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TRS Tarsus Group Plc

424.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tarsus Group Plc TRS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 424.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
424.00 424.00
more quote information »

Tarsus TRS Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 24/5/2019 17:21 by vprt
Yieldsearch / galeforce1: Yes, and in addition I believe John Lee holds (most of?) the following: VP, DJAN, TFW, NICL, TON. And others.

TET is his #1 holding by size. He topped up CTR, CTG, and AIR early this year (steady, low profile, divi-paying smallcaps trading at low valuations), in addition to wisely building his large TRS stake. He has been reducing PZC despite his own long-standing very close association. (This is mostly from the 2 Feb column). More recently he talked up CTR by pointing out its, to him, mysteriously low valuation.

Like you, galeforce1, I hold several of these and keep an eye on what he does. I actually also had the genuine pleasure of having a good chat with him at/after an AGM, which only a handful of people attended, a couple of years ago. (I took the opportunity to thank him for bringing my attention to TET before it took off).
Posted at 24/5/2019 16:01 by mpjsb1
Re trading somewhat above the bid price remember there's a 7.7p dividend to be paid also. Be nice if someone else expressed an interest but I'd be surprised. Having said that, I think it went xd yesterday so scrub the previous comment!
Posted at 13/3/2018 15:47 by its the oxman
Yes , surely good value around 300p with dividend to come shortly , and trading ahead of last year.
Posted at 01/2/2018 22:41 by bscuit
Turns out Charles Stanley Direct did as well - I crosschecked the declared dividend against the ISA receipt.
Posted at 01/2/2018 18:02 by macc2
Reply to my question about withholding tax from TRS. There is indeed an automatic DWT chargeable on all payments. However, if the broker is in the UK the broker would usually register their UK residency with the Registrar and DWT would not be applied - the dividend would be received gross. However it is up to Barclays to do this.

So I have messaged Barclays and they are investigating. The strange thing is that they did pay the July 17 dividend payment gross - without any DWT. So presumably they already have the correct registration with the Registrar????
Posted at 31/1/2018 14:15 by macc2
Thanks grahamburn. I have emailed the company to ask about the about the dividend access plan.
Posted at 30/1/2018 15:21 by grahamburn
It sounds like you haven't joined the company's Dividend Access Plan so have been subject to the Irish Withholding Tax. Tarsus is resident in Ireland for tax purposes; hence the deduction.

The Dividend Access Plan (forms available from the Registrar, I believe, though after these shares were purchased awhile back the form was sent automatically) enables the dividend to be paid through a UK entity and paid gross.

Couldn't find anything specific on the company's website, but did find the following buried in the last Scrip Dividend documentation which does provide some information on the technicalities:
_______________________

Credit for Irish Dividend Withholding Tax
No Irish DWT should be withheld from dividends paid to UK tax resident Shareholders (whether an individual or corporate shareholder) if the appropriate declaration has been lodged with the Registrar’s Irish office prior to the dividend record date....

If a declaration is not, or cannot be, made and Irish DWT is withheld from such dividends, HMRC will generally give credit for any Irish DWT withheld from the payment of a dividend and not recoverable from the Irish tax authorities against UK income tax payable by Shareholders in respect of the dividend.
______________________

Probably worth asking Barclays about this as there may be difficulties with certain nominee accounts.

Hope this helps.
Posted at 29/1/2018 17:34 by macc2
Re the Tarsus dividend paid on 12th Jan. Barclays only paid me 80% of the dividend. Anybody else in the same situation?
Posted at 29/7/2015 07:03 by battlebus2
Results out...

Financial highlights


Financial highlights - six months to 30 June
-----------------------------------------------------
2015 2014 2013
----------------------------- ------ ------ ------
Revenue (GBP'm) 34.0 23.1 26.0
----------------------------- ------ ------ ------
Adjusted profit before tax*
(GBP'm) 5.5 3.0 3.9
----------------------------- ------ ------ ------
Profit/ (loss) before tax
(GBP'm) (1.9) 0.3 0.8
----------------------------- ------ ------ ------
Adjusted EPS* (p) 3.4 1.5 2.6
----------------------------- ------ ------ ------
EPS (p) (3.0) (1.1) (0.9)
----------------------------- ------ ------ ------
Operating Cash Flow (GBP'm) 9.5 1.9 8.9
----------------------------- ------ ------ ------
Interim dividend per share
(p) 2.5 2.4 2.3
----------------------------- ------ ------ ------

-- Sector leading organic revenue up 14% on 2014 as adjusted for biennial exhibitions and acquisitions clearly demonstrates delivery of our Quickening the Pace Strategy

-- Record adjusted profit before tax* and adjusted EPS up 39% and 31% respectively over the biennial cycle

-- Interim dividend up 4% to 2.5p (2014: 2.4p)
Operational highlights

-- Strong performance from Emerging Markets
o Asansor and Komatek (Turkey) performed well

-- Visitor growth across portfolio of 9%
-- Launches of two brand replications in Mexico - GESS and Industrial Print Expo
Strategic highlights

