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Bullboard - Stock Discussion Forum IOU Financial Inc V.IOU

Alternate Symbol(s):  IOUFF

IOU Financial Inc is a Canada based company principally engaged in the commercial lending business. It provides capital to small businesses for growth opportunities. The customers of the company are medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. Its lending activity originates and retains loans as part of its loans receivable portfolio. The company services loans that have been sold to third-party purchasers on a non-recours...

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IOU FINANCIAL INC. REPORTS FINANCIAL RESULTS

Company highlights strong year over year growth in loan originations, return to profitability on an annual basis, and provides update on Post-Pandemic Growth Plan. Total loan originations reached...read more

RE:MSR tricky beast

My calculations are very different.  What is your revenue calculation if originations average US$60m/quarter for a year?     rate and reply

RE:MSR tricky beast

Sorry for using the wording MSR just got stuck in my mouth haha Loan Servicing Right would be more appropriate since they are making loans to small business  rate and reply

MSR tricky beast

Mortgage Servicing Rights can be a very lucrative capital light sector However, the accounting is very tricky and has to be taken with a grain of salt.  First right now, IOU Financial is...read more

RE:RE:RE:RE:RE:Q2 & Breaks All-Time Record in Monthly Loan Originations

we got the under. A bit disappointing but still big growth over Q2.   rate and reply

Surpasses US$1 Billion in Loan Originations

Company celebrates major milestone in its 12-year history of funding small business growth in North America ATLANTA, Nov. 2, 2021 /PRNewswire/ - IOU FINANCIAL INC. ...read more

RE:RE:RE:RE:Q2 & Breaks All-Time Record in Monthly Loan Originations

  What's the guess for Q3 originations? I'll set the over/under at $55.5m which is just July * 3. I'm betting on the over.  I think breakeven is around $15m in monthly...read more

RE:RE:RE:Q2 & Breaks All-Time Record in Monthly Loan Originations

July originations hit an all-time record for the company!  Wow.  Here's hoping the economy keeps booming...  Covid and inflation please go away.  rate and reply

Repurchase Approximately $0.4 Million Convertible Debentures

IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021. MONTREAL, ...read more

RE:Q2 & Breaks All-Time Record in Monthly Loan Originations

I thought this was a great quarter. I'm really excited for the rest of the year. Earnings should be positive by Q4 based on these trends without any credit risk.  rate and reply

Q2 & Breaks All-Time Record in Monthly Loan Originations

Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plans and announces migration to marketplace strategy. Loan origination volume...read more

IOU launches Cash Back Loan

Product innovation is something that IOU mentioned as part of their PPGP (Post Pandemic Growth Plan) - looks like they are delivering: https://debanked.com/2021/08/iou-introduces-the-cash-back-concept...read more

Wave of Management Changes Come to IOU Financial As it Ramps

Great coverage in deBanked re. structural changes at IOU: https://debanked.com/2021/08/wave-of-management-changes-come-to-iou-financial-as-it-prepares-for-the-future/  rate and reply

RE:Bullish signals from IOU. Why are they under the radar?

I think it's just under the radar. We get the next look on origination growth at the end of August. Breakeven is around $15m/month in originations and they guided above that for the back half...read more

Bullish signals from IOU. Why are they under the radar?

IOU came out of the pandemic in a strong cash position and recently announced they are buying back $1.9M of corporate debentures... why is this a penny stock? https://news.ioufinancial.com/2021-06-16...read more

RE:Transformational deal potential

"IOU is now an asset light fintech with a big chequebook and hollowed out competition." AGREED.  Also liked what they had to say in their Q1 financial results about where they are...read more