FCIF.L Share Price (FCIF)

Sounds more like a consumer review than investment advice. Think I'll write a bad review for Stagecoach, have had some horrendous bus journies lately. Come the Revolution, Stagecoach could burn.

Its a non bank lender with a website and a market place. FC is as old school as it can get regarding lending approach. Having tried to get a loan I still had to submit scanned bank statements, accts all to human being to turnaround in a few days - that is not tech by any means. These days this can all be done in a risk sensitive way without the need for human intervention. FC op costs are massive as a result. It takes PGs which ae illusory security - I can issue as many PGs as I like the only issue is when my creditors come to collect - bad luck get in the queue. It has to spend a fortune to keep its pipeline going. A recession may well be around the corner. this has a short bet written all over it - take a peek at lending club in the US to see a forward view of FC share price IMO. This could be the last minute .com event

100.4 is a buy rather than a sell - so tight margins at the moment.

Industry changer