AIM Stock 1PM (OPM:LSE) May Be Best Lender in London

Posted July 17, 2008

“Just over two years ago, when this business was floated on the stock market, Johnson had nothing to do with it. Instead 51% of the shares were in the hands of Tony Williams and John Stickley, who were intent on growing the company through providing asset finance to sub-prime borrowers.” — Tom Bulford

by Tom Bulford

Baltimore – (TFN): A fortnight ago, having spoken to Tony Nelson, the bullish chief executive of leasing company Private & Commercial Finance, I wrote an article on The Golden Age of Lending.

Another man who is finding today’s conditions quite to his liking is Mike Johnson, who’s fast recovering the fortunes of a real AIM minnow with the strange name of 1PM (OPM:London).

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Three Recession-Buster Stocks to see you through the next 6 months:

This $5 company has a lock on the key technology in China – and could generate gains of over 1,000%… Insiders are loading up on this battered contrarian energy play that could go up as much as 75% by November… And his tiny biotech holds the secret to crucial early detection of a debilitating disease AND could triple in value by next year. Get our FREE special report…

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Just over two years ago, when this business was floated on the stock market, Johnson had nothing to do with it. Instead 51% of the shares were in the hands of Tony Williams and John Stickley, who were intent on growing the company through providing asset finance to subprime borrowers.

Within eighteen months, this strategy had gone seriously awry, and Johnson, a sixty-three-year-old who has already made two attempts to retire, was once again called back into action. Taking over from Williams and Stickley, who both resigned last year, Johnson has changed the business model, abandoning the subprime sector and introducing practices that have served him well in his long career in the leasing industry. Read on to learn more.

****Make sure you sign up for our free TFN Newsfeed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have or free daily email delivered to your inbox .