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PCF Pcf Group Plc

0.95
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pcf Group Plc LSE:PCF London Ordinary Share GB0004189378 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.95 0.60 1.30 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pcf Share Discussion Threads

Showing 3526 to 3549 of 5625 messages
Chat Pages: Latest  153  152  151  150  149  148  147  146  145  144  143  142  Older
DateSubjectAuthorDiscuss
02/5/2018
07:51
Let's hope it does the same for APC.
geraldus
01/5/2018
14:52
PCF presented at MELLO Derby with a pretty good turn out.

Scott continues to repeat the targets of a loan book of £350m by 2020 and £750m by 2022. That compares with £172m now. So a doubling every two years.

Combine that with a hoped for ROE of 12.5% in 2020 and 17.5% by 2022 ( compared to 8.7% just reported) and you get exponential growth.

Soon the market will look beyond the 2018 figures ( eps held back by a couple of million of bank costs) and beyond that the growth is stellar.

They have delivered everything they have promised so far

graham1ty
01/5/2018
14:24
good tick back up
netcurtains
16/4/2018
20:31
I wouldn't worry about the share price short term. Lets see where it is in 3 years time. For what its worth I think the share price will always bit at a bit of a discount whilst Somers are the majority shareholder, but their holding is a comfort in other ways.
topvest
16/4/2018
12:51
I think the share price is suffering from what I'd call "retail turnover".

By this I mean alot of volume went through at 28 which there will be many PI's happy to flip for 4 pts. That's a 14% rise in a couple of months and not to be sniffed at.

So, it's natural that some will want to leave the party.

What we saw however was whoever was dumping shares at 27 in order to allow all those retail buyers in at 28 was holding the price back as soon as they were finished the share price moved up fast. We don't have the brake on the share price we did then. I'm assuming, well guessing really that the large quantity that went through at 27 were provided from someone who bought in the rights issue at 25. Whatever, they could only sell them once.


Speaking for myself I have a high level of conviction with this share and don't need to do anything but just sit back for the next couple of years. The ambitious targets Scott defined about a year ago, we are now a year down the path and a year closer to full delivery. Indeed this morning's RNS demonstrates things are going better than plan.

All good imho and in a funny sort of way I'd prefer it go up slowly and consistently. I kind of find it more fulfilling.

cc2014
16/4/2018
08:25
It will come Graham value always outs :-)
cheshire man
16/4/2018
06:41
Deposits up to £100m and they reiterate the £350m loan book target by 2020. That would double the loan book. Now, when will the share price catch up ?
graham1ty
06/4/2018
12:43
Back to 32 on the bid which is nice so we know there is support below if the bid drops again.

I think the bid hit 33 for about an hour a couple of weeks ago before the FTSE and DOW collapsed so it would be good to get back to our recent high.

cc2014
27/3/2018
13:03
yes looks good.
netcurtains
27/3/2018
11:33
I had never heard of this company today but their results look good and I'm surprised there isn't more read across to PCF

(ShareCast News) - Motor finance and specialist lender S&U issued its preliminary results for the year ended 31 January on Tuesday, reporting a 32% uptick in revenues to £79.8m.

The London-listed company said its profit before taxation rose 20% to £30.2m, with its basic earnings per share up 19% to 203.8p.

The board proposed final dividend of 45p, an increase of 6p over the prior year, taking the total dividend for the year 15% higher at 105p.

cc2014
21/3/2018
11:01
The market seems to be absorbing the sells at 32.1 with relative ease.
cc2014
20/3/2018
13:15
I note the slow stream of buyers continues today. I guess £10k of buyers is neither here not there in the scheme of things but I'd rather have £10k of buyers than £10k of sellers
cc2014
19/3/2018
09:28
I believe it is one of IC top 10 tips for the year and they reviewed it in the latest edition. IC comes out on Thursday? I don't subscribe.

Buying seems a bit late for IC though.

