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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 Shares Traded Last Trade
  -0.25 -0.78% 31.75 38,268 08:39:11
Bid Price Offer Price High Price Low Price Open Price
30.50 33.00 32.00 31.75 32.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 15.00 5.17 2.00 15.9 79.0
Last Trade Time Trade Type Trade Size Trade Price Currency
09:40:08 O 3,951 31.10 GBX

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Pcf (PCF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:40:0931.103,9511,228.76O
07:38:1831.0030,0009,300.00O
07:36:3631.101,100342.10O
07:36:3631.102,949917.14O
07:36:3631.1026883.35O
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Pcf (PCF) Top Chat Posts

DateSubject
24/6/2019
09:20
Pcf Daily Update: Pcf Group Plc is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker PCF. The last closing price for Pcf was 32p.
Pcf Group Plc has a 4 week average price of 31.50p and a 12 week average price of 29.50p.
The 1 year high share price is 42p while the 1 year low share price is currently 29.50p.
There are currently 250,180,934 shares in issue and the average daily traded volume is 57,438 shares. The market capitalisation of Pcf Group Plc is £79,432,446.55.
05/6/2019
07:54
cc2014: Yup. I'm happy with those. The investment done in the past is delivering results and they continue to invest in the future. This growth phase when you look at it is quite spectacular. I would anticipate a move up in the share price today followed by a positive write up in the IC next week. Am I being too optimistic to hope for 40p by the end of next week which would only take it back to where it was a few months ago and since then the company has continued to deliver what it said it would deliver. Azule looking good. Volumes much higher than I thought and the commission model part of the portfolio enables much higher growth without requiring capital, which I like alot as PCF take profits but carry no risk.
22/5/2019
08:49
graham1ty: Geraldus, with the market makers sitting on so much stock, hopefully the trades at 30p are actually buys...... As last post, it is really disappointing as was hoping the share price was breaking free from the 30-32p level after the Placing
05/4/2019
08:16
the big fella: I think you just need to read the accompanying paper to the recent open offer. It sums up what they are doing and what they hope to achieve. I think they have a decent chance of success. I would hope for a share price north of 40p this year. They could easily double over the next couple of years. All depends on your timeline I suppose.
01/4/2019
11:28
cc2014: I'm guessing but I'd say it's the last of the shares going through which were bought at 30p in the OO which were bought with the sole intention of trading on for a small profit. The problem is not so much the selling but the apparent lack of buyers. this is even more surprising given the general strength of FTSE today on the banks and financial services. If I reading things right we are heading for a softer Brexit which will assist the share price. With labour taking a 5p lead in the polls despite the talk of a general election that won't happen now, no deal won't happen so all we are left with is a softer Brexit. As an aside I'm struggling to understand why the Cabinet don't just roll over and commit to this. If fulfils the referendum mandate of leaving whilst keeping the remainers on side as the best of a poor set of options
20/3/2019
15:15
cc2014: Share price nudges up another penny but very little selling despite the rise. We definitely seem to have turned the corner here.
15/3/2019
14:26
graham1ty: Now, like after a good meal, and indigestion, we need a large burp, then PCF getting on with business as usual, and the share price getting back to the pre Placing level
20/2/2019
10:30
graham1ty: I wish the company had waited until after the AGM. A decent trading statement, a boost to the share price, a rising market and they might have raised in the high 30s. With Somers and BCB holding 66%, and taking up their entitlement, the actual raise from other shareholders is about £3.5m. Directors have said they will take up stock, so even less than that. If Somers had agreed a price at, say, 35p on the back of a solid trading statement, would not the market have followed ? Everyone likes PCF and the team, and now there is a sour taste in the mouth
20/2/2019
10:12
graham1ty: Appalling level. This will set a marker at 30p which will take months to pull away from. PCF was in the mid 40s last year, and since then they have announced they are about one year ahead of plans. This drags the share price down as if something is going wrong ?
