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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 |
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0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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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 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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