this is not a childrens sand pit . This is a place for people to invest and make money and not for babies to go crying to teacher if you get some sand in your face . report report report . Very sad indeed . Don't bother talking to me again . But if you post rubbish which you admit needed correcting , you will be corrected , as misleading people on share potential either way without accurate research is wrong and will be challenged .
LONDON (Alliance News) - Small business lender 1pm PLC expects to report "significant revenue and profits growth" for the first six months of the financial year, according to a pre-close trading update on Wednesday.
1pm shares were Wednesday morning quoted at 45.50 pence, up 7.50 pence or 20%.
The small business funder said it has continued to benefit from strong demand for its finance facilities, with over GBP5 million of new business written during the first six months of the year, representing a 28% increase on the first-half of 2013. The figures were boosted by the GBP1 million of new business written in October, a record for the company.
1pm has recently expanded into the small business loans market, with its first loan under the expansion being made in October to a wholesale business based in Leicester. The lender has been taking advantage of what it has in the past described as small business demand for loans not being satisfied by the banking sector.
The AIM-quoted finance company said its loan portfolio stood at GBP17.7 million as of November 30, the end of the reporting period, compared with GBP13.2 million in 2013, while the figure was GBP14.8 million at the year-end in May.
"The board is delighted with the progress made in the year-to-date and is confident about the prospects for the second half and the outcome for the year as a whole," Chief Executive Maria Hampton said in a statement.
The company's results are scheduled for release during the week commencing January 20, 2014.
Well the good news is 1. Firstly on the morning of the 11th of December , the house broker for 1pm plc gave an increased rating of buy at 48p for this share . 2. The ceo then releases a pre market close rns at the end of the day saying that they are way ahead in profits and growth and when they report in january , this will be the case and possibly even greater at the amazing rate of growth , cash and profits . This means that they had to release the positive news before the official 20th of january date as the profits are well inexcess of the market predictions . This means that in jauary , we could see a major positive figure again for this company and the economies of scale are begining to really kick in . Also if you look through the 1pm plc website , all the rns annoucements are in the investors area in date order . Best of luck , not that you need much with this particular share at the moment
("1pm", the "Group" or the "Company") Pre-close trading update 1pm (AIM: OPM), the AIM listed specialist independent provider of finance facilities to the SME sector, is pleased to announce the following trading update ahead of the publication of its Interim results for the six months ended 30 November 2013, which are scheduled to be released during the week commencing 20 January 2014.
The Board expects to report significant revenue and profits growth for the first six months of the current financial year compared to the corresponding period last year.
The Group has continued to enjoy strong demand and has written over £5m of new business during the first six months of the current trading year, a 28 per cent. increase compared with the first six months of last year (H1 2013: £3.9m). The Group also experienced record new business of over £1m written during the month of October 2013.
As at 30 November 2013 the loan portfolio stood at £17.7m (H1 2013: £13.2m), an increase of over 34 per cent. since November last year and a 20 per cent. increase since the year-end in May (FY13: £14.8m).
Maria Hampton, CEO of 1pm, commented:
"The Board is delighted with the progress made in the year-to-date and is confident about the prospects for the second half and the outcome for the year as a whole".
Bristol i wasn't moderating you , i was correcting you . Your comments were not correct based on all the data longtime posters and investors here know from digesting and talking over the data for the last 4 years . Your post clearly showed that . It appears you hopped on when the broker buy rating was released to buy at 48p etc and then you thought you would start spouting utter unrelated data regarding this shares movements in the past , the day you posted and the likely movement of the share next year . Which was all utter rubbish if you had really taken the time to look at all the past present and future activity and progress this company was and is making . Now please crawl back under that little pebble you came from under and please post data that is correct based on knowing the company performance from real research and not just a 5 minute broker buy recommendation . I rest my case . The end
Nasa, you opinions are your own. Everyone is entitled to have there own interpretation and opinion on a company's performance. This is an open forum, you do not own this share forum or moderate its use for other people. I suggest you get accept that some people will have differing opinons, and wish to share them. Finally, I do not try or claim to be an expert.
Firstly , 1pm has been inundated with demand from small businesses for the past 5 years as the banks are not lending and 1pm have been cherry picking their clients . secondly this share has risen over 10% just on a whiff of continued news . I have been invested in this company since it hit rock bottom and know its share movements and growth potential far better than you . I suggest you look over all the figures for the past 3 years and and the rns news updates and shareholders etc . Don't try to be an expert in this share when you are clearly NOT . You have not bled
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