Share Name Share Symbol Market Type Share ISIN Share Description
Titon Holdings Plc LSE:TON London Ordinary Share GB0008941402 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 86.00 2,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
82.00 90.00 86.00 86.00 86.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 27.16 1.97 12.84 6.7 10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:03:21 O 2,000 83.55 GBX

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Date Time Title Posts
19/10/202016:28Titon : a TITAN?1,052
12/12/201908:29Titon Holdings2
01/2/201312:17*** Titon ***1
16/1/201323:45Titon Holdings70

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Titon (TON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-20 15:03:2283.552,0001,671.00O
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Titon (TON) Top Chat Posts

Titon Daily Update: Titon Holdings Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker TON. The last closing price for Titon was 86p.
Titon Holdings Plc has a 4 week average price of 76.50p and a 12 week average price of 76.50p.
The 1 year high share price is 135p while the 1 year low share price is currently 65p.
There are currently 11,083,750 shares in issue and the average daily traded volume is 9,418 shares. The market capitalisation of Titon Holdings Plc is £9,532,025.
netcurtains: profdoc: MCS (from 2020 accounts - half year) current assets 869 - 1/5 = 696 total liabilities = 311 Mrk Cap = 394 696 - 311 > 394 so it is not quite a net-net by your definition (more or less). Then you have problems with trying to sell houses to old people in an old people pandemic when most of them are probably still "shielding" and will be for ages. Then are the assets actually the unsaleable houses? if so its possibly worse. I think TON - using the looser net-net model (80% of basic net-net) is better because ventilation actually could do quite well during covid. It depends on next update. of the two gut feeling is TON is better than MCS. However, you're right, MCS could fly when things get better (but so could TON)... Good luck. A reasonable idea but I'm not sure the old will be moving anytime soon . I'm in Titon and I have a good feeling about it - but it will be a while yet.
netcurtains: profdoc: Thats weird, Wall Street Journal does not have balance sheet for MCS but it does have TON. Is there any reason why WSJ does not have balance sheet info for MCS? Have they recently changed their ticker symbol (year or so)? Https://
netcurtains: Definition of a net-net from Motely Fool: What is a net-net? A net-net is a company with a market capitalization that is less than the company's current assets minus total liabilities, or equivalently, the company's working capital minus long-term liabilities. This value is called the net current asset value. Long-term assets -- like land, equipment, buildings, and intangible assets -- are treated as being worthless. If a net-net were to be liquidated, with current assets being used to settle all outstanding liabilities, the leftover cash would be worth more than the market capitalization of the company. Buying shares of a net-net, then, is essentially like buying a dollar for $0.50. You're also getting the company's long-term assets, which are likely worth something, for free. By this definition TON is 84% of a net-net. I think that is fair enough.
netcurtains: ds: I said TON is 84% of a Netnet (using looser definition). That is good enough ballpark. And the definition I'm using is widely used.
dangersimpson2: I prefer method a) and have done well this year by buying stocks such as XAR, ARDN, ZYT that definitely were net nets by the strictest definition when I bought. EVE was also a net net and had 5 bagged at one point but I missed this due concerns over cash burn rate. Currently, of the UK companies I track, NTQ, HDT are just net nets plus HTG is pretty close, which is highly unusual for a company that did almost $1b of revenue last year (most net nets are highly illiquid microcaps.) So it is untrue that no UK company is going to be a net net based on the most rigorous criteria. This doesn't mean TON isn't a good investment at the current price just to be an investment on a net net criteria it would need to be bought at 43p. Therefore it would be more useful analysing the future earnings potential of the company rather than claiming it is a buy based on a criteria that requires the price to half to meet.
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.
netcurtains: Titon is 88.4% of a NETNET (March 2020 figures from Wall Street Journal website) Current Assets: 12999 TOTAL liabilities 4772 Difference: 12999 - 4772 = 8227 Market Cap: 9300 8227 is 88.4% of 9300... So if Titon announce any good news the price should really fly, obviously not a day trade, might be months. But waiting 6 months for 50% rise is a very good investment (if it happens). Main markets are South Korea and UK. South Korea is trying to deflate property bubble and UK is trying to inflate property bubble... Take your pick! Titon mainly involved in ventilation.
netcurtains: I dont claim to be an expert on COVID or Titan however if you have a factory in South Korea and South Korea is working more or less back to normal then one would think Titan are probably doing OK? Just a guess. We entered into a Joint Venture in South Korea with a local partner in 2008 and have our own manufacturing facilities in Seoul. We estimate that this business has captured over 75% of the market share for natural ventilation in the new build market in South Korea and now represents a significant source of profits for the Titon Group. Press reports are now talking about a boom in house prices because of money being pumped into economy. So perhaps we've got some of that "boom" - who knows. Https://
netcurtains: cgi used to create virtual product house: Https:// I know the DIY market is rapidly expanding - so if any products Titon make are used in small improvements to a house (perhaps a new downstairs bathroom with ventilation and small window)Titon might be doing well. I think we need a bit of an update as we've heard nothing since May.... This is the longest period Titon has had when the price has not moved up or down.... So one suspect some movement soon. the current price is very near the Covid19 bottom..
netcurtains: Titon is a NETNET... (by NETNET calculation its the 15th cheapest share in the entire UK stock market (both AIM and FTSE)... Its NAV is twice the size of its market cap. In last accounts made about 1.5M profit... Current market cap: 8.5M If valued at ten times annual "normal" profits added to NAV it probably should be valued at 25M or three times its current share price. These figures are all optimistic but possible if I have read the accounts sort of right. Obviously covid has had a major effect on the price. But surely it will recover? And if it recovers then (even if it takes 12/24 months) its a bargain.
Titon share price data is direct from the London Stock Exchange
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