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Morses Club – increase in complaints AGAIN (…why’s the AGM being held virtually again?!)

By Steve Moore | Tuesday 21 June 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


On 3rd March Morses Club (MCL) issued a trading update including that having “announced that it expected adjusted profit before tax for FY22 to be between 20% and 30% below the prevailing analyst consensus of £7.5m due to the impact of the recent increase in claims, subject to year-end audit review… complaints continue at the same levels as we reported, and our guidance remains unchanged”. Now an “Update on Claims Volumes and FY22 Results” announcement...

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