Share Name Share Symbol Market Type Share ISIN Share Description
Ttp Communications LSE:TTC London Ordinary Share GB0009670083 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% 31.52p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment - - - - 71.03

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DateSubject
21/5/2006
17:05
nottoworry: powers500 - 21 May'06 - 12:00 - 446 of 447 ... "I think notwithstanding the difference in cash positions this would still point to a share price of ~30p for TTC if they get their finances in order." ... I suspect that majority of shareholders will not settle down with ~30p per share including Aberforth. Although they have increased their holdings recently, their average is probably higher than 30p. Everybody agrees on this BB that the current managment team is not fit for the job. Has any of the management team ever run any other company apart from TTC? Although the comparison with ParthusCeva is very interesting, it does not truely reflect the potential of TTC. With the right vision and the right management team, TTC will probably become the "next" CSR. This means a market cap of closer to £1B than closer to £100m. It is amazing what a difference the right managment could make in this sector.
21/5/2006
11:00
powers500: Was talking to someone about ParthusCeva recently which got me thinking on their valuation v. TTC. A few of the posters have mentioned what a dog of a share Parthus turned out to be, but I made a few quid last year on these as they came off their all-time low. For those who don't know them, they are an IP company mainly involved in licensing cores for the cellular market and in fact list many of the same customers as TTC(they're not in direct competition). Here's an extract from their 2005 year end statement: "Total revenue for 2005 was $35.6 million, compared to $37.7 million reported in 2004....2005 net loss was $2.3 million or $0.12 per share, compared to net income of $1.7 million or $0.09 per share in 2004." This year has been more of the same as they struggle around the break-even point. Difference is their market cap is about £70M or more than twice TTC's. http://www.parthusceva.com/news/press_releases/release.php?id=257 I think notwithstanding the difference in cash positions this would still point to a share price of ~30p for TTC if they get their finances in order. I suppose the current share price is a reflection of the uncertainty of how they will do that, e.g. extra dilution with institutional fund-raising. A smaller but profitable company would be the best outcome of the current re-orgs. Sounds like we will hear either this week or next.
18/5/2006
15:47
britishbear: crypto - you are a welcome addition to this board - I am sure you know the answers to many many questions that we would like answering. e.g. What the hell is happening at ip.access? Is AJAR any good - seems over rated to me? Are the Chinese mobile makers buying the 3G stuff from TTP or are they fighting a losing battle against Nokia and the big boys in China? What the hell do the 600 people do? Has TTC ever been looked at as a takeover target? MOST IMPORTANTLY - WHY have you recently bought shares? I suspect it is because you think the share price will rise - on what grounds is this assumption made? Thanks in advance
04/4/2006
02:01
ghostly: would anyone be thinking of making a bid approach for ttc if they fell much further? i read a post on here where someone thought emblaze systems could be interested. anyone got any candidates on this and wonder what sort of price they might be willing to offer. also does anyone know what the net asset value of ttc is at the moment , surely the share price is trading well below it. i dont want to sound pesermistic but what are the chances of ttc going bust or do we all just have to ride this storm out and hope all comes good , has anyone cut and run?
25/3/2006
14:22
powers500: Without a doubt, there is a business there, its no dot-com. The problem seems to have been that they expanded agressively betting the house effectively on 3G(which still has minimal revenues for TTC). Then their bread and butter stuff (regular GSM) took a hit due to lower revenues in China. From what I've heard this is because the big guns like Nokia and Motorola started taking market share back from the local Chinese/Taiwanwese manufacturers who are TTc's biggest customers. So add this to a delayed contract as well as continued losses at ip.access and you have a serious cash crunch. It's poor management to let things get to this stage, I suppose at least you could say they were aggressive! The core business probably is still cash flow positive and thus you could guesstimate a worth somewhere over 50M (if ip.access is worth 20M from the current financing). This would give a share price min. of 22p. To make it back to the 40p range would need for the 3G biz. to start being cash-flow positive, as well re-gaining revenue in their core biz. This is not exact science here, but then again most analysts seem to use a bit of hand-waving logic. My car fund is in TTC, and right now I'd be driving a Skoda. Here's hoping for a more pleasurable driving experience in a few months!
11/3/2006
14:18
powers500: I think people seem to forget that the reason TTC's share price is floundering so badly is that their business got hammered in China (their main market). Not being in the business directly, I don't know if they have turned this around but it is certain themselves and partners are manically focussed on getting this back. I think the Ajar announcements are also positve for the company going forward. The fact that the tunraround is unknown is hanging over the share, hence the risk discount. ip.access is a smaller problem, IMO, as it looks like it is on the right track with regards to breaking even. I on't think selling this off will have as major an impact as TTC announcing a turnaround in their core business. TTC are leaders in what they do, so worth a punt. Will be interesting to see what transpires in the next few weeks/months!
