Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

15.33p
   
  • Change Today:
    -0.67p
  • 52 Week High: 47.00
  • 52 Week Low: 15.00
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 73,139
  • Market Cap: £3.27m
  • RiskGrade: 166

Orchard Funding H1 trading exceeds expectations

By Iain Gilbert

Date: Friday 18 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Finance group Orchard Funding said on Friday that its interim trading performance had exceeded internal expectations, with demand for funding rising on average across most lending lines.
Orchard stated lending was up 27% year-on-year at £38.2m, while its average loan book increased 21.2% to £33.5m.

"As a result of this loan book momentum in period, the board expects revenue for the year to exceed its prior expectations, while group costs have remained fairly stable and largely unchanged. resulting in an uplift in profitability for the year," said Orchard.

The AIM-listed firm also noted that towards the end of the previous financial year, it had refinanced its borrowings, with Toyota Financial Services providing it with a facility of £15.0m and Natwest Bank offering up £5.0m. Of this £20.0m, Orchard said £11.4m was in use at the end of January.

Since the end of the period, Orchard also issued a five-year bond, further bolstering liquidity.

As of 1105 GMT, Orchard Funding shares were up 4.07% at 54.12p.

Email this article to a friend

or share it with one of these popular networks:


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 15.33p
Change Today -0.67p
% Change -4.17 %
52 Week High 47.00
52 Week Low 15.00
Volume 73,139
Shares Issued 21.35m
Market Cap £3.27m
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
11:00 31 @ 16.00p
11:00 7 @ 16.00p
10:59 10,000 @ 15.15p
10:08 1,661 @ 15.65p
08:54 1 @ 16.00p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Steven Hicks

Top of Page