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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tellings Gldn | TGM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 42.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.50 | 42.50 |
| Top Posts |
|---|
Posted at 15/8/2006 21:19 by sofa spud Have investors forgotten this company? |
Posted at 25/4/2004 11:40 by invisage Hey Guys,Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline - A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month. Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year. Heres a few reasons why its a good time to buy now... * Results in 7 weeks (16th June) * ISA Stock * The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover * Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6 * Offers a healthy 4.7% dividend yield * Market Cap. 45.70 m * Shares In Issue 34.49 m * 3.7% spread * Directors and Institutions hold 61% of the shares, very few in public hands. * Loads of cash in Bank * Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month. * 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds * Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range... When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow. Cheers Invisage |
Posted at 28/10/2003 11:04 by mad mike It was the Times, see the article below:-October 25, 2003 Stock Markets Smaller capitalistation shares - TGM, National Express, Xansa, BTG, Acambis By NICK HASELL TELLINGS Golden Miller (TGM), the London bus and coach operator, settled at its best level since its August flotation amid speculation of possible bid interest from National Express. TGM, which made its AIM debut at 70p, has made no secret of its own acquisitive intent, having already expanded its London route network since flotation through the purchase of a Dartford coach operator. It now runs 17 routes in London and 20 for Surrey County Council, and is expected to tender aggressively for the 140-odd which come up for grabs in the capital every year. However, it was TGM's role as a potential target rather than bidder that caught the imagination of investors yesterday, with National Express cited as a likely acquirer. They point out that the FTSE 250 bus operator is conspicuous among the "big five" for not having a presence in London. However, National Express said last month that it would re-enter the capital after being encouraged by Transport for London to bid for routes to raise competition. In that context, a move on TGM, up 9½p at 139½p, would give it instant critical mass against the rival Go-Ahead. But the fact that 72 per of TGM is held by directors means only an agreed bid would succeed. National Express fell 5¼p at 629¾p, with the FTSE 250 up 3.4 points at 5,634.1. |
Posted at 17/10/2003 14:51 by m.t.glass You implying somebody leaked an IC tip? ;-oFound this from today's IC on another BB: 105p - Aim - London and Home Counties bus operator Tellings Golden Miller runs 17 bus routes for Transport for London (TfL), and 20 routes in Surrey for Surrey County Council. And its most recent set of results for the six-months to June 2003 - before it floated on Aim in August - show the company trading well, with margins on the bus routes higher than analysts had expected, at 13 per cent. There's scope for further margin improvement there, too. Research house Hardman & Co thinks that it is possible to run London buses at a margin of 20 per cent, and says that Tellings Golden Miller is by far the most efficient bus operator. With mayor Ken Livingstone pressing ahead with major improvements to London's bus services, there should be plenty of room for growth through the addition of new routes and contracts. Tellings' contract to run route 235 in London was recently renewed for five years - and it now runs 19 buses on the route, as opposed to the previous 12. The increase equates to an additional £1.5m in sales. Further growth is likely with the integration of new acquisition Crystals, which will be renamed Tellings Golden Miller Dartford. New operations are also planned in north-west London through the company's Linkline subsidiary. Even though profit forecasts for Tellings don't take into account the potential growth from new routes and contracts, analysts still predict that profits will increase to over £3m in 2004. Earnings growth will be less marked as Tellings starts to pay tax but, at a forecast 9.6p a share, the price-earnings (PE) ratio of 11 times remains undemanding. Of course, the growth expected from the implementation of Mr Livingstone's plans may not materialise. In particular, if London's congestion charge fails to deliver the anticipated cash, then funding for improvements to London's bus services may come under threat. That is some time away though, and Tellings does not rely on London alone. It also operates buses in Surrey, where one new route - run with the help of a subsidy from Surrey County Council - runs across part of the county to Heathrow. So far, takings from the route have exceeded expectations by £2,500 a week. Tellings also generates a profit margin of 8 per cent on a coach business that accounts for just over one-fifth of the £26.4m sales forecast for 2003. Hardman & Co reckons there is scope for these margins to improve to 9 per cent over the next year. That said, a drop in tourist numbers in the UK this year means that the business has struggled just to keep margins steady. However, there has been