Total Systems Share Discussion Threads

[davidosh] 19/11/2008 14:10

Which bit of that is directly linked to sales or contract with TTS though ?

[9degrees] 19/11/2008 14:08

Extracted from Capita interim report that may be interest here:

November has been a very active month for us with contracts secured with:
* Abbey Life and Deutsche Bank (AG) - to provide administrative services for
approximately 1.1 million life and pensions policies. Abbey Life was
acquired by Deutsche Bank, in October 2007, from Lloyds TSB. The deal,
which is subject to final agreement of commercial terms, is worth £130m
over 10 years and will involve the transfer of approximately 300
Bournemouth-based staff to Capita under TUPE. The service is expected to
start in January 2009.



The third quarter has also seen the continued smooth transition of our largest
contract to date, worth £722m over 15 years with Prudential. The contract
commenced in April 2008 with the transfer of 1,750 Prudential staff working in
the UK. A further 1,250 staff working in Mumbai transferred on 1 October 2008
therefore almost doubling our operations in India.
These should help to increase turnover and profits

[shaid1] 18/11/2008 16:42

hugepants

ive been looking at these for a while.

huge potential here.

[hugepants] 18/11/2008 16:37

Good trading update from our biggest customer Capita(CPI) today.

[hugepants] 03/11/2008 11:57

I think we can expect the interims this month. They are releasing Q1 and Q3 trading updates now which explains why they brought the interims forward into november last year.

I hope they start the dividend payments again. There is really no excuse not to now. They need to try to do something to correct this silly share price.

[egoi] 07/10/2008 10:26

2.9 million market cap of which, erm, 3 million in cash.

Profitable.

No debt.

Property worth 15-20p a share.

Mature product suite.

Reinforced agreement with a key client.

And the price goes down 3p yesterday on a sell of 6,000 shares.
And is down today, i guess something similar will show later.

proof that the market has lost its rationality.

A bargain awaits for someone with spare cash!

[hugepants] 15/9/2008 08:50

I googled insuretrac (in the final results TTS said there was huge interest in this product albeit no firm orders yet)




Total Systems
Total Systems provide customer-centric systems for the General Insurance market. Total's flagship product Ultima is a complete insurance back-office solution accommodating all lines of business and products.

insureTrac is the latest addition to the portfolio and is, in our opinion, the most innovative solution for motor insurance on the market today. In association with Orange™ and using the latest telematics technology, insureTrac provides insurers with a comprehensive view of their customers' driving habits and driving styles as well as instant notification of incidents. Fully integrated to the back office system, insureTrac facilitates automatic underwriting and claims handling. Typically, insurers should expect a minimum 10% reduction in claims costs.

[hugepants] 18/8/2008 11:36

There was a write-up on Capita with a buy rec in yesterdays Mail on Sunday. It stated the business is basically recession proof.
TTS looks rock solid now with 30p cash, a property worth 20p and growing revenues and profits.

[hoveite] 11/8/2008 19:47

Thanks for the info hugepants

[hugepants] 11/8/2008 19:04

The information I got from the company a couple of years back was that the property was purchased for £0.75M in 1987. Its in central London, post-code EC1.

[hoveite] 11/8/2008 15:30

egoi - Do you know exactly when the property valuation is from?

[egoi] 11/8/2008 11:42

Remember the first half was a loss last year so an 'operating' profit in the first quarter, while welcome may not be an actual profit. nevertheless this is welcome news, the downturn is not impacting and the 'key-customer risk' was greatly reduced by the recent strengthening of the Capita contract.

And that's an extra 600k in cash from the Finals, which is also very welcome news, adding to tangible assets significantly for a 3.6 million company. Should take tangibles to about 45-46p per share, way above the current price (and that's with a very old property valuation).

I reckon 65-70p is the very least a predator would have to pay, (last year TCC doubled overnight on an approach and was very similar to TTS) about double the current price.

[rossco] 11/8/2008 10:33

An operating profit for the first quarter contines the improvement of 07-08. If 1.2m is achieved a good dividend can surely be expected.

[hugepants] 11/8/2008 10:27

Yep this is looking pretty good now. H2 operating profit for final results announced in July 07-08 was £0.6M. If thats continuing into this year then we could easily be looking at £1.2M pre-tax profit for this year.

[egoi] 11/8/2008 09:05

Almost all the market cap now in cash!

There have been no significant changes in the trading or position of the Company over the period since the publication of its report and accounts for the year ended 31 March 2008 on 30 June 2008 other than a significant improvement of cash balances to in excess of £3M as at 31 July 2008. This improvement is due to payments received from clients which has resulted in the conversion of trade debtors to cash.

Results are in line with the board's expectations and show an improvement over the same quarter for last year, with an operating profit being achieved in the first quarter.

[egoi] 05/8/2008 10:13

Picked up some more today. 9 degrees yes rather ambiguous, but to be extending the deal with Capita takes away another risk factor. The fear was it might have gone the other way but clearly that isn't the case, strengthening the bull case here yet further imho.

Any other deals would now just be a bonus.

Hope Josh is enjoying his placement. If he'd bought at 24p before he went he'd have had something nice to come back to. Yet still we see it trade below tangible assets with no debt and profitable!

[9degrees] 29/7/2008 09:33

Is it the purchase order or the umbrella contract that is £2.6m? Ambiguous ?

[egoi] 29/7/2008 08:19

Things really coming together now after recent profit, no debt and trading below tangible assets. Upward revaluation should not be long delayed imho.

[hugepants] 29/7/2008 07:08

Contract news

[9degrees] 08/7/2008 13:51

egoi
They have held this cash for years so are unlikely to hand it out -it is their cushion and earns interest of £120k pa before tax- they dont do any acquiring either except for stock purchases.

[egoi] 01/7/2008 10:58

It's almost 'sore thumb' territory that they've made a profit and this time not paid a dividend. It feels rather odd. I suppose they might have an acquisition in mind, but it makes me wonder if, more likely imho, they are considering a cashback to shareholders.

[egoi] 01/7/2008 07:16

Back in at 33.6p

from a loss to a profit of 2.99p per share. NAV 38.66p per share.
So the product suite is valued at less than zero, they own a property have cash of 22p a share, no gearing and outlook suggests new product development recently completed looks likely to produce significant new business.

Oh and nice chart.

Shouldn't be too hard this time, even for Josh! -:)

[hugepants] 01/7/2008 07:01

Yes very good results.


Ironic their business is starting to improve just as the economy slows down. I read recently the pensions and insurance industries arent affected by slowdowns the general economy.