Team Internet Share Discussion Threads

[rik shaw] 16/4/2024 07:09

Well done. New RNS:

[adamb1978] 15/4/2024 23:17

It should say July 2025 not July 2024

[adamb1978] 15/4/2024 23:16

I emailed the co. Billy said it was a typo and they'll issue a RNS to clarify

[robsy2] 15/4/2024 14:00

I think i heard billy CFO say they plan to extend the share buy back programme.

[rik shaw] 15/4/2024 13:45

No as I say the Directors put a Buyback Programme in place 15/5/23 and seem to have relied on that for all subsequent buy backs in the last 12 months.

[adamb1978] 15/4/2024 09:09

Thanks for checking last year. There wasn't a separate general meeting after the AGM in order to extend it was there?For this year, it seem that they won't have authority beyond 1 July.I've emailed the company to ask

[rik shaw] 15/4/2024 08:25

It's in line with their AGM notice last year which referred to July 23. All the recent buybacks have referenced the buy back programme they announced 15 May 23 subsequent to the AGM approval.

[adamb1978] 15/4/2024 07:35

Small point but regarding the buyback resolution for the AGM on Thurs, it only grants authority for the buyback until 1 July 2024. Anyone see that or view it as odd? Wonder whether it's a typo, though quite a material one if so.Adam

[yf23_1] 12/4/2024 17:45

Video and report on proactive

[davebowler] 11/4/2024 09:45

Thanks, guys. That's reassuring about potential IHT benefit retained!

[diesel] 10/4/2024 10:35

Forget that! Found the announcement and it’s Shinez, must of missed that one!

[diesel] 10/4/2024 10:32

Thanks for the link Riv., he mentioned a company called Shine, it sounded like a new acquisition in the pipeline, did you pick up on that?

[alter ego] 10/4/2024 10:25

The acid test is whether or not HMRC list the exchange as a recognised stock exchange.

Here is the HMRC list for the USA

The recognised stock exchanges in United States of America are:

BATs Exchange Inc
Boston Stock Exchange
Chicago Board Options Exchange
Chicago Stock Exchange
International Securities Exchange
National Stock Exchange
New York Stock Exchange
NYSE MKT
NYSE Arca
NASDAQ OMX PHLX
NASDAQ

If shares are traded on an exchange that isn't on the list it passes that test for IHT relief

[rik shaw] 10/4/2024 10:16

Maybe though OCTQX is not a Stock Market, its only a network of dealers.

[davebowler] 10/4/2024 09:38

I've a feeling it will nullify IHT advantages of being on AIM.

[rivaldo] 10/4/2024 09:30

New interview with the CEO about the US listing:

[rivaldo] 10/4/2024 07:35

Very interesting/intriguing news today that TIG shares have begun trading in the USA on the OTCQX, which is the premier tier of the OTC market:

"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."

[robsy2] 26/3/2024 18:53

Yes, looks like she is on the move. The previous high was 160ish, no reason why we can’t get back there again and beyond.

[rivaldo] 22/3/2024 08:19

Nice start - up 2p already on a very healthy 212,000 shares traded in just the first few minutes of trading.

Looks like a move up chart-wise too.

[adamb1978] 21/3/2024 22:28

Been away for a couple days and seen the criticism of the dividend - plain daft!An income investor would never own a company like TIG even if the yield was 6%. Income investors want certainty, security and boring companies. Only reason for TIG to pay a dividend is simply that some can't hold companies where there is no yield. So it brings in some funds and also helps demonstrate the cash flow

[deanowls] 21/3/2024 17:48

I wouldn’t follow me mate. It’s gone up!

[indiestu] 21/3/2024 17:17

So as it stands today there are no metrics available to shareholders to understand what are the ambitious financial goals that are expected from Shinez over the next two years. Who the 6 million a year over the next two years is going too. Agreed, the connection to an Israeli tech company has got me reconsidering my position this week. Thanks for sharing your thoughts.

[tole] 21/3/2024 16:39

https://masterinvestor.co.uk/equities/small-cap-catch-up-bms-ztf-cury-and-more/Team Internet Group (LON:TIG) – Berenberg Ups Target Price To 185pAfter this week's results analyst Ciaran Donnelly at Berenberg upped his Target Price to 185p, while rating the shares as a Buy.He noted that the results were 7% ahead of his firm's forecasts for gross sales and 6% ahead for adjusted earnings.In terms of the full-year 2024 outlook, Donelly stated that the group's management is confident that it will meet current market expectations.He said the valuation was an 'undemanding' 8.2 times full-year 2024 price to earnings and that the shares offer a free cashflow yield of 14%.They closed last night at 134.80p – which is a level way below its peers, I stay confident of my Target Prices being achieved this year.

[deanowls] 21/3/2024 16:14

I can understand not wanting to detract from results however it would have been great to get information and be able to ask questions on the calls surrounding the acquisition.

We have come out of a year where there has been a large deferred payment now a takeover with another one thrown in.

Would have been great to see cash flow through.

Ultimately I don’t understand the business as don’t a lot of private investors and anyone coming out with any sort of allegations alleging any wrongdoing as these shorters tend to do and I would have had too much exposure here.

[indiestu] 21/3/2024 15:36

I understand your reservations. I would appreciate your thought's regarding the concerns you have with the acquisition being announced the day after results.