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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% | 40.25 | 136,450 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 39.50 | 41.00 | 40.25 | 40.25 | 40.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 27.57M | 3.45M | 0.0373 | 10.79 | 37.24M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:26:13 | O | 55,000 | 39.55 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/4/2024 | 15:40 | ALNC |  IN BRIEF: Time Finance agrees deal to extend existing finance facility |
| 03/4/2024 | 07:00 | UK RNS | Time Finance PLC Extended & Improved £64m Funding Facility |
| 26/3/2024 | 12:46 | ALNC | EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal |
| 26/3/2024 | 07:00 | UK RNS | Time Finance PLC Q3 Trading Update |
| 05/3/2024 | 20:57 | ALNC | IN BRIEF: Time Finance says profit will outperform market expectations |
| 05/3/2024 | 07:00 | UK RNS | Time Finance PLC Notice of Trading Update |
| 25/1/2024 | 18:16 | ALNC | EARNINGS: Ace Liberty swings to loss, CC Japan beats benchmark |
| 25/1/2024 | 07:00 | UK RNS | Time Finance PLC Interim Results |
| 18/1/2024 | 16:30 | UKREG | Time Finance PLC Holding(s) in Company |
| 19/12/2023 | 17:52 | ALNC | EARNINGS AND TRADING: Time Finance revenue up; Libertine loss narrows |
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 |
|---|---|---|---|
| 14/4/2024 | 17:33 | Time Finance PLC | 585 |
| 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 |
|---|---|---|---|---|
| 11:38:44 | 39.55 | 55,000 | 21,752.50 | O |
| 11:38:35 | 39.50 | 55,000 | 21,725.00 | O |
| 11:26:14 | 39.88 | 10,678 | 4,258.39 | O |
| 11:25:03 | 41.00 | 12,500 | 5,125.00 | O |
| 08:03:32 | 40.93 | 3,272 | 1,339.07 | O |
| Top Posts |
|---|
Posted at 18/4/2024 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 40.25p.Time Finance currently has 92,512,704 shares in issue. The market capitalisation of Time Finance is £37,236,363. Time Finance has a price to earnings ratio (PE ratio) of 10.79. This morning TIME shares opened at 40.25p |
Posted at 31/3/2024 11:47 by red ninja Update from Investor's Champion paid for tip site :-Trading update for 9 months ended 29 February 2024 (26/03/24) Continued strong demand from UK businesses for the Group's multi-product offering is driving further growth in own-book lending origination which has contributed to a record gross lending book of more than £190m at the end of February 2024. That’s the eleventh consecutive quarter of loan book growth for Time Finance. For the 9 months revenue is up 20% to £24.0m and pre-tax profit 40% higher at £4.2m, surpassing the level achieved for the whole of the previous year. Revenue continues to be driven by strong growth in the larger-ticket, more secured lending areas of Invoice Finance and the 'Hard Asset' subset of Asset Finance. Despite the very strong growth it is reassuring that net arrears remain unchanged at 6% of the gross lending book at 29 February 2024. Net Tangible Assets at the period end rose 14% to £37.6m. Full-year results are anticipated to be “at least in line with the market expectations” as upgraded on 5 March 2024. Broker forecasts Following the trading update covering the 9 months to the end of February (see above), the house broker upgraded forecasts for the year ending May 2024 for revenue by 2% to £31.5m, pre-tax profit by 6% to £5.7m and earnings per share by 6% to 4.6 pence (growth 31%). For May 2025 forecasts remain for revenue of £33.1m, pre-tax profit to £6.3m and earnings per share of 5.1 pence (growth +11%). As anticipated Time Finance appears to have ridden out the Covid storm through its multi-product lending offering and the flexibility of its business model. 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 39p (initially 17p) the market capitalisation is still a lowly c£36m, a c5% discount to net tangible assets at 29 February 2024 of £37.6m, 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 8.4x forecast earnings for the year to May 2024. 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 6.5x. 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 25/2/2024 12:34 by hedgehog 100 someuwin 28 Apr '23 - 15:03 - 182 of 539 0 1 0"Reading about Barclays in The Times... "Barclays profits hit 12-year high after surge in interest rates" Says that lenders are being boosted by rate rises being pushed through by the Bank of England. This is enabling commercial lenders to increase their net interest margins. If so, has to be good for TIME too." TIME was flagged up on an ADVFN NWT thread last month, so I have taken a quick look. The obvious point to me (although I haven't noticed anyone else on this thread make it) is that higher interest rates are just a pretty temporary benefit to lenders. As the overall trend in inflation is expected to continue falling back to the 2% target. With interest rates therefore likely to follow suit. This surely represents a significant headwind for TIME to battle against, which won't help investor sentiment towards it, and likely helps to explain its low rating. Moreover, the banking-lending sector isn't seen as a growth sector, and has also sometimes been quite risky. |
