Orchard Funding Share Discussion Threads

[davidosh] 20/6/2023 10:07

This was last year in June...


Trading Update



Orchard Funding Group, the finance company which specialises in insurance premium finance and the professions funding market, provides the following trading update for the nine months ended 30th April 2022 (the "Period").

As a result of our strong performance in the Period, driven by higher than anticipated income and careful management of costs, the Board now expects profit after tax for the year to 31 July 2022 to exceed prior expectations by over 25 per cent.


....There has been nothing announced since the interims in April and next month is the year end so are we likely to have to wait until November or even December for the next update? It was 1st December for the results last year and a Christmas Agm which is very, very poor investor relations.

I will try to get Ravi to do another presentation as this is a totally unloved, below the radar company paying a very significant dividend at this level so long as trading is ok.

What are the official expectations for the year ended July '23 and then 2024?

[battlebus2] 20/6/2023 09:00

More selling than buying unfortunately

[galles] 20/6/2023 07:25

Just don't understand the weakness.

[konradpuss] 07/6/2023 16:04

In comparison, mine is a small holding!

[battlebus2] 07/6/2023 15:53

🤣 you sure do

[playful] 07/6/2023 15:49

I have a tidy holding too

[cowie19] 07/6/2023 15:04

I have 17.5k currently.

[battlebus2] 07/6/2023 13:05

I’d say close to 12%.

[battlebus2] 07/6/2023 12:50

I’m comfortable, happy for more income focused stocks as retirement creeps closer.

[cwa1] 07/6/2023 12:43

That's a bold holding BB2 :-) I've got handful but not in your league!

Wonder what the collective holding of the posters on this BB might be?

[konradpuss] 07/6/2023 12:39

Battle, make sure you are happy with the margin to reflect the illiquidity of this stock.

Personally, I am however I do not hold as much as you. Pondering if I should.

[battlebus2] 07/6/2023 12:34

Took a few more at 44p. Decent holding in the company now and will likely reinvest the dividend.

[battlebus2] 07/6/2023 12:13

X dividend tomorrow for 1p but unfortunately some can’t wait 🤣. Patience required like most stocks at the minute.

[konradpuss] 07/6/2023 12:10

Only monkey picky bottom!

[cowie19] 07/6/2023 11:52

What a badly timed purchase at 46.38 the other day Ho hum still like this.

[konradpuss] 07/6/2023 10:51

I think that these folk's business model is well suited to bad times.

Your average punter is cash starved so puts his/her/its insurance 'on the book'.

If they don't pay in month five, the policy is cancelled and Orchard does not lose.

[cwa1] 07/6/2023 10:29

We seem to be heading back down again :-(

[cowie19] 02/6/2023 11:00

Just picked up 7500 @ 46.38 showing as a sell

[battlebus2] 22/5/2023 20:41

Added a few more today.

[gbcol] 18/5/2023 13:14

I hope you are right BB. I tend to be patient, often over patient with my investments, taking a long term view but this one has irritated me, probably more than it should have. I have other sectors that I understand better but got this for some diversity. It hasn’t gone particularly well so far but to be fair I’ve had plenty worse. We will see.

[battlebus2] 18/5/2023 12:45

I think you’re being a little short sighted. This is a steal at the current price given the company’s track record of profits and dividends. At some point we will see a rerate or even M&A. Happy to have ORCH as my top holding.

[gbcol] 18/5/2023 12:19

Keep going battlebus2. This has been a poor investment for me which frankly I didn’t really research properly but if you can get it to around 52-55p I’ll happily move on.

I think there is definite potential here but I don’t like the lack of shareholder engagement or the fact that such a high percentage of the shares are held by one person/family.

[battlebus2] 18/5/2023 10:43

Added again.

[battlebus2] 16/5/2023 11:01

At some point our 20k seller will be finished.

[battlebus2] 16/5/2023 10:31

I thing buying anything under 50p is a complete bargain. Doesn’t mean the market does though. 🤣