1pm Share Discussion Threads

[dround87] 25/6/2019 08:11

Oof! Brutal. Don't suppose many will buy the dip either.

[hatfullofsky] 25/6/2019 08:08

Not sure about that - Only 3 months. I would have preferred a statement on REV growth but PBT flat for FY20

[graham1ty] 25/6/2019 07:34

“Financial year to May 2020 will be one of investment and consolidation”

Weasel words. Means profit warning

[dround87] 25/6/2019 07:23

Yeah that's my opinion. We've gone from massive growth to single figures. That said we're in the bargain bin already so I don't see it dropping.

[hatfullofsky] 25/6/2019 07:21

Sweet and sour and this market does not like sour.

Little growth FY19 / No growth FY20

The PBT v MCAP is fantastic but has been for a year.

Pretty sure we'll take a hit for a couple of months.

[santangello] 25/6/2019 07:04

....and relax.What an RNS to wake up to.

[cheshire man] 21/6/2019 11:48

Well happy to have added down here can't think the expected update will be anything but positive :-)

[santangello] 21/6/2019 11:23

Many thanks dd.....I am with your positivity and that of the post you linked to.I am disappointed not to be able to add even more, but hold more than enough to smile on any (expected) move North in the share price

[davidosh] 20/6/2019 11:32

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.

[hatfullofsky] 20/6/2019 10:18

Joined the party again today @ 42.88

From 29th June

Revenue for the year ended 30 November 2016 was £4.1 million with adjusted profit before tax of £1.1 million. As at 30 November 2016, the company had a loan book of £23 million and receivables of £46 million.

Up to £2.5 million in new ordinary shares at 60 pence per share based on a three year earn-out, conditional on achieving certain financial performance targets.

Trading in a channel 40 - 45 but you all knew that, if we see a break out we could easily add 50%. It is also a significant consolidation target.

[hatfullofsky] 19/6/2019 15:47

Year 1 earn out 22/10/18Year 2 &3 earn out 18/06That's some progress

[santangello] 19/6/2019 11:26

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.

[glawsiain] 18/6/2019 15:44

"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."

from

[cheshire man] 18/6/2019 08:52

Thanks for the reminder SANTANGELLO,,,,,,,,some buys coming in and looks like the chart may be turning up ?? :-)

[santangello] 18/6/2019 08:31

Trading update next week too.......

[cheshire man] 18/6/2019 08:21

Very well run company IMO, have been buying a few more down here

[owenski] 18/6/2019 08:11

Circa 3% dilution for the earn out up to 2020. Sounds reasonable considering the group growth rates.

[santangello] 18/6/2019 07:12

Outstanding achievement to wake up to reading.

Well done to all involved.

[santangello] 14/6/2019 13:17

My buy today showing as sell.

Eagerly awaited Trading Update just over a week away.......

[melody9999] 05/6/2019 11:01

Yep can't help thinking we have solid management team running a good business. More patience required but thats OK with me.

[eagle eye] 05/6/2019 07:17

Today's RNS Non-Regulatory:

1PM PLC Senior Management Appointment

Strengthening of Senior Management team completed with appointment of Head of IT

1pm plc, the AIM listed independent specialty finance provider, is pleased to announce that it has appointed David Jones to head up its group IT, Systems and Innovation function.

David brings extensive knowledge to the Group with a career in IT spanning 30 years, having held a variety of senior IT roles for the past 20 years. Latterly, David spent over a decade as Group IT Director of former AIM listed financial services entity Jelf Group plc. This role saw him develop and oversee the IT infrastructure of a group that grew from 2 sites with some 80 staff to over 35 sites and in excess of 1,000 staff.

This appointment represents the final step in restructuring and strengthening the Group's senior management team during the past two years. The Group's Operating Board now comprises dedicated heads of each of 1pm's central operating functions, comprising HR, Compliance, Risk, Marketing and IT, as well as Heads of the Group's product divisions, namely Asset, Vehicles, Loans and Invoice Finance.

Ian Smith, Chief Executive Officer, commented:

"I am delighted to welcome David to the Group. The IT, Systems and Innovation role is a new, key position that will impact on all aspects of our business. David's previous experience of operating in a rapidly growing 'buy and build' environment will prove invaluable to us.

"David joins our Operating Board which together now has the depth of skills, leadership and experience to help us achieve the next phase of our ambitious growth plans over the next five years through to 2024."

[skara brae] 24/5/2019 10:00

Yes, you're right owenski, thank you. I had it in my head that the next set of numbers were due in September. Anyway, let's see if they are on track. I'm optimistic.

[owenski] 24/5/2019 08:44

TU usually late June

[skara brae] 24/5/2019 07:17

Thank you Santangello, yes any positive sentiment is good for the share as it's a long time to the next set of numbers.