23/7/2018
13:13
cc2014: I don't know Graham and it's annoying me now. It looks to me from the flow of trades it's just one party selling in volume and they appear to want out. They are trying to drip them into the market in a structured way so not to disturb the share price but clearly the amount they want to sell is too many and every so often the share price falls a bit further. Rather like they are on a deadline to sell their shares. I can give you the following guesses: 1. The market is generally weak on anything financial 2. Market is worried about Brexit 3. Market is worried about consumer spending after this months data was poor. 4. Someone with a decent sized holding has died and the executor of the will doesn't care too much about the price they get. I think whilst it might bounce somewhat we are stuck here for a while until the attitude of the markets changes. Some of the dividends on offer are getting pretty crazy which tells me the market has gone irrational for a while. If they fix Brexit I think you can reasonably assume a 20% rise in UK focused stocks within a two week period. Maybe more. If it's any consolation I have a large number of shares which are struggling right now and falling on what is very low volume and those which are going up it's like 5 small up days followed by a collapse in as little as an hours trading putting me back to only just above where the share price was at the start. Or put another way every time a share starts to form a decent uptrend line and I think it's about to sit on that uptrend line for the next few weeks or months someone bashes it apart. Probably deliberately. I perceive we are at a market turning point and "they" do not want shares prices to rise at the moment as "they" want to buy as much as possible cheaply. I could be wrong. Either way I'm happy to leave Scott and the team to deliver the plan. The share price will sort itself out as the plan gets delivered.
11/12/2017
10:10
cc2014: PCF has two areas of business split roughly 50/50: 1. Lending to consumers for cars 2. Lending to business for vehicles, plant and equipment It has historically funded the lending through the wholesale market and retained earnings but around March became a bank and since then is shifting from the wholesale market towards retail deposits on fixed rate bonds. This significantly reduces its costs long term (or improves NIM – net interest margin) but this has not yet showed up in the finance figures as it’s only been a few months and there have been set up costs to becoming a bank. It currently has a portfolio size of £146m, which grew by 20% last year and plans to increase this to £350m by 2020 and £750m by 2022. The banking license and being able to take retail deposits is the trigger for this. PCF currently has a market cap of £59.4m based on a share price of 28p per share, Net assets of £39.6m. If you run the P/E calculation based on underlying profits of £5m, corporation tax rate of 19% it gives a P/E of 14.7. The P/E calculation takes no account of assets though so it would seem better to look at this based on a multiple of future earnings. On this basis the market capitalisation exceeds the net assets by £59.4m-£39.6m= £19.8m which is only 4.9 years profits after tax. In summary my belief in this trade is based on: 1. The market cap is only 4.9 times current profits once existing assets are allowed for. 2. The 4.9 multiple is based on current profits. If the portfolio grows fivefold at an improved NIM then it’s clear the market cap will be higher than £59m. One could make an estimate of this. (Speculate a five bagger minimum?) 3. Although PCF have stated they have no plans to cross sell other products as a bank, they do have a banking licence. There is a thought in the back of my head that 5 years down the line, their ambitions will be different than they are today. The success of Shawbrook, Aldermore, OSB, PAG and the other challenger banks is bound to start to look attractive at some point in the future as the balance sheet strengthens. But maybe there’s a reason the share price is so low? I’ve checked the following: 1. Are the directors credible? Who knows but I’ve met Scott Maybury the Chief Executive present at an investors evening and he seemed sensible enough to me. All the directors and non-execs have been buying shares over the last year which is always a good sign 2. Is the business plan any good? Rather unusually for AIM it’s set out and available on line in this documentation pages 7-11: https://pcf.bank/media/1430/preliminary-results-presentation-december-2017.pdf 3. Maybe there will be a load of bad debts in the future? You can assess this yourself on page 12 in the above link. The bad debt write off charge has dropped from 5% in 2009 to 0.5% today and given high levels of employment I see no reason for this to worsen anytime soon. PCF only loan to prime credit customers and don’t do PCP and continue to pursue this policy and the percentage of business within the top 4 credit grades increased to 63% from 57% all year. 4.Maybe the government are going to investigate them for inappropriate lending? PCF are at the complete opposite end of the market to PFG only doing prime and no sub-prime but yet I suspect PFG is dragging down PCF share price by association. 5. Maybe the balance sheet hides a load of issues? Page 18 of the presentation is pretty clear. Of their £172m of assets, there is £2.7m of intangibles. I’m always suspicious of intangibles. In this case I suspect it’s the investment in the new banking software but whatever it is, it doesn’t really matter. Even if the £2.7m is actually worth nothing, it doesn’t affect anything as it’s negligible in size to the market capitalisation and future profits I can’t find any skeletons in the cupboard other than general Brexit scaremongering. I will be holding long term. The presentations set out the strategy and gives me a high level of conviction this will be a multi-bagger, even thought it's already multi-bagged if you bought back in 2011
Pcf share price data is direct from the London Stock Exchange
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