1pm (OPM)

Sector:

Financials

Index:

FTSE AIM All-Share

 23.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 37.50
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 90.37m
  • Volume: 453,467
  • Market Cap: £21.46m

1pm profits hit by 'significant' Covid-19 interruption

By Iain Gilbert

Date: Tuesday 23 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Finance provider 1pm full-year revenues and profits were set to slide despite having turned in a "satisfactory" trading performance for the year ended 31 May amid significant interruption to normal activities on the back of the Covid-19 pandemic.
1pm said pre-tax profits were set to drop 62.9% to £3m, mainly due to £5.1m of provisioning, while revenues were seen coming in at £29.1m for an 8.49% year-on-year drop.

The AIM-listed company noted it had obtained additional funding under Downing Street's Coronavirus Business Interruption Loan Scheme to help buffer the blow of loan forbearance, of which it had granted £900,000 to customers.

1pm added that it had obtained additional funding of £3.1m for business operations and arranged funding facilities of £6.3m to deploy as a lending partner under the government's scheme.

The group also said payment of interim and final dividends for the year would be deferred until the impact of the pandemic on its operations was clearer.

As of 1130 BST, 1pm shares had slipped 5.78% to 21.20p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

1pm Market Data

Currency UK Pounds
Share Price 23.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 37.50
52 Week Low 12.50
Volume 453,467
Shares Issued 90.37m
Market Cap £21.46m

1pm Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.82% above the market average79.82% above the market average79.82% above the market average79.82% above the market average79.82% above the market average
64.96% above the sector average64.96% above the sector average64.96% above the sector average64.96% above the sector average64.96% above the sector average
Price Trend
48.32% below the market average48.32% below the market average48.32% below the market average48.32% below the market average48.32% below the market average
42.66% below the sector average42.66% below the sector average42.66% below the sector average42.66% below the sector average42.66% below the sector average
Income Not Available
Growth
87.11% below the market average87.11% below the market average87.11% below the market average87.11% below the market average87.11% below the market average
90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

1pm Dividends

  Latest Previous
  Final Interim
Ex-Div 31-Oct-19 04-Apr-19
Paid 12-Dec-19 01-May-19
Amount 0.56p 0.28p

Trades for 26-Nov-2020

Time Volume / Share Price
15:17 12,466 @ 24.07p
14:00 4,000 @ 23.80p
13:50 170,000 @ 23.98p
13:50 170,000 @ 24.00p
13:05 5,000 @ 23.53p

1pm Key Personnel

Chair Ian Smith
CFO James Roberts

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