Shares in finance house Private & Commercial (PCF) surged by 1.25p to 9.75p after announcing a 48% rise in pre-tax profits to 0.5 million pounds for the six months to September. The numbers were driven by new business growth and loan loss provisions falling by 14%. To further boost growth the company is looking at applying for a deposit-taking licence. House broker Daniel Stewart has an 18p target price on the shares.
Red Hot Penny Share have tipped PCF.They put the kiss of death on every share they mention.eg=NEW down 94%=BIOM down 80%=STGR down 65%=WHE down 62%=FOGL down 78%=TOM down 42%=PAL down 65%=SGO down 98%=PHE down 97%=SEV down 48%=CDC down 94%=FDI down 94%=R4E down 83%=PPIX down 85%=WET down 90%=OXA down 74%=WAS down 60%=CGH down 84% and the list goes on.Don't say you weren't warned.Hopefully they might get one right this time.
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