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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 0.0% 24.00 23.50 24.50 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 29.2 2.0 1.8 13.6 22

1pm Share Discussion Threads

Showing 2926 to 2948 of 3000 messages
Chat Pages: 120  119  118  117  116  115  114  113  112  111  110  109  Older
DateSubjectAuthorDiscuss
18/5/2020
16:02
UEX does look messy, what with Honeycomb pulling out of the sale deal. Perhaps Wellesley now trying another route to get what he wants.
typo56
18/5/2020
15:45
As per Typo56 #1309: cloverleaf is also involved in UEX.
If you look at the reporting on UEX, the UEX company stated that Wellesley wished to acquired the company UEX, however there was no proof of fund, no defined timeline and this was viewed as speculative by UEX (see regulatory notice on the 24th april).

It caused UEX price to jump, with some punters assuming same takeover price as pre covid 19 (some people are really dreaming...). Since that initial notice, no further news on the "speculative approach". because, well it was speculative and it was defined as an approach, not a bid.

they also have a tainted history on peer to peer / minibonds. performance was not great

yieldsearch
18/5/2020
15:33
Is it a buy then?
stevelauren23
18/5/2020
15:30
hTTps://beta.companieshouse.gov.uk/company/12209082

WELLESLEY, Garret Graham, The Rt Hon Viscount Dangan

typo56
18/5/2020
15:20
seems to be a subsidiary of Wellesley Group Investors Limited, hxxps://www.wellesley.co.uk/
is that the peer to peer???

yieldsearch
18/5/2020
15:14
What do we know about Cloverleaf? Their only other significant holding appears to be UEX (13.22%).
typo56
18/5/2020
15:11
Cloverleaf 374 Limited bought 19.99%.

Who from? Lombard Odier?

typo56
18/5/2020
09:56
I think it's someone who has been collecting shares for a while and now they have finished buying so it has been announced to the market.

In a few days I expect we'll get an announcement about who it is.

stevelauren23
18/5/2020
09:51
yes regulatory notice should be issued. one should be anyway re notification of major holdings.
noone know if here is a placing, but the 19.99% you calculated above is implied that.
stevelauren23 makes good point that a placing wouldnt make sense now.

let wait for this regulatory notice!

yieldsearch
18/5/2020
09:37
"agreed to provide funding for the CBILS with a equity stake" means a placing does it not? Surely they'd have had to RNS that? £3.5m (after costs) isn't going to provide much funding either.
typo56
18/5/2020
09:06
my guess is that it is related to CBILS. OPM has the platform to originate, the cbils origination is in effect 80% guaranteed by HM govt. Someone must have realised this opportunity and agreed to provide funding for the CBILS with a equity stake.
the above is not substantiated by anything, but logical. just cant wait for the next regulatory notice

yieldsearch
18/5/2020
08:43
There's been no placing, and I highly doubt they would have one at these levels when there are cheap ways of borrowing from the government of they need it for running costs.
stevelauren23
18/5/2020
08:28
Actually, it's 19.9999% of the voting rights. Who would have that number of shares, apart from Lombard Odier?

There hasn't been a placing, has there? I can't see any RNS to that effect. It's just 19.99% seems a popular figure for placings at the moment, presumably because they can get them away under existing authorities and without pre-emption rights kicking in.

typo56
18/5/2020
07:39
I saw that as well, if that's not a sign of confidence I don't know what is.
stevelauren23
18/5/2020
07:19
What was that trade about after close on Friday? 20% of the company at 21p.
typo56
15/5/2020
08:34
CBILS
"The Group is in the process of determining the amount of funding it expects to be able to deploy for CBILS related lending and the Board is confident that becoming an accredited lender, subject to the allocation and availability of suitable funding, will have the potential to make a significant impact on the number of new lending agreement."

yieldsearch
05/5/2020
06:15
May 05 Covid update -

"In common with most businesses operating in the non-bank, specialist lending sector, 1pm has seen a number of existing borrowers requesting payment delays, holidays, or similar forbearance as they adjust to substantial losses of revenue. The Group has to date received forbearance requests from approximately 25 per cent of its borrowers, representing approximately 15 per cent of the Group's portfolio by value.



As previously announced and consistent with the Company's standard approach, 1pm has dealt with these in-bound requests from borrowers on a case-by-case basis in agreeing to provide appropriate support.



1pm will continue to support credit-worthy customers and businesses so that they can resume normal trading at a future date. It is impossible to predict with any accuracy what the coming months will hold for the UK's economy and, therefore, as a responsible finance provider, the Group will continue to be prudent and in so doing will make additional impairment provisions in the current financial year ending on 31 May 2020."

owenski
27/4/2020
19:39
You're probably right owenski, I just hope they have the balance sheet strength to survive.
arthur_lame_stocks
27/4/2020
17:47
A car crash of a business in the current climate imo
owenski
24/4/2020
14:46
A little bit of PR. Gener8 Finance is a subsidiary of 1pm...

HTTPS://www.business-money.com/announcements/gener8-provide-200k-finance-facility-to-firm-supporting-the-nhs-during-covid-19/

speedsgh
03/4/2020
09:34
They have no choice but to remain open, they are a money lender and everyone else has their money.

I'd also read the 'support' bit as - mounting inability to pay so they're trying to re-negotiate this so as to recoup what they can even if the term times are suspended or pushed out.

Car crash coming.

owenski
03/4/2020
09:21
1PM REMAINING OPEN TO SUPPORT BUSINESS

2 Apr 2020 South West Business Marco Ferrari


1pm remaining open to support business
Finance provider 1pm has said it will remain open and support British business through the coronavirus pandemic.

With UK SMEs facing a cashflow crisis, the finance house will continue funding companies through difficult times.

The group has put in place remote working capabilities to ensure it continues its operations.

"As we move through these difficult and unprecedented times, our mission remains the same: to deliver financial solutions to British businesses that make a difference and inspire confidence," said Ed Rimmer, chief operating officer.

"We understand the challenges SMEs are currently facing and we continue to look at supporting SMEs on a personal, case-by-case basis, enabling us to deliver the right funding solution at the right time.

"We are doing everything we can to support our existing clients as they navigate through the challenges they face as a result of COVID-19 ensuring that their funding solution continues uninterrupted.

"We recognise that every business is unique, which is why our expert teams are working closely with each business to identify and tailor what support is needed to ensure they continue to have the cash flow to trade in these tough business conditions."

James Roberts, chief financial officer, added: "Our long-standing relationships with our funding partners mean they are unanimously supportive of our group and our commitment to ensuring our funding solutions reach those who need it.

"We have substantial funding facilities now in place across all of our divisions which will help us deliver this support."

cheshire man
30/3/2020
10:40
Was going to say they're likely to suspend the divi - then I notice that they already have.
owenski
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