Anyway what we do know is there isn't a big seller at 30

cc2014
19/3/2018
09:27
Apart from ST that King highlighted.Time for catch up for banks?
geraldus
19/3/2018
09:13
Flurry of activity ? Has this been tipped somewhere ?
graham1ty
12/3/2018
19:10
Thanks KingBarolo.
geraldus
12/3/2018
18:36
As expected, an update today from IC (Simon Thompson)covering PCF which is one of his bargain shares of the year. Very upbeat with a further "buy" recommendation!

"PCF delivers robust growth

Aim-traded specialist bank PCF (PCF:31p) has reported a robust trading performance for the first five months of its financial year to the end of September 2018.

PCF has around 12,000 customers, three-quarters of which are on the retail side and borrow an average loan of £11,500, mainly to finance second-hand motor vehicles. The balance of lending is to small- and medium-sized enterprises (SMEs) that raise finance for commercial vehicles and plant with an average loan size of £30,700. PCF is not short of potential clients as new business originations have almost doubled from £28.2m to £54.5m on the same five-month period last year, and have boosted the lending portfolio from £127m to £172m.

The company is not short of funding, either, as it has already taken in £81m of retail deposits since getting its banking licence last summer. Given its savings product has a blended deposit interest rate of 2 per cent, well below PCF’s current cost of funding of 5.6 per cent, this highlights the potential to recycle low-cost deposits into higher-grade customer lending [that were previously deemed uneconomic], while maintaining a net interest margin of 8 per cent. A 12 per cent post-tax return on equity highlights the profitability of these lending activities.

Admittedly, chief executive Scott Maybury’s plan to double the size of the loan book to £350m by September 2020 may seem ambitious, but PCF’s balance sheet is adequately capitalised (tier one equity ratio of 26.3 per cent) to support a further £170m of retail deposits that will be required to support that lending target. If achieved, then banking analyst Robert Sanders at brokerage Stockdale Securities believes that PCF’s annual pre-tax profit will double to £10m by 2020, a chunky sum in relation to the company’s current market capitalisation of £65m. Retained profits earned in the interim should realistically boost net assets by half to £57.6m, suggesting a modest prospective price-to-book value ratio.

Of course there are risks, but the potential investment upside offers more than adequate compensation, which is why I included PCF’s shares, at 27p, in my 2018 Bargain Shares Portfolio. Expect another upbeat trading update at the time of the half-year results on Wednesday 23 May 2018. Buy."

kingbarolo
08/3/2018
13:28
Sorry BB, my mistake! "Results" following AGM which confirmed strong trading - hopefully, but not necessarily, we may get some comment this week. Either way, I agree with you that by the end of the year these will have done very well.
kingbarolo
08/3/2018
11:48
Sorry King which results? did you mean the AGM statement, results due 23/05/18.
Great long term buy this one steady rise northwards and 50p or more by end of year will do me nicely.
Regards
BB

beerbandit
08/3/2018
11:21
Great potential here! share price has been amazingly resilient at these levels in the face of a lot of selling - the 10%ers moving on! I'm thinking there must be an order to be filled as the price continues to creep up. Hopefully we'll soon get the short term traders out of the system and the price should move quickly. Possibly some coverage of results in this week's IC ? - it's one of Simon Thompson's "Bargain Shares" of the year so I'd be surprised if he didn't report back!
kingbarolo
06/3/2018
18:12
I am with you CC. This is one to tuck away for a couple of years.
the big fella
06/3/2018
10:38
Good morning. It seems that inevitably we have arrived at 30 which is a nice round number and there's some that are willing to let their shares go at this price for no other reason than they've picked a number in their head they are willing to sell at.

Possibly some of those that bought at 28 or slightly below consider a 10% profit in a month or so a decent return. Not to be sniffed at I guess.

However, I consider such a way of trading to miss the point. Making lots of 10%'s isn't going to pay for the bad trades especially with the spread on these kind of stocks. In addition selling at 30 as you like a round number doesn't reflect in any way on the future performance of the business.

I continue to hold, will do so for some time and will write up my further thoughts in due course.

cc2014
03/3/2018
09:17
Thanks for that link a positive piece indeed :-)
cheshire man
02/3/2018
16:48
here is the article
netcurtains
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