LendInvest

LINV · AIM · Financial Services · mcap £40m · 28.5p

LendInvest makes short-term bridging and buy-to-let mortgage loans to UK property investors and developers. It funds these through its own balance sheet, bank lines, securitisations and third-party investor money, earning interest and fees.

Target	Promise	Said	Status
2024
31 Mar 2024	Generate pre-tax profit of at least £10m from residual RMBS securitisation sale in H2 FY24.	19 Dec 2023	✗ Missed · target changed
	“Performance in the second half of FY24 is also expected to benefit from a sale of the residual interests in the most recent RMBS securitisation, which is in progress, and is expected to generate a pre-tax profit of at least £10m.” Result Sale completed with a £12.1m gain, but the gain was withdrawn in June 2024 after an accounting adjustment. “The transaction will generate a net pre-tax gain of c£12.1 million for FY2024.”5 Jan 2024 · Sale of residual economic interest in RMBS “the Company advises the market to reduce expectations for NOI and PBT for FY 2024 by disregarding the previously expected net gain of £12.1 million.”17 Jun 2024 · Update on FY24 guidance