||EPS - Basic
||Market Cap (m)
|spurious: Think these have fallen far enough and have taken a bite after a long absence. Originally bought these at 16p and sold for good profit after holding for several years I feel the technology is still a global success and it is management that lost the way.I feel the renewed focus and determination can return the company to a point where its share price reflects its profitability and not just its potential
If not then this company will be quickly devoured
Regards to all on this thread
|cmteft: it seems there have been large quantities of shares changing hands with the institutions as stock is hard to get. Some buying activity including the new management team but still no change in share price and only trading at multiple of 7 based on revised estimates (produced by Edison Research, eps 4.65 down from 6.53p - target price 100p. Probably stock out of favour following profit warning.
Reviewing the interim results show underlying pbt of £1.1m, with "second half weighting" one would expect higher PBT than £1.8m (Edison Research) for the full year, even with additional £300k costs of new management team (IMO & DYOR)?|
|jeff c: Looking at today's RNS:
I'm having trouble making sense of the form to determine the number of shares sold but if we say Eaglet Fund sold 2,573,412 shares on 1 May 2007, at a share price of 120p (ish). That equates to about £3.1m.
According to Eaglet Fund latest commentary (last updated 30 March 2007):
The fund size = £108.9m
THN was 2.9% of the fund, which equates to £3.1m
So it looks to me like Eaglet have sold out completely.
But there's been no trades that size going through the market. So who bought them I wonder?
Interesting commentary for May from Eaglet fund manager, Peter Webb:
" ..... Strong share price performances from Mears Group, Thomson Intermedia, Wren Homes and Imprint where share price gains were 10 per cent plus helped us make progress ....."
Thomson Intermedia - strong share price performance??? Uhhh ??|
|jadeticl: I was stunned by the events of this week! Not just the fall in share price (though that was staggering), but in trying to understand why it was so severe. I re-read the previous announcement of results for the half year to end July 2006, which were issued 18th Ocy 2006. These were very upbeat. Everything was fine and the outlook was excellent. Not a cloud in the sky. So what has changed? There is no statement in the recent (January) announcement that anything else has changed, other than that Development Revenues are "unpredictable". They assert that there is "a significant pipeline of Development Projects, and that "the Group expects to close a high proportion of these during the current calendar year". If that actually occurs are we then back to where we were a week ago, and everything is fine? Or is there something else that I am missing? Can any-one out there explain whether this company has lost its way in the last 6 months, or whether it is simply that Development revenue, which was £2.2M for 12 months to Jan 2006, will be £1.5M lower for this 15 month period to April 2007? Help, please.|
|jeff c: Some very large trades yesterday, totalling 2 million shares all at the offer.
That's a whopping 6.5% of the 31 million shares in issue. But no change in share price.
'Wonder what that was all about?|
|the_basil_of_yentup: Hi Rogid, everyone. This is domyoung99 with a new improved ID.
Decided to reverse tack completely and now going long through the results next Tuesday. Shares have comfortably marked a lower second bottom and although only just touching my 180p target on the bid, have now factored in any disappointment with a rearranged German business model should that be the case. Also, the large holders seem to be holding their powder dry for now following the clumsy end-February trades and hopefully will be more careful in the future.
The bull case for THN is clear - their product is excellent, the dunhumby deal perhaps offering up the holy grail of marketing - solid real time analysis of the return on advertising investment. Compelling. 4% penetration of the large customer base is also compelling. Finally, a string of new hires of experienced sales guys is ... compelling - the product is an easy sell, so I reckon the 30% or so revenue growth implied in the share-price is actually more likely to be 50%. After a period of healthy consolidation, THN can easily push on to 300p in a relatively short time, IMHoO.|
|domyoung99: Yup - my mistake - I forgot that the UK double counts with the market maker. The shares went to 3 buyers therefore - 1.275m, 300k and 25k. But clearly this placement has now satiated the institutional buy interest - i.e. the extreme upward pressure on the stock has vanished - hence the 16% share-price fall from the top. Any further new institutions are probably going to be disquieted by founder selling - even if it is in the name of liquidity, so with no news flow until April, the shares are likely to slide back to a level where interest is rejuvenated - lets say 25-30x 6p (150-180p).
The reason I am confident that no news will occur in this period is that the German deal is ground-breaking and early stage. The Thomson's will clearly want to see how this deal works out in Germany before deciding how to pursue other markets - whether that be start-up or similar royalty deals. Best not to count your eggs too soon after a straight line rise - the chart clearly shows a retracement under-way with 150p the fibonacci support level.|
|wjccghcc: The only thing that bugs me slightly is that I think they rushed out the trading statement because the institution wanted to buy in, the closed period was approaching and the founders didn't want to sell without full disclosure. I wish they'd waited 'til after the year end so we could have had a bit more detail in the statement.
I am however comforted by the fact that none of the other directors who bought recently have been selling. Also, I note the founders at Daniel Stewart (DAN) recently sold a large chunk to satisfy institutional demand and that share price has since gone up 20%.
Hopefully we'll now consolidate around here, unless of course the institution wants to increase their stake further.
As you say, roll on April.|
|wjccghcc: I reckon there's a placing underway, hence the markdown to a level where the institutions will take them in volume. Good trading statement ahead of year-end and closed period beginning next week. Probably a director sale (since they own more than 50%) to satisfy institutional demand. After the volatility settles down, should provide a nice base for the share price. Just look what happened to XNC after their placing this morning.|
|spurious: My name is Thomson and Im feeling lonely and unloved No one talks to me for
days and even when I give them good news they still ignore me.My share price keeps on rising and my mum and dad Peter Webb and Katie Potts(still likes to use her maiden name)still love me. I just seem to keep on growing and one day soon Im going to grow to well over £1 and be rich and famous and then everyone will like me but I really really would like to be loved now..............
Dont worry Thomson I still love you and you continue to make me and my 90000 shares very happy
Thomson Intermedia share price data is direct from the London Stock Exchange