Orchard Funding Share Discussion Threads

[cwa1] 19/12/2023 08:10

Boring, I know, but the last 5 ex-dividend dates have been: 13/12, 12/12, 10/12, 9/12 and 22/12 but this year, as far as I can tell, there's STILL been no notification. Surely, as KP says, this is most odd? Or am I the only one anal enough to be concerned about these sort of things? :-)

[konradpuss] 14/12/2023 09:08

I guess we will have to wait the Report & Accounts.

Most odd.

[cwa1] 14/12/2023 08:33

STILL no information on the dividend payments schedule? Don't think I've seen that at a company before. OCCASIONALLY you see a separate announcement-but on those rare occasions it is usually alongside the Finals. It's IN the previous two RNS finals releases and couldn't be bothered looking back any further than that. Anyone got a handle on this?

[konradpuss] 13/12/2023 18:04

davidosh, my view is that the listing is probably negative for Peter err! Ravi right now.

If he is in this for the long pull then he must suffer the vicissitudes of the market.

I am very negative borrowed money with short end dates. What he should concentrate on is putting in place a much longer term funding source - ideally equity, however that would dilute him and us. At this discount to NAV it should currently be avoided.

Oh and the other important thing is to carry on growing the business.

Very happy he is stepping back from property bridge loans. Caravans/mobile homes could be much more interesting.

[davidosh] 13/12/2023 17:30

I think any thought of takeovers should stay firmly out of mind.

With a controlling shareholder it does not matter who comes knocking, and they probably have at this low level, it ain't going to happen. Ravi did not list the company without firm intentions of growing it and making use of the public quote... therefore to simply sell out unless the price was surely so tempting that it would look a huge success so we are talking at least £1.50 to show progress from the IPO.

Ravi is comfortable and still runs the company and gets paid salary, bonus and dividends whether the share price stays here or not. If he gets out of bed the wrong side then the delisting option becomes a worry for me.

What do we all see as the value to Ravi by having that listing?

[konradpuss] 13/12/2023 16:50

Now your talking - a nice buyout at a good premium from a competitor.

[davidosh] 13/12/2023 10:31

AGM and full report info...

A copy of the report and accounts for the year ended 31 July 2023 will shortly be posted to shareholders and a copy will be available to download from the company's website at www.orchardfundinggroupplc.com. Accompanying the report and accounts is a notice convening the company's annual general meeting, to be held at 10.00am on Thursday 11 January 2024, at 222 Armstrong Road, Luton, Bedfordshire LU2 0FY. A copy of the notice of AGM will also be available to download from the company's website.

[konradpuss] 13/12/2023 09:26

And what does Mr.Market think of the results..........

I think it is better to look at this as a 'private company' until it is taken over or taken private.

[konradpuss] 13/12/2023 08:09

CWA1, I think you are right. This information will, I guess be in the annual report. Odd it is not in this release.

Happy to hear from the company twice a year with most metrics going in the right direction.

[cwa1] 13/12/2023 07:56

Happy enough on the first glance

Have I missed something? Can anyone else see the ex-dividend and dividend payment dates that are normally included in a finals announcement?

[galles] 13/12/2023 07:39

Growing business, now at 21% earning yield, 8% dividends, very conservatively run. Just lacks the excitement ?

[playful] 13/12/2023 07:08

He finished that statement before the kettle boiled.

[97peter] 01/12/2023 14:27

Maybe a new investor seeing the light and buying in?

[battlebus2] 01/12/2023 14:00

UT trade again above offer price.

[97peter] 16/11/2023 09:37

KnPuss - Great to hear and I think the share price is turning in the right direction. We should get a date for AGM and divi announcement soon! Once interest rates come down in 2024, plus Gaza situ and Ukraine situ are sorted, the world and stock sp’s can bounce?

[konradpuss] 15/11/2023 21:11

Two wars, a bad set of politicians, high interest rates inflation and a total lack of investor interest in most U.K. quoted companies. Also note what many listed companies are doing - buying back their own shares. They obviously feel they would rather not risk investing in new areas of business rather consolidate what they have at below intrinsic value.

Well are we surprised at the share price?

When I bought my stock (above this share price) I bought a small part of the business.

I was and still am happy with the price I paid. As I said before 'only monkey picky

bottom'.

[cowie19] 15/11/2023 18:07

just out the stalls but 4 miles to go I think

[cwa1] 15/11/2023 10:18

Off to the races at last?

[cwa1] 14/11/2023 10:20

Minuscule speck of blue has appeared against ORCH...

[battlebus2] 02/11/2023 14:58

True Konradpuss but unlikely.

[konradpuss] 02/11/2023 14:47

battlebus, I believe that quite a few golf clubs have close anyway as none of the young have time to spend five hours playing a round of golf and then pontificating in the bar.

I think a few private schools might close when VAT goes on school fees after Labour get in. Now did you see what I did there?

As to property any bank with loads of exposure to offices/commercial property (think Handelsbanken in the U.K.) will suffer some pain now and for some considerable while.

Now I am not predicting a depression although you never know. Who was predicting a banking crisis in 2007? Not many.

[davidosh] 02/11/2023 14:45

Why would Ravi not see any benefit in meeting investors at this conference?



If investors have cash and want to pick the bottom and trust management teams before they invest then this is the time to be out there introducing Orchard.
He may pick up some business too.