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Director dealings: Morses Club's banker shows faith in non-standard lender

Thu, 22nd Dec 2016 15:46

(ShareCast News) - Morses Club director Peter Ward has snapped up £236,000 worth of shares in the UK's second largest home collected credit lender.Non-executive Ward, these days a venture capital specialist after 23 years as a commercial and corporate banker at RBS, bought 200,000 shares at a price of 118p per share, doubling his stake in the company following another purchase of the same size in October.That previous deal was made at a price of 129.625p, which was around the company's all-time high after floating on AIM in May with a £68.5m placing priced at 108p.Morses Club, which markets a range of non-standard loan products through a combination of traditional and online marketing channels, floated as its management and backers saw great potential for its products and the personalised nature of its services amid what is felt to be a changing market for home-collected credit in the UK. October's interim results for the twenty-six weeks to 27 August showed revenue up 8% to £47.2m on a net loan book that grew 5% from last year to £56.2m thanks in part to a 2.1% increase in customer numbers to over 207,000, helped by three acquisitions.Although profits were just below flat, the company paid a maiden interim dividend of 2.1p per share and said it expected market activity to increase in the second half, with market share growth coming via a focus on more territory builds, acquisitions and increased lending. "The company continues to make good progress on its growth strategy of broadening its reach and potential customer base through the development of our digital platform to provide additional services and products for our existing and new customers, accessing different markets," said CEP Paul Smith."The early success of the Morses Club Card gives the company confidence that there is significant demand for new products."Top Director BuysMorses Club (MCL)Director name: Ward,PeterAmount purchased: 200,000 @ 118.00pValue: £235,999.99Satellite Solutions Worldwide Group (SAT)Director name: Clifton,Simon Amount purchased: 2,500,000 @ 7.70pValue: £192,500.00Coats Group (COA)Director name: Bull,NicholasAmount purchased: 150,000 @ 52.50pValue: £78,750.00Marechale Capital (MAC)Director name: Warde-Norbury,Mark W AAmount purchased: 4,050,502 @ 1.75pValue: £70,883.79Coats Group (COA)Director name: Boddie,SimonAmount purchased: 100,000 @ 51.50pValue: £51,500.00Henderson Group (HGG)Director name: Desai,KalpanaAmount purchased: 20,000 @ 234.63pValue: £46,926.00Senior (SNR)Director name: Bodenham,AndrewAmount purchased: 20,366 @ 192.00pValue: £39,102.72Bca Marketplace (BCA)Director name: Palmer-Baunack,AvrilAmount purchased: 10,684 @ 186.13pValue: £19,885.86Advanced Oncotherapy (AVO)Director name: Vanni ,Enrico CiproAmount purchased: 25,000 @ 59.75pValue: £14,937.50Anglo American (AAL)Director name: Rutherford ,Jim Amount purchased: 1,172 @ 1,138.00pValue: £13,337.36Anglo American (AAL)Director name: Hampton,Philip RAmount purchased: 807 @ 1,138.00pValue: £9,183.66Wolf Minerals Limited (WLFE)Director name: Hopkins,John Amount purchased: 100,755 @ A$0.12Value: A$7,238.90Marechale Capital (MAC)Director name: Booth-Clibborn,PatrickAmount purchased: 397,810 @ 1.68pValue: £6,663.32Physiomics (PYC)Director name: Millen,James SimonAmount purchased: 200,000 @ 2.50pValue: £5,000.00Wolf Minerals Limited (WLFE)Director name: Hugh Beevor,RonaldAmount purchased: 50,378 @ A$0.12Value: A$3,619.49Wolf Minerals Limited (WLFE)Director name: Royston Clarke,Nicholas Amount purchased: 50,378 @ A$0.12Value: A$3,619.49Wolf Minerals Limited (WLFE)Director name: Newport,DonAmount purchased: 50,378 @ A$0.12Value: A$3,619.49Anglo American (AAL)Director name: Ramatlapeng,MphuAmount purchased: 243 @ 1,138.00pValue: £2,765.34Johnson Matthey (JMAT)Director name: Garner,Nicholas Amount purchased: 15 @ 3,118.81pValue: £467.82Johnson Matthey (JMAT)Director name: Kelleher,AnnetteAmount purchased: 12 @ 3,118.81pValue: £374.26Johnson Matthey (JMAT)Director name: Walker,JohnAmount purchased: 12 @ 3,118.81pValue: £374.26Johnson Matthey (JMAT)Director name: Garner,Nicholas Amount purchased: 12 @ 3,118.81pValue: £374.26Johnson Matthey (JMAT)Director name: MacLeod,RobertAmount purchased: 12 @ 3,118.81pValue: £374.26Johnson Matthey (JMAT)Director name: Farrant,SimonAmount purchased: 12 @ 3,118.81pValue: £374.26Pennon Group (PNN)Director name: Loughlin,ChristopherAmount purchased: 18 @ 832.93pValue: £149.93Kaz Minerals (KAZ)Director name: Southam,AndrewAmount purchased: 42 @ 355.30pValue: £149.23Pennon Group (PNN)Director name: Davy ,Susan Amount purchased: 15 @ 832.93pValue: £124.94Paypoint (PAY)Director name: Wilde,Katy Amount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Watkin-Rees,TimAmount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Court,Susan Amount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Taylor,DominicAmount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Alcraft,Lewis Amount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Marchant,JonAmount purchased: 13 @ 949.00pValue: £123.37Paypoint (PAY)Director name: Earle,GeorgeAmount purchased: 13 @ 949.00pValue: £123.37Top Director SellsParagon Group Of Companies (PAG)Director name: Heron,JohnAmount sold: 172,853 @ 400.36pValue: £692,034.29Amerisur Resources (AMER)Director name: Harrison,John NicholasAmount sold: 750,000 @ 26.00pValue: £194,999.99Amerisur Resources (AMER)Director name: Clarke,Charles GilesAmount sold: 750,000 @ 26.00pValue: £194,999.99Easyjet (EZJ)Director name: Findlay ,Andrew Amount sold: 13,640 @ 1,024.00pValue: £139,673.60Nanoco Group (NANO)Director name: Edelman,MichaelAmount sold: 344,057 @ 40.50pValue: £139,343.09Gattaca (GATC)Director name: Dyer,TonyAmount sold: 13,489 @ 286.99pValue: £38,711.74Gattaca (GATC)Director name: Lewis,KeithAmount sold: 13,489 @ 286.99pValue: £38,711.74Senior (SNR)Director name: Bodenham,AndrewAmount sold: 8,153 @ 191.40pValue: £15,604.84Nanoco Group (NANO)Director name: Edelman,MichaelAmount sold: 31,166 @ 43.00pValue: £13,401.38Management Consulting Group (MMC)Director name: Halkes,Nigel Amount sold: 60,000 @ 4.03pValue: £2,418.00Nanoco Group (NANO)Director name: Edelman,MichaelAmount sold: 4,777 @ 44.00pValue: £2,101.88
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Morses Club increases loan facility

