||EPS - Basic
||Market Cap (m)
Tricorn Share Discussion Threads
Showing 1951 to 1973 of 1975 messages
|More director buying.|
|Fair enough Aleman & Val.Just not too certain that Caterpillar are customers....if they are would expect some confirmation by TCN but can't find anything.DD|
|TCN bought Whitley and renamed it Franklin Tubular Products.
The nature of TCN's business is almost like supplying nuts and bolts. They won't just supply directly to industrial equipment makers like Caterpillar, VW, Volvo, Deere, JCB and New Holland (all of which I have seen connected to Tricorn through media reports or annual report photos) but will also supply indirectly through suppliers of engines, hydraulic, braking and cooling systems to the above.
I have no idea how significant each of the big names might be. With much going through an indirect supply chain, one probably can't know. I was just reporting monthly news from Caterpillar and Komatsu to give an idea of how the global regions might be doing. I am not aware of monthly updates from other manufacturers. TCN sales have seemed to roughly follow global markets in the past, as one might expect with a company that produces a wide variety of "bits".|
Have a look at clause 6g(4) in this link:
"Seller shall format such MSDSs and labels to identify the Item as a Caterpillar-branded product."
It would be strange to have such a condition in the purchase terms if Caterpillar were not a customer. Of course the purchase terms could be out of date and it does not of itself prove that Caterpillar is a current customer but you get the idea.|
|".....like Caterpillar and Volkswagen"Sorry but doesn't state that Cat & VW are customers of TCN.Will keep trying to find out.DD|
|"The Whitley plant manufactures precision metal products such as tubing for use in equipment and vehicles made by companies like Caterpillar and Volkswagen"|
|Thanks Aleman.Doesn't say caterpillar are a customer and that article is 3 1/2 years old.DD|
|Thanks Aleman, any chance can post up a caterpillar link, searched but cannot find anything.DD|
|Yes and don't know. Tricorn produce so many bits and bobs of pipe assemblies for various brake, engine and other hydraulic assemblies that they probably do something for just about everybody. Hence, it is useful to follow sales of the bigger players as market indicators.|
|Are Caterpillar & Komatsu customers of TCN?Not aware they are but wtfdik.DD|
|Komtrax data finally turns positive in the USA, taking all 4 regions positive for the first time in this recovery.
|Yep it did, but it (eps) didn't go up 110x, just over 3x.Are caterpillar a customer?DD|
|EPS rose by 1.8p between 2010 and 2011 as its markets recoveed. Why do you think a 2.0p rise should be impossible between 2016 and 2017 if the company is now a bit bigger and its markets have started to recover?|
|So you expect eps to increase 110x for next year in line with the single (house broker?) broker f/cast?. Good luck with that!.DD|
|I said next year. Your figures are for this year which have the weak H1 in them. Komatsu only started showing strong sales growth in the last few months and TCN interims end in September. TCN's markets look like they should have picked up a bit for H2 and we have new contracts which suggest better to come. I hope to see next year rather stronger if Caterpillar start to pick up as well - not that these are TCN's only customers; they are just companies that do monthly sales figures which help indicate market activity.|
|AlemanFair points, but a lot has changed since the last recession. They do seem to be turning the corner.That said don't know how you get a PE of 5.7, this FY on forecast eps (0.2p) its 62x, but doubt they will achieve f/cast eps, H1 was 0.01, so annualised 0.02 that's a PE of 625....unless I'm missing something doesn't look value to me!.DD|
|Reinstatement of the dividend as well.|
|What is the Stockdale eps forecast for the year ahead? Tricorn would normally be confident of doing a bit better on the under promise/over deliver model.|
|I presume you would have said the similar after the interims at the end of 2009, then, when the business stabilised with negligible earnings and similar adjusted operating cashflow. (Revenue down 42.5%, PBT down 87%, and basic EPS down 92%.) The numbers and outlook then were broadly similar - the only significant difference is the business now has twice the debt and 3.5 times as much property, plant and equipment and a Chinese investment whose 660k valuation almost certainly does not represent its ability to contribute future profit and cashflow. The share price is slightly higher now than then but the company has stabilised as a bigger business. The shares nearly doubled between reporting H2/2009 and H1/2010, as the second half 2009 numbers made it clear that a recovery had set in, and then doubled again by the time H2 2010 was reported. Any time after the interims in 2009 would have been a very profitable time to buy. Hopefully we will see a similar recovery this time as the outlook and the Stockdale forecast suggest, although nobody knows what is to come with the messy political outlook in the US, UK and elsehwere at the moment.
|Looks good when compared to the last 6 months (which was dire), but compared to the same period last year it doesn't look so good. Revenue down 12% but pbt down 90%, also after restructuring costs, intangible asset amortisation, share based payment charges and credits relating to foreign exchange derivative contracts the Group made an operating loss of £0.066m (2015: operating profit of £0.098m).Eps doesn't support the current share price IMO.DD|
|Interim results seem very much in line. The balance sheet showed a small decrease due to lower intangibles. Adjusted for working capital movements, operating cashflow shows a modest but significant rise which, added to contract news, bodes well for the near future. I suspect the market will be underwhelmed but it looks like the company is on a sound footing, growing again and I would hope the full year forecast could possibly be beaten slightly.|