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PCF Pcf Group Plc

0.95
0.00 (0.00%)
19 Apr 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 5551 to 5575 of 5625 messages
Chat Pages: 225  224  223  222  221  220  219  218  217  216  215  214  Older
DateSubjectAuthorDiscuss
06/7/2023
16:07
Interesting. I wonder what that means in terms of book value per share? I’ll contact them. If anyone hears anything, please let me know.
catabrit
06/7/2023
15:56
Posted today on the companies website:

PCF Group PLC announces that, as part of its continued withdrawal from the UK retail banking market in an orderly manner, its subsidiaries, PCF Bank Limited (“Bank”) and PCF Credit Limited have completed the sale of their retail, commercial and bridging loan portfolios and related business assets to a third-party specialist purchaser and servicer of receivables. In addition the Company has also ceased its activities in respect of pro-actively seeking any further strategic opportunities for itself and its subsidiaries. The Company will issue further updates in due course.

dandigirl
11/4/2023
21:40
NAPS - 10p?!
dandigirl
11/4/2023
21:11
hxxps://www.investormeetcompany.com/investor/meeting/pcf-group-agm
dandigirl
11/4/2023
08:26
Portfolio size is a guesstimate based on latest accounts. CFO said at the AGM that losses were running at between £500k and £1million per month, which is incredible
maverick39
07/4/2023
10:04
Maverick, did that number come from the AGM ?
graham1ty
31/3/2023
18:24
Any ideas how this business has a strongly performing portfolio of £250m-£300m but is managing to lose £500k to £1m per month?
maverick39
28/3/2023
19:24
Pretty much.
catabrit
28/3/2023
18:47
Is it not just the case that everyone is holding out for liquidation proceeds?
cjd190573
28/3/2023
16:08
It’s true re the lack of liquidity. But then in fairness, there’s been no news and we’ve had a banking crisis in the US and over in Switzerland. So, what do you expect? Why buy? Why sell? You might as well hold out for the annual meeting and then form a judgment afterwards. I know that’s frustrating Graham and I’m sorry you’ve been burnt here but the stance by the market is pretty logical. I suspect we might see more trading as the liquidation process becomes clearer. Personally, I’m holding out for the proceeds. I’ve mentally written these off as a zero and look forward to getting my cheques in the post or my broker account credited.
catabrit
28/3/2023
15:44
Well, fat lot of good the first Auction was with Asset Match. Not a single share traded. There is NEVER liquidity after a delisting, and the shares are effectively untradable.
graham1ty
17/3/2023
16:59
No point in attending the AGM. The future of PCF is at the whim of Somers.
dandigirl
17/3/2023
07:24
Sadly, I am on holiday on 31 March. Mind you, attending the meeting would not have been good for my heart.

Presumably, their task was to “stabilise and turn around PCF”. In that they failed.

graham1ty
12/3/2023
19:33
Just wondering how's PCF' situation after two US banks collapsed last week?
(all three: deposits {outflow}, reserves {gov. debt} and loan impairment provision)

sam55todd
08/3/2023
11:00
Investormeet 31/3.
geraldus
22/2/2023
20:12
£4.5m - Not a great amount is it?

I'm mad too that Stran and Richardson gobbled nearly a £1m last year when running PCF into the ground. Shame on them both.

dandigirl
22/2/2023
19:54
Yeah, your math is right.
catabrit
22/2/2023
19:50
Are my maths right? 335m shares in issue. The 27% not held by SOMERS is 90m @ 5p per share is £4.5m give or take. Hmmm.
dandigirl
22/2/2023
19:43
This sort of thing will reduce the NAV ps.

In addition, the Group considered the accounting treatment of redundancy and restructuring costs which have been incurred since year end as a result of the decision to withdraw from the market. As at 30 September 2022, implementation of the restructuring plan had not commenced and there had not been any communication with the potentially impacted staff. Therefore, in accordance with IAS 37, charges for any such costs which have been incurred since year end have not been recognised in these financial statements.

AND

Whilst material costs in relation to this issue (complaints) are not
considered probable at this time, we currently an estimate of £0.3m to £2.1m is possible

dandigirl
22/2/2023
16:15
I think those comments are all fair, Graham. I do feel for those that bought in much earlier and if it makes you feel any better, I can see why - it offered the allure of good value. I literally bottom ticked this at 0.05p odd which isn’t something I do often. Usually I need to average down. So, none of the past really bothers me. All I care about is the net liquidation receipts vs my cost basis and considering how low the latter is, I think I am going to do reasonably well out of this.
catabrit
22/2/2023
15:30
And, they were recruiting expensive people during the “remediation”. Number of employees Sep 21 was 147 with staff costs of £12.6m.

In Sept 22 there were 152 employees with a cost of £17.2m

[I must be accurate and fair, those are both “as at 30 Sept”. The average number of employees was only 131 in 2021]

However, my argument still holds, as “average employees” rose from 131 to 150 up 14%. Employee costs rose from £12.6m to £17.2m, a rise of £37%. I know that this is a simplistic measure, but if you divide total employee cost, by number of employees, that makes an average employee cost of £113,000. Nice if you can get it !!

graham1ty
22/2/2023
15:22
Just looking. Did we know that the Azule loan book was sold last December ? Cannot remember seeing that before. What a dog Azule proved to be……wonder what write down has been on goodwill held against Azule ? ( will read on and try to find that…..)

Bloody difficult to continue when net operating income drops from £27m to £21m, while staff and operating costs rise from £21m to £29m. Both going the wrong way, so a “swing” of £13.5m….So a cost to income ratio of 85.8% becomes 144.5%. Now, call me old fashioned, but any business with costs higher than income is going downhill….fast.

graham1ty
22/2/2023
14:56
Stitching are the Dutch holders who have been there for years
graham1ty
22/2/2023
13:00
There will be a few spare chairs soon hopefully.
cjd190573
22/2/2023
12:21
I love my country but I don’t miss British stuffiness at all!
catabrit
Chat Pages: 225  224  223  222  221  220  219  218  217  216  215  214  Older

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