Market's view on Funding Circle
Published on April 2024
- A stock watcher predicts that the share price will reach three quid, considering it fair value.
- Announcement of an AGM in two weeks, with a proposal to increase the buyback programme from £25 million to £37.5 million, indicates strong cash flow; expected positive impact on share price post-AGM.
- Anticipation of a positive trading update in the next week, boosting confidence in an imminent share price rise.
- The company is viewed as undervalued with £168 million cash on hand and rapid growth in the Flex pay segment. Upcoming trading update and AGM are expected to further confirm the company’s strong position.
- Speculation about a potential full acquisition rather than just the sale of the U.S. division, suggesting significant stock price potential.
- Discussions around the implications of the U.S. business sale on overall company valuation.
- Comments on the historical stock price reaching £2, suggesting potential for growth.
- Observations of a stock short squeeze due to limited available shares.
- Mention of an ongoing share buyback programme positively impacting the stock price.