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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 58.00 | 384,455 | 16:00:08 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 57.00 | 59.00 | 58.00 | 57.50 | 58.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 27.57M | 3.45M | 0.0373 | 15.55 | 53.66M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:46 | O | 75,000 | 57.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/10/2024 | 07:00 | UK RNS | Time Finance PLC Vesting of Option Awards |
| 03/10/2024 | 07:00 | UK RNS | Time Finance PLC Director share purchases |
| 02/10/2024 | 07:00 | UK RNS | Time Finance PLC Extended & Improved £65m NatWest Funding Facility |
| 26/9/2024 | 07:00 | UK RNS | Time Finance PLC Notice of AGM |
| 25/9/2024 | 14:52 | ALNC |  Time Finance posts strong results amid challenging market conditions |
| 25/9/2024 | 07:01 | UK RNS | Time Finance PLC Q1 Trading Update |
| 25/9/2024 | 07:00 | UK RNS | Time Finance PLC Final Results |
| 10/9/2024 | 11:30 | ALNC | IN BRIEF: Time Finance confident, as revenue up 20% in first quarter |
| 10/9/2024 | 07:00 | UK RNS | Time Finance PLC Notice of Results, Investor Pres & Trading Update |
| 27/8/2024 | 19:34 | ALNC | TRADING UPDATES: Shield Therapeutics lands Canada win; RUA revenue up |
Time Finance (TIME) Share Charts1 Year Time Finance Chart |
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1 Month Time Finance Chart |
Intraday Time Finance Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/10/2024 | 20:54 | Time Finance PLC | 760 |
| 26/4/2022 | 18:16 | TIME to get on board.... | 3,291 |
| 23/1/2018 | 13:40 | Clock! | 4 |
| 17/1/2011 | 07:55 | Time Travel - Does it exist ? | 1 |
| 06/8/2009 | 23:17 | It's the moment of a lifetime: 12:34:56 on the 7/8/9? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 12/10/2024 09:20 by Time Finance Daily Update Time Finance Plc is listed in the Electrical Machy, Equip, Nec sector of the London Stock Exchange with ticker TIME. The last closing price for Time Finance was 58p.Time Finance currently has 92,512,704 shares in issue. The market capitalisation of Time Finance is £53,657,368. Time Finance has a price to earnings ratio (PE ratio) of 15.55. This morning TIME shares opened at 58p |
Posted at 03/10/2024 11:53 by rivaldo Interesting interview with the CFO:Extracts: "We will reinvest the money back into the business,” said Roberts, “….our profit has improved because of the compounding effect – a bigger book means bigger profit […] and using our own generated revenue to lend-on to businesses means we pay less in financing charges and hopefully accrue greater future revenues – a snowballing effect.” "We could do with the share price being a bit higher,” said Roberts, “[…] we still think the company is undervalued by the market and has plenty more room to grow. […] We’ve increased profit by 40% this year, which is marginally ahead of our predictions, and just on a compounding basis, we expect this to increase more next year, so expect the share price to catch up with the true value of the business.” "The business is well-balanced between its two main pillars, Asset Financing and Invoice Financing with both growing at similar levels over the year to stand at approximately GBP90m and GBP68m respectively, which, explained Roberts, gives Time Finance a useful hedge against changes in interest rates either up or down, as both legs have an inverse relationship to one another with reference to the base rate." |
Posted at 27/9/2024 07:23 by rivaldo Commentary from Master Investor - TIME is trading at a "giveaway" price:"Today I follow-up on an old favourite of mine, Time Finance (LON:TIME), after yesterday’s Final Results for the year to end May. Revenue for the year was £33.2m, a 20% increase of £5.6m year-on-year, while the pre-tax profit was £5.9m, a significant uplift on the previous year (£4.2m). Chair Tanya Raynes stated that: "The Group's financial performance, over the third year of our four-year strategy, was particularly strong. Despite wider macro-economic headwinds, revenue, profit and earnings per share all saw double-digit growth, with revenue and profit ahead of market expectations. At the same time, the Group's Balance Sheet has continued to strengthen with the lending book and Net Tangible Assets hitting record highs at 31st May 2024 and growing further still through the current financial