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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Funding Circle Holdings Plc | LSE:FCH | London | Ordinary Share | GB00BG0TPX62 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 106.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 105.00 | 106.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 146.8M | -38.3M | -0.1168 | -9.08 | 347.61M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 106.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/3/2025 | 16:55 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 13/3/2025 | 16:55 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 12/3/2025 | 17:11 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 11/3/2025 | 17:13 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 10/3/2025 | 18:22 | ALNC |  IN BRIEF: Funding Circle hails term loans business as swings to profit |
| 10/3/2025 | 17:30 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 07/3/2025 | 17:28 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 06/3/2025 | 16:59 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 06/3/2025 | 07:00 | EQS | Funding Circle Plc: Full Year 2024 Results |
| 05/3/2025 | 17:31 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
Funding Circle (FCH) Share Charts1 Year Funding Circle Chart |
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1 Month Funding Circle Chart |
Intraday Funding Circle Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/3/2025 | 09:08 | Funding Circle - giving power to SME's | 515 |
| 29/5/2024 | 06:37 | Funding Circle 2024 Multi Bagger | 103 |
| 11/5/2024 | 07:54 | Dodged a Bullet here then ! | 161 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 12/2/2025 11:47 by premium beeks Low volume days and buybacks would on paper mean an appreciating share price. Not sure on the mechanics of that though, however sounds reasonable to assume. |
Posted at 06/2/2025 07:53 by edmate An ‘overreaction&Analyst Robert Noble reiterated his ‘buy’ recommendation and target price of 180p on the lending platform for small and medium-sized businesses, which was trading up 3.8% at 109.5p on Wednesday. This follows a 16% fall earlier in the week after it was announced the High Court will hear Azzurro Associates’ claims that issues in Funding Circle’s documents and processes left the debt buyer unable to pursue small business owners over personal guarantees. ‘The case does not challenge the fact that the loans are valid, that the loan agreement was breached, nor that the personal guarantee is valid,’ said Noble. ‘As such, the negative share price reaction on the news looks overdone and we reiterate our “buy” recommendation on the stock.’ He said the sell-off was mostly due to the more than 300% increase in the share price in the last 12 months rather than the risk from the court case. ‘We see a further 70% upside [to the close post the 16% fall]…and see no reason to adjust our price target.’ |
Posted at 04/2/2025 15:35 by johnrxx99 It seems to be clear that the documentation at fault is between FCH and Azzurro. FCH appears to say there is no problem with the documentation between them and the borrower and guarantor. For what it's worth I would have thought it would be easier to assign the debt back to FCH, if indeed it is necessary, and let FCH sue the guarantor.As Azzurro is owned by a US hedge fund, perhaps they are looking for a deal. There is of course no question of them shorting FCH. |
Posted at 04/2/2025 11:08 by carcosa Yes, it is a test case.The case referenced involves a summary judgment (a legal ruling without a full trial) concerning two defaulted loans from March 2020 that were sold to Azzurro. In that interim ruling, Judge Terrence Phillips said the two guarantors had a “real prospect of success” in establishing that money they had personally guaranteed was not payable to either Azzurro or Funding Circle due to alleged issues with documentation and processes. The implication is that the problem only affects those loans that were sold; not those that exists on FCH books. Subsequently Azzurro have elected to go for a full trial. Should Azzurro fail then the implication is that this could have significant effect on FCH and the industry. This case is pivotal because it challenges the legal foundations of debt assignments and the enforceability of personal guarantees, which are common in business lending. A ruling in favour of the guarantors could set a precedent impacting how debt portfolios are transferred between financial institutions. FCH also said to be confident that even if any issues with its processes were to be established at the Azzurro trial, it would be able to resolve them. However they are not indicating how or what their potential liabilities is in so doing. Most of these loans were transferred around 2020/2021 so they may have been taken out a year or more before then. My understanding is that most loans from FCH are for a 6 month to 5 year period. So I would have thought that the majority of these 'bad' loans have subsequently been settled. Prelim results are likely to be issued in early March so expect more commentary from the company then. |
Posted at 04/2/2025 10:05 by qs99 thanks, interesting. So FCH say changes to process IF any issues would resolve any defects...so underlying business IMO & valuation therefore should in theory take comfort from that if the article is accurately reflecting what FCH has said. On that basis, IMO/DYOR, the court case is then v. limited, will take time & it is not clear that FCH will have any liability at this stage esp not if you believe "buyer beware"!!DYOR |
Posted at 04/2/2025 09:13 by carcosa Clearly there is a lack of real information at the moment.There is certainly more than 300 loans though; a further 1900 was sold in 2021 (info from public resources) but I would expect many many more have been sold to Azzurro. It seems Azzurro may have given up on the idea of pursuing the debtors as a Judge has already indicated their course of action last year was going nowhere. So now they appear to be arguing over being sold the rights v loans (thanks Specto) Reading the 'tea leaves' it appears the Courts often apply the following factors to distinguish between a sale and the transfer of rights: Control and Risk Transfer: Does Azzurro bear the risk of borrower default? Ownership Indicators: Who legally owns the loans? Borrower Obligations: Are borrowers obligated to pay Azzurro or Funding Circle? Economic Substance: Despite formal language, does the deal function as a sale? If Funding Circle retains significant control, the transaction may be deemed a financing arrangement rather than a sale. Conversely, full transfer of control, risk, and ownership would favour a finding of an outright sale. It's these nuances in law are problematical for investors. Court cases can take forever... 2026 maybe? From my legal novice perspective, from the limited available information, the fact that Azzurro are a hedge fund with an assumed high level of diligence/lawyers then it would be a surprise to me if FCH are at fault; unless they are proved to have acted in a fraudulent way. Am sure we would all appreciate a statement from FCH giving some basic details but as things stand now I've bought a few more shares. |
Posted at 04/2/2025 09:09 by tiswas Presumably if it has got as far as court then FCH must have been aware of the issues.If there was any recourse to FCH then I assume there will be a note in their accounts although I must admit I have not got around to reading them yet. Poor that FCH had not anticipated this and had an RNS prepared to prevent a false market in their shares, either way. |
Posted at 04/2/2025 08:45 by edmate Agree. I still don't really get what FCH have done. If azzuro bought these loans from FCH without doing thorough due diligence on the particulars and nuances then how does that make FCH liable? |
Posted at 04/2/2025 08:38 by hpcg I haven't been a shareholder for a while, but I don't understand why there has been any share price reaction at all. Some financial adults bought something from some other financial adults, and as the something is loans then almost by definition they will be non-recourse to FCH. If any one made a mistake with paper work it is the buyer of the loans? |
Posted at 15/1/2025 09:40 by napoleon 14th Zac Mir, FWIW: "Funding Circle Holdings (FCH), the UK’s leading SME lending platform, provided a trading update for the full year ended 31 December 2024. Building on the strong half-year results published in September 2024, the Group delivered a good performance in the second half of the year, consistent with the Board’s expectations. Accordingly, it expects to deliver positive Group profit before tax for the full year in line with the upgraded guidance as set out in September 2024 and it remains on track with our medium term guidance. FCH said it enters 2025 well-placed to make further progress against our medium-term plan and help get finance to even more SMEs.Comment: Shares of FCH more than doubled last year, and so they should have given the stated focus on funding SMEs. Indeed, the only block on business in 2025 could be how many SMEs will be left to fund after the next wave of taxation from the Labour Government." |
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