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 Shares Traded Last Trade
  0.00 0.0% 16.625 41,549 08:00:00
Bid Price Offer Price High Price Low Price Open Price
16.50 16.75 16.625 16.625 16.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 31.81 7.88 7.30 2.3 15
Last Trade Time Trade Type Trade Size Trade Price Currency
14:54:32 O 9,000 16.50 GBX

1pm (OPM) Latest News

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1pm Takeover Rumours

1pm (OPM) Discussions and Chat

1pm Forums and Chat

Date Time Title Posts
17/9/202009:241PM With Volume - Recovery to 0.25p ?1,332
08/11/201613:12ShareSoc Supper in Richmond (London)-
07/10/201617:30Ian Smith will be presenting (1PM) & Paul Scott-
19/8/201311:05New proven management begin recovery at 1pm36
19/6/201314:32OPM - On the up1,238

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1pm (OPM) Top Chat Posts

1pm Daily Update: 1pm Plc is listed in the General Financial sector of the London Stock Exchange with ticker OPM. The last closing price for 1pm was 16.63p.
1pm Plc has a 4 week average price of 16.63p and a 12 week average price of 16.50p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 12.50p.
There are currently 90,374,204 shares in issue and the average daily traded volume is 96,791 shares. The market capitalisation of 1pm Plc is £15,024,711.42.
acton road: I am a shareholder in 1pm and indeed other companies in the sector both listed and private.It is of no benefit to me to see the share price fall. There is no intention to cause alarm but I have genuine concerns in that the increase in provisions and the deterioration in the performance of the business reflects an underlying problem. I’m sure everyone has an opinion,as I have ,and if it provokes some debate then that is fine by me.
acton road: 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.
acton road: Share price seems to be on the up I don’t like the fact that it looks like according to note 30 on the accounts the 90 day + arrears have gone through the roof which is a sure indicator of bad debt to come.
davidosh: Not sure what is going to change the mood and lead a recovery in the share price other than the obvious bid potential here. Now a square share on a p/e of four and yield at 4% and at a share price well below half of the book value. This is getting quite ridiculous.
kramch: I have a forecast of £8.2M pbt for May 2020, 6.6p eps. At 27p 1PM has a market cap of £23M, (BV £48M) a p/e of 4! The June trading statement was, I thought, positive, but emphasising they needed to consolidate the recent acquisitions into a single brand. Some people seem to have read this as a profit warning. They have a good track record, tripling turnover since 2010 and make a healthy margin. They are cautious about the economy (and now we have Captain BoJo on the bridge!) but we risk having the company stolen unless they can get the share price back to a rational level.
davidosh: What are the updated earnings forecasts as the eps and dividend will now be significant compared to the share price having lost 50% in the last month? I fully expect a bid to come in but not sure how it will be acceptable if less than 120% premium to today.
davidosh: I would expect a trading update at any point in the next couple of weeks and good news generally travels fastest so hopefully early next week. I do not think shareholders will be happy until we see the share price well north of 60p and it looks like the recent earn out suggests we will get there as all the sellers from the placing a year ago are apparently out so good news now should be bought as opposed to being sold into... I picked this information from a blog that pretty much sums up my thoughts too.... OnePM – Earnout Share Price 41p Mkt Cap £36m Conflict disclosure: I Hold Statement – The invoice finance business “Positive Cashflow” has achieved its earnout targets a year ahead of schedule. In 2016 this invoice finance business made profits of £1.1m and the earnout was based on PBT growth targets. The payment of the earnout results in the issue of 2.5m shares at 60p according to the acquisition announcement in 2017. Estimates – Forecasts look for a 9.3% revenue growth over the year to May 19 and 13% PBT growth to £8.6m which is EPS of 6.8p. Given Positive Cashflow is a year ahead one imagines the pressure on forecasts is on the upside. Valuation – PER is 6X the year just ended and a yield of 2.2%. ROE is 13.9% and Price/NAV is 0.8 although price/NTAV is 1.8X Conclusion – Sometimes a stock gets so cheap no one wants to own it. The market has decided that the money on acquisitions of 2-3 years ago was all wasted. This announcement suggests it wasn’t. Perhaps it will be bid for but I suspect patient investors will get rewarded.
davidosh: The Company was informed on 6 February 2019 that as at 30 November 2018, Michael Francis Nolan's interest in ordinary shares in the Company fell below 3 per cent. of the Company's issued share capital. How come it takes ten weeks to notify ?....rather poor for an ex director. Now we know why the share price was weak during October and November. Equally strange is the fact that this was a successfully integrated and very profitable acquisition and done with the share price at 67p nearly four years ago but still the share price flounders at this sub 50p level with eps having doubled and more in that time.
