Total Systems Share Discussion Threads

[pugugly] 26/1/2007 08:36

egoi:- Thanks for the info - damm Now need to check in more than ! place. My broker told me that WINS (I think) had bought 10,000 at 40 and I was wondering where it was - now I see.

[egoi] 26/1/2007 08:07

Pug, as I said yesterday:
"egoi - 25 Jan'07 - 09:54 - 146 of 156 edit
Don't forget some trades are posted here, not on the main market list:

Edit Now including my buy."

I didn't see a 9,000 there but several buys went through yesterday; check this

[lqs] 25/1/2007 22:20

my 9,000 buy didnt show either

[cbeadle] 25/1/2007 22:10

The 2,000 purchase was mine! I think the risk is much less is TTS with both potential trading and asset backing looking very promising. Maybe a short window of opportunity has opened to climb aboard

[pugugly] 25/1/2007 21:53

egoi:. Still no sign of your buy. I reckon that the 10,000 T trade at 37p was a delayed buy from earlier . Be interesting to see what press (if any) is generated by the news.

[egoi] 25/1/2007 20:12

Fellowes; with 75p+ per share of asset backing, (which means I am valuing the Ultima suite at zero and taking an unduly conservative view of the property) a share price of 40p, no debt, and this contract, it marks the start of the recovery, not the end of it.

Plenty of time to share in the gains to come imho.

And thanks to Rainmaker from me too, for keeping an out of favour stock in the back of the mind.

[egoi] 25/1/2007 13:26

"Change the sales staff change the entire fortunes of a company". Bit like a new chef in the restaurant.
Let's hope this new team can build on this win, because if they do, then TTS could become one of the AIM turnaround stories of 2007-8, with their formidable asset backing.

[rainmaker] 25/1/2007 12:33

I feel that with todays news TTS will be able to avoid a loss this year

regards

[9degrees] 25/1/2007 11:41

interesting interview article in last sundays Sunday Times 21 jan page 7 of business news on Paul Pindar who is Capita's Chief executive . ( of general interest)

[egoi] 25/1/2007 09:54

Don't forget some trades are posted here, not on the main market list:


Edit Now including my buy.

[egoi] 25/1/2007 08:54

Suspect there are a few others Pug; mine - and probably others - will show as a sell (on some sites anyway) unless the price drops back.

It's all very well people trying to buy at the very bottom, I nearly bought yesterday funnily enough, but it's more important to ask yourself in the light of all the facts - and the new news - if you reckon the stock is too cheap.

I thought that it was yesterday, and despite the move up, I think it is even cheaper today. If the new sales team can deliver more contracts this could easily end the year at 100p+. And if not 60p would still look too cheap. my guess is the property is worth more than people think/say.

In my 20+ years in the market, though it happens occasionally, I have found people very rarely get in at the very bottom, the value is more important.

[pugugly] 25/1/2007 08:50

egoi:- You moved the market with your buy - Not showing yet as nms (advfn 500-0

Price up again wonder where it will end the day -

Capita - A vast group - TTS should be able to build on the contacts and extract more business t

[hugepants] 25/1/2007 08:32

At last. No figures mentioned but The ULTIMA contracts are usually significant (last one announced in Feb 04 was worth an initial £2.6M) so I hope its enough to tip the company back into profitability.

[nickcduk] 25/1/2007 08:26

A kiss of life if ever i saw one!. Well done to those already holding and I hope its the first contract win of many.

[egoi] 25/1/2007 08:11

Here's your contract. I'm in for 5,000 shares at 36.7p. OK, so there will be a loss, ok management are sleepy, ok the cashpile will fall to around 25p

Better than ok, though, we have a new contract, NO debt, a property worth at least 50p a share (and possibly the contract will be the forerunner of more).

A value of 75p, even valuing the software suite at zero.

Time to stop messing around, we all know this stock is too cheap, whatever the posturing.

'Total Systems' Ultima solution selected as strategic platform for General
Insurance policy administration by Capita Insurance Services

Total Systems plc ('Total') are delighted to have been appointed as the
preferred supplier by Capita Insurance Services ('Capita') for the provision of
their Ultima system as the strategic platform for future general insurance
policy administration outsourcing contracts.

The first implementation of Ultima under the agreement is now underway.

Following a detailed market assessment of general insurance systems, Capita
chose Ultima for its cost-effectiveness, ability to accommodate all insurance
products and the ability to bring new products to market exceptionally quickly.
Furthermore the technology which underpins Ultima enables the product to deliver
sophisticated customer self-service via the web, mobile web and SMS and newer
channels such as interactive TV.

Dermot Joyce, Managing Director of Capita Insurance Services commented 'Total
impressed us enormously with their knowledge of our market and the needs of both
customers and underwriters. In Ultima we have selected a flexible system that
enables us to manage our customers' operations with absolute confidence that new
products can be introduced with minimal development activity. We look forward to
working with the Total team in the coming months'

Colin Fox, Sales Director at Total commented 'We are delighted to be working
with Capita as a strategic solutions partner in General Insurance. Capita's
needs are very demanding - they have to meet diverse customer requirements
quickly and cost effectively - and Ultima has been designed to achieve just
this, and in a multi-company, multi currency environment. We are looking
forwards to building a long term relationship with Capita which delivers a new
level of service to the GI market''

[nickcduk] 24/1/2007 21:37

I remember buying TTS over 12 years ago at around 70p or so. As has been pointed out they have made very little progress since. I don't see how that will change any time soon as long as Terrance Bourne is still in charge and the majority shareholder. He just doesn't seem to be the ambitious type and seems to be happy just to amble along with what he has. He has had the opportunity to reduce his shareholding at far higher prices over the last 10 years but obviously doesn't need the money and hence didn't bother. Even now he has the opportunity to revalue the property, sell it on, and then pay a special dividend out or if he believes in the company to buy the minority shareholders out.

The company as it stands is very cheap based on asset value but that can be eroded over time if losses continue. It may well take many years for TB to either retire or sell up, in which case an investment in TTS will just be dead money. Those are considerations that need to be factored in before contemplating a buy in TTS.

[hugepants] 24/1/2007 20:42

Agreed, the economy is bouyant but TTS cant seem to win new business. In fact they are losing their existing customers like Shell and Bluesure. The company hasnt really shown much ambition over the years to be honest. Youd have thought with all that cash they might have tried even a modest acquisition sometime over the last 10 years to try and kick-start some growth.

[fellowes2] 24/1/2007 18:42

I think TB is highly incentivised to get things right with his % holding.
And I am not his greatest fan as TTS have esentially gone nowhere in the last 10 years - and you have to question the quality of some of the stretegic decisions that have been made.

What I find most troubling is that business should be very strong at this stage of the economic cycle. Of course Raimmaker's points are valid, a couple of large contract wins and the outlook is transformed, but there is little sign of this yet. Ultimatley TB's hand is likely to be forced by the increasing losses, so Rainmaker may be right and value will out in the end.

[arthur_lame_stocks] 24/1/2007 18:26

True weatherman, but I wonder weather he might see it as his pension. After all he´s getting paid by the company now, perhaps he won´t want to sell up until he retires.

[weatherman] 24/1/2007 18:21

A group of shareholders could put pressure on a majority shareholder for a change in direction. We need to challenge for a marked improvement in the ROCE, by releasing value in property, giving money back to shareholders or selling up. It is in his interest to realise the value if the company isn't going forward.