1pm Share Discussion Threads

[jamielein] 08/8/2014 12:17

I also topped up a few. I'm hoping the fall is due to the general market rather than anything company-specific.

[shanklin] 08/8/2014 12:00

Can't get currently an online quote to buy 5k shares. Added a few at 66p.

[davidosh] 22/6/2014 21:22

If you want to learn more about this sector and one of the other companies in it then this event is worthwhile attending...

hxxp://www.sharesoc.org/seminarjune2014.html

[cfro] 20/6/2014 13:18

Shame the shares have remained weak since the strong update last week. Investors seem to have forgotten all about that imo.

Looking at the chart there is a tendency for the shares to spike and then pull-back, so nothing out of the ordinary here. And infact the shares are comfortably in a firm uptrend hovering above all three important moving averages:

[cfro] 13/6/2014 10:39

Yes, i misread your post shanklin. I thought you meant 5p for the 2013-14 financial year.

But im still sticking to my 3.5p estimate. They did after all do eps of 1.63p for the first half and arguably the loan book gearing is now kicking in.

5p eps for next year looks very reasonable target imo.

[frenchfry] 13/6/2014 10:05

Horndean, no offence but you sound like that woman who used to be on "Up Pompeii" with Frankie Howard - "whoa, Whoa!"
We appear to be at the early stages of an economic upturn, the level and duration of which obviously cannot be predicted.
The niche market where OPM has positioned itself, however, together with its original business model, should guarantee growth for quite some time to come in the future regardless of if/when any downturn may arise.
The banks are simply not interested in this sector of the market anymore, so nifty players like OPM are able to fill the gap and profit from it.
DYOR of course.

[horndean eagle] 13/6/2014 09:31

Flipside to bigger loan book is more levered to risk. All good and well when market conditions are good. Won't be the same when conditions change.

[shanklin] 13/6/2014 07:59

cfro

Slightly ahead should not mean more than 10% up on 3.1p, as that would oblige them to use "significant" or "materially". Perhaps circa 3.2p or at most 3.3p.

However, as per my post above, the broker estimate for the year just started could be very much on the low side, so 5p does not look unrealistic to me.

All IMHO, DYOR. Cheers, Martin

[cfro] 12/6/2014 18:35

How strange......you were all getting excited about trading and the company making a statement....


Its what you call sods law. I was out for nearly all the day today and away from my desk. I never expected them to release a statement at mid-day. Why on earth they couldnt have put it out at 7am i have no idea. Clearly the share price indicated that something was frying in the pan as the movement up until that time was quite significant......

Anyway, glad they released a nice positive update. They say 'slightly ahead..' so as brokers were forecasting eps of 3.1p wouldnt it be fair to expect eps of 3.5p?

That would mean a substantial increase in next years forecasts so 5p perhaps for next year as the gearing from the loan book kicks in?

[shanklin] 12/6/2014 16:00

LOL davidosh, I was at the cinema.

Last year, as per the RNS on 17-Jun-13, the year-end loan book had increased by 35% (£14.8m vs £11m) compared to the previous year-end. As per today's RNS this led to PBT increasing from £775k to somewhere above £1.2m, i.e. by at least 54%

So if the year-end loan book has grown y-o-y by a further 38% to £18.4m, and hopefully again helped by a little operational gearing, the forecast for the year just started will also need to be increased...

...IMHO It would not be unreasonable to increase the broker estimate PBT for the current year to at least £1.2m + 55% = £1.98m, which is 33% higher than the current forecast and suggests (to me at least) an EPS well over 5p.

Thoughts welcome.

Cheers, Martin



Cheers, Martin

[davidosh] 12/6/2014 12:55

How strange....you were all getting excited about trading and the company making a statement then the company issues one and there is not a single comment even after an hour later ?

I certainly like the huge increase in the loan book and very encouraging statement re a three year strategy for further Significant growth

[jamielein] 11/6/2014 18:04

Great to see the share price move so positively over the last few days. Patience has been rewarded here after quite a long period of consolidation.

[cfro] 11/6/2014 16:12

A think a positive update is a given after all the 'hints' they have given shareholders in recent statements.

SP really moving today. :-)

[owenski] 11/6/2014 16:09

Heard back from 1PM, they wouldn't give me a date but looks like a TU will be released later part of June, I read that as any time from next week. I also think it'll be very positive based on track record and new funds.

[cottoner] 10/6/2014 23:23

In the last 3 years OPM have released trading updates on June 17th, June 11th and June 14th respectively.

Would therefore expect the May 2014 pre-close statement to be any day now.

If the statements attached to the last couple of Funding RNSes are anything to go by, we should expect the Trading Update to be very positive.

[pieinsky] 10/6/2014 13:56

£1 by result date

[cfro] 10/6/2014 13:35

Thats what i call a breakout....:-)

[davidosh] 10/6/2014 13:27

Private and Commercial had their results out today and worth a look at for comparisons....the cost base here is much lower and drives better returns. PCF will be presenting at this event in late June...hxxp://www.sharesoc.org/seminarjune2014.html

[saucepan] 10/6/2014 12:54

A significant move on a weak market day augurs well. A breakout imminent hopefully.

[cottoner] 10/6/2014 12:12

Up on a couple of buys.

Poised to break out?

[saucepan] 04/6/2014 09:51

Yes, clearly still under the radar judging by the lack of reported trades.

As CEO Maria Hampton commented:

"This additional funding will help us to meet the continuing demand for finance from the SME sector and underpins our plans for growth. The total amount of new funding raised since 31st May 2013 now stands at £11.3m."

I am wondering how that will impact on the pattern of turnover growth shown here:



(ShareScope data)

A possibility of "significantly exceeding expectations" do you think?

[frenchfry] 04/6/2014 09:40

This is one that well and truly remains under the radar. What may not be appreciated yet by the market is that the additional funding raised today will in due course feed into tomorrow's profits, as most business is underwritten on a 3-year lease.
The niche business model here is clearly funding a need for SME businesses and, if the economic recovery taking hold is to be believed, then this area of the market should see continued strong growth.
All this and quality, driven management recently recognised with a prestigious award, and this is one I will hang my shirt on.
Sit back and enjoy.
DYOR of course.

[owenski] 04/6/2014 08:25

Nearly a third of the market cap in new funding raised this year, which goes into growing the loan book, trading is strong

Plus I believe funds are still being added via the Lesmoir-Gordon Boyle and Co facility entered into March of last year.

This is looking to continue a run of strong growth for some time to come imo.

[cfro] 04/6/2014 07:51

Yep, more funding and reiteration of strong trading.

Clearly business is booming here.

[saucepan] 04/6/2014 07:45

Additional funding facilities announced, yet again :-)

Things seem to be going very well here and will hopefully soon propel the share price to further breakout.