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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Funding Circle Holdings Plc | LSE:FCH | London | Ordinary Share | GB00BG0TPX62 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.00 | -0.80% | 124.50 | 273,520 | 10:35:46 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 124.00 | 125.00 | 126.50 | 124.00 | 125.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 146.8M | -38.3M | -0.1140 | -10.92 | 421.49M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:35:46 | AT | 200 | 124.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 18:19 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 19/11/2024 | 16:49 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 18/11/2024 | 17:09 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 15/11/2024 | 17:33 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 14/11/2024 | 17:16 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 14/11/2024 | 11:03 | EQS | Funding Circle Plc: Results of General Meeting and Update Statement on.. |
| 13/11/2024 | 16:53 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 12/11/2024 | 17:05 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 11/11/2024 | 17:10 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
| 08/11/2024 | 17:02 | EQS | Funding Circle Plc: POS-Transaction in Own Shares |
Funding Circle (FCH) Share Charts1 Year Funding Circle Chart |
|
1 Month Funding Circle Chart |
Intraday Funding Circle Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/11/2024 | 13:08 | Funding Circle - giving power to SME's | 357 |
| 29/5/2024 | 06:37 | Funding Circle 2024 Multi Bagger | 103 |
| 11/5/2024 | 07:54 | Dodged a Bullet here then ! | 161 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:35:46 | 124.50 | 200 | 249.00 | AT |
| 10:35:08 | 124.50 | 200 | 249.00 | AT |
| 10:34:49 | 124.50 | 200 | 249.00 | AT |
| 10:34:26 | 124.50 | 400 | 498.00 | AT |
| 10:34:00 | 124.50 | 500 | 622.50 | AT |
| Top Posts |
|---|
Posted at 16/10/2024 10:58 by carcosa No. EPS would be greater than 15%. Here are some examples using simplified numbers for ease of explanation.If a company has a net income of £1 million and 1 million shares outstanding, the EPS before the buyback is £1.00. After a 15% buyback (reducing shares to 850,000), the new EPS would increase to approximately £1.18 (£1 million / 850,000) i.e. 18% Decrease in P/E: Assuming the stock price remains constant immediately after the buyback, the P/E ratio will decrease due to the increased EPS. For instance, if the stock price is £15 and the EPS increases from £1.00 to £1.18, the P/E ratio drops from 15 to about 12.7 (£15 / £1.18) Increase in ROE: The buyback reduces shareholders' equity because cash is used for repurchase, which can enhance ROE. If equity was initially £5 million and reduced by the cash used for buybacks (say £150,000 for simplicity), ROE would increase as net income remains unchanged while equity decreases. Increase in ROA: Similar to ROE, total assets decrease due to cash outflow for share repurchase. If total assets were initially £10 million and reduced by £150,000, ROA improves as net income remains constant while assets decrease In conclusion, a share buyback generally leads to an increase in EPS, ROE, and ROA while decreasing the P/E ratio (assuming all other metrics remain the same pre/post the buyback, which of course it never will). |
Posted at 16/10/2024 10:04 by melody9999 This is quite some buyback.£25M complete - shares cancelled - over 7.5% of issued share capital Now repeat performance. Authority to buyback up to 15%. As per HY results: unrestricted cash of £164.4 million 300624 And today they say: "Following the expiry of the 2024 AGM repurchase authority, or to the extent that the Company meets the limit of that authority prior to the 2025 AGM, Funding Circle will seek further repurchase authority at the 2025 AGM or an earlier General Meeting." Obviously a real appetite for further buybacks. At todays SP, they could buyback almost half the company! (I know that won't happen because the company will want to retain positive cash position, and because IMV the share price will continue to rise....but just saying!) |
Posted at 16/10/2024 08:18 by johnrxx99 The Company announces that on 15 October 2024 it completed an initial £25 million share buyback programme, with the Company repurchasing a total of 27,308,339 ordinary shares of £0.001 each in its share capital (the “Ordinary Shares”) equating to 7.56% of the Company’s issued and outstanding capital. Following the cancellation of the repurchased Ordinary Shares, Funding Circle has 333,994,804 Ordinary Shares in issue.Having stated its intent on 5 September, the Company now announces the commencement of a further discretionary share buyback programme (the “ProgrammeR |
