Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

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 85.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 102.00
  • 52 Week Low: 79.00
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 911
  • Market Cap: £18.26m
  • RiskGrade: 40
  • Beta: 0.00

Orchard Funding expecting 'significantly higher' year-end numbers

By Josh White

Date: Wednesday 29 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Specialist finance company Orchard Funding Group updated the market on its trading for the year ended 31 July on Wednesday, reporting that lending, revenue and profit before tax numbers were all expected to be "significantly higher" than 2017.
The AIM-traded firm said profit before tax was expected to be in line with management expectations, and revenue was expected to be "broadly in line" with management expectations.

Looking at the books, the board said lending was 8.49% higher year-on-year at £68.73m, while its loan book grew 8.9% to £30.95m.

Orchard said it intended to announce its final results for the year ended 31 July on 13 November.

"I am very pleased with Orchard's performance during the year," said group chief executive officer Ravi Takhar.

"We have continued to increase our lending and impact in our market.

"Despite aggressive competition from the leading market players, we are pleased to have maintained healthy margins in our core markets."

During the year, Takhar said the company also developed "market leading" software to further enhance its product offering.

"We move into our new financial year with great confidence and fully expect to continue our growth trajectory.

"The banking application process is going according to plan and we remain hopeful of receiving the bank licence by the end of this calendar year."

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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 85.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 102.00
52 Week Low 79.00
Volume 911
Shares Issued 21.35m
Market Cap £18.26m
Beta 0.00
RiskGrade 40

ORCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.41% below the market average38.41% below the market average38.41% below the market average38.41% below the market average38.41% below the market average
61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average
Price Trend
39.05% below the market average39.05% below the market average39.05% below the market average39.05% below the market average39.05% below the market average
24.68% below the sector average24.68% below the sector average24.68% below the sector average24.68% below the sector average24.68% below the sector average
Income
34.30% above the market average34.30% above the market average34.30% above the market average34.30% above the market average34.30% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
35.46% above the market average35.46% above the market average35.46% above the market average35.46% above the market average35.46% above the market average
12% below the sector average12% below the sector average12% below the sector average12% below the sector average12% below 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 18-Jul-2019

Time Volume / Share Price
14:02 911 @ 86.50p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Gary Jennison

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