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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Orchard Funding Group Plc | LSE:ORCH | London | Ordinary Share | GB00BYZFM569 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.50 | 1.92% | 26.50 | 51,040 | 09:06:42 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 26.00 | 27.00 | 26.50 | 26.00 | 26.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Brokers & Dealers | 7.86M | 1.71M | 0.0802 | 3.30 | 5.55M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:23:33 | O | 15,000 | 26.74 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 10/12/2024 | 16:45 | ALNC |  Orchard Funding shares jump amid strong full-year growth |
| 10/12/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Final Results |
| 07/11/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Change of Adviser |
| 25/9/2024 | 06:00 | UK RNS | Orchard Funding Group PLC Director/PDMR Shareholding |
| 06/8/2024 | 11:42 | ALNC | Orchard Funding takes hit as largest customer goes into administration |
| 06/8/2024 | 06:00 | UK RNS | Orchard Funding Group PLC Trading Update |
| 31/7/2024 | 06:00 | UK RNS | Orchard Funding Group PLC Change of Auditor |
| 25/6/2024 | 10:47 | ALNC | IN BRIEF: Orchard Funding soars on "positive" trading update |
| 25/6/2024 | 06:00 | UK RNS | Orchard Funding Group PLC Trading Update |
| 17/5/2024 | 11:41 | ALNC | Orchard to cease dividend payments after reconsidering AIM admission |
Orchard Funding (ORCH) Share Charts1 Year Orchard Funding Chart |
|
1 Month Orchard Funding Chart |
Intraday Orchard Funding Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/12/2024 | 07:48 | Orchard Funding - a niche lender new to AIM | 1,109 |
| 27/3/2003 | 12:36 | Ocean Resources Capital Holdings Plc. | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-13 16:23:34 | 26.74 | 15,000 | 4,011.00 | O |
| 2024-12-13 11:40:58 | 26.33 | 26,644 | 7,015.37 | O |
| 2024-12-13 09:06:44 | 26.33 | 9,383 | 2,470.54 | O |
| 2024-12-13 09:06:42 | 27.00 | 3 | 0.81 | O |
| 2024-12-13 09:06:42 | 26.00 | 4 | 1.04 | O |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 by Orchard Funding Daily Update Orchard Funding Group Plc is listed in the Security Brokers & Dealers sector of the London Stock Exchange with ticker ORCH. The last closing price for Orchard Funding was 26p.Orchard Funding currently has 21,354,167 shares in issue. The market capitalisation of Orchard Funding is £5,658,854. Orchard Funding has a price to earnings ratio (PE ratio) of 3.30. This morning ORCH shares opened at 26p |
Posted at 10/12/2024 17:10 by davidosh Eps is still 7,39p and the company could easily pay a 3p dividend.By not paying it the company is less attractive to new investors and the share price remains down in the doldrums so that Ravi can pay as low a price as possible in any tender if there is one. We should be receiving a fair offer close to the NAV or our investment in the company to help it grow is being stolen from us. I will also be at the AGM to ask ALL the board a lot of questions. |
Posted at 10/12/2024 16:34 by checkers2 I wonder too if these impairments are exagerated, in order to keep the price and expectations down, because otherwise business seems to be good. |
Posted at 10/12/2024 07:17 by cwa1 Full Year ResultsFor the 12 months ended 31 July 2024 Orchard Funding Group PLC, the finance company which specialises in insurance premium finance and the professions funding market, is pleased to announce its audited full year results for the year ended 31 July 2024. Highlights · Lending volume is up from £99.87m in 2023 to £114.70m in 2024 (14.85%) · Loan book (post ECL provision) is up from £58.99m in 2023 to £66.98m in 2024 (13.54%) · Borrowing is up from £34.72m in 2023 to £40.22m in 2024 (15.84%) · Gross total income in the period increased by 22.65% to £9.64 million for the 12 months to 31 July 2024 (31 July 2023: £7.86 million) · Net total income is up from £5.60m in 2023 to £6.89m in 2024 (23.04%) · Profit after tax fell by 8.19% from £1.71 million (31 July 2023) to £1.57 million · Operating costs (excluding impairments) are up from £3.30m in 2023 to £3.60m in 2024 (9.09%) · Expected credit losses and other impairments are up from £0.14m in 2023 to £1.17m in 2024 · Earnings Per Share ("EPS") fell in the period by 7.91% to 7.39p (31 July 2023: 8.03p) · As reported to the market on 17 May 2024, the directors do not intend to propose a dividend · We have increased borrowing availability by £3.00 million over that available last year Further detail on the above is given throughout the Group strategic report on pages 4 to 12 of the full financial statements. Ravi Takhar, Chief Executive Officer of the company, stated: "Our business is resilient. We have had to endure a number of impacts to our group during the year and notwithstanding those impacts, we have continued to trade confidently and profitably. We enter our 10th year as a listed company with the benefit of our accumulated experience, our loyal staff, excellent funding partners and market leading and cost-effective IT. We are therefore optimistic about the prospects for the business going forward." |