year. As a result, we remain confident in achieving the targets we set in our 2021 strategic plan." The Business Time Finance considers that its 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-on̵ Outlook Amidst the turmoil of the external economic and political environment, the group’s financial results for the year were above initial expectations, leaving it confident that of delivering another strong outcome. The strength of the balance sheet, together with its liquidity in the form of available operational debt facilities for lending and cash held, ensures that it is well-placed to take advantage of future opportunities over the short-to-medium term. CEO Ed Rimmer stated that: “Both from a financial and operational perspective I am very pleased with the performance of the Group. Great strides forwards have been taken in both of our core divisions - Asset Finance and Invoice Finance - which have seen significant increases in their lending books while, crucially, adhering to strong portfolio management and control. Our brand has continued to grow and be enhanced within our key introducer base and the focus on recruiting high-calibre staff has continued. The Group, therefore, remains very well positioned and there is real optimism in our ability to continue to increase shareholder value. With the changes made over the last three years to the business, including the people tasked with delivering our strategy, and the work we are doing to deliver growth in a more efficient way, I am confident we will continue to see the business deliver shareholder value.” Analyst View At Cavendish Capital Markets, its analyst Andrew Renton is estimating that the current year to end-May 2025 will show total revenues of £34.5m (£33.2m), while adjusted pre-tax profits could increase to £7.2m (£6.0m), lifting earnings to 5.8p (4.9p) per share. For the following year he sees £37.0m revenues, £8.3m profits and earnings of 6.8p per share. He is very confident that his estimates will be achieved and, accordingly, he has increased his Price Objective to 112p (71p) per share. In My View This £50m capitalised group’s shares are trading at only 54p, which I consider to be a ‘giveaway price’ and one not to be missed." |
Posted at 15/7/2024 08:36 by rivaldo 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." |
Posted at 30/6/2024 13:41 by hedgehog 100 Smithie6 - 21 Jan 2024 - 11:37:15 - 478 of 662 Time Finance PLC - TIME"I posted X days ago that I reckoned that the SME lending competitor to TIME, MFX, was a better investment & I gave numbers to support my claim. Just for fun let's have a little competition, MFX versus TIME over the coming months, to the end of June '24. Using mid prices. MFX 19p TIME 33.2p" Smithie6 - 27 Jun 2024 - 13:51:20 - 644 of 662 Time Finance PLC - TIME share price competition MFX vs TIME "X months ago I posted this idea/proposal, with the end of June as the end date. Let us see which share is winning. (end of June is at mkt close tomorrow Friday, not today) ...let us use the 20 day moving average price to get share price values, *1, noting that the share price for TIME has been moving about a bit. using mid prices was it the end of Dec. '23 as the starting point ? MFX. start 16.5p : end (1 day early) 19p 2.5p increase on 16.5p % increase = 15% TIME start 36.0p : end (1 day early) 41.5p increase of 5.5p on 36.0p % increase= 15% *1. except, will use current TIME share price since bounced from a dip, the 20 day MA would give an overly pessimistic/depresse CONCLUSION. A draw !!!! both +15% ! that is a big surprise. (I'm an MFX fan but its share price is currently well down on its maximum during the last 6 months, in part due to a complete lack of news flow. TIME is much better than MFX in producing info/newsflow to the mkt. MFX is controlled by a few big shareholders so imo the bod is not interested in devoting time to providing newsflow to the non-controlling shareholders & are instead hopefully busy trying to develop the co.)" Well I'm always up for a bit of fun, so please let me join in! The final s.p.s concerned, as at close of trading on Friday 28th. June 2024, were as follows:- MFX 19p = 0 change TIME 43.25p = +30.27% So well done to TIME on a cracking rise & win. Despite Smithie6 having the considerable advantage of being able to cherry pick the most favourable start and end dates for this contest. And a zero for a zero ... how very appropriate! But perhaps more concerning is Smithie's attempt to rewrite history with his made up b.s. in post 644 above. Look through Smithie's posting history, on both TIME & MFX, and you will see that he never said any such thing as he is now claiming. Goebbels himself would be proud. |
