MCB Finance (LON:MCRB) - Growth momentum

Thursday, Feb 16 2012 by

Feb 16th 2012 - Edison Investment Research today published a report on MCB Finance (MCRB.L, LSE:MCRB, LON:MCRB) entitled "Growth Momentum". In summary, the report says:

MCB had an outstanding 2011, with principal lent up 66%, revenue up 54% and the operational gearing of the model turning this top-line growth into a more than sixfold increase in pre-tax profits (up from €0.6m to €3.7m). Credit quality has improved in 2011. We expect further organic growth, with the Fenno-Baltic region proving highly robust. There is the potential for further step increases in business through new geographies and product lines. The valuation discount is unjustified by the performance of the company and its ongoing opportunities.

About Edison Investment Research

Edison Investment Research


Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority ( more »