Total Systems Share Discussion Threads

[rainmaker] 04/10/2009 16:10

Hate to be cynical but share buybacks increase the boards percentage shareholding so if they do decide to take the Company private then it will cost them less.

regards

[rainmaker] 04/10/2009 16:07

With TTS, I feel it's a question of trusting the Board on this one.I would say you have to trust the Board that they aren't going to delist.If they decide to then a whole load of shareholders holding this share in CTF etc will simultaneously head for the exit and we'll be trading at 5p.

However share buy backs are a great way of returning value to shareholders, tax wise, particularly IF they are going to be making money in the future as special dividends would incur tax. Because they are purchasing shares at less than their net assets value it will boost net asset value per share AND earnings and dividends per share if they are able to declare a profit and pay a dividend.

regards

[liarspoker] 29/9/2009 08:11

Tried for 7,000 at 28p this AM but MM's want 30p. No chance that I'll pay that.

Ps: NAR is a similar share - trading for less than cash and no debt. Goes ex divi start of December. Take a look at its balance sheet.

[rossco] 29/9/2009 07:38

I wasn't aware that the company was planning to embark on a share buy back program. At least the company has the cash to buy back shares.

[liarspoker] 28/9/2009 18:57

Well inside the spread for 60,000 shares....hhhmmmm.

Edit: Purchased under mid price actually.

[hugepants] 28/9/2009 18:09

Another 60,000 shares purchased by the company.

RNS Number : 7945Z Total Systems PLC 28 September 2009

28 September 2009

Total Systems plc (the 'Company')

Transaction in own shares

The Company announces that on the 28 September 2009 it purchased 60,000 ordinary shares of 5p each in the Company ('Ordinary Shares') at a price of 25.667 pence per share. These shares will be held in Treasury. This purchase equates to approximately 0.57 per cent of the Company's issued share capital.

Following the purchase, the Company holds 85,000 of its Ordinary Shares in Treasury and has a total of 10,434,553 Ordinary Shares with voting rights (excluding shares held in Treasury) in issue.

For further information please contact
Terence Bourne, Chairman, Total Systems plc 020 7294 4888
Granville Harris, Finance Director, Total Systems plc 020 7294 4888

This information is provided by RNS The company news service from the London Stock Exchange

[liarspoker] 27/9/2009 10:26

JCR isn't a net working cap stock egoi which is what I'm looking for ( with working cap adjustments to give me a greater margin of safety ). Lack of cash at JCR too. I prefer NAR. :O)

[egoi] 27/9/2009 10:22

Liars, a few of us have tried the value angle with this one! One day, but only maybe! re nar, i marginally prefer jcr of the two, but not a lot in it, both should do ok, though not currently in them. JCR has much the stronger management of the two in my opinion and in this sort of market, (and strong cashflow), that counts for a lot!

[liarspoker] 27/9/2009 10:04

This one looks right up my value alley - very cheap compared to assets.

Huge spread though so will stay clear unfortunately.

Have a look at NAR - same type of share, selling at less than cash but paying a divi. Selling at good discount to net working cap too and has tangible fixed assets. Director took pay cut etc etc.

[egoi] 18/9/2009 09:56

Frequently. I like it for sure, but for now funds are fully invested, if anything this side of Xmas I might need to ease a couple of positions.

If you want 'totally' cheap, tiny Argyll on plus-Quoted imho. however liquidity is the issue. I have 1% or so but took advantage of a ridiculous share price glitch, though at 3p the market cap is still only about 1/3 of assets, which are mostly in cash. long term debt is 6 grand and there's only 30k of tangibles to write down now, which might not even need writing down from here.

[davidosh] 18/9/2009 09:49

I do....that is what worried me ! You clearly enjoy a bit of humour and banter.

Have you had a look at MUBL btw ?

[egoi] 18/9/2009 09:43

Gimme some credit! -:)

[davidosh] 18/9/2009 09:41

NXS....thats a laugh ! You are not a holder there are you ?

[egoi] 18/9/2009 09:17

If you want a real belly laugh go to the NXS thread from post 5878 onwards (it won't take long!); bear in mind 5878 was part of an actual RNS

It's good! -:)

[egoi] 18/9/2009 08:36

Lol I was trying to be tongue in cheek, as no doubt you were s the price i got wasnt so much diferent from the current

[davidosh] 18/9/2009 08:29

Errrr I suspect the other way round ! I was the one pointing that out here to you months ago.

Furthermore you are the lucky one and jumped out when presumably agreeing with me.

[egoi] 18/9/2009 08:26

Did davidosh read it then make his vaalue trap comment one wonders.........

[hugepants] 17/9/2009 12:13

Good sign. Transaction in own shares


But given 83,000 were sold at 13p and TTS had to pay 24p for 25,000, the middlemen are making a packet. Best to phone TTS directly if you want to sell?

[hugepants] 16/9/2009 14:57

someone sold 83,000 at 13p

[davidosh] 16/9/2009 13:03

The problem is.....shareholders never get to see any cash even if it is there.....no dividend for years and no value extracted from the property either. This is a value trap IMO until the company shows non lumpy growth and has the confidence or inclination to pay a decent dividend.

[amt] 16/9/2009 12:59

Worth a lot less than its cash so actually valued at minus. Cash is currently about 30p per share. DYOR.

[davidosh] 16/9/2009 12:58

What are the benefits of the listing ? Have they ever raised funds via the market ?

That said if they announce a delisting then the shares will trade at 8p as MMs will know lots will just exeit before the move.

[hugepants] 16/9/2009 12:08

Its impossible to make any assumptions because the shares are so illiquid. I was looking at the accounts last night and as well as Terry Bourne who has about 50% there is now another guy on the board who has about 25%. And then there are another couple of Bournes with over 3% each! The shares are pretty much untradeable due to the illiquidity.

[essentialinvestor] 16/9/2009 10:25

I remember this at 16 pence in the mid 1990's, 2009 and the same price.

Words will not do justice to what I think in this case, so its
"silence is golden", from me.