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Seller is out and new institution in - thats how I read it. T.Rowe out I reckon which is superb. Back over £1 in now time
And another 400,000, has a positive feel to it now as it wants to breakout
Looks like we have a major player accumulating here
That’s stake building pre takeover me thinks
Yes, that's a big buy - must be an II buying, what a big one that is. Now new tax yera has begun we should see some nice buys coming in
£500,000. Buy. Thats v interesting
800,000 buy at full ask.
It would make more commercial sense for the US bank to buy FC outright opposed to just the US division. I think thats a strong possibility now.
SBA forges ahead with Funding Circle license despite pushback
Decent 250,000 buy at full ask
I think you should digest that in more depth SC. The politician is frustrated we were issued with the license then we immediately started the sale process. Making it look like the licence was the key art to sell. They have already answered the Chinese question. Furthermore the disposal will need to be approved by US regulators and they have advised they are talking to well funded banks so I’m sure the politicians will be happy with FC US business going into a tier 1 US bank. I’m extremely positive about this US situation whereas your slant is over alarmist. Onwards
Crikey, that twitter profile is like opening pandora's box. Some crazy Republican's has been accusing FCH of having links to the CCP & wanting their banking license to be blocked / revoked due to them putting the business up for sale. Makes you wonder whether the reason they want to sell is due to political risk to their business upon a potential Trump win? The sooner the US business is disposed of the better!
The market is just looking for FC to offload their US loss making business for £1 . However, it appears they are speaking to well capitalised banks in the sale process so we could be pleasantly surprised.
So much good news to come and we know trading is booming. This is about to go on a big tear north.
"Evaluating interests"
Sounds like a deal is close
It's been a busy few weeks here at @FundingCircleUS where we are heads down preparing to launch our @SBAgov 7(a) small loan product while simultaneously evaluating interests in our U.S. business.
Funding Circle plc recently published our FY 2023 results and indicated that we have received expressions of interest in the U.S. business.
This suggests it’s a big US bank who they are in talks with.
Our intention is that any transaction regarding the U.S. business would be to a well-capitalized U.S. domiciled entity willing to provide the capital to enable FC USA to continue making 7(a) loans subject to SBA approval per SOP 50 56 1.
I think this explains the strong buying
https://x.com/ryandmetcalf/status/1774997753891840272?s=46
They've clearly worked out that they would eat up 10% of stock in no time. This is going North quickly now.
Rns out - wow 50% bigger buy back now will increase to 15%, they mean business as management clearly see the significant disparity between mkt cap and the underlying business value as ive said and this is truly fanstastic news
Dont be surprised if this starts to gap up on a daily basis now. Being able to now buyback another 50% on top of the current £25m is just superb.
Up to 15% stock buy back subject to Agm approval. Nice
Buyback is about to get 50% bigger based on new resolutions being proposed at the AGM.