Transware Share Discussion Threads

[jnbrw] 15/8/2002 22:28

it's obvious the company don't give a fig for shareholders as the share price has been decimated from the mid 60s in January to 7p bid now - I make that a loss of 90% of the company's value or thereabouts and what have the company said or done nothing - they can't even be bothered to issue a statement or make any kind of comment /offered any reassurances /or issued any trading statements etc to shareholders over all these months - they must have complete contempt for the shareholders.

[contract note] 15/8/2002 16:51

sold on to others

[the jitters] 14/8/2002 01:46

According to RNS today, Fidelity no longer hold any TRW stock. Wierd though, they held 1.85m shares yet the trade logs show no days of more than 50k shares changing hands since back in june.

I find it hard to believe an institution drips onto the market in blocks of 10k or 20k to get rid of this many shares........any thoughts or experience on this matter?

Phil

[isis] 11/8/2002 00:49

This is very strange as they appear to be on target for earnings. I would have said the translation element of a product was essential to the country being sold it - would'nt you?
The only reason I can think this has slumped is either a write-off from product development or a client has defaulted or something.
Vey uncomfortable seeing these down to this level whatever the reason.

[fast eddie felson] 11/8/2002 00:09

If the fall in the share price was unjustified one would expect the company to issue a trading statement / see director dealings to support this. However, in the absence of such a statement or directors buying one can only assume that the share price fall is justified and representative of current trading. The company appears to have substantial committed revenues booked for the next two years but in the current macro-economic environment I would imagine their product offering is not top of the CAPEX shopping list for most companies and they are therefore having difficulty winning new business (ie. it is a luxury rather than a necessity. Have tech-invest provided any guidance on this one, as I not they were quite bullish about it?

[fast eddie felson] 10/8/2002 19:52

I would agree this one is tempting and looks massively undervalued on fundamentals. However, i just feel the deterioration in the share price together with the absence of any form of reassurance suggests theres something untoward going on. I've come to the conclusion that in an earnings ressession hardly anything is a necessity and corporate clients will cut CAPEX to the bone. Basically we're left with two choices, either assume the markets got this one wrong and buy or wait and see and hold off until the results.... its not unknown for the market to get things wrong (look at MAO a couple of weeks ago). I would agree that the company looks sh*t hot but the share price doesn't. Im just always cautious of the point that if one doesn't have the full facts then one is merely speculating / gambling and for me personally i will only allocate a relatively small % of my capital to such a pursuit.

[ok,yah] 10/8/2002 15:15

House broker has been reducing targets for TRWs end of year results over last three months. The latest forecast I have seen is for 2.9p per share as opposed to last years 3.59p per share and the forecast 3 months ago of 6.5p per share. So looks like trading has been difficult.

Accounting practise looks a bit shaky to me as well regarding the amortisation of development costs for their new software ERUDIGM which was to have been launched this summer..

Nevertheless it looks cheap, and have been tempted to buy but just too risky for me..

[contract note] 09/8/2002 17:06

anmy one at home whats the bloody problem here

[frankbutcher] 30/7/2002 16:39

Shrewd investor 4D offers advice on Jitters style investments such as TRW......

[frankbutcher] 30/7/2002 16:35

Ho Ho Ho - Such humour from the bearded one. If i was holding a canine such as TRW i don't think i could be so witty.

[the jitters] 30/7/2002 01:35

Surely you must have some idea how much you are worth frank??? Pat, oh pat!

[thamestrader] 17/7/2002 09:42

You know what?
If the offer price goes below 10p, I might just buy a few.
Just for fun, you understand.

(I think I said this at 20p as well)(and didn't)(fortunately)

[cvolbrac] 15/7/2002 09:41

I'm sure the government's increased spending on Education won't do any harm...

Still watching and waiting on these...

[johnv] 12/7/2002 16:36

another bit of info.

[the jitters] 12/7/2002 14:41

Thanks john.......we live in hope then! LOL

[johnv] 12/7/2002 09:13

you might get a trading statement, macro 4 have just announced one (year end to june) results to be released in aug

[the jitters] 12/7/2002 01:01

I cant see us getting a trading statement now, we have cleared year end so would be a fairly pointless exercise. It will as you say be interesting to see how their peers fair on the 22nd.

Phil

[isis] 11/7/2002 19:16

They will be issuing a trading statement soon - maybe better to wait just in case. Obviously too late for a profit warning for this year - but price seems to suggest somethings wrong - which I hope I am.
Volume extremely low & just seems to fall on anything sold, EPI & SDL similar type business's will both issue results on the 22/07 - as far as I know localisation & elearning have both done reasonably well.
So it's take ya choice really.

[the jitters] 11/7/2002 19:01

Hmmmm, all gone quiet here, have you all sold up and given up? Must say, I am a bit miffed to find that after waiting over 6 months for the share price to come down to a level that my pessimistic mind felt was reasonable that I still bought too early!

I feel even more confident about TRW than I did with RSFT, and didnt add to my RSFT holding after it fell further (I know averaging down isnt always the best strategy), question is, is it worth adding to TRW at this juncture?

Market cap now around 3.5m with 4m in the bank (cash pretty much spoken for though with current liabilities). PE now under 3 falling to 1 in 2003 and profit making. Seems a bit of a daft valuation to me.

Anyone think I am off my trolley, or is there sense in this?

Phil

[humblepie] 29/6/2002 15:06

looking good for a big rise on Monday then!

[frankbutcher] 26/6/2002 01:40

thamestrader - maybe you are bonkers as you are clearly ignoring the short term liabilities faced by TRW, which demands all current cash plus a lot more - Hence the worrying position of net current liabilities.

Anyway i'mm off for 2 weeks solid drinking in Faliraki, i wish you all luck, i fear you may need it.

Bonjour.

[contract note] 26/6/2002 00:48

forget trading statement that aint happening imop was tat a huge dump 240,00ish any answers

[the prophet] 26/6/2002 00:07

-would agree that the share price decline does look ominous
-co's have to report now asap if they are not going to meet market expectations
-so either the company are in breach of rules or everything is ok, as in the situation is the same as at the interims
-have to say i'm 50/50 on it....any other time, would say share price says something is seriously wrong, but there are a number of other tech shares trashed without a warning/'trading update' so there are precedents.....
-(Macro4, for example)

[johnv] 26/6/2002 00:06

techinvest also mentioned that they expect trw to issue a trading update end of june.