Pcf Share Discussion Threads

[dandigirl] 15/2/2022 16:12

I say, some big percentage losses for those selling.

For those holding on, IMV there will be at least a year of recuperation.

Joe: You won't. He has only just arrived and deserves a chance to prove himself. :)

[hopespr1ngseternal] 15/2/2022 14:58

What annoys me is the sustained selling during the days leading up to the announcement

[joe say] 15/2/2022 07:55

And under a new chairman as well!

Or soon to be ex-new chairman if I get my way :)

[graham1ty] 15/2/2022 07:52

Suspect this will open at about 6p, get hit by the rush to the door……

Who would want to hold a non profitable, shrinking, incompetent Board, with knowledge of a forthcoming suspension…230;.

[che7win] 15/2/2022 07:52

How could they not know this at the AGM, the transparency comes into question.

[cc2014] 15/2/2022 07:52

Key question: could the Board have told us this at the AGM ?

I asked. Asked at the investor meeting because they haven't been taking customer deposits since September and before than the rates offered were poor. Specifically I asked for the level of the loan book and the level of customer deposits. The Board refused to answer with the magic phrase "we are not providing guidance". My follow up point to the host of the meeting that these numbers were not guidance was not put to the Board.

[joe say] 15/2/2022 07:47

Could the board have told us at the AGM you ask

Like you, my guess is that would have surely been a Yes - shocking imo

And if it's a No - one has to ask, then why didn't you know?

[dandigirl] 15/2/2022 07:42

It will be interesting to get an idea of the level of costs to September 21.

Of course, more will follow this year and on-going.

[graham1ty] 15/2/2022 07:42

So, the £1m profit of 1H swallowed up by all these extra costs. And despite 100% focus on the numbers, and the audit, it will still take the new auditors until end of May to get results out……230;..two months suspension. That will be 8 months after the relevant year end. PCF has used up all goodwill with AIM etc so not further dispensations.

Originations at a standstill in Q1 at £19m only, and even the 2Q projection of c£38m will not get the loan book back to any meaningful growth.

Key question: could the Board have told us this at the AGM ? They must have had estimates from the new auditors by then as to how much time they needed…..

[graham1ty] 15/2/2022 07:35

Anyone who hasn’t sold yet will now do so, just in case it never comes back from suspension…..

[graham1ty] 15/2/2022 07:34

You could not make this up……just staggering

[hopespr1ngseternal] 14/2/2022 22:34

Geraldus: please remind the reverend of the old Latin motto semper ubi sub ubi

[geraldus] 14/2/2022 16:01

Agree totally.Strange that you end with some latin.My friend the reverend continually mutters 'dimitte mihi,quia peccavi' which means as far as I can make out - forgive me for I have sinned.All very worrying.

[hopespr1ngseternal] 14/2/2022 15:03

Geraldus: predictable that the share price would weaken between the lifting of suspension and the publication of 2021 results as weak holders sell and buyers wait for the results before committing real money. Nil desperandum.

[joe say] 14/2/2022 08:38

Oh did I?

Should have checked the names - read the accounts and thought it was the same guy!!!

Thanks for clarifying

[dandigirl] 14/2/2022 08:33

Joe: The old Chairman has gone. You saw his replacement!

[joe say] 13/2/2022 13:11

Read the annual and interim reports and watched the general meeting video

The new directors, notably the CFO I'm happy with - however the deadwood of the past, including the chairman must imo go

I'll be voting that way next time round (not that will swing the overall result much!)

[geraldus] 12/2/2022 16:00

I see the price is weakening but I am keeping faith.

[hopespr1ngseternal] 11/2/2022 00:18

PCF have posted on Linked In that they have hired a new business development manager

[dandigirl] 10/2/2022 07:32

This is the sort of news that PCF should be putting out.

SUS, a well run entity with the Coombs family significant shareholders, used to be about 3x the market cap for PCF is now more than 10x.

Interesting comment on the state of the market.

[dandigirl] 09/2/2022 17:06

I always thought a tie-up with SUS was worth considering. They flirted with the idea of becoming a bank a few years ago but called it off.

SUS would get the banking licence if they satisfy the regulators which I am sure they would.

SOMERS could take SUS shares and get rid of the now tainted PCF name.

Sticking point though is whether or not the COOMBS family would want to dilute their shareholding in SUS in what is a well run £330m company.

Trading statement from SUS tomorrow, I think.

[dandigirl] 09/2/2022 16:53

Super value but don't think SOMERS would sell at that price.

[hybrasil] 09/2/2022 10:19

A bank licence (and not a bad ancillary business) for £27million.

Rather good value?

[seasidehippo] 06/2/2022 15:49

I have today had chance to view the AGM online. Again importantly I thought GS and CR came across very well. I do hope GS is offered the role of CEO on a permanent basis on the condition that he wears a bow tie for all future formal company meetings as clearly he does not like wearing an ordinary tie!!

I thought all the questions were answered as best they were able given the circumstances. Thankfully there was no crying over spilt milk and I gained a strong sense that they want to move onward and upward from here as soon as practicable.

In my opinion there may well be more enthusiasm for the Y/E Sept 21 meeting, which should be more meaningful and is probably what the market is really waiting for.