Time Finance Share Discussion Threads

[doobz] 24/9/2024 08:13

Big day tmrw , all signs pointing
To a decent rns

[owenski] 19/9/2024 18:59

someuwin, thanks

[gswredland] 19/9/2024 17:05

Interesting
Thanks for posting that

[someuwin] 19/9/2024 12:04

Good example of how Time win so much business. High street banks just aren't flexible enough to compete.

New Asset Finance Deal Alert! 🚨

We supported this bus and coach hire business with a £250,000 Asset Finance Facility.

This company, known for providing a reliable service of buses and coaches to their clients, had just landed a major new contract. To fulfil the new contract, the business needed to acquire an additional two new coaches.

✅ Given the immediate need for the assets, our team worked around the clock with the client to finalise the deal within 48 hours, allowing the business to receive the coaches in time for the start of their new contract. We structured the deal with a minimal deposit and a 3-month VAT deferral which will help to reduce upfront costs.



hxxps://x.com/time_finance/status/1836309522136113179

[davidosh] 10/9/2024 10:38

Time Finance will be meeting investors and presenting at our two day Mello conference on the 19th and 20th November in Derby

[rivaldo] 10/9/2024 09:41

Completely agreed re prior posts - a very pleasing update today.

Cavendish's forecast of 5.4p EPS this year is predicated on a mere 5% increase in revenues (Cavendish haven't yet issued a new note today).

If the current 20% revenue growth rate is continued, or even drops to say 10%, then their forecasts are likely to be well beaten to say the least.

[boonkoh] 10/9/2024 07:15

Growth continues... Even looking at NTA, last year (FY24) it grew 18% YoY.This Q1, the growth rate is an annualised 19.5%. Momentum is still strong.Its currently just a big ol' money printing flywheel. And not just "growing revenues with no profits", but actually contributing to increasing NTA. The best kind.(I hold in the Boon Fund)

[hastings] 10/9/2024 06:09

All continuing to go well here.Looking forward to speaking with management again later this month."Trading in the current financial year has started strongly as the Group continues to deliver on its four-year medium-term plan that was first announced in June 2021. At 31 August 2024, the unaudited value of the Group's Net Tangible Assets reached a record high standing in excess of £40m. Additionally, the Group achieved record monthly revenues during July 2024, and then again in August 2024, as it continues to benefit from the focus on own-book lending. Unaudited revenues during Q1 FY2025 were approximately 20% higher than the prior year equivalent (Q1 FY2024: £7.6m), providing significant confidence as to delivery of full year performance in line with market expectati

[someuwin] 03/9/2024 19:13

Time Finance announces Senior Management Team Role Changes

[boonkoh] 27/8/2024 07:38

"I look forward to updating everyone on our progress with regards to this new scheme and our other achievements in more detail following our results publication in September."The word "our achievements" is rarely used and probably is a deliberate choice of words meaning something of meaning has been done. Maybe record lending book again....

[hastings] 27/8/2024 07:04

Looking forward to the update next month, as outlined in this mornings news.Should be speaking with management then, so will no doubt add another write up for interest.

[rivaldo] 13/8/2024 08:02

Nice rally this week. Haven't seen any tips so must be general buying interest and a lack of sellers.

Hardly surprising as it's still very good value imho.

[hastings] 09/8/2024 05:54

Personally can't see Interest rates dropping substantially and in any case, the company is a different proposition than it was a few years ago. Each to their own of course and I respect your view, but personally happy to hold. Particularly given my entry was circa 20p.

[arthur_lame_stocks] 09/8/2024 05:49

The main reason I think profit may well fall over the next couple of years is interest rate risk.

[hastings] 09/8/2024 05:31

Cash is being reinvested into the business to drive growth, hence thus far no dividend.What reasons have you identified to suggest profit will be hit in the next couple of years?

[arthur_lame_stocks] 08/8/2024 23:46

I have a couple of concerns about investing in TIME again.

Firstly, as far as I can see it doesn't really generate much cash for shareholders.

Secondly, I wouldn't be surprised if reported profit actually fell quite sharply over the next couple of years.

[doobz] 08/8/2024 20:18

Definitely should be higher than 47p now haha, block out the noise nothing to worry about here

[rivaldo] 07/8/2024 13:43

FYI the latest from Mark Watson-Williams of Master Investor (from 1st August):

"Time Finance (LON:TIME) – Looking Forward To Its Finals Next Month

This finance group’s shares, which touched 55p in the middle of July, are currently trading at just 51.55p, at which level I rate them as being ready for another upward push.

It considers that its purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.

The company offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance.

While focussed on being an ‘own-book̵7; lender, the group does retain the ability to broke-on deals where appropriate, enabling it to optimise business levels through market and economic cycles.

I look forward to the group publishing its audited final results and its Annual Report and Financial Statements for the year to 31st May 2024 on Wednesday 25th September.

In its Trading Update, issued on Thursday 27th June, the company gave guidance of a 20% increase in revenues to £33.0m (£27.6m) and a 38% improvement in pre-tax profits of £5.8m (£4.2m), while noting that its gross lending-book was up 18% to £200m at the end of May (£170m).

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 a Price Objective of 71p on this group’s shares.

He looks for the current year to end May 2025 to increase total revenues to £34.5m, with adjusted pre-tax profits of £7.2m, worth 5.8p per share in earnings.

These shares should be trading a lot higher than the current 51.55p, especially considering its profit growth potential."

[davidosh] 18/7/2024 18:33

I thought the FD was excellent on the Mello show two evenings ago...all metrics and key data moving in the right direction. Management certainly give you confidence as an investor.

[davr0s] 18/7/2024 18:03

Yes like wise. Have tried to remove him from all my feeds. Very emotional and excitable individual - precisely what you don't need in investing imo

[owenski] 18/7/2024 17:46

Not a fan of JW, but that was a good 20min webcast with a lot of detail from the CEO on all aspects of the business. Good quality management too IMO.

[davr0s] 18/7/2024 17:37

Nice move - I'll be keeping my position until things change. 2nd biggest position for me now

[smithie6] 18/7/2024 17:34

probably go higher tomorrow after this evening's presentation (correction: the presentation was 3 days ago, on Monday after the market had closed. oops !: my excuse for being half asleep ?, perhaps due to being busy with the Wall St index today, nice to be on the right side of the movement for once ! :-) , managed to turn £X in to £3X. :-). ...ok, it had started out as £3X a few days before !, so back to where it was !! )

...but I couldn't resist the notable % gain in a short time, so I've bagged the profit.
Now, just need to find another share to do a quick rise of the same 20-25% !

(if the prices ever dips I might be back, but a share price dip seems very unlikely)

[nakedmolerat] 18/7/2024 15:06

probably following on from Justin's video, this is such a solid company why wouldnt investors want to be a part of it

[the oak tree] 18/7/2024 14:36

Sorry I can't add anything of note, but just like to say what a great tick up today from a large buyer mid afternoon. Hasn't been this high since 2018. Feels like the share price is now chasing the performamnce of the company.

Onwards and upwards hopefully.