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OPM 1pm Plc

24.00
0.00 (0.00%)
18 Nov 2024 - Closed
Delayed by 15 minutes
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 0.00% 24.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
23.50 24.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 24.00 GBX

1pm (OPM) Latest News

Real-Time news about 1pm Plc (London Stock Exchange): 0 recent articles

1pm (OPM) Discussions and Chat

1pm Forums and Chat

Date Time Title Posts
06/1/202108:031PM With Volume - Recovery to 0.25p ?1,364
08/11/201613:12ShareSoc Supper in Richmond (London)-
07/10/201616:30Ian Smith will be presenting (1PM) & Paul Scott-
19/8/201310:05New proven management begin recovery at 1pm36
19/6/201313:32OPM - On the up1,238

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1pm (OPM) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

1pm (OPM) Top Chat Posts

Top Posts
Posted at 07/12/2020 17:31 by speedsgh
Red Ninja - AFAIUI all of the options are at nil cost i.e. they won't cost the beneficiary a penny.

They will be entitled to 30% of the 4,756,537 nil-cost options (i.e. 1,426,961 options) in three equal annual tranches on 1/10/21, 1/10/22 & 1/10/23 subject to the recipients' continued employment with the Group on those respective dates regardless of the company's share price on those dates. In other words there is no performance hurdle; the share price could be 0.1p on those dates but they would still be entitled to 30% of the options.

The other 70% vest when the share price meets or exceeds 31p. There is no mention of timing here so not sure if this ties in with the dates for the 3 tranches above (1/10/21, 1/10/22 & 1/10/23) or whether the 70% can be exercised at any point once the share price has met or exceeded 31p regardless of subsequent share price performance. But again these 70% are nil cost and will not cost the beneficiary a penny.

That's the way I see it anyway. Happy to be corrected but seems like they will have to do very little to benefit from a nice little options package "representing up to 5.0 per cent. of the current fully diluted share capital of the Company".
Posted at 07/12/2020 16:21 by red ninja
Yes I agree, I mean I am sure they get reasonable pay.
It is daylight robbery.

I am a bit confused by the RNS is says 5% nil cost but then has :-

"· 30 per cent. of Share Options awarded to each recipient vest in three equal annual tranches on 1 October 2021, 1 October 2022 and 1 October 2023 subject to the recipients' continued employment with the Group on those respective dates.

· 70 per cent. of Share Options awarded to each recipient vest at a quoted share price of 31 pence per share, which represents a market capitalisation equal to the unaudited consolidated Tangible Net Asset Value of the Group as at 31 August 2020."
"

I presume that means they get 30% at no cost and 70% they pay 31p for ?

31p is a bombed price though.
Posted at 07/12/2020 15:54 by smithie6
example May 2017

"new Ordinary Shares at the Issue Price of 45 pence per share. "

2015
"New Ordinary Shares at 60 pence per share"

imo it is immoral & wrong to give any reward to directors unless they can show that those investors have made a profit

if the performance target is a lower price then the directors are being rewarded for bad performance, being rewarded for shareholders/investors putting up hard cash & making a loss.

rubs salt in the wound imo
Posted at 07/12/2020 12:52 by speedsgh
Such an inspirational new name. I wonder how much they paid an agency to come up with that?!

Change of Name to Time Finance plc -

1pm plc, the AIM listed independent specialist finance provider to UK SME businesses is pleased to announce that the Company's name is changing to Time Finance plc with immediate effect. All subsidiary businesses within the 1pm Group will hereafter form part of the Time Finance brand. A resolution giving the Directors authority to change the Company's name was approved by shareholders at the Company's AGM held on 6 November 2019. The change of Company name has been formally registered at Companies House and a new certificate issued.

With effect from Tuesday 8 December 2020, trading in the Company's ordinary shares on AIM will commence under the new name and the new ticker will be TIME. The Company's ISIN (GB00BCDBXK43) and SEDOL remain unchanged. Shareholders should note that their shareholdings will be unaffected by the change of name and existing share certificates should be retained as no new share certificates will be issued. The Company's website will change to www.timefinance.com with effect from 8.00am today and all information pursuant to AIM Rule 26 will be available at this address.

The rebranding follows the recent completion of the "buy and build" phase of the Group's strategic expansion which has resulted in it being able to offer a comprehensive portfolio of financing solutions tailored for the UK SME market through its enhanced lending and broking operations. The Company is now simplifying its operating structure into a single nationally recognised, market-facing product offering under the new name.

Ian Smith, Chief Executive Officer, commented:

"The underlying strength of our market position, product offering, business model and robust operating structures have proven resilient, relevant and effective during the continuing economic and trading challenges presented by the Covid-19 pandemic. The rebranding of the business is designed to further consolidate and strengthen our offering, integrating and unifying 1pm (UK) Ltd, trading as Onepm Finance, Academy Leasing; Bradgate Business Finance; Intelligent Loans; Positive Cashflow Finance and Gener8 Finance under one consistent brand name and identity to deliver a more comprehensive solution to UK SME businesses."
Posted at 26/11/2020 18:44 by red ninja
In reality the management get a share option scheme with less risk than buying in the market :-


"The Company has established the Scheme as an unapproved (i.e. non tax-advantaged) share option scheme under which up to 4,756,537 nil-cost options over ordinary shares of 10 pence each in the capital of the Company ("ShareOptions") may be awarded in respect of shares representing up to 5.0 per cent. of the current fully diluted share capital of the Company.

