PCF Group plc - AIM

FINANCIAL SERVICES

PCF Group is a specialist bank which offers retail savings products for individuals and then deploys these funds through four lending divisions.  The two largest divisions are Business Finance which provides finance for vehicles, plant and equipment to SMEs and Consumer Finance  which provides finance for motor vehicles to consumers.

Company In Brief

Share Price at time of reporting: 33.5p

Last Report dated – 9 June 2019

Market capitalisation – £83.8m

Prospective p/e ratio – 12.4x

Prospective dividend yield – 1.0%

Review

The group owning specialist bank PCF Bank has provided further evidence that it is now set on a strong growth path with the announcement of excellent interim results covering the six month period to 31 March. The group suffered, like many financial companies, during the financial crisis but remained profitable and weathered the storm with the help of its major shareholder Somers, a Bermudan investor group.