Tikit Share Discussion Threads

[orange1] 18/12/2006 10:39

The share price is not asleep.

The following announcement was put out by Tikit at the beginning of December:



Tikit has teamed up with Corebridge and will offer converged telephony and IT systems so that law firms can be given a single view of all client contacts and related data to promote efficiency and complete transparency. "This will be one of the most exciting convergent technologies available to the legal sector in 2007" according to Tikit.

[shampers] 27/10/2006 11:17

wakey,wakey ?

[slapdash] 11/9/2006 19:21

Great so this goes to sleep for another six months...


Slapper

[slapdash] 10/9/2006 11:17

well shares haven't moved much.... I would expect a slow rise up... but nothing happened yet... by year end on a forward P/E of about 10.5X with great growth prospects...

COMPANY SHOULD BUY THE SHARES BACK!!!!!!!!!!!!!!!!!!!!

[orange1] 07/9/2006 19:42

Following the results, Charles Stanley have issued a Strong Buy advice predicting EPS of 16.5p for this year (with a divi of 3.75p) and 19.30p for next (with a divi of 4.5p). For a quality company such as this, that's what I call cheap.

[bluesky4] 07/9/2006 13:12

yup nobody seems to give a monkeys.... shares hardly changed price... Slapper

[orange1] 06/9/2006 10:38

The good results and positive outlook have not gone completely unnoticed. A shortage of available stock means every buy today pushes the price up a notch. The prospective PE is still under 12 though so this could run for some time yet.

[slapdash] 06/9/2006 08:52

should be above 215p by the end of the week and possibly 220p...

Slapper

[slapdash] 05/9/2006 15:00

massively undervalued... should rise 15% over the next few weeks if not this week alone...

Hold onto your seats... I reckon it will get a good writeup tomorrow in the press too...

Slap

[orange1] 05/9/2006 08:30

Results out today.

If I were a tabloid headline writer, I would say: "Just the Tikit!"

Very good results indeed.

[slapdash] 31/8/2006 13:25

Results on Tuesday (I presume morning).. should show further progress I would imagine... hopefully will buy more shares back... cash balance will have improved and European sales going well... forward ratio something like 11X but long-term growth should be excellent and I think cash is 10-15% of market cap...

As long as nothing messes up on the acquisition front,,, tradubg statement above positive despite market setback...... so hopefully people will give Ticket another look....

Gone long at 202p.... so will wait to see on Tuesday

Slapper

[orange1] 05/7/2006 07:13

I could sniff it in the air yesterday, and here it is today, the Trading Statement:

"Tikit provides a comprehensive range of IT related services primarily to leading law firms

INTENTION TO INCREASE DIVIDEND YIELD

TRADING IN LINE WITH EXPECTATIONS

OUTLOOK ENCOURAGING


Tikit Group plc, a leading provider of consultancy, services and software
solutions to UK and European law firms and accountancy practices announces an
update on current trading for the six months ended 30 June 2006, before entering
its close period prior to the announcement of its interim results.

Tikit has made good progress in the first half of the year and trading has been
in line with the Directors' expectations during the period. The Company has
delivered good organic growth during the first half of the year and margins have
improved on the back of contracts won at the end of 2005 and the early months of
2006. The order book for implementation services and ongoing support remains
strong and we continue to bid for a large number of contracts with major law
firms and large accounting practices. Grant Thornton recently awarded a contract
to Tikit for the implementation of a customer relationship management IT system
across 1,600 users. We continue to invest for growth in France and Spain
although neither is expected to make a contribution in the first half of the
year. However, a positive contribution is planned from both operations during
the second half of 2006 and beyond.

Given the ongoing strength of the business and our record of excellent cash
generation from operations, the board has decided upon a more progressive
dividend policy and intends to announce increases in the interim and final
dividends for 2006 higher than earnings growth, thereby establishing a higher
base for future payments. In addition, since 1 January 2006, Tikit has acquired
203,535 ordinary shares for cancellation as the board believes this will be
immediately earnings enhancing.

Entering the traditionally stronger second half, the outlook for the Group is
encouraging and the Directors look forward to updating shareholders on progress
when the interim results for the six months to 30 June 2006 are released on
Tuesday, 5 September 2006."

[orange1] 04/7/2006 12:54

Last year Tikit published a trading statement on 7 July. It looks as though the buyers are anticipating another one shortly.

>referencepoint

You may have studied Buffet but it doesn't look like you have studied Tikit at all. Contrary to what you state Tikit is not in any position to set their own prices without fear of competition.
Only 3.3% of Tikit's business relates to the selling of their own software. For the rest, they re-sell other people's software and provide consultancy and services. Doesn't mean it's a bad company, far from it, but it is certainly not the company with a monopoly you portray it to be.

[diogenesj] 03/7/2006 18:27

Spikes and troughs are what we seem to get, R. However, I agree that we just have to grit our teeth and hang on.

I don't think they quite have a monopoly (Computer Software CSW has just bought a privately-owned legal software company, for example), but they certainly do seem to be well-entrenched. On the other hand, the share buy-backs suggest that they don't see great scope for expansion.

[referencepoint] 03/7/2006 17:43

Anyone who has studied the Warren Buffet method of share trading must regard this company as a real winner. A monopoly situation in their own field, They can set their own prices for their products without fear from competition. Don't expect massive price spikes. Instead one to hold very long term. As rock solid a small company as you could ever hope for.

[orange1] 20/6/2006 10:45

The shares are a buy at 172p at 175p and now at 176.5p says the company:

"On 19 June 2006 the Company bought 21,235 ordinary shares at 176.5 pence per
share, representing 0.17 per cent. of the Company's current issued
ordinary share capital. These shares will be cancelled."

[orange1] 16/6/2006 11:24

The share price has had a bit of a rocky ride of late but the company has announced that it has taken the opportunity to buy back some of its own shares for cancellation: 7,500 at 172 pence per share and 5,000 at 175 pence per share.

A sure sign that all is well in Tikit world. With the prospective PE for 2006, 11.29 and 9.72 for 2007 some might say that the shares are rather cheap.

[egoi] 21/4/2006 08:37

Good looking results and outlook. Probably decent value, though I don't hold.

[orange1] 23/3/2006 12:17

So ptp was 50k ahead.
EPS is just a question of maths.

I would say that results were in line and one shouldn't necessarily expect an upgrade for next year. After the Charles Stan forecast were made at the beginning of Feb and nothing much has changed since then.

[diogenesj] 23/3/2006 12:06

Charles Stanley's forecasts were ptp £2.05m, eps 11.50p, dividend 2.40p.

The basic figures in these accounts don't look great at first sight, but after adding back goodwill amortisation (and a small amount charged for share options) you get:

ptp £2.10m (+39%) eps 13.00p (+29%) dividend 2.50p (+25%)

Looks comfortably ahead to me, Orange me old fruit.

[orange1] 23/3/2006 11:58

Comfortably ahead of forecasts? Not the ones I had!

I like this bit from the results: " ... non-legal professional organisations including the Takeover Panel, the European Court of Human Rights ..."

So the European Court is not a legal organisation. So what is it then ?????!

[diogenesj] 23/3/2006 10:20

Outstanding results announced today, comfortably ahead of forecasts, and a very positive outlook statement from the chairman. I think it's safe to assume that forecasts for 2007 and beyond will now be raised.

[chester] 08/3/2006 12:56

Nice bit of blue on a very red day. Hopefully it stays that way.

[chester] 02/3/2006 16:27

I'll settle for +11% for today.