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27 Nov 2018 12:49

Morses Club Secures Increased Revolving Loan Of GBP50 Million

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4 Oct 2018 09:45

Morses Club hikes interim dividend following solid growth in first half

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4 Oct 2018 09:32

Morses Club Outlook Confident As Interim Profit Up On Higher Revenue

LONDON (Alliance News) - Morses Club PLC on Thursday expressed confidence for the reminder of the year after its profit grew in the first half of its current financial year.The lender said

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26 Sep 2018 12:53

Wednesday broker round-up

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30 Aug 2018 13:50

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30 Aug 2018 12:57

Morses Club First Half Trading In Line With Management Expectations

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30 Aug 2018 09:51

Morses Club hails strong trading in first half

(Sharecast News) - Home collected credit lender Morses Club said on Thursday that it performed "strongly" in the 26 weeks to 25 August, in line with the board's expectations.

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11 Jan 2017 09:56

Morses Club announces acquisition of Shelby Finance

(ShareCast News) - Home collected credit lender Morses Club has announced the acquisition of Shelby Finance, a provider of online instalment loans, for an undisclosed sum. Morses said the deal is an important strategic development as it will accelerate the launch of a new, branded online instalment

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14 Oct 2016 13:54

DIRECTOR DEALINGS: Morses Club Non-Executive Buys First Shares

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1 Sep 2016 11:53

Morses Club trading in line with expectations since AIM listing

(ShareCast News) - Credit lender Morses Club said since listing on AIM in May the company is trading in line with expectations. Total credit issued rose by 16% to £66m for six months to 27 August, compared to the same period last year, due to expansion in new territory, strategic growth initiativ

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Morses Club To Be Valued At GBP140 Million In AIM Float (ALLIPO)

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