Pcf Share Discussion Threads

[macc1] 07/12/2018 17:41

Short film to accompany their results here. Hopefully useful!

[cc2014] 05/12/2018 15:07

Is that a mermaid on page 1?

[the big fella] 05/12/2018 11:30

And me. Happy to hold for the foreseeable future

[cc2014] 05/12/2018 11:09

thank you Graham. Same thing as ever for me. Just sit in the trade and wait patiently.

[graham1ty] 05/12/2018 10:53

PCF conference call really difficult to hear anything.......

Really poor

[graham1ty] 05/12/2018 10:38

2019 forecasts shaved fractionally, 3.2p to 3.1p.

2020 forecasts up 10%, £10m to £11m, and eps up from 3.7p to 4p

[cc2014] 05/12/2018 09:41

I thought that was an absolutely cracking set of results this morning. I'm not sure what more one could possibly have asked for.

In particular I'm so pleased to see the huge increase in lending has been done with a much higher proportion of prime customers. I applaud the managements focus on increasing the size of the business whilst de-risking it.

All the ratios look great and I look forward to updating forecasts.

The rise is dividend is appreciated too. I am very comfortable with the dividend yield being very low as capital can be kept within the company for further expansion but it's always nice to receive a dividend of some value, especially if it is increasing in size every year.

[graham1ty] 05/12/2018 07:42

Forecasts were based on £350m in 2020 on ROE of12.5% in 2020. If they are a year ahead on those targets, then the forecasts must surely be increased ? And up to now there has not been a 2021 forecast from any broker. That will show the first sign of what could be achieved with this exponential growth

[geraldus] 05/12/2018 07:39

Results were a pleasure to read.They are certainly not standing still. Gla.

[the big fella] 05/12/2018 07:30

Those results read very well. 2p EPS means a historic PE of 17.5, but with EPS growing 33% last year where they made significant investments in their operating platform, it is reasonable to expect that growth could accelerate this year given the investments have been made and we have the earnings enhancing bolt on to drive it as well. These look cheap to me given the growth likely over the next few years.

[graham1ty] 26/11/2018 15:20

Very good presentation by Scott at MELLO London. Could not say much as results are on Dec 5th. However, in the slide pack that PCF is ahead of plan for the £350m loan book target at end financial 2020.

AND ahead of plan on the ROE target of 12.5% by the end of the same period.

There are no forecasts yet for the 2021 year, and those will not appear until after the results on Dec 5th. Then we will get a better feel for the operational gearing within PCF and what the targets might mean in profitability.

Exciting times.

[advfn_sales] 22/11/2018 12:30

Here is the chance to meet with PCF Bank:

Using this unique discount code, ADVFN25, you will be able to get £25 off at Mello London 2018, a 2 day investor conference from the 26th – 27th November 2018 at the Clayton Hotel, Chiswick, London.



Tickets are normally priced at £99 for two days and £79 for one.

Type in ADVFN25 as the discount code.

Many Thanks and take advantage of this premium offer.

See you there.

[davidosh] 04/11/2018 19:40

Just to let you all know that PCF Bank will be presenting at our MelloLondon investor event in Chiswick W4 next month. MelloLondon is a two day event and starts on Monday 26th November through to Tuesday 27th November. You can find out more here...



There will be 65 quality companies exhibiting and presenting plus some very well known investors, entrepreneurs, fund managers and market commentators providing excellent keynote talks on a range of investment subjects. A number of investment workshops will be available each day and a ShareSoc MasterClass on the final day.

[geraldus] 04/11/2018 13:47

Read the article by ST.Thanks

[fergus9] 02/11/2018 15:44

Article in IC today.

[cc2014] 02/11/2018 12:12

Well the good news is that PCF is going up with the rest of the bounce on the banks which is really good news.

Further those 25k's at 37 although reported as sells are almost certainly buys as I don't think the price would still be 37 if 62k of sells had gone through at 37p.

It also seems from L2 that most of the buy volume is being routed through WSMM. Possibly they have a large buyer in the background.

[the big fella] 01/11/2018 22:49

Published when? Don’t worry found it

[geraldus] 01/11/2018 20:28

Following on from the Midas article,thisismoney has a recent article featuring PCF as a small company investment idea.Sorry no link.

[the big fella] 25/10/2018 12:10

Indeed. Given the recent trading update and acquisition I see no reason to sell. At some point in the future the shares will be worth considerably more than they are now. We just may have to batten down the hatches.

[graham1ty] 25/10/2018 10:24

CC I agree, we just need to be patient. I have held PCF for coming up to ten years, and hope to be holding in another ten years

[cc2014] 25/10/2018 09:35

Post #2461

I'm sorry to say Graham but there is nothing to do but wait at the moment. All over the market there are irrational trades going through as if someone(s) are being force closed or are being required to force close in a structured manner.

SFR is a very good example where trades are going through at 5-7.5% below the prevailing price, then the market comes back and then another trade will appear 24 hours later at again a crazy low price.

Today is the same. LLOY is up 1.1% on the back of good results against a dire FTSE. That might not be enough to persuade you to buy PCF but it ought to be enough to stop you selling and yet that's exactly what happened this morning. Further those 5 trades in the first half hour all look connected to me as if they are from the same party. I'd give you 50/50 they aren't even sells in the traditional sense but MM to MM trades with one MM squaring their book.


If we want to be positive we can reflect that in a time period which is heading for the worst October in a decade PCF has done much much better than the market that may show where it will bounce to when the market picks up.

The AIM market is in a terrible state. YU. another example of what AIM is all about with it falling 80% in a day due to accounting irregularities. I for one am ready for this to move to the main market where it will become more investable by the small cap funds

As long as Scott and the management do the right things the price will rise. Santa rally coming soon!

[graham1ty] 23/10/2018 09:00

The Stockdale quote was about retail deposits and the loan book being “well ahead of forecasts”. That quote is NOT directly about profit.

Anyhow, I do agree with you and think there is much more upside to go.

[carcosa] 23/10/2018 08:39

Graham1TY et al:

Stockdale said "... significantly ahead of our forecast. We will revisit our forecasts at the time of the finals"

So, subject to general market sentiment (obviously not great at the moment) it would appear to be an opportune moment to buy further shares in PCF. At least for me if there is another general market sell off PCF are in my top list of shares to add to. Nice to be prepared...

[geraldus] 22/10/2018 21:53

Yes Big Fella as do I.Should have wrote I would be tempted to add to quite a large holding.