お知らせ • Nov 10
PCF Group Plans to Cancel its Share Listing on AIM PCF Group plc is pulling out of Britain's banking market and plans to cancel its share listing on AIM, after it failed to raise capital or secure strategic options to strengthen its consumer and corporate lending business, the lender said. Shares in PCF fell by around 62% to 0.4 pence in early trade following the news on November 9, 2022, six weeks after Castle Trust Capital plc withdrew its intention to make an offer for PCF. PCF's decision to wind up its lending business underscores the challenges facing small banks in Britain, where the costs of regulation and doing business have surged and competition from dominant rivals, including Lloyds Banking Group plc (LSE:LLOY), NatWest Group plc (LSE:NWG) and HSBC Holdings plc (LSE:HSBA), has intensified. "This has been a very difficult strategic decision for the board to make given the consequences for the business, colleagues, customers, intermediaries and shareholders," Chief Executive Officer of PCF Bank Limited, Garry Stran, said in a statement. To cancel the AIM listing, it must consult investors. PCF, which has a market value just under GBP 4 million ($4.6 million), said it will continue to explore strategic transactions with interested third parties and it retained the support of Somers Limited, its biggest shareholder with a 73.24% stake. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Carol Sergeant was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. お知らせ • Sep 21
PCF Group plc and PCF Bank Limited Announces Directorate Changes PCF Group plc announced the following changes to the Board of Directors of the Group; The resignation of David Titmuss as a director of PCF Group plc and PCF Bank Limited with effect from 20 September 2022. The appointment of Carol Sergeant as an independent Non-executive Director of PCF Group plc and PCF Bank Limited with effect from 20 September 2022. Subject to regulatory approvals, Carol will take up the role of the Chair of Board Risk Committee. Carol has nearly 50 years' experience in banking, notably spending 24 years at the Bank of England and seven years as Chief Risk Officer at Lloyds Banking Group. Carol held various roles at the Bank of England, including being responsible for the worldwide supervision of major UK Banking Groups. Additionally, Carol spent five years at the UK Financial Services Authority first as Director for Banking Supervision and latterly as Board Member and Managing Director for Strategy, Risk, Authorisation and Enforcement. Currently, Carol serves on the Board as a Non-executive Director at Danske Bank A/S, where she is Chair of the Risk Committee and member of the Conduct and Compliance Committee, and Belmont Green Finance Limited, where she is the Senior Non-executive Director, Chair of the Risk Committee and member of Audit Committee. She has previously been a Non-executive Director on the Boards of BNY Mellon SA/NV, TP ICAP, Secure Trust Bank and Martin Currie Holdings. In addition to her roles within the financial sector, Carol also has roles in an advisory and charitable capacity. Carol is currently Trustee of Lloyds Register Foundation and member of Audit Risk and Investment Committee and Grants Committee, and a member of the Global Advisory Board and Chair of the Global Women's Leadership Council at Bayes Business School (formerly Cass). お知らせ • Jun 25
PCF Group plc to Report First Half, 2022 Results on Jun 30, 2022 PCF Group plc announced that they will report first half, 2022 results on Jun 30, 2022 Reported Earnings • Jun 03
Full year 2021 earnings released: UK£0.012 loss per share (vs UK£0.026 loss in FY 2020) Full year 2021 results: UK£0.012 loss per share (up from UK£0.026 loss in FY 2020). Revenue: UK£21.8m (up 60% from FY 2020). Net loss: UK£3.06m (loss narrowed 51% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. お知らせ • Mar 04
PCF Group plc, Annual General Meeting, Mar 25, 2022 PCF Group plc, Annual General Meeting, Mar 25, 2022, at 10:00 Coordinated Universal Time. Location: 1 Cornhill London United Kingdom Buying Opportunity • Jan 31
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be UK£0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last year. Reported Earnings • Jan 27
First half 2021 earnings: Revenues and EPS in line with analyst expectations First half 2021 results: EPS: UK£0.004 (down from UK£0.008 in 1H 2020). Revenue: UK£11.9m (up 15% from 1H 2020). Net income: UK£965.0k (down 53% from 1H 2020). Profit margin: 8.1% (down from 20% in 1H 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.