Distribution Finance Capital Holdings (DFCH)

Sector:

Financials

Index:

FTSE AIM All-Share

35.67p
   
  • Change Today:
    -1.93p
  • 52 Week High: 41.60
  • 52 Week Low: 22.50
  • Currency: UK Pounds
  • Shares Issued: 174.06m
  • Volume: 150,066
  • Market Cap: £62.08m
  • RiskGrade: 202
  • Beta: 0.01

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 35.67p
Change Today -1.93p
% Change -5.14 %
52 Week High 41.60
52 Week Low 22.50
Volume 150,066
Shares Issued 174.06m
Market Cap £62.08m
Beta 0.01
RiskGrade 202

DFCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.99% below the market average17.99% below the market average17.99% below the market average17.99% below the market average17.99% below the market average
40.38% below the sector average40.38% below the sector average40.38% below the sector average40.38% below the sector average40.38% below the sector average
Price Trend
79.79% above the market average79.79% above the market average79.79% above the market average79.79% above the market average79.79% above the market average
70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average
Income Not Available
Growth
98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

DFCH Dividends

No dividends found

Trades for 02-Apr-2025

Time Volume / Share Price
08:46 10,000 @ 35.20p
08:46 13,250 @ 35.30p
08:41 8,360 @ 35.30p
08:40 10,000 @ 35.30p
08:37 1,546 @ 36.00p

DFCH Key Personnel

CFO Gavin Morris
CEO Carl D'Ammassa

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