News blog
MCB Finance Group
- BY: Andrew Hore |
- POSTED: 04/07/2011 |
Shares in MCB Finance Group have jumped by more than one-third after the personal credit provider said that lending volumes continue to grow.
Bad debt levels are within expectations and some old bad debts are being collected. Figures will be in line with the sharply upgraded estimates in May.
At 95p a share, up 24.5p, MCB is valued at £16.5m. Edison forecasts a profit of €2.8m in 2011. The shares are trading on around ten times prospective 2011 earnings.
Interims will be reported in early September.
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