Orchard Funding Share Discussion Threads

[davidosh] 16/1/2023 23:36

The Mello presentation and Q&A has been edited out of the show and is available to put on the website as very useful for investors.

[battlebus2] 16/1/2023 16:54

Mine too. Poor day with a few top holdings down.

[fozzie] 16/1/2023 16:27

Just puts the tin hat on my day!

[battlebus2] 16/1/2023 16:13

Impatience or maybe some are linking it to insurance co PW

[97peter] 16/1/2023 16:09

Why all the sells Friday and today? The share price and the company are doing well. Why sell? Strange, especially after the Mello presentation and future growth and increased profit and contracts??

[cwa1] 06/1/2023 07:52

Nice to see that ORCH dividend nestling in the account first thing this morning! Gives a warm glow whilst we await a re-rate ;-)

[97peter] 04/1/2023 16:41

GBCol, it won’t be long before the presentation , Q&A sessions and FAQ’s for investors is on there! Plus Ravi who I will be catching up with tomorrow is putting in place betterrespi see times as more emails for investors to send questions to, including his sort e mail.
I will also be trying to put more updates and news via ADVFN andLSE BB .
GLA
DYOR

PS - I am heavily invested here and so some of my over positivity, is due to knowing more about Orchard, plus research!!! Read about their SaaS , which again will be published very soon via Investor relations andOrchard Funding Group PLCweb pages.

[gbcol] 04/1/2023 15:43

97peter it would be very useful if they could get that presentation onto their website.

I bought a few more today too although both your shareholding and optimism is considerably higher than mine. That said, share price has popped up to 60p a few times over last couple of years, and will hopefully do so again before too long. In the meantime, the divi is decent.

[galles] 04/1/2023 15:13

Default rate is extremely low. They have agreements with organisations whereby the any failure by the borrower will be footed by the organisations. Very safe. And that was the reason why ORCH did not go further into say football season tickets etc.

[97peter] 04/1/2023 14:27

Cowrie, definitely buys!

[97peter] 04/1/2023 14:10

Ammons, if you watch the Orchard Presentation on Mello. You will see and hear that 90% of Orchards lending is insured/ covered! Plus the SaaS they use also mitigates losses or failures very well! This may be a slow steady eddy share, but a solid one!

[ammons] 04/1/2023 14:07

How might this share react to a loan default? Possible in the coming reccession? According to LSE this company has a market cap of only £10m. Tiny.

[cowie19] 04/1/2023 13:56

These are showing as sells

[97peter] 04/1/2023 13:53

Topped up today with another 26,636 and 25,000 shares at ridiculously low share price Of 47p. This share will raise in Q2 as UK recession ends and markets and investors turn upwards. The Ukraine war will be resolved?? Plus Chinaand US markets will regain!
Orchard is a fabulous company, well run and on the up! With a 6-7% yield and 3p divi per year , what’s not to like!

[cwa1] 03/1/2023 13:40

Afternoon Rainmaker

It's obviously impossible to tell for sure-but as the trade was timed at 9.34am, when the spread was 47-48p, my money would be on a sale. However, I'd agree with anyone that says you can't tell for sure either way!

Re ADVFN trade logs, I think you can be absolutely certain how they mark the share trade definitions-any price above mid(at the time of trade print) is marked as BUY, below as SELL and on mid as ? BUT you can be certain that it's very often an incorrect "guess" as you can often buy below mid and the converse, not to mention the effect that a delayed trade, etc. has...

Anyway, as an "old timer" like yourself clearly knows you need to take their trade definitions with a whole slug of salt!

And, yes, I'm a happy holder too

[rainmaker] 03/1/2023 13:27

I'm pretty sure that trade of 138,500 @ 47.35p with the market opening at 46p bid, 48p offered,is a purchase. Long experience has taught me not to put too faith in ADVFN's purchases and sales figures. I'm a happy holder here and with a dividend yield of over 6%, to keep me company, I'm being(well)paid to wait.

