Tangent Communications Share Discussion Threads

[jaykaytee] 19/5/2014 17:13

I expected to see an outlook statement. Or perhaps even an update of how they did in March and April. Surprised to find that neither is mentioned.

[battlebus2] 19/5/2014 08:26

Seems to be a seller in the market atm.

[stegrego] 19/5/2014 08:24

Surprising reaction so far to very good results.

Maybe the housing part is seen as unsustainable?

[kermat] 15/5/2014 14:41

Not much evidence of buying ahead of results, hope this is not a bad sign. I can't see how the outlook can be anything but positive with the upswing in the UK retail and real estate sectors. Am hoping for a quick reversal of the last 2 months drift down and on to new 5yr highs by the end of the week!

[jaykaytee] 13/5/2014 12:44

Well I just topped up ready for monday's results.
Ive been in these since 2007 and made my first purchase at 11p.
It's been a long hard 7 yrs, but finally I might make some proper money on these.
Fingers crossed on a good outlook statement!

[yump] 13/5/2014 08:37

Not long to wait now:

Tangent Communications plc (AIM: TNG) announces that it intends to report its Final Results for the year ended 28 February 2014 at 7:00am on Monday 19 May 2014.

[cfro] 06/5/2014 11:10

Zzzzzzz......Yes, i must say this share is a little boring to say the least. Share price just drifting down on no news.

[yump] 06/5/2014 09:48

Looks like everyone has dozed off for a while.

Close to results now I imagine. Year end was 28th. Feb. Results were reasonably flagged, but its the current trading/outlook statement that will be interesting.

[minuteman] 16/4/2014 07:18

Not a lot of buying going on for the share buyback. Do the closed period rules apply to the company as well as the directors?Looking forward to the results!

[battlebus2] 01/4/2014 18:35

Great thread GHF.

[minuteman] 01/4/2014 10:40

Just the usual punters getting in and out before results... I have seen it happen lots over the 12 years I have been into these

Looks cheaper and cheaper as time goes by.

[yump] 01/4/2014 08:48

Thanks for the new thread.

As results are out mid-May, probably get a bit more action as that approaches, unless there are any events before that.

[kermat] 01/4/2014 01:03

Tragic.RIP outsider, my thoughts are with your family.

[glasshalfull] 31/3/2014 21:05

NEW THREAD WITH CHARTS AND FORECASTS



I'll update further as time permits.


Regards,
GHF

[glasshalfull] 31/3/2014 17:11

New Thread...current header synopsis reproduced here for posterity.

About

Tangent is a team of 270 people, operating across 17 markets, leading and developing new innovation in online printing and digital marketing.

Market Cap

Market Cap £27m
Shares in issue 280,845,000
Net Cash (as at 28/02/2014 per RNS c.£2.6m)

Major Shareholders

Directors
Michael Green 29.7%
Kevin Cameron 0.5%
Nicholas Green 1.3%
Timothy Green 1.9%
David Steyn 0.1%

Total 33.5%

Significant shareholders
Isis EP LLP 10.2%
Unicorn Asset Management 8.5%
Hargreave Hale 6.2%
Octopus Investment Management 5.9%
Herald Investment Management 5.5%

Total 36.3%

Overall 69.8%

Financials

2012

PBT £1.5m
Adj dil EPS 0.57p
D/V 0.20p

2013

PBT £1.6mm
Adj dil EPS 0.55p
D/V 0.20p

Forecasts

2014

PBT £2.4m
Adj dil EPS 0.59p (+7.4%)
D/V 0.20p

2015

PBT £3.1m
Adj dil EPS 0.78p (+33%)
D/V 0.20p

Investment Case

Canaccord retain a buy recommendation and 12.7p target price and indicated at time of H1 results that TNG was significantly undervalued in comparison to peers Vistaprint and Shutterfly who at that stage were valued c.125% higher on an EV/EBITDA basis.

On completion of FY 2014 0.59p dil. EPS forecasted but this was before a bullish trading update of 6th March 2014 that indicated, "underlying operating profit for the full year to 28 February 2014 will be ahead of current market expectations."

It is worth reminding that the tax charge is forecast to rise to 33% for H2 to produce normalised rate of 28% for FY 2014 and therefore not a simple case of simply looking at H1's dil EPS 0.39p and simply x 2.

So, the company will exceed the brokers target and I expect that forecasts of 0.78p and +33% earnings growth for FY 2015 (PER 11.8) will be upgraded in due course given the continuing UK recovery underpinning all business areas; growth in digital communications benefitting Tangent Snowball; reduction in CAPEX & full integration of Goodprint providing improved margins not to mention Ravensworth benefitting from cyclical nature and improvement in UK property market.

The company indicated that they finished FY 2014 with £2.6m net cash. Therefore we have a company exhibiting strong cash generation and delivering a dividend yield c. 2.2%

Looks a decent investment proposition.

Regards,
GHF

[glasshalfull] 31/3/2014 15:44

I believe its time to start a new thread with better charts as sadly "Outsider" is no longer with us to do the needful. I'll post the relevant link later on tonight.

I resurrected this post from the RGO thread which explains far better. RIP Outsider!

Cambium 14 Jun'11 - 09:53 - 169 of 373 0 0

RIP Outsider the writer of this thread

In case anyone is not aware, Outsider, who started many threads on small caps on ADVFN passed away recently in a tragic accident.



Regards,
GHF

[cfro] 31/3/2014 13:53

No idea why these have fallen back after a strong TS. I've also topped up today on the dip.

[glasshalfull] 31/3/2014 13:35

Surprised to see TNG retrace 15% following their recent "trading ahead" statement.
Been picking up stock...

@Glasshalfull1: TNG (Tangent) Have given up gains following "ahead" trading statement Top up time for me!

Regards,
GHF

[minuteman] 24/3/2014 09:46

All we need now is Mr Green to offload a few of his millions of shares so that this becomes a little less illiquid!

[yump] 21/3/2014 16:35

The Gold ones allow you to put one director of your choice through a lie-detector test ;-)
They've sold out because there is a queue of disgruntled Blinkx shareholders.

The £10 ones allow you one throw of a coconut.

[cfro] 21/3/2014 15:59

Now we're getting spam from advfn!

Gold tickets 50 quid, what are they real Gold?? :-)

[ukinvestorshow] 21/3/2014 13:00

will be appearing at the UK Investor Show, 5 April 2014 at the , Westminster. Company directors will be attending the show. Be sure to turn up and ask any questions you have. Also attending will be , author of The Darker Side of Blinkx, who will be revealing some material not previously seen elsewhere. All £50 Gold tickets are now sold out, but there are still some £10 tickets left, click the button below to get yours.

[interceptor2] 18/3/2014 08:18

Encouraging to see some of the blue chip customers TNG are attracting.



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