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Share Name Share Symbol Market Type Share ISIN Share Description
1PM LSE:OPM London Ordinary Share GB00BCDBXK43 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.25p -0.61% 41.00p 1,399 08:23:01
Bid Price Offer Price High Price Low Price Open Price
40.50p 41.50p 41.25p 41.00p 41.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 30.01 7.85 7.57 5.4 35.9

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Date Time Title Posts
04/12/201822:341PM With Volume - Recovery to 0.25p ?1,043
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 Plc Daily Update: 1PM is listed in the General Financial sector of the London Stock Exchange with ticker OPM. The last closing price for 1PM Plc was 41.25p.
1PM has a 4 week average price of 39.50p and a 12 week average price of 39.50p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 39.50p.
There are currently 87,596,428 shares in issue and the average daily traded volume is 80,484 shares. The market capitalisation of 1PM is £35,914,535.48.
santangello: As with all my holdings, I research the company and not the share price.I added again today.....
graham1ty: Good update. However, why do companies keep saying they are in line with “Group expectations” ? What about referring to “market expectations” ? We do not know what Group expectations it is a useless comparator If the Company is frustrated by the share price, the statement is pretty vague. Yes, positive, but not by much.
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 !
speedsgh: Can't remember a time when patience wasn't required here! It sometimes feels like OPM is the ugly sister at the ball but I'm sure it'll get there in the end. So long as the company keeps doing all the right things, the share price will follow... eventually.
eagle eye: Congratulations to everyone at OPM for an excellent set of results. With a share price of 55p, the EPS of 7.6p equates to an historic PER of x 7.3. Revenue visibility of £19m for 2019 underpins current year forecast. I'd expect a PER re-rating over the coming months.
masurenguy: 1pm forecasts substantial jump in annual earnings, revenue BFN News| 27 June, 2018 Finance provider to small businesses 1pm said it expected to post a large boost in annual revenue, while increasing earnings per share. Revenue for the year through March was expected to jump by more than 75% to £30.0m. Basic earnings per share would increase 'by more than 20% notwithstanding the increase in shares in issue in June 2017 to fund acquisitions', the company said. "The preliminary results for the year ended 31 May 2018 mark the successful culmination and implementation of the buy-and-build strategy pursued over the past three years, the strength of our operating model of being both a funder and a broker and our cautious approach to risk. These results reflect both the organic growth we anticipated and the expected growth from our strategic acquisitions and have produced a strong uplift in earnings per share."said chief executive Ian Smith. At 2:35pm: (LON:OPM) 1pm PLC share price was 46.5p. Story provided by NB: As previously mentioned, there could be a bit of an overhang impacting the shareprice going forward if retiring director Mike Nolan is planning liquidate his complete holding in the market. Hopefully he will find an institution or other investor to take the bulk of them in one shot !
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?
glasshalfull: OPM Alongside many investors / posters on this thread, I don't think the management team have covered themselves in glory by accepting the low-ball price of 45p to conduct the recent placing. 25% dilution was a bitter pill to swallow. I sold out for a small loss when the shares marginally recovered at the end of May but despite the disappointment found myself reconsidering the investment case in recent weeks as the share price continued its downward trajectory, through the 45p placing price & down to the current 40p share price which is a fall of c.30% in 6-weeks following the RNS release confirming the subsequent fundraise. Consequently I've reinvested over recent days, despite a few misgivings, as I believe value fairly compelling at the current price. Following the share price bloodbath in recent weeks OPM shares are trading on a PER of 7 for the year just ended (31.05.2017) & on a current year PER of just 5.6 on 22% earning growth & a forecasted dividend yield of 2.3% (dividend of 0.9p). I've also heard v positive noises surrounding the newly appointed Ed Rimmer which has been confirmed via a number of other posters on this thread that know both him & the sector. This was the clincher for me to reinvest. Cenkos have reiterated their buy recommendation (would expect nothing less ;-) & confirm that Positive Cashflow was acquired on 5.4x profits (7.5x when earn out included) & Gener8 on 6.5x They say, "We update our forecasts for the final deal terms which are consistent with those announced at the recent fundraise, save for the substitution of £0.2m of upfront cash payable, which will now form part of the deferred consideration. Our FY17 forecasts do not include contribution from either Gener8 Finance (Acquired 8 Jun 17) or Positive, while our FY18 forecasts only include 11m contribution from the latter. This acquisitive growth is the key driver to the expected doubling of PBT from FY16 to FY18." & "We believe 1pm's current valuation materially undervalues the business, with recent weakness reflective of concerns over UK consumer credit and general weakness in equity markets over the past month. To confirm, 1pm is not engaged in any form of consumer credit (in particular car finance etc). Trading on a FY18 PER of 5.6x and an expected P/book multiple of 0.71x, we believe the market is not appreciating the significant growth to come." --- Good luck to all holders. Kind regards, GHF
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