Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

15.23p
   
  • Change Today:
    -0.77p
  • 52 Week High: 47.00
  • 52 Week Low: 15.00
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 61,440
  • Market Cap: £3.25m
  • RiskGrade: 166

Orchard Funding profits rise on lending increase

By Iain Gilbert

Date: Tuesday 17 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Finance company Orchard Funding grew revenues 31.4% over the twelve months ended 31 July to a record £4.56m due to a "significant increase" in overall lending throughout the period.
Orchard's profit after tax rose 34% to £1.36m after its heightened level of investment during 2016 began to bleed into the Luton-based firm's bottom line.

The group lent £63.5m to clients over the year, marking a 30.5% increase on the £48.56m it doled out a year earlier.

Orchard said on Tuesday that it had improved its liquidity position after a new bank funder had provided it with a facility in August, one year after it increased its drawdown facility with Barclays from £10m to £15m.

Discussing the year ahead, Ravi Takhar, chief executive officer of Orchard, said, "We will continue to focus on our core markets and as we have already demonstrated this will result in an increased share of those markets."

"Trading since the period end has continued to be robust and in line with management expectations. We have a number of strategic avenues available to us to support the group's growth and we look forward to the year ahead with cautious optimism," he added.

Earnings per share jumped 33.2% to 6.26p.

As of 1100 BST, shares had picked up 1.81% to 101.30p.

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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.

 

ORCH Market Data

Currency UK Pounds
Share Price 15.23p
Change Today -0.77p
% Change -4.81 %
52 Week High 47.00
52 Week Low 15.00
Volume 61,440
Shares Issued 21.35m
Market Cap £3.25m
RiskGrade 166

ORCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.94% above the market average98.94% above the market average98.94% above the market average98.94% above the market average98.94% above the market average
98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average
Price Trend
85.94% below the market average85.94% below the market average85.94% below the market average85.94% below the market average85.94% below the market average
89.66% below the sector average89.66% below the sector average89.66% below the sector average89.66% below the sector average89.66% below the sector average
Income
99.49% above the market average99.49% above the market average99.49% above the market average99.49% above the market average99.49% 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
Growth
40.57% above the market average40.57% above the market average40.57% above the market average40.57% above the market average40.57% above the market average
49.53% above the sector average49.53% above the sector average49.53% above the sector average49.53% above the sector average49.53% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ORCH Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jan-24 08-Jun-23
Paid n/a 23-Jun-23
Amount 2.00p 1.00p

Trades for 28-Mar-2024

Time Volume / Share Price
08:54 1 @ 16.00p
08:53 1 @ 16.00p
08:17 319 @ 15.65p
08:13 19 @ 16.00p
08:13 100 @ 16.00p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Steven Hicks

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