Posted at 29/6/2024 08:47 by red ninja Investors Champion (pay for tipsite) update on Time Finance dated 27/6/24Trading update for the year ended 31 May 2024 (27/06/24) TIME delivered significant increases across its key performance indicators, with revenue and profitability ahead of market expectations. Supported by Own-Book deal origination up 25% to £91.5m and 18% growth in the Gross Lending Book to £200m, revenue rose 20% to £33.0m and pre-tax profit was 38% higher at £5.8m. In a challenging environment this is impressive growth, ahead of expectations. The increase in revenue has been primarily driven by the growth in both the Invoice Finance division and the 'Hard Asset' subset of the wider Asset division. They are both areas which operate in the larger-ticket, more secured lending space, and they now comprise over 75% of the Group's entire lending book. There is strong future visibility of earnings with Unearned Income up 19% to £25.2m at 31 May 2024. Despite the big growth in the lending book, net deals in arrears reduced to 5% of the gross lending book while net bad debt write-offs halved to just 1% of the average lending book (FY 2022/23: 2%). Net tangible assets at the May year end were 13% higher at £38.5m, marginally greater than the current market capitalisation of £37m (share price 40 pence). Extended and enhanced funding facilities means they still had headroom in excess of £60m at 31 May 2024. Broker forecasts Following the trading update covering the 12 months to the end of May 2024 (see above), the house broker upgraded forecasts again. For the year ending May 2024 these are for revenue of £33m, pre-tax profit of £5.8m and earnings per share of 4.7 pence (growth 34%). For May 2025 forecasts were also lifted to revenue of £34.5m, pre-tax profit to £6.9m and earnings per share of 5.6 pence (growth +19%). With the significant government support packages no longer in place post-Covid, and with the ever-increasing economic challenges facing small businesses, access to finance will be a key priority for SMEs over the coming months and years. Bonkers Bargain appeal At the current share price of 40p (initially 17p) the market capitalisation is still a lowly c£37m, a c4% discount to net tangible assets at 31 May 2024 of £38.5m, which has also been subjected to meaningful provisions. Despite the strong share price performance over the past 12 months the PE multiple is a lowly 7x forecast earnings for the year to May 2025. Prior to the pandemic impacting returns, which pulled down earnings per share to 2.6p for the year ending May 2020, this business consistently delivered earnings of more than 6p and 6.8p in 2019 - net income of £6.35m. This equates to a normalised price earnings multiple of approx 6.6x. While the shares have had a good run over recent months, they remain well down on previous highs and this business continues to look ridiculously cheap on many levels. The Group's multi-product tailored offering to UK SMEs, its own-book lending strategy and its quality of service have become ever more appreciated by introducers and we struggle to believe the shares can remain at these lowly levels for much longer. If they continue to languish, an acquirer will surely pounce. |
Posted at 27/6/2024 15:36 by davidosh I think there are lots of companies that have done well compared with their share prices in 2023 but to be fair TIME has been ahead of expectations almost every single update for the past two years and so we are seeing a steady rerating and a lovely chart since September 2022.You cannot argue with 16p all the way to 44p now. Intercede are doing well and I held years ago when they were going nowhere. However if you are mentioning top performers in the last year then look no further than my largest holding RTC Group which has done six times share price growth and also paying a huge dividend but still only on about seven times this years eps. Makes up for the 30% of the portfolio that underperform or like Surface Transforms lose 95% of their value. |
