PCFG has announced that it will again beat (“modestly”) market expectations for the 12-month period to end March 2016. Accordingly, we are increasing our adj. PBT forecast to £3.5m (from £3.4m) for this period. With news that the banking licence application is progressing steadily and the £112m portfolio of receivables continuing to be of good quality we remain positive on PCFG and reiterate our 30p target price and Buy rating. A more detailed report will be issu
14 Apr 2016
Positive trading momentum continuing
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Positive trading momentum continuing
PCF Group plc (RLW:FRA) | 0 0 0.0% | Mkt Cap: 55.1m
- Published:
14 Apr 2016 -
Author:
Robert Sanders -
Pages:
2
PCFG has announced that it will again beat (“modestly”) market expectations for the 12-month period to end March 2016. Accordingly, we are increasing our adj. PBT forecast to £3.5m (from £3.4m) for this period. With news that the banking licence application is progressing steadily and the £112m portfolio of receivables continuing to be of good quality we remain positive on PCFG and reiterate our 30p target price and Buy rating. A more detailed report will be issu