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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Orchard Funding Group Plc | ORCH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -3.33% | 29.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.00 | 29.00 | 29.00 | 29.00 | 30.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/12/2023 | Final | GBP | 0.02 | 18/01/2024 | 19/01/2024 | 26/01/2024 |
| 06/04/2023 | Interim | GBP | 0.01 | 08/06/2023 | 09/06/2023 | 23/06/2023 |
| 01/12/2022 | Final | GBP | 0.02 | 22/12/2022 | 23/12/2022 | 06/01/2023 |
| 29/03/2022 | Interim | GBP | 0.01 | 09/06/2022 | 10/06/2022 | 24/06/2022 |
| 26/10/2021 | Final | GBP | 0.02 | 09/12/2021 | 10/12/2021 | 17/12/2021 |
| 09/03/2021 | Interim | GBP | 0.01 | 10/06/2021 | 11/06/2021 | 25/06/2021 |
| 27/10/2020 | Final | GBP | 0.02 | 10/12/2020 | 11/12/2020 | 18/12/2020 |
| 23/03/2020 | Interim | GBP | 0.01 | 11/06/2020 | 12/06/2020 | 26/06/2020 |
| 31/10/2019 | Final | GBP | 0.02 | 12/12/2019 | 13/12/2019 | 20/12/2019 |
| 11/03/2019 | Interim | GBP | 0.01 | 13/06/2019 | 14/06/2019 | 28/06/2019 |
| Top Posts |
|---|
Posted at 20/4/2024 09:31 by orchardholder The 54.19% + 2.44% is how I got to my 57% (56.63%). But I see no further holdings.This isn’t about fair or not fair. It’s just about these two points: 1) what is the value of the company (=83p per share, earning >7-9p per share per year at an ROE of 10%), and it is about 2) what legal rights/ways do I have to participate in this value (=way 1: company stays public, paying 3-9p dividend per year; way 2: company is taken private with a decent offer that I accept; way 3: company is taken private with a bad offer that I don’t accept, meaning I can’t trade the stock likely for years, but continue to receive the dividends of way 1). At 30p, this is just a great and safe (long-term) investment, in a market environment in which most stocks are quite expensive. The majority of my net worth is in stocks, so, I am happy to have such a bond-like holding. I would be glad to keep holding this company for another decade, earning high and stable dividends every year. Some of you seem to be pessimistic because the price of the shares have dropped a lot over the last 5 years. However, the quality of the company has not dropped. In fact the financials have become gradually better over all these years. Orchard has been crushing it over those last 6 months. |
Posted at 19/4/2024 10:49 by orchardholder I am completely new on this board, but I don't quite get why some feel so negative or so much pressure to sell at this price..?A takeover would be great, but if the company just keeps doing what it is doing, this is still an incredible investment below 50p. The company will at the very least earn 7p per year - and that is still a conservative estimate. If now one growth avenue breaks away it will allow for a higher payout ratio, implying a dividend of at least 5p per year (=17% dividend yield + 2p increasing book value per year). Ravi has since day one been very generous and reliable in terms of paying dividends (of course also for his own sake). Some people seem to fear that Ravi will make a low-ball offer...? But then what...? I am not forced to sell and am happily holding my 1.5% in the private market. Everytime Rami will take out money, he also needs to pay money to me. And in the first place, why on earth would the other larger investors sell at 30p...? They might start considering it at 50p+. Their average purchase prices are just too high: Gresham got in at 65-70p Chelverton invested at 80-85p Stuart Hawthorne got in at 50-60p So, I only see an upside, no downside at 30p. If this actually goes below 25p again, I will double down, which should by itself give the stock a bottom. |
Posted at 17/4/2024 15:10 by topvest It's certainly edging up nicely. I suppose Gresham House and Chelverton will have the biggest say here. It looks like Ravi maybe taking on the small sales in the market, what do others think? Really Ravi should do the right thing and make an offer for the company, but I suspect that he doesn't have sufficient liquidity.In which case he will nibble at the small holders and then the board will do a buy-back at whatever price is agreed with Gresham House and Chelverton. That way Ravi still gets most or all of the company back. Given that growth in the loan book has probably turned negative in H2 then cash will start accumulating in the company. The lack of dividend also helps. They also have c£7m of unused facilities which is more than enough to take out all minority shareholders. It won't be book value, but I could see 30-50p as possible. I will await developments for now. It may take several months I suspect. |
Posted at 12/4/2024 00:00 by davidosh kabrams....I tend to agree with you. He was telling us lots of positive sounding words when posting a year ago and that was whilst he was selling down his holding.That is not good and as I was buying shares at the time and have lost 60% of my investment it does not make me feel I can trust anything they say. I do not know what happens next but certainly think there is at least 50p per share of risked value in this company. Will Ravi want to share that and possibly more with shareholders or want the whole of the cake for himself and indeed the family members involved. My guess is a tender offer to take out those who no longer wish to stay and a delist but which will come first? A delist announcement tens to send the shares down so he could then offer far less. Look at what has happened at IBPO and that was a very profitable company. As an investor these situations make me very frustrated and annoyed as the stockmarket should be for long term dividend paying companies to be around for many years. This company has lost 80% of its value in the few years since listing |
