Titon Share Discussion Threads

[wad collector] 06/11/2014 11:45

Promising rise today ; is the nadir behind us?

[sonofbanjosinger] 27/8/2014 09:17

Looking interesting, a good company very under valued

[patviera] 30/7/2014 17:21

18p in cash and how much freehold property?

[rainmaker] 30/7/2014 14:06

I totally agree WD. If we apply a price to sales ratio of just one-which is less than the market, ignore further growth in the latest trading update then we're trading at 150p.

regards

[mr. t] 29/7/2014 16:55

Very nice trading statement, and I agree about the importance of the UK growth.

[wad collector] 29/7/2014 16:31

A few PIs smiling this afternoon I think ; the illogical recent Sp weakness appears to be just that.
Back to the rising pattern?

[deanowls] 29/7/2014 16:23

Plus 25percent of the cap in cash.

[fozzie] 29/7/2014 16:12

Great update this afternoon. Very welcome. Finally into profit.

[sirhedgealot] 29/7/2014 16:09

I missed this one at the low.

[eezymunny] 29/7/2014 15:48

Agreed Hordean, the surge in UK trade is absolutely key.

ptp was averaging about £1m in the years leading up to the recession (pre the recent Korean stuff). If they get back there, and we add on 500k for Korea (after jv partners) we may just get to £1.5m next year. Perhaps optimistic but certainly do-able IMO. 120p doesn't look an unreasonable share price target. ONly have to look at ETQ as an example of how these microcaps can rocket when trading turns up like this.

[horndean eagle] 29/7/2014 15:31

I think the UK turnaround is what is key here. South Korean growth is all good and well but about half of that disappears to the jv partners. £10m sounds about right for the half year. Could do 4-5p earnings I reckon.

[shanklin] 29/7/2014 15:19

Having bought loads in the low to mid 70's (ouch) and then added more at the recent bottom, I am finally in profit here.

[someuwin] 29/7/2014 14:39

It was already waaaay too cheap.

It's now waaaaaaaaay too cheap.

[eezymunny] 29/7/2014 14:35

I reckon H2 turnover will be c. £10m if they keep up that Q3 run rate. As you say the market cap looks nonsense given balance sheet strength and that trading. I wonder if £1m pretax profit is do-able? Bit optimistic perhaps.

[overmars] 29/7/2014 14:30

Price makes no sense.

[eezymunny] 29/7/2014 14:05

IMS out



Nice to see UK picking up, to add to the progress in Korea. I suspect that as a result these are silly cheap here.

[mr. t] 15/7/2014 18:39

Nice to see a small rise. The share buy back may have given confidence.

[rainmaker] 14/7/2014 13:11

Well, Wad Collector, there's a trading update due in a few weeks.I would hope to see more such purchases.

regards

[wad collector] 14/7/2014 13:06

As you say , usually a good sign , though not sure it necessarily marks bottom.

[rainmaker] 12/7/2014 20:24

WD and P,Good news, I believe as I think the Company has answered that very same question in a timely manner with the purchase of 50k shares, approx £25k worth on friday.With a liquid assets less all liabilities of some 53p,I thought that the recent low around 49p would prove to be the bottom. Why should a a profitable dividend paying Company like Titon with an approximate 4% yield,a bright future(ie continued fantastic growth in South Korea and a recovering domestic market),trade at less than its liquidation value? We have a trading update later this month.

A Company buying its own shares is the most tax efficient way of returning money to its shareholders since if they paid a special dividend,tax would be due and it's a very shrewd move IF, and only if, its shares are undervalued which I believe they are and significantly so.Shares bought at these levels boost both the earnings, dividend and net assets per share.

AIMHO, DYOR

regards

[wad collector] 02/7/2014 22:28

I will tell you afterwards.

[pugugly] 19/6/2014 11:59

And downwards and downwards - A most unliked and illiquid stock -

Thoughts ??? as to where it might stop. ???

[wad collector] 10/6/2014 08:33

..or maybe I meant downwards progress .

[wad collector] 22/5/2014 12:21

Pinged my limit Buy at 60.5 this morning. I think I hnow have enough of these for my portfolio and look forward to a resumption of the upwards progress of this under-researched gem.