Tarsus Share Discussion Threads

[gucci] 17/4/2013 16:26

looking good on a bad market day

[battlebus2] 15/4/2013 13:06

Touching new recent highs again :))

[woodcutter] 08/4/2013 08:25

gucci similar to myself in my SIPP i bought in heavily at just a little higher and have been adding on many of the dips, it's now my biggest holding. I'm hoping it's going to make my retirement healthy and comfortable :-))

WC

[gucci] 05/4/2013 23:06

Woodcutter, I have been holding these in my isa for a few years now - since about 1.10, been a good stress free hold. Added today :-))
Nice divi too

[cockneyrebel] 05/4/2013 21:28

oh, and Interim Man Statement in a month's time - I suspect that will firm these up ahead of that

CR

[cockneyrebel] 05/4/2013 21:25

Cheers Woodcutter - look at the bowl - screams buy imo:



CR

[woodcutter] 05/4/2013 18:04

gucci

we haven't had a "love it" for a while, don't get to carried away i think we'll see some consolidation around 240p...ish

The brokers seem to have between 17p and 19p eps this year but i reckon we'll smash that, i'm looking at a minimum of 20p eps (and growing bi-year on bi-year, given Emslies record) added to the 12.2p from this year just completed that's a biannual of 16p eps so i figure 240p is per of 15 about justified imo.

As i've said before it's not fully understood because of the bi-annual sales.

but as they say DYOR.

woody

[woodcutter] 05/4/2013 17:17

CR

Nice to see you buying, that might bring some others in. It's got a lot further to go imo.

Some good indicators recently on MACD and ADX and tightening of Bollingers too. All imo of course

Woody

[ninja 19] 05/4/2013 14:37

a bit toppy for me. With dear leader Kim about to nuke the world, who wants to risk it on this shares.


Look at the share price, peaked

[battlebus2] 05/4/2013 12:11

Yep looks like you've ticked us up :))

[cockneyrebel] 05/4/2013 12:09

I've just had a wadge battlebus - wasn't aware you were here :-)

Nice indicator tho - nice quiet thread too :-)

That's a lovely chart with a lovely bowl imo.

CR

[battlebus2] 26/3/2013 19:37

Yes i love the quiet threads :)) Thanks for your thoughts on SAL, still hope it can reach £1.50 or so.

[woodcutter] 26/3/2013 15:44

And some more

Woody

[woodcutter] 24/3/2013 21:24

well i've been buying again last week. This is now one of my largest holdings.

What a lovely chart.

And such a quiet board

b2 looking at ZTF again!

Woody

[battlebus2] 22/3/2013 16:29

Yep gotta be worth 250 imv :))

[8mp] 07/3/2013 19:17

Any thoughts on why the violent fall today?

[napoleon 14th] 06/3/2013 15:44

I'll hold on to what I've got (in ISA)

[felix99] 06/3/2013 08:08

seem to be ahead , reasonable rating and divi yield. I added a few more to my collection hey ho

[battlebus2] 06/3/2013 07:52

Excellent results-
Current trading and outlook

-- Forward bookings for 2013, on a like-for-like basis, are currently 16% ahead of those for 2012 (as adjusted for biennials and acquisitions)

[battlebus2] 02/2/2013 17:39

Tarsus is an international B2B media
group with interests in exhibitions,
conferences, publishing and online
media. As a result of its two largest events
(The Dubai airshow and Labelexpo Europe)
occurring bi-annually, results are biased
towards odd numbered years. The 7 January
trading update suggested 2012 results
will be in line with market expectations.
Encouragingly, Tarsus revealed that its target
to derive 50% of its revenue from Emerging
Markets by 2013, Project 50/13, had been
completed over a year ahead of schedule
through organic growth and acquisitions.
WHAT WE LIKE
Over the last three years the shares, up more
than 80% have consistently outperformed the
market, mirroring the company's continued
Tarsus Group (TRS) Increasing Emerging Markets Exposure
FTSE Small Cap – Share price: 21.5p Market Cap: £206m
www.tarsus.com
Estimates (Dec) 2012 (E) 2013 (E) 2014 (E)
Revenues (£m) 50.1 71.5 54.6
PBT (£m) 13.9 22.8 16.0
EPS (p) 11.4 18.5 12.6
P/E (x) 18.9 11.6 17.0
Dividend (p) 6.6 6.9 7.3
Yield (%) 3.0 3.2 3.4
Source: FactSet Research Systems
consensus forecasts, Analyst: Derren Nathan
growth. 2012 forecasted PBT of £13.9m
equates to a four year CAGR of 25%.
Whilst the recent strategy has been to build
the platform, the focus is now switching to
maximising the return from the company's
operational assets in high growth markets
or 'quickening the pace' of EPS growth,
principally by driving visitor growth and
further increasing USA and Emerging Market
revenue share. As demonstrated by the 51%
acquisition of Indonesian exhibition organiser
PT Infrastructure Asia on 16th January, Tarsus
is still in the market for opportunistic bolt
on acquisitions. On a blended 2013/14 P/E
multiple of 14.3x, Tarsus trades at a small
premium to its peers. Given the new strategic
phase and exposure to growth economies
we believe there is scope for upgrades to
forecasts. The shares also yield 3%.