We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Team Internet Group Plc | TIG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 1.11% | 91.00 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 90.00 | 88.20 | 91.90 | 91.00 | 90.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 12/08/2024 | Interim | GBP | 0.01 | 29/08/2024 | 30/08/2024 | 04/10/2024 |
| 18/03/2024 | Final | GBP | 0.02 | 25/04/2024 | 26/04/2024 | 28/05/2024 |
| 27/02/2023 | Final | GBP | 0.01 | 04/05/2023 | 05/05/2023 | 16/06/2023 |
| Top Posts |
|---|
Posted at 16/12/2024 10:21 by sharesoc Join ShareSoc for a webinar on 28th January at 5pm, where Team Internet (TIG) will be discussing its current performance and future strategies. The session will feature an in-depth company overview, along with a Q&A.Register and Learn More Here: |
Posted at 09/12/2024 14:36 by davebowler Webinar Event: ShareSoc Webinar with Team Internet (TIG)Date: 28/1/2025 |
Posted at 26/11/2024 17:05 by indiestu Until TiG can put some evidence on the table as to why they purchased an Israeli company at a hugely over inflated price no serious investor is going to touch this. So price will continue to fall. |
Posted at 25/11/2024 14:19 by simon gordon Ben Crawford was skilled at capital allocation. Two years later TIG has spent millions on buybacks and the share is at a multi-year low. |
Posted at 11/11/2024 09:34 by rivaldo The Shinez acquisition has been disastrous. I couldn't particularly see the attraction anyway, but given TIG's excellent track record to date re acquisitions I gave them the benefit of the doubt. This has been their first major mis-step, and has exacerbated the relatively weak general performance in Online Marketing.Nevertheless, TIG wasn't trading on a high rating so hopefully shouldn't drift too much more. In particular the Online Presence arm alone must be worth a large sum given its huge recurring income, highly positive cash flows and market positioning. The Shinez deferred consideration is now almost certain not to have to be paid, and perhaps its repositioning will succeed - as stated by others, I too like the CEO and believe he knows his stuff in this sector. Zeus have reduced expectations. They now forecast 22.7c EPS this year, rising to 24.5c EPS next year. There are also 2.2p and 2.4p dividends respectively. Net debt of $95.3m is forecast to reduce next year to $48.8m and then $3.4m in 2026. |
Posted at 23/10/2024 12:43 by rivaldo From Master Investor last night....."Team Internet Group (LON:TIG) – Just what will the Q3 results show? On Monday 11th November Michael Riedl and Billy Green will reveal the Third Quarter trading results for this global internet company. To date I have always liked the fact that it generates recurring revenues from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers – but of late its shares have been totally boring and only going downhill. The only real buyers of the group’s shares have been Director Max Royde on behalf of his Kestrel Partners clients, as well as the company itself. Royde is a partner of, and holds a beneficial interest in, Kestrel, and is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the company. Kestrel Opportunities holds (and consequently he is deemed to have a beneficial interest in) 17,926,535 Shares in the company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 49,058,779 shares in the company. Kestrel indirectly controls 66,985,314 (25.96%) shares. The group itself is still in a large share buyback programme and at the last count had some 15,762,033 shares held in treasury, out of the total issue of 273,500,000. The Q3 figures could well show that the group is still moving ahead. Analysts Bob Liao and Carl Smith at Zeus Capital currently have estimates out for the group to increase its turnover in the year to end-December to $943.0m ($836.9m) with adjusted pre-tax profits of $92.8m ($77.2m), with earnings of 27.4c (22.4c) and paying a 2.2p (2.0p) dividend per share. For the coming 2025 year they estimate $1,032.4m revenues, $102.6m profits, 30.3c earnings and a dividend of 2.4p per share. The bigger returns can be hoped for in 2026, with the analysts going for $1,095.5m revenues, a much better margin $120.1m profit, with 35.4c per share earnings but still paying a measly 2.6p dividend. On the basis of those estimates, medium-term value investors should be piling into Team Internet shares and just forget about them until they double in price. At the beginning of August this year the group’s shares hit 207.50p, since when they have performed like an absolute dog, falling away quite steeply, with, as I stated earlier, just the company and Kestrel buying the stock. They closed last night at only 126p, so I am now asking – isn’t this the time to be buying in again?" |
