By Josh White
Date: Monday 19 Oct 2020
LONDON (ShareCast) - (Sharecast News) - Insurance premium and professions funding specialist Orchard Funding Group announced it was cancelling its application for a banking licence on Monday.
The AIM-traded firm put the decision down to current uncertain economic conditions, as a result of the Covid-19 pandemic.
"The company has decided to withdraw its application for a banking licence to focus on its core business activities," the board said in its short statement.
At 0828 BST, shares in Orchard Funding were down 5.69% at 58p.
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Currency | UK Pounds |
Share Price | 54.33p |
Change Today | -0.67p |
% Change | -1.21 % |
52 Week High | 67.00 |
52 Week Low | 21.50 |
Volume | 8,121 |
Shares Issued | 21.35m |
Market Cap | £11.60m |
Beta | 0.00 |
RiskGrade | 166 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 1 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
---|---|---|
Special | Interim | |
Ex-Div | 12-Jun-25 | 12-Jun-25 |
Paid | 25-Jun-25 | 25-Jun-25 |
Amount | 1.00p | 1.00p |
Time | Volume / Share Price |
12:46 | 2,681 @ 55.80p |
12:40 | 2,681 @ 55.80p |
10:33 | 1,845 @ 53.40p |
10:32 | 762 @ 53.40p |
09:57 | 102 @ 53.00p |
CEO | Rabinder Singh Takhar |
CFO | William Leo McShane |
Chair | Steven Hicks |
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