Time Finance Share Discussion Threads

[owenski] 11/11/2024 12:19

Just a further comment, I wonder sometimes whether these webcast noise makers should just stick to commentary about stocks they actually are up to date with. These people aren't gurus and often have some howlers in their own trading history.

I'll point out Paul Hill's enthusiastic ramping of SED and BELL to name just two out of many that are/were bargepoles, and anyone with a bit of business nous and able to glance at some basic financials could see this, but apparently not the 'experts'.

I like Paul Scotts financial analysis on a company, but even that is no guarantee of an outcome either way, and in this case, his info seem to be based back in the days of OPM rather than the current iteration of TIME, and when it was OPM, the business was low turnover with poor asset backing - lending cash to hairdressers to buy a hairdryer and coffee machine - awful businesses anyway. Paul Scott is useful for assisting in financial analysis but he also has a very mixed bag when it comes to his own investing track record.

Ian Smith took over and changed the structure of the business entirely, moving into new sectors with better assets and asset backing, he had an experienced understanding of the risks involved and how to de-leverage them.

The current managers have further developed and improved on this adding invoice financing - a growth area vertical with decent margins. It is just not the same business as when it was OPM.

There are always 'what ifs' with any investment, the question one must ask is - are the risks known and understood and what is one's own view of these risks.

TIME is performing and performing well, I haven't seen any reason why this will change. Always best to get educated and follow ones own research and not other people's commentary on Youtube.

[hastings] 11/11/2024 11:53

Not sure about selling being overdone, I'd say unwarranted!

[spig69] 11/11/2024 11:49

Selling seems overdone this morning. Quality business with quality management. I wish I had the funds available to buy some more at these levels. One share i'm happy to hold on to. Good buying opportunity in my eyes

[joe say] 11/11/2024 11:39

Yes that's an excellent point Denis and perhaps the most relevant (secured lending).

In fact one strategic goal of the new management team at TIME has been to increase the proportion of the secured book - an area they can claim success in.

Have to say I'm shocked at how such a low volume of trades can move the share price - perhaps those with £37k in their pockets right now may be tempted to reverse that fall.

[edmate] 11/11/2024 11:35

and also Paul Hill who holds Argentex which has tanked around 60% this year. (Apologies to anyone on here that holds AGFX).

[davr0s] 11/11/2024 11:24

Is this the same Paul Scott that use to go on drunken Twitter spats all night and had to withdraw (maybe he was removed?) from the platform. He has a large following who blindingly follow his lead but he also has a very mixed investment performance over the years. Whilst I'd prefer not to see the share price drop like this morning I think this will be just short term noise on the share price

[edmate] 11/11/2024 10:04

Agreed. Don't really think Lloy is a fair comparable..

[joe say] 11/11/2024 10:00

Its an argument but TIME is forecast to grow at 25% this year and 15% thereafter

To date they've had a record of outperforming forecasts.

The same cannot be said of LLOY which they quote

[edmate] 11/11/2024 09:49

Agreed Joe Say, it sounded to me like Paul Hill didn't know the old management had changed. That said, they did highlight the risk on this which I guess is valid point. Bad debt, arrears etc.

Also a recent article here that I wouldn't say is overpositive. May be another factor leading to a touch of negative sentiment and price drop..

[joe say] 11/11/2024 09:39

One negative they raised was the management - unless a new team had been appointed.

In the context of their argument - that indeed is the case with the CEO and chair both being appointed in 2021, and 2 non-executives since.

They also mention that lenders can pull finance - but the recent £65m facility from NatWest for example is a committed one.

Asset finance is undertaken using block facilities where the company commits some of its own money and then borrows the rest (under fixed rates once drawn and with no facility fee)

The other borrowings they have is CBIL's loans - which continue to be paid down.

Indeed as the board notes in the Annual Report - the funding risk they face is not being able to obtain funds during a period of growth should this be faster than expected (i.e. they would be held back - rather than having the rug pulled from under their feet)

[davidosh] 11/11/2024 09:36

I added as well. Time Finance are doing really well and in my top five holdings now. Their key metrics are constantly improving and extra funding is being acquired readily. TIME will be doing two presentations face to face at the Mello10 conference in Derby on the 20th November and hundreds of investors are going to be there....All welcome

[scottishfield] 11/11/2024 09:26

Added a few

[gswredland] 11/11/2024 09:21

Agree it is certainly working!

