Pcf Share Discussion Threads

[abbey8] 24/12/2013 12:38

Looking to invest 10k here , any thought please . Many thanks and happy
XMAS.

[bisiboy] 15/12/2013 18:06

thanks zdapa obvious really

[bisiboy] 07/12/2013 11:14

do you have the code for the convertables please

[puku] 06/12/2013 12:36

damn down now - frustrating

[che7win] 03/12/2013 22:00

I'm also happy holding a few convertibles.

[topvest] 03/12/2013 21:32

Yes, it's all heading in the right direction here. Very positive I thought. I don't think you can expect anything short term on the dividend. They have already said they want to get to a 2% return on assets first which is 12m+ off. They will also need a capital restructure first. All looking good on a medium term view though. Happy to hold (the convertibles!)!

[hpcg] 03/12/2013 11:42

I was very happy with those interims - everything moving in the right direction bar the diluted EPS, but that will catch up. Very bullish chairman's conclusion.

[solarno lopez] 03/12/2013 07:57

And no mention of the dividend !

[graham1ty] 03/12/2013 07:53

pretty good results. Must not forget the convertibles so that diluted eps is flat. But statement is very good, margins improving, costs under control, bad debts coming down all the time and lots of headroom for new business

[topvest] 24/11/2013 20:02

It is at the moment, but if they achieve a 2% return on £100m of assets which is 1/2 years off then a dividend should be forthcoming well before the 2016 conversion date. Not without risk.

[bdroop] 24/11/2013 19:23

Mind I think a dividend is a bit optimistic based on a 6% bond and new funding set up....thx v much for the input.

[bdroop] 24/11/2013 15:12

That's really good of you to explain this for me. I shall think on! I'll also find the resource on Morningstar for the future. I'm definitely intrigued by this company and their place alongside opm and the like.

[topvest] 24/11/2013 13:01

You pay about 110p for a 6% convertible (5.5% yield). These are convertible at 8.5p or closer to 9p adjusting for the premium on the £1 book value. Very difficult to get hold of though unless someone sells a few. I think market makers might have a few as someone sold 5,000 a fortnight ago. Very illiquid, but I'm just looking to get £1 back in 2016 (if the company does badly) or convert at 9p (if the company is doing well). They will dilute NAV per share, but I do think there is scope for this to be paying a 1p dividend in 2/3 year's time, at which point it will be closer to 20p.

[hazl] 24/11/2013 12:20

bdroop I go to Morningstar website for that...says 3 dec.do not hold here btw

[bdroop] 24/11/2013 10:26

I hadn't thought of that, I've not done so before. I can see the attraction. Would you help me understand how the convertible would work in practise? I don't like the current spread on the ord. so I'm trying to work out market timing but the cul would mitigate the timing aspect alone..many thanks.

[topvest] 24/11/2013 10:15

I've bought some of the convertible loan notes which are much lower risk than the shares. I've been attracted to these due to the large Utilico holding through Bermuda National Bank. Good growth potential I think. May buy some ordinary shares at well if they become attractive enough.

[bdroop] 24/11/2013 10:02

Hello there, does anyone have an idea when the interims for PCF are due? I've trawled through the company web site, attempted to find an e mail address - so I thought this thread might actually be more informative..best.

[graham1ty] 20/9/2013 17:25

Good AGM, good statement. No reason why this should not continue to creep up

[stav13] 13/9/2013 15:01

City insights have a new report on the investor section of the PCF website. Private & Commercial Finance (AIM: PCF), the AIM-quoted finance house, will be holding an investor presentation in London on 2 October 2013, this was found on the city insight website, could be interesting, just after the six months trading.
AGM 20th Sept, possible trading statement.

[knowing] 10/9/2013 10:40

Blimmin hell double figures. You Guys should have a look at UCG for a potential recovery

[graham1ty] 28/8/2013 08:33

Who were Brookwell ? Gone into administration. Was second biggest holder. Presumably the Dutch have bought their complete holding in two tranches

[grlz] 27/8/2013 13:15

Dutch investment club, going for around 40 years. I believe Wolter Brinks jointly runs it - guessing Henk van Heijst is acting in concert

[hpcg] 27/8/2013 11:46

Yes, we appear to have gone Dutch all of a sudden.