Today's trading update confirms a resilient profit delivery consistent with FY20A, despite challenging conditions over FY21E, which saw a notable reduction in originations and Time's lending book. With the UK economy reopening at the year-end, with strong GDP growth expected over 2021, we see a healthy rebound in SME demand for Time's credit products as likely. This should provide an inflection point for own-book originations, the lending book's size and profits, despite some reinvestment over F ....
16 Jun 2021
Cenkos: Time Finance plc -- Inflection point of financial recovery
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Cenkos: Time Finance plc -- Inflection point of financial recovery
Time Finance plc (TIME:LON) | 38.7 0 0.0% | Mkt Cap: 35.8m
- Published:
16 Jun 2021 -
Author:
Cavendish Research -
Pages:
8
Today's trading update confirms a resilient profit delivery consistent with FY20A, despite challenging conditions over FY21E, which saw a notable reduction in originations and Time's lending book. With the UK economy reopening at the year-end, with strong GDP growth expected over 2021, we see a healthy rebound in SME demand for Time's credit products as likely. This should provide an inflection point for own-book originations, the lending book's size and profits, despite some reinvestment over F ....