1pm Share Discussion Threads

[shanklin] 24/7/2015 08:08

Blimey just noticed FY results were issued almost two months earlier than last year.

[frenchfry] 24/7/2015 07:37

And a maiden divi thrown in for good measure.
For Aim this is a well-managed outfit which does just what it says on the tin.

[shanklin] 24/7/2015 07:30

So OPM aim to increase their loan book from circa £30m to £75m over the next 3-4 years.

[tomps2] 29/6/2015 18:03

David Stredder at Mello Monday 15.6.15 talking about OPM. One of the last companies on the clip. (It's all the company suggestions including others). hxxp://www.piworld.co.uk/mello-monday-june-15-2015

[davidosh] 10/6/2015 14:35

Indeed this is a far from mature growth stock not income provider for investors.

Thankfully I think OPM are keen to be able to continue the under promise over deliver habit !

[shanklin] 10/6/2015 13:15

WH Ireland have upped the EPS estimate for y/e Mar-15 from 3p to 3.7p but left the EPS for y/e Mar-16 at 4.4p, with a dividend of 0.3p for y/e Mar-15 and 0.4p for the current year.

It seems to me that the estimate for y/e Mar-16 is ridiculously low, and extrapolating the recent growth, EPS should be at least 5p.

Additionally, why or why is OPM paying a dividend? It needs all the cash it can get to grow its loan book and should not be frittering any away to shareholders to the detriment of the ongoing business. If any prospective shareholder suggested they could not invest in OPM because it doesn't pay a dividend, they should be put firmly back in their box. There will be plenty of takers for OPM shares provided management continue to grow the business to the maximum whilst managing credit risk as well as has onbiously been the case.

All IMHO, which in this case is not very humble :-)

Cheers, Martin

[davidosh] 10/6/2015 12:02

I think the two key pieces of information were the loan book growth at £30m which is up nearly 50% over same time last year and for current trading the fact that the last quarter was the best ever with £5.5m of new business completed (they did £5.7m in the whole of H2 last year) so the growth is fantastic and the new HQ building, one or two new key staff and improved systems will all help to allow continued and substantial growth from here without hitting capacity constraints. Look how bad debt control has really improved too even though it was already one of the best in the sector.

The company is doing a great job and rewarding shareholders. Very proud to be a significant shareholder here.

[owenski] 10/6/2015 08:40

Folks were paying more than this when the total book value was 20m

Its now at 30m

Although increased business costs will have some impact on EPS, the decision to invest in the business capacity with office move, IT systems and headcount etc looks to be paying off already, if they hadn't done this, one could see constraints on future growth at some point.

Impressive growth figures in that TU

SP moved up through the key MA's and the volume is kicking in, so the recent down trend looks done. I'd offer interesting times ahead.

Great business. IMO

[jamielein] 10/6/2015 08:37

Glad to see they're still on track. Must admit I was getting a little nervous having heard nothing from them for such a long time!

[stegrego] 10/6/2015 08:18

Well done OPM. Now get back to those previous highs.

[owenski] 29/5/2015 09:56

I guess the share price weakness is probably due to the uncertainty regarding the increased business costs and how that will pan out.

My estimate would have been for EPS of over 4p - possibly nearer to 5p for this year - but as the increased costs are unknown its difficult to estimate, they'll certainly read lower as a result.

Headline numbers of revenue and PBT are likely to show continuing growth, and as the investments are to grow the business from a larger platform, I'd say it's all going to come good at some point.

Also, there was talk of a maiden dividend for this year.

Chart's been in a down trend and I'm not going against that. All in all, it's probably just some uncertainty about the enlarged cost base and confirmation that it's all bedding in. One last thing - they did talk about suitable acquisitions, so maybe some uncertainty about quantum and funding of that.

Still a business worth watching very closely though IMV

[salpara111] 29/5/2015 09:33

I have been tracking this one for a while but felt that it had got ahead of itself.
Personally I feel that the current valuation in now fair so a bit of guidance to the upside should see the share price move back up again.
I have no stake at present but am considering taking one before the next update which should be in the next few weeks.

[shanklin] 28/5/2015 09:17

Just added a few OPM in the hope that all the extra resource the company has been adding will mean revenues are somewhat higher than the current market forecast. If previous years are anything to go by, there will be a TS for the y/e 31-May some time in June.

[owenski] 09/4/2015 16:09

Mr Russell buying again

Quite a large holding directly and indirectly also via UK Private Healthcare.

[owenski] 19/3/2015 09:55

Dont know what the volume was on the 17th, looks like two back to back deals gone through at mid price.

Recent share price weakness at odds with OPM's track record of growth and outlook. Business also expanding to cope with expected growth. Agreed, decline has been on low volume possibly corresponding with end of tax year.

Looks to be an attractive entry point IMO

[shanklin] 19/3/2015 07:55

Thank you David

[davidosh] 18/3/2015 18:00

Probably a few people booking gains before the end of the coming tax year end. Not very serious volumes. I have invited the directors to come along to our Peterborough Mello workshops event next month so we may get an update before the year end which would be useful timing. www.melloevents.com/workshops/

[shanklin] 18/3/2015 14:29

Mmm, wonder how low these will go compared to the 61p placing.

[stegrego] 20/1/2015 20:00

They aren't going to miss earnings. This investment is expected and earnings forecast for this year is already down as -15 percent from last year.
If anything I'd expect them to beat that forecast.

[salpara111] 20/1/2015 17:58

Valuation is still a bit frothy for me.
If you have been in for 2 years then you have made huge returns but I suspect that future returns will be rather less spectacular!

[pyemckay] 20/1/2015 17:05

eps for the year wont come in at consensus, thats the underlying message from the results statement.
I guess another £0.3m in costs second half so eps under threat.
Long term it wouldnt matter but I might get a chance to buy into this company around the 50p mark.

[spig69] 20/1/2015 16:15

Seems my calculations are based on 6 months earnings (sorry!). So half the EPS ratios.....

[shanklin] 15/12/2014 07:47

Looks good. No idea why OPM fell so far last week albeit I was happy to be able to add a few at 51p.