I just don't think it's a precise science |
They are the extremes of the range.In reality you can buy below £2.00 and sell higher than £1.88This depends on things at the time but you can normally expect to save a couple or a few pence either buying or selling. This is not a rule and only guidance as sometimes the buy and sell will be at the extremes |
Hello fellow investor,
I have a question.
I recently read that a share price will only change if there has been a transaction.
So, if a price goes up from 188.0 to 200.0, someone bought this share @200.0;
on the other hand, if a price does go down from 200.0 to 188.0, someone sold this share @188.0.
Is this theory correct ? |
yf23_1 - Totally agree.
On smaller company shares, where a high proportion of trades are retail 'O' trades, it's often best to ignore the UT and AT prices shown on advfn and select the mid price option. Malign influencers can distort perception of the facts with AT and UT manipulation at insignificant cost.
Unfortunately the automatic prices always take precedence when calculating the change and % figures and charts.
Some foreign exchanges manage things better, e.g. you won't find strings of silly small trades, even zero trades printed (!) as there are sensible minimum lot sizes with subsize trades bundled for dealing. |
WTF is it with these opening UTs that bear no resemblence to the actual price.
Makes a mockery of the candlestick charts.
Why is there an opening UT anyway ? |
With no big spend on buy backs , debt will be falling fast. |
Tomorrow will complete 4 whole weeks since arriving in the 190's with no further progress sp-wise. Some of the recent arrivals in TIG may be getting restless.
Personally, I am prepared to wait. |
just a matter of time. |
'Roundophobia' the fear of round numbers, is proving a barrier to busting through £2...... but we'll see. |
The new issue of Techinvest this weekend said Buy and concluded as follows:
"After a period of strong revenue growth through acquisitions primarily, the benefits of operating levearge are starting to flow through to Team Internet's bottom line. Other encouraging news was that the number of visitor sessions in the Online Marketing segment increased to 19% to 6 billion over the trailing twelve-month period, while the Online Presence segment recorded organic revenue growth of 14%.
Broker consensus forecast for fiscal 2024 points to net profit of £50.8m and earnings per share of 19.2p. These figures rise to £54.7m and 20.5p respectively for fiscal 2025. Trading on a prospective P/E of 9.4 for next year, we feel the shares remain undervalued. That situation should rectify itself as operating margins continue to rise and further consolidation of acquisitions reveals more about the intrinsic strength of the business model and product offerings. Continue to buy." |
Zeus in mid-May stated TIG:
"trade at only 5.3x EV/ EBITDA 2024 and 6.7x PE, with a 15.1% FCFF yield. In comparison, Online Presence peers trade at 10.3x EV/EBITDA 2024 and Online Marketing peers trade at 6.5x, 94% and 22% valuation premiums to Team Internet"
Since then the share price has risen nicely, but there's still a very large gap to TIG's Online Presence peers if not so much the Online Marketing companies. |
The best comparator for TIG is System1 Inc
GDDY is on a low teens free cash flow multiple
Eric |
Cheers dave, that reflects well on the sector (btw I had already posted that Zeus update just a few posts ago!).
Per Zacks, GoDaddy's consensus EPS is $4.92, so at their current $142.04 stock price they're on a P/E of 28.9. Which is somewhat better than TIG's P/E of 8.9 at 200p...
"GoDaddy and CrowdStrike Will Join the S&P 500 Later This Month"
"GoDaddy stock has risen 31% this year. The web-services provider has received activist investor intervention from hedge fund Starboard Value. GoDaddy should target at least “40% growth plus profitability” in fiscal year 2025, Starboard said in a letter to the company earlier this year." |
Apparently according to Liberum ...GODADDY SET TO JOIN S&P 500 |
Zeus research.....More to go: Of the top five performers, we highlight Team Internet as a stock that remains attractively valued compared to several peer groups. Based on FactSet data, Team Internet has the lowest 2024 PE multiple (9.2x) amongst UK digital marketing peers (median: 14.4x), global Online Presence peers (27.0x), global Online Marketing peers (17.1x) and the 78 companies in Zeus' UK Technology universe (median: 23.0x). The company also has the lowest EV/EBIT multiple (6.6x) and second highest FCF yield (11.4%) in Zeus' UK Technology universe, after Nexteq, discussed below. Despite Team Internet's low multiples, it is forecast to grow EPS by 23% in 2024, leaving it with a highly attractive PEG ratio of 0.40. We see Team Internet's EPS growth well supported by new products, vertical integration initiatives, international expansion, acquisitions and share buybacks. |
They can certainly make an offer. However with the Kestrel owning 27%, their decision makes it binary on whether any offer would succeed.
So if I was advising a potential acquiror (and M&A is my job!!!) I'd be telling them to speak with Kestrel, get them on board and then announce it with Kesterl in their back pocket |
Hi Petes5.
You keep mentioning about TIG being taken over. However, if you look at current share holdings, there are not enough shares in the market for anyone to buy and make a bid. |
Sitting shouting "why won't you go up" for 2 years does at times work. Just glad they were not taken out on the cheap like a number of my other holdings.. |
That’s 200p. |
TIG's record and prospects speak for themselves, whether Zeus has calculated correctly or not:
2022 - 20.0c EPS (actual)
2023 - 23.2c EPS (actual)
2024 - 28.5c EPS
2025 - 31.5c EPS
2026 - 36.9c EPS
On a current year P/E of 8.7, a PEG of only around 0.4 - and importantly on a large discount to sector comparators - TIG is still extremely cheap imo even after the recent rise, and remains a tantalising prospect for an incoming bid. |
Pretty amateur financial knowledge by Zeus though, because they are using the 2024 P/E multiple and comparing it to the 2024 EPS growth, which is double-counting. And made worse because there is significant inorganic growth benefit in the 2024 number
Eric |
Zeus Capital feature TIG in their Monthly UK smallcap technology update this morning:
"More to go: Of the top five performers, we highlight Team Internet as a stock that remains attractively valued compared to several peer groups.
Based on FactSet data, Team Internet has the lowest 2024 PE multiple (9.2x) amongst UK digital marketing peers (median: 14.4x), global Online Presence peers (27.0x), global Online Marketing peers (17.1x) and the 78 companies in Zeus’ UK Technology universe (median: 23.0x).
The company also has the lowest EV/EBIT multiple (6.6x) and second highest FCF yield (11.4%) in Zeus’ UK Technology universe, after Nexteq, discussed below.
Despite Team Internet’s low multiples, it is forecast to grow EPS by 23% in 2024, leaving it with a highly attractive PEG ratio of 0.40. We see Team Internet’s EPS
growth well supported by new products, vertical integration initiatives, international expansion, acquisitions and share buybacks." |
Doesn't look likely to break the 200p barrier today.
(Just tempting it to prove me wrong.) |
Fidelity coming in is great for two reasons:
1) adds a stable high quality insti to the base who won't churn in and out
2) mops up remaining excess lidquity after the buyback. Almost like a buyback but without the company using their own cash for it. |
This could be a win-win situation for an institutional investor; share is going up and
future dividend looks certain. |
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