Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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.
for info if required https://www.investopedia.com/articles/investing/110613/market-value-versus-book-value.asp I wonder what the premium will be in say 1 or 2 years time?
Hmm. I would like to read the article buy I never sign up for free trials. However, even without reading it I wonder if the writer is valuing this as a bank which it isn't really, as the banking status is a vehicle to reduce wholesale borrowing costs.
The writer says that the current market cap was at a 50% premium to book value at the time of writing. He generally doesn't like to invest in those circumstances, unless he's confident about the company's ability to generate an attractive return on equity in the foreseeable future. However, he says he has invested, from which I'd assume that he does have some confidence.
You can log in / register for free -- no paywall. I'll take another look later and summarise.
Looks like that article is behind a bit of a paywall, I can only see the top part about xafinity. Care to summarise?
Interesting article on PCF: https://www.stockopedia.com/content/small-cap-value-report-fri-8-dec-2017-cer-xaf-prv-pcf-251048/
Excellent. Finding opinions from customers is part of what Phil Fisher would call "scuttlebutt" - first hand research on a company. I've been a long term holder for a while, just need some more funds to be able to top up here. The fundamentals in my view are great.
I have today had the pleasure of opening an online savings account with PCF. IMO the process was simple, speedy and highly professional. I have dealt with numerous different banks online before and this process is by far the best I have come across. So congratulations to all at PCF who were involved in the development and implementation of this system. I am now both a happy retail customer and as a shareholder extremely pleased with my investment. Tick tock
I think the market is still missing the news on this one.... Stockdale has recently upgraded H2 EPS to 1.4p - putting this on less than 10x annualised H2 earnings. They have a plan to 5x their lending over the next 4 years as they no longer have the same funding constraints. Could deliver EPS approaching 20p per share at the end of that period. In the short term, I'd be disappointed by much less than 4p in FY18. My own TP is 60p in the next 6 months and if all goes to plan �2 in 3 years.....
You are quite right! Researchers could compare the average size largecap with the average size small or microcap company and draw some conclusions about average figures. In real life we don�t select an average company; we look for individual companies with particular attributes; the statistical average company is of course of no interest.
There is also lots of research saying that investing in individual shares over passive funds tracking broad indices is pointless. We have to be careful what we listen to in investing as the academia and the practice are quite far removed from each other, aside brilliant things like john burr Williams's discounted cash flow valuation method. Whatever research says, a large mature company cannot usually grow its EPS by 100% year on year, whereas small cap companies which haven't yet grew their return on capital, profit margins, and management personnel to full capability yet certainly can do that. The management of PCF certainly seems able and interested in creating value for shareholders and growing the business for the long term
Razor, Please don't COMPLETELY agree with my point. There is lots of research concluding that low market cap companies don't statistically grow faster than high market cap companies. But I prefer smaller (under-researched) companies anyway whatever research says! Good luck with your banking and other shares!
I was pleasantly surprised to see PCF shoot from like -140 in my holdings to being at the top of my portfolio with +200 or so. Not a bad gain for a small fry and I'm going to buy more when I can as I'm here for long term value. I completely agree with your point that PCF is small so has much more potential for explosive growth than some of the more mature young banks like ALD and especially PAG. Here's hoping the price will stay steady whilst we load up!
RazorShultz, Yes a very good day today! As forother thoughts, here are some of mine: PCF Group plc mkt cap �58m Aldermore Group PLC mkt cap �766m Paragon Banking Group PLC mkt cap �1136m I would only stick with one of these banks or possibly two. I like PCF because it is much smaller than the others and I prefer the small companies with great growth potential, reverse takovers, etc. And when will Bank of Berbuda start offloading some of their shares (if ever)? If you like buy to let mortgages perhaps add ALD. I have not compared any financials so don�t base any decisions on what I write. As a diversification, still within banking, I also own shares in Arbuthnot Banking Group Plc mkt cap �188m, and they are totally different to PCF and the other two. Operates Retail Banking, Private Banking, discretionary investment , tailored investments.
Glad things are going well. Hopefully I can continue to top-up my holdings after I get paid. I'd like to build a sizeable holding in this company so I'm in for the long term. Hoping for good capital gain and dividends over the years as the company matures. I don't know much about investing in banks but I'm also in ALD and PAG. I'm worried that being in 3 different banks might mean my portfolio is overweight in financial institutions. If anyone has any thoughts that'd be nice to hear. Is PCF exposed to the same markets and risks as the others?
I'd agree with that . Now to the next stage: scaling the business. And the good headway on deposits bodes well for improving margins.
For me this update signals the end of the beginning of far more exciting and prosperous times ahead. GLA
Excellent update from PCF this morning.
results ahead of market expectations.
Just thought I'd pop in and say hi - I'm slowly accumulating shares in PCF hoping for long term gain. Seems like it's well positioned to grow, good fundamentals too. Cheaper access to funds should increase return on capital employed, which has been going up in recent years. With the P/E and PEG ratio we're seeing I think we can be confident we're buying with a margin of safety.
"2.1 million used cars sold in the UK in Q1 2017, a 3.4% rise on 2016, and the highest Q1 on record" lol https://www.smmt.co.uk/2017/05/used-car-sales-q1-2017/ Tick Tock
Still holding and thinking about adding, but getting concerned about the the fall in the sale of used cars which would have a knock on effect on profits.. Any views ?
PCF Bank included in todays Daily Telegraph "The best savings rates": "100 day notice account (issue 4) 1.45%" "5 year term deposit (issue4) 5 year 2.5% F"
Yes, I've topped up recently and that was shown as a sell too.
Bought in today, everything's showing as a sell which is clearly not the case! Lots of potential upside here GLA.