Posted at 25/9/2024 07:49 by cc2014 And how exactly does any independently managed trust let it's assets transfer at 15p when the share price is where it is.Perhaps it's hold over relief and tax planning but then it's not independently managed is it? |
Posted at 25/9/2024 07:24 by cwa1 25th September 2024Orchard Funding Group PLC Director Shareholding Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, confirms that on 20 September 2024, Ravi Takhar, the Company's chief executive officer acquired 527,126 ordinary shares in the capital of the Company ("Ordinary Shares"), previously held by an independently managed trust of which he is a beneficiary (the "Trust"). Following the transfer, Ravi Takhar is holding 12,213,541 Ordinary Shares in the Company representing 57.20% per cent of the Company's voting share capital. Price(s) Volume(s) 15p 527,126 |
Posted at 11/7/2024 14:28 by davidosh 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 |
Posted at 10/7/2024 11:04 by unglove Hi 97Peter, the company is doing better than expected (as you mention) as per recent RNS. Therefore, come December report the share price might increase. My reason for suggesting buyout in Autumn is that share price is in doldrums and they can probably buyout for less. I think many PIs as well as institutional investors buy and sell in 10000-20000 aliquots. I do. Liquidity is minimal currently with tiny volumes in terms of monetary value.Reasons for buyout not to go ahead would be major re-rating of share price or loss of support of institutional investors and this seems unlikely. If the buyout did not go ahead then I would expect a much higher dividend to try and obtain new investors.Your predictions were very precise and would be interested in your reasoning. |
Posted at 14/9/2023 14:47 by cwa1 I keep rubbing the minuscule blue spot showing beside the ORCH share price today-but it doesn't seem to want to go away. Is my laptop screen broken? |
Posted at 27/7/2023 21:06 by valuewinsout I think the idea of getting a resolution at the AGM is a good one- but what would you like to put forward? I proposed a share buyback to Ravi by email but he doesn’t want to do it. I think that he doesn’t have an incentive to raise the share price because he can realise the true value ( above the current share price) if and when he wants to sell- he could probably sell the company to a bank at considerably higher than the current share price- because it’s valued at 50% of book price. Until then he can collect the dividends. However- a share buyback would be in his interests because then the same total dividend payment can be split between fewer shares, so it will be higher per share, and he will collect more money by keeping his existing holding, and it will be in our interest because it will boost the share price, plus raise the dividend payment. So I think that we should propose this at the AGM. The other thing a group of shareholders could ask for is a board seat. I have a fairly small holding but would be happy to vote my shares in favour of either of the these things. |
Posted at 12/2/2023 00:28 by valuewinsout Rainmaker: you make an excellent point. Buying back shares when they are valued significantly below book price is accretive to shareholders. It's preferable to e.g. returning capital via a special dividend, since any subsequent gains in the share price would be taxed as a capital gain, vs a special dividend being taxed as income, which is usually at a higher rate for most shareholders.I would welcome a share buyback: it would be a signal to the market that the management are concerned with boosting the share price, so it reflects a more realistic valuation. The only issue with a share buyback is that Orchard uses its capital, to support it's lending: so if it buys back shares it will have to borrow more in order to lend. However, I think that it could easily buy back a limited amount e.g. £1M as you suggest which would be great for the share price, helping to put a floor on the share price closer to book price rather than significantly below it, as it is now. The remaining shareholders would see their shareholding increase in value, as you can currently buy 75p per share of ORCH assets for 44p in the market, due to the current share price. Earnings and dividends would be higher every year subsequently: so I think it's a win-win. |
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