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Charter Court Financial

May 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CCFS
  • Price:
  • 300p
Charter Court is a nifty IPO we alighted on at 234p last December, with the gain topping £1 a share at one point. The company, a specialist in buy-to-let (BTL) mortgages for professional landlords through its Precise Mortgages brand, released maiden results ahead of forecasts with second half pretax profit of £52.5m (Investec forecast: £49.9m) resulting in full year profit up 123% to £109.1m. The loan book grew 42% to £5.4bn, while it delivered a BTL net loan growth of a barnstorming £4.5bn (+524%!) in 3 years.Net interest margin (difference between what it costs to borrow and lend to customers) improved from 3.08% to 3.19%, helped by a fall in cost of funds. The latter was fuelled by a 29% incre ...

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Related Articles

Charter Court Financial - Pretax profit forecast to grow 75% over 3 years (October 2018)
Charter Court Financial - New fast growing lender to professional landlords (December 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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