Morses Club Plc (LON:MCL) Coverage Initiation by Zeus Capital is the topic of conversation when Research Analyst Robin Savage joins DirectorsTalk. Robin explains what the company do, what we should be looking out for in terms of news flow over the coming months and shares his thoughts in deciding if now is a good time to invest in Morses club.
Morses Club Plc is the second largest UK Home Collected Credit lender with 233,000 customers and 2,124 agents (as at 26 August 2017) across 98 locations throughout the UK.
The Company offers a range of loan products to its customers through its extensive agent network. The majority of the Company’s borrowers are repeat customers and the Company enjoys consistently high customer satisfaction scores of 95 per cent or above.
The Company is using technology to broaden its offering and provide new products to ensure customers can access credit with the flexibility they require. In April 2016, its cashless lending product, the Morses Club Card, was introduced, enabling its customers to buy online as well as on the high street. Dot Dot Loans, the Company’s first online instalment product, was launched in March 2017. The company successfully listed on AIM in May 2016.