24 May 2012 – AGM
At the AGM statement released today International Personal Finance confirmed that it continues to make good progress. The group has also extended £130 million of bank facilities into 2015 which, together with existing debt facilities, provides sufficient funding through to that time. This has been achieved on the current covenants and with no increase on the margin. Although good news from the group the stock is very volatile and we believe these markets might offer a better opportunity to buy. HOLD