glasshalfull: OPM Good evening folks, I rarely post on ADVFN these days but looked in following the OPM shareprice hitting year lows today. That’s the shareprice down (-30%) in just over 2 months despite the reassuring AGM statement 3-weeks ago! A delayed trade of 402k shares @38p appears responsible for today’s decline with much of the stock turned round as buyers emerged @42.5 - 43p to mop up much of it. However, the company don’t appear able to attract much in the way of institutional support, even though they are forecast to deliver 6.8p EPS in the current year & 7.7p next year. That’s a fairly derisory rating of PER 6.3 & 5.6 respectively after pencilling in 13% earnings growth. While I’m here, courtesy to update that I enjoyed a meeting with the company in early November. Flagged a v brief update on Twitter at the time (link below). HTTPS:// The AGM statement didn’t mention provisioning so I clarified the current position. The company confirmed there had been NO change to their low level of impairment provision, emphasising that their approach had been validated through the application of IFRS 9 which highlighted a negligible impact and confirmed their cautious approach to provisioning. I also confirmed the wording of the AGM statement & use of the phrase, “in aggregate” following a few emails I’d received that questioned whether this meant if some Divisions were performing better than others & therefore if this alluded to weakness elsewhere across some of the divisions. (See extract below) "Trading for the first four months of the current financial year shows further growth compared with the same period last year, with new business origination, revenue and profits all in line with the Board's expectations for each of the Group's operating divisions and, in aggregate, in line with market expectations. In explanation, the company said they didn’t realise that this may be misinterpreted & confirmed ALL Divisions were performing per expectation & thus no other inference should be derived from this phraseology. The AGM statement also confirmed, "The continuing robust levels of demand experienced across the Group reflect the Board's strategy of being a multi-product provider of finance to UK SMEs (asset, vehicle, loan and invoice finance) and the effective, flexible business model of acting as both a funder and a broker. "With early indications that the Group's strong trading has been maintained in October, the Board is optimistic of reporting further progress for the first half of the current financial year. The interim results and a proposed interim dividend will be announced in mid-January 2019." Again, they confirmed that they were experiencing strong trading as per the statement & surprised at the value the market were attributing to the business...& this was when the share price was 10% higher than today’s!!! As Davidosh mentions, the placing undertaken with institutions was deeply damaging. Cenkos failed to bring on-board institions with a long-term view. As far as I understand, most that came on-board in the placing have now departed & appear simply to have flipped the stock for short-term gain than helping OPM build for the future. This episode damaged investor sentiment considerably in the process & this has left a cloud over the shares for the last 18 months. In conclusion, the acquisitions have bedded in well & the company have released a series of positive updates throughout 2018; delivered organic growth throughout the business; established a progressive dividend policy; mitigated risk through lending & broking. But current macro conditions aren’t helping the shareprice (nor stock being dumped @38p). Also the anticipation that M Nolan will be selling his holding down may also be acting as an overhang. I would contend though that if /when he is looking to sell it would be most certainly executed off-market rather than the perception of many PI’s that it could be drip-sold onto the market. Ultimately I think that OPM are a sitting duck at the current price. Consider for a moment the prospect of say a challenger bank looking to acquire a specialist finance provider. OPM now have £145m lending book & decent track record across each of their operating divisions. They are also marooned on a distressed rating. Any such acquirer could remove PLC costs & exploit synergistic benefits (remove further duplicate costs). Any such acquirer could also improve margins through lowering OPM’s current cost of borrowing through access to cheaper funds through its own retail deposits. Just a thought 🤔 Kind regards, GHF
speedsgh: OPM share price becalmed in spite of yday's ShareSoc presentation. Anyone here attend? Did they impress?
1pm share price data is direct from the London Stock Exchange
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