Orchard Funding Group (ORCH)

Sector:

Financials

Index:

FTSE AIM All-Share

30.00p
   
  • Change Today:
    -0.80p
  • 52 Week High: 47.00
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 21.35m
  • Volume: 9,876
  • Market Cap: £6.41m
  • 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 30.00p
Change Today -0.80p
% Change -2.60 %
52 Week High 47.00
52 Week Low 15.50
Volume 9,876
Shares Issued 21.35m
Market Cap £6.41m
RiskGrade 166

ORCH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.76% above the market average97.76% above the market average97.76% above the market average97.76% above the market average97.76% above the market average
96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average
Price Trend
64.86% below the market average64.86% below the market average64.86% below the market average64.86% below the market average64.86% below the market average
60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average
Income
99.75% above the market average99.75% above the market average99.75% above the market average99.75% above the market average99.75% 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
48.64% above the market average48.64% above the market average48.64% above the market average48.64% above the market average48.64% above the market average
61.47% above the sector average61.47% above the sector average61.47% above the sector average61.47% above the sector average61.47% 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 14-May-2024

Time Volume / Share Price
13:03 3,800 @ 30.06p
10:02 4,000 @ 29.00p
08:34 1,935 @ 31.00p
08:34 9 @ 31.00p
08:34 129 @ 31.00p

ORCH Key Personnel

CEO Rabinder Singh Takhar
CFO William Leo McShane
Chair Steven Hicks

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