Total Systems Share Discussion Threads

[rainmaker] 04/9/2006 11:50

Will check back later

regards

[rainmaker] 04/9/2006 11:50

Any news on contract win?-can't find anything on RNS news yet

regards

[hugepants] 04/9/2006 11:09

Dunno but hopefully someone has wind of a £20M contract win.

[mctmct] 04/9/2006 09:03

Indeed. What's up?

[hugepants] 04/9/2006 07:47

Nice rise this morning.

[rainmaker] 31/7/2006 11:32

Excellent trading record,recently announced contract win(though disappointingly no further details re amounts, strong balance sheet with approx 31p net cash makes the recent fall seem way overdone.IMHO v cheap at current levels

regards

[hugepants] 03/7/2006 08:05

Results OK but near-term outlook dodgy. Cant see this doing anything until they win new business.

[hugepants] 16/6/2006 13:22

mctmct,
TTS dont seem to make specific announcements on contracts very often. They annouced one in Feb 04 but previous the last one was in 2000. So I suspect its only the large ones they make RNS announcements on.

[fellowes2] 16/6/2006 08:39

£500,000 extra tunover is very significant for TTS, it will be interesting to read the detail.

[hugepants] 15/6/2006 08:07

Just need a nice upbeat forward trading update with the results on 3rd July and we should be on our way up again.

[rainmaker] 14/6/2006 11:44

HP re VIG, itching to post more messages.. AGM is tomorrow..reckon that House Broker will update forecasts after meeting

regards

[rainmaker] 14/6/2006 11:41

The darkest hour is just before dawn.....Given the Company's low market cap, a £500k greater than expected turnover is a real result.On an annualised basis I wonder what TTS prospective P/E for the current year would be?

regards

[mctmct] 14/6/2006 08:23

Good trading update today:

"Total Systems plc (the "Company"), suppliers of cost effective and flexible
software systems together with support and expertise for the financial services
industry, primarily in the insurance, warranty and pension fund management
sectors, will announce on Monday 3 July 2006, its Final Results for the year
ended 31 March 2006.

The Company is pleased to announce that the final quarter of the financial year
finished strongly and, subject to audit, turnover for the year ended 31 March
2006 will be approximately #500,000 greater than market expectations. As a
result the company will be reporting a profit before tax for the year instead of
the small loss previously anticipated by the market."

Yet no recent contract announcements.

What do we make of that?

[hugepants] 12/6/2006 13:31

Stockcube worth a look if you like TTS (also has large cash pile)

Epic is SKC. Shares are 45.5p to buy. As of December 05 cash per share was worth 40.5p. As of now cash will be up to 42p and by the end of the year cash per share will be 45p. Also 3p (approx 0.3M) of London property assets for good measure. Operating profit last year rose to 234,000 from 70,000 the year before. Add another 200K interest on cash and pre-tax profit (before exceptionals) was 433,000. Further growth expected this year.

[hugepants] 31/5/2006 10:50

But cash + London property conservatively worth 50p per share so downside protected. And potentially excellent upside if they do manage to win new contracts and return to the levels of profitability of a few yars ago.

[fellowes2] 26/5/2006 08:39

Not one contract win announced by TTS for how long now ????
Does not bode well IMO.

[rainmaker] 05/5/2006 11:44

Quite a few rumours floating around TTS and they all centre around its Freehold Property purchased for approx £750k in 1986 but not revalued since I believe then there the effects of depreciation

regards

[rainmaker] 05/5/2006 00:10

Further related point, is that interest rates are at historically low levels so attractive to lock in those low rates

regards

[rainmaker] 05/5/2006 00:07

Tesco are planning the very same as they own the Freeholds. Effectively it is a way for TTS to unlock value stored in the balance sheet to reward loyal shareholders-the Properties are simply sold then leased back. Obviously it does not jeopodise the Companies Cash balances which are needed for R & D spend but it does release money that at present is not generating anything like a satisfactory return.

I'm sure that this is what the latest rally is about and the strong probability in mine and plenty of other Investors opinion, that TTS purchased now at their historically low current level will yield terrific returns for Investors willing to wait a couple of years

regards

[hugepants] 04/5/2006 11:43

Really. Thats interesting Rainmaker, any chance you can expand a bit

[rainmaker] 04/5/2006 11:31

Hi HP-I hear that a sale and leaseback is on the cards then a special dividend or share buy back as a way of unlocking hidden shareholder value

regards

[hugepants] 02/5/2006 08:08

Interesting discussion.

[rarther] 26/2/2006 20:16

Well, since the company is valued at ntav and the business valued at nothing, I asked why not return cash to shareholders and force the market to put a value on the business?

"The board believes that investing in product development and sales and
marketing expertise to win more customers will create profits and that
the resulting momentum will naturally, with some good public and
investor relations, increase the share price to take account of the
underlying value of the business.

The cash is being kept as a prudent buffer against market conditions so
that the board has the flexibility to make these investments in product
development and sales and marketing or to take any other action as
necessary."

[pugugly] 26/2/2006 09:57

rarther:- Agreed BUT, and it is a big but, the new sales force have to land some contracts - They have been at it now for quite some time and nothing yet apparent.

Did the "horse" have anything to say apart from "neigh"?

[rarther] 26/2/2006 03:44

for those who are holding...

"The board is concerned about the current valuation. It believes that
the market is currently undervaluing the company."
- from the horse's mouth.

I guess half the mgmt boards on the lse would probably say that about their company, but it does dispel most of the fears that the shareprice movement would give you about the company's future. The valuation problem seems to circle around the way in which the company overstates problems and is terminally cautious about the future.

But, if you invest on fundamentals and not hype, then this looks like a pretty good bet when their markets pick up and the numbers do the talking.

The board have all got options exercisable if/when the shares reach 150-250p between 2008-2015, so if you believe in the management team then it's an easy 500%+ return over the next 3-8 years.

150p is approx a £15m market cap, so it's not as absurd as it sounds.