1pm Share Discussion Threads

[nurdin] 30/11/2017 18:35

Well GHF I do bother about short term movements..they are normally a precursor to the share price direction either way.Allows one to take a better judged position.For me this is trigger to add.

[glasshalfull] 30/11/2017 17:22

Good to see you Mas.

Nurdin - I don’t bother much re. short term noise but nonetheless pleasing to observe it come off lows. Think fair valuation is c.70p at the moment as previously discussed on the thread.

From memory, Hardman had a 117p valuation based on 2019 figures.

Kind regards
GHF

[nurdin] 30/11/2017 16:32

Nice close...:o)

[masurenguy] 30/11/2017 13:47

There seems to be some upward momentum developing here so I made a top up @44.7p this morning.

[nurdin] 30/11/2017 09:28

Bouncing from the lows nicely.Glad I added at 42pish

[speedsgh] 23/11/2017 15:53

Interim Results are only a couple of months away (19 Jan last year). With xmas in the meantime, they'll be upon us before you know it.

[nurdin] 23/11/2017 15:15

Thanks for your thoughts GHF.The chart tells a lot about the sentiment here.That is the only thing that has stopped me from going overboard with my investment.But as you say ,sentiment should change if they keep delivering.

As I mentioned above the company is trading in line with current years forecasts and we might see an RNS to that effect in the near future,although not guaranteed.

[glasshalfull] 22/11/2017 21:02

Couldn’t agree more nurdin. The market doesn’t appear to share our collective thoughts...at the moment.

FY 2017 results came in slightly ahead of Cenkos forecasts & both the outlook statement & recent presentations by the company confirm a positive outlook for FY 2018.

It’s also less than a month since 3x Director BUY’s totalling £150k @ prices between 45.5p & 48p or c.10% higher than todays share price.

If one goes back a little further to the beginning of 2017 the share price was c.60p & trading updates & results post the fundraise have been positive.

Shares are currently down 11% since FY 2017 results were released in September. Market Cap now £37m with Cenkos forecasting £6.33m PBT in the current year & adjusted diluted EPS of 7.1p which equates to a PER of only 6.1 (@43.5p). The shares are also currently (-16%) below FY 2017 NAV, with turnover expected to almost double in the current year to £29.4m.

Sentiment is clearly rock bottom. The summer placing was poorly handled - IMHO - which damaged existing shareholder sentiment & there may be other factors impacting the shares, such as Charles Stanley moving from a holding of 10% to 4.9% & perception that impairments/bad debt provision may rise given the insipid UK economy.

I believe OPM to be well run & disciplined in their approach. They have 16,000 customers & following 2016/17 acquisitions they should have improved economies of scale & increased cross selling opportunities, given the expanded customer base & increasing range of products. Also worthwhile to note they’ll benefit from improved funding costs which reduced to 5.3% in 2017.

I’ve consistently added to my position in the belief that if they continue to deliver then the share price will eventually take care of itself.

Please DYOR.

BLASH!

Kind regards,
GHF

[nurdin] 22/11/2017 15:22

These are looking extremely cheap at the current levels.Trading in line so I understand..which leaves them on a prospective PE of 5.6x and a PEG of 0.46.I have added today

[speedsgh] 27/10/2017 16:06

Nice to see the NEDs dipping into their pockets...

Director/PDMR Shareholding -

Ron Russell bought 200,000 @ 47.4p = £94,800
Julian Telling bought 50,000 @ 45.5p PLUS 25,000 @ 47p = £34,500
John Newman bought 30,000 @ 48p = £14,400

[sharesoc] 23/10/2017 14:45

You can find 1PM's presentation from our recent Manchester seminar in our members area here: It is exclusive to our full members more details on our membership can be found here:

For our future events in Manchester and elsewhere see:

[speedsgh] 18/10/2017 14:39

OPM share price becalmed in spite of yday's ShareSoc presentation. Anyone here attend? Did they impress?

[sharesoc] 16/10/2017 13:42

Last chance to book your place at our Manchester seminar tomorrow where 1pm present:

[sharesoc] 28/9/2017 13:40

There is a detailed report by Cliff Weight on 1pm who attended our London seminar on the 13th September, which can be found in our members area here:

ShareSoc full members can download Stockopedia reports, presentations from all of the companies that presented at this seminar, and this report from Cliff Weight on proceedings from our members area

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[tomps2] 25/9/2017 11:17

Presentation by Ian Smith (CEO) and James Roberts (CFO), at Hardman & Co Investor Forum, 20.9.17.



c.25mins

Ian Smith CEO
Introduction – 00:20
Investor proposition – 00:40
The SME finance market – 3:00
Group overview – 3:58
What 1pm do and examples – 6:07
Spread of credit risk – 8:22
Business origination – 9:20
The competition – 10:19
The strategic plan – 10:58
James Roberts CFO
Financial highlights – 12:11
Revenue – 13:38
Profit before tax – 14:26
Net interest margin & EPS – 14:46
Portfolio analysis – 15:21
Funding – 15:58
Ian Smith CEO
Summary & outlook – 17:25

Q&A
High payment for acquisitions? & dividend – 18:47
LTIP – 20:01
Placings – 21:05
Funding sources & risk- 23:27

[nurdin] 25/9/2017 08:47

Thanks for that thought Martin.I have taken only a small punt.Another dark cloud on the horizon is the likely interest rate hike which isnt good for small businesses.But hopefully the company has catered for that.

[shanklin] 25/9/2017 08:37

nurdin

OPM may be a good investment going forward. However, if you look at the history of placings at steadily lower prices and the general disinterest in looking after shareholders over a period of several years, from the current management, I think one needs to be very careful here. I used to be heavily invested in OPM but it would take a considerable period of delivery for shareholders, as opposed to delivery for management, for me to consider re-investing.

Best wishes, Martin

[speedsgh] 25/9/2017 08:36

Would appear to still be a large seller about offloading into the increased demand caused by the Midas article. Once the tap has finally been turned off, the share price ought to find a more natural valuation.

[nurdin] 25/9/2017 08:32

Had a few.Waited for the tip spike to subside before buying..surprised the price hasnt rocketed on that tip

[owenski] 24/9/2017 09:51

Thanks Speed, a fair overview.

[speedsgh] 24/9/2017 09:17

MIDAS SHARE TIPS: As banks retreat the time is ripe for alternative lender 1pm -

[mount teide] 17/9/2017 16:49

Both very different kinds of stock - indeed!

One has a six-year 45% CAGR on a very attractive p/e of 12 and pays a 4.5% dividend yield. And in just three years since IPO has paid out US$44m in dividends, some 80% of the funds raised at IPO, while delivering 116% capital growth. It has no debt and is generating cash so fast it still has $43m on deposit, despite paying for acquisitions each year largely in cash.

The other has paid out circa $1.3m in dividends while generating a 35% capital loss during the same period.

The fun of this investing game is that it doesn't always take a PhD in Applied Mathematics to work out which one is behaving more like a Zulu type stock as far as the returns generated for shareholders!

AIMHO/DYOR

[cg8riverside] 15/9/2017 19:59

XLM Presentation notes now on that thread for those interested or looking to learn more about the company. Quiet on ere innit... Not necessarily a bad thing though!1pm rerate in the post.

[cg8riverside] 14/9/2017 11:08

Oh and get your money in XLM. it's about to take off this Autumn. Attended the presentation on Tuesday for private investors and all I'll say for now is 143p represents a great entry point considering what's to come. Will expand more in due course on XLM thread. 200p will be just for starters. Genuine poster/investor check my history.