Time Finance Share Discussion Threads

[someuwin] 17/7/2024 06:06

Ed Rimmer CEO of Time Finance: I am Confident in Future Growth

[davidosh] 15/7/2024 13:39

Do not forget TIME are on the show tonight

oin us for a jam-packed MelloMonday tonight from 5:00pm with Stockopedia favourites Paul Scott and Mark Simpson both joining us on the BASH. The programme for the evening is as follows:

5:00pm Interview with Investor and Ex-Schroders Fund Manager, Iain Staples
5:30pm Company presentation from TEAM plc
6:00pm Company presentation from Velocity Composites
6:30pm Trading update from Time Finance
6:45pm Educational Presentation
7:00pm Company presentation from Coral Products
7:40pm BASH (Buy, Avoid, Sell, Hold) Panel featuring Iain Staples, Paul Scott (GMS) and Mark Simpson (CAU)

For more information, click here:
There are lots of interesting sessions and all annual pass holders and individual ticket holders will be sent a recording of the show within 48 hours of registering. For half price tickets, use code MMSTOCKO50.

[rivaldo] 15/7/2024 07:36

Tipped on Master Investor - "totally undervalued":



"Time Finance (LON:TIME) – Ideal ‘Money Machine’ Takeover Target?

Wow – just take a look at the share price graph over the last few weeks – does it have ‘takeover prey’ written against its profile?

Or is it a reaction to the end June Trading Update by the independent specialist finance provider?

For the year to end May it reported that it had delivered significant increases across its key performance indicators, with revenue and profitability ahead of market expectations.

When it reports its Final Results in September it is expecting to show a 20% increase in revenues to £33.0m (£27.6m), while going for a 38% increase in pre-tax profits of £5.8m (£4.2m), against an uplift of 18% in its gross lending book to £200m (£170m).

The company stated that the increase in revenue was primarily driven by the growth in both the Invoice Finance division and the ‘Hard Asset’ subset of the wider Asset division, both areas of which operate in the larger-ticket, more secured lending space, and they now comprise over 75% of the group’s entire lending book.

CEO Ed Rimmer stated that:

“I am delighted to provide this trading update in respect of Time’s full-year results which clearly demonstrate the ongoing success of the Group’s strategy.

To have delivered such growth, despite wider macroeconomic headwinds, is testament to the hard work of our team, to the clear focus on our strategy and the strong demand for finance from UK businesses which continue to prove remarkably robust.

What is especially pleasing is that the performance is based on maintaining appropriate margins, underwriting robustly and in keeping a wide spread of risk.

As a result, I am confident the Group is well positioned for future growth and in delivering further increased shareholder value.”

Analyst Andrew Renton at Cavendish Capital Markets has estimates for the current year to end May 2025 looking for revenues of £34.5m, adjusted pre-tax profits of £7.2m and 5.8p in earnings per share.

He has a Price Objective of 71p on the shares, which are currently 51.50p.

Despite the recent rise, the shares continue to be totally undervalued at this price, in my view."

[welsheagle] 09/7/2024 18:08

Positive article on 'Time finance' in Investor's Chronicle.

[doobz] 08/7/2024 22:37

Fully flying now

[melloteam] 07/7/2024 22:52

Just to let shareholders and prospective investors know that Time Finance will be presenting on the MelloMonday webinar on Monday 15th July 2024, starting at 5pm.
Get 50% off your ticket with code MMTADVFN50

[chester9] 04/7/2024 11:41

They are being tipped by several sources. It's a compelling story. Still cheap revenue forecast on stocko for FY25 is 34m which given 33m just delivered is extremely negative. 37m is my forecast, I hope they will exceed a good habit they have developed. PE 8 gets you share price 64. 33% upside as minimum.

[lennonsalive] 04/7/2024 11:12

Good size purchases today

[buckinghamshirelad] 04/7/2024 10:49

Yes - Sept will be the next bit of news...

[davidosh] 04/7/2024 10:48

TIME will be doing an update with Q&A on the MelloMonday show on the 15th July

[nakedmolerat] 04/7/2024 10:42

full year in sept, is that what you mean?

also q1 sept too?

[buckinghamshirelad] 04/7/2024 10:39

Morning all,
I have been watching these for some time and jumped in this morning. Good looking chart and solid figures - so I hope that results surprise on the upside, and the share price does the same thing too!

[smithie6] 04/7/2024 10:05

hopefully ~55p on the day of the results

which is not too many weeks away

[hastings] 04/7/2024 07:17

Looking very good this morning, hopefully more to come!

[doobz] 03/7/2024 21:28

I called 50-60 by year end, think we will be somewhere inside that or higher now. Well done all

[lennonsalive] 03/7/2024 20:05

Next stop 50p!

[harrywilliam] 03/7/2024 17:04

I bought back in this morning as retrace doesn't look like happening

[gswredland] 03/7/2024 16:45

Thanks Rivaldo

[smithie6] 03/7/2024 15:24

..and hopefully Harrywilliam & any others that paid 38p just days ago have now finished selling a % to bag any quick profit. Which imo might have been holding the price back a little; although the dirs buy & being tipped perhaps outweighs all other factors.

Onwards & upwards.

(& c'mon MFX, ..you've had a long rest, it's now time to get back in the game !!)

[rivaldo] 03/7/2024 08:41

TIME are featured on the latest Investors Champion podcast, described as just "so cheap", "fantastic value" and a "Bonkers Bargain" - listen from just over 30 mins in:

[owenski] 03/7/2024 07:15

And buying at current levels, quite encouraging.

[rivaldo] 03/7/2024 06:43

Agreed - and the CFO is adding to an already substantial holding and now owns 637,488 shares.

[chester9] 03/7/2024 06:14

Well done always good newsJames Roberts, Chief Financial Officer of the Company, purchased 22,482 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") on that same day at a price of 43.3 pence per share.

[hedgehog 100] 30/6/2024 14:08

For more 'fun' of this kind, please see the following NWT thread, where Smithie has just lost another contest of this type, again involving MFX -

"Newmark Security in 2023: A Transformed Tech & USA Success Story"