Vector Capital Plc (LON:VCAP – Get Rating) shares shot up 3% on Friday . The stock traded as high as GBX 47.91 ($0.59) and last traded at GBX 47.91 ($0.59). 16,538 shares were traded during mid-day trading, a decline of 40% from the average session volume of 27,411 shares. The stock had previously closed at […]
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27 January 2021 | 07:41am
StockMarketWire.com - Recently listed commercial lender Vector Capital said its annual revenue had grown by a fifth as its loan book swelled.
Revenue for the year through December climbed 20% year-on-year to around £4.3 million, amid 8.2% growth in the loan book to £36.4 million.
The company, which listed last month, said it had 63 live loans at year end with an average size of about £577,000 and an average loan-to-value of 44.2%. The company has delivered a robust performance, in line with management expectations, despite the impact of Covid-19, particularly during the months of April to June, when prudent action was taken to cease new loans, Vector Capital said.