Orchard Funding (ORCH)

Orchard Funding ORCH Logo

The finance company which specialises in insurance premium finance and the professions funding market.

17-Oct-2017 – 99.5p – £21.2

Final Results For The 12 Months To End July 2017 – Revenue up 31.4% to £4.56m from £3.47m last time. Profits (after tax) up 34.0% to £1.34m and EPS up 33.2% to 6.26p (4.70p last time). Lending is up 30.5% and Barclays have increased facilities from £10 million to £15 million – And more from another bank (no mention how much). 2p Final Dividend proposed. Board “looks forward to the year ahead with cautious optimism”.

On a PER of 15 looks like the market should like this update.

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