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OPM 1pm Plc

24.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
1pm Plc LSE:OPM 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
  0.00 0.00% 24.00 23.50 24.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

1pm Share Discussion Threads

Showing 2551 to 2574 of 3000 messages
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DateSubjectAuthorDiscuss
13/9/2018
07:24
After the impressive results yesterday I did research OPM and became more convinced that they are in the next phase of growth now and did add to my holdings later in the day.

I agree with eagle eye that OPM have many zulu like qualities, and have highlighted these on the Zulu thread.



Technicals look nicely set up also with a strong breakout of a long consolidation period, chart looks like it is at the start of an early positive trend now. (stage 2)

interceptor2
12/9/2018
16:29
maiken

AIUI "broking on" reduces revenue, and reduces the anticipated profit associated with any given loan (provided there are no bad debts) but what profit there is goes straight to the bottom line rather than being spread over the period of the loan.

shanklin
12/9/2018
15:57
I agree Shanklin that Hardman may be being cautious on revenues looking forwards.I certainly hope so and thanks for reminding me that the full impact of acquisitions is yet to feed through on revenue

weirdly Ian Smith returned my call as I wrote this.He agreed they are being conservative on how they are managing revenue expectations but also made the point that if the economy looks a bit stickier ahead they may well choose to broker on more business for commission rather than than write it on their own book and this would lower revenues also.

the figs I quoted for admin expenses are for the results reported today,as such they are a historic fact rather than future expectation so that step change does have an impact I think.

maiken
12/9/2018
13:13
maiken

Is it possible that Hardman is being cautious in terms of maximising admin costs whilst being very conservative about revenue growth?

Unless Brexit has a major impact, it would seem strange for organic revenue growth to decline from 31% to the 8+% currently shown on Stockopedia especially as Cash Flow Finance was acquired 2 months into last year and CF2U's remit expanded on 23-Jul-18.

Thank you, Martin

shanklin
12/9/2018
12:32
Group employees

31/5/16: 83
31/5/17: 109
12/9/17: 152
30/11/17: 158
12/9/18: 180

speedsgh
12/9/2018
12:17
I am a holder but for balance I will point out administrative expenses rose from 37% of revenues[£6.4m] to 40% of revenues[£11.9m].This seems at odds with any claim that there was no increase in staff in 2018,as does the assertion in the latest Hardman note that compliance staff numbers rose from one to four for example.

It also seems at odds with any implication they are leveraging their fixed cost base .

Additionally the Hardman note DOWNGRADES their EPS forecast for the current year to May'19 by 2%,as far as I can tell largely because of this jump in administrative expenses.They now look for EPS growth of 6.5% which is rather a sharp slowdown if correct.[followed by 11% in 2020]

maiken
12/9/2018
10:44
The dividend policy shows confidence.
p1nkfish
12/9/2018
10:21
Nice to see some familiar names getting involved. Just watched the video. Key takes / considerations:

- £19M already committed revenue for 2019 (cf £30M in 2018)
- no increase in staff to achieve 2018 increases
- 30% divi increase for each of next 3 years.

melody9999
12/9/2018
09:22
Link to today's Hardman note:
eagle eye
12/9/2018
09:17
I guess comments from ST at some point will give this another kick on.... not that it needs it. Cracking results...
deltrotter
12/9/2018
08:30
Happy to add this morning.......
santangello
12/9/2018
08:29
Bought in here this morning after these impressive results, seems rather good value.
interceptor2
12/9/2018
08:22
Selling at 58? Crazy! Seems some people don't like money...
dround87
12/9/2018
08:21
Excellent results for holders here :-)
cheshire man
12/9/2018
08:17
Added more, conservative target 78p
hatfullofsky
12/9/2018
07:11
and importantly this is achieved with a conservative approach to writing business and to bad debts as per the recnt RNS 'give credit where it is due' etc
melody9999
12/9/2018
07:08
Great results, will generate some interest now.

30% Organic WOW !

hatfullofsky
12/9/2018
07:07
Any uptick in share price over the past 12 months has been met by keen sellers.
Based on these results, maybe not the case today.
This looks like a typical Jim Salter 'Zulu' stock - high growth with low PER, plus a chart ready to break out.

eagle eye
12/9/2018
07:01
Reads well. About time we saw a return of investor interest.
GLA.

p1nkfish
12/9/2018
06:53
Great results !

The Group has continued to experience robust demand for finance from SMEs and consumers across the expanded range of products it offers. This product range now comprises Asset Finance (finance leasing and hire purchase for 'hard' and 'soft' assets and vehicles broking), Loans, and Commercial (i.e. invoice) Finance.

Financial Highlights

-- Revenue for the year of £30.0m (2017: £16.9m), an increase of 78%, organic growth was 31%
-- Profit before tax for the year of £7.9m (2017: £4.1m), an increase of 93%
-- Basic earnings per share of 7.57 pence (2017: 6.09 pence), up 24%
-- Dividend proposed of 0.65 pence per share (2017: 0.50 pence per share), up 30%
-- Consolidated net assets 31 May 2018 of £48.1m (2016: £28.5m), an increase of 69%
-- Return on capital increased to 13.3% (2017: 11.5%)

At 31 May 2018, the Group's combined gross lending portfolio amounted to £142.1m (2017: £89.5m), an increase of 59% principally relating to the addition of the Commercial Finance division early in the year. Portfolio write-offs, net of recoveries of previously written off receivables, amounted to £1.5m, representing approximately 1.2% of the year-end net portfolio (2017: £0.9m, also representing 1.2%). Conservative impairment provisions carried in the balance sheet at 31 May 2018 amounted to 1.5% of the net portfolio (2017: 1.3%).

Outlook

After a very successful year the challenge for the new year is to build on that success and deliver further growth. We are fortunate in having an excellent management team and the support of colleagues at every level who have the vision and determination to meet this challenge. The demand for the wide range of our financial products remains strong and although it is early in the new financial year the Board is encouraged by the level of demand experienced thus far. With new and larger wholesale funding facilities agreed during the year the Group is well placed to meet its growth expectations for the foreseeable future. This has been a year of significant progress and the foundations have been laid for further growth in the current financial year. The Board is optimistic of continuing to increase value and returns for its shareholders.

masurenguy
12/9/2018
06:48
1pm (OPM) Full year results September 2018

1pm CEO Ian Smith and CFO James Roberts talk about the Group’s full year results to the 31st May 2018.

A great set of results. Ian and James talk through how they've achieved them.



Introduction – 00:21
Trading conditions – 01:40
Financial highlights – 03:13
Strategy – 05:50
New business – 06:57
Continuing performance – 09:38
Continued expansion – 11:21
Outlook – 12:19

tomps2
12/9/2018
06:43
Congratulations to everyone at OPM for an excellent set of results.
With a share price of 55p, the EPS of 7.6p equates to an historic PER of x 7.3.
Revenue visibility of £19m for 2019 underpins current year forecast.
I'd expect a PER re-rating over the coming months.

eagle eye
12/9/2018
06:11
Results webcast -
owenski
07/9/2018
08:10
Thanks for that speed, very interesting and well worth listening to.
owenski
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