Tangent Communications Share Discussion Threads

[dashton42] 04/3/2014 10:06

Thanks Hastings - a useful article, and an interesting site too.

[saucepan] 04/3/2014 09:12

Added a few more at 10.5p. Not easy to get stock.

[hastings] 04/3/2014 08:58

Some thoughts that may be of interest to others taking a look.

[yump] 03/3/2014 22:13

You've got to promise not to sell them all yet ;-)

[underhill] 03/3/2014 22:02

And it came to pass! (breakeven that is)

:-)

[minuteman] 03/3/2014 17:29

Good to see a few new investors here!! All looking very positive

[battlebus2] 03/3/2014 16:31

Thanks Cheshire Man.. Update in the morning a possibility.

[loafingchard] 03/3/2014 16:23

Took another slice today , wish I hadn't dithered last week ;)GLA

[cheshire man] 03/3/2014 16:07

Nice move up into the close,,,,,,,,,well timed on your buy's battlebus and saucepan :-)

[battlebus2] 03/3/2014 13:31

Welcome Saucepan, good to see you here. Stock very hard to get.

[saucepan] 03/3/2014 13:22

Hi folks.

GHF: thanks for the tweet heads up :-)

After some weekend research, I joined you today. Had to pay 10.25p.

[cheshire man] 03/3/2014 12:53

Two trades already paid over I see :-)

[battlebus2] 03/3/2014 12:43

Spread shows 9.75/10p but i can't buy any size under 10.25 atm.

[battlebus2] 03/3/2014 11:24

Hi Underhill, you have held these quite a while then, good to see your nearing breakeven. I hope to see you well into profit soon.

[underhill] 03/3/2014 10:55

Hello battlebus,

Nice to see a familiar 'face'.
Been in here since 2005/2008 (two purchases).
'twas my b-i-l's tip; he worked for one of the forerunner companies.
Just shy of break even now!

[yump] 03/3/2014 09:14

Odd share at times with the volumes - seems to have big volumes with not much price action and then smaller ones shift it.

[battlebus2] 03/3/2014 08:55

Could be an update in the morning if last year is anything to go by. Seems to be a bit of buying interest this morning.

[battlebus2] 03/3/2014 08:35

Last shares available at 9.75p i believe then 10p :))

[battlebus2] 03/3/2014 08:06

Always on the look out for value companies and this one fits the bill.. In this morning market gloom or not , had to pay over the odds and ticked these up :))

Great summary GHF..

[yump] 02/3/2014 20:34

GHF I forgot about the tax increase - thanks for posting. So potentially cheap this year, rather than very cheap and then getting cheaper all the time, assuming they benefit from continuing cyclical recovery + organic growth.

I'm hoping for a reversal of the double whammy earnings drop + rating drop that happened a few years ago ! Theoretically it should work both ways.

12.7p seems an odd price to me. It fits with resistance/support from ages ago, but it would leave the chart for the last few years looking odd and incomplete, especially since the last several rises have been about 50%.

0/T IDEA has held up well.

[glasshalfull] 28/2/2014 17:46

Well some of us are/were looking to accumulate. Tick up suggests the particular seem of stock dried up towards the close today.

Canaccord retain a 12.7p target price and indicated at time of H1 results that TNG was significantly undervalued in comparison to peers Vistaprint and Shutterfly who at that stage were valued c.125% higher on an EV/EBITDA basis.

Today marks the completion of FY 2014 with 0.59p dil. EPS forecast for year gone.
It is worth reminding that the tax charge is forecast to rise to 33% for H2 to produce normalised rate of 28% for FY 2014 and therefore not a simple case of simply looking at H1's dil EPS 0.39p and simply x 2.

However I believe the company will exceed this target and that forecasts of 0.78p and +33% earnings growth for FY 2015 (PER 11.8) will be upgraded in due course given the continuing UK recovery underpinning all business areas; growth in digital communications benefitting Tangent Snowball; reduction in CAPEX & full integration of Goodprint providing improved margins not to mention Ravensworth benefitting from cyclical nature and improvement in UK property market.

The company should also finish FY 2014 with c.£3m net cash, decent cash generation and dividend yield c. 2.2%

Looks a decent investment proposition.

All IMHO.

Regards,
GHF

[mo123] 27/2/2014 17:34

Looking at the sells today, the price held up relatively well. Could it be that someone or a fund is quietly accumulating stock?

[loafingchard] 27/2/2014 16:57

Someone didn't want to hang around for the update

[yump] 26/2/2014 23:41

I think you're right. Don't want to count chickens, but a lot of things look like they are converging positively.

The only negative is that its probably not that trendy or followed that much, so if there's a re-rating it might take a while.

On the other hand I've had 'sleepy' companies before that take off.

[bollers] 26/2/2014 19:04

yump - less scientifically but still a positive IMO, I believe the company still has funds for buying back shares.

From 1st March their employees are going to be allowed to buy £150/month shares in an employee share incentive scheme - with an initial chunk of £1500 allowed in March.

If I was a director of TNG I'd want this scheme to get off to a good start by doing my best to see the share price rises at least in the early days. Therefore I'd hold off using company funds to buy back shares, and therefore increasing the price, until after my employees had got their initial £1500 allocation.

Might be rubbish but added to the buoyant housing, and therefore estate agent market, +ve trading statement and recent deal signed, TNG is starting to look decidedly cheap in my view.