Share Name Share Symbol Market Type Share ISIN Share Description
Charter Court LSE:CCFS London Ordinary Share GB00BD822578 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.70p -0.20% 346.45p 342.70p 346.80p 349.30p 320.10p 338.35p 151,340 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
170.2 111.7 35.0 9.9 828.47

Charter Court Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
14/6/2018
17:25
Tipped tomorrow in the IC.
dixies
14/6/2018
16:46
Gargleblaster - I'm not aware of it having been tipped recently. More likely to be people recognising the value here for what should be a great growth story.
m1das_touch
14/6/2018
16:43
Closed at new all-time high...bodes well for further gains.
m1das_touch
14/6/2018
15:27
6 June 2018 Charter Court Financial Services Group plc Disposal of economic interest in Charter Mortgage Funding 2018-1 plc Charter Court Financial Services Group plc ("Charter Court" or the "Group") today announces it has agreed to sell its residual economic interest in the Charter Mortgage Funding 2018-1 plc securitisation ("CMF 2018-1") for a cash consideration of GBP13.8 million, payable on completion (the "Transaction"). CMF 2018-1 is the Group's latest securitisation and is due to complete on 8th June 2018. The Transaction is expected to settle before the end of June 2018 and will involve the sale of the RC1 and RC2 residual certificates (the "Certificates") to the securitisation. Lloyds Bank Corporate Markets plc ("LBCM") is managing the sale and settlement process. The Transaction will generate a pre-tax gain of GBP21.3 million which will be recognised in the first half of 2018 and will also result in a reduction of mortgage assets and associated risk weighted assets of the Group of approximately GBP285.5 million and GBP100 million, respectively. The associated increase in the Group's core equity tier 1 capital resources will be invested to support new loan originations in its specialist lending segments and ongoing business activities. The securitised mortgage assets yielded interest income of c. GBP1 million in May 2018. Both the Transaction and the CMF 2018-1 securitisation reflect Charter Court's strategy of continuously monitoring the markets for tactical opportunities to create shareholder value. Charter Court remains on track to meet its net loan book growth target of at least 20% in the medium term, adjusting for sales which result in a de-recognition of assets. Sebastien Maloney, CFO of Charter Court, said: "This is another excellent transaction for Charter Court and is a testament to the continued investor confidence in the quality of our underwriting. As we have set out in our strategy, we take a proactive approach to asset-liability and capital management and will take advantage of favourable market conditions to execute transactions that enhance our capital position, support further loan growth and deliver shareholder value. The proceeds from the transaction will be invested in pursuing further growth opportunities. As we set out at our Q1 2018 trading statement, we have had a strong start to the year and remain confident of achieving our stated financial targets." Background on CMF 2018-1 CMF 2018-1 is the securitisation of approximately GBP285.5 million of prime residential mortgages originated by Charter Court Financial Services Limited. At closing, CMF 2018-1 will sell all of the rated notes (classes A, B, C, D, E and X notes) in the securitisation to third-party investors. The Transaction will result in the de-recognition of the securitised mortgages and, as a liability, the rated notes from the Group balance sheet.
aishah
14/6/2018
13:41
Indeed. Having invested a few months ago I've been waiting patiently in anticipation for the next leg up. No doubt there will be a few retraces along the way but I have a feeling those broker targets aren't to far away.
baggies12
14/6/2018
13:39
I am liking this. Bit hard to connect the dots here - perhaps been tipped somewhere?
gargleblaster
14/6/2018
13:15
pointing skywards
aishah
22/5/2018
11:54
Already overweight here, so didn't add more around the placing dip. Broker tps: BarCap=400p Peel Hunt=370p Shore Cap=415p
aishah
22/5/2018
10:12
Nice recovery from the placing - aided by a nice trading statement
its the oxman
16/5/2018
13:36
From City am; Niche bank Charter Court got a glowing appraisal from Investec yesterday, as analysts asked: “How can such extreme value-creation be this simple?” The bank, which offers savings products and specialist residential and buy-to-let mortgages, has delivered “exceptional returns” according to Investec, with a 30.4 per cent return on equity last year. Added to that, analyst Ian Gordon noted Charter Court has a low risk business appetite with “one bad debt – ever!” Investec said it expected more of the same, and added its “buy” recommendation at a 360p target was a “no-brainer221;.
gargleblaster
15/5/2018
07:37
Strong update: Loan book[1] up 28.2% year-on-year to £5.5 billion (Q1 2017: £4.3 billion) New loan originations of £668.2 million in the quarter with strong performance in core segments of buy to let and specialist residential Maintained strong asset quality and credit performance in the quarter Ian Lonergan, CEO of Charter Court, said: "I am pleased to report another strong quarter for Charter Court. We have successfully maintained the strong momentum in our mortgage originations pipeline at year end 2017 into the first quarter of 2018, while taking the opportunity to price up our mortgage products in response to higher swap rates. In line with our strategy, we continued to work just as hard on the liability side of our balance sheet, taking advantage of favourable capital markets conditions to successfully execute two securitisations in the quarter totalling £620.6 million. Looking ahead, we continue to see strong demand for our buy to let and specialist residential mortgages and remain confident in our stated financial targets."
aishah
03/5/2018
11:44
All the fundamentals seem sound/ seems cheap, and is in markets that larger lenders are not really interested in.
gargleblaster
02/5/2018
15:32
Co enjoyed a strong start to the year so could well prove to be a decent opportunity sub 300p
its the oxman
01/5/2018
22:40
Nasty reaction - a problem with an investor that holds such a big stake unfortunately. Prior to this their stake was listed as 53.9%, so the fact they want to offload could be a sword of Damocles hanging over the stock for some time. IMV you either take a longer term view on the business (my preference)or you bail out when faced by a large shareholder.
gargleblaster
01/5/2018
09:46
Looks like about 25% of their holding gone.
glaws2
01/5/2018
08:40
Elliot Capital 180 days lock-up expired 2nd April. Maybe they are reducing. Good to have wider ownership - await news of who bought the trade.
aishah
01/5/2018
08:28
Lot of panicky sellers - topped up! (too soon)
oniabsta
01/5/2018
08:18
It's a extremely big sell...
matthewbrandon105
01/5/2018
08:16
Why the 5% fall below 300p today?
its the oxman
21/3/2018
12:16
2x 75000 buys...II's/directors loading up?
pre
20/3/2018
11:46
Agreed. Peel Hunt retains BUY and 375p target
aishah
20/3/2018
11:29
decent maiden results. Tucked away in thr drawer for a while yet
pyemckay
18/1/2018
16:29
Looks like a securitisation issue a couple of days ago, which the market seems to like! I am happy to sit tight here.
gargleblaster
04/1/2018
22:44
One of Peel Hunt's growth picks this year: The specialist mortgage bank has strong balance sheet growth and operational leverage. What's more, Charter Court should benefit from new underwriting standards for complex landlords.
aishah
03/1/2018
15:43
I also took a initial position before Christmas; very cheap on most metrics and nice cashflow and margins. Stockopedia, however, labels it s a momentum trap.
glaws2
Chat Pages: 2  1
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