Posted at 29/1/2024 11:22 by smithie6 mpearson5 wrote"Time up 80% over past year , MFX down 5% over same period Pays ya money ,takes ya chance !" My response Oct. '22 to now MFX. 8p to 19.5p. +144% TIME. 16p to 40p. + 150% Almost identical growth in share price. For growth from now on we have to wait to see. (btw MFX owns 50.1% of Payment Assist Ltd, with an option to buy the rest for just 2 times profit. ;-) Payment Assist Ltd multiplied it's PAT by X3 in H1 versus the previous year, to be £2.4m/year. If it keeps growing then it's profit might soon be the same as that of TIME. ;-) TIME's growth can't compete with that). ;-) Btw the loan book at MFX is double the size of the loan book at TIME. Yet MFX has a lower cap. value. Maybe ST might tip it in 2025 ! ;-) |
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 26/1/2024 13:37 by smithie6 Eeza......will see what happens... .. previously TIME seemed to be hitting resistance at 34-37p area....which it has phps gone above now....but there is a chance it might hit resistance again...who knows, depends if the sellers of the last few months have any/many shares left to sell. (Each to their own but the TIME p/e looks expensive imo compared to the big bank shares ( I have just bought some NatWest today, @ 223p & initially in at ~183p ;-) ), ; Time shares are more expensive than Natwest due to Time's higher growth I assume. Other questions like risk/reward come in to it. Time's loan book is ~5 times it's NTAV so there is an element of risk involved, but that exists for all lenders. I guess that like any share the best thing to do it hold for 3-5 yrs, to get the real benefits. Still confident that MFX will outperform Time by the end of June, although Time is winning at the moment. |
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) |
Posted at 23/12/2023 11:53 by red ninja Investor's Champion paid for tip website update on trading update :-Trading update for 6 months ending 30 Nov 2023 (09/12/23) Own-Book lending origination rose 29% to £47.2m, while the overall lending-book has climbed 11% to a mid-point record of £188.5m since the 31 May financial year end and is 23% higher from a year earlier. The increased size of the lending book is driven by Invoice Finance and the 'Hard' subset of Asset Finance. These two products, being typically larger ticket and more secured in nature, have accounted for approximately 80% of new deal volume originated in the first half, and make up over 70% of the total lending book at 30 November 2023. The strong growth in the lending book supported a 19% increase in revenue to £15.7m and 35% increase in profit before tax to £2.7m for the 6 months. Significantly, the increase in the lending book has been achieved without compromising on quality, with net arrears stable at 6% of the lending book, in-line with the previous period. Net tangible assets rose 6% to £36.4m since the May financial year-end, which compares to the current market capitalisation of £33.3m (share price 36 pence). Trading for the full year ending 31 May 2024 is anticipated to at least in line with recently upgraded market guidance (see Broker forecasts below). Broker forecasts For the year ending May 2024 forecasts remain for revenue of £30.8m, pre-tax profit of £5.4m (+28%) and adjusted earnings per share of 4.4 pence (+26%). For May 2025 forecasts are for revenue of £33.1m, pre-tax profit to £6.3m with adjusted earnings per share 5.1 pence (+16%). As anticipated Time Finance appears to have ridden out the Covid storm through its multi-product lending offering and the flexibility of its business model. 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 36p (previously 17p) the market capitalisation is still a lowly c£33.m, a c9% discount to net tangible assets at 30 November 2023 of £36.4m, 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 8x forecast earnings for the year to May 2024. 