Is anyone still holding these? I have mine and am still sitting on a loss as my average price is about 35p.
The year end trading update was out the other day and I was reasonably pleased all things considered although the market didn't seem to like it.
https://www.investegate.co.uk/time-fina ... 00060646C/Profit has held up and NTA are up to around the market cap. Provisions are up but are not huge and I think they take security on all their loans so as I understand it they usually recover a lot of the money from bad debts.
The biggest negative for me was the fall in new business origination which may hit future profitability but there are ambitious plans to grow the business organically and if they can realise these the shares should look cheap at today's price.
Cash was also strong, probably due to an unwinding of the loan book. It would be nice if they paid a dividend but I don't think they are going to.
I'm happy to continue holding these, they seem to have weathered the COVID storm very well and I am hopeful of better times to come.