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I think so. I know some disagree with me and there is no solid evidence but I do think the SP drop is due to the retired director selling his sizeable holding, something he started doing shortly before he left. That and general sentiment. Hopefully that selling pressure is now cleared and this company can reach its full SP potential.
Amazingly managed to buy and sell these all the way down from an original 67 (but mostly 40's) and profitably !
My most recent 39 has to be a good hold non ?
PE still only 5.9 for a company growing at 20%! A lot of bad news priced in.
Especially as 45p is my average. I reckon this will rise into results. I then need to work out if it can be sustained. Personally I think it can as a very well run company with a good track record. However, the market is still very twitchy and sentiment is against lenders at the moment.
50 looks a decent target
Nice to see a little bit of movement back into the 40s, would be nice to get above 45 again in the short term although you never know with this share.
This is such a risky Share. There is no consistency to it performance and imo it’s a total gamble. On the basis that there’s been lots of positive news and the company has seen massive growth, yet it’s SP is at a 5 year low, I’d pull out now. Bad news could sink this...
See my post on 4th December. I am not hopeful. But do I sell or hold? ?. I really don't know.
I said that this would be in the 30’s again and guess what. For some reasons this stock is not a great flavour. Not sure what bad news would do to it ??. Is it non prime lending in a not very secure market, with uncertainty ahead ? I hope that any future bonuses are heavily geared towards an SP recovery..!
Great to see a good uptick in Friday. I thought the update and news of the first interim dividend for January would have bought in a few more traders but 1PM really is a slow burner that you have to tuck away and not worry about. Hopefully we should rise back up towards 50p+ by ex-div date.
just BREXIT and finance companies
Maybe the market cap stated is too highly valuated.
you sound like me. I am totally bambuzzled by this share. This has gone down down and down. I dont even want to think about what would happen with bad news. I am so FRUSTRATED. I have got this horrible feeling that if it drops to 39, it will freefall. WHY didnt i sell at 85p???????????
It could be the retiring director who owns 6% share capital selling down...surely drop can't be all due to thus?!
This might well be the most frustrating share that I own! Constant stream of good (not great ) news and yet it is on a steady decline. I honestly don't know why this is going down so easily, am I missing something that everyone else is seeing?
Good news and still the price drops!!!
I like the fact this company keeps shareholders updated regularly and are active on sites. Shareholders aren't left in the dark.
I've been following this company for some time and I want to invest but these companies always seem a bit risky to me. The fact a dividend has been announced is good but I will wait to read their Interim Results.
Latest RNS: "Positive trading momentum maintained; Current trading in line with expectations; First interim dividend planned; 1pm plc, the AIM listed independent specialist finance provider, is pleased to announce that the unaudited results for the first half of the current financial year, which ended on 30 November 2018, will be in line with the Group's expectations, demonstrating continued positive trading momentum and good new business origination across the Group. The Group's Interim Results are scheduled for release on 16 January 2019 and it is the Board's intention to declare an interim dividend alongside the publication of these results for payment in April 2019. This will be the Group's first interim dividend. It is expected to equate to one-third of the total payment planned for the financial year ending 31 May 2019, in accordance with the Group's progressive dividend policy, announced on 26 July 2018."
Good points. Most of the news should be good when they announce an update. Only negatives is overhang from retiring director shares and issue of more shares as agreed. 1PM plans to increase dividends going forward, so at this year low share price, good news. This is a worthwhile read for anyone wanting a full background in 1PM finances and future projections: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f6be6f95d404cebf5279e5f9a83e06c9&application_id=722745&site_id=webfg&application_name=news
The company stated at AGM in October that there had been further growth within the business, everything was in line with expectations. Interims in January.
70% of revenues are derived outside the UK, so I would say they are very much brexit proof. For some reason, sentiment is just not good here. Despite continual positive newsflow this past few months.
I think they issued more shares when they bought a company last year so maybe some of those options are maturing, pushing the price down? Seems like there is a big sellers there recently, we might find out soon via an RSN. Maybe the market 1PM are in will be adversely affected by Brexit and this is pushing us lower? Last year in early December the company issued a trading update, that could be a good turning point.
The company may have been `growing` but the share price hasn`t. Unless there was a consolidation of shares I don`t know about they were c400p per share back in the day.
In the summer of 2014 they were as high as 90p intraday, and have been in a long slow falling trend ever since.
There must be something negative in the company`s structure or business model, otherwise the shares would be rising.
I know it spiked to 60p recently but just as quickly got sold into and now sits at the sp it was before spiking.
I bought recently because it looked like price was trading in a sideways rising wedge between the low 40p`s and the high 50p`s, getting progressively higher, but ended up selling when the rise ran out of steam before getting off the blocks.
I`ll keep watching...from the sidelines for now.
Why not?
Apart from quite a few big sells going through, the company has been growing since it listed on AIM in 2006
I don't see why anyone would want to invest in this to begin with