1pm is an asset finance company lending to small UK businesses for essential business assets. Advances range from £1,000 to £50,000 and are normally written over a three year term on a Finance Lease. The company's main route to market is via finance brokers who pass business to 1pm in return for a commission.

Movement at last. +13%

1PM: WH Ireland reinstates its buy recommendation with a new target price of 48p.

1pm PLC (OPM:LSE) set a new 52-week high during Wednesday's trading session when it reached 51.00. Over this period, the share price is up 275.91%.

Going very well, long may it continue.

Up 8%

up 6% today

results on 20th of january

Up over 10.5% today

Another 8%

:-))

Back to near highs

Closed up 8%

Additional ?2.5million Block Funding

RNS


RNS Number : 3840E

1PM PLC

09 April 2014
















9 April 2014

1PM PLC

(AIM: OPM)



Additional Block Discounting Facilities totalling £2.5m



1pm plc ("1pm" or "the Company"), the AIM listed specialist independent provider of finance facilities to the SME sector, is pleased to announce that it has negotiated additional Block Discounting Facilities totalling £2,500,000 comprising a new £2,000,000 facility and an increase of £500,000 to an existing facility. This additional funding will be used exclusively for the purpose of writing new business.



The loan terms are consistent with those of other funders to the Company.



The Board is also pleased to report that trading during the first quarter of calendar 2014 has been very positive. Furthermore due to the success of the recently introduced business loan product, the amount available for individual loans is to be increased from £15,000 to £25,000.



Maria Hampton, CEO, commented:



"The additional Block Discounting facilities will contribute significantly towards the Company's continued expansion and we very much appreciate the support that our funding panel is providing. The total amount of new funding raised since 31st May 2013 now stands at £7.3m."



"The funding will allow us to satisfy the continuing strong demand for finance from the SME sector"



Ian Smith, Chairman, commented:



"Against a backdrop of continued strong trading we are delighted to be announcing both new and increased funding facilities which are testament to the quality of the business being underwritten, the strong results being consistently delivered by the Company and its growing reputation within the market place. These additional facilities are a further enabling step towards the Company achieving its growth ambitions whilst continuing to focus on its core strength of providing much needed finance to SMEs."

Solid move up today, nearing its past highs.

Another good 6.5% rise today

1PM: WH Ireland restarts coverage with a target price of 80p and a buy recommendation.

Pre-Close Trading Update

RNS


RNS Number : 7134Z

1PM PLC

15 December 2014








For Immediate Release

15 December 2014

1pm plc



("1pm", the "Group" or the "Company")



Pre-close Trading Update

"On-target results with second half investment expected to drive future growth"



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 2014, which are scheduled to be released during the week commencing 19 January 2015.



The trading results for the half year ended 30 November 2014 will show further growth in revenue and profits compared to the corresponding period last year.



The Group continues to experience high levels of demand for finance from SMEs. The asset finance and loan portfolios have continued to grow, with over £6.8m of new business written during the first six months of the current trading year, representing a 36 per cent. increase compared with the first six months of last year (H1 2014: £5m). This included record new business of over £1.5m in a single month, written during October 2014.



As at 30 November 2014, the combined asset finance and loan portfolio stood at £24.3m (H1 2014: £17.7m), an increase of over 37 per cent. since November last year and a 19 per cent. increase since the year-end in May (FY14: £20.4m).



Since 1 June 2014, 1pm has raised an additional £5.7m of debt funding. A further £3.8m of equity finance (net of expenses) was raised by means of a share placing at 61 pence per share in October, which brings the total amount raised during the first half of the current financial year to £9.5m (H1 2014: £4.9m).



The Group is also pleased to announce that it has relocated to larger premises within Bath. These premises will enable the Company to continue to expand its business and to recruit the additional staff required to meet its strategic aims over the next few years.



Ian Smith, Chairman of 1pm, commented:



"The results for the first six months of the financial year continue the trend of profitable growth experienced over recent years. This strong performance underpins the Board's decision to invest in resources in the second half of the year to lay the foundations for further growth.



"Trading since the period end has continued in line with expectations, although as previously highlighted, we anticipate some reduction in profits and earnings for the second six months of the financial year compared with the first six months, reflecting the planned investment in people, premises and systems."



Maria Lewis, CEO of 1pm, commented:



"We are extremely pleased with the Group's performance during the first six months and demand for our products and services continues at a very high level. Whilst the current financial year is likely to be a transitional one, with approximately £0.8m of additional costs expected to be incurred over the next few months, the additional resources acquired will facilitate the delivery of our strategic aims over the next 3-4 years

ST of IC has a immediate target of the autumn high of 70p and beyond that the June high of 89p.

Results for the six month period ended 30 November 2014 on Tuesday 20 January 2015.