Tharisa Share Discussion Threads

[paleje] 05/10/2016 08:52

Todays Telegraph:-

Tharisa

Normally the correct thing to do when you find a stock whose p/e ratio is barely higher than the dividend yield is to run away as fast as you can, because this is the market's way of telling you that the earnings and dividend forecasts are just pie in the sky and likely to suffer deep downgrades very soon.

Tharisa, the recently listed metals miner, might just be an exception to this rule, looking at forecasts for 2017, although it's still a risky stock and not for widows and orphans.

Its open-pit operations in South Africa are already profitable, costs are low and cashflow strong enough to fund a maiden dividend in 2016 as the firm ships to Chinese customers. Profits are tied to commodity prices and they are inherently volatile, but the low valuation at least builds in some margin of safety.

Questor says: speculative buy

[paleje] 04/10/2016 14:42

Welcome Saucepan, still just under PE:5 for current year to Sept 2017. I wish I'd come across them sooner, not sure of fair value but all being well surely higher than this, not long to the update.

[saucepan] 04/10/2016 08:59

Hi folks. I joined you here yesterday. Nice to see price breaking 100p today.

[paleje] 30/9/2016 14:30

Cheers dell1234. If the rises in ore prices continued from the last quarter it could make pleasant reading.

[dell1234] 30/9/2016 14:05

From Twitter:

"Daniel Coatsworth ‏@SharesMagDan

Tharisa enjoying another good day, up further 11.5%. Now up 24% since my article. I'm told production update due to be published 10 October. "

[paleje] 30/9/2016 12:15

Ah! Thanks dell1234, I don't subscribe but explains the recent activity.

Assume you're a subscriber, was it a good article? Did they happen to mention if they expect a Quarterly report early Oct?

[dell1234] 30/9/2016 11:46

Tharisa in Shares mag yesterday:

[paleje] 30/9/2016 10:49

Anybody know if these will give a quarterly update early Oct?

They've risen strongly since June, Peel Hunt have an eps estimate for YE Sept 2017 of 21.3p which would make them very cheap on a PE less than 5 with no debt. They suggest a maiden divi too.

So why's the board empty.

[surferb] 30/6/2000 08:53

Two good days in a row for these? What is the marlket coming to. If this level of increase continues for a week, profits may actually return or is that a little optomistic?

[capitalist] 15/6/2000 17:23

Do we really have to wait until September for these guys to be
re-rated?
Yours Himbly as ever.
Tee hee (posted on the other side as well).
C

[belsizepark] 25/5/2000 23:02

I am not a holder of Talisman or Durlacher but by and large they seem to have a similar model - a UK stockbroking company with some pre ipo investments that if they get the chance to underwrite may (or maynot) become goldmines. I have no intention of buying talisman at this level because if you look at the market cap and compare it the balance sheet it looks lunacy out of whack. Therefore there must be some other justification for the price. Their investment portfolio or something. if thats the case we should make a comparison to Durlacher which in my opinion would be a better buy (I do not own durlacher either). For thise looking at graphs the fall in THS from £1.35 or so to 35p or so is nowhere near as steep as the fall in Durlacher from about £4.25 or so stock split adjusted to 60p or so. Durlacher is my mind the better bet but I have no intention of buying Durlacher yet anyway.

By the way Nigel Wray of Burford, Knutsford etc fame is a major share holder in THS and in my mind there is something about these Nigel Wray, Luke Johnson etc internet type of investments that seem to me to get overhyped overvalued and if you idnt get in at the same time as those types you got your eyes ripped out as the shares collapse.

Regards

Belsizepark

[leosurfer] 25/5/2000 13:04

Thanks Ingrid, nearly everyone advises buying on these BB's, very few cautionary posts, even less saying sell sell sell. I bought in at 40p and will be holding out for 6 months or so.

[ingrid] 25/5/2000 11:50

I have held this stock for a number of months, please see chart before buying, downward trend for a number of months, city unhappy about the price paid for Farlake, deal had to be reworked due to fall in THS price, advise not to buy untill a clear upturn trend seen on chart, ingrid

[lambert wiseman] 25/5/2000 11:13

Growth Stocks Investor (GSI), May / June, 2000.

Talisman House Plc. (THS).

Talisman House plc is a financial services group, providing both stockbroking and corporate finance expertise, which serves small to medium sized companies. The Group operates in the United Kingdom. Market Capitalisation is currently at £84.87 million.

Just like many other popular stocks, Talisman House share price has come down from its high of almost £1.40 since the market correction begun.

The share price has now reached it support level and fluctuates between 30p to 40p. This makes THS very attractive again. It should be noted that the dilution of share price by the issuance of new shares was for the acquisitions and expansion. The acquisition of Codiocology gives Talisman the technology which is very well valued by the market. The acquisition of Farlake, the fund manger, is a right move to diversification. This protects Talisman from being too exposed or dependent on the stockbroking sector.

