Ten Alps Share Discussion Threads

[hosede] 17/6/2005 11:04

IC say "buy" today - Kiss of death!

[hastings] 15/6/2005 12:10

Typo56>>>>>>>>>> I can get hold of the Panmure notes, but second hand. I was told on Tuesday that it would be out end of the week.....ish, but it appears from what you say that it has already materialized. Not familiar with Dryden?? but guess that further Buy reccomendations can only be positive.

[hastings] 15/6/2005 09:15

Typo56 The Broker report clearly stated EBITDA, and i believe that there is another Buy note coming out from Panmure later this week along with a couple of others. I noted your Independent post, but of course disagree with the conclusion. Not suprised to see a wave of selling and daresay the price will settle down and trade mid forties to mid fifties over the next six months. However, i am holding on the basis that TAL is well placed for continued growth and with little debt and Cash increased is a lot less risky than many stocks i can name.

[berry786] 14/6/2005 08:21

Ten Alps feels undervalued at £19m

Cosima Marriner
Tuesday June 14, 2005
The Guardian

The Bob Geldof-backed production company Ten Alps Communications is pitching for a re-rating by investors after profit rose 400% last year.
Ten Alps reported £628,000 profit before tax for the year to March 31 yesterday, compared with £126,000 the year before. Revenue doubled to £34.75m, and earnings before interest, tax, depreciation and amortisation doubled to £1.46m.

Mr Geldof co-founded Ten Alps, which specialises in factual programmes, in 1999. He is a director and owns 8.25% of the company. He occasionally presents productions.


Article continues

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Alex Cannock, chief executive, played down the "slightly farcical" fivefold increase in profit, preferring to focus on revenue growth. The result included the first full-year contribution from the acquisitions of 3BM TV and Blakeway Productions, adding a combined £1.44m to turnover.
The result was also boosted by Teachers' TV, which was launched this year. Ten Alps owns 70% of the consortium, which produces the digital channel for schoolteachers.

Mr Cannock hopes the strong full-year result will prompt the City to re-rate Ten Alps' shares. Although it generates nearly double the revenues of its rival Shed, the company is worth less.

Mr Cannock said: "We're not worth a third of what Shed is, given we're bigger." Ten Alps has a capitalisation of £19.5m while Shed is valued at £52.5m.

Analysts said Shed, which makes Footballers' Wives, boasted better margins and had marketed itself well to investors but Ten Alps would attract more interest from institutions as its revenue headed towards £50m. Ten Alps' shares rose 2p to 57p yesterday.

Ten Alps is forecasting year-on-year revenue growth of 50% for the next six months through organic growth, rather than acquisitions. It has 35 television programmes in production, including the six-parter Geldof in Africa, which starts next Monday on BBC1, and a docu-drama for Discovery Channel, The Flight that Fought Back, about the 9/11 flight which crashed in Pennsylvania.

[hastings] 13/6/2005 19:56

TYPO>>>>>> The Broker estimates were about spot on. Remember, the £1.57M figure was Earnings before interest,depreciation etc, The figure came out at £1.46M.
Personally bought into this with a long term view and i expect the shares to make steady progress. Looking at the large Buys today clearly some agree.

[shesheny] 13/6/2005 16:40

One to buy and hold solid fundamentals experienced management should go higher in coming months. s30

[hastings] 13/6/2005 16:17

150,000 T trade, mopping up the sells

[hastings] 13/6/2005 16:17

150,000 T trade, mopping up the sells

[luderitz] 13/6/2005 15:11

Doing some research on this one.

Can one of you regulars tell me If the 5% spread Is normal for TAL please?

Thank You.

[hosede] 13/6/2005 09:41

Great growth, but on a PE of 31 based on adjusted earnings they seem fully valued to me - I'm off - maybe back in if they drift back to the upper 40's

[typo56] 13/6/2005 08:30

Can anyone equate today's results with Panmure's forecast of pretax profit of £1.566m and undiluted eps of 3.3p? They seem to be well below this expectation. What am I overlooking?

[tamaybroke] 13/6/2005 08:24

gross margin down, 28.55% to 20.1%!!

[hastings] 13/6/2005 08:00

I especially like the confidence expressed in the future and Growth expectations.

[berry786] 13/6/2005 07:58

Looks like it should be a great Monday!

[char1iegeorge] 12/6/2005 17:26

Tell me why, I don't like Monnndayssss.
-
I hope this Monday, is one of the Mondays, Sir Bob likes.

[hastings] 12/6/2005 16:22

Looking good.

[hastings] 09/6/2005 08:17

Panmure has just released a Buy note with expectations for EPS of 3.3p this year, but importantly slightly ahead of other Brokers for 2006 with EPS of 5.26p
which puts the shares on a fwd PER of 10. Very cheap given growth potential for the next few years.

[berry786] 09/6/2005 08:10

small article in Shares Mag today with regards to recent rise saying many investors are expecting good results on Monday.

[tamaybroke] 08/6/2005 20:23

char,whats your reasoning for 80p ???

[char1iegeorge] 07/6/2005 19:08

Agree berry786, the resistance has been broken. I see this share short term 80p but what do people think for the longer term ie 18 - 24 months?