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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Time Finance Plc | TIME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -0.61% | 41.00 | 08:07:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 41.25 | 41.00 | 41.25 | 41.00 | 41.25 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 21/2/2024 18:29 by davidosh Finished very strong and up over 8% on the day. That Mello appearance must have given investors increased . They provided important colour to add to the interim results |
Posted at 20/2/2024 15:13 by davidosh GregB said...I didn't sign up even though it was free :-) I just didn't want people spending their hard earned money when a free option was available GregB....Just for your own info. All the companies that present have a code that is provided within an RNS to allow their shareholders to watch for free. For some reason you put that code everywhere !! General investors are supposed to buy tickets as these shows are not just about the companies presenting. They are quite educational in the other sessions within the four hour shows. Hundreds of investors think that is reasonable and pay for access. Do you not think that if a team has to create these shows, do all the prep work and host them for the benefit of investors then maybe they deserve to be paid? |
Posted at 20/2/2024 13:30 by nakedmolerat a few buys have come in this morning, so must have impressed investors |
Posted at 02/2/2024 15:20 by melloteam Time Finance on MelloMonday webinarJust to let shareholders and prospective investors know that Time Finance, Poolbeg Pharma and Duke Royalty will be presenting on the MelloMonday webinar on Monday 19th February 2024, starting at 5pm. There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 29/1/2024 09:30 by rivaldo Cheers eeza - here's the rest of ST's tip:"On course for double-digit earnings growth Time Finance uses wholesale funding facilities to finance its lending and remains funded to continue cherry-picking business to hit its £230mn lending target by June 2025. That’s worth noting since an increasing proportion of incremental gross profit earned on new lending converts into operating profit given the company has a relatively fixed cost base. This helps explain why house broker Cavendish expects 30 per cent growth in operating profit to £5.6mn on 12 per cent higher revenue of £30.8mn in the 12 months to 31 May 2024. On this basis, expect both pre-tax profit and earnings per share (EPS) to rise by more than a quarter to £5.4mn and 4.3p, respectively. Factoring in further growth in loan receivables to £210mn by 31 May 2025, analysts expect annual revenue of £33.1mn to deliver operating profit of £6.6mn, pre-tax profit of £6.3mn and EPS of 5.1p in the 2024-25 financial year. This implies the shares are rated on modest forward price/earnings (PE) ratios of 8.5 (2024) and 7.3 (2025). Moreover, by recycling profits back into the business, tangible net asset value (TNAV) is also delivering double-digit growth, rising 13 per cent to £36.4mn (39.3p) year on year and on course to hit £38.8mn (42p) in May 2024 and £44mn (47.5p) in May 2025. The value being created for shareholders has not been lost on investors, hence why the share price has risen 41 per cent since I spotted the opportunity (‘Alpha Research: Business is booming for this underrated lender to SME’s’, 18 August 2023) and is up 19 per cent since my last buy call (‘Six micro-caps worth buying’, 9 November 2023). The modest single-digit earnings multiple and 21 per cent discount to May 2025 TNAV estimates suggest the re-rating has further to run and I upgrade my target from 40p to 50p. Buy." |
Posted at 25/1/2024 07:03 by someuwin 25 January 2024Time Finance plc (the "Group" or the "Company") INTERIM RESULTS FOR THE SIX MONTHSED 30 NOVEMBER 2023 Continued strong growth in Profits and Earnings Per Share Lending book at record levels after ten consecutive quarters of growth Time Finance plc, the AIM listed independent specialist finance provider, today announces its unaudited interim results for the six-months ended 30 November 2023 ("Results" or "Interims"). The Interims reflect continued strong demand from businesses across the UK for the range of alternative finance products offered by the Group. Financial Highlights : -- Own-Book lending origination up 29% to GBP47.3m during H1 2023/24 (H1 2022/23: GBP36.6m) -- Gross lending-book up 