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FCH Funding Circle Holdings Plc

121.50
2.00 (1.67%)
13 Sep 2024 - Closed
Delayed by 15 minutes
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
  2.00 1.67% 121.50 461,070 16:35:22
Bid Price Offer Price High Price Low Price Open Price
122.00 123.50 124.00 118.50 123.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 146.8M -38.3M -0.1126 -10.92 406.48M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:06 O 1,538 121.50 GBX

Funding Circle (FCH) Latest News (1)

Funding Circle (FCH) Discussions and Chat

Funding Circle Forums and Chat

Date Time Title Posts
12/9/202413:43Funding Circle - giving power to SME's270
29/5/202407:37Funding Circle 2024 Multi Bagger103
11/5/202408:54Dodged a Bullet here then !161

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Funding Circle (FCH) Most Recent Trades

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Funding Circle (FCH) Top Chat Posts

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Posted at 14/9/2024 09:20 by Funding Circle Daily Update
Funding Circle Holdings Plc is listed in the Computer Programming Service sector of the London Stock Exchange with ticker FCH. The last closing price for Funding Circle was 119.50p.
Funding Circle currently has 340,154,340 shares in issue. The market capitalisation of Funding Circle is £418,389,838.
Funding Circle has a price to earnings ratio (PE ratio) of -10.92.
This morning FCH shares opened at 123p
Posted at 09/9/2024 16:31 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 09/9/2024 16:08 by johnrxx99
hpcg, as at 6 Sept, FCH CV was GDP387.3m according to Sharescope. Where did you get 434m from please?
Posted at 06/9/2024 19:47 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 13:10 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 07:52 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 12:07 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.
Posted at 10/7/2024 16:39 by eigthwonder
Sufficiently underfollowed, underowned and undervalued that share price moves more likely to be in big legs rather than steady gains as results/announcements bring material shifts in perceptions
Posted at 10/7/2024 12:14 by hpcg
Decent sized position here for me. There isn't much to say is there? The US unit sale was an upside surprise. One imagines the buy backs continue. I personally have a positive view of growth for the UK assuming planning restrictions are cut back. This should be good for small companies because it will be domestic and local growth. It should also be good for Funding Circle borrowers; domestic banks just aren't interested in business lending at a small scale. Lower rates make risk free slightly less attractive for lenders. It's now up to the company to demonstrate its own profitability and growth.

The buybacks will need to churn through mechanical 1 bagger derisking strategies for however long that takes whilst obviously there are new buyers all the time too; one can see that from the delta between buybacks and other trades. Ultimately though it is the performance of the company that will determine the share price trajectory. Worth observing that listed companies continue to be hoovered up and this cash will be recycled to attractively positioned companies.
Posted at 25/6/2024 15:05 by edmate
Really dissapointing response in share price given that news...
Posted at 29/5/2024 12:20 by hpcg
Share price should have risen on the RNS, though note that the rules for the buy back moderate how it can be applied as price increases. There will be plenty of churn at this level from mechanical selling from those that have doubled. I've never understood that approach, but there we go. I have added substantially today having only been purchasing north of 75p. It is trivial to see this doubling in a year, with the next catalyst being the NA sale, where any financial return is a bonus. I'd love a license deal for the tech.

On the buy back for the existing facility, it's about 20% through, with between 160 trading days at the current price, and 80 days at 160p, remaining. Money will run out before the share count allowed at the 2023 AGM, but in any case the max buy back quantity of shares was increased at the recent AGM.
Funding Circle share price data is direct from the London Stock Exchange

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