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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 | 1.61% | 31.50 | 8,929 | 09:01:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 30.00 | 33.00 | 31.50 | 30.50 | 31.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Brokers & Dealers | 7.86M | 1.71M | 0.0802 | 3.93 | 6.62M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:00:11 | O | 8,929 | 32.85 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/6/2024 | 11:47 | ALNC |  IN BRIEF: Orchard Funding soars on "positive" trading update |
| 25/6/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Trading Update |
| 17/5/2024 | 12:41 | ALNC | Orchard to cease dividend payments after reconsidering AIM admission |
| 17/5/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Statement re Review of Capital Allocation Policy |
| 09/4/2024 | 11:18 | ALNC | Orchard Funding up as company contemplates cancelling AIM listing |
| 09/4/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Half Year Results, Trading Update and Review |
| 04/3/2024 | 12:45 | UK RNS | Orchard Funding Group PLC Holding(s) in Company |
| 01/3/2024 | 11:57 | ALNC | IN BRIEF: Orchard Funding shares sink after company hit by fraud |
| 01/3/2024 | 07:00 | UK RNS | Orchard Funding Group PLC Trading Update |
| 02/2/2024 | 09:39 | ALNC | Orchard Funding shares dive as eyes adverse impact after UK FCA review |
Orchard Funding (ORCH) Share Charts1 Year Orchard Funding Chart |
|
1 Month Orchard Funding Chart |
Intraday Orchard Funding Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/7/2024 | 21:58 | Orchard Funding - a niche lender new to AIM | 1,019 |
| 27/3/2003 | 12:36 | Ocean Resources Capital Holdings Plc. | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 12:00:12 | 32.85 | 8,929 | 2,933.18 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 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 31p.Orchard Funding currently has 21,354,167 shares in issue. The market capitalisation of Orchard Funding is £6,726,563. Orchard Funding has a price to earnings ratio (PE ratio) of 3.93. This morning ORCH shares opened at 31p |
Posted at 11/7/2024 15:28 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 12:04 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 17/5/2024 07:11 by pireric Never even heard of ORCH, but today's announcement in my own other words...We were going to delist eventually, but now the share price has shown any signs of life ever, we're going to make a news announcement that does not even make a decision, but will have the effect of screwing minority shareholders Amazing that the board can write an RNS like this that they know will only be taken extremely negatively. Why would you stop paying dividends if you're intending to tender the cash back to shareholders? Or do they want to buy out the minorities at tuppence? Eric |
Posted at 17/5/2024 07:07 by cwa1 Dividend a goner, de-listing the prefered option by an "acceptable" tender offer...17 May 2024 Orchard Funding Group PLC Update on the Review of the Capital Allocation Policy and the Continued Admission to Trading on AIM ("the Review") Orchard Funding Group PLC ("Orchard", the "Group" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, provides the following update on the Review having engaged with its key institutional shareholders. The Board is currently of the view that the benefits of maintaining the Company's admission to AIM ("Admission") are outweighed by the following factors: 1. the legal and regulatory requirements and associated costs of Admission; 2. the Company's inability to attract sufficient interest from institutional and other investors, in light of the material discount of the current market price of its shares to Net Asset Value; and 3. the low levels of liquidity in trading of the Company's ordinary shares. The Board believes it is in the Company's best interests to cease payment of dividends for the current financial year. The capital retained can be used to make, if appropriate, an acceptable tender offer to shareholders in the future and will be for the benefit of the business enabling management the strategic flexibility, when appropriate, to deploy funds to support the lending of the business. |
Posted at 09/4/2024 20:22 by topvest What leaves a somewhat sour taste is that the interims were actually quite good, even after the fraud charge. I personally think that Ravi has intentionally painted a very bleak picture before today's RNS so that the share price was on the floor before he starts offering an exit. For example, GAP insurance:"As over 20% of the Group's assets finance GAP insurance products (as at 31 December 2023, unaudited), the withdrawal of these insurance products is likely to have a material adverse impact on the Company's financial results over the current financial year." This was deliberately alarmist as in today's interims he states there was no impact in H1 and confirms that the existing book will run off over 3 years. There is just an H2 new business impact. Why did they not confirm that originally? They also scaremongered a bit on the fraud and have now revised lower. I just feel that Ravi has worked the share price down through making no effort. He will now possibly offer a bit more and get his hand bitten off without looking a total rip-off merchant. It's probably going very well from his perspective in terms of his plan to get everything back and he can dangle the FCA review on insurance premium finance on why its not going to be anything like book value. |
Posted at 13/1/2024 11:46 by florence141414 Well then that would make the opening sentence of the FY results somewhat misleading.‘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 2023.’ And the second sentence of the chairman’s statement. ‘This growth has been achieved in our core insurance premium funding markets.’ I’m not disputing the value on offer here at all. I’m just trying to be honest about my reasons for selling. I now see the risk of two types of 7AM RNS that will cause a major drop in the share price before market open at 8AM. The first that some sort of FCA restriction is being placed on insurance premium lending. The second that Ravi is taking the company private which I think he could probably do with just the support of one institution (although I haven’t verified this). I’m just choosing that I would prefer to be out before that happens whilst acknowledging that I will absolutely be kicking myself in a year or two if no such RNS has materialised and the share price has doubled. I’m not even saying that I think either scenario is more likely than the other but once I find it difficult to quantify the risk then it’s probably too high for my personal tolerance. Though I can completely see the argument that, at such a cheap valuation, others think the risk is worth taking. Or, like yourself, don’t see it as a risk at all. Fair enough. I’m also only responding as I was called out by name. I won’t respond or repeat these reasons again as I wouldn’t want to negatively influence potential new shareholders. |
Posted at 14/9/2023 15:47 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 22:06 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. |
Posted at 19/1/2023 10:09 by 97peter Slob, sorry to be blunt, but what has all that diatribe got to do with the ORCH share price and dividends??Please keep to point and some interest to ORCH investors on here! Or a report and removal may be needed! |
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