Simon Thompson 

PCF's bullish outlook

Simon Thompson

Simon Thompson

Aim-traded specialist bank PCF (PCF:36p) has delivered shareholders the bumper set of annual results I had anticipated when I included the shares, at 27p, in my 2018 Bargain Shares Portfolio. In fact, the company has overdelivered. PCF increased full-year pre-tax profits by 44 per cent to a record £5.2m, all of which was organic growth and beating house broker Panmure Gordon’s forecast by 7 per cent, to lift earnings per share (EPS) by a third to 2p and support a 58 per cent hike in the payout per share to 0.3p.

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