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Posted at 10/4/2024 07:35 by rivaldo
"Trading on OTCQX will significantly enhance Team Internet's visibility and accessibility in the world's largest capital market"
Apparently TIG "has received interest from numerous US investors in the past and, in recent months, has hosted several meetings with US investors".
Given the CEO's comments below, perhaps this will presage an eventual move to a full US listing either away from AIM or a more premium market listing on the NASDAQ?
I wouldn't blame TIG for looking in that direction given the substantial discount compared to its US peers:
"Michael Riedl, CEO, of Team Internet, commented: "As we mark the beginning of our trading on OTCQX, we are not just opening a new chapter for Team Internet. We reinforce our commitment to enhancing shareholder value and expanding our footprint in the United States, a market that represents nearly 50% of our revenue. This move reflects our robust performance and the investor confidence we have been fortunate to build, especially within the US, over the past year. We recognise the importance of making our shares more accessible and appealing to US investors, and qualifying to trade on OTCQX is a strategic step in that direction. We are eager to welcome new investors and invite them to join us in this exciting journey."
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Posted at 21/3/2024 22:28 by adamb1978
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Posted at 21/3/2024 13:53 by indiestu
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Posted at 20/3/2024 17:58 by davebowler
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Posted at 19/3/2024 09:14 by davebowler
Internet services company Team Internet Group (TIG) is delivering ‘resilient growth’ and is expected to hit current market expectations, says Berenberg.
Analyst Ciaran Donnelly retained his ‘buy’ recommendation and increased the target price from 180p to 185p on the stock, which softened 1% to 135p after full-year 2023 results on Monday.
The results were ‘marginally ahead of the numbers in its trading update of 29 January’. Revenues were up 13% at $836m – the online marketing division grew gross revenues by 14.3% to $657.1m, while the online presence division grew gross revenues by 17.1% to $179.8m.
‘These results are 7% ahead of our forecasts for gross sales and 6% ahead for adjusted earnings,’ said Donnelly.
‘In terms of the full-year 2024 outlook, management is confident it will meet current market expectations. We update our full-year 2023 forecasts to reflect the results and make minimal changes to full-year 2024 and full-year 2025 forecasts.’
Donnelly increased the target price as he said the valuation was an ‘undemanding’ 8.2 times full-year 2024 price to earnings and the shares offer a free cashflow yield of 14%.
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Posted at 19/3/2024 07:13 by tole
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Posted at 18/3/2024 14:12 by kalai1
...from WealthOracle
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Posted at 18/3/2024 07:20 by rivaldo
The 23.22c adjusted EPS is well ahead of Zeus's 22.4c forecast.
And the 2p dividend is double that of Zeus's 1p forecast.
The CEO is already confident about meeting expectations for this year.
Given TIG's track record and prospects the current share price is just far too low.
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Posted at 18/1/2024 18:05 by tole
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Posted at 17/11/2023 14:00 by ggrantsu
So after a lot of industry conversations and actually figuring out what TONIC does, I want to actually assess how sustainable that business is...which, I'm sorry Adam, is actually something of substance vs. reading an annual report or 'speaking with management' (a completely useless exercise - just listen to what Mark Watson wrote - oh yes, the CFO says its undervalued, so it must be! Come on, lets actually do some proper thinking here). I guess the TIG CFO is the first ever CFO on AIM to tell the world the shares are cheap...
I do take issue with my analysis of TONIC being labelled as just unnecessary fluff. I agree if course that analysts can be to pedantic, but you are applying that argument to something as simple as just understanding what TONIC does in an ordinary typical transaction and who it is dealing/bargaining with. The problem with the shares is that because its been impossible for anyone without a lot of time on their hands to really understand BAU, limited participants give it the time of day (or maybe that have investigated and take the view that the economics are bad - there are plausible reasons for this).
Post the domain name business being the driver here, people have just absolutely not even bothered to understand what is happening in OM. And its been fine because nothing has blown up and its doing well. I'm not saying its a terrible business, but there are characteristics and attributes to it which mean its a very poor business economics wise vs. domain names. Thats a fact and the point of the forum in many ways should be to discuss those weaknesses, and with different people contributing, one could decide whether to enlarge the position for a company that is trading very cheaply.
Anyway, anyone who actually wants to dig down into this more can always private message. Piece of advice for all though - if your buying because some share tipper and financial journo is saying the CFO told him its cheap...be a little more discerning!!
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