Pcf Share Discussion Threads

[graham1ty] 04/12/2019 09:03

There are now the first forecasts for 2022. Shore Capital have got 4.8p for 2021 and now 6.8p for 2022. Profit being £14.7m in 2021 and £20.8m in 2022.

That is 140% increase in eps in next three years. If the share price rises 140% from here, I will be very happy !! That would be 80p ( assuming the rating remains the same).

[cc2014] 04/12/2019 08:20

Results are excellent. I couldn't find anything to concern me at all and the growth figures are amazing.

[paleje] 04/12/2019 08:20

Yes as expected I think but their portfolio build is a year ahead of their own target so they're doing something right and they think their specialist sector can withstand economic bumps. Divi increased by a third, eps 2.7p.

Maybe election uncertainty quelling interest for now?

[igoe104] 04/12/2019 07:51

Results look good to me.

[wanttowin] 02/12/2019 12:50

results on the 4th

[graham1ty] 13/11/2019 10:05

Just need to be patient. With growth of the loan book of and eps of 25-30% per annum, this gets 1% cheaper every two weeks !!

[cc2014] 13/11/2019 09:47

Can't see a reason not to hold this stock for very many years, which is the same as what I said when I bought it in 2017. One of my better purchases.

I'm feeling better at 36p, because at 27p I was worried we might get someone chancing their arm with a desirory takeover approach in order to get the banking licence. I'm still a bit concerned about this at 36p as I consider the share price too low for the growth indicated but my sense is there is reasonable support here.

Price went up to 37p to sell and obvioulsy a few PI's who had bought perhaps around or below 30p sold a few. Can't blame anyone for that. But more importantly when the buy price retraced a bit buyers have come back in

[igoe104] 13/11/2019 09:08

Just looked at glasshalffull excellent twitter feed, the investment case mightily reassuring.

[cheshire man] 12/11/2019 16:00

Glasshalfull

@Glasshalfull1
·
42m


Onto PCF Bank #PCF & Scott Maybury, CEO with an assured presentation on the considerable growth story emerging.
The undernoted slides confirm the ambition with strong EPS growth & aspirations of a £1bn loan book - upgrades from a £750m target


#MelloLondon
@MelloEventsUK

[mark of the rushes] 11/11/2019 16:40

They are presenting tomorrow according to my diary.

[geraldus] 04/11/2019 15:11

Well,lots of interest in this now,and rightly so.

[cc2014] 01/11/2019 09:02

I think we just need to be patient Graham.

Page 9 on the most recent investor presentation shows a profit of 5.4m for 2018 (that's the one reported 11 months ago). At 34.5p that's a P/E of 17.25

The forecast profit for 2019 which will be reported in December is £8.0m and we know PCF have already said everything is in-line

The foreast profit for 2021 is £14.0m which if the share price doesn't move would equate to a P/E of 6.6. I think maybe a P/E of 12 would be more appropriate and even that wouldn't reflect the underlying potential growth of a bank with a tiny market share in the areas it operates in. Which gives a share price of say 63p.

I would suggest we are looking at a rise of 83% in 25 months which looks pretty stellar to me. Even if the market continues not to notice surely a rise of 50% could be achieved even if you are pessimistic.

I'm thinking Simon Thompson has plenty of room to move his targe of 50p up in due course.


Oh, and that's all based on a pessimistic economy continuing to be being dragged along by Brexit. If that ever gets fixed there is significantly more upside.

Happy to hold and ride out the current pricing anomoly

[graham1ty] 01/11/2019 07:46

Just looked again at the chart. The share price was between 35p and 40p for most of calendar 2018. It has not yet got back into that range. I hope, looking back, the drop to 25p will be seen as quite an anomaly

[cc2014] 29/10/2019 14:59

Pleased to see this going up on the back of the results. Hopefully "the market" is beginning to understand that PCF is a under-promise and over-deliver company and even against a difficult uncertain economic environment they have delivered.

Someone seems to believe as looking at the trades there are two trades of 1.0m and 1.2m, both at 32p. I assume they go together in that one is a buy and one a sell and that someone has swept all the stock available from whoever was selling and the MM's got the balance from somewhere.

The share price has moved up since then and is easily holding. Two sells of 35k at 34.755 amd 46k at 35.055 have been absorbed by the MM with no impact on the price. Indeed the price to buy continues up suggesting MM are collecting for someone, possibly the same buyer who paid 32p yesterday.

I guess we will find out in due course.

[davidosh] 29/10/2019 12:12

Just to let shareholders and potential investors in PCF Bank know that the management team will be presenting on the first day at the two day Mello London investor conference in Chiswick London W4 on Tuesday 12th and Wednesday 13th November and there will be an opportunity to take part in a Q&A at the end of each presentation. These are just a few of the companies taking part...



There will also be lots of quality keynote speakers, panel sessions and round table discussions looking at investment strategies & portfolio diversification plus sessions on.... How does a market maker work your share trades? What is undertaken in a company audit? What is hidden on the dark web? & how can retail investors get access to placings?



If you would like to join the thousand investors at the event you can gain 30% discount on your ticket by entering the code ADVFN30 when you purchase your ticket.

[igoe104] 29/10/2019 12:06

These are starting to get a nice momentum, hopefully 40p plus is on the cards soon.

[bazzer1000] 28/10/2019 12:53

Yes Cheshire, l'm considering ditching my 'no averaging down rule' as I could have bought more in the mid 20's!

[bazzer1000] 28/10/2019 12:49

It will be behind the pay wall Graham but well worth the subs....particularly for Phil Oakley's articles.

[cheshire man] 28/10/2019 12:31

Price reacting very nicely to that Bazzer1000 :-)

[graham1ty] 28/10/2019 12:29

Bazzer, have you got a link to it ?

[bazzer1000] 28/10/2019 12:03

ST 50p fair value.....

[geraldus] 26/10/2019 23:32

Great update and plenty to go for.Good to see Scott quoting my 'level the playing field' comment (post 2668) on car finance,lol. Gla.

[sharesoc] 25/10/2019 15:39

The PCF presentation from our recent Manchester company seminar can be found in our members area here:

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:

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:

[cheshire man] 25/10/2019 08:18

Thanks for that link carcosa :-)

[carcosa] 25/10/2019 04:32

Scott Maybury discusses the Trading Update, commenting that they are doing much better than competitors.