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Market Update on One AIM listed Financial Services Provider - LINV

Jul 11, 2023 | Team Kalkine
Market Update on One AIM listed Financial Services Provider - LINV

 

Lendinvest PLC

Lendinvest PLC (LSE: LINV) is an FTSE AIM All-Share Index quoted asset management platform for property finance in the United Kingdom.

The Company will announce FY23 results for the 12 months ended 31 March 2023 in mid-July 2023.

Recent Business Updates

  • Announcement of £500 million funding partnership: On 03 July 2023, the Company has announced a £500 million investment from Chetwood Financial Limited. This funding will support the scaling of its BTL and residential mortgage products.
  • Sale of Buy-to-Let Residential Mortgage Portfolio: On 30 May 2023, LINV has announced the sale of a portfolio of Buy-to-Let residential mortgages portfolio to Chetwood Financial Limited for a cash consideration of £243 million.
  • Partnership with Wells Fargo: On 28 April 2023, LINV has announced the partnership with Wells Fargo to diversify its funding sources and further expand the buy-to-let business.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Lendinvest PLC (LSE: LINV) was trading at the current market price of GBX 56.00 (as of 11 July 2023, 02:00 PM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 11 July 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.’


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Past performance is not a reliable indicator of future performance.

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