Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

 51.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.00
  • 52 Week Low: 49.00
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 0
  • Market Cap: £11.00m
  • RiskGrade: 166

Covid-19 sees Orchard Funding cancel banking licence application

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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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 51.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.00
52 Week Low 49.00
Volume 0
Shares Issued 21.35m
Market Cap £11.00m
RiskGrade 166

ORCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.84% above the market average98.84% above the market average98.84% above the market average98.84% above the market average98.84% above the market average
96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average
Price Trend
29.89% below the market average29.89% below the market average29.89% below the market average29.89% below the market average29.89% below the market average
15.33% below the sector average15.33% below the sector average15.33% below the sector average15.33% below the sector average15.33% below the sector average
Income
78.95% above the market average78.95% above the market average78.95% above the market average78.95% above the market average78.95% above the market average
40.26% above the sector average40.26% above the sector average40.26% above the sector average40.26% above the sector average40.26% above the sector average
Growth
94.66% below the market average94.66% below the market average94.66% below the market average94.66% below the market average94.66% below the market average
96.64% below the sector average96.64% below the sector average96.64% below the sector average96.64% below the sector average96.64% below 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
  Interim Final
Ex-Div 09-Jun-22 09-Dec-21
Paid 24-Jun-22 17-Dec-21
Amount 1.00p 2.00p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Steven Hicks

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