Pcf Share Discussion Threads

[the big fella] 23/5/2018 12:03

They dont pay an interim dividend currently.

[123davidgwilym] 23/5/2018 11:55

No mention of dividend plans.

[cc2014] 23/5/2018 10:57

I'm in agreement Big Fella. People's time horizons are so short these days. I am rather hoping to still be invested in ten years time and looking a huge multi-bagger.

I note the following which suggests to me PCD Bank will progress in due course due a diversified lending profile. i.e. a bank offering all the range of products but without branches.

We are well positioned for continued growth and for the achievement of our 2018 strategic priorities. Our focus can then turn to a strategy of diversification. Our ambition is to introduce new lending classes and sectors to broaden and balance our existing portfolio. The medium-term objective of a GBP350 million portfolio by 2020 is within our sights and while organic growth in existing products is the main driver for that target, the longer-term objective of a GBP750 million portfolio will require acquisitions, strategic partnerships or the setting up of new specialist teams. This wide range of opportunities needs to be carefully researched and we will be most attracted to those which use technology as the enabler for growth and to those that provide synergies with our current infrastructure and customer base.

[the big fella] 23/5/2018 10:27

Given the recent run it is hardly surprising that we have fallen back a little today. In the current market if it can't happen immediately people sell up and move on. However this company is undergoing a transformational period. It really isn't about todays results. If you have the ability to see what they are building here in 2 years time you will reap the rewards, and some will be wondering why they could not demonstrate a little more patience as they are paying a multiple of todays price to buy back in.

[graham1ty] 23/5/2018 07:18

Pretty good results. Eps, ROE held back by the higher cost base. However, anyone looking at the two year (£350m) and four year (£750m) targets will remain very happy

[geraldus] 15/5/2018 10:37

Was that a large 180k trade that showed briefly at 10.30?

[cc2014] 15/5/2018 10:29

On a mission again today on minimal volume. Not sure why but maybe I'm smiling

[geraldus] 14/5/2018 14:48

I think they could well target on line business / commercial loans.

[cc2014] 14/5/2018 13:18

I listened to the video this morning. Strangely there's nothing new in it compared with 12 months ago so it's playing out to a new audience.

Having said that the directors are delivering what they said they would a year ago so, rather than just committing to it so that would make a difference.

I see there's also another Capital Networks note out about a month ago. Not much new in that either except for two things:

1. Suggestion that PCF will keep taking more retail deposits in the coming months and another £50m can be achieved with ease. Great news

2. Suggestion of taking commercial deposits. New one on me although obvious. Suggest these deposits are likely to be fixed term deposits for medium to long duration. The interest charge to PCF will be lower than retail thus enhancing margins but I'm more interested in this being diversification into a bank with all the cross-selling opportunities that come with it.

[geraldus] 11/5/2018 22:28

Apparently there is a video on Proactive with James Dolman from 8/5.Unable to access it myself.

[geraldus] 11/5/2018 17:02

Great day today on decent volume.Banks back in favour?Have an idea we might get details of their asset diversification with the interims on the 23/5.

[carcosa] 11/5/2018 16:09

Indeed 'wow'!

Well, I had pencilled in a share price of 0.6x Portfolio Value which, assuming the Portfolio is now c200m means the share price should be 51p at the moment. However the way it is getting there seems to imply something else is going on behind the scenes; x3 times typical market volume today.

[cc2014] 11/5/2018 09:20

And 37 on the bid.

I see we have a new MarketMaker who I thing has popped up today. KBWL whoever they are? Kleinworth Benson? I'm not sure.

Good to see the number of marketmakers increasing and shows good interest in PCF as they grow. We have 7 marketmakers now.

[geraldus] 10/5/2018 14:59

38 pennies paid.

[cc2014] 09/5/2018 12:22

All looking good. Checking my chart in post 2395 it looks like we are now safely through the resistance point at 34.5.

Usually a very good sign.

[the big fella] 09/5/2018 11:57

Looks like we are on our way north again

[cc2014] 08/5/2018 13:14

I'm surprised this hasn't ticked up a tad on this morning's Virgin Money takeover announcement.

[cc2014] 03/5/2018 09:31

This is going really well. I see the MM's have had to open up the spread to discourage buying until they get their book flat again.

[cc2014] 02/5/2018 10:36

Chart showing resistance at 35p for those that love charts.


I got lucky Geraldus. I have no idea why the share price dipped 10% below the rights issue price and the price all the directors were buying at, but that was enough incentive for me. There was reasonable volume too for a couple of days to get in.

This has been the easiest and best trade I have seen since the market collapsed after the referendum. All the required research was set out in the research notes on the PCF website.

Easy to say in hindsight I guess as I have plenty of other trades I consider to be good which aren't moving up like I think they should.

[geraldus] 02/5/2018 09:53

I remember your purchase CC when the price dipped briefly for no particular reason.I myself had been buying quite a few but at 10% dearer prior.Results in a fortnight,might get some news on their asset diversification.

[cheshire man] 02/5/2018 09:52

I too got in early and added along the way, certainly one to hold onto IMV :-)

[cc2014] 02/5/2018 09:39

34p on the bid now and all the limit sells at 34p fired at 34.3p suggesting MM's want stock which would fit with that late trade last night of 54k shares at 34.5 which Peel are struggling to balance their books on.

I am very happy with this trade as I've said before. It's turning out to be my best trade of last year as I got the majority of my holding at 23p and added a few extra at 25,26 and 28p.

Nothing to do but sit here for the next 4 years and watch this play out. Hopefully by the time we get to 2022 Scott will have set some more ambitious targets long before then and I'll be holding these into my retirement.

[cheshire man] 02/5/2018 09:03

They have indeed Graham now lets have some volume to push past that 34p resistance, happy to hold and tuck away :-)