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 6x. While the shares have had a good run in 2023 to date, 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 07/12/2023 13:01 by someuwin 06 DEC 2023Time Finance is pleased to welcome Tracy Watkinson as Non-Executive Director. Tracy, who has held a number of board-level positions, has been appointed to the Time Finance board to support the delivery of its long-term growth strategy. With over 20 years’ experience in the finance sector, Tracy has built a credible career in banking delivering change transformation and working in number of senior roles for major financial institutions such as Barclays, UBS and Credit Suisse. Tracy is currently COO of Finance at NatWest Group. Speaking of her appointment, Tracy comments: “I am delighted to be joining the Time Finance board; the business is clearly on an exciting journey and I look forward to adding value from my own experience to help the team in delivering its next trajectory of growth.” The AIM-listed alternative finance provider specialises in the provision of funding solutions to over 11,000 UK businesses seeking to access the finance they need to realise their growth plans. UK Businesses can take advantage of Time Finance’s extensive portfolio comprising: Asset Finance, Invoice Finance, Business Loans and Asset Based Lending. As well as Tracy’s appointment, Time Finance recently welcomed Paul Hird to its Board as Non-Executive Director. Ed Rimmer, Chief Executive Officer at Time Finance, added: “Tracy is a great appointment for Time Finance. Her expertise within the corporate banking sector, as well as her change management experience and enthusiasm to deliver our strategic vision will prove invaluable. We look forward to working together.” In its latest financial results for the year ending 31st May 2023, Time Finance celebrated reaching a lending milestone of £169million in funding delivered to UK SMEs, an 18% increase over the last 12 months. |
Posted at 01/7/2023 11:16 by red ninja Investor's Champion website (paid for tip site) comment :-Trading update for the year ending 31 May 2023 (29/06/23) The results for the year reflect the success of the Company’s continued focus on own-book lending to UK businesses, with the Lending Book reaching an all-time high of c£169m at 31 May 2023. Own-Book lending origination rose 14% to £73.4m supporting a 16% increase in revenue to £27.4m and 273% increase in pre-tax profit to £4.1m (margin 15%). Earnings per share rose 250% to 3.5 pence. The significant increase in revenue has been driven primarily by growth in the Invoice Finance division and the ‘Hard Asset’ subset of the Asset division. Both growth areas operate in the larger-ticket, more secured lending space. There is strong visibility of future earnings with unearned income up 24% to £20.7m at 31 May 2023. The significant growth achieved during the year has been made whilst continuing to generate appropriate margins, control credit and spread risk. In recognition of this, net arrears reduced to 6% of the gross lending book at the year-end, from 7% at the prior year end. They have also prudently increased the Credit Risk Provision to £4.2m at 31 May 2023 (31 May 2022: £3.6m) Net Tangible Assets rose 11% to £33.9m which compares to the current market capitalisation of £26.4m (share price 28.5 pence). The group has unused lending headroom of approximately £50m at year-end. The update brought upgrades from the house broker which we cover below. Broker forecasts For the year ending May 2023 updated forecasts (following the June trading update covered above) are for revenue of £27.4m, pre-tax profit of £4.2m and adjusted earnings per share of 3.6 pence (+220%). For May 2024 forecasts have been upgraded to revenue of £30.1m, pre-tax profit to £5.0m with adjusted earnings per share 4.2 pence (+17%). The house broker has also issued forecasts for the year ending May 2025 for earnings of 5.3 pence. As anticipated Time Finance appears to have ridden out the Covid storm through its multi-product lending offering and the flexibility of its business model. 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. At the current share price of 28p (previously 17p) the market capitalisation is still a lowly c£26.4m, a c22% discount to net tangible assets at 31 May 2023, which has also been subjected to meaningful provisions. Despite the strong share price performance over recent months the PE multiple is a lowly 6.7x forecast earnings for the year to May 2024. 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 4.7x. While the shares have had a good run in 2023 to date, 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. |
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