Titon Share Discussion Threads

[sirrux] 11/3/2021 07:06

Definitely, can't see why not.

[its the oxman] 10/3/2021 21:02

Reassuring update. Should move higher now.

[its the oxman] 08/3/2021 23:39

Agm statement on 10th. Could send us higher if market senses a recovery here.

[wad collector] 08/3/2021 11:18

By Titon standards , there is quite a lot of buying this am ; next leg up?

[argylerich] 26/1/2021 15:44

Who knows what he has planned, although if it was moving abroad, those plans could be on hold for now!

[pugugly] 26/1/2021 15:21

So Ruffell leaving on 30th April but now holding 1.6% of Coy - BIG QUESTION - Will he want to continue holding once he leaves or will he continue to hold. If he feels he wants to cut ties with the coy completley possible BIG overhang - A very low liquidity (imo) What do people think?

26 January 2021 Titon Holdings plc

Exercise of options and Director/PDMR shareholding

Titon Holdings plc (the "Company"), announces that Mr D Ruffell, Chief Executive Officer of the Company, on 25(th) January 2021 exercised options over 60,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at an average exercise price of 56.33 pence each. Following this purchase, the total beneficial interest of Mr D Ruffell and persons closely associated with him is 178,500 Ordinary Shares, representing 1.6 per cent. of the Company's issued share capital (excluding shares held in treasury).

Date 30 October 2020 Chief Executive Officer succession

Titon Holdings Plc ("Titon" or the "Group"), a leading international manufacturer and supplier of ventilation systems, and window and door hardware announces that after 33 years, David Ruffell, Group CEO, has agreed with the Board that he will step down from his role as CEO and leave Titon on 30 April 2021. David will remain as CEO and carry out his usual responsibilities until this date to ensure a smooth transition for the Group.

[argylerich] 25/1/2021 09:21

shhh not yet please, hoping to buy some more on any dip when funds free up ;-)

[its the oxman] 25/1/2021 08:53

Seeing some buying 114p. Could inch up soon.

[argylerich] 19/1/2021 10:21

Limited downside, more upside opportunities.
The mcap is almost all covered by assets (approx 45% cash) with seemingly none of the probable recoveries priced in.
UK building sector in recovery with domestic manufacturing to benefit set against rising import transportation costs and recent order/delivery volatility due to Covid.
S Korean stabilisation expected, possible recovery by 2022.

[nico115] 18/1/2021 20:56

View now here ?

[iroll] 15/1/2021 17:11

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.

[wad collector] 15/1/2021 14:39

That is an impressive NAV. Let us hope that 2021 sees the share price rise back to the dizzy days of £2+ . Personally I am not adding as a bit heavy here following a buying spree in about 2015 , but very happy to hold.
There will now be no news for many months , probably.

[argylerich] 15/1/2021 13:42

When you look at the assets vs market cap of this company it is quite astounding.

Net assets of over £16m including:
Cash of 5.6m
Unmortgaged HQ at Haverhill of £3.4m
49% of BTS who have £2.6m in the bank and other properties on their books (they just sold one for £5.5m!)

Such a solid base for recovery

[pugugly] 15/1/2021 13:25

Or buying for recovery? Remember the Market is forward looking - must have radar to see through the fog!!

[argylerich] 15/1/2021 13:03

Somebody actually read the results? ;-)

[wad collector] 15/1/2021 12:45

And the reason that today the market values the results more highly than yesterday is.....

[argylerich] 14/1/2021 12:42

Lol I think you need to change your name Forensic ;-)

[forensic] 14/1/2021 12:14

Dividend dates - xd 4 Feb 21, pay 12 Mar 21 (Took ages to find - wish they would include this info at the top!, and not buried in the small print)

[its the oxman] 14/1/2021 11:24

On rereading I'm slightly more positive, given Titon from memory tend to be fairly cautious in tone I'm not surprised first reactions can be a little negative. But actually uk q1 sales 12% better than last year, Korea not sure but hopefully will improve, large cash pile, and clearly not so worried to avoid a div payment they could easily of held back on covid excuses makes me inclined to hold on. Could climb back toward 125p and more if their cautious tone improves next time around.

[boystown] 14/1/2021 11:18

These look as expected to me - should be worth £2 but are always undervalued.

[argylerich] 14/1/2021 11:13

More cash retained (over 40p a share!) very prudent 2p divi, steady as she goes

[its the oxman] 14/1/2021 11:08

Results largely as I expected, figures a bit gloomy and with a cautious tone but on the plus side the co seems very capable of weathering the covid storm. Timing of profit recovery is unclear as for many, but confident it will come. Overall prepared to hold for further recovery from this level. Even get a div which I was not expecting.