The vesting of Share Options is subject to service-based and market-based conditions, as follows:

· 30 per cent. of Share Options awarded to each recipient vest in three equal annual tranches on 1 October 2021, 1 October 2022 and 1 October 2023 subject to the recipients' continued employment with the Group on those respective dates.

· 70 per cent. of Share Options awarded to each recipient vest at a quoted share price of 31 pence per share, which represents a market capitalisation equal to the unaudited consolidated Tangible Net Asset Value of the Group as at 31 August 2020."
Posted at 26/11/2020 10:38 by sphere25
Director buys:

John Newman Non-Executive Chairman 25,000 22.35 152,166 0.17%
Chief Executive
Ian Smith Officer 54,000 23.25 181,667 0.20%
Chief Financial
James Roberts Officer 22,933 21.75 61,702 0.07%

Hardly a bullish signal, even I buy more than that and I'm a small fish. Come on, pull your fingers out and send the market a real signal :-)

Price about to test that key resistance. Some bigger buying here of late and a nice 30% move from when highlighted, but will exit if it fails here. Purely a chart play this one, can't moan too much with moves like that.

All imo

DYOR
Posted at 24/11/2020 08:58 by sphere25
Yeah looks like those big buys are helping it to wind up for an attempted break higher with the price currently up nearly 5%.

Looks like 25p and possibly 28p if it pushes on from here - likely call it a day up there as I don't know the company. Purely a chart play this but willing to give it a chance particularly after having regretted some of the earlier sells on the first vaccine news spikes.

Clearly alot more positivity on the vaccine front now. Prices are just motoring higher and some of the laggards are yet to play catch up. Many out there are technically overbought so wouldn't be surprised to see them come off abit at some point.

On the whole, this market has the feel of one where you can literally buy, turn off your screen and come back at year end, and you'll do better than watching the daily gyrations and trying to be too cute with some in nipping in and out

Guilty! :-D
Posted at 12/11/2020 12:07 by sphere25
Moving well atm with the price now up 11% now. Purely a chart play this like DUKE was.

Last time it consolidated around 20 (same key mark for DUKE - market psychology with particular numbers eh) before having another leg higher, not sure how it moves this time. Hopefully one more big spike up soon to sell into.

Been taking profits too early on many. Buy and hold is clearly working best, find the beaten up ones that haven't rallied yet and wait for the tide to lift them like the rest.

Still quite a few loitering at lows being held back by the odd seller, which have priced in absolutely no recovery or very little. Try and highlight when something notable happens.
Posted at 22/9/2020 09:40 by red ninja
IMO reasonable result, but also largely in line with trading update :-

"Financial highlights:

-- Revenue for the year of GBP29.2 million (FY 2019: GBP31.8 million), of which 80 per cent. is from lending activities and 20 per cent. from broking activities. The year-on-year decrease in revenue is wholly attributable to the Covid-19 affected fourth quarter of the financial year.

-- Profit before tax and exceptional items for the year of GBP3.0 million (FY 2019: GBP8.1 million), stated after a 'one-off' increase in the bad debt provision of GBP2.1 million recorded in the fourth quarter of the financial year to mitigate any potential bad debts that may arise in the future from the impact of Covid-19.

-- A similar level of net portfolio write-offs to the prior year, representing under 1.0% of the gross lending portfolio, but provisions prudently increased to 5.2 per cent., or GBP5.1 million (31 May 2019 1.9 per cent., or GBP2.4 million).

-- Operating expenses of GBP12.8 million (2019: GBP13.3 million), a decrease of 4 per cent.
-- Fully diluted earnings per share of 1.74 pence per share (2019: 6.61 pence per share)
-- Consolidated net assets at 31 May 2020 of GBP55.2 million (31 May 2019: GBP53.8 million) and consolidated net tangible assets of GBP27.0 million (2019: GBP25.9 million).

-- Borrowing facilities as at 31 May 2020 of GBP174 million (31 May 2019: GBP167 million), of which GBP66.1 million drawn at year-end (2019: GBP89.3 million drawn). The continued support from the Group's funding partners through facility renewals and increases, together with the Group becoming an accredited CBILS lender, demonstrates the high regard in which the Group is held by other major financial institutions.

-- Net interest margin and the blended cost of borrowing maintained at approximately 12% and 4% respectively.
-- Good visibility of future revenue already secured with "unearned income" as at 31 May 2020 of over GBP15.2 million (2019: GBP17.6 million)

-- Unaudited cash balances of GBP2.3 million as at 31 August 2020, in addition to a currently unutilised overdraft facility of GBP1.0 million.

The payment of the interim dividend previously due be paid on 12 May 2020 and a decision on the amount and timing of any final dividend for the financial year ended 31 May 2020 were deferred and will continue to be deferred until the Group's financial performance for the first half of the current financial year is known. At that time, an assessment will also be made as to whether the Company is in a position to provi"

In reality the jury is still out on OPM.
Posted at 18/10/2017 14:39 by 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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