17:47 27/02/2012 Growth Company.....
MCB raises €20m
GROWTH COMPANY
27/02/2012
Consumer finance specialist MCB Finance (MCRB) has secured a €20 million asset backed bond with investors in the Nordic region.
http://bit.ly/xgIFMo By SpikeyDT
15:27 27/02/2012 Edison Investment Research
MCB Finance Group - First bond offering
Mon, Feb 27, 2012 at 3:14 PM
Click for report
http://bit.ly/zpTcEA By SpikeyDT
15:10 16/02/2012 Edison Investment Research
MCB Finance Group - Growth momentum
Thu, Feb 16, 2012 at 3:07 PM
Click for report
http://bit.ly/y75eJg By SpikeyDT
23:15 07/02/2012 This Is Money...
By GEOFF FOSTER
10:51 PM on 7th February 2012
http://bit.ly/xH0ga1 By SpikeyDT
9:18 09/01/2012 Upgrades continue
MCB Finance Group - Upgrades continue
Click for report
9:15 AM
http://bit.ly/xL6mUX By SpikeyDT
10:31 28/12/2011 MCB Finance in upbeat mood
MCB Finance in upbeat mood
28/12/2011
http://bit.ly/vgJB1Q By SpikeyDT
9:53 01/11/2011 Re: Scandalous
Bit harsh - I'm sure they had the best of intentions, just rather cocked it up. But I wouldn't dump, they're doing great business! By Harvey Crosby
9:31 01/11/2011 Edison Investment Research
MCB Finance Group - Increased loan facility Click for report
Tue, Nov 1, 2011 at 9:28 AM
http://www.edisoninvestmentresearch.co.uk/researchreports/MCB011111flash.pdf
MCB Finance has announced that it has increased its revolving loan facility from €12m to €17m. MCB also indicated the increase will provide the group with sufficient financing to support expected continued growth in lending in its current markets through H112. This is the natural consequence of the strong growth reported by MCB through 2011 and it is not recognised in the share rating (2012 P/E: 2x). The fact that further facilities have been sought, and agreed, should give investors confidence that growth continues to be delivered.

MCB Finance Group is a leading online provider of short- and medium-term loans to customers in Finland, Estonia, Latvia and Lithuania using the Credit24 brand.

Year End Revenue
(€m) PBT
(€m) EPS
(c) DPS
(c) P/E
(x) Yield
(%)
12/09 14.3
(0.6)
(6.1)
0.0
N/A N/A
12/10 11.1 0.5 1.3 0.0
31.2 N/A
12/11e 16.4 3.4 15.3 0.0 2.7 N/A
12/12e 19.7 4.5 21.1 0.0 2.0 N/A
MCB Finance Group is a research client of Edison Investment Research. By SpikeyDT
19:11 04/10/2011 Growth Investor-Miles Nolan..
U-turn for MCB Finance
04/10/2011 Miles Nolan
http://www.growthcompany.co.uk/news/1659533/uturn-for-mcb-finance.thtml

Following its failure to secure sufficient shareholder support, fast growing consumer finance specialist MCB Finance (MCRB) has decided to to scrap its plans to quit AIM.

To the frustration of many the Finland based firm, which recently reported stonking interim results, decided it would be better served by leaving the junior market. It argued that the annual costs of £125,000, coupled with low trading volumes meant it would be better served as a private company.

Fortunately for investors, the required 75 per cent of votes to exit AIM failed to materialise, so it will retain its listing. Last year a forced seller in MCB dumped stock at just 3p, this was picked up by directors and has since been sold back to the company for cancellation at 10p - a significantly earnings enhancing move. Following a share capital reduction it is also now in a position to pay dividends.

Speaking to Growth Company Investor finance director Henry Nilert said 'we are increasingly confident in our business model, and believe the shares remain extremely undervalued'. MCB is focused on the small loans market in Eastern Europe, but is keen to spread its wings and is considering a move into a new country.

Paid for research house Edison reckons a fair value for the shares would be in excess of 100p, it also argues that a recent peer was taken out at a multiple that would equate to a £20 million value for MCB. Currently trading at 35p (with a ludicrous 30-40p spread) the market value on AIM is currently less than £6 million. Cheap, but it may take some time to restore credibility.

Tags: AIM market, Edison, Henry Nilert, Staying on AIM

Sector: Financial Services

Companies: MCB Finance
By SpikeyDT
11:29 30/09/2011 Re: Scandalous
Bunch of outright cro,oks in my opinion - they've been blocked from a delist as I understand it, so I've dumped my shares. Outrageous example of the lack of political regulation of stockmarket excesses! Absolute sc,um! By Texas Tea 2
13:32 29/09/2011 Edison Investment Research
MCB Finance Group - H111 carpe diem Click for report
Thu, Sep 29, 2011 at 12:27 PM
http://www.edisoninvestmentresearch.co.uk/researchreports/MCB_finance_Update_290911.pdf
Having survived the credit crunch and remained profitable throughout in all countries except Latvia, MCB Finance Group’s (MCB) loan offering in the Fenno-Baltic region delivered material growth in H111, critically with no lead indications of credit deterioration. Market uncertainty remains high, but as investors gain confidence in the increasing estimates, the low valuation will become more apparent. Delivery on our raised numbers will be enough. The delisting now is unlikely to conclude but the associated share price weakness has created a significant valuation discount.

MCB Finance Group is a leading online provider of short- and medium-term loans to customers in Finland, Estonia, Latvia and Lithuania using the Credit24 brand.
Year
End Revenue
(€m) PBT
(€m) EPS
(c) DPS
(c) P/E
(x) Yield
(%)
12/09 14.3
(0.6)
(6.1)
0.0
N/A
N/A
12/10 11.1
0.5
1.3
0.0
32.1
N/A
12/11e 16.4
3.4
15.3
0.0
2.8
N/A
12/12e 19.7
4.5
21.1
0.0
2.0
N/A
MCB Finance Group is a research client of Edison Investment Research. By SpikeyDT
17:31 27/09/2011 Re: Scandalous
RNS: This is looking beyond dodgy. Way beyond. By Harvey Crosby
17:26 14/09/2011 Re: Scandalous
How can they be allowed to issue an rns on 20/7/11 saying that they know no reason for the share price fall ! when orient partners have sold 177,500 shares between 7th and 18th july. They then sold a further 100,000 between 20th july and 1st aug. I think they must have been talking about coming off the aim market for a couple of months, so once again the small shareholders have been hit and nothing will be done about it ! By r lunny
14:39 14/09/2011 Re: Scandalous
Well, it's a new one on me. My online broker (Halifax) say they won't have anything to do with the shares in future and I will be "will be required to withdraw or transfer your shares from our nominee service". Doesn't explain what happens if I don't. Anyway, others' views welcome! By Harvey Crosby
9:46 13/09/2011 Scandalous
How can this company be allowed to get away with this ! By r lunny