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 | 63.00p |
Change Today | 0.50p |
% Change | 0.80 % |
52 Week High | 67.00 |
52 Week Low | 21.50 |
Volume | 93,391 |
Shares Issued | 21.35m |
Market Cap | £13.45m |
Beta | 0.02 |
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 |
16:13 | 400 @ 61.40p |
12:43 | 1,716 @ 63.65p |
10:31 | 30,000 @ 62.00p |
08:33 | 23,540 @ 63.70p |
10:16 | 2 @ 65.00p |
CEO | Rabinder Singh Takhar |
CFO | William Leo McShane |
Chair | Steven Hicks |
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