TIDMDFCH

Distribution Finance Cap. Hldgs PLC

21 April 2021

 
Good momentum as FY 2021E starts strongly 
 DF Capital's (DFC) FY 2020 results came from a challenging period, but also one of major progress, 
 and were predominantly in line with our expectations - albeit that the pre-tax loss was a 
 touch better than our estimate. Following the fundraising in January 2021, DFC is well-positioned 
 for growth and has started FY 2021E strongly. Our unchanged estimates reflect the potential 
 which the business has to grow its loan book substantially over the next three years, taking 
 advantage of the underserved small business lending market in the UK. We note management's 
 positive outlook comments and expect to see the Group achieve its target of a profitable monthly 
 run rate in Q4 of this year as its funding costs continue to benefit from a favourable deposit-taking 
 market environment. We continue to assume that operating expenses and the cost of risk remain 
 well controlled and look forward to further positive updates.

Click here for full analysis

Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.

About Progressive:

Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.

www.progressive-research.com

 
         Broad coverage                      Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15        with average       20 
                                   analysts                      years 
    Financials        Property                  experience 
                                                    of 
    Healthcare         Retail 
    Industrials      Technology      30+                       techMARK 
 Investment Trusts    Telecoms                industry based    Extel 
      Mining         Utilities                    awards       StarMine

For further information please contact:

Emily Ritchie

+44 (0) 20 7781 5311

eritchie@progressive-research.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFIFFRSSILFIL

(END) Dow Jones Newswires

April 21, 2021 02:26 ET (06:26 GMT)

Distribution Finance Cap... (LSE:DFCH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Distribution Finance Cap....
Distribution Finance Cap... (LSE:DFCH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Distribution Finance Cap....