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PCF Pcf Group Plc

0.95
0.00 (0.00%)
23 May 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 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pcf Share Discussion Threads

Showing 5051 to 5074 of 5625 messages
Chat Pages: Latest  213  212  211  210  209  208  207  206  205  204  203  202  Older
DateSubjectAuthorDiscuss
02/3/2022
12:13
Good news for you all.

PCF are back in the market for cash

2 years 1.62%
3 years 1.82%
5 years 2.1%
7 years 2.25%

All rates about 0.1% off best available. Rates I suggest are good enough to stop maturing deposits leaving.

cc2014
01/3/2022
07:13
PCF have hired another Business Development
Manager according to a recent Linked In posting.

hopespr1ngseternal
26/2/2022
08:21
I agree Millipede. I have wondered whether it should be the inverse, only 20% ARE in public hands. Somers 64.4%, Hof Hornemaan 9.2%, Bellegingsclub 3.3% adds up to 76.9%.

I’ve just looked again at the Directors holdings ( as at Sept 2020, the latest we have, though I have not been aware of any RNS showing changes) and ( in shares not options), Scott had 1.7m, Rob 998,000 and David Bull 400,000.

After that, admittedly non Execs, they have less than 1m shares between them. Tim Franklin had 125,000 so he leaves after six years with an exposure of c£10,000.

No wonder his £95,000 per annum for presiding over this car crash meant rather more to him than any equity exposure. That is one of the biggest open sores: ultimately the Board bears responsibility for being unaware that systems where not what they should have been, for failing to ensure systems were good enough for the ambitious growth targets and not fulfilling their role of oversight. Yet, the non Execs were taking £330,000 per annum for sleeping at the wheel…….

Franklin has quietly gone, but with so little fuss that we have no idea if he fell on his sword, was pushed, or just retired. The head of the Audit Committee remains in place taking £57,000 in 2020. Their remuneration will probably have gone up in 2021 “as they had to do much more work than expected”̷0;…digging PCF out of a hole that they presided over…..

graham1ty
25/2/2022
11:08
Does anyone know who owns the shares that are not in public hands? According to website 20% of the total.

AFAIK this figure is normally shareholders who own 10%+ of company plus directors, but this doesn’t add up against Somers holding. I can’t find any further info.

the millipede
24/2/2022
09:15
PCF rallying on a day like today. I've seen it all now.
cc2014
23/2/2022
12:29
Indeed Dandigirl. Usual banking model. Pull the punters in with a decent rate and when they come to renew offer them a poor rate knowing some will just roll it over.
cc2014
23/2/2022
10:49
CC: Not for new customers?
dandigirl
23/2/2022
10:22
Atom bank.

More to choose from

Atom 0.75%
Shawbrook 0.72%
Investec 0.71%

cc2014
23/2/2022
09:25
Where are you getting 0.75% instant Access? Hopefully not one of those 5 Russian Banks that have been sanctioned :-)
seasidehippo
23/2/2022
09:17
I see where some of PCF's cash has been coming from now.
There is a new page on their website showing reinvestment rates for savers


The newly introduced 12 and 18 month rates at 0.6% and 0.8% will only be enticing those who are lazy with their money. I'm getting 0.75% on instant access so that's not competitive.

The 24 month and 36 month rates at 1.43% and 1.65% would have been competitive when they were introduced in August last year but 1.7% and 1.9% are available now.


So, in summary they are in the market for savers deposits but based on the rates they are not looking for much. Good for their NIM though which begs the question if they are going to lose money at those sort of deposit rates what's going to happen when they have to start paying competitive rates?

cc2014
21/2/2022
03:48
PCF Bank has posted on Linked In that it has again won Platinum in the Feefo Trusted Service awards this year.
hopespr1ngseternal
18/2/2022
21:44
with reference to the list of major shareholders I doubt there will be that many available above 10p either!!
seasidehippo
18/2/2022
12:33
Very limited stock available in PCF below 10p. Last saw these in the 30s.
manual dexterity
18/2/2022
11:50
Somewhat oversold and now a bargain imo. I know we wern't allowed to trade them for a very long time and now they are planning to do the same (seems mad!) but they surprisingly haven't lost their banking status and it should be a sound recovering business. Good chance of making some money at these prices
rightnellie
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. :)

dandigirl
15/2/2022
14:58
What annoys me is the sustained selling during the days leading up to the announcement
hopespr1ngseternal
15/2/2022
07:55
And under a new chairman as well!

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

joe say
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;.

graham1ty
15/2/2022
07:52
How could they not know this at the AGM, the transparency comes into question.
che7win
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.

cc2014
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?

joe say
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.

dandigirl
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
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