GEN - General Capital Ltd

Started by Left Field, Aug 27, 2023, 09:31 AM

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lorraina

General Capital subsidiary General Finance update
Friday 25th October 2024


General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 30 September 2024 to the Disclose Register.

 

General Finance Limited has continued its growth trajectory, with total assets reaching $180 million, an increase of 11% since 30 June 2024. The company also reported a quarterly net profit after tax (NPAT) of $764,000.

 

As at 30 September 2024 General Finance held $38.1 million in cash, cash equivalent and bank deposits. Since that time General Finance has entered into an agreement to purchase Bridges Financial Services Limited.

 

Mr. Brent King, Managing Director, commented on the results, explaining that, as a licensed Non-bank Deposit Taker, General Finance is required to issue this report under the Financial Markets Conduct Act 2013.

 

"This performance underscores the robust and stable nature of General Finance. We are well-positioned to build on this momentum and continue our growth journey," said Mr. King.

 

winner (n)

Wonder if General Capital wasting money on getting Boris Johnson to be a speaker at an event they are hosting?

lorraina

They have previously supported speakers to this event.
Seems they have already had their money's worth.
I do Wonder if any one would be foolish enough to pay to attend.?

BlackPeter

Quote from: lorraina on Oct 26, 2024, 12:14 PMThey have previously supported speakers to this event.
Seems they have already had their money's worth.
I do Wonder if any one would be foolish enough to pay to attend.?

I guess it depends on the circumstances. If they provide a large enough supply of eggs and tomatoes well beyond their used by date and allow the audience to throw these items at the speaker, I might be prepared to invest a small sum of money into the ticket :) ; Could be fun.


lorraina

General Capital presents Long Lunch with Boris Johnson.
Friday 25th October 2024


Greetings from General Finance.

 

Starting from 24 October 2024 to 26 November 2024 (inclusive), take advantage of our exclusive "General Capital presents Long Lunch with Boris Johnson" Promotion and automatically "Be In The Draw to Win" tickets to "one of the most informative and entertaining long lunches you will ever experience!".

Click here for more information.

This exclusive prize draw is available to investors with (1) new term deposit investments, and (2) reinvestments of matured term deposits, that commence during this promotion period.

 

Don't miss this rare opportunity to hear from a politician who was at the forefront during some of the world's biggest recent events.

 

Prizes Include:

 

First Prize – Two tickets to "General Capital presents Long Lunch with Boris Johnson" – to be held on 3 December 2024 at the Cordis Hotel Auckland. The ticket includes a four-course gourmet lunch with matching fine wines and beverages

 

Second Prize – One ticket to "General Capital presents Long Lunch with Boris Johnson" – to be held on 3 December 2024 at the Cordis Hotel Auckland. The ticket includes a four-course gourmet lunch with matching fine wines and beverages

 

Third Prize – Three investors to each receive a signed copy of Mr Johnson's autobiography "Unleashed"

 

The prizes will be drawn and winners announced at 10 AM on Wednesday 27 November.

 

With the interest rates fast dropping, it may be a good time to enjoy peace of mind of a fixed interest rate and the secured return on your investment that General Finance offers. There is no better time to learn more and start your journey towards a brighter financial future!

 

Invest now and be in the draw to win! Please call us on 0800 500 602 and or check out our website (www.generalfinance.co.nz) today for details.

 

Be happy & safe. Look after your loved ones.

 

Kind Regards

Brent King B.Com., C.A., MInstD

Managing Director

BlackPeter

Quote from: lorraina on Oct 28, 2024, 09:14 AMGeneral Capital presents Long Lunch with Boris Johnson.
Friday 25th October 2024


Greetings from General Finance.

 

Starting from 24 October 2024 to 26 November 2024 (inclusive), take advantage of our exclusive "General Capital presents Long Lunch with Boris Johnson" Promotion and automatically "Be In The Draw to Win" tickets to "one of the most informative and entertaining long lunches you will ever experience!".

Click here for more information.

This exclusive prize draw is available to investors with (1) new term deposit investments, and (2) reinvestments of matured term deposits, that commence during this promotion period.

 

Don't miss this rare opportunity to hear from a politician who was at the forefront during some of the world's biggest recent events.

