Lota of shares plummeting downwards due to selling pressure before the budget tomorrow.I've got my eye on a top-up. But I also have some other shares competing for the money.... SYS1, CAV, BEG, SPSY for example.(i hold in the Boon Fund) |
Also bought more yday, had a few holding pullback rapidly yesterday likely to do with budget and capital gains stuff |
Cavendish's target price (issued last month) suggests over 100% upside to be had here. |
I also think these are very cheap and topped up for my missus and myself hence the 5649 and 6000 purchases. Not too sure why these have been marked down from the highs of 62p but the Directors are confident via their purchases and the management certainly seem to know what they are doing |
That's me back in yesterday and today. Very cheap again |
Time Finance @time_finance
Another deal paid out! ✅
We recently packaged a £750,000 Disclosed Invoice Finance Facility for a Print and Mailing company who offer tailored print services across a diverse sector 📧
This client took the opportunity to grow their business and purchased a company who had gone into administration.
🌱 Our facility enabled this client to save 33 jobs, which demonstrates how transformative an invoice finance facility can be to enable business growth. |
We know they're going to announce their next four year growth plan before year end. It would be good if they get this out to the market before Mello on Nov 20th.
"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." |
Yes very positive move by Ed and from memory James the FD actually bought shares recently so a clear confidence vote from them. It will be good to catch up with them at the Mello investor conference in Derby next month |
Or to put it another way - he was willing to fork out north of £110k to retain all his shares |
Love it that Ed disposed on zero options. That screams confidence. I accept others may not be in the same financial position. |
New Invoice Finance Deal Alert! 🚨
This new start business who specialise in traffic management and road maintenance required funding to kickstart their growth plans.
We provided the business with a £150,000 disclosed invoice finance facility to manage their cashflow whilst they expand their business with new contracts with local councils.
✅ Our flexible team also offered the business our optional credit control service, designed to take the hassle out of chasing customer payments. With us handling the credit control, the business can now spend more time on driving new opportunities and expanding their customer base. |
Bargain at these prices, surprised to see the pullback. Was convinced these were really about to motor off |
Controlledmadness - Well thanks for taking the time to look at it. It just caught my eye when analysing the income statement. I couldn't find an explanation either and there's nothing pertining to it in the CFO's commentary in the Y/E results.. |
Edmate. I think its a lot more complicated. I started looking at your numbers and then went a bit further. There are Consolidated and Company assets and liabilities. I assume the consolidated takes into account the subsidiaries.
In both sets you see differed Tax and Tax payable and tax receivable. I think you have to take into account the changes here to find the real amount of tax.
I am not an accountant and not fully aware of the meaning. Maybe someone who understands it will post a full explanation. |
Thanks Joe Say, You're right my sums were off. Now getting 25.12% for 2024. However this is still a vast increase from 2023. PBT 4,167. Tax 720. Tax rate 17.28% vs 25.12% in 2024... |
PBT - 5,935
Tax Rate 25% = £1,484
Difference appears minor but per the a/c's there was a £425 b/f adjustment (cost) largely offset by £(395) fixed asset diffs
All's good - bar questions over the £425 adjustment! (which I'm taking to be one-off in nature)
PS: I'd question your maths btw - looks like 25.1% at first glance |
Looking at most recent income statement, 2024 PBT was 5,935 and Tax was 1,491, meaning a tax rate of 33.55%, which is way higher than 2023. I can't seem to find any explanation for this. Does anyone know why tax paid in 2024 was that high? |
Time Finance @time_finance
🚀Off the back of our excellent year-end results, we are delighted to share with you some numbers from our Invoice Finance division which demonstrate how we have increased our market share and volume of business during the last financial year.
🤝 45% increase in profits from 22/23 to 23/24
👏 14% increase in funding during the last financial year
✅ 43% increase in the number of deals completed with funding lines over £500k
📈 50% increase in facility limits |
Time Finance @time_finance
We have been shortlisted! 🏆
We are delighted to be shortlisted for both Factoring & Invoice Discounter of the Year and Underwriting Team of the Year at this year's
@NACFB Commercial Lender Awards.
Congratulations to all those recognised. We can't wait to celebrate with you on the night 🥂 |
Time Finance @time_finance
Another deal paid out! ✅
We provided this business with a £400,000 invoice finance facility. The business specialises in the provision of bespoke food and drink gift sets. They required a facility to boost their cashflow after two successful years of trading had led to increased product demand.
Knowing that the latter 3 months of the year are their busiest period, this client was eager to secure funding to accommodate the increase in sales expected as a result of upcoming seasonal spikes.
We were delighted to step in to help this business prepare for festive fluctuations in their cashflow. We met with the client to hear their vision and ambition for the business and created a funding solution that took their seasonal trading spikes into account. |
Trading volume unusually high, more than one week after results.Like 3x average IMO. Normally it falls back by a weeks time. This time something has changed.Coupled with the higher share price than ever before, the notional value traded is astounding compared to the last 2-3yrs history of this share.(I hold in the Boon Fund) |
It has just broken through 60p....It was seven years ago when it was last over 60p.
Good management team doing all the right things. Come and meet them at the Derby event next month. |
Can't buy many online. |
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: |
 Interesting interview with the CFO:
Extracts:
"We will reinvest the money back into the business,” said Roberts, “….our profit has improved because of the compounding effect – a bigger book means bigger profit […] and using our own generated revenue to lend-on to businesses means we pay less in financing charges and hopefully accrue greater future revenues – a snowballing effect.”
"We could do with the share price being a bit higher,” said Roberts, “[…] we still think the company is undervalued by the market and has plenty more room to grow. […] We’ve increased profit by 40% this year, which is marginally ahead of our predictions, and just on a compounding basis, we expect this to increase more next year, so expect the share price to catch up with the true value of the business.”
"The business is well-balanced between its two main pillars, Asset Financing and Invoice Financing with both growing at similar levels over the year to stand at approximately GBP90m and GBP68m respectively, which, explained Roberts, gives Time Finance a useful hedge against changes in interest rates either up or down, as both legs have an inverse relationship to one another with reference to the base rate." |
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