Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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sold some of RMP.Planing to buy some here..any idea? seems low volumn for long time.
Morning,BVM!
ok letting u buy at 7.18p
Market cap: 3.4M...sale is £11.5M..very undervalue.I will buy if i can
Max online buy 100 quids worth
Cant buy even £500.
buys going to neg trades cant get a qoute for 100 shares can sell all at 6p
Yes seen that too should add a few extra pence after todays rns
Thanks mate just added a few more saw the rns this morning and looked at mkt capital looked very cheap.
Market capital 3.2 million sale of 12 million surely undervalued anybody know how much debt they have to pay out of this,cant seem to find it.
Thursday 08 March, 2012 Private & Comm. Fin. Sale of Leasing Receivables RNS Number : 9216Y Private & Commercial Fin Group Plc 08 March 2012  PCF.L/Index: AIM/Sector: Speciality & other finance 8 March 2012 PRIVATE & COMMERCIAL FINANCE GROUP PLC SALE OF LEASING RECEIVABLES The Directors of Private & Commercial Finance Group ("PCFG" or the "Company") are pleased to announce that the Company's wholly-owned subsidiary, PCF Equipment Leasing Limited, has agreed to sell its portfolio of leasing receivables to Aldermore Bank plc. The sale will complete on 12 March 2012. The consideration for the sale is £11.5 million which represents a premium over the book value of the receivables. The consideration will be received in cash and the proceeds of the sale will be used to repay senior debt, reduce the equity gearing ratio and further strengthen the Company's balance sheet. The sale of the receivables accelerates a profit that would have otherwise been attributed to future accounting periods. A profit, net of fees, of £151,500 arising from the sale will be recognised in the current financial year and will result in profits exceeding market expectation. The sale also benefits the Company by crystallising a deferred tax asset in PCF Equipment Leasing Limited. The Company was advised on the transaction by FTI Financial Services. Scott Maybury, CEO of PCFG commented:"This transaction, which boosts our profitability in the current year, is another step in our strategy to extract value from all areas of the balance sheet and to further enhance the rate of return on assets employed. The Company will continue to operate in the sector and will grow a similar portfolio of high yielding leasing receivables which will be funded by the new and increased facilities announced in our recent Interim Accounts."
http://www.investegate.co.uk/Article.aspx?id=201112130730128163T
Private & Commercial (PCF) retained its "buy" rating from Daniel Stewart, with an increased target price of 12p, from 10p. The broker notes that the finance house achieved interim pre-tax profits of 242,000 pounds, well ahead of last year's 150,000 pounds despite an 8.5% contraction in revenues to 26.9 million pounds. Daniel Stewart approves of the acquisition of a 6 million pound motor finance loan book in July which is proving to be earnings enhancing, but warns that organic growth has been challenging as businesses are less willing to take on additional debt. The shares were unchanged at 7.375p
Chart analysis looks very strong http://www.barchart.com/quotes/stocks/PCF.LS
Nice new website. Last Broker target was 14p which can be found on the web http://www.pcfg.co.uk/
This could be big if we get another move higher today.
And how many handles did you have on ADVFN to ramp with loveit or terry91 LOL you really take the biscuit.
Many sites do you push your ramps on then ? Just out of interest you make reference to others being banned from other sites, did you use to post as avoint and knowing and the knowing and now post on advfn as the avoint, that would suggest you have been banned several times yourself from that site ?
http://www.pcfg.co.uk/uploadDocuments/590_d_Westhouse%20Securities%20-%2028%20July%202011.pdf
Seems like this could go higher quickly
One day this will be back up to the 15p level again. It's been good news all the way but no re rating as yet
Don't mention they are paying a premium.
Acquisition TIDMPCF RNS Number : 2186L Private & Commercial Fin Group Plc 28 July 2011 PCFL / Index: AIM / Sector: Speciality & other finance Private & Commercial Finance Group plc ('PCFG' or 'the Group') Acquisition Private & Commercial Finance Group plc, the AIM quoted finance house, is pleased to announce that it has completed the acquisition of a GBP6 million portfolio of receivables comprising 2,300 hire purchase agreements financing motor vehicles ('the Portfolio') from North Herts Credit Company Limited ('the Vendor'). The consideration for the acquisition of the Portfolio is GBP4.5 million in cash. The acquisition increases the Group's portfolio of receivables to GBP110 million and will positively impact FY 2012 turnover by approximately GBP2.4 million. Scott Maybury, CEO of PCFG commented: "This transaction, which is earnings-enhancing, is another step in our strategy to actively grow the Group's portfolio. We are on the lookout for future acquisitions and ideally these would be of a comparable size and for leasing or hire purchase assets suitable for our business finance division."
Little stock out there.
Daniel Stewart reiterated its "buy" recommendation for Private & Commercial Finance (PCF) but with a reduced target price of 10p, down from 15p, following results from the AIM-quoted finance house that showed a 14% drop in pre-tax profit to 455,336 pounds for the year to 31st March 2011. Despite reducing its 2012 forecasts to reflect the portfolio contraction seen last year, the broker believes PCF is well positioned with fewer competitors allowing increased margins on new business