Triad Share Discussion Threads

[yasx] 28/4/2017 20:05

I think this is a wonderful opportunity for either a bidder or for potential investors generally - the underlying trading picture is robust, and if the seller drip feeds more stock then the overhang creates a delightful opportunity.

If a potential bidder is lurking, no better time to pounce...

I took some today - will add more on any weakness.

[pj 1] 28/4/2017 19:20

She's bankrupt with circa at least £2m in an illiquid stock.

Having seen mental health issues at close quarters im beginning to wonder....

[nasdaqpat] 28/4/2017 18:36

'At close of business on 31 March 2017 the Company's issued share capital consisted of 15,489,579 ordinary shares of 1p each.'

How many shares did Mira Makar have left anyway?

Paul Atkinson (the Administrator to Miss Makar's bankruptcy) appears to have started out with 21.02% of the share capital (3,249,952 shares) on 7 April and appears to have sold 87,500 on 21 April and thereby reduced the holding to 20.45% (3,162,452 shares).

Presumably, we need to find out if there is a plan for the market to absorb all these shares and if there is going to be c37 tranches of c87,500 sold on a regular basis and the effect of this on the share price

Is this the correct way of looking at the situation?

[netcurtains] 28/4/2017 18:20

OK - so this is the story (as far as I can tell)...

All the money with the Insolvency people.

So different outcomes:
1. They keep selling at whatever the price...
2. They drip feed sales (thus keeping price lowish for months)
3. They sell to "big" buyer (Almost like a take-over) - not likely in my view (but possible).
4. They sell to a group of big buyers, but they will all want a good price
5. They sell to ex-husband - but has he got the cash?

I can't see a "GOOD" short term outcome to this news. So I sold the rest (which is no where near my original holding).

However, 90% of the time I'm wrong - so probably expect to see share price rise loads next week and me crying - "if only".

Clearly worth buying back in though - there is a big profit to be made out of this somewhere - if only I can see where.

[rhomboid] 28/4/2017 18:14

Interesting background , I'm thinking I might sit this one out for now

[cfro] 28/4/2017 18:04

No, i also don't know what to make of the situation. I would like to know the real reasons why she was sacked.

[mctmct] 28/4/2017 17:36

I was unaware of this background from 2006.



... and I'm not sure what to make of it.

[mctmct] 28/4/2017 17:25

The trustee in bankrupcy has a duty to creditors to realise the best price for the assets. Placing the shares with an institution might be one way.

I'd expect it to take some time and to be handled through the company broker. It seems very unlikely that drip-feeding shares into the market will be the appropriate action.

[netcurtains] 28/4/2017 15:04

Probably John Rigg will buy the whole lot. Probably a very good buying opportunity.

[mcfly79] 28/4/2017 13:52

John Rigg (chairman) already owns 29% of the company. Is there a possibility he could be looking at these shares as part of a bid for the whole company?

[martinthebrave] 28/4/2017 13:31

Stepped out of #TRD today until the dust settles around the Mira Makar shares. This is a volatile stock at the best of times and I decided to protect profits. I will no doubt be back when there is more certainty. GLA.

[gleach23] 28/4/2017 13:05

spooky - it says so in the Holdings RNS

down because of a potential overhang of shares, as mcfly suggests?

with Finals not until June there is a potential opportunity ahead if the weakness continues imo

[s25ava] 28/4/2017 12:28

Why the drop? Tree shaking?

[spooky] 28/4/2017 12:14

You are right, i have confirmed it.

[spooky] 28/4/2017 12:02

Mcfly do you KNOW he is the trustee? Saves me making a call to confirm.

[mcfly79] 28/4/2017 11:52

My reading of today's Holdings announcements is that the previous shareholder (Mira Makar - former CEO until 2005) is going through bankruptcy and that Paul Atkinson (as trustee in the bankruptcy) now controls the shares. A small amount of these shares have been sold. Please let me know if you disagree.

The question is what is the intention for the remaining shares. I would hope that the company will be able to work with Paul Atkinson to find a home for the shares if the intention is to sell more or all of them.

I don't believe that the company will need to go to the market for financing and therefore any short term share price movements shouldn't impact the strong current trading. I have recently taken a small position here and will be watching closely. I would certainly like the opportunity to add to my holding if the share price falls.

[s34icknote] 24/4/2017 19:27

Some chunky trades going through Each time near the mid price Are they working a sell ?There was 80 k at 80p last weekOr are they worked buys ?Sicknote

[netcurtains] 24/4/2017 16:41

(election fraud charges relate to searches done using Triad Software at Election commission)
From Guardian:


41m ago
15:57
Sturgeon claims May called early election partly because she is worried about Tories facing election fraud charges from 2015

Sturgeon claims that one of the reasons why Theresa May called a snap election was her fear that Tories would be charged in relation to alleged election fraud in 2015.

[netcurtains] 21/4/2017 12:55

"IF"

IF Triad decided to give a dividend each year of about £1M (that appears to be about the profit level we're at) then (if that equated to 5% interest) the share price would need to rise about 70% (otherwise the dividend payout would be nearer 10%). However I expect most IT companies that pay dividends probably give 1% at best - imagine what price that would equate to?

But lets keep it real as we can. Based on potential dividend we could theoretically be trading at £1.40 come June (results time) and that is if they have won no new contracts (but if one assumes they have landed one or two new contracts then that would be a whole new ball game - £2 a share).

[netcurtains] 20/4/2017 13:36

cfro: Any heavy use of "electorial commission" software is good for Triad.

Put in your constituency and see whos paid for what and if anything looks dodgy:

[s34icknote] 20/4/2017 13:31

7 weeks till final results .Clock ticking again !Sicknote

[cfro] 20/4/2017 10:08

One assumes the announcement of 'yet' another General Election will equate to more business for TRD?

[netcurtains] 19/4/2017 18:29

Re "electorial commission" - it does not mention Triad Software, but the story has now reached the Daily Mirror:

[netcurtains] 19/4/2017 13:40

Hi Wilmdav (good job mate - like what you did!):

Its worth pointing out that in JUNE
the "criminal proceedings" results on the TWENTY TORY MPs will be known - will there be any criminal prosecutions?
It was Triad who did the electorial commission search engine software...
Whatever happens this could be the Torys HILLARY CLINTON moment!

[wilmdav] 19/4/2017 11:43

Their web site is not very impressive but the case studies suggest they have a good relationship with the UK government.

My uninformed impression is of a good IT company that has grown mainly by recommendations by word of mouth. However:-

"The Board is currently focused on implementing its strategy to further strengthen the business and share price. This includes increasing our investment in marketing activities . . . . . ."

Below is a link to an exercise I normally do before making a decision on whether to invest.