 

Prizes Include:

 

First Prize – Two tickets to "General Capital presents Long Lunch with Boris Johnson" – to be held on 3 December 2024 at the Cordis Hotel Auckland. The ticket includes a four-course gourmet lunch with matching fine wines and beverages

 

Second Prize – One ticket to "General Capital presents Long Lunch with Boris Johnson" – to be held on 3 December 2024 at the Cordis Hotel Auckland. The ticket includes a four-course gourmet lunch with matching fine wines and beverages

 

Third Prize – Three investors to each receive a signed copy of Mr Johnson's autobiography "Unleashed"

 

The prizes will be drawn and winners announced at 10 AM on Wednesday 27 November.

 

With the interest rates fast dropping, it may be a good time to enjoy peace of mind of a fixed interest rate and the secured return on your investment that General Finance offers. There is no better time to learn more and start your journey towards a brighter financial future!

 

Invest now and be in the draw to win! Please call us on 0800 500 602 and or check out our website (www.generalfinance.co.nz) today for details.

 

Be happy & safe. Look after your loved ones.

 

Kind Regards

Brent King B.Com., C.A., MInstD

Managing Director

Not really following this company, but the name Brent King creates some disturbing dissonances in the back of my head ... similar disturbing to the name Boris Johnson, just that Brent King happened to be closer and more devastating for NZ investors. A case of who does not remember history is bound to repeat it?

lorraina

Well done GEN.

 Revenue up 39% to $10.8m
• NPAT up 31% to $1.572m
• Earnings per share up 31% to 0.57cps (allowing for the
recent share consolidation).

We are very pleased to announce the results.

We had advised at the Annual Shareholder Meeting that we would consider declaring a dividend after the results were announced and following a review of our future outlook. I am pleased to advise that we are announcing our maiden dividend."

Details of the dividend are:

• Record Date 2/12/24
• Dividend Payment date 13/12/24
• Amount per share $0.0055 per share
• Imputation Credit $0.00213889


lorraina

Interesting noting DMX Asset Management in their December update have been loading up with GEN shares.I too helped clear the over hang of shares for sale.

"In the case of General Capital, this small and illiquid company's shares have suffered for the market having to
absorb a couple large parcels recently. We initially invested in General Capital in 2022 in the low-20c range (post
consolidation). We'd been sellers into strength as the shares subsequently re-rated, and have otherwise been
patient and supportive shareholders with our remaining small position (around a 2% weight). The company has
made great progress, expanding its loan book and operating prudently in its niche as a second-tier first mortgage
lender. As a micro-cap in the $20-30m market cap zone, tightly held with the top four holders (including its CEO)
owning around 80% of the company, the shares are thinly traded and – as per the below 5-year chart – have
been quite volatile. This volatility isn't reflective of its underlying fundamental developments or our ongoing
assessment of value, which have been quite positive and steady.
We learned in early December that a vendor (which we presumed was a former director) was seeking to sell
some shares. Then in the high-20's, we sat patiently on-screen with a low-ball offer at 20c. Over some period of
time, we believe the low-ball offer in volume, together with perhaps word spreading that there was a large
volume, saw the share price inch closer to our bid. The shares ended the month down 36% at 21.5c, and in early
January the vendor capitulated, selling into our 20c bid. We subsequently bid lower still, eventually dealing onmarket for more at 18.5c. We've taken this opportunity to move the DMXASF holding from just over 1% to nearly
3%, and have initiated a position for DMX Capital Partners at these levels. For context, the company's net asset
value is closer to 30cps and we expect EPS of 4-5c for the year ahead. If the company continues to execute we
believe this could be a comfortable double over the next 2-3 years."

winner (n)

Lorraina..... re DMX that Chris Steptoe is a pretty clued up guy .....so General Capital should do well.

lorraina

#25
A few Sharetrader posters went on to becoming research analysts for managed funds,or formed their own funds [DMX and Pie come to mind] so as not to have a conflict of interest stopped posting on ST.
Here is DMX's team.
https://dmxam.com.au/team


 

lorraina

Quote from: winner (n) on Jan 15, 2025, 02:02 PMLorraina..... re DMX that Chris Steptoe is a pretty clued up guy .....so General Capital should do well.

I agree with you.

winner (n)


lorraina


winner (n)

Quote from: lorraina on Jan 16, 2025, 06:25 PMIncredible....

Only started in this role on 1/4/24. ...not that long ago