London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
you might be able to get more at 30 if that 150k sell is jupiter again...
Should have waited, you could have got more at .33.
Sold at 42, just bought back in at 37
Have to start somewhere lol.... (now that's 2!)
Lol first post ever son mmm
Sold all my TUI shares to go all in here. Logic simply that small cap prices are distressed and are yet to to see the equity rally seen in large cap. It's also very close to its 52 week low and not too far off its lowest pandemic price in March 2020. The swing to profit last quarter and healthy cash balance for FCH definitely helped too, don't see delinquencies as a big risk given it has stopped retail P2P lending with a focus on corporate. Unless a severe general market downturn (very possible) it should be onwards and upwards to the next results announcement.
3 buys x 1 million shares should offer some hope for a return to more normal value.
What's are the prospects with this, looks like the last results were good. Not sure why the price has dwindled since though. Probably more with the outlook.
Or someone wants to create fear in the market so they can buy in cheap
It seems as though someone has decided Funding Circle doesn't have much of a future.
One final top up to bring my holding to 20,000 shares.
Will hold for 150p
Also Jupiter has been going down hill for sometime so they may be forced to sell in order to satisfy the withdrawals.
See it as an opportunity. I added more at 41p just now.
The business and numbers are good, the share price will always reflect the actual value eventually.
Yes, apologies, I meant Jupiter fund. And still the share price continues its fall
You mean Jupiter fund? I can't see any JPM sells
So JP Morgan have been off loading. Share price trading at a 70% discount to this time last year despite a positive annual report and positive news since then. Hopefully its reached the bottom of the downwards trajectory and can start to show some growth. An institutional buyer would perk things up.
Bizarre share price movement again. Year lows followed by 20% rises although I do think someone had been dumping starts which probably accounts for the low price. I expect to see a TR1 shortly.
Market can be very irrational in the short term. I see this going back up 120-160 within 2 years.
A 3rd of the price per share compared to this time last year. Positive news seems to have a negative effect on this share. I wonder why the market sentiment is so particular poor on FCH at the moment. I know there's not much good news out there but FCH appears to be in good shape.
Have been watching this for sometime now. Decided to start a new position here today at 56p. MArket cap is now below the cash value, the market is pricing the company at zero at the moment which is crazy if you ask me
STAMFORD, CT, March 22, 2022 - Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it has partnered with Funding Circle (LSE: FCH), a leading online small business lending platform, to provide loans to their small business customers.
Powered by Funding Circle's world class machine learning and technology platform, Pitney Bowes will offer small business term loans to their customers, who will benefit from Funding Circle's streamlined online application and loan origination process with market competitive rates. With these capabilities, customers will be able to get access to critical funds in as little as 48 hours.
This pilot program aims to advance the lending experience for Pitney Bowes small business customers at a time when many small businesses are increasingly looking for growth capital. Seven in ten business owners (72%) have said they feel they will need financing this year, according to Funding Circle's 2021 Small Business Survey [1].
"America's 32.5 million small businesses are the driving force behind our economy, but the number of small business loans approved by large banks has halved in just two years," said Christopher Johnson, Senior Vice President and President, Pitney Bowes Financial Services. "Our partnership with Funding Circle will help business owners on Main Street get the working capital they desperately need to grow their business. In addition, it positions Pitney Bowes for long-term growth, as we create new value for our clients with new offerings."
Share PricesFunding Circle Share PriceFunding Circle Share NewsBerenberg starts Funding Circle at 'buy', shares surgeFunding Circle Share News (FCH)FCH Share
PriceFCH Share
News3FCH Share
ChatFCH Share
Trades41FCH
Live RNS
FCH Information
Buy FCH SharesAdd FCH to WatchlistAdd FCH to AlertAdd FCH to myTerminal
Share Price Information for Funding Circle (FCH)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:72.90
Change: 10.90 (17.58%)
Last checked at 13:54:23
FCH News FCH Professional News
Berenberg starts Funding Circle at 'buy', shares surge
Mon, 21st Mar 2022 11:34
(Sharecast News) - Funding Circle surged on Monday after Berenberg initiated coverage of the stock at 'buy' as it took a look at specialist lenders.
The bank, which set a price target of 120p on Funding Circle, noted that the company has developed a highly automated lending platform with about £4.5bn of loans under management.
"The first few years as a public company have not been easy for Funding Circle - its valuation has fallen by circa 80% since its IPO in 2018. However, we view this pessimism as somewhat misplaced. The company has already addressed a number of the issues with its business model and, from the start of this year, has had a new CEO at the helm."
Berenberg said there are growth opportunities for Funding Circle both in its existing market and with the launch of new products.
Financial summary:
· Operating income of £165.5 million (2020: £155.7 million) up 6.3% driven by higher servicing fees.
· Investment income of £41.4 million (2020: £66.3 million) down 38% as investments were monetised in line with strategy.
· Total income of £206.9 million (2020: £222.0 million) down 7% as a result of anticipated lower investment income.
· Fair Value gain of £28.6 million (2020: losses of £118.3 million) due to positive revaluations, reflecting underlying credit performance.
· Net Income of £235.5 million (2020: 103.7 million) up 127% reflecting positive revaluations in Fair Value.
· Loans under management of £4.46 billion (2020: £4.21 billion) up 5.8% and originations of £2.30 billion (2020: £2.74 billion) down 16% year-on-year, reflecting the conclusion of CBILS and PPP.
· AEBITDA of £91.8 million (2020: negative £63.8 million), UK business AEBITDA of £61.9 million (2020: £6.5 million).
· Operating expenses reduced 12% to £167.4 million (2020: £191.3 million) following cost management initiatives.
· Operating profit of £64.2 million (2020: negative £106.3 million), UK business: £44.3 million operating profit (2020: negative £7.9 million).
· Net assets of £288.0 million (2020: £217.6 million), up 32% and comprising £224.0 million cash (2020: £103.3 million).
Lisa Jacobs, CEO, said:
"2021 was a successful year for Funding Circle. We continued to deliver a superior customer experience through our world-class technology, with over 70% of UK applications now receiving an instant decision. SMEs are increasingly using digital channels to manage all aspects of their business and this trend is here to stay.
Our focus for the last two years has been on profitable growth and today's results highlight the excellent progress we have made. I am particularly proud to announce AEBITDA of £92 million and £64 million of operating profit, exceeding our previous guidance.
We are in a strong position as a business and as we look ahead to the rest of 2022 and beyond, there is a bright future ahead of us. A decade of R&D is now coming to fruition as we begin to empower small businesses to not only borrow, but pay and spend as well".