|There weren't any exceptionals this time round - where do you see that?|
|Does anyone know what the exceptional item of c£2m was? I can't see reference to it.|
|Thanks David and Shanklin, just listened to the Mello presentation again which confirms their intention was to do exactly this. Slow burner this one!|
FYI, I understand Bradgate used to broke on the vast majority of their business and take the risk on for the remainder whereas, under OPM, there has been a complete reversal of this approach. Whereas the profit recognition on the broked on business is instant, with the retained business it is spread over the duration of the loan.|
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|I am not panicking here but equally the market clearly has absolutely no interest in them and they are clearly not good at drumming up interest given that the share price has only been lower than the current level for about 4 months over the last 3 years.
Sometimes you just have to accept that the market will not place a fair value on a stock and as someone who has been invested here for over a 1.5 years and is sitting on a loss I am not sure that I am willing to wait even longer.|
|I think they have taken some up front costs in delivering the broking for themselves and then profit spread over a number of years so these figures will improve significantly from here. I am sure H2 will be stronger so eps could reach 7p this year not 2018. Generally OPM under promise and over deliver|
|Well, having waited so long I am not sure what to do now.
The company trades on a single digit p/e but clearly the market was disappointed with the results.
I guess the question is will the additional costs wash through into higher profitability in the second half. They are not guiding that that will be the case.
Sadly I am tempted to sell now.|
|From REFS, the Cenkos forecast of 06-Sep-16 is:
Year Pretax EPS DPS
2017 £4.3m 6.0p 0.70p
2018 £5.3m 7.2p 1.06p
If that is accurate, I presume their 2017 forecast will need to be increased.|
|There was some mention previously of the acquired businesses brokering on a lower proportion of their business as this would apparently increase the lifetime profitability associated with these loans. It would be interesting to know whether this has happened as it would reduce current period profitability but help profitability in future periods.|
|You need to view this in the context of historical operating margins, as last year was high relative to previous years (and resulted in a huge jump in EPS). We are seeing this unwind in the comparatives this year.Operating margins:2012 H1 19.72012 H2 20.12013 H1 23.92013 H2 26.92014 H1 31.82014 H2 33.32015 H1 30.22015 H2 29.12016 H1 34.12016 H2 27.42017 H1 26.0The £100k additional bad debts will have accounted for a margin drop of 1.3% this half.Be good to get some more colour on recent margins though - are the acquisitions lower margin than the original 1pm business?|
|At first sight the interims are a bit disappointing.
Revenue up 52%
Cost of sales up 57%
Administrative costs up 86%
So, PBT up only 23%
Weighted average shares in issue up 18% (that we knew anyway)
So, eps up less than 6%.
Unlikely to set the share price alight.
(Please may I be wrong)|
|OPM....Well done to 1pm actually getting their results out a week earlier than last year ...Just like Shanklin I expected it to take a bit longer with three divisions reporting in
1pm plc (AIM: OPM), the AIM listed specialist independent provider of finance facilities to the SME sector, will announce Interim Results for the six months ended 30 November 2016 on Thursday 19 January 2017.|
|No TS - straight into Interims....|
|The business is so much larger now that it is taker longer than previously to compile the relevant information. I suspect we will see a TS next week.|
|Yeah, we are due an update in the next 2 weeks.
They seem to have been doing well so hopefully we can get a decent rise as the current share price suggests a single digit forward p/e.|
|Last year TS on 18th Dec. This year 1/2 year TS on 8th July, so expecting something in the next week or so...|
|Personally I think you have to look at the results, not at the share price. The co has done nothing wrong. It is in an unfashionable sector of the market following Brexit.
The price action does make me wonder whether an acquisition and placing are imminent. Hope not.|
|Really disappointed with this one.
I am actually under water despite holding for over a year.
It would appear that no matter how many positive updates are issued the share price is stuck in the same trading range.
I will wait for the next update but I guess if I see 70p again I will exit as it simply does not seem to be able to leave this trading range.|
|Last year there was a TS on 18-Dec.
Can't imagine the CEO would be doing these various presentations if trading was not continuing at least in line with broker forecasts.|
|On Tuesday 6th December, CEO Ian Smith from 1PM will be presenting at ShareSoc Supper in Richmond (London).
Additionally we have organised a "ShareSoc Question Time" when ISA millionaire Leon Boros will answer questions alongside well known investor David Stredder.
For more information click here: http://www.sharesoc.org/richmond-dec.html|
|On Tuesday 6th December,CEO Ian Smith from 1PM (OPM) will be presenting at ShareSoc Supper in Richmond (London).
For more information, please click here: hxxp://www.sharesoc.org/richmond-dec.html|
|And, again, for no reason whatsoever, we head back towards the placing price.|
|WHEN: TUESDAY THE 11TH OCTOBER 2016 - DOORS OPEN AT 6.00 PM; THE PRESENTATIONS START AT 6.30 PM
WHERE: CAXTON ARMS, 36 NORTH GARDENS, BRIGHTON, BN1 3LB
CEO Ian Smith will be presenting in Brighton with Paul Scott.
Click here for more information: http://www.sharesoc.org/brighton-oct.html|
|1PM will be presenting in Brighton on Tuesday 11th October at AXTON ARMS, 36 NORTH GARDENS, BRIGHTON, BN1 3LB
- 1PM (OPM): Specialist provider of finance to the UK SME Sector. CEO Ian Smith will be presenting.
There will also be a talk from Paul Scott (Stockopedia) on small cap stocks at this event.
Please use this link to register: hxxp://www.sharesoc.org/brighton-oct.html|