Taiwan I.T Share Discussion Threads

[kimboy2] 07/1/2013 21:28

A mention around 3:30 which may explain the 5% rise today.

It is now 130p in old money.

[kimboy2] 24/12/2012 10:29

A bit of fluff;

[venture traveller] 13/12/2012 16:52

Nice to see our old company making expansion plans, now they don't have control!

[kimboy2] 10/12/2012 17:29

Dividend news;



We should be hearing about the $300m t/o acquisition before Christmas. It seems they are after or 3 more as well. It looks as though they think things are cheap at the moment.

I think we know all about that though.

[kimboy2] 08/12/2012 08:55

A transcript of the conference call;



It is a pity that Morry Taylor doesn't appear to speak any known form of traditional English.

My enigma machine tells me that they are going to increase the margins at Titan Europe and that they are doing DD on a $300m t/o acquisition which will be funded without further dilution.

IMV plenty of scope for upside surprises.

[venture traveller] 04/12/2012 12:48

Agree, nice to be on board a ship that's going somewhere.
Glad I didn't bale out of the dinghy we were on before.

VT.

[insails] 03/12/2012 16:35

Kimboy im listening,certainly an excellent straightforward bullish statement from Taylor, its a relief to be onside with the poacher and not Titan Europe's lame board.

[strollingmolby] 03/12/2012 16:28

No, you're not talking to yourself...! ;o)

[kimboy2] 03/12/2012 16:10

I don't know if I am just talking to myself but the forecasts are out for 2013 and beyond;



The eye catching bit for me is the target of a run rate of $4-4.5bn before 2015. 2013 is forecast at $2.5-2.7bn.

I will have to get the calculator out and see how this transposes into eps but the market seems to like it and is presently up 5%

.

[kimboy2] 30/11/2012 11:01

A 6% jump yesterday fo no reason that I could find. I make the price 115p in old money.

I believe that they are coming up with forecasts for 2013 in the next week or so, possibly monday.

A presntation on the TWI site has one or two interesting bits re TSW;

[kimboy2] 21/11/2012 14:47

John Deere results out today;



I think profitability didn't quite meet expectations but the revenues held up well, which s the relevant bit for TWI. Revenue rose 14% partly due to volumes and partly due to prices.

They are forecasting a 4% increase in agri and 8% increase in construction next year. The agri in US, which is the big TWI market is forecast flat.

[kimboy2] 31/10/2012 00:06

Forecasts moved up slightly. I think we can expect more when the Dec update arrives.

[insails] 29/10/2012 17:42

Or whenever the floodwaters subside

[insails] 27/10/2012 15:59

I now hold TWI shares via Hargreaves Lansdown so assume I can trade from Monday.

[kimboy2] 27/10/2012 12:23

12th November is the date it will be de-listed.

I expect that there are rules on what they have to pay though they haven't spelt it out. I would suspect it is the equivalent price on the day it was declared unconditional.

[2andyman] 27/10/2012 12:14

I think that they are still trading up until around the 10th of November but check this with your broker. I think also that if you check your notifications from your broker there may be a final trading date before delisting from AIM.

The shares have been trading the last 2 weeks so, as above, might be trading next week.

If you cannot sell them then Titan International intend to force the sale of the shares belonging to the people who did not accept either of the offers, in line with the takover rules.

I expect that the purchase price of your shares will be the price of the Titan International shares taking into account the exchange rate, divided by 11 and multiplied by the number of shares that you have.

If I am wrong about the delisting date could someone please supply the correct date and the last day of trading on AIM.

[sparrahawk] 27/10/2012 11:57

I missed out on the deadline as I've been in and out of hospital over the last two months can anyone tell me what happens to the old shares now and if they can be sold

[kimboy2] 27/10/2012 00:47

Jeffires increased their target price from $23 to $45.

That would be about 255pps in old money.

[kimboy2] 25/10/2012 23:50

I don't think our leader speaks English as a first language but I gather he is pretty bullish about prospects.

Update on 2013 in December

[eddie catflap] 25/10/2012 15:22

And all of a sudden, a more positive tone...

Shares up 9%

[kimboy2] 25/10/2012 10:31

They don't seem to have made a forecast for next year. There is a conference call today so perhaps it will come then.

[kimboy2] 23/10/2012 23:15

Background: Titan International, Inc. and its subsidiaries manufacture and sell wheels, tires, and assemblies for off-highway vehicles used in the agricultural, earthmoving/construction, and consumer markets in the United States. The company was founded in 1890 and is based in Quincy, Illinois. Titan International shares trade an average of 815,000 shares per day and has a marketcap of $817 million.

Titan International is anticipated to report good third-quarter earnings Before Market Open on October 25, 2012.

The consensus estimate is currently 46 cents a share, an improvement of 17 cents (37%) from 29 cents during the same period last year. The lowest analyst estimate this report is 35 cents per share, and the highest is 58 cents per share.

Titan International has 5 buy recommendations out of 6 analysts covering the company, 1 holds, and none recommend selling. The average analyst target price for Titan International is $28.48