1PM PLC Hardman Research: Financing powerhouse
September 12 2017 - 4:12AM
RNS Non-Regulatory
TIDMOPM
1PM PLC
12 September 2017
Hardman Research: Financing powerhouse: A lunchtime treat
Financing powerhouse: A lunchtime treat - 1pm offers a unique
exposure to the attractive UK, non-bank, SME financing market. We
believe it can deliver superior growth from: (i) focussed business
units delivering high service levels, (ii) the market trend away
from bank finance, and (iii) group synergies in funding,
centralised processing and cross-selling. Credit risk is key and
1pm adopts appropriate controls in each of its units, and at the
Group level. Funding risk is also tightly controlled. Recent
acquisitions look well priced and create strategic optionality as
well as earnings diversity. We forecast EPS growth of 27% 2019 on
2017, for which investors are paying a 2019e PE of c6x.
Please click here for the full report:
http://hardmanandco.com/docs/default-source/company-docs/1pm-plc-documents/12.09.17-financing-powerhouse-a-lunchtime-treat.pdf
To contact us: Contacts:
Hardman & Co Mark Thomas
35 New Broad Street, mt@hardmanandco.com
London, Telephone: +44 20 7194 7622
EC2M 1NH Follow us on Twitter @HardmanandCo
www.hardmanandco.com
About Hardman & Co: For the past 20 years Hardman has been
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