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Distribution Financial Capital - Trading ahead of expectations

August 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DFCH
  • Price:
  • 32.5p
DFCH shot ahead after confirming full year results to end December are “significantly ahead.” This update follows very strong trading seen in H1, with new loan origination exceeding a record £709m, +17% year-on-year, leaving the loan book at £600m at the end of June. There was also an acceleration of dealer sales during March to September for the first time since the onset of the pandemic whilst bad debts continue to be managed ahead of expectations with the arrears balance representing c.0.5% of its entire loan book (H1 23: 2.5%). But an even bigger surprise for investors is that DFCH has managed to recover £4.7m of the £10m it had written off in respect of the RoyaleLife bad debt and of this, c£1.7m is expected to be reco ...

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Distribution Finance Capital - 11 quarters of loan growth; forward PE of 4.3 (May 2024)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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