-- Strategic repositioning of portfolio complete
o Disposal of French business (July 2015)

-- Acquisition of PAINWeek in US adding final pillar to the Group's preventative medicine portfolio

-- Acquisition of AMB doubles South East Asia portfolio
-- Banking facilities increased to GBP75m and extended to 2020
Outlook

-- Forward bookings currently 15% ahead of 2014 (adjusted for biennial exhibitions)
-- Promising outlook for larger events in second half, including Labelexpo Europe and Dubai Airshow

-- Turkey and Medical divisions in line with expectations
-- Group remains confident of delivering a strong performance in 2015
Douglas Emslie, Group Managing Director, said:

"Our record trading performance in the first half was very encouraging and we also made further strategic progress with our replications in Emerging Markets. The investment in our portfolio has resulted in sector leading organic revenue and visitor growth.

"The execution of our strategy gathered pace recently with acquisitions of PAINWeek and AMB and the agreement to dispose of our French business.

"Revenues for the year as a whole are heavily second-half weighted owing to the timing of the Group's larger exhibitions. Bookings overall are 15% ahead adjusting for biennials. Prospects for our two largest events in the second half - Labelexpo Europe and the Dubai Airshow - are encouraging. The Group is increasingly confident of delivering a strong result for the year as a whole."
Posted at 06/7/2015 06:17 by battlebus2
AMB Group Joint Venture - Building Scale in South East Asia

Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group"), the international business-to-business media group, today announces that it has further strengthened its portfolio and growth prospects in South East Asia by acquiring 50% of the AMB Group via a joint venture vehicle AMB Tarsus Exhibitions Sdn. Bhd. ("AMBT") from Andrew Siow and Richard Yew (the "Vendors") (the "Acquisition").

Established in 1996, the AMB Group is a major South-East Asian exhibition organiser with a major presence in Myanmar and Cambodia and a growing business in the region. It has built up a portfolio of market leading exhibitions and conferences in some of Tarsus' key strategic sectors with the largest focused on building, infrastructure, automotive and food processing.

AMB Group has enjoyed strong growth in recent years, driven by the establishment of leading events in Myanmar and Cambodia - MyanFood and Cambuild respectively.

The partnership adds significant scale and presence across South East Asia, building on Tarsus' existing successful assets in Indonesia - PT Infrastructure Asia and the replication of two Tarsus brands, GESS Indonesia and Table and Home Indonesia. Tarsus intends to scale up AMBT's existing events and launch new exhibitions in its existing markets.

As part of its accelerated replication program Tarsus also expects to be able to introduce a number of its leading brands into AMBT's markets of Malaysia, Myanmar and Cambodia. Tarsus will also assist AMBT to access Indonesia by utilising the Group's existing infrastructure in that market.

Acquisition highlights

-- The Vendors, who have over 30 years' experience in the exhibition industry, will continue to manage the business after acquisition.

-- The acquisition of 50% of AMBT is for an estimated payment of $13 million (approx. GBP9 million) in cash of which $4.1 million (approx. GBP2.6 million) is payable on completion of the Acquisition with a further $4.1 million payable in January 2016 and deferred payments linked to the performance of the business up to the end of 2017. The total consideration for the initial 50% is capped at $20 million (approx. GBP12.8 million).

-- For the year ended 28 February 2015, AMB Group recorded unaudited profit before tax of approximately $2.2 million (approx. GBP1.4 million) and unaudited gross assets of $2.9 million (GBP1.8 million).

-- The consideration will be met from existing financial resources. To provide additional headroom the Group has increased its bank facilities to GBP75m (from GBP60m) and extended the term of the facilities out to July 2020. The other commercial terms of the bank facilities are unchanged.

-- The Acquisition is expected to be earnings accretive in the financial year ending 31 December 2015 and thereafter.

-- There is a put and call option in respect of the Vendor's remaining 50% stake in AMBT (the "Remaining Stake"). The Vendors will be permitted to sell the Remaining Stake to Tarsus in the event of a sale of at least 50.1% of Tarsus ordinary shares of 5p each collectively held (either directly or beneficially) by both Neville Buch, Chairman and Douglas Emslie, Group Managing Director as at the date of completion. In this circumstance the Vendors may sell their Remaining Stake to Tarsus for a maximum consideration of $25m (approx. GBP16.1 million) in cash determined in reference to the profit of AMBT in the financial year (31 December) immediately preceding exercise of the option.

Douglas Emslie, Tarsus Group Managing Director said:

"AMBT is an excellent strategic acquisition and allows Tarsus to build scale in South East Asia with an entrepreneurial partner. Many of the ASEAN economies are growing strongly and the AMBT joint venture will offer us first-mover advantage in some key sectors in these exciting markets.

"I have known Andrew Siow for over 20 years and he and Richard have an excellent track record in launching and developing events in the region. Their expertise will add significant strength and depth to the Group's operations in South East Asia. We expect there to be compelling opportunities to replicate Tarsus' leading brands into AMBT's geographic footprint."

Tarsus intends to announce its results for the six months ended 30 June 2015 on 29 July 2015.

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