Time Finance Share Discussion Threads

[nakedmolerat] 27/3/2023 13:08

rises on a good results and then falls away over time

[doobz] 27/3/2023 11:53

Anyone have any insights as to how the recent bank shake up might impact Time?

[smithie6] 26/3/2023 23:15

...& commas & full stops have been very hard to find as well !

[lennonsalive] 26/3/2023 08:31

With the credit squeeze at banks firms will find it harder and more expensive to get loans

[devonlad] 20/3/2023 21:44

There is a lot to like about this business, thanks some win.

[someuwin] 20/3/2023 19:18

20 MAR 2023 / ASSET

Time Finance invest in technology to provide market-leading service for Asset Finance brokers...

[doobz] 14/3/2023 17:43

I think the share price reaction was a little light given the news personally. Looks well placed for the next leg up now.

[gswredland] 14/3/2023 15:05

Yep fingers crossed

[z1co] 14/3/2023 14:46

Started it's next leg up , should get to about 29.5p to 30p before consolidating.

[gswredland] 13/3/2023 17:09

Thanks David

[davidosh] 12/3/2023 12:39

Good news....This show is now free for all shareholders and potential investors in Time. Just enter the code VIP13 when registering here..

[melloteam] 12/3/2023 12:31

Time Finance are appearing on MelloMonday
Monday 13th March 2023, 5.00pm – 9.00pm

Click here for free tickets using the code VIP13:



Programme
5.00 pm Mello welcome and Mello news
5.05 pm David Stredder interviews James Roberts and Ed Rimmer of Time Finance
5.30 pm Rosemary Banyard discusses her latest markets thoughts
6.10 pm Company presentation with EVO
6.40 pm Panel session; The Wandisco Inferno and other investment disasters analysed by Mark Simpson, David Stredder, Roger Lawson and Kevin Taylor.

Click here for free tickets using the code VIP13:

[mellotrustsandfunds] 11/3/2023 16:00

Just to let shareholders and prospective investors know that Time Finance will be presenting on the MelloMonday webinar at 5.05 pm on Monday 13th March.
The programme for the evening is as follows:
Monday 13th March 2023, 5.00pm – 9.30pm

5.00 pm Mello welcome and Mello news
5.05 pm David Stredder interviews James Roberts and Ed Rimmer of Time Finance
5.30 pm Rosemary Banyard discusses her latest markets thoughts
6.10 pm Company presentation with EVO
6.40 pm Panel session; The Wandisco Inferno and other investment disasters analysed by Mark Simpson, David Stredder, Roger Lawson and Kevin Taylor.

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 VIP13.

[chrisdonohue] 08/3/2023 17:07

The growth rate is impressive at the earnings level but I am looking for an eps of about 3.3p putting it on a pe ratio at 25.8p of just under 8, still undervalued.
Note that PBT for Q3 21 was negative at -0.1m, a fact somewhat overlooked but which led to the extraordinary rise of 172% to the Q3 22 figure.-

[devonlad] 08/3/2023 11:49

Unaudited financial highlights:

-- Own-Book lending origination up 34% to GBP52.9m (As at Q3 2021/22: GBP39.5m)
-- Revenue up 28% to GBP20.0m (As at Q3 2021/22: GBP15.6m)
-- Profit Before Tax ("PBT") up 172% to GBP3.0m (As at Q3 2021/22: GBP1.1m)

-- Strong visibility of future earnings with unearned income up 30% to GBP19.4m as at 28 February 2023 (28 February 2022: GBP14.9m)

-- Gross lending-book up 26% to GBP157.2m as at 28 February 2023 (28 February 2022: GBP124.6m)

-- Net Arrears reduced to 6% of the gross lending book as at 28 February 2023 (28 February 2022: 8%)

-- Net Tangible Assets up 12% to GBP33.0m (28 February 2022: GBP29.5m)

Have been buying all morning, this is just very undervalued imho, pe of 6 with that growth rate. I think that is way too low and the chart is primed for a breakout, not a lot wrong with this.

[z1co] 08/3/2023 11:25

Many thanks Chris.

I really don't have the time to argue with derampers

[chrisdonohue] 08/3/2023 11:17

The PBT 3m is poorly worded but is cumulative rather than the Q3 figure. ZICO is correct in saying that results were biased towards H1, last year eps went from 1.07p to 1.98p as PBT went from 1.2m to 2m. However, current momentum to reach PBT 3m by Q3 from H1 2m shows that this bias is to some extent unravelling at least in PBT figures and forecast of at least 3.6m by year end suggests that 4m may be unlikely.

[smithie6] 08/3/2023 10:18

try reading the RNS again

since the text in your post is completely wrong.

"..£3m this qtr alone"

(Phps a typo ?)

[the oak tree] 08/3/2023 10:14

Excellent news, happy holder.
Agree with others that FY estimates are too low.
Its a very small stock and could easier multi bag from here IMHO.

[phar lap] 08/3/2023 09:21

From CenkosValuation – Time is currently trading on an c0.6x FY23E P/TNAV multiple compared to the 1.7-2.0x multiple seen in 2018 pre-covid. We believe at a minimum this eventually will reflect a P/TNAV multiple of c1x, representing material upside from current levels. P/E multiples are low at just 5.8x FY24E earnings, which we believe could double once FY24E profitability comes into sight and as management continue to deliver on their strategy.

[z1co] 08/3/2023 09:04

Smithie

Your above post is stating that you're very dense.

You don't have a clue about the company you clown.The company's revenue and profits are strongly H1 biased but they are trading much strongly in H2 this year hence the 2 upgrades this year.

Please do some research on the company before you start posting garbage.

[smithie6] 08/3/2023 08:49

..maybe they don't own a calculator that can divide by 3 & then multiply by 4 to give an annual number !!

------

2 x H1 PBT gives an expected PBT of £4 million.

so how they can claim that the annual PBT expectation is now higher.....at the reduced number of £3.6 million, when in reality it is notably below 2 x H1b(£4 million, 2 x £2million).

claiming that profit is up from last expectation looks to be complete bull*€#@ to be honest.

What has happened in H2 for the PBT to have fallen from £2 million to £1.6million.

25% fall in profitability !!
yet dirs say that profitability is up !!

too much spin from the dirs. phps ?

(while yes, the improvement from the prior year is very clear/real)

[boonkoh] 08/3/2023 08:46

£2m PBT at HY. £3m at end of Q3.Company is only guiding £3.6m for FY but given they have demonstrated that they tend to be conservative with their outlook, the momentum looks more like a £4-4.25m FY PBT.

[cheshire man] 08/3/2023 08:16

"Full-year results now expected to be ahead of recently increased market expectations":-))