Tpximpact Share Discussion Threads

[km18] 19/7/2022 17:06

TPXimpact Holdings (TPX) posted prelims for the FY ended 31st March this morning. Revenue from continuing operations was up 58% to £79.7m. Statutory EBITDA was up to £11.5m, the Group posted its maiden statutory profit after tax on continuing operations of £2.5m. Adjusted profit after tax was even better at £8.7m. Basic EPS was 2.1p, a final dividend of 0.6p per share will be paid following an interim dividend of 0.3p. Valuation also looks reasonably attractive after a 40% share price correction since listing last year – forward PE ratio is at 12.9x which is comfortably top quartile for the Software & IT Services sector. PS ratio is now under 2.0x and also increasingly supportive of the investment case. Lack of share price momentum is the main investment cloud for now. But TPX looks an interesting small Tech name to be monitoring at the very least....

...from WealthOracle

[tomps2] 19/7/2022 08:18

TPXimpact Holdings (TPX) full year 2022 overview - July 2022

TPXimpact management, Neal Gandhi, CEO & Oliver Rigby, CFO, give an overview of the full-year results for the period ended 31 March 2022.

Watch the video here: www.piworld.co.uk/company-videos/tpximpact-holdings-tpx-full-year-2022-overview-july-2022/

Or listen to the podcast here: piworld.podbean.com/e/tpximpact-holdings-tpx-full-year-2022-overview-july-2022/

Management are also presenting full results followed by a Q&A in a webinar later today at 12noon.

Join us here: us02web.zoom.us/webinar/register/WN_wiLYzP-qQhGsV-SdipJwNw

[thaiger] 12/7/2022 11:53

Wide spread would put a few investors off!

[tomps2] 11/7/2022 09:32

TPXimpact (TPX) Full Year 2022 results webinar

Neal Gandhi, CEO & Oliver Rigby, CFO will present FY22 results followed by Q&A.

Tuesday, 19 July, 12:00pm

Join us here: us02web.zoom.us/webinar/register/WN_wiLYzP-qQhGsV-SdipJwNw

[cravencottage] 05/7/2022 21:17

Agreed

TPX is way oversold and should gain traction upon forthcoming TS.

DYOR

[wanttowin] 05/7/2022 08:34

I have added a few , hard not to with the share price down here.

Hopefully a trading update coming soon.

[km18] 11/3/2022 17:33

...from last year...

The Panoply Holdings PLc plc issued an upbeat Trading Update for the first five months of trading in H1 22. Order intake was up 177% to £50m on the equivalent period a year earlier, pointing to bumper revenue growth in FY22. The Group raised revenue guidance for organic like-for-like growth in FY22 to 15%-20% (from 10%-15%) and FY 22 revenue should exceed £77m, a number already 10% above current consensus. Management also expect to see EBITDA margin expansion pointing to a very solid first FY net profit number. There is scope for a decent upside earnings beat in FY22. Meanwhile valuation is still reasonably attractive – forward PE ratio of 26 is top third for the Software & IT Services sector and assumes an EPS number that should be comfortable to beat. TPX has growth and a reasonable price, and is a BUY....

...from WealthOracleAM

[netcurtains] 12/2/2022 12:01

I've done a little list of companies that are "sort of" software houses. If you press the PE ratio header its quite interesting to see the order they come out in

[marktime1231] 09/12/2021 13:17

Well that is not a bargain but looks like a fair price for RedCortex at about 3x recent turnover. TPX will have had vision of current revenue run rate and pipeline which gives it assurance of the growth outlook, RedCortex has been doubling up. Paying half of the price in shares with lock-ins. And I suspect there are a few administrative savings and margin gains to be made too. The earnings improvement will be an immediate £1+M pa for which they have paid (will have to pay interest on) £6.355M in cash. Good deal.

[sunshine today] 09/12/2021 10:06

TPX has just paid £13.55M for £800,000 profit and 25 staff. ( plus growth potential ).


TRD a premium listed company on the LSE has exactly the same valuation after its cash on the balance sheet is deducted.

Same markets, same sector, same Microsoft partner.

TRD made £750,000 in the first half.

