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Penny Stocks Lender PCFG (PCF:London) Survives and Thrives

Posted July 1, 2008

“This will be the golden age of lending.” — Tony Nelson, Private & Commerical Finance

Blogger’s note: Tom Bulford of Penny Sleuth UK recently spoke with the Chief Executive of Private & Commercial Finance(PCFG) Tony Nelson, who made the statement above. But before you start questioning Nelson’s sanity, you should check out his penny stocks company’s strategy. It’s allowed PCFG to not only survive the credit crunch but generate record profits this year and beyond. And if you’d like to get back into financials or you’re interested in penny stocks, but don’t know where to start, PCFG could be your best bet. You can find the article here or read on for more.

by Tom Bulford

Baltimore and London – (TFN): What?! With borrowers defaulting all over the place and the business climate getting steadily worse - can these really be golden days for money-lenders?

Well, yes actually. And Tony Nelson told me why.

Nelson is chief executive of Private & Commercial Finance (PCFG) (PCF:London), a £7m AIM-listed provider of finance. Since last August when the credit crisis began to seep through the banking world PCFG has been raising its lending rates. It has widened the margin between the cost of its funds and the price at which it lends them out by 150 basis points.

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True, it has had to pay an extra 50 basis points for new loan facilities that it has arranged this year, but still it has seen a dramatic widening of its profit margin in a matter of a few months.

‘We are pushing at an open door,’ Nelson went on. In recent months major providers of finance such as One World Leasing and the Cattle’s subsidiary Welcome Finance have withdrawn from the business of financing loans to those who want to buy a car or to owners of small businesses who are looking to buy new equipment. So such individuals are finding it increasingly hard to borrow money and are turning to PCFG in growing numbers. Read on to learn more.

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Posted by Tom Bulford · Filed Under International Investing 

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