PCF (PCF)

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PCF PCF Logo

AIM-listed specialist bank

2-Mar-2018 – 29.78p – £63.2m – PER 12.3

AGM Trading Statement – First 5 months, strong and in-line – Quite a positive update and outlook.

Quite like this update but can’t find myself finding this more interesting at present.

22-Oct-2018 – 35.5p – £76.0m – PER 11.7

Trading Update For The 12 Months To End September 2018 – Trading in-line with market expectations.

Still quite like this and although it’s got a HUGE amount of Net Debt (it’s part the nature of the business here) this is now going on my Watchlist – (based on Stockopedia) EPS growth forecast as 26.8% in 2018E and 63.7% in 2019E.

Subsequent note: After some more research, noticed EPS was forecast to fall next year before then rising in the subsequent year – Will go Neutral and keep an eye out for further updates.

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