LendInvest has reported H1 23 PBT of £14.8m, H1 underlying FCF of £11.4m, and reiterated FY23 guidance. H1 AuM growth of +33% yoy is in line with the October trading update, with growth across all lending products, including +44% from Buy-to-Let. FuM growth of +20% to £3.4bn provides c£1bn of headroom for future expansion, and includes a £180m financial partnership with Lloyds Bank. Gross profit grew +17% to £31.1m, and including opex ahead of the launch of the specialist homeowner product, adju ....
30 Nov 2022
LendInvest - Strong H1 PBT and FCF as the platform strengthens
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LendInvest - Strong H1 PBT and FCF as the platform strengthens
LendInvest PLC (LINV:LON) | 26.5 0 0.0% | Mkt Cap: 37.4m
- Published:
30 Nov 2022 -
Author:
Andrew Darley | Michael Hill -
Pages:
23
LendInvest has reported H1 23 PBT of £14.8m, H1 underlying FCF of £11.4m, and reiterated FY23 guidance. H1 AuM growth of +33% yoy is in line with the October trading update, with growth across all lending products, including +44% from Buy-to-Let. FuM growth of +20% to £3.4bn provides c£1bn of headroom for future expansion, and includes a £180m financial partnership with Lloyds Bank. Gross profit grew +17% to £31.1m, and including opex ahead of the launch of the specialist homeowner product, adju ....