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Share Name | Share Symbol | Market | Stock Type |
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Distribution Finance Capital Holdings Plc | DFCH | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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32.00 | 32.00 | 32.00 | 31.00 |
Industry Sector |
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GENERAL FINANCIAL |
Top Posts |
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Posted at 15/8/2024 10:12 by joeyjojo1826 DFCH looks great value. P/TBV around 0.5 and PE of about 5. Good growth in lending and loan book should see profits rise over the next few years too. Liberum have 14m pbt pencilled in for this year for earnings of 5.6 p/share. This includes a one off gain of 1.7m that was previously written off. Including this 1.7m one-off profit, they've done 9m in H1.They should do at least 7.3m in H2, for 16.3m for the full year, or approx 6.5p/share. Adjusting out the one-off gain, I get about 5.8p/share.Looking at the pretty decent growth rate, it wouldn't be unreasonable to value the company on a PE of 10 or somewhere closer to P/TBV of 1. I've been a buyer over the last few weeks to build up a decent position. Anyone else got an opinion on the valuation/prospects here? |
Posted at 04/7/2024 06:35 by aishah Trading update for six months ended 30 June 2024Continued momentum with full year results now expected to be significantly ahead of market expectations The Group has continued to see strong momentum during the period with new loan origination exceeding a record £709m, up c17% on the prior year (H1 2023: £607m). The Group's loan book at 30 June 2024 reached £600m, up c16% on the prior year (H1 2023: £519m) Given the Company's strong underlying operational and financial momentum and the financial recovery in relation to RoyaleLife, the Group expects to report a pre-tax profit for the six month ended 30 June 2024 of no less than £9.0m, which is significantly ahead of its expectations and more than the entire FY23 outturn of £4.6m. Accordingly, the Group expects its full year outturn for 2024 to significantly exceed market expectations. |
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