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Time Finance plc ( (GB:TIME) ) has issued an update.
Time Finance plc announced the exercise of 411,667 share options by CEO Ed Rimmer under the company’s 2022 Unapproved Share Option Scheme. This transaction was fulfilled using existing shares held by the Time Finance Employee Benefit Trust, resulting in no new shares being issued. Consequently, Ed Rimmer’s shareholding increased to 1,331,498 ordinary shares, representing 1.4% of the company’s share capital. The total number of shares with voting rights remains unchanged at 92,512,704, which is relevant for shareholder interest calculations under regulatory guidelines.
The most recent analyst rating on (GB:TIME) stock is a Buy with a £61.00 price target. To see the full list of analyst forecasts on Time Finance plc stock, see the GB:TIME Stock Forecast page.
Spark’s Take on GB:TIME Stock
According to Spark, TipRanks’ AI Analyst, GB:TIME is a Outperform.
Time Finance plc’s strong financial performance is the primary driver of its overall score, supported by solid revenue growth, profitability, and a robust balance sheet. The technical analysis suggests a neutral outlook, while the valuation indicates potential undervaluation. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on GB:TIME stock, click here.
More about Time Finance plc
Time Finance plc is an independent specialist finance provider focused on helping UK businesses thrive by offering flexible funding solutions. The company primarily serves small and medium-sized enterprises (SMEs) with a range of products including Asset Finance and Invoice Finance. Time Finance operates as an ‘own-book’ lender but retains the ability to broker deals to optimize business levels through varying market and economic conditions.
Average Trading Volume: 280,948
Technical Sentiment Signal: Buy
Current Market Cap: £49.96M
Find detailed analytics on TIME stock on TipRanks’ Stock Analysis page.