Earning Per Share should be around 4p for whole year so by P/E calculations this should give a +£1 price.

Even at this current very cautious investment climate, THS finds support anywhere between 30p and 50p. The market will stabilise and then head for an upturn again. THS should climb to its peak again at around £140p. The Final Year results are due in September should be very well received. That's less than four months away. THS should also enjoy the windfall from the London Stock Exchange. THS has three stockbroking arms, which are members of the LSE. We can see a handsome return at double or even triple the current price level. Keith Harris, formerly of HSBC, has declared and is determined to build Talisman as a financial powerhouse within the financial sub-sector that it is pursuing.

THS is one of the most promising growth stocks with very little down side at the current market price. Investors should adopt a Contrarian investment strategy and invest some and put away for at least the next six months. The current price level is already within its support level, thus investors need not be worried with the daily fluctuations. In six months, the current correction should be just a blip in market.

BUY / ACCUMULATE.

[jonc] 27/4/2000 09:05

Capitalist,

Stop being so himble. It doesn't suit you sir.

Regards

Jon C

[capitalist] 27/4/2000 08:55

happy housewife,

Go on then, give them a ring, and see what happens.
Mind you, I think the men in white coats might come and get you instead.

In my himble opinion, these shares will get revalued, it is only a matter of time.
C

[happy housewife] 27/4/2000 08:35

These are definately one of my long term holdings, Errr..... like everything else at the moment actually. I cannot believe that their great results and past consistent track record hasnt been recognised and reflected again in its share price I was wondering whether to dial 999 & tell them I think everyone else out there must be either dead or certifiable.

[capitalist] 24/4/2000 19:02

God I love Bank Holidays, I feel soooo relaxed.

I have spent the day poddling through the threads on all my favourite BB's, reading the papers, tip sheets, even the Investors Chronicle.

I have even had time to catch up on the company reports which have been stacking up.

Reading the Talisman accounts is a good read, and one I would recommend.

Turnover up, Profits up, Cash up, nice big increases, due a re-rating in my humble opinion.

Only fly in the ointment is value of Farlake offer, but given the growth in ptofits I reckon the PE is still in the 20's which for a stock growing this fast, is definately good value.

Think I might top up tomorrow.

To all my fellow BBer's, happy easter, and I hope you guys are nicely chilled out.
C

[justin dubai] 14/4/2000 10:23

What? no views on talisman House over here on ADVFN? what's up folks?

[maxwar] 09/3/2000 00:30

Thanks Jonc, the sum of the people involved at the top should give them the experience, presence and exposure to move quickly into the big time - the proposed new executive chairman Keith Harris, ex CEO of the Investment Banking division of HSBC does not join the Board or take up his appointment until 6th April! He does however own 9.9% of the equity.
They have a portfolio of acquisitions of businesses already trading in a broad cross-section of city financial activities and I can only believe that their recent investment in a financial software house will consolidate the framework to allow them to grow quickly.

They have already declared a profit of £554,469 after their first full year.

No ramp intended - do your own etc.etc.

M

[achilles] 08/3/2000 11:55

Thank you Jonc: good posting. I was wondering why THS had gone woof.

[jonc] 08/3/2000 11:46

I like the look of the Chairmans statement.

Price ticking up also.


RNS Number:8974GTalisman House PLC8 March 2000
Talisman House Plc
The following statement was made at the Talisman House Plc
Annual General Meeting today.
'Talisman House have completed the acquisition of a 50% stake
in Codicology Limited.
Codicology was formed by Simon Bell, formerly the head of
Merrill Lynch's London Base Equity Trading I.T Division,
toether with three of his ex former colleagues.
The Codicology team wrote the software for Merrill's global
securities trading books, and their equity new issue deal
manager platform and haveworked extensively on the technology
issues surrounding International online share dealing. Their
ability to write robust securities dealing software was
demonstrated by it's ability to hanle one of the worlds
largest international flotations, that of Italy's electricity
generating giant ENEL, valued at more than US$16 billion.
As part of the acquisition funding agreement Talisman House
will shortly take delivery of it's own in-house online
integrated IPO and dealing operation which will then be
operational. We intend to establish a platform which will be
ble to handle online dealing for third party financial
services suppliers who will not wish to run their own system.
Further, Codicology intends to take a significant share in the
estimatedEuro 250 million plus market for online dealing
software. Codicology represents a major part of Talisman
House's internet strategy. We are also currently holding
discussions with sevral major financial data providers,
financial internet portals, and other online dealing
organisations with the objective of rapidly building up our
presence in this most important market.Trading conditions
The current buoyant market conditions are clearly very
beneficial for the Group's business. We hope that the first
half-year results when they are published wilreflect this
and we intend to issue a more detailed statement regarding
current trading at the half-year mark'.
All of the resolutions proposed at the Annual General Meetingwere passed.END

[crypto] 01/3/2000 19:21

Market not very enthusiastic about Farlake purchase. Seems an odd move.