Share Name Share Symbol Market Type Share ISIN Share Description
Trafficmaster LSE:TFC London Ordinary Share GB0007215949 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 46.75p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 57.5 5.1 3.6 12.9 63.72

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DateSubject
22/6/2010
17:11
buenos aires: Or .to put it another way , " These small private investors come here ,buy a few shares and somehow think they own a share of the co . So lets make it clear for once and for all ,we the board own the co ,along with our main shareholders,and brokers .We decide what the share price is,and if we want to sell to whoever we want ,thats our right. Look up the small print. Now we gave you small shareholders a small profit ,take it and get lost ,before we decide to value the co at zero pence.....( we can you know!!)" The above may not apply here but generally its pretty close to reality when investing in shares ,in ANY co. Loyal,long term investing is for mugs !!
17/6/2010
10:12
orange1: GerdM All the information in the Blair article is to be found in the Scheme Document: http://www.trafficmaster.co.uk/__assets/doc-page/Scheme-Document.pdf This is the relevant bit about interest shown by potential bidders: "Prior to 2010, Trafficmaster received several unsolicited approaches which resulted in indicative offers from prospective acquirers representing both industrial/trade buyers and private equity buyers. These offers, at values materially below the Acquisition, were all rejected by the Board, after consultation with its financial advisors, as not representing fair and reasonable value to Trafficmaster Shareholders. More recently, after considering the ongoing pace of consolidation in the US market, the Company's limited success in executing its own acquisition strategy, the likely negative impact on the Company's value should it not actively participate in this consolidation, and following receipt of two separate indicative offers, one of which the Board considered could deliver fair value to Trafficmaster Shareholders, the Board decided to allow these two interested parties to proceed in their preparatory work towards firm offers for the Company. In parallel, the Board and its financial advisors contacted, or were contacted by, certain other parties potentially interested in making an offer for the Company. Following a movement in its share price and press speculation, on 28 April 2010 Trafficmaster announced that it was in discussions which might lead to an offer for the Company. Subsequently a further approach was received from a third party which also proceeded in its preparatory work towards a firm offer for the Company. As at 1 June 2010 and after extensive due diligence investigations in a competitive process, the Board had received confirmation from both of the initially interested parties of interest in proceeding to make a firm offer to Trafficmaster Shareholders at a price of 47 pence per share. At this stage, as Vector Capital was the only party to confirm that it was in a position to immediately announce a firm offer at this price, the Independent Directors determined to recommend the Acquisition to Trafficmaster Shareholders."
16/6/2010
13:28
restassured: Look how mean our offer was compared to Interlek.. Intertek premium to share price The Offer Price of 32 pence per Intelek Share represents a premium of approximately: -106.5 per cent. to the Closing Price of 15.50 pence on 15 June 2010, being the last Business Day prior to the date of this announcement; and -117 per cent. to the average Closing Price of 14.75 pence for the twelve months prior to and ending on 15 June 2010, being the last Business Day prior to the date of this announcement. Trafficmaster premium to share price. The Acquisition represents a premium of approximately: · 19.75 per cent. to the closing price of 39.25 pence per Trafficmaster Share on 27 April 2010, being the last dealing day prior to the commencement of the Offer Period; · 40.13 per cent. to the average closing price of 33.54 pence per Trafficmaster Share for the three month period up to and including 27 April 2010, being the last dealing day prior to the commencement of the Offer Period; and · 45.89 per cent. to the average closing price of 32.22 pence per Trafficmaster Share for the twelve month period up to and including 27 April 2010, being the last dealing day prior to the commencement of the Offer Period
02/6/2010
13:40
restassured: It is a disgrace because the shares have traded at 72p in the last three years. Cybit got taken over and in that case they stated that the bid was the highest price in over 5 years. TFC came out with "this traded at an average of x in the last few months. During that time we know the share price was heavily manipulated,especially just after the results,enabling Schroders and Aberforth to load up on shares. How about the fact that we stood by during the recession,only to be screwed as soon as it is starting to end. Once again directors are feathering their nests at the expense of shareholders.
