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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Distribution Finance Capital Holdings Plc | DFCH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 3.23% | 32.00 | 08:00:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.00 | 32.00 | 32.00 | 31.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 02/7/2024 15:00 by davebowler April Panmure/Liberum note-BUY, TP 60p We retain our BUY recommendation and 60p target price, based on a residual income valuation methodology. We believe the shares provide an attractive proposition to investors given reduced competition in the space from traditional lenders, a highly collateralised loan book with strong credit quality, and a mid-to-high-teens return on equity in the medium to long term. With the shares trading on a CY 24 P/TNAV of just 0.4x, they are clearly undervalued based on the medium-to-long-term ROE that should be deliverable as the business expands in scale. |
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