Pcf Share Discussion Threads

[the avoint] 28/7/2011 07:49

Acquisition
TIDMPCF

RNS Number : 2186L

Private & Commercial Fin Group Plc

28 July 2011

PCFL / Index: AIM / Sector: Speciality & other finance

Private & Commercial Finance Group plc ('PCFG' or 'the Group')

Acquisition

Private & Commercial Finance Group plc, the AIM quoted finance house, is pleased to announce that it has completed the acquisition of a GBP6 million portfolio of receivables comprising 2,300 hire purchase agreements financing motor vehicles ('the Portfolio') from North Herts Credit Company Limited ('the Vendor').

The consideration for the acquisition of the Portfolio is GBP4.5 million in cash. The acquisition increases the Group's portfolio of receivables to GBP110 million and will positively impact FY 2012 turnover by approximately GBP2.4 million.

Scott Maybury, CEO of PCFG commented: "This transaction, which is earnings-enhancing, is another step in our strategy to actively grow the Group's portfolio. We are on the lookout for future acquisitions and ideally these would be of a comparable size and for leasing or hire purchase assets suitable for our business finance division."

[blobby] 29/6/2011 18:12

Strolls into the room...

"ECHO Echo echo ec "

Leaves room.

[blobby] 28/6/2011 09:57

Have just compared the actual results with this brokers note from Dec 2010



It seems PCF are a little behind schedule compared with the note, but not doing that badly. Target 14p per share.

Would be nice to see a dividend though.

[blobby] 28/6/2011 08:38

Results seem very up-beat. NAV per share up to 15p and profit before tax of 0.8p

[blobby] 03/5/2011 08:21

Trading statement out today:



Pre tax profit of £450,000 compared with £530,000 last year, which is OK in my opinion. p/e about 9. Steering a steady course with no dramas, and exceptions must be for a big improvement as things get back to normal with the money markets.

[blobby] 15/4/2011 14:56

Trading statement issued last year on 29 April, so with luck not long for some news to liven things up.

[crawford] 29/3/2011 16:42

mafia,
this is a bit like the film 'Cars' when McQueen trundles into Radiator Springs and the other vehicles don't know what to do or say.

What brings you round these parts?

My tuppence :-

Plus points:
PCF have really good management, they know their core business really well (as long as they don't diversify).

They have a sound risk process for lending money.

They are below asset value.

Minus point:
They can't get access to cheap funds in order to expand their business.

[blobby] 29/3/2011 15:09

Hi mafia,

There obviously are people here. Two posted yesterday as you can see. Perhaps you could help by sharing why you are looking at PCF and what it is that you can't get you head around. Have you read the broker's note as linked above and if so what did you think?

[mafia music] 29/3/2011 01:07

anyone here?

can someone help me get my head around this one. some of you will be more knowledgable so will be interesting to get your opinions .

[knowing] 28/3/2011 13:56

Won't help I'm afraid.

[solarno lopez] 25/2/2011 08:29

I see BROOKWELL bought their 19%+ holding from OCTOPUS one mans loss is another mans gain as they say

[solarno lopez] 24/2/2011 08:26

I wish I could in at the wrong price arghhhhh but did exceptionally well from the two loan stocks so cannot complain too much...but you do don't you

[knowing] 24/2/2011 00:36

Sold out the other day as any rise is sold into. Held for long enough. Good luck any holders.

[knowing] 16/2/2011 14:06

Offer price has moved higher so should be moving up soon.

[solarno lopez] 16/2/2011 06:34

Thnaks for the assesment Simon

[simon cawkwell] 16/2/2011 00:37

Gentlemen,

The fact is that money lenders have never had it as favourable as right now. The banks have given up making any effort at all and the collateral cover on safe loans yielding 15%+ p.a. is terrific. PCF has, at long last, everything going for it - including management who are determined to get it right. One year from now PCF might be on a PE of 1 on an underlying rate of profits assessment. I grant you that such an assessment is subjective.

SC

[solarno lopez] 15/2/2011 10:56

The Simon Cawkwell factor kicks in

[solarno lopez] 14/2/2011 17:39

who cares but the double bottom theory has worked again even Simon has shuffled his into the stock with a 400,000 purchase