Time Finance have released a trading update following their 31 May 2022 year-end (FY22E), with full-year results scheduled to be published in September. The update reveals a streamlining of their operations through a strategy of divestment from their non-core brokerage divisions and expansion of their profitable core own-book lending business. We have adjusted forecasts to reflect the new strategy and released forecasts for FY24E to show a more normalised year. Time looks significantly undervalu ....
