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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 | 0.0% | 36.00 | 221,104 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 35.00 | 37.00 | 36.00 | 36.00 | 36.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 27.57M | 3.45M | 0.0373 | 9.65 | 33.3M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:13:57 | O | 10,000 | 36.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2023 | 07:00 | UKREG | Time Finance PLC Exercise of Options & Director/PDMR Shareholding |
| 15/11/2023 | 12:54 | UKREG | Time Finance PLC Change of Nominated Adviser & Corporate Broker |
| 09/11/2023 | 14:28 | ALNC |  IN BRIEF: Time Finance shares jump as it celebrates strong trading |
| 09/11/2023 | 07:00 | UKREG | Time Finance PLC Trading Update |
| 07/11/2023 | 11:45 | UKREG | Time Finance PLC Result of AGM |
| 23/10/2023 | 07:31 | UKREG | Time Finance PLC Director Share Purchase |
| 19/10/2023 | 06:00 | UKREG | Time Finance PLC Director Share Purchase |
| 11/10/2023 | 06:00 | UKREG | Time Finance PLC Director Share Purchases |
| 03/10/2023 | 06:00 | UKREG | Time Finance PLC Director/PDMR Shareholdings: Vesting of Options |
| 27/9/2023 | 07:30 | UKREG | Time Finance PLC Notice of AGM |
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 |
|---|---|---|---|
| 01/12/2023 | 14:59 | Time Finance PLC | 413 |
| 26/4/2022 | 17:16 | 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 | 22:17 | 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 |
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| Top Posts |
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Posted at 02/12/2023 08:20 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 36p.Time Finance currently has 92,512,704 shares in issue. The market capitalisation of Time Finance is £33,304,573. Time Finance has a price to earnings ratio (PE ratio) of 9.65. This morning TIME shares opened at 36p |
Posted at 28/11/2023 10:32 by lennonsalive We have a couple of dates that might improve the share price Mello event Trading update December |
Posted at 21/11/2023 19:47 by doobz Been sat on this since the early 20ps, think its now my most confident holding. not much going against it and its been a long time coming this breakout. said a few times this will multi and it certainly looks ripe. Nervously took a lot more around 30p but those days could be well behind us soonI know this is over simplistic but the share price was over 60p in 2017 where they reported Revenue - 16.9M Profits - 4.3 M considering we are delivering way above this now and the share price is in the 30s, gives you a good idea of how undervalued we still are |
Posted at 21/11/2023 08:52 by smithie6 ..strange old world..... unusually strong share price movement here. ----- New shares created to fulfil dirs options, good % sold to pay tax etc & mkt just ate up those sales. |
Posted at 09/11/2023 07:09 by someuwin 09 November 2023Time 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. |
Posted at 29/9/2023 10:13 by red ninja Results for the year ending 31 May 2023 (28/09/23)Revenue for the year ending 31 May 2023 climbed 17% to £27.6m while profit before tax soared 281% to £4.2m with earnings per share up similarly to 3.7 pence. Own-Book deal origination increased 14% to £73.4m lifting the period end Lending book to £170.1m, an increase of 24%. This lifted the ratio of own-book lending to broked-on lending to 96% vs 4% during the year, up from 87% vs 13% in the prior year. The Invoice Finance division saw lending increase 30% over the previous year to £56m and the "Hard Asset" offering within the Asset Finance division was up 55% to £62m. The non-core consumer mortgage brokerage was offloaded in the period. The Group closed the period with unused lending headroom of approximately £50m. Net Tangible Assets at 31 May 2023 were up 12% to £34.2m. Trading update for 1st quarter Own-Book lending origination in the first quarter of the current year rose 29% to £20.2m helping to lift revenue 21% to £7.6m. Profit before Tax was 44% higher at £1.3m. The lending-book has increased 3% to £175.8m since the May 2023 year-end with net arrears remaining stable at 6% of the gross lending book. Net Tangible Assets also continue to increase; up 3% since year-end to £35.2m and up 13% from 12 months prior. Broker forecasts For the year ending May 2024 updated forecasts are for revenue of £30.1m, pre-tax profit of £5.0m (+19%) and adjusted earnings per share of 4.0 pence (+14%). For May 2025 forecasts have been upgraded to revenue of £33.1m, pre-tax profit to £6.3m with adjusted earnings per share 5.1 pence (+27%). 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 c25% discount to net tangible assets at 31 August 2023, 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 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. |
Posted at 29/9/2023 09:39 by smithie6 I've just posted over the MFX msg board, comparing Time with MFX.So, I'll post it here as well. ---- "... interesting LSE:time Comparing Time with MFX, the MFX loan book is more than double that at Time, whose business is lending to SMEs. Both businesses make ~£4.4m/yr pbt. Yet the loan book at Time is ~170 million versus ~£350m I think at MFX. So, in terms of return from its loan book the return at MFX is about half that at LSE:time. Which supports my argument from a few days ago that MFX should be able to increase the yield from its loan book. Which would increase the profit (& the share price)." |
Posted at 26/9/2023 07:03 by someuwin Cavendish..."Valuation The tangible net asset value is expected to be £43.4m at the end of FY25E compared to a current market cap of c£25m. In our view, the share price is clearly mispriced and we derive our 1-year price target of 47p based on the FY25E P/TNAV rerating from 0.6x to 1.0x. Time looks extremely cheap given it is trading on an FY25E PE of just 5.6x despite never making a loss in the past 10-years and its net profit is forecast to grow at c20% CAGR over the next two years." |
