exciting prospects Scraped this note from Research Tree, it's by Panmure: "We upgrade our estimates for the third time in 12 months based on continuing improved performance and exciting prospects. With a banking licence likely this year which should accelerate growth in the higher credit quality end of the book in a market with benign competition we believe the prospects for this increasingly low risk lender are outstanding."
Panmure published a new note this morning it's up on Research Tree: "We upgrade our estimates for the third time in 12 months based on continuing improved performance and exciting prospects. With a banking licence likely this year which should accelerate growth in the higher credit quality end of the book in a market with benign competition we believe the prospects for this increasingly low risk lender are outstanding."
Trading Update - ahead of forecast This little star performer continues to deliver solid results and with the growing expectation of a full banking licence, this has all of the potential to outperform against the market for some time to come.Very pleased.
Super Interims Great interims today.
Wondering Sometimes I am given to thinking that PCF would make a nice little takeover target. It seems to be a well run business with good systems in a business that others appear to be interested in. Moreover there is a large shareholder who might be interested in cashing in their investment. With a cap of around £40m it is but a tasty morsel.Just a thought.
Re: RNS - comment Hello Roundish - Like you I am pleased to see this out of the way and glad it wasn't left until next year. I suspect though they were told that the application for a banking licence could not progress until the conversion took place.
RNS - comment It is good to get this trade out of the way since in some ways this has been hanging over the company for some time (and I still wish I could have had the trade these guys had!). However, the business is solid and growing and now with the equity base is enhanced, this assists in debt/equity ratios and should hopefully further improve the ability of PCF to access and deploy funds at greater margin over time.The lending market is still hot and although a banking license will take them a long time to secure, this higher capital base will assist them in that negotiation.This is a penny share that has a lot more potential IMHO.
Current forecast 12-6-2015 Panmure Gordon12/06/2015BUY2016 eps 1.48pDiv 0.40p2017 eps 1.76pDiv 0.50pI guess that obtaining the banking license will see these numbers and the p/e multiple rise quite nicely.m
20p at the ask on Level 2 + video For 10k the ask is now a straight 20p, although 20.5p was paid 1315hrs today for a larger lot of 24,329 shrs.Here's a new and excellent video on PCF ....hoping the link works for everyone.[link] days, I reckon.m
Excellent results today. .. which have been well received by the market. Bank application in the pipeline and talk of restructuring the balance sheet to enable a divi. While I would be happy to receive a divi I don't mind profits being retained to expand the business.
Re: Brokers Finals due about 9th June, so hopefully also some guidance at that time.m
Re: Brokers My glass is definitely still half empty. Here's hoping the banking licence finally becomes a reality and gives us all a top-up.
Entering the normal range of PE's Comparable P/E ratiosPCF 13.5PFG 23.2SUS 13.2The above are the current P/Es.Current market cap is therefore set to rise substantially as they deliver on their normal business plan. If they can continue to improve margin then we should also see a substantial upside from where we are today in terms of share price.I wasn't always a fan of boring businesses but this kind of boring I can live with! If they become a Bank, even better.Roundish
Re: Brokers Glass half-full man, eh?Add it to the.... "Not wanting to put a dampener on things but given how annoyingly large the spread always is on this, if it actually did reach 17.3p middle, then the bid would probably be 16.5, ie 0.5p above the current offer."