||ORD 1P (DI)
||EPS - Basic
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Real-Time news about Tinci Hldgs (London Stock Exchange): 0 recent articles
|addict: The value seems to be all about what the major shareholder is prepared to pay for the shares he doesn't hold,rather than where the share price sits on AIM.Transfers between directors took place at 20p plus.All very odd.DYOR|
|simonparker5: So much for the "we have no idea why the share price has risen" statement!|
|orinocor: Trapped? What are you talking about. No-one expects to make a profit in a day or two. But in a one two months look out for these being 2 or 3 times this share price.
|simonparker5: Results today which can be best summarised as expected. No loss last year which is good although this year unless things pick up could see a loss. I suppose the biggest risk here is the amounts of debtors they have. Mind you if they were successful at collecting all of these then they would have some £11m in cash. The share price reflects the markets view that these are going bust but given todays results that is not the case. IMHO|
|puku: Sranaml - I am new to this stock, thanks for the referral to Obj Cap. Excellent report, especially the schedule of potential contracts, only needs some of them to succeed. I cant see 2006 being that bad. 2005 was T/O 16.0 PBT 3.9 = 24% 2006 Interim 9.2 PBT 1.7 = 19%. 2006 total turnover will be above 2005 so if we say (my own guesses ) 8.0 - 9.0 at say 15% then PBT will be in region of £2.9 m. Thats a P/E of single figures, and no expansion built in to present share price. Looks very cheap below 50p over 2 year view.|
|777pb: There is no way Tinci will branch out of China for the forseable future. The whole reason for the excitement in this stock is it's domestic potential. The Chinese gov. has brought in tough legislation on poluters and they have until 2010 to implement some form of reduction. There are somewhere in the region of 10,000 plants that need upgrading and any new plant must be built with this technology in place. They have also stated that they will have the technology to increase their capacity from 50t to more than 100t by the end of this quarter which can nealry double their potential market reach.
The chinses gov are also offering tax incentives to companies who adopt this form of pollution reduction.
All Tinci need is one utility to agree a tender and that will completely change the scope of this company.
As for those saying about the US that seems a pretty stupid approach for them to take for two reasons. Currently the US is not in the Kyoto agreement and thus doesn't have to make any plans to reduce emmisions like the rest of the world (China isn't either but they can see the problems they are causing domestically) and secondly there partners such as Ducon already operate there. I can't see Ducon who allow Tinci to operate in China with their product under licsense sell Ducon's products or Tinci's own in their back yard when they already have agreements there.
The poor share price performance of late is due to the lack of communication from Tinci since their IPO roadshow back in the summer. Those of you with patience will do very well with this stock in the long term and I'm sure there could be some short term boost if and when they update the market.|
|affc21: Another way at looking at it is, if they are performing as expected (broker forecasts: corporate Synergy, which has released forecasts ahead of the flotation, envisages a rapid ramp up in pre-tax profit to £6.6 million in 2006, jumping to £11.6 million by 2007), would put them on a forward PE of 5 at present share price (probably a bit more than a PE of 5, depending on the rate of tax?),which would make them cheap.
Any feedback welcome.|
|affc21: Share price just moved up, must be a (large?) trade thats yet to show.|
|egoi: Elmfield, that's one thing (at the moment) TNCI isn't suffering from, an overhang, nearly every buy yesterday moved the price up. I always like when a share price responds in such a way, suggests at worst the mms have a balanced book - at best they are a bit short!
However Abdul I see no reason to think any move to 150p will be other than gradual, we don't want another rush of Joe Punters to say 140p, followed by the inevitable pullback to about here, let's get there but nice and steady.
My target incidentally for fair value would be 160p. That would be a p/e of 12 for the current year falling to under 8 next. Given the growth profile here that looks about right to me, though I might settle for c150p if it did get there very rapidly.|
Tinci share price data is direct from the London Stock Exchange