AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMorses Club Share News (MCL)

Share Price Information for Morses Club (MCL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 63.40
Bid: 59.40
Ask: 61.40
Change: 3.40 (5.67%)
Spread: 2.00 (3.37%)
Open: 60.60
High: 63.40
Low: 59.40
Yest. Close: 60.00
MCL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Morses Club in-home sales and repayments decline in H1

Thu, 17th Sep 2020 09:53

(Sharecast News) - Doorstop lender Morses Club said on Thursday that home collected credit sales and repayments had both declined during the six months ended 31 August.
Morses said HCC sales were down 38% year-on-year at £51.2m, while repayments slumped 21.6% to £104.5m.

The AIM-listed firm attributed the declines to Downing Street's enforced lockdowns early on in the half and noted that some localised lockdowns had impacted its collection ability throughout August.

Digital sales increased 66% year-on-year to £9.1m due to a "significant reengineering" of the recently acquired CURO Transatlantic business into Morses' Shelby Finance subsidiary. However, digital collections also slumped - down 21% year-on-year.

Gross loan balances dropped 23% and customer satisfaction was said to have been maintained at around 97%.

Chief executive Paul Smith said: "In response to the current challenging trading conditions, we are accelerating all aspects of the digitalisation of our business, not just as a response to the ongoing impact of Covid-19, but to create a new model for our business to the benefit of our customers, employees and agents."

As of 0950 BST, Morses shares were down 6.98% at 49.30p.

More News

EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO

EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO

29 Apr 21 16:52

EXECUTIVE CHANGES: City Pub Group adds Berry Bros & Rudd CEO to board

EXECUTIVE CHANGES: City Pub Group adds Berry Bros & Rudd CEO to board

11 Mar 21 14:56

TRADING UPDATES: Revolution Bars expects "rapid" rebound in trading

TRADING UPDATES: Revolution Bars expects "rapid" rebound in trading

4 Mar 21 15:23

Morses Club performs 'resiliently' in 2020

(Sharecast News) - Non-standard financial services provider Morses Club said on Thursday that it performed "resiliently and profitably" in the year ended 27 February, accelerating its digital strategy in response to the Covid-19 pandemic.

4 Mar 21 14:57

DIRECTOR DEALINGS: Hochschild, Wizz Air, Clipper Logistics Execs Sell

DIRECTOR DEALINGS: Hochschild, Wizz Air, Clipper Logistics Execs Sell

26 Feb 21 16:23

IN BRIEF: Morses Club Non-Executive Director Simone Finn To Step Down

IN BRIEF: Morses Club Non-Executive Director Simone Finn To Step Down

15 Feb 21 13:43

IN BRIEF: Honeycomb Investment Trust Hires Mattioli Woods Chair

IN BRIEF: Honeycomb Investment Trust Hires Mattioli Woods Chair

29 Dec 20 13:47

UK DIRECTOR DEALINGS SUMMARY: New Tyman Chair Buys 100,000 Shares

UK DIRECTOR DEALINGS SUMMARY: New Tyman Chair Buys 100,000 Shares

24 Dec 20 13:58

UK DIRECTOR DEALINGS SUMMARY: On The Beach Confirms CEO Trustee Sale

UK DIRECTOR DEALINGS SUMMARY: On The Beach Confirms CEO Trustee Sale

22 Dec 20 13:21

IN BRIEF: Morses Club Sees Revenue Decrease Amid Lending Restrictions

IN BRIEF: Morses Club Sees Revenue Decrease Amid Lending Restrictions

18 Dec 20 13:39

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

17 Dec 20 16:08

UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London

UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London

10 Dec 20 15:09

Morses Club Annual Profit Plunges But Expects Rise In Consumer Lending

Morses Club Annual Profit Plunges But Expects Rise In Consumer Lending

27 Nov 20 13:10

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

5 Oct 20 19:40

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.

5 Oct 20 10:44

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.