RSM Tenon Share Discussion Threads

[its the oxman] 28/2/2007 13:13

luckily i top sliced at 65p - bought it back today sub 60p

[keybox] 26/2/2007 15:35

The last RNS stated that 375870 shares would be issued today as an exercise of staff options. It may be that

[mustbefunny] 26/2/2007 13:43

Unusually large number of small trades for Tenon from the open. Was this tipped somewhere at the weekend?

[its the oxman] 26/2/2007 09:21

LOOKS LIKE 70P plus for March

[keybox] 26/2/2007 09:15

Wow, I didn't expect this rise this morning, it's usually steady as she goes, even though I am expecting a bullish statement from the Chairman in March

[keybox] 06/2/2007 19:40

Couldn't agree more, the Management seem to have got this right now, the March update could be really exciting

[kenbachelor] 06/2/2007 17:56

This share is getting really impressive and having reached my target, I've reset my chart. The target is now 75p.

[23wizard] 06/2/2007 09:45

My trades screen is playing silly beggars, was there some buying to kick this off?

[santangello] 06/2/2007 09:19

61p for 6,750 with the bid at 60.5p, these look rock solid.

[its the oxman] 06/2/2007 09:18

trading over 60p - still holding on.

[santangello] 25/1/2007 22:11

Go on then.......were they buys or sells today?
My money would be on buys, and perhaps a buyer accruing in 100,000 blocks ?

[santangello] 23/1/2007 20:20

Looks like the MMs are more than happy to pay for stock....should bode well ?

[dcd] 23/1/2007 19:28

NO it is not. What i have been told about TNO i will make a lot more than .5p.

[nomad70] 23/1/2007 16:32

DCD -- Is that your 40K @ 58p?

[keybox] 22/1/2007 17:29

You will be

[dcd] 22/1/2007 15:32

Bought 40.000 a 13.36pm today, but showing as a sell, i think i moved the price. Heard some good things about TNO and was tipped to buy them at 39p but never did. Been told it still has a long way to go though yet. So glad to be onboard

[keybox] 22/1/2007 14:39

Looking good for a move up to 60p now

[red army] 17/1/2007 20:46

It might be that BEG could be after this one - see their recent statment re aquisitions.

[Abuse team] 17/1/2007 15:53

Post removed by ADVFN

[its the oxman] 17/1/2007 15:49

bring on 60p

[nirvs] 11/1/2007 08:19

Nice chart! Looking ready to break the previous high. Longed today 54.75

[its the oxman] 09/1/2007 19:57

better hold on to what i've got then - should be higher come March results

[jeff h] 09/1/2007 19:34

Just come across this from 'This is Money' market report for Monday
ie BEFORE today's announcement:-

"Numis says professional services group Tenon is cheap at 51¼p, down ¼p. Fair value is 76p. Tenon is a cashflow positive business and it expects to see its underlying net debt decline dramatically.

It is the ninth largest accountancy firm and with the top six being heavily focused on large corporate clients, the market is highly fragmented and offers scope for organic and inorganic growth."

Given today's statement I reckon they'll be increasing their 76p fair value
figure.

[jeff h] 09/1/2007 19:10

Numis upgraded from Add to Buy according to Citywire:-

"Numis has upgraded Tenon from add to buy and sees the company as a business service entity rather than a conglomeration of accountancy practices."

I am not sure if they've changed their forecast, but as a 'business service
entity' I'd say that qualifies it for a mid teens P/E, say 15.

Using the existing Numis forecasts of (2007) 4.7p and (2008) 5.2p would equate to a share price of 70p and 78p ..... looking good.