• Full-year earnings beat guidance • Upgrades for new financial year • Forward PE ratio of 9.3 • Trades on 1.15 times forecast net tangible assets Bath-based Time Finance (TIME:64.5p), a provider of invoice finance, asset finance and loan finance to more than 10,000 small and medium-sized enterprises (SMEs), has posted an earnings beat and
Much was made of the likely rise of the medtech industry during the pandemic, which was understandable given the circumstances. Covid-19 precipitated a marked increase in the number of related deals, and their representative value. But clinical and cost-related imperatives have not altered since then, even if they’ve become less immediate. The lockdowns not only
What kind of stocks do you invest in? These days, a common answer to this question is simply ‘all of them’. For little cost, you can buy an exchange traded fund to own a broadly diversified equity market. Job done. Well, sort of. If you own a FTSE 100 passive fund, you own a piece
With the prospect of a disruptive global trade war looming into view, nervous investors have stepped up their exposure to precious metals. You could be forgiven for thinking that emerging market central banks have been the prime drivers of the market in recent times, but – as with equities – the activity of retail investors
Asset managers try to pick the best investments for their clients. In recent years, however, their own stock market status has taken a beating. UK asset managers have delivered an average annual share price loss of 15 per cent over the past three years, according to RBC Capital Markets, meaning they have significantly underperformed UK and
Watch how these ratios change after the full-year results We’ve deliberated, cogitated and digested but, unlike Lloyd Grossman (presenter of the 1990s iteration of TV’s MasterChef), not concluded: analysing companies is more of a movable feast. Having dived into the drivers of Rolls-Royce’s (RR.) spectacular operational and share price performance, the ongoing task is staying abreast of
According to the World Intellectual Property Organisation (WIPO), a UN agency, intangibles comprised around 90 per cent of the market value of S&P 500 companies in 2020. How so? Per the report on which it is based, to get to 90 per cent, you simply subtract a company’s net tangible assets (that is, total assets
Gross lending book up 11 per cent to record £209mn Net tangible asset value up 14 per cent to £41.5mn (45p) First half pre-tax profit rises 44 per cent to £3.9mn Forward PE ratio of 10 and 1.2 times net tangible asset value Potential for another earnings upgrade A trading update from Bath-based Time Finance (TIME: 61.5p)