Posted at 12/8/2024 09:00 by rivaldo A good, solid H1 from TIG overall, confirming again that they expect to meet expectations.Zeus's forecast is for 28.5c EPS this year, with a 2.2p dividend, so TIG are extremely cheap on this basis. Shinez were only acquired on 26th April, so their H1 contribution is immaterial. If I were TIG, I'd have ensured that Shinez front-loaded their pre-acquisition results split with as many costs as possible. So (1) I'm rather unsurprised that Shinez' mostly pre-acquisition H1 EBITDA is less than inspiring (!), and (2) I trust TIG's management to deliver on their aim to leverage Shinez for further growth via Tonic and VGL - they've always delivered on such promises to date. The initial drop today has already partially reversed. No doubt there were the usual traders who for some reason have to bet on pre-results run-ups (I can't believe many of these make much of a living!). Also some may have been flustered by the increase in debt due to the Shinez acquisition etc. This is more understandable, but given that $31.4m cash from operating activities was generated in H1 alone then it won't take long for debt to be cleared. And Zeus's forecast is for net debt to reduce hugely to $61.7m by the end of this year. Zeus state that "Team Internet remains the cheapest company in the Zeus Smallcap Technology index based on its 2025E P/E of 7.7x (Zeus estimates)". |
Posted at 12/8/2024 07:20 by davebowler Cavendish -Team Internet Group Strong H1, FY24E & FY25E forecasts reiterated H1 24 results show net revenue growth of +7%, adjusted EBITDA growth of +4% to $47m, proposed interim DPS of 1.0p, and a positive outlook with the Board confident that the group will meet market expectations for FY24. At this point, we reiterate our FY24E and FY25E revenue, adjusted EBITDA, EFCF, and net debt, and we expect that any improvement in the macro environment will drive upside to our revenue forecasts, which would gear strongly to adjusted EBITDA and cash. At 190p, TIG is trading on 12-month forward multiples of only 6x EV/EBITDA with +13% EBITDA growth and EFCF yield of 12%, which compares to Cavendish T40 peers trading on 13x 12-month forward EV/EBITDA with +10% EBITDA growth and EFCF yield of 5%. We reiterate our 350p target price, and look forward to strong operating and financial momentum through FY24, further updates on shareholder returns, and attractively valued acquisitions. H1 24 results H1 24 revenue growth of +3% to $409.7m reflects trailing twelve month (TTM) organic revenue growth of +9%, with +9% in Online Marketing and +8% in Online Presence. H1 24 Online Presence revenue growth of +6% yoy to $97.2m demonstrates the division benefitting from the H1 Online Marketing growth of +3% yoy to $312.5m reflects continued pressure on pricing in the currently challenging advertising market, and +$10.7m of Q2 revenue from the April 2024 acquisition of Shinez. Adjusted EBITDA growth of +4% yoy to $46.6m shows continued control of operating costs, and the Shinez acquisition contributed +$0.1m of adjusted EBITDA. Following the initial cash consideration of $31.8m for the acquisition, $12.6m of share repurchases, and $7.2m of dividend payment, H1 net debt DPS of 1.0p. We reiterate our FY24E and FY25E forecasts outlook that the Board is confident that the group will meet market expectations for the FY, at this point we reiterate our FY24E and FY25E revenue, adjusted EBITDA, EFCF, and net debt, which are +1-5% ahead of consensus. The acquisition of Shinez offers the potential for upside as management integrates the operations, with the acquisition enhancing diversifying , and creating cross-selling opportunities. The strengthened platform can then capitalise on an improving macro environment with stronger ad pricing, and we expect that any revenue upside to our forecasts would gear strongly to adjusted EBITDA, EFCF, and shareholder returns. Strong organic and inorganic growth from a robust marketplace platform As we explain in more depth in our initiation, TIG is capitalising upon the complementary opportunity for its Online Presence and Online Marketing divisions. Following investment over the past three years, the group is primed to benefit from platform economies of scale, which can be accelerated by its proven ability to acquire companies at attractive multiples, generate cost savings, and drive cross-selling. Its strong cash generation provides excellent scope to reduce net debt, expand shareholder returns, and/or fund future M&A. |
