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
  +0.00p +0.00% 46.25p 0 06:38:22
Bid Price Offer Price High Price Low Price Open Price
46.00p 46.50p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 16.9 4.1 6.1 7.6 39.82

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Date Time Title Posts
27/2/201820:591PM With Volume - Recovery to 0.25p ?863
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 (OPM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-03-21 16:07:5746.401,258583.71O
2018-03-21 15:00:5646.1720192.80O
2018-03-21 13:57:5446.6010,0004,660.00O
2018-03-21 13:57:5346.6020,0009,320.00O
2018-03-21 13:22:3146.902,1601,013.04O
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1PM Plc (OPM) Top Chat Posts

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 46.25p.
1PM has a 4 week average price of 46.25p and a 12 week average price of 45p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 39p.
There are currently 86,100,936 shares in issue and the average daily traded volume is 92,020 shares. The market capitalisation of 1PM is £39,821,682.90.
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?
speedsgh: Would appear to still be a large seller about offloading into the increased demand caused by the Midas article. Once the tap has finally been turned off, the share price ought to find a more natural valuation.
dan_the_epic: Go away OPM directors with your greedy options package; no-one cares if its at a premium to the share price. You want upside to your salaries? Go risk some real money and buy shares rather than dilute your shareholders away with riskless upside. Starting to think poor corporate governance is a big factor here and very close to taking it off my watchlist
shanklin: Hi GHF I think you make very good points. Do we know for certain that OPM will not be conducting another placing in the near future at below the current share price? I would like to think not but management's track record and this concern have discouraged me from re-investing. Thoughts welcome Best Regards, Martin
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
mustergreen3991: 1Pm have made a very good acquisition in buying Positive Finance. David Smith is a very good operator and the factoring book will be good. With Positive and Generate they have 2 good companies in the factoring sector. Share price has fallen recently -good time for a fresh look
holiday6: Share price in some kind of freefall. Accepting the concern over management's apparent disregard for shareholders, this is probably getting close to representing some value - and could be great value if we could see a positive statement. Meanwhile I wonder what the atmosphere is in board meetings between Chairman, CEO & Ron Russell...
glasshalfull: 1PM Feels like my own private investment thread ;-) I last posted a month ago following the earning enhancing iLoans acquisition. Cenkos upgraded earnings by (+6%) for 17/18, raising adj diluted EPS to 7.5p from 7.0p. OPM aren't let the grass grow under their feet & announced a further acquisition today of Bell Finance which adds scale to their Asset Finance Division. Their broker has consequently upgraded the upgraded earning figures by a further (+5%)!!! 1pm will hope to reduce Bell's existing funding costs through delivering economies of scale through the elimination of duplicate costs. Cenkos indicate that they acquired Bell on a multiple of 6.5x PBT & that it will be earnings accretive in 17/18. The new FY begins in June. They conclude, In FY18, recognition of a full year of Bell leads to a 5.3% increase in adj EPS to 7.9p p/s (was 7.5p p/s), with a dividend of 1.02p p/s (was 0.97p) now expected....Excellent value on book and earnings basis - 1pm trades on a FY18E PER of 7.4x and a p/book multiple of 1.1x. This represents exceptional value relative to alternative finance peers; such as closest peer P&CF (FY18E PER 13.7x, 1.9x book). --- Share price 59.5p (mid) & the latest upgrade places the shares on a prospective PER of 7.5 for 2017/18 which almost prices them at c.45% discount to peer PCF (Private & Commercial Finance Group) on both an earnings & also price to book basis. Look great value to me. Kind regards, GHF
glasshalfull: 1PM Another lovely quiet thread. Share price +14% in the last few days following the iLoans acquisition...and zero posts! Looks like a decent acquisition to me, with Cenkos upgrading forecasts & indicating that it will be +6% earnings enhancing in 17/18 - year end May, so negligible impact in remaining couple of months of the current financial year. Update from Cenkos indicates, "...iLoans brokers second charge (45%), commercial (40%) and bridging (15%) property loans to a panel of funders for commission income. Deals are originated from a network of introducers to small businesses and consumers seeking credit. By acquiring, 1pm is seeking to self-fund future bridging loans which offer short-term, low risk, and highly profitable rewards, while continuing to broke-on remaining business for commission. The deal also offers cross-selling opportunities with brokers to the existing 1pm business." "...iLoans’ business will be combined with existing Onepm Finance business loans (currently a £14m book) to form the Loans division. The division represents shorter term lending (3-12m) which will be backed by the more flexible SLNP in addition to existing block funding arrangements." The initial consideration represents a multiple of 3.0x EBITDA. iLoans received commission income of £1.5m (from 250 transactions) in the year ending 31 Jan 2017, which produced EBITDA of £0.4m and PBT of £0.3m. Cenkos have upgraded 17/18 forecasts for earnings upgraded by +6.0% which raises adj diluted EPS from 7.0p to 7.5p & places shares on a PER of 8.2 (based on mid-price of 62p). They retain 5.9p adj diluted EPS for the current year which ends shortly (31.05.2017). Cenkos conclude that OPM offers, "...Excellent value on book and earnings basis - 1pm trades on a 17/18 PER of 7.8x and a p/book multiple of 1.3x. This represents exceptional value relative to alternative finance peers; such as closest peer P&CF (FY18E PER 13.6x, 1.8x book)." --- Kind regards, GHF
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