Titon Share Discussion Threads

[shanklin] 31/1/2014 08:18

Pretty much unbuyable this morning; shame I sold. Although I read the UK part of the business fine, things in SK are going exceptionally well.

[wad collector] 31/1/2014 08:17

You were right on both counts Mr T.
Korea is what this company is all about now. I wonder at what point they close the UK business and become Korean?

[someuwin] 31/1/2014 07:22

31 January 2014

Titon Holdings Plc

Interim Management Statement

Titon Holdings Plc ("Titon" or the "Group"), the UK ventilation systems and window and door hardware manufacturer, today publishes its Interim Management Statement for the period 1 October 2013 to date as required by the UK Listing Authority's Disclosure and Transparency Rules.

Total Group revenues for the quarter to 31 December 2013 were 17% higher than for the corresponding period last year, with sales in the UK very similar to last year and sales in the rest of the world up by 56%. This has resulted in a significant increase in unaudited Group net profit before tax which for the quarter to 31 December 2013 was GBP329,000 against a loss of GBP79,000 for the quarter to 31 December 2012.

In the UK we are seeing better trading conditions in the window fabrication market but conditions within our ventilation systems division are challenging and margins remain under pressure through greater levels of competition. Overall, we are still not anticipating a major change in our UK markets in 2014.

Outside the UK, sales have risen strongly at our South Korean subsidiary where the housing market has continued to be strong and sales into the private housing sector have increased. The contribution from our associate company, Browntech Sales Ltd has also improved significantly in the period against last year. We expect the positive results from Korea to continue for the rest of the financial year.

Net Cash balances at 31 December 2013 were GBP1.91 million compared to GBP2.12 million at 30 September 2013.

[mr. t] 30/1/2014 22:18

Titon issued a trading update this Friday last year.

I wonder if it will be the same in 2014? I think the share price will spring up nicely tomorrow if there is a rns.

[wad collector] 23/1/2014 21:47

The company shareholder website has not updated the interim management statement date . Sometime in the next fortnight?
I noticed when I looked back at the prelim results last month this bit;

"We are very close to unveiling our new website for internet sales, TitonDirect, which will allow us to sell
initially over 300 products from our range to customers online. We anticipate increasing this offering
early next year. We have seen that a vast range of items are now being sold online and there is no
reason why our products should not also be offered in this way and we will increase our marketing
effort in this direction."

Good to see a forward looking strategy.
Stonking day on the prices front , and a narrowing of the spread to 3%. Shame that I bought part of my holding at £1 ! Fortunately the rest at 30p.

[mr. t] 23/1/2014 14:08

Very nice, and still lots of room to rise further

[patviera] 23/1/2014 13:39

I see someuwin still spending his whole day voting down posters...saddo

Agree rainmaker..100p easily

I will be out at 100p and leave some on table for next guy as this is a cyclical business...got 50/- here so hopefully liquid enough to sell

[wad collector] 23/1/2014 11:42

Went xd 1p yesterday (Hence the halfpenny drop yesterday). Don't spend it all at once.
It is not creeping now ; it is running.

[someuwin] 23/1/2014 11:41

Good to see it up again.

[shanklin] 23/1/2014 09:43

Yes, well done to those of you who, unlike me, didn't sell after the results in Dec-13.

[ohsod1t] 23/1/2014 09:37

I think the creeping up bit puts them off. I think we may be due a divi soon.

[wad collector] 23/1/2014 09:22

Creeping up nicely though spread 5p still , rather puts off traders.

[ohsod1t] 23/1/2014 08:24

Very difficult to buy now, especially after the 50,000 buy yesterday at 65p. Had a few more this morning. Steady as she goes.

[mr. t] 21/1/2014 22:49

I hope you're right Drewz, I would like to buy more at that level given the recent economic news.

If on the other hand the share price rises to 70p+, which I think it will, that's ok too as I hold a fair few.

[drewz] 21/1/2014 15:28

Buy on the rumour/sell on the news. Seldom fails.

Expect to be able to buy in low 50's next week.

[rainmaker] 21/1/2014 13:12

I can't wait, Someuwin.........there's obviously fantastic growth in South Korea with sales up a staggering 91.7% year on year to levels that dramatically and positively impact on the whole business but I also expect a big improvement in the UK business with rapidly improving new social housing build registrations and measures in the Chancellor's Autumn statement aimed at stimulating local authority building activity.There's been a steady stream of buying in recent weeks and expect the share price to make further progress in the coming days.

regards

[someuwin] 21/1/2014 12:35

Interim Management Statement was 1st Feb last year, 25th Jan year before - so anytime soon.

[mr. t] 17/1/2014 08:13

There's been a flurry of strong updates on the economy, house prices, house transactions and house builder trading statements in recent days.

All of them are good signs for titon's business.

[sleepy] 16/1/2014 23:25

A new recent high - think they hit up to 140? 10 or more years ago

[lemonjar] 16/1/2014 12:43

Yep! a new high :)

[ohsod1t] 16/1/2014 09:21

Looking strong. 62 paid.

[mr. t] 04/1/2014 11:33

More good news from the UK construction PMI, which was 62.1 in December. Along with the recent announcement of 8.4% house price increases from Nationwide, this can only be positive for Titon's current and future trading:



"Growth in the UK's construction sector remained strong in December, a survey suggests, with work on commercial projects seeing a sharp rise.

The latest Markit/CIPS purchasing managers' index (PMI) for the sector recorded a level of 62.1 last month.

While this was below November's six-year high of 62.6, it was still well above the 50 level that marks the divide between growth and contraction.

On Thursday, the PMI manufacturing survey also showed strong growth.

Wider recovery
Markit said the latest survey indicated that the construction industry had now seen output grow for eight months in row.

House building remains the fastest growing area of construction last month, although the pace of growth has slowed slightly from November.

However, Markit said that the construction sector was now seeing a broader recovery, with commercial building work rising at the fastest pace since August 2007.

The industry has also seen jobs increase for seven months in a row.

"The improving UK economic outlook is helping boost private sector spending patterns, meaning that the construction recovery has started to broaden out from housing demand and infrastructure projects to include strong growth in commercial building work," said Tim Moore, senior economist at Markit."

[mr. t] 24/12/2013 16:01

UK home sales up by 24% in November, according to HMRC, and number of new mortgages approved up by 39% according to the BBA:

www.bbc.co.uk/news/business-25504814

People are more likely to spend on new windows, doors, etc. after moving home imho so more home sales is good for TON's refurb business. If they're buying and increasing demand for new homes, then that's good news for Titon's new build business.

Roll on the Feb trading statement!

[patviera] 23/12/2013 23:16

Im not selling marc
however at 120p we will be fully valued and dont forget


its a cycle!!!!

[mr. t] 23/12/2013 23:11

I am not selling either. The next trading statement will be out in six weeks time and it will be a blockbuster.