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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Team Internet Group Plc | TIG | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
141.80 | 134.00 | 141.80 | 135.80 | 136.40 |
Industry Sector |
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SOFTWARE & COMPUTER SERVICES |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
27/02/2023 | Final | GBP | 0.01 | 04/05/2023 | 05/05/2023 | 16/06/2023 |
Top Posts |
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Posted at 26/4/2024 13:32 by boadicea It's now dropped rather more than the 2p dividend stripped yesterday. |
Posted at 10/4/2024 07:35 by rivaldo Very interesting/intrigui"Trading on OTCQX will significantly enhance Team Internet's visibility and accessibility in the world's largest capital market" Apparently TIG "has received interest from numerous US investors in the past and, in recent months, has hosted several meetings with US investors". Given the CEO's comments below, perhaps this will presage an eventual move to a full US listing either away from AIM or a more premium market listing on the NASDAQ? I wouldn't blame TIG for looking in that direction given the substantial discount compared to its US peers: "Michael Riedl, CEO, of Team Internet, commented: "As we mark the beginning of our trading on OTCQX, we are not just opening a new chapter for Team Internet. We reinforce our commitment to enhancing shareholder value and expanding our footprint in the United States, a market that represents nearly 50% of our revenue. This move reflects our robust performance and the investor confidence we have been fortunate to build, especially within the US, over the past year. We recognise the importance of making our shares more accessible and appealing to US investors, and qualifying to trade on OTCQX is a strategic step in that direction. We are eager to welcome new investors and invite them to join us in this exciting journey." |
Posted at 21/3/2024 22:28 by adamb1978 Been away for a couple days and seen the criticism of the dividend - plain daft!An income investor would never own a company like TIG even if the yield was 6%. Income investors want certainty, security and boring companies. Only reason for TIG to pay a dividend is simply that some can't hold companies where there is no yield. So it brings in some funds and also helps demonstrate the cash flow |
Posted at 21/3/2024 13:53 by indiestu I could overlay the TIG chart on to the ftse 250 chart and say with confidence that the price fluctuations of TIG have been aligned with general market conditions for the past 12 months. The TIG 200 day MA is 125 pence. That's all that serious buyers are prepared to pay. Monday's price action confirmed this. |
Posted at 20/3/2024 17:58 by davebowler Master Investor-Team Internet Group (LON:TIG) Back On The M&A TrailJust under 500,000 shares still left to be bought back, is my back of the envelope computation which would take only another week or so before completion.On Monday morning the global internet company declared its results for its year to end December 2023.They showed revenues up at $836.9m ($728.2m), adjusted EBITDA was 12% better at $96.4m ($86.0m), generating a 32% improvement in earnings at 23.22c (17.56c) and enabling the 'hefty' doubling of the final dividend to 2.0c (1.0c) per share.Disappointingl |
Posted at 19/3/2024 09:14 by davebowler Berenberg sees value in Team Internet GroupInternet services company Team Internet Group (TIG) is delivering ‘resilient growth’ and is expected to hit current market expectations, says Berenberg. Analyst Ciaran Donnelly retained his ‘buy’ recommendation and increased the target price from 180p to 185p on the stock, which softened 1% to 135p after full-year 2023 results on Monday. The results were ‘marginally ahead of the numbers in its trading update of 29 January’. Revenues were up 13% at $836m – the online marketing division grew gross revenues by 14.3% to $657.1m, while the online presence division grew gross revenues by 17.1% to $179.8m. ‘These results are 7% ahead of our forecasts for gross sales and 6% ahead for adjusted earnings,’ said Donnelly. ‘In terms of the full-year 2024 outlook, management is confident it will meet current market expectations. We update our full-year 2023 forecasts to reflect the results and make minimal changes to full-year 2024 and full-year 2025 forecasts.’ Donnelly increased the target price as he said the valuation was an ‘undemanding&r |
Posted at 19/3/2024 07:13 by tole https://citywire.com |
Posted at 18/3/2024 14:12 by kalai1 Team Internet Group plc posted solid audited FY23 results this morning. Revenue increased by 15% to $836.9m adjusted EBITDA increased by 12% to $96.4m, operating profit increased by 26% to $42.3m while PBT increased by 98% to $29.3m. Adjusted EPS for the year rose 32% to 23.22c while a final dividend of 2.0p was proposed, up 100% as the group continues to pursue the progressive dividend policy launched in 2022. Net debt increased by 31% to $74.1m primarily due to $39.7m of cash share repurchases. Valuation remains compelling with forward PE ratio at just 7.5x in the top decile for Software & IT Services companies. The share price lacks some positive momentum and has been drifting sideways in range for a couple of years. There is no rush to buy at the moment, but the share is certainly worth monitoring and will be well worth owning once it does start moving......from WealthOracle |
Posted at 18/3/2024 07:20 by rivaldo Excellent results today, which are nicely ahead of both Zeus's and Edison's forecasts for all of revenues, EBITDA and EPS.The 23.22c adjusted EPS is well ahead of Zeus's 22.4c forecast. And the 2p dividend is double that of Zeus's 1p forecast. The CEO is already confident about meeting expectations for this year. Given TIG's track record and prospects the current share price is just far too low. |
Posted at 18/1/2024 18:05 by tole https://masterinvest |
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