27 Nov 2018 13:19
Morses Club increases loan facility
(Sharecast News) - Home collected credit lender Morses Club has increased its revolving credit facility from £40m to £50m.
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Don't have an account? Click here to register.Morses Club trading in line with expectations since AIM listing
Thu, 01st Sep 2016 11:53
(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 initiatives and acquisitions. The company said impairment was in line with the lower end of the its target range.The loan book remained level, however high tier customers increased by 6% due the company's focus on higher quality lending.Customer numbers increased by 2.4% to about 208,000 and the company is developing its digital platform to provide new services and products to its customers.Chief executive Paul Smith, said: "The momentum in the business continues following our recent successful initial public offering, and demonstrates the resilience of our business model in challenging economic environments. We look forward to declaring our maiden dividend at our first results since the initial public offering."The UK home collected credit sector is well established and, as the second largest lender in this market, we believe we are well placed to grow as the uncertainty caused by the outcome of the EU referendum is likely to cause mainstream lenders to tighten their underwriting criteria further."Morses Club will announce its maiden half-year results and dividend on 6 October.Shares in Morses Club were down 7.69% to 108p at 1107 BST.
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27 Nov 2018 12:49
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 from GBP40 million.The company added a
Read more4 Oct 2018 09:45
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 first half of its trading year.
Read more4 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
Read more26 Sep 2018 12:53
Wednesday broker round-up
(Sharecast News) - IAG: UBS downgrades to neutral with a target price of 705p.
Read more30 Aug 2018 13:50
Thursday broker round-up
(Sharecast News) - Bellway: Deutsche Bank upgrades to buy with a target price of 2,745p
Read more30 Aug 2018 12:57
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 financial year.For the 26 weeks to August 25,
Read more30 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.
Read more19 Jun 2018 16:03
UK Shareholder Meetings Calendar - Next 7 Days
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Read more11 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
Read more22 Dec 2016 15:46
Director dealings: Morses Club's banker shows faith in non-standard lender
(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
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