Total Systems Share Discussion Threads

[weatherman] 27/9/2021 16:36

Thanks Rodney. On the 3rd Nov 2020, there was a cessation statement that stated at Companies House that Peter Delaney no longer had significant control. But I see on the latest report he is still listed as a director.

[19rodney47] 27/9/2021 14:44

Post 464 indicates some misunderstanding. Terence Bourne, the Chairman, MD & controlling shareholder, died in November 2017. Since then Peter Delaney, a Chartered Accountant,has been Chairman and that is still the situation. The March 2021 accountss are on the the TS website.

[weatherman] 01/4/2021 09:50

For those still in this, I see they are recruiting, which offers hope of improved trading. Hopefully there will be a reasonably priced exit strategy one day.

[weatherman] 08/2/2021 19:19

Change is very slow here, but two of the old guard are no longer in charge. Peter Delaney has left the board. The company is now controlled by Terrance Bourne's Will Trust.

[weatherman] 09/4/2018 12:25

Terrence Patrick Bourne is no longer in charge of Total Systems - looks like his son has taken over - it may lead to a new direction.

[davidosh] 04/10/2012 13:18

Thanks for the update weatherman...much appreciated

[weatherman] 04/10/2012 11:37

For those still in TTS, the last set of results are a bit of a mess. They lost £1m in cash due to slow down and R&D. Still hope of better times a long way ahead as it is difficult to sell.

[weatherman] 07/1/2011 11:30

Perhaps those of us who still hold should lobby for a matched bargain facility to be set up.

The cancellation document said this: "Whilst the Board believes that the Cancellation is in the interests of the Company and the Shareholders as a whole, it recognises that the Cancellation may make it more difficult for Shareholders to buy and sell Ordinary Shares should they so wish. Accordingly, the Board may decide to setup a matched bargain settlement facility to enable Shareholders to trade the Ordinary Shares. If this facility is set up, Shareholders or persons wishing to trade Ordinary Shares will be able to leave an indication with the facility provider that they are prepared to buy or sell at an agreed price. If the matched bargain settlement facility is able to match that order with an opposite sell or buy instruction, the facility provider will contact both parties and then effect the bargain. If the Board decide to arrange such a facility, details will be made available to Shareholders on the Company's website at www.totalsystems.co.uk."

[weatherman] 06/1/2011 17:01

They report non-recurring items in Q3. Reveunue for yr2010 was £4,286,423 not as stated above. Trade and other receivables has gone down to £855,333 (previous 1,447,326) indicating good cash flow management. Subdued start to this year, with expectation of possible upturn in q3-q4.

[hugepants] 06/1/2011 13:40

ptf of £439,285 eps 3.11p Turnover £4,826,423
Assets
Property plant and equipment £801,642
Cash and cash equivilents £4,512,116 = about 43p

Are you kidding? They must have had a stonking 2nd half.

[hugepants] 06/1/2011 13:40

ptf of £439,285 eps 3.11p Turnover £4,826,423
Assets
Property plant and equipment £801,642
Cash and cash equivilents £4,512,116 = about 43p

Are you kidding? They must have had a stonking 2nd half.

[weatherman] 05/1/2011 20:56

THis is my rough calculations.
ptf of £439,285 eps 3.11p Turnover £4,826,423
Assets
Property plant and equipment £801,642
Cash and cash equivilents £4,512,116 = about 43p

Cost cutting allowed cash to increase and trade receivables decreased -
No news on future plans other than investment in products and saas - R&D £791,000.

[pugugly] 05/1/2011 20:32

Their phone number used to be 020 7294 4888. you could always try phoning.

A check with BT shows them still there



Total Systems Plc
Tel: [phone] - Text Number
London, EC1V 2QA - Map

[liarspoker] 05/1/2011 20:27

Please keep in mind my value thread HugePants ( symbol:BEN ). I seem to be doing a lot of selling these days and no buying so my cash pile is building up. I'd appreciate any value ideas.

Thanks,

Liars

[hugepants] 05/1/2011 20:19

Yeah maybe you can post the full year results. I dont hold now but Id be interested to see how they did in H2.

[weatherman] 05/1/2011 20:13

Thanks - will try this.

[hugepants] 05/1/2011 19:55

You can download the 2010 accounts from the CompaniesHouse website. It will cost a quid.

[rarther] 05/1/2011 17:35

They don't read emails any more. Go and knock on the office door and Terry will answer in his PJ's.

[weatherman] 05/1/2011 08:30

They do exist, but not listed publically. I emailed them about reports, and heard nothing.

[kirkb] 05/1/2011 08:04

thats because they dont exist no more

[weatherman] 04/1/2011 17:42

Has anyone had any contact with the management of TTS. All seems to have gone quiet, would have expected trading statement by now.

[weatherman] 22/6/2010 08:37

I guess holding on to these shares means having a stake in a London City property at about a third of the price. Not very liquid, but neither is property. I would gamble on some corporate action to release value within 2 to 5 years for a 100 to 200 % Increase. In fact I would suggest TTS would do better selling its software business and becoming a property company.

[davidosh] 14/6/2010 07:59

roastedpeppers....sounds a good idea in principle but will need very good and effective marketing so as to hit target audience each time a de listing is announced. Remember so many PIs have nominee accounts

[roastedpeppers] 14/6/2010 06:45

I am looking at a business idea and want to have peoples opinions as to whether or not they believe it will work.

Due o the high number of delisting of companies which I believe have significant value attached to them, I am looking at setting up a holding company. People then transfer their shareholdings into the holding company in return for a class of share in that company of the same value (it has to be of the same value because the assets held (shares in delisting companies) will equal the liabilities (effectively a loan note to all shareholders who transfer their shares).

There are two reasons for doing this

Firstly, if people transfer their shares over, then a single entity then has a significant shareholding and can at first call try to prevent the delisting (25% or more)

Secondly, even if the company cannot stop the delisting then it will still have a stake and can still be a thorn in managements side (thereby giving the management the incentive to buy out this thorn at a later date).

The benefits to shareholders are such

1) If shareholders believe there is value, they do not need to sell out their holding, rather they can approach a company at a later date if this value is realised

2) All shareholders will receive up to date information including analysis of results, representation at the AGM and investor presentations

3) If after a period of 12 months the shareholders have not had a return, the company will purchase the shares from the individuals (in effect buying back its loan notes) in retun for the shares of the company.

Any comments please

[hugepants] 13/6/2010 22:55

The offer is reprehensible but Im tendering all my shares. I dont fancy holding this when its delisted. ISA holders dont even have an option. They have to accept 26p whether they like it or not.
Also why can't they publish the results now and give investors more info to make a decision. We all know how hopeless the full year guidance is with this shower.