We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Time Finance Plc | LSE:TIME | London | Ordinary Share | GB00BCDBXK43 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 3.66% | 42.50 | 42.00 | 43.00 | 42.50 | 41.00 | 41.00 | 262,640 | 14:02:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 27.57M | 3.45M | 0.0373 | 11.39 | 39.32M |
TIDMTIME
RNS Number : 8675S
Time Finance PLC
09 November 2023
09 November 2023
Time Finance plc
("Time Finance", the "Group" or the "Company")
Trading Update
Full-year results 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 2023/24 financial year and confirms that the Company will provide a scheduled trading update in respect of H1 2023/24 on 20 December 2023.
Given this positive momentum year-to-date, which includes the lending book reaching a record high of approximately GBP180 million as at 31 October 2023 and arrears remaining static despite the wider macro-economic environment, the Board now has increased confidence that Group performance for the 2023/24 full-year will be ahead of current market expectations(1) . Profit before tax for the full year is now expected to be not less than GBP5.4m.
1. FY2023/24 market expectations as at the date of this announcement of GBP30.1m of revenue and GBP5.0m of profit before tax.
For further information, please contact:
Time Finance plc
Ed Rimmer, Chief Executive Officer
01225 474230
James Roberts, Chief Financial Officer
01225 474230
Cavendish Securities plc (NOMAD and Broker)
Ben Jeynes / Dan Hodkinson (Corporate Finance) 0207 220 0500
Michael Johnson / George Budd / Charlie Combe (Sales and ECM)
Walbrook PR
0207 933 8780
Paul Vann / Joe Walker
07768 807631
timefinance@walbrookpr.com
This announcement contains inside information.
About Time Finance :
Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs concentrating on asset, loan and invoice finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.
More information is available on the Company website: www.timefinance.com .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTBPBJTMTTMTLJ
(END) Dow Jones Newswires
November 09, 2023 02:00 ET (07:00 GMT)
1 Year Time Finance Chart |
1 Month Time Finance Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions