Pcf Share Discussion Threads

[stav13] 26/10/2020 17:01

hTTps://www.experian.co.uk/blogs/latest-thinking/identity-and-fraud/pcf-bank/

[the millipede] 12/10/2020 10:48

FWIW I have made the mistake of believing bad news is priced in too many times now. I don't think it ever is really, especially on aim. It makes sense if you think about it I guess - before disaster strikes there is always some chance it won't happen, and the share price will normally reflect that chance, even if only a bit. I think it is worse on AIM though because with small free floats a few small sellers can shift the price downwards quite a large amount. (The converse is also true - a few small buyers can sometime shift the price upwards significsntly.) Anyway, that said I think there are reasons to be cheerful. Used motor finance might become more popular if wages go down and people want to spend less on a car. Meanwhile the housing market is booming, at least round here. Increasing unemployment might well lead to a general increase in defaults but it is entirely possible still that a lot of this thinking is unnecessary catastrophising. Indeed, quite a lot of people have more disposable income because of the lockdowns and restrictions. And some firms are finding their employees willing to take pay cuts to save jobs. I think a well run, small and nimble disrupter like PCF could prosper in those conditions.

[cc2014] 08/10/2020 08:05

I've still here Graham although I'm still sitting on the sidelines. The risk reward is very difficult to work out given it's hard to tell what the level of bad debts/impairments is going to be. I can't help but feel as unemployment rises things are going to get tough for all lenders. We could discuss whether that's already in the price but I don't think it is.

[graham1ty] 08/10/2020 06:22

Thanks solarno. Over the last five years Somers has been slowly diluted by fundraisings. They would always stand their corner if needed, but also expect over time to be diluted. This flies in the face of that trend. Is it because they are just an investment fund, and they currently see good value ? Was there a forced seller, who just needed taking out ?

[solarno lopez] 08/10/2020 05:39

Under the rules they will be allowed to acquire 2% every year without triggering a bid

[graham1ty] 07/10/2020 17:09

Am talking to myself on this thread !!!! Investor community has completely turned away from PCF, and until we have some numbers......will remain unloved. Re Somers, I wonder where the stock came from ? It cannot have been bought in the market. I wonder if a seller popped up, of 5m shares, and no home could be found. And Somers just picked it up to stop it getting dumped ?

[graham1ty] 07/10/2020 13:09

Somers Ltd increasing its holding by nearly 5m shares (2%). I am being ignorant re the Takeover Code, but how have they done this ? They must have a whitewash from years ago, but am surprised they can go higher without triggering something ? And wonder where 5m shares comes from ? Brings the free float down to just 20% of the issued capital

[graham1ty] 06/10/2020 11:47

Really disappointing reaction to the trading statement. Loan book growing, new business and good Prime business. But until uncertainty of impairments is cleared up, the price looks like it will languish until December......

[graham1ty] 02/10/2020 14:14

Hey, ho. Straight back down again. Looks like we will be 18p for another 2-3 months......

[geraldus] 01/10/2020 15:08

Just shows the importance of experience hands at the helm when in unchartered waters.Hoorah for Captain Scott and his crew.Could even come to the aid of a distressed competitor by buying them out on the cheap.A noggin of rum all round.

[graham1ty] 01/10/2020 13:10

Tipped again by Simon Thompson in the IC. Has not had any impact. ST has tipped PCF 3/4 times in the last year and it is not responding, and readers are not believing it......

[rightnellie] 01/10/2020 10:54

and recently -bridging finance - useful in the rush to complete house sales before the tax break ends. Lots of housing market interest and movement at present but come spring 2021 I think it will become a very very different story

[rightnellie] 01/10/2020 10:49

Agreed Tongosti - steady in face of the pandemic and likely to continue to grow. I like the mix of loan areas cars:films:motor homes:small business - an interesting mix

[tongostl] 01/10/2020 07:14

Well I'm in. PCF is clearly a very well run company.

[graham1ty] 01/10/2020 07:14

Opened with more of a whimper than a bang. It will take a bit more time for investors to reengage with PCF.....

[graham1ty] 01/10/2020 06:45

Pretty happy with that. PCF continues to grow, continues to move to prime categories, making it more resilient. I hope Peel Hunt can generate some new interest. Feels rather “stale” at the moment, with no one looking, either positive or negative.

[igoe104] 01/10/2020 06:14

That's a extremely decent update especially under the circumstances.

[geraldus] 01/9/2020 17:50

According to the FT today car finance applications in the UK grew by a quarter during July and the first three weeks of August.

[igoe104] 31/8/2020 12:00

Trading update due in September. I've just seen a tweet on Twitter from a knowledgeable investor. - I hear theres been a big rise in glampervan sales. I'm sure PCF has a division that specialises in finance for these and caravans and horse boxes etc. I know in January, they started a motoring finance division, and from what I hear, is trading well during covid.

[cc2014] 05/8/2020 06:22

Hi Graham, I'm still following but waiting for some clarity over the loan book, forbearance and bad debts.

[graham1ty] 03/8/2020 08:21

This selling is relentless. Hope PCF will update again soon and steady the ship. The last update was two months ago. I know they do not like making frequent statements, however, Covid is different and I think the market needs to know ( as much as they can tell) the real impact.

[cc2014] 15/7/2020 12:18

US banks reported yesterday. Mixed but stable. Suggest some read across from NSF.

[geraldus] 15/7/2020 09:00

Banks not top of the buy list for sure.Patience required.

[sharesoc] 12/7/2020 14:18

The PCF Stockopedia report and presentation from our recent company webinar can be found in our members area here: hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-pcf-bank-pcf-2-july-2020/ To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/