Distribution Finance Capital Holdings (DFCH)

Sector:

Financials

38.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 132.50
  • 52 Week Low: 35.00
  • Currency: UK Pounds
  • Shares Issued: 106.64m
  • Volume: 22,756
  • Market Cap: £40.52m
  • RiskGrade: 192

Distribution Finance receives extension to early amortisation waiver

By Iain Gilbert

Date: Tuesday 28 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Niche lender Distribution Finance Capital has received an extension to a temporary waiver for an early amortisation provision in its funding facilities from its senior and senior mezzanine facility lender.
Distribution Finance said on Tuesday that it has been working collaboratively with lenders, with the objective of agreeing on the shape of its funding facility and covenants appropriate for the current climate - particularly as the loan book stock turn has slowed in light of most dealers being closed during the Covid-19 pandemic.

Both the DF and its lenders believe that without further operating data relating to the emerging trading pattern of dealers and the impact of the lockdown, it was too difficult to agree on appropriate terms for a longer-term waiver.

"The company remains in ongoing constructive discussion with the lenders and further weekly extensions to the temporary waiver have been granted during this period of negotiation," said the group.

"This pattern of waiver extension may continue until such time as there is greater clarity and analysis of the current situation."

The AIM-listed group said its loan book continued to "perform well" and remained "stable", but warned that it was likely its existing lending portfolio would "modestly reduce" in the near-term.

As of 1100 BST, Distribution Finance shares were up 3.53% at 44p.

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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 38.00p
Change Today 3.00p
% Change 8.57 %
52 Week High 132.50
52 Week Low 35.00
Volume 22,756
Shares Issued 106.64m
Market Cap £40.52m
RiskGrade 192

DFCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
52.74% below the market average52.74% below the market average52.74% below the market average52.74% below the market average52.74% below the market average
50.7% below the sector average50.7% below the sector average50.7% below the sector average50.7% below the sector average50.7% below the sector average
Income Not Available
Growth Not Available

Trades for 08-Jul-2020

Time Volume / Share Price
11:20 945 @ 40.00p
10:56 1,101 @ 36.00p
10:49 595 @ 40.00p
08:11 37,870 @ 37.99p
09:34 115 @ 40.00p

DFCH Key Personnel

Chair John Baines
CFO Gavin Morris
CEO Carl D'Ammassa

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