Edison revisited its forecasts this afternoon.
I think we should assume that the 2024 estimates are reasonably accurate.
Forecasting the future is more difficult!
(There is no paywall but you may have to sign up - free.) |
From a charting perspective I believe that the falling gap from 94 to 75 p will be filled, with a resistance (previous support)at 80 p. So, I will bet that the share price will rise to 75 -80 p in due course. |
^^^^
Oh shut up you dopey motormouth. |
I would say that many CEOs are just middle managers in reality. They have got there because of connections, but lack real talent. That's why there are no big techs in the UK and Europe as a whole. It has been widely commented in other parts of the world, especially in Asia and America, that only the US and China have big tech. That's why those two countries are so dominant in their own ways despite different political and financial systems. |
 elsa7878 - You’re spot on. I was this close to replying to TIG on LinkedIn this week. The CEO is constantly at conferences—one after another—all focused on the advertising side of the business, while completely ignoring where the real money, recurring revenue, and stable cash flow are: domains and hosting.
I went to an event last year and brought up TIG multiple times to gauge industry sentiment. Since ICANN events are open to all and free, I attended one nearby, and the response was brutal. The industry doesn’t just see them as struggling—it’s almost a laughing stock at this point. And to be fair, it’s not even the whole business that’s failing. One part is dragging the rest down, and competitors seem to be watching with a bit of glee, waiting for the fallout to create opportunities.
Honestly, it’s shocking that the CEO has kept his seat for this long. The numbers don’t lie—£2 down to 50p wipes out nearly six years of progress, and that falls squarely on leadership. But somehow, he’s got the right friends in the right places keeping him there. We’re just holding out for a bit more of a price rise before bailing for good. Let’s see how long they can keep up the act. |
What we need to see is the CEO fall on his sword or be pushed and a firm commitment to put the pieces of the company up for sale. |
Yesterday the company bought back 170,795 shares. That's about double the number previously when its share price was at around £1 a share. This programme will continue to support the share price. |
Indeed when one door closes and another door closes the resultant is a door has to open have faith the company knows what it is doing |
The company has options to explore to maximise shareholders' value so that it restores credibility to the management. There is every upside from here. |
Why are tig still issuing FORM 8.5 (EPT/RI)? Is another offer coming? |
Bits of it will probably be on the chopping block to raise cash and address debt and accelerate buyback. The core is strong. |
The share now features on one of those on the top leader board of risers. It will attract more attention and buyers. The company continues to support the share price by buying back shares for days to come. It has only one way to go, and that is UP.
By the way, I have bought into Ocado. Ocado's fall is also way overdone. It has double-digit revenue growth in 2024 although, as before, it has lost money at the bottom line. It usually rises as fast as it falls. It has gone up by 10 p (4.5% this morning) to 236 p, but it has fallen from 330 p recently. I expect it to go up to 300 p soon. |
The fundamentals of the business have not changed over the last few months. Its share price was 80-90 p before the bid approach. The fall is way overdone. I expect it to climb back to 80 p. The company will continue to buy back more shares at "half price" for days to come. |
how much buyback they have to do |
Ridiculous fall for a profitable company. |
There are buyers in the background. I am staying for 75p. |
And now the recovery.. |
Fall must have taken out many stops, only added to the cascade downwards. |
WG last month fell 50% too that too recovered. Lets see what tig does coming days. |
There is a company called Vivideum, which not long ago fell by 51% in a day. I bought at 33 p and it clawed back some losses at the close. For the next three sessions, incredulously it jumped each day and ended up to 82 p. |
The algos are playing here. |
The share buyback programme has not finished. Funnily enough, the company can now buy back double the number of shares for the originally intended price, as it has halved in value. This will support and stabilise the share. This is the best time to buy. |
Didnt help issuing the trading update same time, regardless at these level in the coming days should see some recovery. |
My thinking is that the offer didn't materialise because TIG wouldn't take it to the shareholder base to accept/reject unless it was above "some level".
Not so much the potential buyers saw something they didn't like, more they didn't want to pay the minimum price demanded that would have been more than 125p by a fair few pennies. Both dropped out as they wouldn't stretch beyond their 125p punt. |
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