Time Finance Share Discussion Threads

[arthur_lame_stocks] 12/11/2024 08:35

They borrow money from Natwest and lend it on taking a margin, It's only really staff costs that absorb increased cash in the short term so staff numbers might be worth paying attention to.

[joe say] 12/11/2024 08:32

Precisely - it part funds the leasing deals it makes, borrowing the remainder.

It's therefore arguably a good sign to see cash at or around Nil as it is then maximising its benefit

[shanklin] 12/11/2024 08:28

What do you expect to happen to net cash when TIME has a fast growing loan book?

[edmate] 12/11/2024 08:26

It's very important agreed. I'd like to see more cashflow generation and residual cash sat on the balance sheet for liquidity. There's hefty retained earnings for acquisitions, dividends and such however

[arthur_lame_stocks] 12/11/2024 08:15

Isn't cash King?

[edmate] 12/11/2024 08:10

Agreed. It's not a particularly cash generative company. It is however an earnings generating machine...

[arthur_lame_stocks] 12/11/2024 08:09

Because they never generate anyt5hing like as much cash for shareholders as they report in profit.

[edmate] 12/11/2024 08:06

Arthur_lame can you advise why we should pay particular attention to cashflow statement? I do anyway but what's your reason for highlighting that specifically in your post?

[arthur_lame_stocks] 12/11/2024 07:59

I'd urge caution with interest rates appearing to have peaked for the time being and also recommend you pay particular attention to the cashflow statement.

[someuwin] 12/11/2024 07:55

Cavendish today...

"Time Finance (TIME): CORP Timely earnings upgrade Time has released a positive trading update which shows that momentum has continued into FY25E. The Company continues to grow the lending book to record sizes and generate record revenues. As ever, the quality of the book has not been lessened to achieve this growth. In-line with guidance, we have upgraded our FY25E revenue forecast by 2% to £35.1m, which feeds through to a 5% upgrade at the FY25E PBT and EPS level. Its valuation continues to look compelling trading on a FY26E Basic P/E of just 8.8x and FY26E P/TNAV of 1.1x. We reiterate our 1-year price target of 112p, representing nearly 100% upside."

[chester9] 12/11/2024 07:51

By implication margins are up on LY and/or costs are being held tight. Probably both it's the benefit of scale. Ed reads and responds. Many more could learn from his promptness.

[hastings] 12/11/2024 07:46

PBT has moved to £7.2m from £6.9m in this mornings broker note

[njb67] 12/11/2024 07:31

The last set of guidance I recall was £34.5m revenue and £6.9m PTP, so this is effectively re-affirming that guidance. It is ahead of the last guidance, yes, but not materially. Positive news nonetheless.

[hastings] 12/11/2024 07:19

Excellent announcement and perfectly timed. Should be speaking with management again on update day.

[doobz] 12/11/2024 07:09

All positive and ahead of expectations, never know with the market these days but this should undo the recent damage, if not instantly over the next few weeks.

[someuwin] 12/11/2024 07:02

Perfect riposte...

Trading Update

Full-year results now expected to be ahead of market expectations

Time Finance plc, the AIM listed independent specialist finance provider, announces that it has continued to enjoy positive trading momentum throughout the first five months of the 2024/25 financial year ("FY25") and confirms that the Company will provide a scheduled trading update in respect of H1 FY25 on Thursday 19 December 2024.

This positive momentum year-to-date includes record revenues, a lending book hitting new heights, and arrears remaining well under control. As a result, the Board now has increased confidence that Group performance for FY25 will be ahead of current market expectations1. Revenue and Profit Before Tax for FY25 are now expected to not be less than £35.1m and £7.2m respectively.

[edmate] 11/11/2024 16:58

That's exactly what I outlined. Hes delivering Roland Heads view who is his co-writer on stockopedia. In contrast to his own view on Friday with Paul Hill. If he knows nothing about the company why bother giving an opinion at all..

[joe say] 11/11/2024 15:10

Tbf Edmate I've just listened to the 20 second or so clip you refer to and he's only relaying a. n. other's views, expressing none himself and clearly saying he knows nothing about this company

[doobz] 11/11/2024 15:03

I wonder if the reaction today is solely due to this, I guess it’s essentially acting as a sell tip for some

[shanklin] 11/11/2024 14:30

Aah well, its a good opportunity for weak holders to be replaced by the more committed

[edmate] 11/11/2024 13:32

I rate Paul Scott but in his 28/09 weekly small cap value podcast following the TIME 25/09 results, he states that stockopedia writer Roland Head gave it an amber green rating with a reasonable valuation. Listen on acast 28/09 from 51.20 mins.

[...]

In contrast to his analysis Friday where he said he didn't like it at all.

Bit contradictory

[shanklin] 11/11/2024 13:25

Paul is an excellent analyst but when he and Graham Neary were both on Stockopedia, Graham almost always did the analysis of finance companies.

PS The only coverage on Stockopedia was after the interims, written by Roland, and GREEN/AMBER at 55p, I.e generally positive

[someuwin] 11/11/2024 12:40

Time presenting this Wednesday...

Shares Investor Evening (London) - LIVE EVENT - 13 November 2024

Wednesday 13 November 2024
Ashoka India Equity Investment Trust, Investment Evolution Credit, Pantheon Infrastructure and Time Finance

Join Shares and AJ Bell for an evening of investment inspiration and get to meet the decision-makers.

The event on Wednesday 13 November in London will include:

An opportunity for you to talk directly with the directors and ask your questions about the companies core strengths and their short and long-term business strategy

Meet fellow investors and share your investing experience

Complimentary drinks and refreshments

The following companies will be presenting:

...

18.00 - 18:30

Time Finance

James Roberts, FD - Time Finance (TIME)

Ed Rimmer, CEO - Time Finance (TIME)

[doobz] 11/11/2024 12:23

Interesting to see Paul and Paul not liking a stock that’s doing really well and very undervalued. That’s a hard ignore from me, not their cup of tea but hard to ignore Times performance. Also agreed they will do badly in a recession, but for a few years now people have been fear mongering a recession that simply isn’t coming. Everything’s fine, noise blocked out.