Distribution Finance Capital Holdings (DFCH)

Sector:

Financials

41.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 130.00
  • 52 Week Low: 35.00
  • Currency: UK Pounds
  • Shares Issued: 106.64m
  • Volume: 2,234
  • Market Cap: £44.26m
  • RiskGrade: 264

Distribution Finance names Carl D'Ammassa as CEO

By Iain Gilbert

Date: Wednesday 05 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Niche lender Distribution Finance named former GE Capital executive Carl D'Ammassa as its new permanent chief executive on Wednesday, as the group's efforts to obtain a bank licence remain ongoing.
D'Ammassa will join Distribution from White Oak, where he started at in July 2019, no later than 31 March.

While the AIM-listed group said finding a CEO was "an immediate focus for the board", Distribution said business remained "robust" and highlighted that its unaudited loan book had reached £208m on 31 December 2019 - representing an annualised growth of 82% year-on-year.

However, Distribution said delays to obtaining a bank license would have an impact on its ability to satisfy demand for its products.

Distribution said it was conscious of managing origination demand for its products and added that it now intends to ensure that its loan book growth stabilises until it has secured a bank license.

Chairman John Baines said: "We are delighted to have secured the talents of Carl at this pivotal moment for the company as we continue to implement our wider business strategy.

"Carl brings an enormous depth of experience to the company and we are excited about the leadership that he will bring to the business."

As of 1345 GMT, Distribution Finance shares were down 4.40% at 87p.

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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.

 

DFCH Market Data

Currency UK Pounds
Share Price 41.50p
Change Today -1.00p
% Change -2.35 %
52 Week High 130.00
52 Week Low 35.00
Volume 2,234
Shares Issued 106.64m
Market Cap £44.26m
RiskGrade 264

DFCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
49.22% below the market average49.22% below the market average49.22% below the market average49.22% below the market average49.22% below the market average
53.52% below the sector average53.52% below the sector average53.52% below the sector average53.52% below the sector average53.52% below the sector average
Income Not Available
Growth Not Available

Trades for 10-Jul-2020

Time Volume / Share Price
09:55 44,860 @ 45.00p
09:26 2,234 @ 44.75p

DFCH Key Personnel

Chair John Baines
CFO Gavin Morris
CEO Carl D'Ammassa

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