Posted at 13/3/2024 13:51 by hedgehog 100 97peter 4 Mar '24 - 17:42 - 832 of 844 0 0 1" ... Hopefully diverting the funds put into GAP and plugging this hole in internal fraud/introducer should see Orchard bounce back by November time and also with lower bank interest rates, improvements in share price " Peter, HIGHER interest rates are actually regarded as the benefit to lenders, not LOWER rates. From a Time Finance (TIME) thread:- someuwin 28 Apr '23 - 15:03 - 182 of 549 0 1 0 "Reading about Barclays in The Times... "Barclays profits hit 12-year high after surge in interest rates" Says that lenders are being boosted by rate rises being pushed through by the Bank of England. This is enabling commercial lenders to increase their net interest margins. If so, has to be good for TIME too." So as the overall trend in inflation is expected to continue falling back to the 2% target, with interest rates therefore likely to follow suit, this surely represents a significant headwind for ORCH to battle against. |
Posted at 09/3/2024 19:29 by kabrams I’m sorry to intervene here as I rarely post and especially when I no longer hold.I’ve taken my losses and moved on but I notice a pattern that’s quite worrisome. When this character Peter arrives on the thread posting how wonderful Orchard funding is performing and how there’s no better company to invest in it seems to correlate with a negative share movement. This happened to me the first time and like the nervous investor I am I sold out, it was a small holding anyway but I’ve continued to follow this stock and it’s happened over and over. How can you say this is a great company, run by the infallible when the shares have fallen 60% from around 50p when I first invested. Sorry but I don’t believe the latest post that everything is rosy in the garden when it clearly isn’t. Could it be someone is buying on the lows and ramping while selling on the peaks. This clearly happened in the past. Everyone can make their own minds up but I feel the need to warn investors after what I’ve seen. My take is profits will be down this year and maybe next and no dividend will be paid. If you’re a brave soul this maybe for you but for the average Joe I’d say think long and hard before investing on the back of something someone posted on these bulletin boards. |
Posted at 01/3/2024 07:19 by cwa1 ORCH, the gift that just keeps on giving :-((1st March 2024 Orchard Funding Group PLC Trading Update Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, provides notification that it has suffered an instance of fraud, arising from dealings with a fraudulent introducer and fraudulent credit agreements funded by the Company as a result. The Board has made a provision of approximately £500k in respect of these fraudulent credit agreements (the "Provision"), which will have a knock-on impact on the Group's year-end financials. The Provision represents the Group's total exposure to these fraudulent credit agreements, and there are no other agreements in place involving the Group which have been introduced via this introducer The Board is conducting a thorough review of its wider lending book and introducer network to satisfy itself that no fraud risk exists elsewhere in its current loan book, alongside a review of its systems and controls and to ensure that the risk that the Company suffers a similar fraud in the future is minimised. |
Posted at 21/2/2024 16:16 by 97peter Konradpuss - A few are mine! But see this link as to small MM’s / II’s buying and owning ORCH in last few months?Google FT review and Orchard Funding to see free fundamentals, owners and outlook for ORCH is great!! |
Posted at 25/1/2024 16:28 by 97peter Konradpuss and Davidosh - Replies:Ravi is probably looking to do a Mello in May this year! He has said that he is looking at the IR on his website and also that clients and profits as stated in AGM are good. Plus why did none of you join AGM and ask questions? It lasted only 15 minutes online! In response to your lists: > This is medium to long term investment not 1-2 years! > There are better opportunities in the market short term. > Buybacks would benefit who? > The AGM divi dates was not handled well. > De-listing why? Ravi and family do hold 59%+ of the company, not an issue? > Investor presentations? Why do them if nothing new? Plus did Mello in 2022. Probably do another Mello in May if news and or new products, clients? > Don’t know which forecasts and drop in profits you have read Davidosh? > why are research notes important to you? > The large seller - playful announced on a RNSand TR1 that they had reduced by 1%. No big news? > I share your lack of comms and have raised this with Ravi. It is a small company, plus IR needs to be better and Ravi is focused and working on this element. I hope all who read this should watch the Mello from 2023, should DYOR and look at what has been written and researched what has been done at ORCH and then will see other than a few minor IR issues and drop in so, which is market wide. This is a strong robust company with a great outlook for growth medium to long term. I am a shareholder and believe strongly in ORCH!! |
Posted at 09/1/2024 07:22 by cwa1 New levels of incompetence reached where the dividend date on their own website was wrong and has had to be corrected. And the final dividend will be paid as soon as possible after the pay date? Seriously, no actual pay date?? Makes you wonder what their business processes are like?:-09 January 2024 9th January 2024 Orchard Funding Group PLC ("Orchard" or the "Company") Dividend Timetable Orchard Funding Group PLC, the finance company which specialises in insurance premium finance and the professions funding market, confirms that subject to approval at Orchard's upcoming annual general meeting (the "AGM"), to be held at 10am on Thursday 11 January 2024, the Company's final dividend for the year of 2.0 pence per share will follow the below timetable: Ex-Dividend Date: 18 January 2024 Record Date: 19 January 2024 The final dividend will be paid to shareholders as soon as possible following the record date. These ex-dividend and record date replace the proposed dates set out in the Company's AGM notice. Following payment of the final dividend, the Company's full year dividend for FY23 will be 3.0 pence per share. |
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