02/6/2010
08:21
gerdmuller: I think sweenoid has this one spot on with the shareholders betrayed comment. Is it any surprise that the share price has been languishing in the sub 40p level for so long with such a spineless set of directors running the company. They should never have even been wasting their time talking at that price. If there is nothing lurking in the financials they have have not told us about then the price could have easily reached that level in a short period. If the bid does fall through though will you still want to be holding shares in a company run by a bunch of uninspiring no-hopers like this?
29/4/2010
12:48
and1: looking into it a bit more when i compare 2007 vs expected 2010 sales m# eps share price 2007 48.4 3.97p 65p 2010 67.8 4.98p 48p on 2007 basis, the share price in 2010 could be 20-25% higher than 65p ie 80p which is I guess where some optimistic estimates have come from. but why is the share still at 48P?
28/4/2010
07:06
restassured: 28 April 2010 Statement re Share Price Movement Trafficmaster Plc (the 'Company') notes the recent movement in its share price and press speculation and can confirm that it is in discussions which may or may not lead to an offer being made for the entire issued share capital of the Company. There is no certainty that any offer will be forthcoming. A further announcement will be made in due course. Number of Relevant Securities in Issue: In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 'Code'), the Company's issued share capital consists of 150,339,632 ordinary shares with a nominal value of 5 pence each ('Ordinary Shares'), each share having equal voting rights.
29/3/2010
10:39
restassured: Updated consensus forecasts from Canaccord and Panmure Gordon for 2010 and 2011 are as follows 2010 Pre tax profit £7.65 million EPS 4.98p for a 2010 p/e of 6.9 2011 Pre tax profit £9 million EPS 5.83p for a 2011 p/e of 5.9 Share price could double to 69p and still be on a p/e of under 12 for 2011 Plenty of upside. ps The mm's were selling stock up at 37p and to get hold of it they bring down the bid to attract sellers.Once they have balanced the books they will move the price again. The offers or bids you see on the boards are often in concert with the mm's. Offers are frequently put up on the board to attract sellers by making the price look weak and vice versa. If I was a fund manager and wanted to buy a chunk of stock without the price running away from me,I would first try to damp down the share price by putting lots of offers on the boards as we have seen in the last week. All is not what it seems. I used to work on the stock exchange floor and have seen all the tricks.I spent many hours around the mm's stands, listening to what they got up to. It used to be referred to as "working the price." In the USA the markets are order driven,however that is not the case in the U.K.for the majority of shares. Hence the lack of opacity and manipulation of the U.K.market. The FSA, which is supposed to regulate the U.K market has been a damp squib in eradicating manipulation.Last weeks arrests of bankers was only because they are under threat of losing much of their power. They have over a decade to get their act together and have done nothing to protect investors. They completely failed to spot the imminent collapse of Northern Rock.
