|Tellings Golden Miller Grp
||EPS - Basic
||Market Cap (m)
Real-Time news about Tellings Gldn (London Stock Exchange): 0 recent articles
|aa6: Think you will find Net assets are actually as follows;
Extract form recent interim results;
Having just completed such a major transaction, and before we move onto the
next phase, it is appropriate to review briefly the progress we have made since
we floated the Company on AIM in August 2003. At that time our market
capitalisation at the flotation price of 70 pence per share was 15.3 million
and net assets at 30 June 2003 were 1.92 million. Twenty four months on, our
share price is currently 47.5p giving us a market capitalisation of
approximately 11 million, we have returned approximately 14 million in
dividends to Shareholders and the Group's net assets are approximately 11
million after payment of the 60p Special Interim Dividend. This result is a
credit to everyone concerned and I would like to thank all of my staff for
their hard work. Our task is to be equally successful in the future.
Net assets, including the proceeds of sale of the London Bus Division grew to
24.90 million (31 December 2004 9.82 million). The Group's cash position
following the sale and the Special Interim Dividend is strong.
So I think your assumption is not correct.
|armsteel: an anyone explain the fall in share price please, i dont understand the statement or dividends
|winston270: Does anyone know the reason behind the 10% share price increase today? Special dividend to be paid soon?? News of acquistions leaking out???|
|guru11: Balance sheet will look weak if 60p per share is given back,
but even so the share price may not drop back to 56p afterwards.
Thats the gamble of buying now - paying 116p and getting 60p back -
although when this will happen is another question - and knowing
what the share price is afterwards and knowing what profit to
expect afterwards as well - presumably it will less if they have
sold part of the business.|
Surely if the group balance sheet is in such a poor state and there's a chance they could go under, no Financial Director would agree to paying a special dividend equating to nearly 65% of the sale proceeds! WMT Ltd is taking on £2.7Million in dept liabilities as part of the disposal of the London Operations, most of which is probably due to the hire purchase of new vehicles for Transport for London contracts...
Steve Telling & TGM are both well respected in the bus industry! Taken from the Disposal RNS:
" The balance of the proceeds of Disposal will be retained by the Company and will be used to repay bank indebtedness and provide additional working capital for expansion of the Group's interests "
Unfortunately I bought in @ 125p back in early March, I bought on the hope that National Express would make an offer for TGM's London operation as I knew National Express were looking to increase the size of there Travel London subsiduary... I was right on that count! however I had hoped the share price may have hit the 170 - 180p mark as it did previously with the speculation about Nat Exp sniffing round,
|guru11: I've seen this situation before with companies returning money back to shareholders, and in most cases the share price rarely goes back from the share price currently minus the give back 116p less 60p = 56p - but will it go back to that price?
nCiper I believe was one and I missed that one, believe the price rose higher in the end to the original share price. Still a gamble though. Haven't looked at the balance sheet though.|
|winston270: Has anyone got any idea on where TGM's share price could be after the disposal of the London Bus operations is completed and the special dividend has been paid?
Could the remainder of the current business, plus the £7.2million cash retained from the disposal leave the share price languishing around the 55-60p level? However there have been some sizable buys going through most of the day!!!
Anyone any thoughts....!?!
|invisage: Hey Guys,
Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline -
A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month.
Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year.
Heres a few reasons why its a good time to buy now...
* Results in 7 weeks (16th June)
* ISA Stock
* The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover
* Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6
* Offers a healthy 4.7% dividend yield
* Market Cap. 45.70 m
* Shares In Issue 34.49 m
* 3.7% spread
* Directors and Institutions hold 61% of the shares, very few in public hands.
* Loads of cash in Bank
* Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month.
* 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds
* Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range...
When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow.
|mad mike: Telling's final results out today.
- they grew their eps(after tax) by 72%,
- now they are only on a PE=14, and that is after tax, and using the last financial year
- they have reduced net debt from £8.68M to £4.97M (FYI Mrkt Cap=£30.8M)
Conclusion: A somewhat undervalued company IMHO:-
Click here to see results
Telling's also announced two more acquisitions. This really is a growth company. They have been contining to make acquisitiosn like this, and also increasing penetration of profitable Transport for London contracts (partly through acquisition, and partly through internal growth).
Click here to see acquistion RNS
There is an analyst presentation at 10am today, so maybe we will see a rise in share price as the value of this compnay sinks in.|
Tellings Golden Miller share price data is direct from the London Stock Exchange