Science Share Discussion Threads

[varies] 24/7/2023 13:09

The acquisition of TPG seems to be proving a success but a clearer picture should emerge with the accounts for full year.
On the other hand Frontier Smart Tech is having a more difficult year.
I hope that SAG allows more time to digest TPG before making another acquisition but there must be many quoted companies whose share price Mr. Radcliffe now finds attractive.

[truffle] 24/7/2023 12:35

Yes, keeps ticking all the right boxes and remains a long term hold for me

[nchanning] 24/7/2023 12:04

Decent results with a couple of TPG divisions and Frontier all with the potential to improve and plenty of firepower to add another few million of EBIT with another acquisition

[johndoe23] 18/7/2023 13:48

Intetims Monday

[johndoe23] 13/6/2023 12:04

Full 420p to buy

[truffle] 13/6/2023 11:58

Possibly.

A couple of days ago they raised their buy back level to £4.10/share for 43,000 shares which sends out quite a positive message in my view.

IMHO

[johndoe23] 13/6/2023 11:52

Cannacore reducing, overhang gone?

[johndoe23] 08/6/2023 15:11

Can't but any

[kalai1] 18/5/2023 12:24

Science Group plc issued an encouraging AGM trading statement this morning. In the first months of 2023 the Group has traded in line with the Board's expectations, with the services divisions reporting growth, while Frontier continues to experience the impact on the consumer electronics industry from the economic slow-down since mid-2022. Current consensus has FY23 revenues up over 50% to £132m with net profit up over 35% to £14.5m. So a year of robust top and bottom line growth is in store. The integration of TP Group is proceeding satisfactorily, the Group's balance sheet remains healthy with net cash at £19.6m. Valuation is decent if not outright cheap with forward PE ratio at 12.7x, but the share price lacks momentum and has been drifting sideways for nearly 2 years. SAG is certainly a share worth monitoring for the time being, although the share price may need a catalyst to start moving higher...

...from WealthOracle

[johndoe23] 18/5/2023 09:55

Solid if unspectacular. Back the management here

[johndoe23] 14/5/2023 18:08

Should be a trading update Thursday

[nchanning] 05/5/2023 13:43

Anyone ever attended the AGM here ? Do they give a presentation?

[truffle] 26/4/2023 08:10

The recent repurchases now total about 124,000 shares costing about £500,000.
Good news in terms of perhaps putting an informal floor under the share price of around £4/share.

[truffle] 06/4/2023 08:36

Approx. 60,000 shares now repurchased recently, i.e. about £240,000 spent so it looks like there is plenty of spare cash available to carry on picking up shares in the market.

But DYOR

[truffle] 29/3/2023 08:26

Don't know anything about Liberum's research, but good to see they are repurchasing shares again which to my mind puts a base on the share price.
I remain a long term holder.

[johndoe23] 25/3/2023 18:22

Hi Jane. Maybe a question for liberum? Certainly I have no answer. What is your impressions of SAG?

[jane deer] 25/3/2023 14:26

I have just started researching this company. Can anyone tell me why Liberum, despite being Joint Brokers since at least 2020, has no research on Research Tree? Usually its research would be on Research Tree.

[johndoe23] 21/3/2023 19:36

Delayed 30k print which pretty much absorbs all the small sells today.

[illiswilgig] 21/3/2023 12:06

Slightly better than I'd expected. Services seems to have more than made up for loss of profitability at Frontier - quite likely due in part to a tailwind on revenue and profits from the US, thanks to the hedging cap very astutely set lower during the year.

And the 0.6m operating profit contribution from TPG group which I think bodes well for it's performance once fully integrated. Very impressive job of clearing out all of the unprofitable businesses prior to the final acquisition.

Defence looks good for quite a while now and the current growth rate of TPG services should make a good contribution to futire growth at SAG.

I can see that management are cautious over the return of profit margin at Frontier - anything may happen in the next few months. It will offer yet more upside when it does come.

Return of reasonable profit margins at TPG maritime will likely not be quick. But I'll settle for a better performing long term business than the maximisation of profits.

All in all I think management expectations for the year are overly cautious given current performance - but that's entirely understandable.

The growing cashpile, sizable even after paying for TPGroup, combined with the unused RCF provides plenty of room to invest in more growth - or more acquisitions.

I look forward to the coming year, and if I manage to find any spare cash down the back of the sofa I will be continuing to add to my holding at current prices,

cheers

[varies] 21/3/2023 11:46

I share your view, Truffle, and am a long-term shareholder too.
It is a little disappointing that Frontier Smart Technology is producing lower profits and sees no recovery this year and, of course, we must hope that the TPG acquisition proves beneficial. I hope to read soon that TPG Maritime has settled its losses on the fixed price contracts and is trading profitably.

[truffle] 21/3/2023 11:35

Well, since you ask.....

Very much as I expected.

A pretty strong, steady performance in a difficult market alongside the challenges thrown up by having to absorb TPG.

But I suspect that is largely accounted for now and the company's reports/updates historically err on the conservative side so what you read about its performance is the minimum, so to speak, and we should see continuing growth from here

I particularly like the debt free/increasing cash position which is also a hallmark of Science Group over the years.

I am a longstanding shareholder and will remain so

But DYOR

[brucie5] 21/3/2023 10:44

Wot, no comment? Penny for' em.

[johndoe23] 17/3/2023 10:20

Finals next Tuesday!

[johndoe23] 14/3/2023 19:18

Canaccord selling, Ruffer buying