Tarsus Share Discussion Threads

[battlebus2] 18/6/2015 16:28

Another blue day for Tarsus :))

[battlebus2] 12/6/2015 15:12

Thanks exbroker, slowly moving up from £2 i believe....

[exbroker] 10/6/2015 10:35

There is good 2 way flow at around 201, several buyers and sellers, no sign of any trackers yet.

[battlebus2] 10/6/2015 08:30

Looks like we may have found bottom at the £2 mark??

[exbroker] 06/6/2015 12:18

There has been a bit of short covering but there is a non index seller so I am not sure how the buy sell balance looks,below 200 I might be very tempted to start a holding

[battlebus2] 05/6/2015 16:17

Seems we have a few lurkers in waiting, i've already taken a position today with a buy in the first account , down from 227 to 202 and that's with good news in between so my feeling is we may not go as low as 190, either way it's a good long term buying opportunity..GLA.

[wjccghcc] 05/6/2015 16:05

Yup, have a few cheeky buy limits set just in case.

[gucci] 05/6/2015 13:12

below 190p would be nice

[battlebus2] 05/6/2015 13:07

Taursus dropped out of the index so we have selling pressure from the tracker funds. It should all settle in a few weeks imv.

[larusso1] 05/6/2015 12:56

I've been looking at TRS over the last few months and all the news and fundamentals look good. I'm pretty new to investing, so can I ask what you mean by "fall out of the index for liquidity in June" ? I presume this is whats casuing the dip at the moment? Thanks

[exbroker] 03/6/2015 18:09

Confirmed leaving the index for liquidity

[exbroker] 19/5/2015 15:07

Beware this stock will fall out of the index for liquidity in June, which should be a chance to buy some cheap ones.....

[topvest] 23/3/2014 13:25

Well looks cheap now on 12p and 20p EPS for the next two years. The weakness is probably currency related I suspect as £ strength is a drag on profitability. This year is also a low year before the biennial bumper in 2015. If you take the average 16p EPS it's on a forward P/E of 12.5. Prospective dividend yield of 4%. More than happy to hold as they seem to be doing everything right, including reducing their exposure to France!

Can see this being worth £4 at some point when it is truly recognised as a growth share with 20p+ of earnings in 2015.

[woodcutter] 10/2/2014 08:37

yep b2 it was predicted!

The BS started to look pretty weak after the last results imo.

Wouldn't be surprised to see it drift down from here.

WC

[battlebus2] 10/2/2014 07:37

More acquisitions and placing of 5.2% of the share capital. I don't hold..

Tarsus Group plc (LSE: TRS, "Tarsus" or the "Company"), the international business-to-business media group, is pleased to announce the following acquisitions in two of its key markets. The Company has agreed to acquire 100% of the assets of HealthScienceMedia Inc. ("HSM") in the US and 60% of SADA Uzmanlik Fuarlari A.S. ("SADA") in Turkey (together the "Acquisitions").

The Company has also today announced a placing of 5.0m shares representing approximately 5.2 per cent of the Company's existing issued share capital (the "Placing"). The Acquisitions and the Placing are not inter-conditional and full details of the Placing are contained in a separate announcement released today.

CARDIO

The principal asset being acquired from HSM is the Cardiometabolic Health Congress ("CMHC" or "Cardio"), the largest US event focused on the cardiometabolic field. It is an annual congress which began in 2006 and is held over three days each October in Boston. CMHC's 2012 delegates comprised approximately 1,500 practising clinicians.

Healthcare providers and physicians increasingly understand that integrated management of all aspects of cardiometabolic risk (including obesity and type 2 diabetes) is an important way to deal with this rapidly growing problem area and this field of medicine is attracting significant pharmaceutical company investment.

Cardio is complementary to Tarsus' existing medical business and provides an established audience for the division's recently launched new mainstream product, the Metabolic Medicine Institute. We also believe there will be a number of possible synergies with the Group's existing medical division. HSM is owned by Alex Teperman, who will remain with the business on a consultancy basis.

The unaudited profits attributable to the assets being acquired in the twelve months to 31 December 2012 were US$2.0m (approximately £1.2m) on revenues of US$3.5m (approximately £2.1m) and the gross assets being acquired amount to approximately US$0.5m (approximately £0.3m).

Tarsus is acquiring the assets of HSM for $14 million (approximately £8.5m) of which $10m (approximately £6.1m) is payable in cash on completion with the balance payable in two equal cash payments after the 2014 and 2015 Cardio events respectively.

KOMATEK

Established in 1967 and based in Ankara, SADA organises a single event - Komatek - which was first held in 1991. This biennial (odd years) show is Turkey's largest trade exhibition for construction equipment and related products. The last edition was held in May 2013 at the Ataturk Centre in Ankara with combined indoor and outdoor net space of 53,200m2. Over 400 exhibitor companies were present and visitor numbers, at approximately 35,000, were 9% higher than the 2011 event.

Komatek is the largest construction equipment exhibition in Turkey and one of the largest events in Europe. With US$1.0 trillion worth of major construction and investment projects expected to be completed in Turkey between now and 2023, the Group expects strong growth in Turkey's construction market over that timeframe.

SADA's management team has delivered strong performance to date and will continue to run the business post-acquisition. The exhibition also enjoys support from a key industry association.

The purchase of Komatek further strengthens Tarsus' position in the Turkish market and adds scale to our Ankara operations. The city's importance as an exhibition centre is expected to increase when the new Akyurt venue has been built, which is anticipated in 2015. Additionally, the Group believes there are synergies with Tarsus's CYF business, which owns Yapi Decoor (a building interiors event) and the Group's infrastructure event in Indonesia.

