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
- Morses Club increases loan facility
27 Nov 2018 - Morses Club Secures Increased Revolving Loan Of GBP50 Million
27 Nov 2018 - Morses Club hikes interim dividend following solid growth in first half
4 Oct 2018 - Morses Club Outlook Confident As Interim Profit Up On Higher Revenue
4 Oct 2018 - Wednesday broker round-up
26 Sep 2018 - Thursday broker round-up
30 Aug 2018 - Morses Club First Half Trading In Line With Management Expectations
30 Aug 2018 - Morses Club hails strong trading in first half
30 Aug 2018
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
Morses Club increases loan facility
(Sharecast News) - Home collected credit lender Morses Club has increased its revolving credit facility from £40m to £50m.
Morses Club Secures Increased Revolving Loan Of GBP50 Million
LONDON (Alliance News) - Morses Club PLC, a home collected credit lender, said Tuesday it has increased its revolving credit facility to GBP50 million...
Morses Club hikes interim dividend following solid growth in first half
(Sharecast News) - Door-to-door lender Morses Club hiked its interim dividend 18.2% on Thursday thanks to a solid growth in profits throughout the fir...
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 ...
Wednesday broker round-up
(Sharecast News) - IAG: UBS downgrades to neutral with a target price of 705p.
Thursday broker round-up
(Sharecast News) - Bellway: Deutsche Bank upgrades to buy with a target price of 2,745p
Morses Club First Half Trading In Line With Management Expectations
LONDON (Alliance News) - Credit lender Morses Club PLC said on Thursday it traded in line with management expectations in the first half of its financ...
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 t...
Follow the stocks
