Time Finance Share Price (TIME)

So added another 10k @ 42:17p….can’t not!

Rich

The valuation here is getting silly, particularly given management's excellent track record.

At 42.25p the P/E for the year ending this month is 6.0, falling to 5.5 based on 7.7p EPS.

Plus TIME also have a forecast £7m net cash (8p per share), rising to £10m next May.

Cavendish had this to say after the March Q3 trading update:

"3Q26 trading update – Credit quality improves further

Time Finance has delivered another robust trading update for the nine months to February 2026, continuing its consistent track record of disciplined growth with a nineteenth consecutive quarter of loan book expansion and further evidence of improving credit quality. Own-book lending origination increased 27% YoY to £86.5m (3Q25: £69.3m), driving the gross lending book to a new record of £236.4m (3Q25: £210.2m), up 12% YoY. Origination growth notably exceeding loan book growth can be attributed to the signing of Invoice Finance deals whereby the full facility size features immediately in originations, but the amount drawn can contribute to the lending book size gradually over time.

The strategic shift towards secured lending continues to gain traction, with Invoice Finance and Hard Asset Finance now representing 96% of new originations and 88% of the total book, rapidly closing in on the 3-year plan target of over 90% of the loan book. Revenue rose 4% YoY to £28.3m (3Q25: £27.3m), with PBT rising 5% YoY to £6.2m and margins improving 1pp to 22%, reflecting the benefits of scale. Importantly, asset quality continues to strengthen, with arrears reducing to 4.7% (3Q25: 5.3%) and write-offs improving to 1.0% (3Q25: 1.3%).

Overall, Time is executing well against its strategy and continues to demonstrate its ability to grow agnostically to the economic environment as it helps businesses to both thrive and survive. Trading on a FY27E basic P/E of just 5.9x and 0.7x tangible NAV, the shares continue to offer material re-rating potential as Time targets lending book growth to over £300m, higher PBT margins, and mid-teen returns on equity by the end of the next three-year plan in 2028."

Just to let shareholders and prospective investors know that Ed Rimmer (CEO) and James Roberts (CFO) of Time Finance will be presenting at Mello 2026

If you are not familiar with us at MELLO, we have created a two-day investor conference that will include top quality keynote speakers including Georgina Brittain (JP Morgan AM), Christopher Mills (Harwood Capital Management), Richard Staveley (Rockwood Strategic) and Lord John Lee (leading UK Private Investor).

The conference will feature panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts like Paul Scott. There will be over 50 exhibiting & presenting companies including TPFG, TheWorks, EagleEye, Kooth, Harbourvest, BP Marsh, Amcomri and many more.

Early bird tickets available until the 25th April and via our website.

It would certainly increase the share price if they started paying a dividen

...Q3 update still shows arreas dropping from 5.3 to 4.7

& defaults down from just 1.3 to 1%.

It would take a major reverse for this to become much of a problem.

I think its just another example of no interest in hugely underpriced uk shares, probably more so as it doesn't pay a dividend as its growing.

Look at checkit that is so lowly priced that it has received 6 separate unsolicited approaches, so has decided the best way to realise value is just to put itself up for sale.

This country has been hollowed out of its furure wealth and ignored by succesive govts fir years.

Read something yesterday about the Hornsea wind farm, the biggest ever. Run by Orsted, cables from Belgium & Holland, with other parts all from outside the uk and as far away as Thailand. Apart from the jobs actually working on it we don't benefit from all the ancillary parts or the profits...!?

I just hope Times value will come out eventually, if only from somebody else buying it out, so I have added a few more at these low prices.