1pm Share Discussion Threads

[windass] 17/7/2013 14:59

Ultimate Finance being bid for.

Suggest OPM is on the watchlist

[jamielein] 17/7/2013 14:48

Wonder what has caused this large decline today. Though I was wondering what had caused the large increase too, so I can't be too upset.

[abbey8] 16/7/2013 08:45

Still looking good and strong for July month .gla

[willydoctor] 15/7/2013 16:41

Pleasure. The great thing about this company is that their bad loan rate is so low - so that as loans mature, the money back can then be ploughed into new business, and therefore the need for new money is less. Amazing spike this afternoon to 0.31. I keep thinking that there will be profit taking and a fall (to buy more!!) but it never happens.
Anyway - off home after another great day!

[abbey8] 15/7/2013 15:50

I wonder if the company has to raise more shares to keep up with the demands?

[abbey8] 15/7/2013 15:06

There must be more new potential and future prospects here . News and we
should hit the roof. Thank you WD

[grlz] 15/7/2013 14:24

looks like this could pop to .05 with the amount of momentum behind it

[willydoctor] 15/7/2013 12:42

Sorry - computers and me don't mix. here's a cut and paste of the IC article...

1PM growing fast
1PM
(OPM) may be small, but it's growing at break-neck speed - as the asset finance specialist rushes to fill the funding gap left by mainstream lenders. Customer numbers grew 26.5 per cent to 2,380 in the year to end-May, while new business written rose 57 per cent to £7.8m.
The company provides leasing finance of between £1,000 and £50,000, so that small businesses - typically those who have struggled to borrow elsewhere - can lease equipment and, after repaying the loan, buy it for a nominal sum. But 1PM still maintains strict lending criteria and, despite the sharp rise in the loan book, defaults represent a mere 1.4 per cent of the lease portfolio. Moreover, the risk is well spread, with no single customer accounting for more than 0.53 per cent of the total portfolio value. As 1PM owns the equipment leased, it also avoids having to put aside regulatory reserves against transactions.
Business comes through referrals from a network of finance brokers which has increased steadily to over 70 in number. Moreover, £4.14m of new funding was raised during the year from commercial banks and individuals, while last month a share placing raised £1.5m from Henderson Global Investors - all of this funding will be used solely for writing new business.
Broker WH Ireland expects reported 2014 pre-tax profit of £1m and EPS of 0.018p.
1PM (OPM)
ORD PRICE: 0.23p MARKET VALUE: £10.1m
TOUCH: 0.21-0.23p 12-MONTH HIGH: 0.23p LOW: 0.09p
DIVIDEND YIELD: nil PE RATIO: 13
NET ASSET VALUE: 0.1p NET DEBT: 22%

Year to 31 May Turnover (£m) Pre-tax profit (£000) Earnings per share (p) Dividend per share (p)
2009 1.36 3.09 nil nil
2010 1.33 -402 nil nil
2011 1.91 202 nil nil
2012 2.31 436 0.010 nil
2013 3.11 775 0.018 nil
% change +35 +78 +80 -
Ex-div: na
Payment: na
IC VIEW
The pace of 1PM's growth is currently limited by its ability to raise new finance - but that hasn't been a problem yet. After doubling since the start of the year, the shares now trade on 13 times forecast earnings - undemanding given the impressive growth profile. Buy.

[abbey8] 15/7/2013 11:04

Can you please send the link here.Thanks

[willydoctor] 15/7/2013 09:29

Tipped in IC and also FT Money over the weekend. This will be blue today....

[abbey8] 15/7/2013 09:12

It is looking good here again , hopeful some big institute or director's
buying soon.gla

[peladon] 15/7/2013 09:10

Your stock selection is ok though :-)

[abbey8] 12/7/2013 18:31

Good luck all and have a nice week-end. Sorry but sometime my spelling or
English is wrong .

[pfreeman] 12/7/2013 17:41

abbey8 I must admit i had this share ready to crash,you were right all the time,congratulations,i now hold over 1,000.000 keep on rocking

[the oak tree] 12/7/2013 16:56

Jess 14% up in one day! This really is motoring.
Daily volume today is 61m shares compared to 13m normally (based on last 3 mths).

[willydoctor] 12/7/2013 16:48

Completely agree Abbey. I've only been in this since Monday and already more or less 20% up. The most exciting thing for me about this company is not just the spectacular increase in EPS and profit, but the potential for rapid growth. As revenue streams increasingly come from returns on investment rather than new money, dilution goes down. Their book is increasing at a rate of knots. It feels like one of those amazing companies which we are lucky enough to be in before the rest of the world notices.
Best wishes all
WD

[abbey8] 12/7/2013 16:06

Prospect for potential huge growth is driving this company high .

[saucepan] 12/7/2013 12:45

I think we have had the news for now. I suspect it is simply a case of the market taking its time to digest its significance.

A long way north to go from here, I hope.

[abbey8] 12/7/2013 10:57

Still going strong here , they must be getting short of stock . Mostly buy ,
hopefully some news soon.

[abbey8] 10/7/2013 13:14

Still waiting for the rush , I think we are well rooted now and no second
thought or doubt about the company .News and we will be
rocketing to new high . Any one knows please the value of the share now based on results . Thanks

[willydoctor] 10/7/2013 10:11

Morning all. Bought 15m on Monday. What a cracking stock! This one is going to run and run methinks. And there's no stock about. Probably beneath most people's radar - but given the growth in earnings / profit, long term hold looks set to reap fantastic rewards.

[abbey8] 10/7/2013 10:02

I am waiting to top up soon.gla

[jamielein] 10/7/2013 09:38

And still not looking bad value imo. Small top-up for me yesterday.

[glasshalfull] 10/7/2013 09:04

Excellent results as previously flagged. The market has certainly woken up to OPM.

I'm not complaining!

Regards,
GHF

[abbey8] 10/7/2013 06:29

Good one tr. The company is on demand.