07/3/2006
17:00
spkirk: I don't think it's very constructive to ask people to leave a discussion board just because they aren't bullish on the stock. There's no point having a thread full of yes men, they only ramp up themselves, not the share price, and I find bearish viewpoints help to give a better overview of a stocks potential (except useless posts like those from JNBRW). I find the Aberforth purchases very interesting. There was a small article in last weeks Investors Chronicle about the Aberforth Smaller Companies Trust praising its performance. It says that over the past 5 years the trust has returned 115% growth in net asset value plus dividends compared to 40% average return from the UK Smaller Companies investment trust sector and 55% return from the Hoare Govett Smaller Companies index. Its impressive track record is testament to the managers stock picking abilities and small cap expertise, and their close interest in TTP has to be seen as a good sign. They are the largest share holder by quite a long way now. Looking at the trust, the total net assets of the trust stood at 597m as at H1 2005 (June 2005 I think). Therefore they have plenty of funds to increase their holding further if they wished. Also, the value of their TTP holding (17% of 50m Market Cap = 8.5m) would make their TTP holding only their 24th largest. As a result TTP is probably a relatively small company for this trust (hence the high % of company figure but low relative value of the holding compared to other funds in the trust). Therefore they need to hold a fairly substantial number of shares in terms of % holding of the company for it to have a meaningful impact on their portfolio performance. This suggests that further increases in their holding are by no means out of the question. On the flip side, again looking at the H1 2005 report, the largest % of a company that they hold that I can see is 3.8%. Their TTP holding accounts for 18% of the company. This may not mean much but it may mean they will not increase their holding much further. Personally I think they seem very keen on TTP and I wouldn't be surprised to see them increase their holding further. They're pretty shrewd in the small cap area and are really mopping up these shares. They must see intrinsic value in this company and are perhaps trying to aggressively build their holding in anticipation of a take-over bid. They probably see good turn around potential and will be looking to catch the profitable turning point in the share price. Either way it has to be good news for shareholders. With 17% Aberforth are the majority shareholders in TTP. They have the largest holding, and the second largest holding is less than half theirs (6%). This would give them excellent access and leverage when it comes to meeting with the management of TTP and extracting info from them. They would be in a much better position than most to evaluate the market valuation of the company and its prospects going forward. As an investment trust they would have no ulterior motive in holding the shares apart from generating returns for shareholders. I therefore believe that their buying is a positive indicator for those of us who are less in the know (i.e those of us unable to command meetings with senior management of TTP).
03/11/2005
17:08
nilip: TTPCom deals combat market negativity By Business Weekly, 01 November 2005. TTP Communications saw its share price dip 9 per cent at one stage in the last week and expressed itself baffled by press speculation as much as the share price movement. TTP Communications saw its share price dip 9 per cent at one stage in the last week and expressed itself baffled by press speculation as much as the share price movement. The headlines should all have been positive after subsidiary TTPCom Limited signed a deal with Texas Instruments (TI) to make TTPCom's AJAR applications platform available on TI's GSM/GPRS/EDGE digital baseband processors. It means that the world's leading handset manufacturers can create cellular handsets more rapidly, efficiently and cost effectively. The first results from this agreement will be platforms for low cost, high performance devices and multimedia feature phones. The share price dipped to 30p, a year low, at one point but rallied to 32.50 against a 12-month high of 62.50. The company's current market cap is estimated at £70.16m and some brokers are recommending TTPCom as a 'buy.' Amoi Mobile in Xiamen, China has licensed TTPCom's AJAR applications platform for the development of a future range of new cellular devices. AJAR will enable Amoi to develop a single suite of applications that can be used for multiple different handsets – from entry level to high-end feature phones, across multiple technologies – GSM, GPRS, EDGE or 3G; and across multiple hardware platforms in China. Amoi has an 8 per cent share of the Chinese market
06/2/2005
18:36
nghomi: koetser, I beleive, one of the main reasons that ADI share price went up by 6.5% on Friday was related to the following announcement: http://biz.yahoo.com/bw/050204/45373_1.html "Analog Devices to Showcase New Innovative Wireless Semiconductor Solutions at the 3GSM World Congress 2005 in Cannes Friday February 4, 2:09 pm ET -Demonstrating new SoftFone solutions for 3G handsets including W-CDMA/UMTS and TD-SCDMA as well as SoftFone solutions for EDGE and GSM/GPRS handsets.... Now it is known that ADI is using TTC's 3G protocol stack, see http://www.analog.com/processors/epPressRelease/0,2458,level4%253D%25252D1%2526ContentID%253D46124%2526Language%253DEnglish%2526level1%253D431%2526level2%253D%25252D1%2526level3%253D%25252D1,00.html "ADI's SoftFone-W chipset features W-CDMA protocol stack software from TTPCom of Cambridge, England, and is based on ADI's award-winning and patented Blackfin® Processor and Othello® direct conversion radio technology, as well as ADI's mixed-signal and power management technology." Also it is known that ADI and TTC have close collaboration in EDGE, see http://www.ttpcom.com/news/Press_2003/pr_03_adi_edge.php also see: http://www.3gamericas.org/English/News_room/DisplayPressRelease.cfm?id=1190 "Chinese Handset Manufacturer Selects Analog Devices and TTPCom for EDGE Cellular Phones" One would think if ADI annoucement increases their shares by 6.5%, it should have the same effect to TTC share price (if not higher as TTC is a much smaller company) Also if you compare TTC and ADI share price in the last 6 months, you would be astonished to see that how well they have tracked each other, see http://finance.yahoo.com/q/bc?s=ADI&t=6m&l=on&z=m&q=l&c=ttc.l
11/1/2004
18:15
nghomi: This stock is too cheap! If it was valued the same as ARM holidngs, then TTC share price should have been £3.00!!! Can anybody explain the reason to me? The only answer I have is that TTC has been out of favour by major investors. Once it comes alight, it will shoot up towards £3!! Buy now!!
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