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TIME Time Finance Plc

39.50
0.80 (2.07%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Time Finance Plc LSE:TIME London Ordinary Share GB00BCDBXK43 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 2.07% 39.50 39.00 40.00 39.50 38.70 38.70 311,618 15:14:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 27.57M 3.45M 0.0373 10.59 36.54M
Time Finance Plc is listed in the Electrical Machy, Equip sector of the London Stock Exchange with ticker TIME. The last closing price for Time Finance was 38.70p. Over the last year, Time Finance shares have traded in a share price range of 23.30p to 43.50p.

Time Finance currently has 92,512,704 shares in issue. The market capitalisation of Time Finance is £36.54 million. Time Finance has a price to earnings ratio (PE ratio) of 10.59.

Time Finance Share Discussion Threads

Showing 5151 to 5175 of 5175 messages
Chat Pages: 207  206  205  204  203  202  201  200  199  198  197  196  Older
DateSubjectAuthorDiscuss
28/3/2024
18:56
Thanks Chester
He is a big fan of TIME

gswredland
28/3/2024
17:41
hTTps://www.investorschronicle.co.uk/ideas/2024/01/25/tap-into-this-bargain-priced-sme-lender/late Jan behind a paywall
chester9
28/3/2024
16:04
It's someone else who wishes us not to mention
When did Simon Thompson tip please?

gswredland
28/3/2024
15:35
TIME to crack on and bust that 40p! positive movement with a few buyers this afternoon, the simon thompson effect?
nakedmolerat
26/3/2024
13:44
Net tangible assets are up 3.3% in Q3 alone, so simplistically that's over 13% per annum.

Gross lending is up a fraction - but much the more important indicator is Own Book lending, which is up a whopping 40% over Q2.

And of course PBT has grown from £0.7m in Q2 to £1.5m in Q3.

rivaldo
26/3/2024
12:33
It's a mixed report compared to the 6 month report. The PBT has risen a lot but the assets and gross revenue have sort of stagnated.
Would be nice to be told that 4Q will be better.

controlledmadness
26/3/2024
11:20
Cavendish have a 71p target here.

They've raised their forecasts yet again, with PBT up 6% to £5.7m.

They now have an adjusted EPS of 4.9p to this May (up from 4.6p), rising to 5.4p EPS next year.

That's a P/E of 7.8 falling to 7.1.

In summary:

"Positive 3Q/24E Trading Update

Time has released a positive trading update for 3Q/24E revealing the 11th consecutive quarter of loan book growth to a new record of £190m (As at 3Q/23A: £157m). The loan book has reached this high following £66m (As at 3Q/23A: £53m) of new own-book lending in the 9-month period.

The growth has remained high quality, with the focus being on expanding the secured lending areas of Invoice Finance and Hard Asset Finance. The tilt towards secured lending has meant arrears have kept flat at 6% even as the book has grown substantially, and it is important to note that 6% arrears on a secured lending book is lower risk than 6% arrears on an unsecured book, given the recoverability rate of the loan is not captured in the statistic. Overall, revenues increased
20% to £24m (As at 3Q/23A: £20m) and plentiful operational gearing, aided by net interest margin discipline, pushed PBT up 40% to £4.2m (As at 3Q/23A: £3m).

In-line with management expectations, we have upgraded our FY24E revenue by 2% to £31.5m and upgraded our PBT by 6% to £5.7m. In terms of valuation, Time looks extremely cheap given it is trading on an FY25E basic P/E of just 7.7x and FY25E P/TNAV of 0.8x, despite over 20% ongoing earnings growth. We remain encouraged on Time’s outlook given it has achieved so much during a challenging period for the UK economy. The recent UK inflation figures and BOE commentary about imminent interest rate cuts bode well for continued expansion in Time’s loan book."

rivaldo
26/3/2024
08:57
I bought a few more so thanks to them
chester9
26/3/2024
08:45
And what a terrible market reaction
doobz
26/3/2024
08:45
Looks like quite a clumsy seller this morning.... Could have dripped more smartly over the day and achieved 40p instead of 38p....
boonkoh
26/3/2024
07:52
It will indeed!

