Tikit Share Discussion Threads

[chester] 02/3/2006 15:21

Its certainly been a good day so far.....

[chester] 02/3/2006 09:39

Thank You, Kind Sir.

[diogenesj] 02/3/2006 09:24

Excellent timing as ever, Chester. I have to admit it wasn't much fun holding on during the drop, but I always felt it was not justified. Sometimes - but not often - one should just ignore the chart, and I hope this was one of those rare occasions.

[chester] 02/3/2006 08:12

'Ticking' along nicely...

[tole] 23/2/2006 12:25

Yep gotta admit wish i'd never sold now :(

[chester] 22/2/2006 11:37

Bought a few today....

[bearscarer] 02/2/2006 18:17

Better day than I dared hope for; no profit taking the day after a big gain and a falling market.could be another push north tomorrow.

[bearscarer] 01/2/2006 17:05

Interesting to see whether tomorrow brings a retreat; I hope not, its about time this went North.

[diogenesj] 01/2/2006 11:23

I'm in the dark, B. But it does look cheap at this price, unless there is bad news they have somehow forgotten to share with us.

[bearscarer] 01/2/2006 10:09

nice little up yoday. any ideas?

[diogenesj] 23/1/2006 11:46

Hmm, looking a bit unhealthy at the moment. Director sales have not been a good guide in the past - I seem to remember being spooked when they sold at low prices last year, but it didn't stop the shares going up.

[egoi] 23/1/2006 11:40

I do think this is a solid business with a decent future, but this is what SOS said:
'Directors at software group Tikit have been trading following a positive update from the company.

David Lumsden, managing director, has sold more than half of his holding. He disposed of 200,000 shares at 180p per share.

Finance director Anthony Pearson also sold 10,000 shares at the same price, but chairman Mike McGoun was a buyer, investing £27,000 on 15,000 shares.'

Infact there was no rec, but I wonder how much growth there is left in the business when the managing director sells so many at once. Will continue to monitor with interest and a you say money, at least there was a buy too.

[one for the money] 23/1/2006 11:15

Though if it was a 'problem in the company' why did a director buy shares?

This was tipped as a sell by a 'tips' sheet at the end of last week because of their rigid 'sell at stop loss' policy. This may explain the sells this morning. They did say they were more positive about the share longer term, though.

Cheers
john

[tole] 23/1/2006 10:17

Agree - didnt like it myself and closed out on the news.

[egoi] 23/1/2006 10:00

Market seems to be picking up on this as a negative. I think it was Scotland on Sunday that advised readers to follow mr Lumsden's lead.

The Company has been informed that the directors undertook the following
transactions, in the ordinary shares of the Company, on 16 January 2006 as
detailed in the table below. All the transactions were undertaken at a price of
180 pence per ordinary share.


Director Purchase/ Sale Number of Shares Holding of ordinary % of issued share
shares post transaction capital

Michael McGoun Purchase 15,000 1,040,890 8.19%
David Lumsden Sale 200,000 181,158 1.42%
Anthony Pearson Sale 10,000 62,757 0.49%

[tole] 12/1/2006 08:40

Well done DJ - looks like it is on teh turn - wish I dipped in with a few more when it was in the 170s now - hindsight and all that :o

[diogenesj] 10/1/2006 11:31

Managed to keep my nerve and still holding for once, Tole.

[tole] 10/1/2006 08:43

So anyone back in?

LONDON (AFX) - Tikit Group PLC said its 2005 trading performance is expected
to be in line with market expectations and will show significant improvement
over the prior year.
The company, which provides IT services to major UK and European law firms,
said recent acquisitions such as NIS, ResSoft and Shamrock have all performed
well and contributed positively to the group's results.
As a result of new contract wins at the end of 2005, Tikit said it enters
2006 with a healthy backlog of implementation and support business.
Tikit said that the order book for implementation services and ongoing
support remains strong and the company continues to bid for a large number of
contracts with major law firms and accountancy practices.
Operations in France and Spain have also performed in line with expectations
and, despite a difficult period in the middle of the year, have made good
progress during 2005.
Looking ahead, Tikit said that the outlook for the group is encouraging.

[egoi] 07/12/2005 21:46

Thanks Diogenes, i will be patient and watch closely. I agree with all you say, doing well as a company, but sell first and ask later is often a good strategy!

[diogenesj] 06/12/2005 21:14

Well, it has been doing well, E. The first half results looked disappointing, but they promised a stronger second half, and shortly afterwards the house broker Charles Stanley put out quite a bullish forecast: 11.2p eps, up +21.9%, for 2005 and 14.9p eps, up 33%, for 2006. At the current price (176p) that puts the shares on a forward PE for 2006 of 11.81x, which is cheap for a company growing at this rate.

The story of the imaginary takeover seems to have been perfectly well explained as a mistake by Capita, so I don't think that has anything to do with the share price weakness. I wish I knew what was causing it. I am still holding, but I am nervous. Normally when I see a share fall so badly out of its trend I sell first and ask questions afterwards. If you haven't bought yet, I think I would suggest waiting until it stablises before doing so.

[egoi] 06/12/2005 20:44

Hi Diogenes encouraging to see you posting here, you're never far away when there's a half decent story to be told, are you holding and what do you think?

[diogenesj] 06/12/2005 17:49

A lot of small Aim companies (especially software companies) seem to be drifting down for no apparent reason. There was quite a big drop today, so I think it is fair to assume that the larger sells really were sells. The rest could be stoploss selling by small investors - or perhaps a tipsheet sell tip. The shares certainly look cheap - but it's worrying when they keep getting cheaper.

[tole] 06/12/2005 16:52

Well could be seen as an opportunity today - plenty of sellers though, however looking at the trades a couple lates reported could well be delayed buys from earlier (4 times 2.5ks and the 10k) So anyone dip in today then??

Still agree with the uncertainty surrounding the letter, but as stated in one article the Takeover Panel did not want any further info relaesed, so maybe teh cause why there wasnt any further comments....

'LETTER ERROR' HAS TIKIT IN THE TAKEOVER FRAME: Tikit, an AIM-listed software provider to law firms, is rushing to quell excitement among shareholders that it is on the receiving end of a takeover offer. Managing director David Lumsden blamed share registrar Capita for dispatching in error a letter to his shareholders that should have gone to investors in another company, "purporting to be a proposed takeover".

MY ATTENTION is directed towards the curious tale of Tikit, a blameless consultant many of whose shareholders received a letter from another quoted company saying the latter was preparing a takeover bid. These frauds are usually share price ramps, investors desperately trying to push up the price. Not this time; the letter was genuine but should have gone to a different quoted company. "It was just someone pushing the wrong button when they sent the printers the address list," says a Tikit man.

Hmm. Sounds doubtful to me. Whatever, the Takeover Panel intervened and insisted that neither the name of the sender nor its intended target should be published.

[egoi] 06/12/2005 09:25

I like the look of this company a great deal, nice niche and growing business.

But this letter was not adequately explained to shareholders, which should have been easy, what is it all about, I am not getting in while there is this strange lack of clarity. Also I like to keep an eye on the chart and mas seem to be breaking down.

[one for the money] 06/12/2005 09:22

We seem to be going south recently - not quite sure why

Cheers
john