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
  -1.10 -3.96% 26.65 289,195 12:36:24
Bid Price Offer Price High Price Low Price Open Price
26.50 26.80 27.75 26.65 27.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 30.01 7.85 7.57 3.5 23.0
Last Trade Time Trade Type Trade Size Trade Price Currency
15:45:19 O 10,000 26.79 GBX

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Date Time Title Posts
16/7/201910:341PM With Volume - Recovery to 0.25p ?1,209
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 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 27.75p.
1pm Plc has a 4 week average price of 26.50p and a 12 week average price of 26.50p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 26.50p.
There are currently 87,596,428 shares in issue and the average daily traded volume is 472,752 shares. The market capitalisation of 1pm Plc is £23,344,448.06.
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.
santangello: I am even more confident in reading next week's statement (and buyers coming in now are too methinks)To release that RNS yesterday gives me every reason to believe it wasn't going to be released with the T/u for 2 reasons.1) Not being used to even out any negative news on the day.2) Allows the company to fire out separate statements of good news to further give confidence to investors, reading them a week apart.3) Allows investors to buy/add into momentum in the share price.Only my theory, and I've seen other companies do it to great effect.We shall see.Nice 50k buy gone through.
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.
markyjacob123: Agreed!! Share price is one step forward, two back!
hyperboreus: Revist by Simon Thompson caused the 'upward spike' Headline: '1pm unloved, and underrated' Conclusion: 'The point is that the quality of 1pm’s earnings and its ability to earn a 13 per cent post-tax return on equity is not being reflected in a share price that is trading on a miserly six times full-year earnings per share. The pullback since the annual results is a clear buying opportunity in my view. Buy.'
santangello: As with all my holdings, I research the company and not the share price.I added again today.....
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
davidosh: Well awards do not generally deliver profits and unless voted on by customers that want to increase the amount of business with you then you could argue they cost you money.....I do hope they did not travel to Talinn to receive it. Forget the awards.....change the broker that did that awful fundraise last year where all the instos that took part flipped their stock and left us in this mess ! OPM should be at #MelloLondon next week doing a presentation to all the retail investors who actually care and have been involved long term and announcing a new broker.....that would lift the share price !
glasshalfull: Couldn’t agree more nurdin. The market doesn’t appear to share our collective 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
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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