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6/6.5 with broker notes at 15
spread down to 8% ..... that makes a nice change!
All Broker targets 15p
Simon Cawkwell - 11 Feb'10 - 03:38 - 1468 of 1470 Gentlemen, I am probably just thick. But I have not worked out why PCF is so cheap. I agree that dealing volumes and so forth are pitiful. But, even so, one would think that at current levels, say 8p, this is a put it in the tin job. Separately (in a sense) I mention that, as I listen daily to the tales of woe from UK banking in practice, I rage (internally of course) that such an incompetent bunch of grasping bozos are in effect given an exclusive licence to take deposits from the public and, let us not forget, the BoE at 0.5% and are then free to shaft the rest of us at any rate you care to dream up. That is not all: most of these licensed bozos can barely read or write. And we all have to pay for them. Truly, I loathe Brown, the architect of this disaster. Simon Cawkwell
brokers can tip it all they want but its not bloody moving!!!! And with a spread of 38% its not going to encourage buying
Broker recommendation full details Date: 28 January, 2010 Broker: Daniel Stewart Company: Private & Commercial Recommendation: Retain Buy price target 15p InterMarket Stock's recommendation rating: Buy Over all Intermarket Stock rating for Private & Commercial Buy Historical recommendations for Private & Commercial First Last 28 January, 2010 Retain Buy price target 15p Buy Private & Commercial in the news
been in for a while but i think the massive spread will be putting off buyers!! whats that all about!
Anyone joining?
May be going higher.
UKAnalyst mail out tip for PCF this afternoon. Concludes thus: Recommendation: Despite the continuing negative sentiment towards the financial sector, shares in Private & Commercial look good value for a number of reasons. On a price to earnings basis the shares trade on a multiple of just 5.7 times forecast 2011 earnings. In addition, the shares currently trade at a 28% discount to net assets of £5.87 million as at 30th September 2009. Our friend Evil Knievil is also a fan of the company, seeing it as a potential takeover target. In his own words, "PCF is a sitting duck." BUY.
Well after the 220K buy they closed down the online buy to 5K. Seems ready for a strong run so actual online prices are 7/9.5. Not sure where the next MM sits but hopefully we can start our move to the 15p Broker Target prices.
Guess this will be going higher soon.
This is going to get interesting now.
Seems someone was lucky to buy in quantity today at a very good price.
Private and Commercial (PCF) reported yesterday. It's too cheap at 8p to buy. The interesting figures (I am indebted to a storyboard) are net assets of, say, 6 million pounds compared to a market cap of only 3.4 million pounds. Further, there are unrealised profits of perhaps 27.5 million pounds before collection costs and financing costs sitting in the loan book. PCF is a sitting duck.
Well they are offering 5K max online at full offer and will take 150K so it will not take much to move it today.
a massive spread though - is this not putting people off buying their shares!
Last Buy on PLUS @ 8p
http://www.thisismoney.co.uk/markets/article.html?in_article_id=496071&in_page_id=3 Paying nearly full offer now.
Looks like it. nice rise today and hopefully the start of things to come. Had a look at the charts today and they look positive. If we get back to the days of making a couple of million profit they will reinstate the divi. Let's say they pay 1.5p and on todays share price think about the yield without taking into effect capitol appreciation on the share price. Broker note does indicate that next year we should grow as competition as some competition has closed. We should have rising markets and increased appetite for finance. A good recovery on it's way and hopefully increased margins.
is it just you and me that are in this one then!!
Just been tipped.
Makes a nice change
Trades now going through at full offer on PLUS