Intrum turns down again – SEB warns of liquidity shortage
Intrum bounced back in Thursday trading after recording eight straight days of decline. On Friday, however, the share continues to be heavily pressured in the wake of SEB scrapping its buy advice. Storbanken warns that the debt collection company may have liquidity problems in the next year if things do not change.
Joint venture books, higher servicing volumes, lower own book & debt and tech investments further improving servicing business is strategy which can work. It is not too far fetched.
Excellent article. Have you read short thesis for Intrum? If you have please share. I think Intrum is solid deleveraging case. I have undestood that short thesis is focusing on book value math and quality of those debts.
$asps is arguably even in a worse place, I wonder where the vulture € are to be made in the next credit down cycle
Have you carefully considered liquidity issues?
This comes from Dagens Industri (translated):
Intrum turns down again – SEB warns of liquidity shortage
Intrum bounced back in Thursday trading after recording eight straight days of decline. On Friday, however, the share continues to be heavily pressured in the wake of SEB scrapping its buy advice. Storbanken warns that the debt collection company may have liquidity problems in the next year if things do not change.
Joint venture books, higher servicing volumes, lower own book & debt and tech investments further improving servicing business is strategy which can work. It is not too far fetched.
Excellent article. Have you read short thesis for Intrum? If you have please share. I think Intrum is solid deleveraging case. I have undestood that short thesis is focusing on book value math and quality of those debts.