Morses Club - plenty of performance indicators and an appetising dividend yield as well!
Morses Club, the Home Collected Credit lender, has impressed us with the clarity of information it provides, not to mention the 5% dividend yield on offer. All the better given the slightly murky nature of its business!
Morses Club (AIM: MCL), is the second largest UK Home Collected Credit (HCC) lender and offers a range of loan products to over 230,000 customers through an extensive network of nearly 2000 agents around the UK.
This is viewed by many as a slightly murky sector with Main Market listed Provident Financial (PFG), the market leader and one time stock market darling, having fallen from grace a year or so ago.…
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