Total Systems Share Discussion Threads

[sailing john] 25/3/2010 12:16

Egoi - Off topic
I assume SF is not working for anyone
Do you think it's a temporary fault or is it RIP SF?
I sense that Conrad has lost interest.
SJ

[davidosh] 23/3/2010 15:11

Crikey guys....there was a clue in the date 3/23/10 !

That was US. research on a totally different company which probably explains the ticker being different....lol

That is not to say that this one is performing any differently mind you !

[egoi] 23/3/2010 14:35

Might have looked a tad more professional and credible if they'd:

A: Got the ticker correct.
B: Got the Company name correct.

Bazooka that Benzinga? :)

[liarspoker] 23/3/2010 14:09

Sell this dog. :#)

[9degrees] 19/3/2010 10:59

things happening on INVU site - could this benefit TTS? as TTS market their systems

[weatherman] 05/2/2010 17:41

Still has net assets of 40p including cash of 32p +

And a property worth much more than its book value. I just wish they would release this value to shareholders somehow.

[gingerplant] 05/2/2010 14:00

Not really - their announcememnts always read like there's been a recent death in the family - and they're still a lot lower than cash & property. By far the bigger risk is that of delisting. If they'd clear that one up once and for all - they'd suddenly have a lot more capital to work with.

[ar4plcscom] 05/2/2010 12:58

It is a brave investor that buys in with that trading announcement even if cash balances are good.

[weatherman] 05/2/2010 12:46

Improved cash balances

[egoi] 05/2/2010 09:49

Absolutely classic TTS-speak.

Bottom line sounds like they need new contracts.

They say 'prospects taking longer than normal to convert to sales.'

How long since they last announced a contract win? Too long I'd venture!

[essentialinvestor] 05/2/2010 08:08

Where are the Bulls,
The Capita contract and how that represented a step change in prospects?.

Have they ever replaced the Sales Director who left sometime back?.


The story is old but it goes on . .

[rainmaker] 07/1/2010 12:19

Wow, it actually went up!?Could be a purchase of shares by the Company for cancellation but I doubt it as too small.It seems that commercial Property prices have bottomed.

regards

[rainmaker] 18/12/2009 16:47

P, I looked at the value of their Office a while ago using the then yield on commercial Property v rental income and value per sq ft arriving at a figure of some £4mln. If I remember correctly they paid approx £750k for Property around 1987 which is now carried in their books for about £500k-benchmarking the purchase price against the rise in commercial Property gave a value of £4.8mln

regards

[rainmaker] 18/12/2009 16:05

Yep P,apologies, I've double checked and you're right, it's not in the "City" or "Square Mile" as it is often referred to, an area 1.6mln by 2.8mln containing 393 streets, the heart of London's financial district. The actual boundary runs along City Road so I presumed their address was just inside whereas the opposite is true.I used to walk from Liverpool Street to my Office in City Road every mornng and although it was a while ago, I remember it being a 5/10 minute walk.

regards

[essentialinvestor] 13/12/2009 11:09

That is a sizeable first half loss.
I do note that this does not include the full effect of the cost
reduction measures.

Reading back on this thread some here argued that the Capita contract
represented a step change for Total Systems, this has clearly
proven not to be the case in my view.

I can see value here, but a single Majority shareholder
makes this a more complex value play.
There may be a long wait.

There may also exit an outside possibility that Total Systems could decide to delist, then what happens to the share price?.

Its one for the brave in my opinion, and the spread is prohibitive.

[pugugly] 12/12/2009 15:02

Rainmaker: Office is not in the City proper. Not even Tiger Woods could drive a ball from the front of the offices to Liverpool Street, but he could easily hit the Angel Islinton tube station.

That said (imo & dyor) it is probaly still undervalued even after the current property crash.

The real question is "How to unlock the value for shareholers" As TB is the major shareholder it may need to wait until he wants to start drawing his pension. Can anyone do a dcf on this basis.

[hugepants] 12/12/2009 11:38

This bit was interesting.

"...It is comforting for customers to know that we have a more stable financial platform than the vast majority of our competitors. Existing clients as well as sales prospects can have confidence that we are financially strong and will be there to support them in the future..."

Are some of their competitors in trouble? Perhaps TTS will be able to use their financial might and pick them up cheaply.

[egoi] 27/11/2009 13:25

Loss of 3p a share, balance sheet pretty much intact (cash 32p per share, no debt, assets 40p).

New product launched, yet more cost savings to kick in H2.

Promise of more sales............

...........Been here before haven't we?

[9degrees] 27/11/2009 13:11

I wonder what has happened to the work they were doing with capita ??
This was supposed to be on -going and capita seem to weathering the storm?

[hugepants] 12/10/2009 15:05

they have released a new product called bluescape

[hugepants] 06/10/2009 19:29

It sounds as though part of the property is empty.

And 50 grand listing costs?

[rainmaker] 05/10/2009 23:32

Thnaks HP, Funny, I don't think the article mentioned that the Office is located in the "City"ie a stone's throw from Liverpool Street Station.

regards

[hugepants] 05/10/2009 23:09

This is a very good article from a shareholder who was at the recent AGM.

An Asset-Rich Software Share
By
AliceInWonder

Published in Company Comment on 25 September 2009