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 | 29.00p |
Change Today | -1.00p |
% Change | -3.33 % |
52 Week High | 47.00 |
52 Week Low | 15.50 |
Volume | 37,378 |
Shares Issued | 21.35m |
Market Cap | £6.19m |
RiskGrade | 166 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 1 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 18-Jan-24 | 08-Jun-23 |
Paid | n/a | 23-Jun-23 |
Amount | 2.00p | 1.00p |
Time | Volume / Share Price |
11:25 | 166 @ 30.00p |
11:25 | 355 @ 28.00p |
11:00 | 36,645 @ 29.60p |
11:00 | 1,645 @ 29.60p |
11:00 | 35,000 @ 29.60p |
CEO | Rabinder Singh Takhar |
CFO | William Leo McShane |
Chair | Steven Hicks |
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