The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Total failures
Don’t even have 50k to address historical creditors .
So we have an institution selling down, an institution accumulating and a buyback . Good
That’s c£2.5m spent so far on the buyback so £22.5m still to deploy. Then a further £12.5m increase after the AGM next month. Am I missing something here? Why are we only 47p? We have £165m on the bank .
Takeover me thinks
That’s stake building pre takeover me thinks
£500,000. Buy. Thats v interesting
800,000 buy at full ask.
SBA forges ahead with Funding Circle license despite pushback
I think you should digest that in more depth SC. The politician is frustrated we were issued with the license then we immediately started the sale process. Making it look like the licence was the key art to sell. They have already answered the Chinese question. Furthermore the disposal will need to be approved by US regulators and they have advised they are talking to well funded banks so I’m sure the politicians will be happy with FC US business going into a tier 1 US bank. I’m extremely positive about this US situation whereas your slant is over alarmist. Onwards
The market is just looking for FC to offload their US loss making business for £1 . However, it appears they are speaking to well capitalised banks in the sale process so we could be pleasantly surprised.
So much good news to come and we know trading is booming. This is about to go on a big tear north.
It's been a busy few weeks here at @FundingCircleUS where we are heads down preparing to launch our @SBAgov 7(a) small loan product while simultaneously evaluating interests in our U.S. business.
Funding Circle plc recently published our FY 2023 results and indicated that we have received expressions of interest in the U.S. business.
This suggests it’s a big US bank who they are in talks with.
Our intention is that any transaction regarding the U.S. business would be to a well-capitalized U.S. domiciled entity willing to provide the capital to enable FC USA to continue making 7(a) loans subject to SBA approval per SOP 50 56 1.
I think this explains the strong buying
https://x.com/ryandmetcalf/status/1774997753891840272?s=46
Could breakout past £1 on US disposal news which is due soon. Cuts off the loss making division and provides another one off large cash inflow.
Nothing on RSP to buy. Up we go