1pm Share Discussion Threads

[abbey8] 04/9/2013 19:45

Good news and long term pension growth for me , just feel big news are coming
here this winter . gla

[fireman bob] 02/9/2013 23:21

Good update today showing the momentum is being maintained. I plan to hold these as long as the story remains intact. I used to follow Paulypilots blog regularly but move to the subscription site has stopped that, thanks for copying his script over to here.
Cheers

[willydoctor] 02/9/2013 12:16

Their growth rate is remarkable, and currently no suggestion of slow down in business. They are lending as fast as finances allow. Additional capital non-dilutive which is excellent news.
With such a growth rate - not quite exponential, but impressive noneleless, the P/E is always going to be playing catch-up to a far greater degree than with the big caps.
This is a red hot long term hold imho...

[the oak tree] 02/9/2013 08:26

Hope I'm alright copying this in. Its from the Stock oo thingy we can't mention here and written by Paul Scott who I really rate. So if you don't subscribe I suggest you do , well worth the money. Anyway now I've given the good guys there a plug I feel better copy in Paul excellent piece.


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1pm (LON:OPM) has issued a trading update which sounds positive, saying that trading in Q1 has been "very encouraging", with "sales achieved in each month surpassing expectations". I've come close to buying these shares several times, but missed the big move up in price a few months back as I dithered too long, and then baulked at paying a higher price once they had begun moving up - clearly a mistake.

1pm is a small provider of lease asset finance to SMEs, so it has neatly filled a market gap left by the Banks, and typically raises money from HNW (high net worth) individuals and companies at about 8% p.a., then lends it on to SMEs for asset purchases, at just over double that rate. So a very simple business model. It has sensible underwriting & lending policies, which mean that risks are minimised, and it just looks like a good business, with plenty of demand from customers in an area where the traditional Banks still fear to tread.

Another Block Discounting Facility has been arranged for £1m, to allow them to write more business, and they also refer to increasing demand. The share price is currently 41p (which needs to be divided by 146.67 to adjust it to the pre-share consolidation price, of 0.28p). I first turned down these shares when the idea was put to me at 0.14p, so turned away a doubler. What to pay for them now? It's difficult to say. Profits look set to be approaching £1m this year perhaps, and growing strongly, so at £12m market cap maybe it's not expensive on a 2-year view? I shall have to ponder this a bit more, but it's certainly on my watch list as something to buy on a dip, if the opportunity arises.

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By the way I'm not joking both Paul and Stock o thingy are well worth the sub (you get both for one price).

[the oak tree] 02/9/2013 08:13

Excellent news, am sure the share price will kick on from here. Very encouraging to see their funding model deliver without raising equity - I do beleive they have a substantial model to keep doing this with.

Digital Look has some forecast numbers but I don't really belive them to be honest.
31 May 2014
Revenue £3.49m
Pre Tax £0.98m
EPS 2.61p

That gives a PE of some 15 at the open price today. Basically even if we go with these numbers its good value considering its growth rate this last few years. But as I say I think they will get revised upwards as the year unfolds.

The Banking sector is still not settled.

Very happy to hold this one.

----------------------------------------------------

1PM PLC
(AIM: OPM)

New £1million Block Discounting Facility and
Trading Update


1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of lease asset finance to the SME sector, is pleased to announce that it has negotiated an additional new Block Discounting Facility totalling £1million. This additional funding will be used exclusively for the purpose of writing new business.

The loan terms are consistent with those of other funders to the Company.

In addition, the Board is pleased to report that trading during the first quarter of the financial year has been very encouraging, with sales achieved in each month surpassing expectations.


Maria Hampton, CEO of 1pm, commented:

"We are very pleased to have been granted this new facility. This brings the total amount of new funding raised since 31st May 2013 to just under £4.3m, which is more than the Company raised during the whole of the last financial year (FY13: £4.14m).

"The new block discounting facility will enable us to continue to meet the increasing demand in new business volumes.

"We are also encouraged by the trading volumes during the first quarter and would like to take this opportunity to thank the staff for their continued hard work and dedication."

[mcpaulas] 02/9/2013 07:52

Good growth story on this one,long may it continue.

[shanklin] 02/9/2013 07:48

Also, quite a lot of commentary in the Sunday Times stating that the previous increase in bank lending to SMEs was an aberration and they had cut back on this again. Positive for OPM.

[jamielein] 02/9/2013 07:46

Short and sweet trading update:

"In addition, the Board is pleased to report that trading during the first quarter of the financial year has been very encouraging, with sales achieved in each month surpassing expectations."

Happy to hold here.

[abbey8] 29/8/2013 14:58

Some positive news will get this share moving upword .

[willydoctor] 23/8/2013 10:53

Wonga?!? They are on the way out of business if the Archbish of Canterbury has anything to do with it - and not a moment too soon if you ask me!

[pfreeman] 22/8/2013 17:39

dear willydoctor,thanks for the tease,try Wonga they will lend you the money

[willydoctor] 22/8/2013 16:30

Hi PF,

Sorry - we are teasing you most unfairly.
I think this is a screaming buy. Not a trading stock - not enough people interested. But I reckon it will be double this in a year. A complete guess of course and likely to be completely wrong - but the cumulative interims / full year figures show a remarkable picture. I am planning to add once I've worked out how I am going to pay for them...

[pfreeman] 22/8/2013 15:32

I bought before consolidation not after,what's so difficult about that.the question is,do you buy more at the new price or let the just let the share run

[willydoctor] 22/8/2013 14:03

PMSL!!!!!!

[davidosh] 22/8/2013 13:43

PFreeman....Are you for real ? How do you assess the companies you invest in ? Tell us why you bought as your comments are distorted ? The share price has clearly not gone from 0.12p to 44p !!

[pfreeman] 22/8/2013 12:49

I bought my shares at 0.12p per share because I saw potential.now they are 44p is there any chance of going to 88p?

[willydoctor] 22/8/2013 09:16

Profit increase of 73% in last statement, business growing so fast that the only limit is generating new money to lend, default figure of way less than 5%... a dead share....???? I think not. We are lucky enough to have caught this one so small that it is beneath most people's radar. It won't stay here for long. If their newsflow continues in anything like the form of the recent past then more and more people will wake up to the strength and scalability of their model.

[pfreeman] 22/8/2013 09:10

now this share is 40p,is anyone interested in buying more of this stock or is it a dead share?

[willydoctor] 20/8/2013 09:07

Why would you short this share?

[shareho1der] 20/8/2013 01:18

Abbey .I reckon the shorters will be all over this share now.So expect no rise.

[abbey8] 19/8/2013 17:35

Wow , I must been dreaming . Tomorrow will be another big rise . I am just
so lucky. More news are coming this way.

[grlz] 19/8/2013 14:48

"I'M RICH, RICH, RICH!!!" oh hang on....