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MCB Finance Group

  • BY: Andrew Hore |
  • POSTED: 02/08/2011 |

Orient Equity Partners is continuing to sell shares in personal credit provider MCB Finance Group.

The latest disposal of 100,000 shares has reduced Orient’s stake to 7.97%.

These share sales have held back the MCB share price even though the provider of credit in the Baltic states and Finland has said that trading was strong in the first half of the financial year.

At 51.5p a share, MCB is valued at £8.96m. The shares are trading on less than six times 2011 earnings estimates from house broker Merchant Securities, falling to less than four next year.

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