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Hardman & Co Research Hardman & Co Research: Morses Club (MCL): Home collect and online lending acquisitions 15-March-2019 / 15:20 GMT/BST *Hardman & Co Research: Home collect and online lending acquisitions* On 26 February, MCL announced the acquisition of the online lender CURO Transatlantic for a consideration of ca.GBP8.5m. Curo has a net loan book of ca.GBP10m and 50,000 customers. This deal is strategic in that it transforms the online lending business with a much-enhanced decision engine, infrastructure, carefully selected customers and all for a discount to book. MCL also announced the acquisitions of Eccles Savings and Loans, on 31 January, and of Hays Credit LLP, on 12 February. These add ca.5,700 customers (there were 230,000 at MCL's 1H FY'19) and may be characterised as a resumption of add-on deals in the core business. Please click here for the full report: https://www.hardmanandco.com/?post_type=research&p=2630&preview=true [1] +-------------------------+----------------+-------------------+ |*To contact us:* |*Contact:* | | | | |mt@hardmanandco.com| |Hardman & Co |Mark Thomas | | |35 New Broad Street | | | |London |+44 20 7194 7622| | |EC2M 1NH | | | |www.hardmanandco.com | | | |*Follow us on Twitter* | | | |@HardmanandCo | | | +-------------------------+----------------+-------------------+ *Hardman & Co Research can still be accessed for free after MiFID II. Please *click here [2] *to read the statement.* *About Hardman & Co:* For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 788097 15-March-2019 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=28634de5364741f806bf4096922cb43b&application_id=788097&site_id=vwd&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=788097&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 15, 2019 11:20 ET (15:20 GMT)
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