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Results 23 May
Up 5% currently. Wish it would hold on, I don't get paid this month til after the 24th!
There was another interview, commissioned by PCF, on Tuesday 8 May with James Dolman of Capital Network. You can see his research notes on the PCF website, investors section. To listen to the interview you have to register on the Capital Network website, which I did without any hassle. I guess the interview might have sparked some of this week's interest, though I wouldn't say there was very much new in it for those who have been following this share closely. Nevertheless, definitely worth a listen.
I hadn't seen this, nice find! I have been invested since before they got their banking license too. Purely on the fundamentals and the forward projections of them. I think it's a solid company and very telling that it's chugging along nicely without much attention for it. And I don't think it will be harmed by brexit either, maybe someone else can shed some light on that one though. I am happy to keep building my position for the years to come
I agree your analysis RazorShultz. Here's a recent interview with the FD, which I only spotted today. http://www.proactiveinvestors.co.uk/companies/stocktube/9068/pcf-bank-sees-retail-deposits-exceed-100mln-9068.html
Small mcap yet, their growth strategy is going on til at least 2020, solid fundamentals, backed by good news too. I can't see any reason to do anything but keep adding. Also see this closed out at +10%....can't figure out why though!
RS agreed, a really nice few days, debating whether to topslice some or let it ride.................
Up 6%!? What's going on? Very happy though! Only downside is this will make it more expensive to keep building my holding!
IMO this share performs better when things are quiet ;-) GLA
Indeed. I am checking regularly! I am building a holding here whenever I can. But that's probably a good sign - a company quietly doing good that isn't involved in any dramatic news stories and such. Just good fundamentals
Really quiet on here for a share which is going so well
Large delayed trade of 400k @ 33p gone through, could be a buy or a sell as at midpoint, opinions?
PCF are targeting portfolio assets of �350m by 2020 and �750m by 2022 so the growth potential. I'd say given the increase in NIM from taking deposits from personal savers then the rate of near term growth should be easily achieved. Thus, I think why the share price is creeping up as the potential is realised
In the AGM trading statement, the lending portfolio was reported to be at �172m at 28 February 2018. The 5 December 2017 Stockdale research note (see PCF website) suggested a 42p target price for PCF, based on a ratio of 0.6 of the 30 September 2017 year-end lending portfolio. If Stockdale were to set a new target price, based on the same methodology and the �172m receivables at 28 February, they would presumably calculate the target price at nearly 50p -- assuming the same number of shares in circulation [172/146 x 42p = 49p ish]. The target price could go higher if they wait an extra month for the half year results to 31 March. Also, I wonder whether this rate of portfolio growth can be maintained over the next 6-12 months? Stockdale's target price could really jump up -- and, hopefully, the share price would do so too. Or am I missing something?
Is the 90887 shares �29.99k transaction, dated 19/3, a delayed buy rather than a sell?
those large transactions yesterday the end of the seller? if so could this morning's move North in SP be the start of a long awaited re rate?
PCF mentioned on stockopedia today. Hope link workds: https://www.stockopedia.com/content/small-cap-value-report-fri-2-mar-2018-snow-rbg-g4m-pcf-ihp-hvn-332368/ PCF has been on a watchlist of mine for a long time. Still haven't taken a holding in it...yet. As far as todays share price move (or lack of it), is much down to the general market being concerned there may be a trade war between the USA, Europe and China after Trumty Dumpty announcement yesterday. Many shares are down, some by a lot, so any positivity should be viewed as good. As FR has posted; patience is key. Regards and good luck CM
Excellent update, seller still arround imo but remember it was quite a large placing. More Director comments about diversification can be found in the excellent update video on the pcf website. Patience is key here imo Tick tock
Isn't it incredible that companies that are deep in debt , years away from any profits and double triple in a day...yet a profitable company with good future growth expected has the reaction it did today after its trading announcement...despite this company being tipped and undervalued, not much buying...very strange and inexplicable..
Not much to say. Everything being delivered as planned. A comment regarding other asset classifications which I interpret to mean diversifying into other finance areas. All looks good to me. Share price reaction a bit muted
I hope the share price doesn't rise too much yet - I've only got 10K shares here and when I get paid have to top up BGO since they release final year results in March. Would very much like to get enough shares of PCF to join in the sense of achievement when it eventually re-rates. Planning on holding a very long time here.
Yes, buys showing as sells could be an indication that the SP won't be staying at these levels for much longer. Also with reference to p.35 of Annual Report 'Substantial shareholdings' and Directors hold approximately 80% of ordinary share capital so not that many in free flow. Could we get some news/update prior to AGM 2 March? GLA
Bit by bit the share price seems to be moving up ahead of the trading update which is due shortly. It does seem safe to say we have finally cleared the large seller which was holding the price back over the last couple of months. Hopefully this is the start of something good.
"The potential for PCF Bank is substantial and our journey has only just begun". (Scott Maybury 2/2/18 p.9 Annual Report & Financial Statements 2017) Exciting times ahead IMO GLA
I got an email from Savings Champion today, pcf is in their best buys table and won their 2018 best new provider award. I wish I had more funds to top up, as this is one of my 2 biggest holdings. I�m pretty new to investing but hoping I can start to see real growth success in my portfolio with this. I�m holding a few steady shares and have yet to feel that achievement when an investment pays off. I haven�t lost money aside share price drifting so I am happy to hold excellent companies.