Posted at 27/6/2024 13:51 by smithie6 share price competition MFX vs TIMEX months ago I posted this idea/proposal, with the end of June as the end date. Let us see which share is winning. (end of June is at mkt close tomorrow Friday, not today) ...let us use the 20 day moving average price to get share price values, *1, noting that the share price for TIME has been moving about a bit. using mid prices was it the end of Dec. '23 as the starting point ? MFX. start 16.5p : end (1 day early) 19p 2.5p increase on 16.5p % increase = 15% TIME start 36.0p : end (1 day early) 41.5p increase of 5.5p on 36.0p % increase= 15% *1. except, will use current TIME share price since bounced from a dip, the 20 day MA would give an overly pessimistic/depresse CONCLUSION. A draw !!!! both +15% ! that is a big surprise. (I'm an MFX fan but its share price is currently well down on its maximum during the last 6 months, in part due to a complete lack of news flow. TIME is much better than MFX in producing info/newsflow to the mkt. MFX is controlled by a few big shareholders so imo the bod is not interested in devoting time to providing newsflow to the non-controlling shareholders & are instead hopefully busy trying to develop the co.) |
Posted at 28/1/2024 12:18 by smithie6 Who knows ...Reward & risk. The loan book is ~5.5 X the NTAV of the company, that infers risk. Who knows how the mkt will value that risk. And also depends on the price of other shares for lending companies. Currently bank shares are at a p/e of around 5 perhaps. Makes TIME shares look a bit expensive phps at a p/e of ~8 for future EPS of ~5p. Previously the TIME share price repeatedly hit resistance at 36p. Will it hit resistance again ? X months ago the mkt was worried about a possible recession & bad debt increasing as a result (reducing the profit). This week for TIME the mkt is not worried about that. In X months time we don't know. I bought NatWest last week in preference to TIME, since the p/e for NatWest is notably cheaper. I hope that all shares of companies doing lending do well. I made some money in Time shares from ~28p to 35p) (...I have a chunky holding in MFX, also does lending to UK SMEs, & much cheaper than TIME. ~8 weeks till MFX annual results, fingers & toes are crossed !. MFX is up ~30% in last 2-3 weeks. :-). While Time is up a smaller ~13%. ;-) ) Pays ya money, takes ya chance. |
Posted at 25/1/2024 17:05 by smithie6 Congrats to Time shareholders. Growth & EPS are up & company expects to keep growing the loan book & profits.The % for bad loans is unchanged, which hopefully is a precursor for the same happening at MFX, hopefully, which also lends to SMEs in the UK. (In my , just for fun, competition between MFX & TIME share prices, TIME is out in the lead, so far. But the end date is the end of June, so some time to go yet) |
Posted at 15/1/2024 12:06 by smithie6 Valuation comparison of MFX Vs TIME---- MFX surely/phps has a bigger nett interest margin because it pays out a lower % because most of its money comes from depositors at the bank which is part of MFX. ...does anyone agree with me that MFX is under priced wrt TIME ? TIME. p/e. ~7-8, if my memory is correct MFX. p/e. 4.5 (If the p/e for MFX went from 4.5 to just 6 that would be an increase of 33% wrt the current share price) MFX has a loan book double the size that TIME has, yet TIME is valued at ~£31m vs only £20m for MFX !! Looks illogical imo. And MFX surely/phps has a bigger nett interest margin because it pays out a lower % because most of its money comes from depositors at the bank which is part of MFX. ...does anyone agree with me that MFX is under priced wrt TIME ? TIME. p/e. ~7-8, if my memory is correct MFX. p/e. 4.5 (If the p/e for MFX went from 4.5 to just 6 that would be an increase of 33% wrt the current share price) Loanbook Time £170 million (May '23) MFX. £343 million (@ end June '23) Loanbook per £ of cap. value TIME. 170/31= 5.5 MFX. 343 m/ 20m = 17.2 MFX wins that ratio by X3 !!!!!! ------ PAT per £ of cap. value TIME. £3.4m /£31m= 0.11 MFX. £3.8m (2 X H1)/20= 0.19 MFX is much cheaper. For £1 of shares at MFX one gets ~50% more PAT than at TIME. ---- Revenue TIME. 27.6m MFX 42.8m (2 X H1) Revenue per £ of Cap. Value TIME . 27.6/31= 0.89 MFX. 42.8/20= 2.14 MFX wins this ratio by miles, by >X2 ! --- Cost of funds TIME MFX. 3.4% (A low cost of funds is of course good since it has a major impact on profit) |
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