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http://www.pcfg.co.uk/pdfs/PCF_27_June_12.pdf http://www.pcfg.co.uk/pdfs/Westhouse_Securities_26_June_2012.pdf
Outlook The economic environment will remain challenging for the foreseeable future. Even so, we intend to continue to improve return on assets towards our medium term goal of 2% after which we hope to be in a position to recommence the payment of dividends. New initiatives will generate portfolio growth and the quality of our portfolio will underpin this performance.
PCFG's CEO Scott Maybury said, "These results reflect a solid performance from our portfolio, delivering increased profits, good earnings per share growth and a much improved return on assets compared to 2011. The sale of receivables in the year has reduced our tax charge and made a significant contribution to meeting our objective of normalising our tax rate and thereby further improving earnings per share. "Since year end, we have obtained a further £4 million bank facility which, along with the £15 million announced in our Interim Report, will be utilised to finance new business originations, replace the receivables sold and further improve the performance of the Group."
Shares in Private and Commercial Finance Group (PCF) jumped by 0.75p to 4.75p as the lender reported a 67% surge in pre-tax profits to 761,000 pounds for the twelve months to March thanks to a significant improvement in the performance of its loan portfolio and the sale of 11 million pounds of receivables at a premium to its book value. New business advances totalled 37.9 million pounds for the year, marginally down on the 2011 figure, however the firm noted that with 19 million pounds in additional bank facilities provided to it in the last six months, performance of the group will further improve this year.
With an illiquid share like this makes all the difference.
Offer has now crept up to the stage where we should see this move shortly.
Big order being filled?
http://www.pcfg.co.uk/pdfs/Daniel_Stewart_-_29_May_2012.pdf http://www.pcfg.co.uk/pdfs/Westhouse_Securities_-_24_May_2012.pdf
Looks like a large buy going through
Great opportunity unfolding.
Available here http://www.pcfg.co.uk/
Nice to see the holding RNS. Now the recovery can start.
Looks like a large sell today has removed the last of the stock. This should now start to move higher.
I would like to hope so as only 250k available and this is quite illiquid. Broker targets of 14p+ and a positive recent update but thanks to a distressed seller we have this ridiculous price.
Slight increase in the offer from yesterday with 250K available.
People said that bout FRR and look how quickly it turned. Read the post below.
its worth staying away from any share at the time being all is falling day by day
Well worth having a look at is PCF. They have been paying off debt and have issued a bullish trading update. http://uk.advfn.com/news/UKREG/2012/article/52220429 Old Broker notes had a fair value of 14p http://www.pcfg.co.uk/research A combination of the market and a seller has driven the price down to under 3.25p to buy presently. Will be interesting when it picks up.
3.25 to buy....make mental not to buy when funds available
Riddler this tiddler is off the radar but looks excellent value. Have you seen the old Broker notes?
Hi, just sought you out to say hello and I hope you are doing well. I am sat waiting for SER to 'explode', 'whoosh' or 'boom', whatever it is the excitable types say on here. ATB
Thanks for the feedback.. The spread is my worry.. Prob sit this one out and watch from the sidelines ..cheers..
morning mate... where to do u see this. short term pls?..
We might get another rns on completion of sale which is only 4days away,but i think the full yr results will show good profits,which are due in june as mentioned in rns profits will be exceeding market expectations.
lack attention at the momnent...will buy if volumn pick up.thanks anyway