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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Titon Holdings Plc | TON | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 75.00 | 08:00:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 75.00 | 75.00 | 75.00 | 75.00 | 75.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
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Posted at 10/4/2024 08:10 by markatkinson In this latest episode of the ‘Desert Island Investor’ my very dear friend and fellow pod-castaway Paul Kerin and I discuss Titon Holdings ( TON ) and my attendance at their recent AGM -Watch on You Tube - Listen via Progressive Equity Research - hxxps://progressive- |
Posted at 07/6/2023 09:34 by argylerich Thanks for posting Claire, and I am in total agreement that facts are far better to have than news vacuums, which is exactly the point I’ve been raising.There has been an utter void of news around this recent succession of negative news events and those vacuums are the responsibility of management, and as your post highlights so strongly, the 'family' which are intrinsically interwoven. Like it or not, when a company goes 'public' for funds, there are obvious consequences of increased scrutiny from that wider set of investors. Questions that those investors are entitled to have answered fully and honestly. The facts in the current circumstances do remain highly important: let’s look at them: 1) Fact. The company currently sits at 40% of the value it was 5 years ago. And yet it is now, at these apparently bargain share price levels, that sees members of ‘the family’ divesting their holdings with no other ‘connectedR 2) Fact. Tyson Anderson as Deputy Chair no longer has any direct vested interest in the Company. 3) Fact. Your sister, Amanda Farrar, continues to divest her holdings in Titon and is likely causing a ‘stock overhang’ situation even at these ‘low’ share prices. We won’t know if and when she’s finished as she is no longer above the 3% notifiable threshold. The initial drip feed of shares was nothing less than shambolic for someone, as you highlight, that is so closely connected to the company. 4) Regarding: “this should refute any accusations of “the only remaining major female shareholder selling all her shares”. You seem to have entirely missed the point. The point was the departure of Alexandra French in such an acrimonious way, (the second such questionable departure of the CEO from Titon in only just over a YEAR!) was going to create a news vacuum and speculation. There have now been three CEO departures in succession at Titon, a number that even Lady Bracknell would struggle to find a negative comment of suitable gravitas for. 5) Fact. This period of shambolic relations between CEOs and the ‘family’ management is the responsibility of the ‘family’ management alone and should never have been allowed to happen in the first place. Good management is about smoothing the operations, not breaking them. |
Posted at 06/8/2022 07:39 by cfro You cant read too much into director share purchases no, i agree, but combine Ms French's buy and Mr Hooper's and you have over £38k of shares bought which is not to be sniffed at.The main thing is at least they are willing to put their own money in. With the Chairman's large stake plus the Anderson family's holding along with the new shareholder Rockwood ordinary investors here would now hope that all the important stakeholders are pulling in the same direction. |
Posted at 21/12/2021 12:13 by km18 Company Overview:Titon Holdings is a leading global manufacturer and supplier of ventilation systems, windows, and door hardware with reputation for quality products and high levels of customer services. As a result, the firm has consolidated in the UK residential ventilation market, which in turn enabled the firm to enhance its revenue to £23.4m from £20.7m in 2020. Consequently, it implies that Titon returned to its normal trading operations, since profit rallied to £1,119m from (£39m) loss in 2020. Given the surge in profitability, the firm is expected to make dividend payments of 3p per share, higher than its previous dividend payment of 1.5p per share in 2020. Subsequently, the firm maintained a strong balance sheet with net cash of £4.79 million on 30 September 2021 whilst the Group's inventory and trade receivables increased as trading normalised. Despite the plausible financials prospects, Triton Holdings is still undervalued with respect to its peers, since the firm’s P/E ratio is 11.3x, lower than building products industry benchmark of 14.7x, hence investors can purchase the stock cheaply. Keep up to date with WealthOracle AM |
Posted at 15/1/2021 17:11 by iroll The asset backing is well highlighted by ArgyleRich and wad collector.I am pleased to see on the list of major shareholders the name David Jeremiah Barry who has been a prominent investor in undervalued companies. He has on occasions taken an active role to realise value. |
Posted at 08/1/2021 16:06 by argylerich Full year results 14th Jan |
Posted at 01/10/2020 11:31 by dangersimpson2 Think Graham proposed two different methodologies over time:a. Cash + 0.5 x Inventories + 0.75 x Recievables - All Liabilities b) 0.66 x (Cash + Inventories + Recievables - All Liabilities) He suggested that an investor who bought a basket of securities below these levels would do very well over time. For TON these levels are a) 43p per share b) 49p per share. |
Posted at 18/2/2020 07:46 by pugugly Was not expecting this:far worse than I suspect most investors and management had projected. Only relief is the cash holding but given that "we anticipate that underlying profit before tax for the year ending 30 September 2019 will be materially below management's expectations" Cash burn some £500K (e&oe)since finals. With Korea in trouble as well eps could be well down - Thoughts as to whether dividend at risk but was very well covered last year. |
Posted at 19/2/2019 12:56 by spob Analyst Tony Williams at equity research firm Hardman & Co estimates that Titon’s underlying operating profit will decline by a third to £1.4m in 2019. However, the hit to post tax profit is far less severe. Let me explain.That’s because Titon’s share of operating profit from 49 per cent South Korean associate company BrownTech Sales, a distributor of ventilation products and a residential property developer in Seoul, should hold steady at around £800,000. Titon will also pay less corporation tax (£43,000 less than in 2018) and minority share of net profit attributable to Titon Korea’s other shareholders will decline by £385,000. On this basis, Mr Williams estimates that net income attributable to Titon’s own shareholders is expected to be £1.78m, albeit that is 16 per cent lower than in 2018. Based on 11.1m shares in issue, Titon should still make EPS of 16p (19.2p in 2018) which covers the annual dividend of 4.75p a share more than 3.3 times. I would also flag up that Titon has a rock solid balance sheet and a strong net funds position of £3.4m, a sum worth 31p a share. This means that the shares are priced on a cash-adjusted forward PE ratio of 6, and offer a dividend yield 3.6 per cent. They also trade 21 per cent below book value. |
Posted at 29/5/2018 16:41 by davidosh Just to mention that Titon will be presenting at our MelloSouth event in Hever,Kent on 14th June and all shareholders and potential investors are welcome to attend TON have never presented at our Mello events before and we are very pleased to welcome them so this is an ideal opportunity to meet the management and hear about their strategy. Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions. |
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