[tomps2] 06/12/2021 14:32

TPX interim results presentation - December 2021

TXPimpact CEO & Co-Founder Neal Gandhi and CFO, Oliver Rigby present the interim results for the period ended 30th September 2021.

Watch the video here:

Or listen to the podcast here:

[melloteam] 03/12/2021 10:00

Just to let shareholders and prospective investors know that TPX, Belvoir, HeiQ plc, LoopUp plc, Polar Capital Global Financials Trust plc and ThruVision Group plc will be presenting at the Progressive in conjunction with Mello Events webinar on Tuesday 7th December 2021 at 5:30pm.

The programme is as follows:

5.30 pm Welcome
5.35 pm Presentation by TPXimpact
6.05 pm Presentation by ThruVision
6.35 pm Polar Capital Global Financials Trust plc
7.00 pm Presentation by LoopUp
7.30 pm Update from Belvoir with Q&A
7.45 pm Presentation by HeiQ

Tickets are FREE! Click here for more info:

[marktime1231] 01/12/2021 15:06

It's undervalued, based on the growth rate, profitability and market opportunity.

[bones] 01/12/2021 11:03

Seatank, thanks for the comments. I hope it works out well for you.

[sunshine today] 01/12/2021 10:24

Some fair points.

Everything is relative.

TPX as you rightly say, is cheaper than those higher up the institutional chain.

Where we differ is this.

I like to start at the bottom with companies with tiny market caps that can grow super fast.

I have never held a share with a market cap over £200M.

Personal choice I guess.

[seatank8300] 01/12/2021 10:06

A couple points re above. The company was formed through acquisitions and the combined entity is showing strength as a combination via organic growth and improving contract metrics, such as larger contract sizes and higher quantity of large contracts. Contract margins and cash conversion metrics are also key and very good. Intangibles and earn outs are a necessary cost, but management have indicated that going forwards dilution should be more limited. The business is actually motoring and the reorganisation to simplify under one umbrella is the final step to creating a coherent large scale solutions provider.
About the valuation, you are very mistaken. I suggest you look at comparable companies in the market. TPX trades at around 2.5x forward sales, which is half the level I expect it to trade in 2-3 years time. Forward EV/EBITDA is circa 20x, which is at least 50% below where it should be. You need to judge valuation in the context of what institutions are paying for low risk compound growth in comparable companies. The growth trajectory is highly sustainable with very limited risk from inflation and very likely margin stability *or improvement). The reason TPX isn't currently trading on double the valuation is mostly because institutions aren't yet driving the valuation given limited presence. That will change over the coming years as the market cap expands.

[sunshine today] 01/12/2021 09:37

This share has outperformed by a mile, and shareholders have done extremely well.

However no one on earth could say it’s undervalued, relative to the sector or market.

The presentations are super slick, and growth is very apparent.


In the cold light of day they made £300,000.

Surly, the time to take a profit in any stock, is at the point of maximum market cap, when profits don’t justify today’s valuation.

[bones] 01/12/2021 09:34

Seatank8300, the sector is a good one to be in so they have a lot to go for. I just worry about them spending money and loans on acquiring growth. They may well get the balance right, we will see, but the danger is always there with debt fuelled acquisitions.

I hope it works as well as it has done over the last year, share price wise, but at this point in time, it’s not for me. I suppose I could hedge my bets and own both but I prefer to go all in with my preference.

For the record, I’ll put today’s prices and market caps here and have a look at a future date next year maybe!

TPX 280p MCap £237.7M
TRD 115p MCap £18.4M

May the best man win!

[seatank8300] 01/12/2021 09:24

Gentlemen, fair points re adjustments but couldn't disagree more with your conclusion. You'd be foolish to sell this.

[sunshine today] 01/12/2021 09:22

I know what I would do, if any of my stocks ever traded on a PE of 550.!!

[bones] 01/12/2021 09:18

To be fair, shareholders have had a great ride since 2020 and I wish I had been aboard! The director sales probably tell a story about how that might have signalled a top despite the “adjusted̶1; profits improving.

[sunshine today] 01/12/2021 08:49

Good luck here,

£300,000 profit, PE of 550.

That said,

I prefer TRD, rolling PE of 13,and made double the profit over a similar 6 month period.

Market cap here after net cash deduction, over £230M

TRD after net cash deduction £13M.