2 March 2018 – AGM statement
At the group’s AGM, it was reported that trading in the first five months of the financial year has been in line with expectations with new business originations in the five month period to 28 February being 93% ahead of the same period last year at £54.5m (2017: 28.2m). The group’s loan portfolio is now £172m compared with £127m at the same time last year. The group remains on target to reach its goal of a loan portfolio of £330m by September 2020. This is an encouraging trading statement and we retain our BUY recommendation.