Time Finance Share Discussion Threads

[nakedmolerat] 25/3/2024 16:56

a few sellers buying in advance this morning and a few leaving leaving by the back door

[davidosh] 24/3/2024 13:51

Only a couple of days to go...

Time Finance plc, the AIM listed independent specialist finance provider, announces that the Group will provide a detailed trading update in respect of the financial year to 31 May 2024 ("FY24") on 26 March. The FY24 trading update will fully incorporate nine months of Group trading to 29 February 2024.



With continued strong demand from businesses across the UK for the range of alternative finance products that the Group offers, and with positive trading momentum continuing throughout December, January and February, the Board has confidence that FY24 Revenue and Profit Before Tax ("PBT") will now be not less than £31.5m and £5.7m respectively, each ahead of latest market expectations(1).





(1) Current market expectations at the date of this announcement are of FY24 revenue of £30.8m and FY24 PBT of £5.4m.

[smithie6] 24/3/2024 12:07

Rimau1

TIME vs MFX

I think you must have read my post upside down !

Because I make "no claims at all" in my post about the significance of my post !!

[rivaldo] 22/3/2024 10:44

Good to see the long-term upward trend on the chart continuing again.

[chester9] 21/3/2024 16:00

Surely it's a mistake?

[chester9] 21/3/2024 15:59

Sorry James Robert's has 615k

[chester9] 21/3/2024 15:58

If sales then only Arena, GPIM, Ronald Russell and Time employee trust have that many shares

[horridhenry] 21/3/2024 15:55

21-Mar-24 15:53:21 39.00 685,000 Sell* 267.15k O
21-Mar-24 15:45:14 39.00 685,000 Sell* 267.15k


whats that all about ?

[gswredland] 15/3/2024 16:05

Thanks for posting Rivaldo.Good to see you onboard here
Not long to go till the 26th....

[rimau1] 14/3/2024 19:30

I think you are overstating the significance of your post Smithie6

[smithie6] 14/3/2024 15:01

((as a small aside

X weeks ago I posted a challenge, just for fun, between TIME & MFX shares to see which would rise the biggest % by the end of June.
To begin with TIME went in to the lead, but now after a great 4 days this week for MFX, the current race leader is surely MFX.
But the race end date is the end of June, so still a good amount of time to go.
And best wishes to all & any shares for money lending companies. May the market smile on them all)).

[rivaldo] 11/3/2024 09:04

Nice coverage on Master Investor:



"Time Finance (LON:TIME) – Ready To Tick Higher

We now know that the full year results from this independent specialist finance provider will be better than market expectations.

We will have to wait until the Bath-based asset, loan and invoice finance company issues its Trading Update, covering the nine months to end February this year, which is due to be published on Tuesday 26th March.

Analyst Andrew Renton at Cavendish Capital Markets was previously looking for the year to end May 2024 to show total revenues up from £27.8m to £30.8m, upon which he expected to see adjusted pre-tax profits improve from £4.4m to £5.7m, lifting earnings up to 4.6p (3.7p) per share.

For the coming year he was forecasting £33.1m revenues, £6.7m profits and earnings of 5.4p per share.

However, after the 26th I wonder whether he will be upgrading his estimates?

The group’s shares have been up to 44p, that was in late February, since when they have dipped to 36p before picking back up to 39.5p by last night.

These shares are cheap and take little account of the £37m capitalised company’s growth potential in the price."

[misterd1] 05/3/2024 12:33

And trading on such a low multiple too!

I guess credit risk is the area to watch closely here - but so far, so good

[davidosh] 05/3/2024 10:22

Worth noting that the uplift in revenues of £700k has yielded at least £300k of additional profit based on the previously upgraded forecasts....and still three months of the year left to improve on those as it states 'not less than'

[arthur_lame_stocks] 05/3/2024 09:12

Does anyone know what effect falling interest rates might have on profit?

[rivaldo] 05/3/2024 07:29

Indeed - yet again!

Great stuff:

"With continued strong demand from businesses across the UK for the range of alternative finance products that the Group offers, and with positive trading momentum continuing throughout December, January and February, the Board has confidence that FY24 Revenue and Profit Before Tax ("PBT") will now be not less than £31.5m and £5.7m respectively, each ahead of latest market expectations(1).

(1) Current market expectations at the date of this announcement are of FY24 revenue of £30.8m and FY24 PBT of £5.4m."

[hastings] 05/3/2024 07:07

Excellent news with both revenue and PBT ahead of previously upgraded numbers.Full TU to follow.

[davr0s] 26/2/2024 17:50

You are just fitting a narrative to price imo. I know my exit and profit point and try to ignore everything else in between - otherwise you can end up tieing yourself up in knots

[nakedmolerat] 26/2/2024 12:12

so here we are again at the 40p point, i wonder if the market is feeling this price is fair. even though I feel its worth more

[hedgehog 100] 25/2/2024 12:34

someuwin 28 Apr '23 - 15:03 - 182 of 539 0 1 0
"Reading about Barclays in The Times...
"Barclays profits hit 12-year high after surge in interest rates"
Says that lenders are being boosted by rate rises being pushed through by the Bank of England. This is enabling commercial lenders to increase their net interest margins.
If so, has to be good for TIME too."



TIME was flagged up on an ADVFN NWT thread last month, so I have taken a quick look.

The obvious point to me (although I haven't noticed anyone else on this thread make it) is that higher interest rates are just a pretty temporary benefit to lenders.

As the overall trend in inflation is expected to continue falling back to the 2% target.

With interest rates therefore likely to follow suit.

This surely represents a significant headwind for TIME to battle against, which won't help investor sentiment towards it, and likely helps to explain its low rating.

Moreover, the banking-lending sector isn't seen as a growth sector, and has also sometimes been quite risky.

[chris moja] 22/2/2024 13:01

According to the MasterInvestor blog "It is well worth noting that Cavendish Capital Markets currently have a Price Objective out on the shares at 71p"

[the oak tree] 22/2/2024 12:31

Im not normally one for charting but closing above 40 I think has been very important for us.

There is bound to be a pull back as some pooint in the short term but med and longterm it appear good.

Results ofcourse is everything.......

[doobz] 22/2/2024 10:01

Hi Smithie 7p more now :)

[smithie6] 22/2/2024 09:47

Well done for shareholders, strong price action in recent days/weeks.

(I'm still sitting with my holding in a different share in this general financial sector)

(This sector for lending out money is underpriced by the mkt imo, including the big banks)