[owenski] 11/11/2024 09:20

They weren't criticising the business performance, they just didn't like the business model - a model which is working by the way.

[gswredland] 11/11/2024 09:17

I saw that. Currently can't see capital from banks being withdrawn as TIME is doing well
Price recovering now
However there is no doubt this is high risk

[someuwin] 11/11/2024 09:12

Its off a bit today because Paul Hill & Paul Scott aren't fans of the stock.

See 64.1 mins into this video.

[hastings] 11/11/2024 09:08

No idea, very odd. Unless some are reading the current absence of a TU compared to last year as a negative!Looks like an opportunity, given the last update and prevailing climate and prospects for the business.

[davidosh] 11/11/2024 09:01

Why is it off 8% this morning?

[someuwin] 06/11/2024 13:10

Time Finance eyes North West growth with new Birchwood office

Leading independent business finance provider, Time Finance, has launched new office premises at The Square at Birchwood Boulevard as the business looks to expand its asset finance services for SMEs across the UK.

Taking a five-year lease, Time Finance now occupies 4,593 sq ft of new office space in Birchwood where its 40-strong northern Asset Finance team will be based, relocating from its former premises in Warrington.

The move forms part of Time Finance’s long-term growth plan and closely follows the business’ financial results, which saw a 20% increase in turnover to £33.2m and a 41% rise in pre-tax profit to £5.9m for the year ending May 2024.

From its new offices, Time Finance will grow its Asset Finance services, helping businesses in sectors such as manufacturing, engineering, construction, recycling, transport, logistics plus bus and coach as well as the traditional soft asset sectors they have always supported. The office will also support the expanded delivery of Time Finance’s growing Asset Based Lending (ABL) service, through which businesses can access finance by using existing assets as capital.

Ed Rimmer, Chief Executive Officer at Time Finance, commented: “We are on a really exciting growth path as we reach more businesses, particularly SMEs, with our creative and flexible finance solutions. Being able to serve our growing portfolio of deals is reliant on investing in our teams across the UK, giving them strategically located offices from which they can provide an exceptional service for our network of broker partners. We’re very excited for the future in our new Birchwood premises; it is an important part of our own growth and that of our clients across the North West and beyond.”

Steve Nichols, Managing Director of Asset Finance at Time Finance, added: “Our relocation to Birchwood represents growth for our Asset Finance team as we seek to reach more UK SMEs, while also improving our connectivity and giving our team a reinvigorated space to deliver our services.

“Asset Finance is a valuable tool for businesses looking to access the equipment they need to grow, but when used alongside Time Finance’s other services as part of a multi-product solution, it allows businesses to access capital tied up in their existing equipment. We look forward to reaching even more businesses with our creative funding solutions as we grow in our new office.”

Time Finance specialises in the provision of funding solutions to over 10,000 UK businesses seeking to access the finance they need to realise their growth plans. As well as Invoice Finance, UK Businesses can take advantage of Time Finance’s extensive portfolio comprising: Asset Finance, Business Loans and Asset Based Lending.

[someuwin] 04/11/2024 14:11

Bought more today. Expect price to at least double from here in 2025.

[boonkoh] 04/11/2024 09:09

SP now fully recovered from Budget wobbles. Will it solidly break out above 60p and hold? (I hold in the Boon Fund)

[davidosh] 03/11/2024 13:01

Time Finance are certainly in a sweet spot and the large banks and funders are keen to give them the funds to do the work that high street banks once undertook.

[arthur_lame_stocks] 01/11/2024 20:31

You do realise they lend to very small businesses NatWest can't be bothered with?

[boonkoh] 01/11/2024 20:16

I think asset financing demand will take off next 12 months. All businesses now looking to see where they can replace humans with robots and machinery ahead of next April's blockbuster minimum wage rise...(I hold in the Boon Fund)