Time Finance Share Discussion Threads

[someuwin] 20/11/2024 09:17

Time Finance @time_finance
New Invoice Finance Deal Alert! 🚨

🥜 We provided this nut and dried fruits wholesaler with a £300,000 invoice finance facility.

The company needed funding to stabilise cash flow after transitioning from their previous funder. Our flexible funding solution will empower them to take on larger orders without financial limitations, which is crucial for their continued growth.

💷 This facility offers the working capital needed to expand their range of nuts, dried fruits, and granola. It also helps bridge cash flow gaps caused by long payment terms from their debtors, ensuring a steady financial footing moving forward.

[gswredland] 19/11/2024 08:40

Yes this and YU. my favourite AIM shares. Both looking cheap still

[nakedmolerat] 18/11/2024 19:23

TIME is one of those rare aim gems, that you buy on the dips and there are only positive market updates, rather than profit warnings

[gswredland] 18/11/2024 17:54

Thanks Owen
Makes for interesting reading

[owenski] 17/11/2024 13:35

Thanks for that hastings, clickable link -

[hastings] 17/11/2024 12:29

Write up for further interest.https://martinflitton1.wixsite.com/privatepunter/post/time-marches-on-17-11-24

[gswredland] 15/11/2024 14:31

Thanks Hastings
Great info

[edmate] 15/11/2024 14:10

Can look at that 2 ways. A) SME's will need additional cashflow and may be knocking on Times door to borrow and or b) bad debt may increase...

[joe say] 15/11/2024 13:48

Thanks Hastings but your last quote doesn't sit too well with me

"No real worries on budget (NI) as SME’s have already been dealing with high inflation, sharply upped interest rates and supply chain issues".

That implies SME's can continue to take hit after hit - which common sense tells you is nonsense. At some point the needle is tipped.

The additional NI cost for an average earning employee will increase 25% - and then there's minimum wage changes etc etc

[hastings] 15/11/2024 11:34

All in all happy to be holding and will add further on Monday.

[hastings] 15/11/2024 11:33

Had a very worthwhile chat with the CEO this morning and I'll add a write up for Monday morning.Suffice to say for now, no concerns on funding, with Ed stating that at the moment they're probably in the best position since he became involved in the business.Very recently renewed the 3 year RBS facility with a substantial increase, up by £20m.On the asset side, British Business Bank facility also renewed last May and also upped. Additional block lenders were also renewed in the summer.No real worries on budget (NI) as SME's have already been dealing with high inflation, sharply upped interest rates and supply chain issues.

[joe say] 15/11/2024 10:43

Me neither - not when the debt is effectively secured against a customer asset, and pulling finance surely would be the ultimate last resort and could make matters worse rather than better.

TIME would have to be loss making and consuming cash for such a scenario to happen I'd have thought

[doobz] 15/11/2024 10:39

I think it’s worth considering why a lender might pull funds, normally it’s to do with lack of confidence in the company/person or economic outlook.I can’t see a reason a lender would suddenly pull the rug personally

[mellodaniel] 14/11/2024 22:35

Will you be coming to Mello next week to watch the team present and ask a few questions in-person?

[hastings] 14/11/2024 12:55

I'll ask those questions.

[joe say] 14/11/2024 08:18

I'd be interested to hear about their views on the constant availability of funding to the company given the concerns raised on the podcast the other day.

Could finance be pulled at any time?

[shanklin] 14/11/2024 08:16

hastings,

Please would you ask how TIME expect the budget to affect:
- their own running costs
- the ability of companies to which they have existing loans, to pay off said loans
- their opportunity set going forward

Thank you, Martin

[hastings] 13/11/2024 14:28

Have a call lined up with management on Friday, so will look to add some comment on the back of that for interest.

[rivaldo] 13/11/2024 08:59

FYI Cavendish's new adjusted EPS forecasts haven't been specifically noted here yet - they are:

this year : 6.1p EPS
next year : 6.8p EPS

As someuwin previously posted, Cavendish have a 112p price target.

[joe say] 12/11/2024 13:26

Yes - thank you Riv

And ST of course too

[gswredland] 12/11/2024 13:08

Thanks Riv

[scottishfield] 12/11/2024 12:30

Thanks riv (holder)

[rivaldo] 12/11/2024 12:25

Excellent update as usual.

And just tipped again today by the IC's Simon Thompson:



"Simon Thompson:

A lowly rated small business specialist is upgrading earnings guidance again and it’s unlikely to stop

This lender's upgrade cycle is far from over

Published on November 12, 2024
by Simon Thompson

Profits at least 5 per cent ahead of market expectations
Forward PE ratio of 10 and 1.2 times tangible book value

Bath-based Time Finance (TIME:55.5p), a provider of invoice finance, asset finance and loan finance to more than 10,000 small and medium-sized enterprises (SMEs) has upgraded earnings guidance in an unscheduled first-half trading update.

The positive trading environment is underpinned by the reluctance of high-street banks to provide funding to SMEs, and Bank of England base rate cuts, too. Buoyed by record revenue, a loan book at an all-time high and stable arrears, the directors expect to deliver at least 22 per cent growth in pre-tax profit to £7.2mn (upgrade from £6.9mn) on 6 per cent higher revenue of £35.1mn in the 12 months to 31 May 2025. On this basis, expect earnings per share (EPS) of 5.9p.

etc"

[someuwin] 12/11/2024 12:01

Time Finance @time_finance
Another deal paid out! ✅

🌿 We provided this ecological consultancy business with a £250,000 invoice finance facility.

The company sought funding to stabilise its cash flow as they take over operations from its sister company, which had managed the archaeological side of the business ⛏️

💷 Our funding will deliver the working capital necessary for the business to accelerate their growth plans, offering peace of mind as they seamlessly integrate the businesses. This financial support will enable them to streamline their operations and invest in future projects.

⏳ Our team also offered the business our credit control service, designed to take the hassle out of chasing customer payments. With us handling the credit control, the business can spend more time on driving forward new opportunities

[joe say] 12/11/2024 08:38

I'd read my post again Arthur - which is taken from the Annual Reports

New deals are part funded by the company