Posted at 12/9/2023 06:21 by someuwin Time Finance plc("Time Finance", the "Group" or the "Company") Own-Book Lending Portfolio Update Notice of Results, Investor Presentation and AGM Lending Book grows to all-time high of more than GBP175m Time Finance plc, the AIM listed specialist finance provider, is pleased to provide the following update on the performance of its lending book portfolio. Increasing the Company's own-book lending forms a key pillar of the Group's medium-term growth strategy, announced in June 2021, which targets a more than doubling of the lending portfolio by 31 May 2025. The Company also confirms key dates in the 2023 financial calendar. Own-book lending growth continues in line with medium-term strategy As at 31 August 2023, the unaudited value of the Group's lending portfolio reached a record high of GBP175.8m, ahead of the level expected by management at this stage of the four-year medium-term plan. The lending portfolio stands 4% higher than the 31 May 2023 financial year-end level of GBP168.9m and 18% up on the prior year equivalent level of GBP142.9m as at 31 August 2022. Notice of Results, Investor Presentation and Annual General Meeting As announced on 29 June 2023, the Group is planning to announce its audited annual results for the year ended 31 May 2023 on Tuesday 26 September 2023. The Company will also provide an update in respect of trading in Q1 2023/24 at that time. Chief Executive Officer, Ed Rimmer, and Chief Financial Officer, James Roberts, will deliver a live presentation relating to the audited annual results and the Q1 trading update via the Investor Meet Company platform at 1.00pm BST on 26 September 2023. The presentation is open to all existing and potential shareholders and questions can be submitted at any time during the live presentation via the Investor Meet Company dashboard. Investors can sign up to Investor Meet Company for free and add to meet Time Finance plc via: . Investors who already follow Time Finance plc on the Investor Meet platform will automatically be invited. The Company is also proposing to hold its Annual General Meeting on Tuesday 7 November 2023. The notice convening the AGM will be published in due course. Ed Rimmer, Chief Executive Officer, commented: "I am delighted to report continuing and consistent growth in our own-book lending portfolio, a key area of focus in achieving our medium-term strategy. Given the compounding nature of the interest associated from own-book lending, the growth in the portfolio will result in increasing income and profit streams over the life of these deals as well as a further strengthening of our balance sheet." |
Posted at 01/7/2023 10:16 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. |
Posted at 17/2/2023 11:24 by z1co Time Finance is pleased to announce the appointment of Casey Baldwin as Business Development Manager in its Invoice Finance team as it sets out to bolster its support to SMEs in Yorkshire and the North East of England.Casey joins Time Finance with 10 year’s experience in the Invoice Finance sector, having spent her career working alongside both national brokers and business owners to package supportive and flexible funding solutions. Casey most recently worked at Novuna where she spent 3 years as a Business Development Manager. Prior to that, she gained experience in business development and relationship management roles at Bibby Financial Services, Aldermore Bank and RBS Invoice Finance. In her new position, Casey will be responsible for building and maintaining strong introducer relations across Yorkshire and the North East, whilst generating awareness of the Invoice Finance solutions available to business owners and intermediaries through Time Finance. Speaking of her appointment, Casey said: “I’m really excited to be joining the Time Finance team. Their Invoice Finance division have an excellent reputation in the market and are well known for their common-sense approach to structuring funding solutions and achieving high client retention figures. Their broad offering and appetite to support more businesses is a great talking point and opens up a lot of opportunities to help businesses with all aspects of their financing needs. “For me, stepping into this role also comes at a crucial time. The challenges that the SME market currently faces leaves many in need of a tailored solution that can help them in overcoming cashflow issues within their business and operations. I’m looking forward to building up my network of trusted introducers and working closely with them to spot opportunities and react swiftly to their clients’ funding requirements.” Invoice Finance can relieve pressure on cashflow and give businesses the freedom to grow. By releasing up to 90% of the value of unpaid invoices, businesses can access additional working capital and use the funds to support day-to-day cashflow requirements or fuel investment plans. Time Finance offers Confidential and Disclosed Invoice Finance facilities ranging from £10,000 to £2.5million, with the added flexibility that their funding lines can grow alongside a business. Andy Hume, Head of Sales at Time Finance, added: “Casey is a great addition to our team, and we are delighted to have her on board as we continue to expand our presence across the UK. “As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses who are looking to release additional working capital for additional headroom and growth. We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to Invoice Finance solutions, and considering the wider challenges that the current market is facing Casey’s appointment could not come at a better time to help us to achieve this”. Casey’s recruitment is the latest in a string of appointments at Time Finance in recent months. Jake Smedley joined as Business Development Manager in the Yorkshire, Humberside and Lincolnshire region, whilst Kevin Howard joined as Head of Relationship Management. As it continues to invest in its people, the firm also celebrated the launch of their new Invoice Finance office in Reading in October of last year. |
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