Pcf Share Discussion Threads

[knowing] 30/4/2010 14:15

Suprised that this has not moved back up as yet after the last couple of buys.

[robwoodt] 29/4/2010 15:44

thanks bones, appreciate it.

[bones30] 29/4/2010 14:55

UKAnalyst:

Recommendation:
Despite the continuing negative sentiment towards the financial sector, shares in Private & Commercial look good value for a number of reasons. On a price to earnings basis the shares trade on a multiple of just 5.7 times forecast 2011 earnings. In addition, the shares currently trade at a 28% discount to net assets of £5.87 million as at 30th September 2009. Our friend Evil Knievil is also a fan of the company, seeing it as a potential takeover target. In his own words, "PCF is a sitting duck." BUY.

[knowing] 29/4/2010 14:39

Limiting buying size to 15K now

[bones30] 29/4/2010 14:32

Redmayne Bentley - 20 January 2010 broker note here:



Suggesting EPS of 1.3p 2011E

Hope that helps Robwoodt

[bones30] 29/4/2010 14:28

Daniel Stewart Broker note from Jan 2010 here, for those who haven't read it:



Target price: 15p.

[bones30] 29/4/2010 14:18

Good to see KBC join WEST on the bid on level 2.

Just checked and it looks like Evil Kneivel (Simon Cawkwell) is still holding these (according to his diaries). He is someone who can spot a bargain a mile off.

[robwoodt] 29/4/2010 14:01

Anyone give a quick snapshot of PFC's business model, assets etc. I'm going to research but i take a while, easy to get a quick overview from those already in.

Looks good last year profit of GBP262,978 - (However, it is important to note that the profit is stated after charging GBP427,422 on certain interest rate derivatives which protect our portfolio against future increases in the cost of borrowings but for accounting purposes are required to be marked to market. The profit before these non-cash items would have been GBP690,400 (2008: GBP1,069,548).

and 121k at profit at half year.

Less competition in the market, and they survived the GFC better than most of the global banks.

[knowing] 29/4/2010 13:30

Was little volume on the way down and market makers took advantage of that fact.

[bones30] 29/4/2010 13:27

Agreed, most will have bought in much higher up judging by the chart.

[knowing] 29/4/2010 13:26

Who would want to sell at the first signs of a recovery in the stock.

[bones30] 29/4/2010 13:25

The fact you can sell well within the spread is telling.

[knowing] 29/4/2010 12:47

Bones you also have to consider that the banks were and are still not lending so therefore people have to look at alternative methods of finance and that is where PCF comes in.

[bones30] 29/4/2010 12:38

Looks like the fortunes for the carmakers are looking up.

Should help this too.

[knowing] 29/4/2010 12:37

Max online buy is now 25K

[knowing] 29/4/2010 12:11

hi bones with lack of competition in the market when the economy really turns then this will be much higher. A great recovery play.

[bones30] 29/4/2010 12:10

Looking interesting.

[knowing] 29/4/2010 11:59

Large buyer had to pay a premium there.

[solarno lopez] 29/4/2010 07:53

Apart from the crisis in Greece and Portugal, oh and lets not forget Spain...have I forgotten anybody

[czar] 29/4/2010 07:21

This must be th cheapest stock on the market, net assets of 17.2p, and profits should get back to about £1m this year for a pe of just over 3x. Sooner or later this company will be bid for IMHO.

[knowing] 26/4/2010 15:59

It's actually a double bottom on the chart now. 5K online unless you go to the phone.

[knowing] 26/4/2010 12:55

5K available online now.

[knowing] 23/4/2010 10:44

Cannot get a decent quantity online.