Total Systems Share Discussion Threads

[rainmaker] 15/1/2007 11:18

Quite shocking! a solitary sale of a few hundred pounds and the spread moves from 33/38p to 30/35p.Getting very cheap.

I know that TTS paid £760k for their Property in 1986 and I want to match that to a City Of London Commercial Property Price Index to get some idea what thir Property is worth now on that basis. I know Halifax and Nationwide have indexes but I don't know if they go back that far. Anyone offer any help or advice in this regard?Anyone know how many thousands of sq ft they have?

regards

[rainmaker] 10/1/2007 13:55

Hi HP-re your last Post-IMHO it's much better than that-according to King Sturge, a top Commercial Property Consultant, rent in the square mile as measured by NER(after stripping out incentives such as Rent free weeks)actually rose a quite staggering 35% last year against a 3% rise in 2005 and now average £58 per square ft. Forecast for the current year is a further rise in the order of 15%.This rise has been fuelled by a boom in the Financial Services Industry
-London is the pre-eminate location for Forex as their total transaction value is World beating and I believe Money raised for IPOs in London outstripped New York last year for the first time etc etc-you get the picture!


Have checked Streetmap and their Office falls on the Boundary within the Square Mile. I remember walking from Liverpool Street Station to their Offices and it's not much more than 5 minutes away . Really what their Business is doing at the moment is in my estimation of secondary importance as they have a very valuable piece of commercial real estate

regards

[hugepants] 18/12/2006 12:16

Interims


The loss of 2.12p is less than I expected. Still doesnt sound like much happening near term.

[ben value] 11/12/2006 17:02

HugePants - glad to see this one going up. One of my worst performing shares this year.

I notice that you have in the past contributed to the Value Thread. I'm not sure if you are aware of the new value thread called "Rainmakers Value Thread" VAL.

regards

[hugepants] 11/12/2006 13:44

CENTRAL LONDON HOUSE PRICES UP 26% THIS YEAR, AGENT SAYS
Liz Chong and Graham Searjeant



Not sure if the same is true for commercial property?

Rainmaker, where did you hear these rumours - are they in one of todays papers

[mctmct] 11/12/2006 12:51

Something up? Any rumours?

[rainmaker] 11/12/2006 12:51

A few rumours(unsubstantiated, I should say) floating around, concerning a sale and lease back of Head Office and a share buyback /or a special dividend.Very hard to see much downside from current levels even after today's rise.

regards

[hugepants] 07/11/2006 15:29

Total Fund Manager, whatever happened to that? They say they arent actively marketing it. What a Total waste of money.

38p share price. For that you get 32p of cash and another 20 odd pence of London property. Its a pity the near term outlook is rubbish. I cant see them posting a profit for H1.

[9degrees] 29/9/2006 08:11

No but with the strong sales force and the new partnerships something should happen ?? Patience !

[hugepants] 28/9/2006 11:44

Did they say anything else? Like something along the lines of 'huge contracts imminent'

[9degrees] 28/9/2006 10:11

Co says new website went live a few days ago

[9degrees] 26/9/2006 16:38

certainly updated with latest partners

[hugepants] 26/9/2006 16:24

is this a new website?

[mctmct] 26/9/2006 12:03

Thanks HP. Odd that advfn didn't list it.

Any views on today's rise?

mct

[hugepants] 19/9/2006 08:27

The reason for yesterdays rise.

[rainmaker] 12/9/2006 12:30

Hi Pugugly- I know the Building a short from the City towards Old Street Tube though can't remember The Angel Islington. Surrounding area used to be a bit dodgy but I'm going back quite a few years. I'm sure it's been gentrified by now like the East End. In short a prime location whose value should soar as the City continues to expand. Worth every penny of £3mln

regards

[pugugly] 08/9/2006 13:48

HP:> Office building is double fronted and from memory 5 floor and something like 40/50 feet deep with parking in front just off the Angel Islington. imo but dyor if converted into flats (if planning permission abtained) should be worth significantly more than current market cap - however sale would produce profit and tax liabilities so unable to assess net benefit to shareholders at teh moment.

Any other views?

[rainmaker] 08/9/2006 13:13

Hi HP-Shold have checked market cap more carefully but can say that their Property is worth in the ballpark of £3mln plus £3mln+ net cash in the Bank along v £4.5 mln market cap, with my previous Post makes this a no brainer!!

regards

[hugepants] 05/9/2006 13:01

The property is worth somewhere north of 2M. But Im pretty sure its not worth more than the current market cap of 4M

[rainmaker] 05/9/2006 12:39

HP-I was serious but don't know about amount.Previously I went back over 10 years of trading data and calculated value ranges based on P/E,P/S and CF per share then applied averages to the current EPS etc.Haven't got details to hand but I believe I came up with an intrinsic value calculation of approx 85p to 120p-I'll check and post later.Given this Company net cash on balance sheet,a Property with a value that exceeds it's current market capitalisation,it's strong trading and dividend paying record(it has only made one loss in the last 10+ years) ANYTHING UNDER 60P IS VERY CHEAP

regards

[9degrees] 04/9/2006 21:51

dividend gets paid tomorrow !

[mctmct] 04/9/2006 16:23

It looks as though a MM is accumulating shares for someone. Gradual price increase, despite some sales ...

Takeover?

Maybe someone has spotted that their office building is worth more than the market cap!

mct

[hugepants] 04/9/2006 13:06

Hi
I was only joking about a 20M contract win.