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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
|
|
|---|---|---|---|---|
| -0.30 | -0.51% | 58.50 | 14:06:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 58.80 | 58.50 | 58.80 | 58.50 | 58.80 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 11/11/2024 12:40 by someuwin Time presenting this Wednesday...Shares Investor Evening (London) - LIVE EVENT - 13 November 2024 Wednesday 13 November 2024 Ashoka India Equity Investment Trust, Investment Evolution Credit, Pantheon Infrastructure and Time Finance Join Shares and AJ Bell for an evening of investment inspiration and get to meet the decision-makers. The event on Wednesday 13 November in London will include: An opportunity for you to talk directly with the directors and ask your questions about the companies core strengths and their short and long-term business strategy Meet fellow investors and share your investing experience Complimentary drinks and refreshments The following companies will be presenting: ... 18.00 - 18:30 Time Finance James Roberts, FD - Time Finance (TIME) Ed Rimmer, CEO - Time Finance (TIME) |
Posted at 11/11/2024 09:36 by davidosh I added as well. Time Finance are doing really well and in my top five holdings now. Their key metrics are constantly improving and extra funding is being acquired readily. TIME will be doing two presentations face to face at the Mello10 conference in Derby on the 20th November and hundreds of investors are going to be there....All welcome |
Posted at 31/10/2024 10:07 by rivaldo New positive article on Master Investor - subscription-only unfortunately:"Small Cap Comment – Time Finance Having followed Time Finance for the last 18 years, Mark Watson-Mitchell remains a fan of its business model and anticipates further growth over the next few years, shares now 53p, Brokers TP 112p. Mark Watson-Mitchell Oct 31, 2024 Time Finance (LON:TIME) – The Growth Continues And Now With Extra Funding I do not expect any fireworks at next Tuesday’s AGM being held at the Hilton Manchester Deansgate from this AIM listed independent specialist finance provider. What I do expect though is some confirmation that the £53m capitalised group is still on track to record a near 25% increase in current year profitability. The Business Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focussed on being an 'own-book' lender, the group does retain the ability to broke-on deals where appropriate, enabling it to optimise business levels through market and economic cycles. etc" |
Posted at 30/10/2024 11:44 by someuwin Shares Investor Evening (London) - LIVE EVENT - 13 November 2024 |
Posted at 03/10/2024 19:18 by mello2024 Just to let shareholders and prospective investors know that TIME will be presenting at Mello's 10 year anniversary show on Wednesday 20th November 2024 9am - 7pm. We have created a two day investor conference that will include 12 top quality keynote speakers, 8 educational workshops and panel sessions, 40 exhibiting companies plus over 60 company presentations for investors to evaluate and understand their current or future investments. Tickets are still available: |
Posted at 25/9/2024 06:17 by whites123 Better than expected results and a Trading update as well showing continued growth.Amazing results. Q1 Trading Update Record Quarterly Revenues, Net Tangible Assets and Lending Book Time Finance plc, the AIM listed independent specialist finance provider is pleased to announce the following update on the Group's trading performance for the first quarter of the current financial year covering the three months to 31 August 2024. Unaudited Q1 financial highlights: · Own-Book lending origination up 9% to £22.1m (Prior Year Q1: £20.2m) · Revenue up 20% to £9.1m (Prior Year Q1: £7.6m) · Profit before Tax up 46% to £1.9m (Prior Year Q1: £1.3m) · Net Tangible Assets up 14% to £40.1 at 31 August 2024 (31 August 2023: £35.2m) · Gross lending-book up 17% to £205.3 at 31 August 2024 (31 August 2023: £175.8m) · Net Arrears are stable at 5% of the gross lending book at 31 August 2024 (31 August 2023: 6%) · Net Bad Debt Write-Offs remain at 1% of the average lending book, unchanged from the same date one year prior As targeted in the Company's four-year strategic plan (announced in June 2021), lending book growth has continued to be driven by both the Invoice Finance division and the 'Hard' subset of the wider Asset division. Both of these products are in the secured lending arena and provide scope for larger average deal sizes. Ed Rimmer, Chief Executive Officer commented: "As we enter the final year of our four-year medium-term strategic plan, I am very encouraged that the first quarter of the new financial year continues to deliver increased growth in our lending book, our Net Tangible Assets, our Revenues and our Profit Before Tax. The lending book has now seen consistent increases for thirteen consecutive quarters, reflecting the demand for our multi-product offering and the value placed on our first-class customer service by UK businesses seeking access to finance. Pleasingly, our net arrears and net bad debt write-offs are well within our target ranges and underline our commitment to responsible and sustainable lending. The Board, therefore, retains real confidence that the Group is positioned for further growth and will build increased value for its shareholders over time. "The continued strong performance highlights the benefits of the four-year plan we implemented in 2021. With an eye firmly on the future and building on this momentum, management is focused on establishing a new medium-term strategy that will commence from June next year and guide the Company's next period of growth. I look forward to updating our shareholders on that plan towards the end of this calendar year." The Company will deliver a live presentation relating to this trading update and the simultaneously released 2024 Results announcement via the Investor Meet Company platform at 1pm BST today. Existing and potential shareholders can sign up to Investor Meet Company for free and add to meet Time Finance plc via: hxxps://www.investor |
Posted at 10/9/2024 10:38 by davidosh Time Finance will be meeting investors and presenting at our two day Mello conference on the 19th and 20th November in Derby |
Posted at 27/6/2024 22:23 by davidosh I have just spotted a very good write up by Simon Thompson of the Investors Chronicle who is updating investors following the company trading update and new broker forecasts. He rates TIME as a BUY |
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 12/9/2023 06:21 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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