24% to a record GBP188.6m as at 30 November 2023 (30 November 2022: GBP152.7m) -- Revenue up 19% to GBP15.7m (H1 2022/23: GBP13.2m) -- Profit before Tax ("PBT") up 35% to GBP2.7m (H1 2022/23: GBP2.0m) -- Earnings Per Share up 35% to 2.33 pence per share (H1 2022/23: 1.73 pence per share) -- Net deals in arrears remain stable at 6% of the lending book as at 30 November 2023 (30 November 2022: 6%) -- Net Assets up 7% to GBP63.9m as at 30 November 2023 (30 November 2022: GBP59.7m) -- Net Tangible Assets up 13% to GBP36.4m as at 30 November 2023 (30 November 2022: GBP32.1m) -- Strong visibility of future earnings with unearned income up 26% to GBP23.9m as at 30 November 2023 (30 November 2022: GBP18.9m) -- Continued positive trading momentum throughout December 2023 gives significant confidence that full year trading will be at least in line with Board expectations Commenting on the Interim Results, Tanya Raynes, Non-Executive Chair, said: "These results show that our focus on own-book lending continues to deliver a strong trading performance. This is particularly encouraging given the wider economic headwinds and demonstrates UK SMEs' robust demand for funding from a truly customer-focussed, multi-product provider of finance like ourselves. The strategic positioning of the Group within the market has enabled it to generate increasing levels of demand whilst also maintaining control of credit and spread risk. As a result, the Group is well positioned to deliver further growth and increased value to our shareholders. We look forward to being able to report on further progress at the year-end." Investor Presentation As announced on 19 December 2023, the Company will deliver a live presentation relating to these H1 2023/24 Interims via the Investor Meet Company platform at 1:00pm GMT today. Existing and potential shareholders can sign up to Investor Meet Company for free and add to meet Time Finance plc via: . |
Posted at 19/12/2023 07:08 by someuwin 19 December 2023Time Finance plc ("Time Finance", the "Group" or the "Company") Half Year Trading Statement Notice of Interim Results and Investor Presentation Ten consecutive quarters of growth in lending book; significant increases in revenues and profits Time Finance plc, the AIM listed independent specialist finance provider, is pleased to provide a trading update in respect of the Group's performance for the six-months ended 30 November 2023 ("H1 2023/24"). This update is in advance of the scheduled release of the Group's full H1 2023/24 unaudited Interim Results on 25 January 2023 . H1 2023/24 Highlights -- Own-Book lending origination of GBP47.2m, an increase of 29% (H1 2022/23: GBP36.6m) -- Lending-book continuing to grow, increasing 11% to GBP188.5m since financial year-end (31 May 2023: GBP170.1m) and 23% from the same date 12 months prior (30 November 2022: GBP152.7m) -- Revenue of GBP15.7m, an increase of 19% (H1 2022/23: GBP13.2m) -- Profit before Tax of GBP2.7m, an increase of 35% (H1 2022/23: GBP2.0m) -- Net Arrears remain stable at 6% of the lending book (31 May 2023: 6%; 30 November 2022: 6%) -- Net Tangible Assets continue to increase - up 6% to GBP36.4m since financial year-end (31 May 2023: GBP34.2m) and 13% from 12 months prior (30 November 2022: GBP32.1m) -- Continuing positive trading momentum, leading to expectation of Group trading for the full year to be at least in line with recently upgraded market guidance The increase in revenue is attributable to the compounding effect of continued growth in the size of the lending book. As a key element of the Company's four-year strategic plan from June 2021 to May 2025, the increased size of the lending book is driven by Invoice Finance and the 'Hard' subset of Asset Finance. These two products, being typically larger ticket and more secured in nature, have accounted for approximately 80% of new deal volume originated in H1 2023/24, and make up over 70% of the total lending book as at 30 November 2023. Ed Rimmer, Chief Executive Officer commented: "The Board and I are very encouraged by performance in the first half of the current financial year. In line with our strategy, we have continued to increase the size of our lending book and, crucially, have done so without compromising on quality, as borne out by the stable nature of our arrears. This approach has led to increased revenues and profitability. We now have real confidence that the Group is very well placed to continue on this growth trajectory, building long-term value for our shareholders." Notice of Interim Results and Investor Presentation The Company is also pleased to announce that Ed Rimmer, CEO, and James Roberts, CFO, will deliver a live presentation covering the H1 2023/24 Interim Results via the Investor Meet Company platform at 1pm on Thursday, 25 January 2023. This follows the publication of the Interim Results earlier that same day. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Time Finance plc via: . Investors who already follow Time Finance plc on the Investor Meet Company platform will automatically be invited. |
