1st March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
2nd February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
Orchard’s interim results are strong with higher lending volumes helping to offset a lower net interest margin caused by an increase in the cost of funding. Combined with effective cost control, the business delivered a 25% increase in underlying PBT in the period to £1.3m. Despite H1 PBT representing 67% of our FY 23 estimate, we leave estimates unchanged as we expect the impact from an increase in the cost of funding to be more pronounced in H2. There is plenty of facility headroom to support ...
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