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It was tipped by Midas over the weekend.
I'm pleased to see that the share price has risen with the tip and not that many sellers have come out at the psychological 40p. All suggesting most holders of this stock have a good level of conviction about the future and aren't flipping for a few pence.
Pleasantly surprised to see the price jump, after buying in at 35p. Has the market got wind of something positive?
I'm feeling positive about the long term outlook here :)
Indeed! Been very quiet here, but I check in every now and then. This is one of my absolute best investments. I've been going with more speculative plays with BMN and INFA, but PCF has a good history of earnings and EPS growth. It is just a great company based on its continued earnings and increased performance. It is my favourite solid, reliable holding and I wouldn't be scared to top up more if I had the funds available currently
Good find.Looks like they have been headhunting some heavies.Should be due an update soon.
PCF taking on more senior staff -- hopefully the business is growing in line with plans: http://www.broker-world.com/news-details.php?ID=1817
Great interview containing some very good questions imo. I especially liked the following included in the answer to the first question "Going forward, Somers recognises that a larger free float would be helpful in attracting additional institutional investor interest but believe that our plans should see the share price more accurately reflect our prospects". I wonder what SP they have in mind?
Excellent read! Gives me more confidence we're holding a great company which hasn't been noticed by a lot of the market.
Investor Graham Neary's website has an interesting interview he had recently with PCF's CEO Scott Maybury: https://nearyinvestments.com/2018/06/interview-with-scott-maybury-ceo-of-pcf-bank-pcf/
I've just read the report linked on their investors page. Sounds like CN's analyst is very positive on this company too. I am very happy to keep building my stake here quietly!
There's a link to the Capital Network report on PCF's investors' web page. I didn't see the link there last week, though maybe I missed it. The report includes the 55p share valuation.
Oh i didnt realise it was on youtube, i went to capital networks website!
Does this link not take you straight to the video? https://www.youtube.com/watch?v=f9hjsLy8cWo&feature=youtu.be If not, James Dolman reels off a lot of figures from the recent results. He doesn't mention the share valuation but, in his written report on the Capital Network website, he suggests 55p, based on EPS of 3.84p by y/e 2020.
Says I have to log in to see the video, can you summarise it?
There's a new interview with James Dolman from Capital Network -- link on PCF website. He runs through the latest reported numbers and then gives the rationale for the uplift in Capital Network's target share price for PCF.
The following was the bit I liked in the brief article I read. "The half-year results didn't disappoint and are highly supportive of the ongoing re-rating".
Just wrote another article about PCF! Good to see
That sounds very good then. A stable cost base which lets increasing turnover fall right through to bottom line is a nice thing to have!
Link to 25 May 2018 interview with PCF's CEO Scott Maybury https://www.youtube.com/watch?v=r4dN3fh7zh8&feature=youtu.beOr you can get the link from the PCF web site, investors page. Scott sounds very upbeat about future prospects and operational gearing, saying that overheads are mainly fixed and so any increase in turnover should have a big impact on the bottom line.
Just to clarify, when I said "I did a lot of that", I mean sat back and watched, not sold out. I see you're looking to get back in and might suggest that you hold for the long term as they work at their strategy - we are confident in the fundamentals here and even if there is a fall we can hold steady. I won't be selling out if it drops. I don't want to be out of market for this, and will consider topping up today as I now see an 8% drop. And yes, the RNS is very positive. Looks like they are being prudent and are looking for long term growth and value. They are also trying to mitigate risk and are even preparing for worsening economic conditions. Who knows how things will be once brexit actually happens? Overall I'm happy.
"Our focus can then turn to a strategy of diversification". IMO this is the news the market is waiting for Nevertheless an excellent set of results IMO. I have to say as both a long term investor and customer I am very pleased so far Onwards and upwards
Hi RS, I sold out so as to lock in a decent profit. Too many times I have sat back and watched hard earned gains slowly disappear, not on this one. Think it�s a great long term hold so will look to buy in, if it retraces to mid 30s.
Some snippets from the RNS, which I found interesting: - Earnings per share was maintained at 0.8p (2017: 0.8p) and, as the lending portfolio grows against a largely fixed cost base, we will deliver increasing profitability. - The next development for our savings platform is the introduction of a range of products for corporate customers and this is expected to be launched later this year. - The largest increase in new business originations came from our Business Finance Division, where new volumes increased by 111% to �41 million (2017: �19 million). This builds on the impressive performance in the previous year and for the first time saw Business Finance become the largest part of our lending portfolio. - 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.
When you say step out do you mean you sold out? Or you just sat back and watched? I know I've done a lot of that myself recently
RS, I think that given the recent rise a lot of it was already priced into the SP. I had held for some time for late 20s early 30s and think the prospects are great but decided to step out and watch given the recent significant rise on no news.
I see the market hasn't reacted to the news!