1pm Share Discussion Threads

[tole] 15/1/2020 08:31

I bought in today. Been watching this one for the last few months.

[spooky] 15/1/2020 08:27

There's a shock.

[stevelauren23] 15/1/2020 08:16

They'd let me sell 75k in one go.

[spooky] 15/1/2020 08:15

MM won't let me buy any ATM.

[stevelauren23] 15/1/2020 07:10

Decent enough results really, nothing out of the ordinary. Kept the progressive dividend, and decent profit if this us the year of consolidation.

[stevelauren23] 14/1/2020 14:07

Hopefully today is the calm before the good storm tomorrow 🤞🏻😂

[wanttowin] 09/1/2020 14:44

I've been underwater here for ages, tis nice to see some interest..

[stevelauren23] 09/1/2020 09:45

That's how I'll be reading them, as long as they are decent then I'll be happy knowing the fundamentals have improved.

We should be getting them next Wednesday anyway, so not long to wait.

[acton road] 09/1/2020 08:52

Fair point Steve
Probably better to look at GP which in Nov 18 was £10.7m or about 67% of turnover.
As long as bad debt hasn’t gone up and the provisions % remains the same then a recovery looks on the cards

[stevelauren23] 08/1/2020 21:30

For me it depends how much they have spent on extraordinary costs, if they make quite a bit less but have a big chunk in costs that won't be required next year then I'll be happy.

[acton road] 08/1/2020 21:04

Recent share price hike suggests good news on the half year figures.
Last year PBT was £3.9 m so more of the same would be acceptable.
I would be happy with even £3.5m given the period of consolidation announced by the CEO in the last accounts.Anything significantly below that figure and I would be wondering if there was a fundamental problem with the business.

[the oak tree] 07/1/2020 22:04

Thanks for the youtube, very interesting. Im a current holder (sitting on a loss).

[stevelauren23] 07/1/2020 14:37

He pretty much sums up everything we all think. Definitely worth a listen to.

[speedsgh] 07/1/2020 14:27

Includes brief mention of OPM from 15m36s...

Top AIM stocks to watch in 2020 (published 20/12/19) -

Chris Boxall, co-founder of specialist investment manager Fundamental Asset Management, considers the performance of AIM in 2019 and offers his thoughts for the coming year

Will AIM’s growth stocks continue to deliver in 2020 or could there be bigger returns to be made from recovery candidates?

Chris discusses several companies which made the headlines in 2019 as well as others who are struggling to attract investor’s attention. Could the laggards of 2019 be the stars of 2020?

[cheshire man] 02/1/2020 09:44

2 weeks to news and I'm remaining optimistic as you say Acton road time will tell :-)

[cheshire man] 02/1/2020 09:44

2 weeks to news and I'm remaining optimistic as you say Acton road time will tell :-)

[acton road] 20/12/2019 11:31

Thanks for the info Steve
I’m just a bit wary of the sector at the moment and the increasing bad debt within.
I also find it curious as to why the company chooses to borrow up to £25m at a rate of 7% when there is plenty of headroom at a blended cost of 3.9% according to the accounts.
Time will tell I suppose

[stevelauren23] 20/12/2019 10:02

I emailed the company and they said they weren't doing the trading update because they've got nothing different to expectations to announce. They also said they will be recommending an interim dividend as per the progressive policy they announced previously.

[acton road] 20/12/2019 09:41

Good to see the dividend in the bank.

It is,however,a bit disturbing not to see a trading update but as long as the half year figures in Jan show trading in line with the revised figures I will be happy.

From memory the full year pbt expectations will be around £7m so if we get £3.5m it means the management strategy must be working

[dround87] 13/12/2019 21:43

Hi all. Looking in here again. I'll catch myself up over the weekend. Very happy with election result. Should create some breathing room. Hopefully we'll be seeing some developments with the company strategy in the next year as some of this uncertainty begins to lift. As I remember the company announced a period of consolidation when I sold around the time the IC sell tip was published. Any interesting news on that front?

[cheshire man] 13/12/2019 12:15

Quite a bit of interest here today and up over 5% I see

[acton road] 10/12/2019 22:30

It’s not a guess at all.
I invested in the last loan note with 1pm and have also invested in similar schemes for asset finance companies which were arranged by LGB.
1pm was at 7% and others were a bit higher

[stevelauren23] 09/12/2019 21:45

It's not a trading update in January, it's the half yearly results.

What makes you think the rate would be around 7% or is it just a complete guess?

[acton road] 09/12/2019 21:19

I would have thought that a trading update would be expected in Jan so we need to be patient

The loan note was,on the surface, good news but I guess the rate would be around 7% and it begs the question as to why a company who according to the CEOs comments has a blended borrowing cost of 3.9% needs to borrow at such a high rate.

I hope there is no correlation between escalating bad debt and the need to raise cash at higher than normal market rates

I have been a seller over the past few months and whilst I may be wrong I just get the feeling that something isn’t quite right

I hope I’m wrong