An excellent 9 month update. Guidance is that trading will be "at least" in line with the upgraded expectations, but looking at the figures it would seem that TIME are on track to once again beat the latest expectations as outlined in post 560 above for both revenue and PBT.

rivaldo
26/3/2024
07:15
That will do :)
doobz
25/3/2024
16:56
a few sellers buying in advance this morning and a few leaving leaving by the back door
nakedmolerat
24/3/2024
13:51
Only a couple of days to go...

Time Finance plc, the AIM listed independent specialist finance provider, announces that the Group will provide a detailed trading update in respect of the financial year to 31 May 2024 ("FY24") on 26 March. The FY24 trading update will fully incorporate nine months of Group trading to 29 February 2024.



With continued strong demand from businesses across the UK for the range of alternative finance products that the Group offers, and with positive trading momentum continuing throughout December, January and February, the Board has confidence that FY24 Revenue and Profit Before Tax ("PBT") will now be not less than £31.5m and £5.7m respectively, each ahead of latest market expectations(1).





(1) Current market expectations at the date of this announcement are of FY24 revenue of £30.8m and FY24 PBT of £5.4m.

davidosh
24/3/2024
12:07
Rimau1

TIME vs MFX

I think you must have read my post upside down !

Because I make "no claims at all" in my post about the significance of my post !!

smithie6
22/3/2024
10:44
Good to see the long-term upward trend on the chart continuing again.
rivaldo
21/3/2024
16:00
Surely it's a mistake?
chester9
21/3/2024
15:59
Sorry James Robert's has 615k
chester9
21/3/2024
15:58
If sales then only Arena, GPIM, Ronald Russell and Time employee trust have that many shares
chester9
21/3/2024
15:55
21-Mar-24 15:53:21 39.00 685,000 Sell* 267.15k O
21-Mar-24 15:45:14 39.00 685,000 Sell* 267.15k


whats that all about ?

horridhenry
15/3/2024
16:05
Thanks for posting Rivaldo.Good to see you onboard here
Not long to go till the 26th....

gswredland
14/3/2024
19:30
I think you are overstating the significance of your post Smithie6
rimau1
14/3/2024
15:01
((as a small aside

X weeks ago I posted a challenge, just for fun, between TIME & MFX shares to see which would rise the biggest % by the end of June.
To begin with TIME went in to the lead, but now after a great 4 days this week for MFX, the current race leader is surely MFX.
But the race end date is the end of June, so still a good amount of time to go.
And best wishes to all & any shares for money lending companies. May the market smile on them all)).

smithie6
11/3/2024
09:04
Nice coverage on Master Investor:



"Time Finance (LON:TIME) – Ready To Tick Higher

We now know that the full year results from this independent specialist finance provider will be better than market expectations.

We will have to wait until the Bath-based asset, loan and invoice finance company issues its Trading Update, covering the nine months to end February this year, which is due to be published on Tuesday 26th March.

Analyst Andrew Renton at Cavendish Capital Markets was previously looking for the year to end May 2024 to show total revenues up from £27.8m to £30.8m, upon which he expected to see adjusted pre-tax profits improve from £4.4m to £5.7m, lifting earnings up to 4.6p (3.7p) per share.

For the coming year he was forecasting £33.1m revenues, £6.7m profits and earnings of 5.4p per share.

However, after the 26th I wonder whether he will be upgrading his estimates?

The group’s shares have been up to 44p, that was in late February, since when they have dipped to 36p before picking back up to 39.5p by last night.

These shares are cheap and take little account of the £37m capitalised company’s growth potential in the price."

rivaldo
05/3/2024
12:33
And trading on such a low multiple too!

I guess credit risk is the area to watch closely here - but so far, so good

misterd1
Chat Pages: 207  206  205  204  203  202  201  200  199  198  197  196  Older

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