Posted at 12/8/2024 07:19 by davebowler Zeus-Solid H1 results in a challenging market, interim dividend proposed The company grew Adjusted EBITDA by 4% and Adjusted EPS by 12%, accelerated by share buybacks, and improved gross and Adjusted EBITDA margins. Organic revenue growth for TTM accelerated slightly to 9%, driven by Online Marketing. The Online Marketing division grew visitor sessions over the TTM, more than offsetting falling click prices in an ongoing tough market. The Board also intends to declare an interim dividend of 1.0p per share, marking its first interim dividend. Going forward, Team Internet expects to meet full year market expectations driven by product innovation, vertical integration and international expansion. With the acquisition of Shinez in April, Team Internet now provides marketing platforms to support the consumer journey from awareness (Shinez) to consideration (TONIC) to conversion (VGL). Over time, the company plans to further integrate and supplement the platforms to realise further synergies. Despite this strong medium-term outlook, Team Internet’s shares trade on the lowest PE in the Zeus Smallcap Technology Index. H1 results: Team Internet grew Group gross revenue by 3% to $409.7m, gross profit by 7% to $97.7m, Adjusted EBITDA by 4% to $46.6m and Adjusted EPS by 12% to 10.7 US cents, accelerated by share buybacks. The Board intends to declare an interim dividend of 1.0p, subject to bank approval. This marks the Group’s first interim dividend and follows a 2023 dividend of 2.0p. Slight acceleration in organic growth, driven by Online Marketing: Group organic gross revenue growth rose slightly to 9% for the trailing twelve months ended 30 June 2024 (TTM 2024) from 8% in TTM March 2024, driven by Online Marketing organic gross revenue growth accelerating to 9% for TTM from 7% in TTM March 2024. Click prices (RPM - revenue per thousand sessions) declined by 12% for TTM, but this was more than offset by TTM visitor sessions rising 16%. Online Presence organic gross revenue growth moderated to 8% for the TTM from 14% in the TTM to March 2024 due to tougher comparisons when the division began implementing price increases. The number of processed domain registration years decreased by 3% in in TTM 2024, offset by the average revenue per domain year rising by 13%. Margin improvements and cash generation: Both Online Marketing and Online Presence increased H1 gross margin yoy. Online Marketing/ Online Presence gross margin rose to 33.6%/ 20.8% from 32.0%/ 20.3% a year ago. Group Adjusted EBITDA margin increased slightly to 11.4% from 11.3% a year ago. Net debt would have fallen by $15.8m over the half, if we exclude acquisition payments ($31.8m), share buybacks (12.6m) and dividends ($7.2m). Adjusted operating cash conversion was 87% compared to 96% a year ago due temporary working capital timings. As a result, net debt at the end of H1 2024 was $109.9m, implying $48.0m of net cash generation required to meet our year end forecast of $61.9m. The company expects cash conversion to improve significantly in H2 2024. In line outlook: Team Internet expects product innovation, vertical integration, and international expansion to allow the company to meet market expectations for the full year. We estimate Team Internet needs to grow Adjusted EBITDA by only 3.4% organically yoy in H2 2024 to meet our full year Adjusted EBITDA estimate of $105.4m, assuming Shinez’s Adjusted EBITDA contribution is flat across 2024. Valuation: Team Internet remains the cheapest company in the Zeus Smallcap Technology index based on its 2025E P/E of 7.7x (Zeus estimates). Its other 2025 ratios are also highly attractive at only 5.4x EV/EBITDA and 14.9% FCF yield. |
Posted at 07/8/2024 13:24 by rivaldo The latest from Mark Watson-Williams at Master Investor (from Monday):"Team Internet (LON:TIG) – Interims Due Next Week Could Further Identify Under Rating Of Shares Next Monday, 12th August, this £500m capitalised global internet services group will declare its half-time results for the six months to end-June. They should be good enough to keep the shares trotting higher in price. They have been up above the 200p level in the last few trading days, having touched 207.50p at one stage last Thursday, before drifting back to 200p. Despite the slower advertising market depressing its Online Marketing returns, market analysts are still expecting that the year to end-December will show a significant increase in full-year revenues to $960m ($837m), with adjusted EBITDA of $107.60m, taking earnings up to about 28c per share, plus paying a 2.2p dividend. For the coming year, some $1,050m revenue could see about $116.20m of EBITDA, worth 30c a share in earnings and easily covering a 2.5p dividend. In 2026, some estimates already suggest close to $1.1bn of revenues, with EBITDA of $130.5m, earnings of 36.5c and a dividend of 2.6p per share. For such a long time I have been boring readers with my description of this business as being a ‘money machine’ – well looking at those analyst views continues to confirm my theory. On 22nd May, when the shares were around 180p, I noted that “With the current momentum I would suggest that 200p really is not that far away now.” That occurred within days. The recent share price strength has been set against a much heavier dealing turnover, with volumes over 1.1m shares for two days running, late last week. The increased activity could well be in advance of the group’s forthcoming Results and Trading Statement. I continue to like this stock and suggest that, unless there is bad news, the shares are not for selling, instead they are for buying on any price dips." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
