Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

 76.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 97.00
  • 52 Week Low: 73.00
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 0
  • Market Cap: £16.23m
  • RiskGrade: 94

Orchard Funding continues to grow as it looks to new market segments

By Josh White

Date: Tuesday 27 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Insurance premium specialist finance company Orchard Funding Group announced its unaudited results for the six months ended 31 January on Tuesday, reporting total lending of £34.35m for the period.
The AIM-traded firm said that on a like for like basis, an extra £3.24m of lending was made over the six months.

Group turnover increased 25.9% to £2.67m, while group profit before tax was £0.99m - a 22.2% improvement on the first half of the prior year.

The board once again recommended an interim dividend of 1p per share, in line with the interim distribution paid 12 months ago.

"Orchard continues to perform in a consistent and positive manner," said chief executive Ravi Takhar.

"The leading players in our market continue to compete aggressively with our offering, but we are still standing firm and continuing to grow."

Takhar said the company had a number of "exciting new initiatives", including the launching of new product lines in the school fees market, property market and leisure market, which the board intended to launch in the coming year.

"Our bank licence application process is moving forward in a positive manner and we have appointed a new chairman, Gary Jennison, the former CEO of Secured Trust Bank, to add to the strength of our existing team.

"I am also delighted to confirm that we have created and implemented new state of the art IT, and this will further enhance our competitiveness going forward," Takhar explained.

"We continue to offer outstanding and personal service to our clients and look forward to the continued and consistent growth of our business."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ORCH Market Data

Currency UK Pounds
Share Price 76.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 97.00
52 Week Low 73.00
Volume 0
Shares Issued 21.35m
Market Cap £16.23m
RiskGrade 94

ORCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.56% below the market average12.56% below the market average12.56% below the market average12.56% below the market average12.56% below the market average
45.07% below the sector average45.07% below the sector average45.07% below the sector average45.07% below the sector average45.07% below the sector average
Price Trend
52.23% below the market average52.23% below the market average52.23% below the market average52.23% below the market average52.23% below the market average
40.94% below the sector average40.94% below the sector average40.94% below the sector average40.94% below the sector average40.94% below the sector average
Income
48.28% above the market average48.28% above the market average48.28% above the market average48.28% above the market average48.28% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
39.58% above the market average39.58% above the market average39.58% above the market average39.58% above the market average39.58% above the market average
5.69% above the sector average5.69% above the sector average5.69% above the sector average5.69% above the sector average5.69% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ORCH Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Jun-19 13-Dec-18
Paid 28-Jun-19 21-Dec-18
Amount 1.00p 2.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Gary Jennison

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