Unaudited revenues at Komatek in 2013 were TL3.3m (approximately £0.9m). Tarsus will pay an initial TL5.0m (approximately £1.4m) on completion and two additional payments contingent on the profit performance of the 2015 and 2017 events. The total consideration for 60% of SADA is capped at TL20.0m (approximately £5.6m).

The Acquisitions and the Placing together are expected to be earnings enhancing in the year ending 31 December 2014.

[woodcutter] 08/1/2014 10:04

sold my entire holding, a few yesterday but all the rest in several tranches this morning. Sp reaction on such good news was to say the least underwhelming. I also have concerns over the balance sheet, it's looking stretched and more acquisitions today looks like a placing coming.

The retained earnings has been dropping appreciably, i guess to pay dividends and acquisition costs, just looks a bit stretched to me.

TA
Big engulfing candle to the downside too. It's dropped below the 21, 63 and 126 day EMA's which are rolling over on a 1 year basis. The 3 year trend is still intact but it's starting to show domed dumpling top characteristics.

aimho, dyor etc.

Woody

[woodcutter] 17/12/2013 18:14

Can't blame you for that b2 you don't get poor taking profits. i figure as we get closer to the next results the share price will rise a bit based on the Dubai air show report so i'll hang on for a little while. I've unwound quite a bit too, no longer in FIF, BQE and a few others.
I'm looking at a few resource stocks at present, only the big game players, can't believe they'll fall much further must be due a reversal soon. Might have to sit on them for months but sooner or later they'll need to turn up to meet the continuing asian demand. Having said all that it's not a sector that's historically delivered considerable gains apart from the last period.

Thx for letting me know on the sale, it's appreciated, good luck.

Woody

[broadwood] 16/12/2013 20:30

woody - only the same details as you.

Liberum Capital 16/12/2013
Initiates/Starts
Buy 2 320.00 239.00 320 2

[battlebus2] 16/12/2013 20:10

Evening Woodcutter thought i'd let you know i've sold out of TRS. I decided to reign in a few profits and scale back the portfolio to around half it's current size. It's even harder to decide what to sell never mind buy. It's been a great few years here so good luck remaining holders.

[woodcutter] 16/12/2013 10:03

Broker Liberum Capital have initiated coverage and have a buy note out today with target price of 320p. If anyone is able to get hold of the details could they please post.

WC

[woodcutter] 26/11/2013 17:48

yep interesting JV there b2 also from the web site looks like the Dubai airshow was a massive success.

hxxp://www.tarsus.com/news/dubai-airshow-makes-history

Woody

[battlebus2] 26/11/2013 07:16

Tarsus Group plc

Mexico Acquisition

Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group"), the international business-to-business media group, has agreed to acquire a 50% interest in a company that owns two major exhibitions in Mexico from E.J. Krause & Associates, Inc. ("EJK") (the "Acquisition") to establish a joint venture (the "JV") with EJK.

EJK was founded in 1984 and is one of the largest privately held exhibition companies in the world. Headquartered in the US EJK has offices on three continents and produces over 80 events in 16 different industries.

The JV owns two events held in Mexico:

-- Plastimagen (2013: 17,400 net sqm), a leading exhibition in Mexico for the plastics industry, focussing on plastics processing and ancillary equipment, attracting engineering and production professionals from plastics processing, packaging and manufacturing companies. It is run on an 18 month cycle with the next edition scheduled to be held in November 2014; and

-- Expo Manufactura (2013: 4,300 net sqm), Mexico's premier metalworking/manufacturing exhibition, featuring machine tools, assembly technology, fabricating, software, coil winding and welding technologies. Visitors include production and engineering professionals from across a wide spectrum of Mexican manufacturing industries. The show takes place annually, with the next edition due to be held in March 2014.

The JV provides the Group with an important hub in the growing Mexican exhibition market and it will be one of the top three largest international exhibition companies in Mexico. Under the terms of the Acquisition EJK will continue to manage the events post Acquisition. The Acquisition is expected to be earnings accretive in 2014.

The JV will also provide a platform for Tarsus to launch new exhibitions in Mexico, primarily drawing on Tarsus's existing major brands. Concurrently Tarsus has agreed to collaborate with EJK by launching replications of existing EJK brands into territories in which Tarsus has a suitable launch platform.

The first of these will be in Indonesia where the Group has agreed with EJK to launch an edition of EXPO COMM in Jakarta. EXPO COMM is an ICT exhibition with a global schedule of events in Latin America, Europe, and Asia. It covers telecommunications, broadband, wireless 3G/4G, unified communications and network infrastructure. The first event is scheduled to be held in November 2014.

Douglas Emslie, Tarsus Group Managing Director, said:

"Mexico is a large and fast-growing market that has close trading ties with the US. The Mexican exhibition market is highly fragmented at present and offers exciting potential for growth.

"This agreement with EJ Krause enables Tarsus to acquire a stake in two leading events in Mexico - Plastimagen and Expo Manufactura. The joint venture fits our aim to quicken the pace of our earnings by investing in quality assets in high growth markets.

"I am excited by the opportunity to work with EJ Krause to launch collaborative replications of Tarsus' brands in Mexico and EJ Krause's brands in emerging markets where Tarsus has an established footprint, initially with an edition of EXPO COMM in Indonesia."

[battlebus2] 04/11/2013 09:02

Yes sounds like they weren't far off beating expectations so maybe a little cautious.

[woodcutter] 04/11/2013 08:43

yep pretty decent statement, although i would have liked them to have been a bit more explicit than "excellent" is than on or above market expectations for eps forecast.

Woody

[broadwood] 04/11/2013 07:44

Happy with that.



"In light of strong performances by our flagship brands, we remain confident of an excellent result for 2013."