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Hardman & Co Research: Morses Club (MCL): Quality Street

19 Jul 2018 16:01

Hardman & Co Research Hardman & Co Research: Morses Club (MCL): Quality Street 19-Jul-2018 / 16:00 GMT/BST


Hardman & Co Research: Quality Street

We have repeatedly asserted that providers of Home Collect Credit (HCC) need to understand their customers' thinking in order to lend profitably. Equally, to properly appreciate the risks and rewards that the HCC companies offer investors, we need to understand their corporate culture. In this note, we review MCL's focus on quality, giving practical examples of how the group aims to generate sustainable profit growth. Conservatism runs throughout MCL's lending, accounting, agents, customer selection and new product development. We have not changed our steady growth forecasts, and our valuation range remains 171p to 197p.Please click here for the full report:

http://hardmanandco.com/docs/default-source/company-docs/morses-club-plc-documents/morses-club---quality-street---19-07-18.pdf

 

To contact us: Hardman & Co 35 New Broad Street London EC2M 1NH www.hardmanandco.comFollow us on Twitter @HardmanandCo Contacts: Mark Thomas +44 (0) 20 7194 7622 mt@hardmanandco.com

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

706421 19-Jul-2018 

corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
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21st Sep 20224:40 pmRNSSecond Price Monitoring Extn
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15th Sep 20227:00 amRNSUpdate on Funding Arrangements
25th Aug 20227:00 amRNSPreliminary results - 26 February 2022
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11th Aug 20227:00 amRNSUpdate on Potential Scheme of Arrangement
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28th Jan 20222:17 pmRNSPDMR Dealing
22nd Dec 20217:00 amRNSBoard Changes
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2nd Dec 20217:00 amRNSIssue of Equity
7th Oct 20217:00 amRNSInterim results
14th Sep 20217:00 amRNSUpdate on U Money PLC

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