Posted at 20/11/2023 13:23 by davidosh We have invited the management team to come and do two presentations for the hundreds of Mello investors attending the two day conference in Chiswick in London.There are over 30 companies engaging with investors and it seems perfect timing for Time Finance There are lots of fund managers attending and fab speakers so very worthwhile attending |
Posted at 09/11/2023 12:33 by davidosh Just to let shareholders and prospective investors know that Time Finance will be one of the companies featured in our BASH MelloLondon. We have also invited the management to join us and do two presentations on the 30th November but not confirmed as yet. We try to attract the best small to mid sized listed companies and we have some very good ones exhibiting this yearThe event will take place at the Clayton Conference Centre, Chiswick on Wednesday 29th and Thursday 30th November, where you can expect over 700 investors, 50 Aim listed companies and 10 or so Trusts and Funds. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. For more information, visit |
Posted at 12/9/2023 07:21 by someuwin Time Finance plc("Time Finance", the "Group" or the "Company") Own-Book Lending Portfolio Update Notice of Results, Investor Presentation and AGM Lending Book grows to all-time high of more than GBP175m Time Finance plc, the AIM listed specialist finance provider, is pleased to provide the following update on the performance of its lending book portfolio. Increasing the Company's own-book lending forms a key pillar of the Group's medium-term growth strategy, announced in June 2021, which targets a more than doubling of the lending portfolio by 31 May 2025. The Company also confirms key dates in the 2023 financial calendar. Own-book lending growth continues in line with medium-term strategy As at 31 August 2023, the unaudited value of the Group's lending portfolio reached a record high of GBP175.8m, ahead of the level expected by management at this stage of the four-year medium-term plan. The lending portfolio stands 4% higher than the 31 May 2023 financial year-end level of GBP168.9m and 18% up on the prior year equivalent level of GBP142.9m as at 31 August 2022. Notice of Results, Investor Presentation and Annual General Meeting As announced on 29 June 2023, the Group is planning to announce its audited annual results for the year ended 31 May 2023 on Tuesday 26 September 2023. The Company will also provide an update in respect of trading in Q1 2023/24 at that time. Chief Executive Officer, Ed Rimmer, and Chief Financial Officer, James Roberts, will deliver a live presentation relating to the audited annual results and the Q1 trading update via the Investor Meet Company platform at 1.00pm BST on 26 September 2023. The presentation is open to all existing and potential shareholders and questions can be submitted at any time during the live presentation via the Investor Meet Company dashboard. Investors can sign up to Investor Meet Company for free and add to meet Time Finance plc via: . Investors who already follow Time Finance plc on the Investor Meet platform will automatically be invited. The Company is also proposing to hold its Annual General Meeting on Tuesday 7 November 2023. The notice convening the AGM will be published in due course. Ed Rimmer, Chief Executive Officer, commented: "I am delighted to report continuing and consistent growth in our own-book lending portfolio, a key area of focus in achieving our medium-term strategy. Given the compounding nature of the interest associated from own-book lending, the growth in the portfolio will result in increasing income and profit streams over the life of these deals as well as a further strengthening of our balance sheet." |
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