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1PM sees FY adjusted pre-tax profit materially above market views

Fri, 08th Jul 2016 12:45

(ShareCast News) - Independent specialist finance provider 1PM says its group full-year adjusted pre-tax profit will be materially above current market views."The trading results for the year ended 31 May 2016 will show strong growth in revenue and profits compared with the prior year," said the company, which is focused on the SME sector."Revenue for the group will be in line with current market expectations and adjusted profit before tax for the group will be materially above current market expectations," it said.Trading subsidiaries 1pm, Academy and Bradgate had continued to experience high levels of demand for finance from the SME sector, the company said.This demand was across the range of products offered, being asset finance for 'hard' and 'soft' assets, business loans and vehicles broking.The company said the total value of asset finance and loan deals originated and funded by the group in the year to end-May totalled £31.0m."In addition, since their respective dates of acquisition Academy and Bradgate generated commission income from broking-on a further £7.8m of asset finance deals."At 12:41 BST, shares in 1PM were up 7.9% to 61.5p.
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9 Apr 2014 10:45

UK WINNERS & LOSERS: Evraz Leads FTSE 250; Ex-Dividends Weigh In

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Kingfisher, up 2.1%. UBS has upgraded Kingfisher to Buy from Neutral and i

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9 Apr 2014 07:29

1PM Gets New Funding Facilities As 2014 Gets Off To Strong Start

LONDON (Alliance News) - 1PM PLC Wednesday said it has negotiated GBP2.5 million of additional block discounting facilities which it will use to write new business, as it reported strong trading in the first three months of 2014. In a statement, the provider of financing facilities to small

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21 Jan 2014 09:22

1pm Profits Rise By 84% As New Non-Executive Chairman Appointed

LONDON (Alliance News) - 1pm PLC Tuesday said pretax profit rose by 84% in its first-half after it wrote GBP5.0 million of new business in the first six months of the year, boosted by strong October trading. Separately, 1pm said it has appointed Ian Smith, the current finance chief of biote

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21 Jan 2014 08:19

UK MORNING BRIEFING: Shares Higher; Unilever, SABMiller As Expected

LONDON (Alliance News) - UK shares have opened higher Tuesday, as Unilever and SABMiller have released results and trading statements in line with expectations.

Peel Hunt has issued ratings on the property sector, cutting Great Portland Est

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11 Dec 2013 09:58

STOCKS NEWS EUROPE-UK small cap equity indexes trade flat

The FTSE Small Cap and junior-listed AIM All Share equity indexes are flat in early morning trading, slightly underperforming 0.1 percent gains on the blue-chip FTSE 100 index and on the FTSE 250 mid-cap index . Asset finance and equipment leasing company 1PM surges 15.8 percent after stati

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11 Dec 2013 08:35

Wednesday broker round-up UPDATE

Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44

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10 Oct 2013 08:07

1PM Makes Timely First Loan Under Planned Expansion Into SME Loans Market

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12 Sep 2013 16:31

Directors at Thorntons top up as profits return

The Chairman of chocolatier Thorntons has boosted his stake in the company with the addition of 125,000 shares in a purchase made the same day the group revealed the restoration of its profits. Paul Wilkinson, who has held his current position since February of this year, bought the shares for 89p

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21 Jan 2013 12:39

1pm posts 24 per cent rise in half year revenue

1pm, the specialist provider of asset finance facilities to the SME sector, posted a 24 per cent increase in revenue for the half year ended November 30th, indicating profits will be significantly ahead of current expectations. This marked a rise to £1.42m from £1.15m in the same period the previ

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17 Sep 2012 08:45

1pm party time as new business levels grow

The specialist provider of asset finance facilities to the SME sector, 1pm, says trading has been good between June and August as new business has filtered through to revenues. Operating profits for the first quarter were £171k versus £109k in the prior year while the lease portfolio gained 9% to

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11 Jun 2012 12:49

Small cap round-up: Intandem Films, 1pm, Hardide, Asterand

International film group Intandem Films has become one of only 10 companies in the world to secure financing via the California Film Commission (CFC) Tax Credit Lottery. The lottery is the name given to the annual selection of films and TV shows eligible to receive a tranche of the $100m allotted

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5 Mar 2012 15:45

Spectris director trims stake

Roger Stephens, Head of Commercial and Company Secretary of Spectris, the FTSE 250 high-flying instrumentation and controls group, has sold a stack of shares in the firm less than a month after the firm unveiled better-than-expected profits before tax and hike in the dividend. Stephens, who joined

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22 Feb 2012 15:39

Thorntons Chairman buys 400,000 shares

John von Spreckelsen, Chairman of chocolate retailer Thorntons, has bought up 400,000 shares in the firm, one week after it reported that its pre-tax profit more than halved after heavy discounting. Spreckelsen, who last year announced his intention to quit the firm before the end of September, bu

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9 Feb 2012 11:07

Small caps round-up: Monitise, YouGov, 1pm ...

Monitise has announced a collaboration with Visa, in which Visa DPS will use Monitse's mobile services. The services allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transactio

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7 Oct 2011 08:33

1pm confident porfolio will grow

1pm, a provider of lease asset finance to the SME sector, updated the market on its progress in a presentation at its annual general meeting. Managing director Maria Hampton, who gave the presentation, said: "It has been a pleasing start to the trading year. In the quarter to 31 August 2011 the bu

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