Posted at 04/10/2024 09:26 by hpcg They did not do a buy back the day of the director sale last week. They also don't buy back on days when the share price steps higher, because it is impossible by the buy back terms. |
Posted at 04/10/2024 08:41 by bigbigdave Still ongoing, its an advfn glitch3 October 2024 Funding Circle Holdings plc Transaction in own shares Funding Circle Holdings plc (the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of £0.001 each on the London Stock Exchange from Numis Securities Limited (“Deutsche Numis”) as part of its buy-back announced on 7 March 2024: Date of purchase: 3 October 2024 Number of ordinary shares purchased: 249,707 Highest price paid per share: 134.00p Lowest price paid per share: 130.50p Volume weighted average price paid per share: 132.4040p |
Posted at 09/9/2024 15:31 by hpcg johnrxx99 - per allstar4eva a direct calculation of the share count multiplied by share price. Most data providers are not up to date with a daily changing share count. |
Posted at 06/9/2024 18:47 by hpcg There were no buy backs yesterday, for obvious reasons as the price action meant the rules of the buy back could not be adhered to, but were back on the bid today. 150000 lots per day might be their new target given the share price hike. One would think that some more conservative funds might step in as this is clearly now a growth company and not a special situation.Rockwood Strategic Q2 factsheet (You'll have to go via the disclaimer) Extract in the commentary "Secondly, a new holding from last quarter, Funding Circle, (SME lending platform) has responded very positively to our engagement and announced a number of initiatives to recover, realise and unlock shareholder value. These include a £25m share buyback, a £15m costs saving programme, the sale of their loss-making US activities for £33m and changes to the Board. The shares rose 122% during the quarter, yet remain deeply undervalued, as they finally reach profitability with attractive organic growth prospects." It looks like they have discretion to run winners as a single issue limit is only at time of purchase. I'm sure they wouldn't want to be too overweight though, hence the trim. All shares owned by all unrestricted shareholders are potentially for sale everyday. "The Company intends to invest in a concentrated portfolio with the top 10 investments constituting the majority of its capital. There will be up to 10 ‘core' investments. Initial 'core' holding weightings are expected to represent between 4 to 15 per cent. of the NAV at the time of investment, although the Company will have discretion to invest up to 20 per cent. of NAV, at the time of investment, in a single holding or in the securities of any one issuer, if a suitable opportunity arises. The remainder of the portfolio is expected to be invested in a focused group of between 15-25 investments. These will meet the investment criteria but are where the opportunity to establish a ‘core' size investment has not arisen yet, or are more liquid corporate recovery/'special' situations where the targeted return objectives can be expected but where a large stake is not deemed necessary to influence or generate change." Fortunately they have been able to issue new shares and so they will keep money flowing in to real but under valued small businesses listed in London. Thankfully they understand buy backs and are not just pathetic dividend chasers. |
Posted at 05/9/2024 12:10 by devonlad That's a pretty stunning RNS, the further £25m share buyback will take out most of the free float, expect a futher squeeze on the share price Have add a lot today! |
Posted at 05/9/2024 06:52 by imjustdandy Any predictions for today's share price? I reckon we will test 1.20 today before a steady re rate. Broker forecasts of 1.70 and 2.10 respectively will be upgraded by tomorrow or early next week. |
Posted at 16/8/2024 11:07 by eigthwonder Odd one. And the second reduction by the same broker if memory serves. I do know that Deutsche and other big investment houses are wary of price targets a long way from current share prices and will grill the analysts in question to justify their targets. It doesn’t mean they don’t allow them (FCH case in point) but maybe it’s just too much hard work for the analyst to stick his neck that far out. And, more modest targets allows more chance for upgrades as you go along. |
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