Having IPO'd in July the shares in this high growth, high return, low risk lender are priced at a significant discount to peers as a result of an unreceptive IPO market. The benefits of the growing cash generation and above average returns are apparent in the dividend growth and we expect investors to make more than 50% over the next 12 months.

03 Nov 2015
Panmure Morning Note 03-11-15

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Panmure Morning Note 03-11-15
Orchard Funding Ltd. (ORCH:LON) | 64.0 8.6 26.2% | Mkt Cap: 13.7m
- Published:
03 Nov 2015 -
Author:
Jeremy Grime -
Pages:
3 -
Having IPO'd in July the shares in this high growth, high return, low risk lender are priced at a significant discount to peers as a result of an unreceptive IPO market. The benefits of the growing cash generation and above average returns are apparent in the dividend growth and we expect investors to make more than 50% over the next 12 months.