Pcf Share Discussion Threads

[mustau] 24/10/2017 10:11

Thanks makes sense.

[mustau] 24/10/2017 07:59

Any idea of the trades last few days? seems like some big sells.

[cc2014] 20/10/2017 08:32

Interesting. Max you can buy at 28 is 10k shares, thus explaining the higher price paid yesterday

[cc2014] 12/10/2017 10:15

Interesting pricing right now.

27.85 to sell 25k
27.99 to buy 25k.

Sell price has been slowly moving up over the last few sessions from 27.5 which Buy price has been dropping from around 28.1.

I guess the MM's running different positions will meet soon or else we will get reversion.

Looks to me as if buys and sells are routing through different MM's

[netcurtains] 05/10/2017 09:02

The new bank has a nice website



(perhaps someone should put this in the header)

[che7win] 02/10/2017 21:17

1,000,000 trade today...

[geraldus] 29/9/2017 21:12

Certainly keep investors well informed.Updates on site all available to view from Capital,Stockdale and Panmure.

[vacendak] 28/9/2017 16:17

@netcurtains
Agreed, when they recast the company as PCF Group a while back, they missed the opportunity to put "Bitcoin" in the name. That would have done for "glamour". :)

[geraldus] 28/9/2017 14:53

Wouldn't be surprised to see Simon Thompson mention it in the IC again.

[netcurtains] 28/9/2017 14:42

This share probably needs a bit of a helping hand as its not "glamour". Would be great if it got a write up in the press or online - because it really is a belter!

[netcurtains] 28/9/2017 08:21

Oh yes Graham1TY, if this pans out, this is going north big time , when I say big time I mean absolutely huge.

[graham1ty] 28/9/2017 07:36

The banking licence could transform PCF as the NIM improves. The growth to £300m then £500m is incredible. The market got very excited waiting for the banking licence to come through and drove the price up to 35p. When it arrived......virtually no reaction.

As soon as people focus on the 2019 forecasts of over 3p, then hopefully there will,be some more interest

[topvest] 27/9/2017 21:34

Fantastic news on the retail deposits front. To have £51m already is a bit of a surprise and a material development. Happy days.

[geraldus] 27/9/2017 20:37

Thanks,poor network at the moment for me.

[netcurtains] 27/9/2017 20:28

geraldus the articles summary line says this " A break above 35p would represent the stock's highest level since 2005"

[geraldus] 27/9/2017 20:05

Article over on Interactive Investor.Very bullish,sorry no link.

[che7win] 27/9/2017 11:17

I have owned these for years.

In fact, I owned the convertible loan notes at 6p and converted those ones, one of the best classes I've owned over the years.

Today, I have bought more PCF with the confident outlook today.

I remember PCF from the days when they decided to start up a car supermarket in order to leverage the loan business. That created difficulties, since then, management have been impeccable.

A well run outfit, I'm surprised by how much deposits they have taken in today, I see them eating away into the bigger banks over time.

So I've added more PCF alongside my OSB, ALD, LLOY financial holdings (all bargains IMHO).

[netcurtains] 27/9/2017 11:10

carcosa: And you can add Netcurtains sees this going to 70p

[carcosa] 27/9/2017 11:03

Couple of notes out today:

Panmure Gordon:

Following this morning’s positive trading update for 11 months to Aug 17, highlighting the successful launch of retail deposits and results being ahead of market expectations, we increase our FY2017 Adj. EPS by 16% to 2.06p. This reflects lower interest costs, impairments and good cost control, more than offsetting slightly lower loan growth as management begin to focus on higher credit grade lending. New business originations of £74.1m are up 19.3% YoY largely driven by SME lending with the loan book having grown by 17.5% YoY to £141.6m. Loan loss provisions of 0.5% are half the level of 2016. PCF bank has gathered £51m of retail deposits since 27 July, already accounting for 36% of loans which will help reduce funding costs quickly. We maintain our BUY and TP of 38p implying a 2017E P/B of 2.1 which we think is fair for a bank targeting RoE of 17.5% and loan growth of 35%.

Stockdale:
PCF Group has announced that it expects to beat market expectations for FY2017. We have increased our adj. PBT and EPS forecasts by c.10% to £5.0m and 2.2p respectively. With growth in the portfolio in line with forecasts this is largely due to the loan loss impairment charge remaining at a record low of 0.5%. PCF Bank has received c.£51m of retail deposits since it began taking deposits in July. Ahead of the final results on 5 December 2017, we make no changes to any of our future forecasts and retain our 42p TP and Buy rating.

[cc2014] 27/9/2017 09:23

What a nice start to the day. The plan is coming together as set out by Scott and I see this as the start of the next uptrend

[netcurtains] 27/9/2017 08:52

I do love a good cash machine!

[netcurtains] 27/9/2017 08:51

What was that guy in Mary Poppins called.....

Mmmmmmmmmmmmm

Got it: "Mr Banks"