Sign In
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- US Share Prices
- Stock Tips
- Share Chat
- FX
- News & RNS
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
MCL.L Share News (MCL)
MCL Share
Price
MCL Share
News
MCL Share
Chat
MCL Share
Trades
MCL
Live RNS
MCL Share
Charts
MCL Broker
Ratings
MCL Directors
Deals
MCL Financial
Diary
MCL
Fundamentals
MCL Short
Positions
MCL
Media
MCL Company
Research
MCL Company
Timeline
- There is currently no data for MCL
IN BRIEF: Morses Club Sees Revenue Decrease Amid Lending Restrictions
Morses Club PLC - Batley, West Yorkshire-based doorstep lender - Reports pretax profit of GBP758,000 in the six months ended August 29, down from GBP6.7 million the year before, amid a 24% decrease in revenue to GBP50.2 million from GBP66.3 million. Says this is due to the challenges of lending to new and existing home-collected credit customers and lower customer demand during the national lockdown in the UK. Plans to pay a 1.0p per share interim dividend, down from 2.6p the year prior.
Says rate of decline in HCC customers more than halved in August, following the lifting of lending restrictions in place for new customers between March and mid-July, but expects its customer base to stabilise in the second half of its 2021 financial year.
Current stock price: 46.50 pence
Year-to-date change: down 66%
By Zoe Wickens; zoewickens@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Latest MCL News
- UK Earnings, Trading Statements Calendar - Next 7 Days
17 Dec 2020 - UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London
10 Dec 2020 - Morses Club Annual Profit Plunges But Expects Rise In Consumer Lending
27 Nov 2020 - UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review
5 Oct 2020 - Morses Club taps Graeme Campbell for CFO
5 Oct 2020 - IN BRIEF: Morses Club Making Progress In Challenging Environment
17 Sep 2020 - Morses Club in-home sales and repayments decline in H1
17 Sep 2020
Related News
IN BRIEF: Morses Club shares cancelled from trading on AIM in London
Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - AIM notifies Morses Club it has cancelled ordinary shar...
IN BRIEF: Morses Club CEO wants "explanation" as custodian sells stock
Morses Club PLC - Nottingham, England-based home collected credit provider & online lender - Chief Executive Gary Marshall was informed that a custodi...
Morses Club receives extension for facility until end of March
(Alliance News) - Morses Club PLC on Tuesday said it received an extension of its facility.
MCL.L News
IN BRIEF: Morses Club Sees Revenue Decrease Amid Lending Restrictions
IN BRIEF: Morses Club Sees Revenue Decrease Amid Lending Restrictions
UK Earnings, Trading Statements Calendar - Next 7 Days
UK Earnings, Trading Statements Calendar - Next 7 Days
UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London
UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London
Morses Club Annual Profit Plunges But Expects Rise In Consumer Lending
Morses Club Annual Profit Plunges But Expects Rise In Consumer Lending
UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review
UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review
Morses Club taps Graeme Campbell for CFO
(Sharecast News) - Doorstop lender Morses Club appointed Graeme Campbell to the role of chief financial officer on Monday, effective 12 October.
IN BRIEF: Morses Club Making Progress In Challenging Environment
IN BRIEF: Morses Club Making Progress In Challenging Environment
Morses Club in-home sales and repayments decline in H1
(Sharecast News) - Doorstop lender Morses Club said on Thursday that home collected credit sales and repayments had both declined during the six month...
Follow the stocks