strong growth on routes that don't depend on tourism, including one between Portsmouth and Perranporth in Cornwall. Seasonally, the second half of the year is weaker than the first, so investors may have to look at next year's first-half results to get a real sense of where Tellings is going. But the momentum shown in sales is clear enough and, with £1.7m in the bank, further acquisitions are likely. Discussions with possible targets are already under way. Interest costs are covered more than six times by operating profits, so there is also room for more borrowing should the company set its sights on a larger deal. However, because the shares are so new to the market, the current net debt level is a company estimate, and an audited balance sheet, since listing, is not yet available. A modest dividend is also planned at the end of the current year, but Tellings shares are far from becoming a yield stock. Their attraction is the undemanding PE ratio of 11, which doesn't reflect the potential for picking up new routes and contracts under the mayor of London's bus-friendly regime. Buy. BULL POINTS - Profitable and cash-generative - Growing market in London - Improving profit margins - New routes performing well BEAR POINTS - Plans for London's transport system may not materialise - Sluggish demand in coach division PS: Glen - any chance of pasting company website link into your opening post? Always useful. |
Posted at 19/8/2003 10:55 by m.t.glass Bought 2500 this morning..website (no investor-related page yet though) Market seems happy enough with the company's latest acquisition. |
Posted at 03/8/2003 18:16 by glennborthwick FORMER coach driver who set up his business with £500 he had saved for his wedding is about to become a multi-millionaire. He is to float his company on the stock market. Tellings Golden Miller, founded by Stephen Telling in 1972, will join the junior Alternative Investment Market this month with a value of up to £20 million. Telling, his wife Christine and fellow investor Julian Peddle, are selling shares worth about £2.5 million in the flotation. Other stories: New Sainsbury blow over 'sell-off' Sunday newspaper share tips Market report: Friday close Wall Street: Friday mid-session A-Z of the sunday newspapers BA ready to axe more jobs Canada backs UK pension exiles £3.5bn price as Orange goes private League fights illegal screenings Dividend cuts: protecting your returns Starting with a single vehicle 31 years ago, the company now has 170 buses and 50 coaches. It operates from four depots with a head office in Twickenham, south-west London. Telling, 54, struck out on his own after working for a coach company as a driver. He says: 'I decided I would rather work long hours for myself and used the £500 my wife and I had saved for our wedding to buy our first vehicle.' The company's name comes from its 1984 takeover of Golden Miller Coaches, which traces its title to the Thirties. Its owner at that time was short of cash and he staked his remaining money on the legendary steeplechaser Golden Miller, which in 1934 became the only horse to win the Grand National and the Gold Cup in the same year. The winning bet helped him keep the business going and he then renamed the company in the horse's honour. Its logo of Golden Miller looking through a horseshoe remains to this day. After selling shares in the float, Telling and his wife are still expected to control more than 50% of the business, which employs 520. The company has three potential purchases lined up, thought to be small London bus routes. |
Posted at 03/8/2003 08:57 by glennborthwick Just seen this highly promoted on bloomberg and did seem worth analysis. Its a bus company benefiting from the congestion charge. TELLINGS GOLDEN MILLER GROUP PLC('Tellings Golden Miller', 'the Company', or 'the Group') Placing of 5,843,184 Ordinary Shares at 70p per share and flotation on the Alternative Investment Market ('AIM') Tellings Golden Miller is a London-based bus and coach operator, providing local bus services in South West London and Surrey and luxury coach hire in Great Britain and Europe. The Group currently operates 13 bus routes for Transport for London ('TfL') in South West London and 20 routes in Surrey for Surrey County Council ('SCC'). The Placing will raise £2.0m of additional capital (before expenses) for the Group, which will be used to fund acquisitions of businesses and new depots Current shareholders are selling 2,986,041 shares at the Placing Price and a total of 2,857,143 new Ordinary Shares are being sold on behalf of the Company. On listing, the market capitalisation of Tellings Golden Miller will be £15.3m Dealings in the Group's shares on AIM begin today (1 August, 2003) In the year ended 31 December 2002, the Group achieved an operating profit of £2.12m (2001: £1.06m) on turnover of £21.31m (2001: £15.79m) City Financial Associates is the Group's Nominated Adviser and broker to the Placing. Oriel Securities has been appointed broker to the Company Stephen Telling, Chairman & Chief Executive, comments: 'I am delighted by the enthusiastic response of investors to our flotation. Having established a steady track record of profitable growth over recent years, we now have the resources to accelerate the pace of our expansion through the many acquisition opportunities that are open to us.' Ill add more to thread as I find it |
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