Orchard Funding Share Discussion Threads

[unglove] 06/8/2024 14:16

Correction *Aioi Nissay Dowa Insurance - my iPad altered my text :(

[unglove] 06/8/2024 14:14

@Valueman94 - thanks for your insight. My understanding is that Orchard's main competitors for its specific business are Close Premium Finance and Premium Credit. Toyota Motor Insurance are underwritten by Aioi Nissan Dowa Insurance and they may well not be into Orchard's market.

[kemche] 06/8/2024 11:23

Does anyone have a spare straw?

[davidosh] 06/8/2024 11:10

This gives me some comfort....

Your policy will now be administered by Toyota Insurance Management UK Limited.

Do not want Administrators charging huge fees for the collections and then Orchard only getting 50p in the pound

[kemche] 06/8/2024 09:07

It's neverending. Any more in the pipeline?

[valueman94] 06/8/2024 07:54

I had to double read it myself. I knew for certain we don’t lend money to businesses. Just business’s customers. It may make the 16.7m current receivables turn to non-current. Which means management have an excuse to potentially impair the assets. Which would reduce the reporting income for the year end.

[cc2014] 06/8/2024 07:48

I for one misread the RNS. But, there must be some impact else they wouldn't have released the RNS.

[cc2014] 06/8/2024 07:40

It appears Nukula entered administration on 12th July 2024 so make of that what you will

[valueman94] 06/8/2024 07:36

Are people misunderstanding? It’s the money we let to the CUSTOMERS of insure that. Not insure that. No doubt that there will be a delay in collections. If HSBC went bust, would I still have to pay my mortgage?

[playful] 06/8/2024 07:03

This is becoming comical now.

Shares will probably be suspended at the companies request and then Ravi will eventually table a 10 penny bid to everyone in his lobster pot.

[cc2014] 06/8/2024 06:51

Once a red flag always a red flag.

A complete mess

[cowie19] 31/7/2024 23:17

A nice bid at 84.9p please. lol ain’t gonna happen but this is what it is worth.

[konradpuss] 31/7/2024 21:44

Change of auditors. From one 'so so' to another 'so so' firm.

If the CEO wanted to 'clean the house' he would have appointed one of the big names e.g. KPMG etc.

Would they have them?..............

Come on Ravi make the bid. Stop dancing around the handbags.

[muffster] 11/7/2024 20:58

Gresham House Micro CAP has a large holding here. Their exit strategy will be to maximise shareholder value.97P aka Ravi, reinstate dividend and attract inward investment. You're growing@20% this year

[davidosh] 11/7/2024 16:22

At 38p I would make a huge percentage loss on my holding and I would not accept that. Furthermore if I feel I am getting ripped off I will be happy to make a big noise about it.

A financing company requiring trust from its customers does not want big noises and a whiff of unreasonableness in the air.

I am sure Ravi is trying to work out what is best for all shareholders


Maybe Ravi should call a meeting for shareholders without the need for an EGM which is far better

[konradpuss] 11/7/2024 15:06

Ravi errrrrr Peter I am a serial litigant. In any case I think there are another share holders with enough stock to get to 25% to stop a take out at 38p. Turkeys do not vote for Christmas!

[valueman94] 11/7/2024 14:58

I’ll attend EGM under the condition Peter isn’t present. Sorry Peter but you have too much conflict of interest with your personal IT consulting business with Ravi.

[97peter] 11/7/2024 14:51

Konrad do you have enough to stop it?

[konradpuss] 11/7/2024 14:48

At 38p Ravi errr! Peter, over my dead body.

[97peter] 11/7/2024 14:45

Not at all mum I jumbo, if he offers 38p and 75% say yes, then he has the company private!!

[davidosh] 11/7/2024 14:28

97peter said...

The average for the year is now down to 42p, see the FTSE charts and LSE charts. So if in 3 months we are at a low of an average if 34-36p a share then Ravi could offer 38 or 40p and take Orchard private!!

My question...

What is all this mathematical mumbo jumbo? Takeovers and take private deals are not based on averages of the share price in the past year.

In deals recently I have had my shares bid for at prices varying from 20% to 168% above the share price on the day of the announcement. It is always down to what the buyer can afford to pay and what sellers will accept. My worry here would be that if Ravi is the only game in town he will offer very little premium. We can stay strong and refuse and of course as a listed company looking to have a trusted name to do business then bad publicity is not good so he needs to be fair and reasonable

[orchardholder] 11/7/2024 14:22

Whoever wants to organize an EGM, feel free to count in my 1.5% (311K shares)

I believe it won’t be necessary though – all we need is patience ;-)

[davidosh] 11/7/2024 14:19

I cannot speak for Stuart but I know his RNS said he now holds below 3%

There were new investors who picked them up and certainly some 2% holders on here I think. At least an EGM would gain communication and an understanding from ALL the board attending to let us shareholders know what is going on and likely future here.

[97peter] 11/7/2024 14:16

It would Beto either re-instate the small 2p and 1p divis in August and December respectively? Second would be either offer 42p and do a buyout or re-instate divi as above.
Third would be to give more info on the fraud.
Fourth to give us some 6 monthly results and forecasts and plans for remainder of 2024?
Just simple points but needed by all?
The average for the year is now down to 42p, see the FTSE charts and LSE charts. So if in 3 months we are at a low of an average if 34-36p a share then Ravi could offer 38 or 40p and take Orchard private!!

[konradpuss] 11/7/2024 13:07

David, did not Stuart Hawthorne sell his shares?

I really like the EGM idea.