29/3/2009
12:00
restassured: Bargain Shares For Value Investors By Chris Menon Published in Company Comment on 27 March 2009 1 comments The bear market has left many companies trading at a discount to the assets in their balance sheets. Shares have not been this cheap for a long time. In the current environment there are plenty of bombed out shares but how can you spot a bargain that won't lose your investment? One yardstick is to measure a company's net asset value against its market valuation. The total value of a company's assets less the total value of its liabilities is its net asset value (NAV). For property companies in particular this is a good starter for valuation purposes, although it has to be said that falling property prices mean you need to view their own valuations with healthy scepticism. Certainly, with companies in other sectors, if you use this method of valuation you need to take great care of how you treat intangible assets, as when things go awry, the book value placed on them is impossible to realise. For companies other than property companies, a more sophisticated valuation method is to measure net current asset value (NCAV) against market valuation. How to calculate 'net current asset value' NCAV compared to market value is calculated by taking a company's current assets and subtracting the total liabilities, and then comparing the valuation to its market value. It is a valuation method made famous by Professor Ben Graham to determine if a company is trading at a fair market price. Graham argued that is a company is trading below 67% of its net current asset value per share it is probably worth investing in (subject to the usual caveats). The perfect scenario is to buy assets that have a realisable cash value at a discount, and pick up rest of the business for nothing. Three contenders In practice it is rare to find bargains like this. French Connection is one such bargain viewed in terms of its share price discount to NCAV. MWB is at an even greater discount to NAV. Trafficmaster, heavily discounted to NAV is at a slight premium to NCAV but still attractive as it is actually profitable. 1. Trafficmaster (LSE: TFC) Trafficmaster supplies satellite navigation and commercial vehicle tracking systems. Its shares have bombed in the past year and now stand at 19.75p. For the year ending 31 December 2008 it reported a pre-tax profit of £4.8 million, which was 2% down on the previous year, with turnover up 15% at £55.8 million. Its market value at £27 million is approximately half its net asset value of £54.8 million, as reported in the accounts for the year ending 31 December 2008. The more conservative net current asset value of £21.5 million equates to a value of 15.7p a share, which means its share price is only at a slight premium to the minimum value placed on its assets. I think this derating is overdone and, depending on your view of its future prospects, it is worth considering as a long term buy. Certainly it is one to look into. 2. MWB Group (LSE: MWB) The share price of MWB, a property-related business group, has also been savaged in the past year, dropping 77% to 22p, giving it a market cap of approximately £16 million. The group owns a 68% share of AIM-listed serviced office group MWB Business Exchange, which recently announced full year pre-tax profits of £14m for the year ending 31 December 2008, up 5% on the previous year. It also owns a 68% share of department store Liberty and a portfolio of hotels. NAV at 30 June 2008 was £215m stripping out intangibles, which equates to approximately 297p a share Figures for the year ending 31 December 2008 are expected in the next couple of weeks, and MWB is expected to improve upon the pre-tax loss of £13.8 million delivered in 2007. In an announcement made on 11 February 2009 it said: "EBITDA of MWB and its subsidiaries for the year ended 31 December 2008 is expected to be substantially higher than the EBITDA of £26.8m for the year ended 31 December 2007 but may be approximately 10% lower than the external market expectation updated in August 2008." I'd obviously wait until the year-end results are published and pay particular attention to its cash flow and debt situation. Still, it looks as though it could be a very attractive buy for the long term. 3. French Connection (LSE: FCCN) Fashion retailer French Connection recently announced a full-year loss of £17.4m but its shares stand at 62% of its net current asset value per share. The loss included an impairment writedown of £11.9 million relating to the US business acquired in 2001. If you were to strip this out the loss was £5.5 million. With its shares at 51.75p it has a market cap of approximately £50 million. From it latest set of accounts to 31 January 2009 its NCAV is £79.9m equating to 83p a share. As any economic recovery is still some way off, this is one for the long term. More on this topic: Three Asset-Rich Tiddlers | Value shares discussion board
22/9/2006
11:07
ian.g: Thanks to all those contributing to a decent intelligent debate here recently - glad to see the ridiculous pre-results derampers have moved on. Cannoncan, you repeat the suggestion made a while back (by Titanic) that the only time the TFC share price rises is in January, and everyone goes away after the results. As I pointed out to him: that only applies in recent years when the share price has fallen from the beginning of the year to the results. In 2003, like this year, the share price rose from January to the results; there was no selling on the lead up to the results, and the share price then more than doubled by the year end. I'm not suggesting the share price will double from now to the year-end (I'm a holder but not I hope a ramper); but the charts, the management predictions and the analysts forecasts all suggest a continued rise. If todays close is at over 55p that will be the highest high since the first quarter of 05. As has been pointed out above, a close at that level for a couple of days would constitute a breakout and should lead fairly quickly to testing the next level of resistance around 61-62p. Keep the analysis of the fundamentals coming! best wishes to all holders
Trafficmaster share price data is direct from the London Stock Exchange
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