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Tricorn Share Discussion Threads
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|Absolutely not new business but secured existing business,volumes in my experience will not be guaranteed.If PE TRUMP breaks the habits of a lifetime and actually carries out major infrastructure investment then cat and deere will gain big.
However the NEW YORK TIMES THIS WEEK SHOWED THAT SO MUCH OF TRUMPS SO CALLED INTERNATIONAL BUSINESS is in deep trouble and his business insolvency record should be deeply concerning.|
|It does not look like the contract annnounced today is all new business but £1.55m per year does seem to be a big vote of confidence and underpin prospects for recovery.|
|Deere and Caterpillar shares rise:
20 Nov '16 - 18:43 - 1704 of 1706 (Filtered)|
|Like DISCOdAVE,I suggest Meijiman changes his nom de plume to "Confused".|
|Nope, you seem confused, did respond to your posts because didn't agree.....but yep, will ignore them from now on as you don't seem to know what you think.DD|
|Your best bet then is to ignore them. You can then respond to posters you agree with.|
|Perhaps you should re-read your posts, and mine, as it's clear you do not understand the meaning of sarcasm, I am anything but confused by your posts!.You have posted more than once that this could not be taken over and that they do not care about the share price - which you have also mentioned a couple of months ago, that does not constitute a "flippant" remark and I also fail to see the irony.DD|
|No need to be confused -perhaps you need to understand irony a bit better.
A flippant remark not intended to be taken entirely seriously.
Probably a modest reaction to holding TCN for years with no capital appreciation and seeming inertia from the management in comparison with say Avingtrans which might be seen as a near comparitor.
Anyway I am feeling rather perky post Avesco and wondering why I had never topped up on my fairly modest holding there.
There is no way of knowing what views RA has about his holding but to my mind there must have been a considerable opportunity cost in holding such a large slug of TCN and with no divi in recent times. Avesco is an example of a company where there was a large holding -in this case the Chairman with 30% who decided he wanted to exit. RA's holding could well act as a catalyst for something to happen at TCN on the corporate front.Equally RA could be holding his stake when he is 83 or 93. Who knows.
Your second point is entirely valid -I truly hope these options do incentivize the management to deliver something for shareholders as well.|
|meijiman - 10 Nov 2016 - 10:02 - 1694 of 1700 - 0"..... and they can't be taken over, they may not be bothered whether the share price is 2p or 20p."Slightly confused - 1) why can't they be taken over?, Roger Allsop is 73 and must be thinking about retiring and possibly offloading his shares. If someone took them off his hands they would have to formerly put an offer in for the Company.2) may not be bothered whether the share price is 2p or 20p?, The BoD have share options and LTIP's from 17.5p to 20p and beyond. Think they are sufficiently incentivised to not only keep taking their salaries but also to drive the share price up in order to exercise their options.DD|
|I agree with alter ego! In fact I was thinking about when the shares were once high flying (over 30p)-don't recall them using their paper to do deals.
Obviously there are lots of reasons why a company would like the share price higher-but one of the factors which differentiates TCN is that it can't really be taken over.|
|I agree with meijiman - all he said was they are not bothered about a low share price as they don't use their stock for acquisitions. Nothing there that says they should IMO.|
|meijiman. I suggest you reread your comment and then issue a correction.|
|I'm obviously not suggesting that.|
|If Meijiman thinks the company should issue paper at this level and massively dilute shareholders he should be investing in Premium Bonds and not equities.|
|The company has grown quite a bit over a couple of economic cycles. It seems to prefer to spend generated cash on aquisitions, which has limited dividends to only the better years. Overall, though, it seems to be on an expansive path without dilution. It does need a lot of patience for shareholders, though, as the market often does not seem to want to recognise the progress. It is quite hard to maintain the faith at the bottom of the downturns but I think sharholders will see the progress better in the next upturn.|
|Aleman-If the company agreed with these numbers (which certainly seem sensible) wouldn't they tell their adviser to put out a note with them in it. What concerns me is that as they don't use their paper for acquisitions, and they can't be taken over, they may not be bothered whether the share price is 2p or 20p.
That hardly represents an alignment of interests with shareholders.
Still things may be finally looking up here.|
|EPS for next year were forecasted at 2.2p on £900k PTP. The new Volvo contract might nudge us up to, say, £1m and 2.4p EPS? Forward p/e around 4? Seems harsh for a company recovering from a very deep cyclical recession in heavy industrial equipment. If we can get through the interims satisfactorily, we might see a 2018 forecast of 3p+. If all goes well, the 2018 P/E looks to be around 3 and market cap/EBITDA might be nearer 2. I know there is water to pass under the bridge but the bottom might now be behind us, with the help of this new contract.|
|Contract worth 8.2pps in gross value; not too shabby. Turnover of £2.8m over 4 years.|
|Komatsu now producing strong numbers outside North America and the Middle East.
|Why indeed. Why is the large shareholder content to watch years of drift?|
|Cat down yellow goods down across board 2017 forecast poor.this is a mickey mouse operation pretending to be godzilla. Inadequate board but supportive shareholders over many years ,why?????|
|Caterpillar Q3 results out. Guidance suggests a very small (negligible?) fall in revenues for 2017. I think this is good because we know Komatsu has been doing better than Caterpillar and this seems to almost confirm that Komatsu will see sales growth since they have a stronger presence in Asia which even Caterpillar says is doing better.
I suggest TCN's markets might see a return to growth in 2017 after bottoming in late H2 2016. This is the same prediction I've been making for several months now and seems to be becoming a reality. I should caution that I think the US and UK are going into recession , and Europe is still struggling with rumbling banking instability - these could easily undermine recent strength in commodity prices.|
|Komatsu shares up by 1/3rd since July as industrial orders pick up strongly. Mining orders remain better but mixed.
|I agree, Aleman. I am assuming that the China patch wont impact too much or they would have to say in the rns.