Morses Club Ord Gbp0.01

MCL: 127.00 0.00 (0.00%)

Delayed:2016-11-25 18:15:01
Bid Price 123.00 High Price 0.00
Ask Price 128.00 Low Price 0.00
Open Price 0.00 Spread 3.98%
Prev Close 125.50 Volume 0.00

Morses Club Ord Gbp0.01 Share Price Chart


Historic – 1 year

Morses Club Ord Gbp0.01 Share Price Information

Name Morses Club Ord Gbp0.01 Epic MCL
Sector Financial Services ISIN GB00BZ6C4F71
Activites Morses Club plc is an established UK consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and has approximately 200,000 customers across the UK. The Company provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis. The Company expects to grow both by acquisition and organically. Security Type Equity

Key numbers

Latest Share Price (p) 125.50 Net Gearing (%) 19.78
Market Cap (£m) 162.52 Gross Gearing (%) 24.87
Shares in issue (m) 129.50 Debt Ratio 16.42
P/E Ratio 0.00 Debt-to-Equity Ratio 0.59
Divs per share (p) 0.00 Assets / Equity Ratio 1.33
Dividend Yield (%) 0.00 Price to book value 2.94
Dividend Cover 0.00 SROCE (%) 15.65
Earning per share (p) 0.00 EPS Growth (%)
52-week high / low (p) 133.00 / 84.00 DPS Growth (%)

Morses Club Ord Gbp0.01 Broker Views

Date Broker Rec. Price Old target price New target price Notes
20 Oct Panmure Gordon Buy 127.00 125.00 150.00 Retains
07 Oct Beaufort Securities Buy 127.00 Reiterates
06 Oct Numis Add 127.00 130.00 130.00 Reiterates
06 Oct Panmure Gordon Buy 127.00 125.00 125.00 Retains
02 Sep Beaufort Securities Buy 127.00 135.00 Initiates/Starts

Morses Club Ord Gbp0.01 Director Deals

Date Director Type Volume / Price Trade Value
14 Oct 2016 Peter Ward Buy 200000 @ 129.63p £259,250.00

Morses Club Ord Gbp0.01 Company News

Broker Forecast – Panmure Gordon issues a broker note on Morses Club Plc Ord Gbp0.01

Panmure Gordon today reaffirms its buy investment rating on Morses Club Plc Ord Gbp0.01 (LON:MCL) and raised its price target to 150p (from 125p).

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Director Deals – Morses Club Plc Ord Gbp0.01 (MCL)

Peter Ward, Non Executive Director, bought 200,000 shares in the company on the 14th October 2016 at a price of 129.63p. The Director now holds 200,000 shares.

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Morses Club reports strong H1 performance

Morses Club has reported a strong H1 performance, with reported pretax profit at £4.6m, from a profit of £6.4m.

Revenue improved to £47.2m, from £43.6m.

“In the first half of this financial year Morses Club has invested significantly, laying the foundations for future growth,” the company said.

“Contributions from territory builds and improvements in the quality of the core customer base have driven the increases in revenue and total credit issued.

“The Directors expect market activity to increase in the forthcoming period, and the Company’s aim is to grow its market share via its focus on more territory builds, acquisitions and increased lending.

“In addition, the second half of the financial year should benefit from the maturing of territory builds started in the first half, and the integration of the recent acquisitions.

“The Company continues to make good progress on its growth strategy of broadening its reach and potential customer base through the development of our digital platform to provide additional services and products for our existing and new customers, accessing different markets.

“The early success of the Morses Club Card gives the Company confidence that there is significant demand for new products. Trading is in line with the Directors’ expectations and we remain confident in the outlook for the full year.”

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FLASH: Morses Club reports strong H1 performance

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Broker Forecast – Beaufort Securities issues a broker note on Morses Club Plc Ord Gbp0.01

Beaufort Securities today initiates coverage of Morses Club Plc Ord Gbp0.01 (LON:MCL) with a buy investment rating and price target of 135p.

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