Tikit Share Discussion Threads

[dibbs] 05/12/2005 15:41

Looking interesting today, at the bottom of 2 year uptrend and on 200day MA. Worth picking up a few?
Just a little worried by the phantom letter story and the usual fear that the uptrend could breakdown if we fall any more.
On balance, if the growth continues as projected then a buy IMO.
Any thoughts on the cross trades?

[one for the money] 24/11/2005 15:44

Just back to the screen....

Tole:I did see the note - good news.
Diogenes: I, too, think these are cheap at this price. Aquisitions yet to be priced in properly IMHO.

Cheers
john

[diogenesj] 24/11/2005 11:42

Mine are in nominee accounts too. A strange story. I agree with Charles Stanley that the shares appear to be very cheap still.

[tole] 24/11/2005 09:50

oftm - no worries, am the same as unfortunately.

Not sure if you've seen the CharlesStanley Buy note from sept - but with a revised share price target of 253p they do look like a definate buy in my book for around 30% upside over the next 6-12 mths

[one for the money] 24/11/2005 09:35

Tole: Sorry - I'm in a nominee account so won't see it most likely.

Cheers
john

[tole] 24/11/2005 09:32

Hmmm - the thought 'no smoke without fire' springs to mind....however if anyone received the letter can they share any info on the company involved (if mentioned)

[one for the money] 24/11/2005 09:25

This letter....

Could there be something IS happening in the background and TIK have made a boo-boo - or just a prank by some reprobate?

Cheers
John

[tole] 24/11/2005 07:54

Strange going ons?

It has come to the Board's attention that a number of shareholders have received
a letter from a company purporting to be about a proposed takeover of the
Company. The Directors of Tikit are not aware of any proposed takeover of the
Company and they were unaware that such a letter had been sent to shareholders.
Shareholders are advised to disregard the letter, which the Board believe has
been sent in error.

[tole] 23/11/2005 19:13

OFTM - Nice to know someone is still here :) - looking like a good entry price soon imo...

Rationalisation of the legal software

Cameron says one of the most obvious trends in the past five years has been the rationalisation and consolidation of the legal systems market - not least, of "the huge number of small, massively overstretched time recording and billing vendors" - which is still going on. "The same thing has happened with the legal front office," he says. "Now you have two document management suppliers, two practice management vendors, one for CRM. Back in the 1990s it was different; I remember working for Freshfields to help them decide what word-processing software to use."

While the software development space may have rationalised, the process has gone even further - in the UK at least - among resellers. Five years ago, a law firm looking to buy a document management system (DMS) might find five credible resellers offering the same software. Today, large firms only have one choice - Tikit, whose buy-out of its most credible competitor, ResSoft, was the source of some alarm among firms that feared the move would diminish their buying power.

Tikit's managers countered that on the contrary, it meant the reseller could stand up for its customers and beat down the developers' margins. Still, the paucity of choice has led some firms to buy systems through resellers that normally operate in other markets, such as Calvis and Intech Solutions.

Cameron argues that for law firms, there is a significant upside to the rationalisation process. "Software procurement used to be a complex set of decisions; now there are just a few simple choices," he says. "This means there is less risk associated with buying software but it also means it has become harder to add value; an IT department has to work harder and think more innovatively about how they deploy systems." Now all large law firms realise that DMS is a given; that they have got to have one or the other. There are other DMS systems but the reason they are locked into using either Interwoven or Hummingbird is that these two systems integrate, in a prefabricated fashion, with other key applications that they are already running, like InterAction, Elite, Aderant and Workshare. If a law firm were to choose a different DMS it would inherit a permanent integration burden.

Why bother to innovate?

Law firms now depend on technology every bit as much as they depend on telephone wires and plumbing. But can you get competitive advantage from the use of software systems, or has IT simply become a commodity?

"The answer is yes and no," Cameron says. "It certainly can do. Addleshaw Goddard has a web-TV channel for employment law. It is unique and it must give competitive advantage, or at least it seems to be working. It shows what you can do when technology is combined with a bit of lateral thinking. However, most firms are still just ticking boxes - they have the technology but they have not done anything with it."


Author: Kieran Flatt
Source: Legal IT
Start Date: 06/10/2005
End Date: 03/11/2005

[one for the money] 23/11/2005 14:50

Still here!

[tole] 23/11/2005 13:37

Anybody still here?
Testing support at 186 and lying at the bottom of the 2 year uptrend...
Any takers...

[diogenesj] 01/9/2005 13:17

Topped up on that dip on 11 August at 198p - looks as though I did the right thing for once.

[tole] 01/9/2005 13:02

Yep, looking good - Interim results are due on 6 September (Tuesday) ;)

[cockneyrebel] 01/9/2005 12:46

That's a breakout I think

CR

[cavendish] 11/8/2005 09:23

A biggish markdown this morning on little volume.

Is there a large seller waiting in the wings? Level 2 would show more.

[diogenesj] 09/8/2005 11:30

Yes, I'm hesitating about topping up because it is at the top of its trend, as you say. I'm inclined to hope for a breakout, though, because after the results investors will tend to focus on the disparity between the high growth rate and the rather low 2006 PE.

[tole] 09/8/2005 11:13

Nice spot DJ, agree could be some good upside. Though charts wise is trading at the top of 2 year trend line. Could be time to break this to the upside with results looming. Still in it anyway. :)

[diogenesj] 09/8/2005 11:04

Thanks, Tole. Some good points there. His PE calculation seem to be wrong: the 2006 PE is 13.42 at the mid price of 200p he quotes (200/14.9 = 13.42). But his conclusion is correct: still good value.

[tole] 02/8/2005 11:50

Breaking into new highs.

[tole] 29/7/2005 13:08

A bit of coverage on the recent trading update.

Vendor News: Sales up at Tikit as Thorpe joins
Legal IT Reports

TIKIT, the UK’s largest specialist legal solutions reseller, has announced a robust set of trading results for the first six months of the year, in line with its directors’ predictions.

The company has cited "strong" organic growth "on the back of major contracts won at the end of 2004 and the early months of 2005."

The integration of ResSoft, the consultancy business acquired in February, has been completed and NIS, the infrastructure services business acquired in December 2004, has made a positive contribution in the first half.

tikit has also made some changes to its management team, hiring David Thorpe, previously general manager for the European operations of Thomson Elite, as sales director on 4 July.

Liam Flanagan, tikit founder and former sales director, will concentrate on business development with a particular emphasis on tikit-developed software, an increasingly important part of the company’s business.


Author: Legal IT
Source: Legal IT
Start Date: 28/07/2005
End Date: 29/09/2005

[tole] 21/7/2005 15:30

TIKing up nicely...:) Breakout soon.

[one for the money] 16/7/2005 15:08

Still lurking, and holding!

IMHO still time to get back on board

TIKing along nicely.

Cheers
1-4

[diogenesj] 16/7/2005 11:34

Bought in again a few weeks ago, and was rewarded with a rise partly due to yesterday's tip in the Investor's Chronicle. The Chronic's long term tipping record is poor, but I have the impression that it has improved recently.

Are you still holding, O1 and O4tM? The board seems to have gone rather quiet, but the company appears to have done remarkably well, and I now recognise that I was wrong to sell. :-)