AIMHO, DYOR

regards

[playful] 03/1/2023 11:16

I am standing firm here its way too cheap in anyones book!

[cwa1] 03/1/2023 10:52

Happy New Year to all

I see a "reasonably" sized trade at 9.34am for 138,500 shares at 47.35p. A sale, I would assume. Has this been holding the share price back and is now "out of the way", or is there more behind it?

FWIW I added to my holding this morning before seeing that, just based on what APPEARS decent value to me, with an added 6%+ yield whilst I wait for that value to be outed in the fullness of time.

I note the share price has fallen back pretty much all of the way since the recent presentation(albeit it has gone XD for a chunky 2p during the timescale!)

Fingers crossed and hoping for a better year...

[rainmaker] 30/12/2022 00:23

However given the opportunity, I would encourage Ravi to purchase the Company's shares for cancellation which imho is a "no brainer" given the share's historically low share price, a large discount to the rating of its sector and a huge discount to the Company's intrinsic value however you choose to measure it. We're also trading at a ridiculously cheap, two thirds of net working capital-consider this as proxy for a company's minimum liquidation value as legendary Stockmarket Value Investor Ben Graham noted that a company could not be liquidated for less than this figure.

Orchard Funding are both lightly geared and financially stable. A share buy back makes absolute sense since it would boost earnings, net assets and dividends per share, flattering ROE to boot whilst simultaneously sending an unequivocal and very positive message to the market in the company's long term future. IMHO even a modest purchase of say 500,000 shares would have a dramatically positive impact and send the shares flying.

We can't help the derisory rating the "Market" currently gives such a business but the management can take full advantage of such an opportunity to everyone's benefit.

AIMHO, DYOR as I have done mine.


regards

[rainmaker] 29/12/2022 23:44

A successful "tree shake" by the Market Makers, dropping the bid by 2p and widening the spread to 4p to 46p/50p and to attract selling, helping them to reduce their exposure following large buying after their positive results at the beginning of this month.

A long term holder and far more interested in the long term operating performance of the underlying business than gyrations in the sale price.

AIMHO, DYOR as I have done mine.

regards

[gbcol] 22/12/2022 13:26

Thanks for that 97peter. IMO those steps to better investor relations communication will be very welcome. You only have to go back to the results - which appeared a decent set, but there was zero reaction to the share price I believe it was only off the back of the investor presentation some time later that we saw a bit of upward movement.

I’m generally LTBH but put a bit into this as a bit of a speculative one and for a bit of diversification having got some of their bonds. Let’s see how it shakes out over next few months.

[97peter] 22/12/2022 13:06

gbcol and others stay the long game and patience! A few speculative sells at 51p and it will settle back above 50p in the New Year!
One for all, after chatting with CEO - Ravi p, he has agreed to update the Invedtor relations web pages to, have the presentation on them, plus answer all Q&A’s, plus have a FAQ page. Aldo he has agreed to have all investor relations questions sent to his e mail so he can respond to any questions within 2 days. As well as posting a newsletter monthly on labs, updates and we’re new business is coming from. I have also asked him to put on there what the two major SaaS services we promote and sell, Lendxp and the Open banking Yrustloop.
I also have to admit openly I work as a consultant for Orchards Cyber Security and also own just under 3% of Orchard.

[battlebus2] 22/12/2022 11:42

A lot of shares drift more than the dividend on ex date but should recover over the weeks and months especially when some of us add back with said dividend.

[gbcol] 22/12/2022 11:32

Trouble is the 4-5p drop in share price rather takes the gloss off of the 2p dividend! I suspected that I would regret not getting out when I briefly got back to break even after the results but I optimistically hoped it would push on nearer 60p after he presentation.

Presumably there is unlikely to be any further news for some months now, so it’s difficult to see anything but further drift down in share price

Are any of the more knowledgeable and longer term holders here able to give any reason for optimism? TIA.

[battlebus2] 22/12/2022 09:00

That’s Christmas 🎄 paid for.