Funding Circle Share Price (FCH)

Trading update due within days. Anyone else got their fingers crossed they release US sale news at the same time?

DEUTSCHE BANK RESEARCH STARTS FUNDING CIRCLE WITH 'BUY' - PRICE TARGET 250 PENCE

They need stock to fill orders, wally. Its been overbought since March.

Overbought so just needs to cool off beforehand but nice rise

So I can't remember the exact numbers but it was something like £165m unrestricted cash. Current SP is about x1.5 that. So when you think of the US exit to come and a reduction in issued shares through buyback, £1 is very conservative. Once US exit complete you now have a 'profitable' business ... so 20m AEBITA for 23 and in theory growing. If you just look at a very low 6x, you are talking about 285m. That's without any outcome from the US business and growth in UK profitability...I think Flexiplay is a good play! Hearing enough about it.

I think you're £1.50 is very fair and if a company wants to pick up the business you'd think that's where they'd need to be. Even then, management might feel confident enough to bat it away and I can't say I'd blame them.