Tracsis Share Discussion Threads

[buffetteer] 18/6/2013 16:17

I guess no-one will care about dilution if the eps grows 10% +

[kalkanite] 18/6/2013 12:14

Glad it's not just me thinking that they should be using some of that cash to purchase those shares.
Looks good for management with growing cash but is flattered by the share issuances. Not necessary in my opinion as management otherwise doing a great job.

[apad] 18/6/2013 09:50

1.56% increase in shares since the turn of the year.
0.4% divvy.

Harsh, moi!

apad

[stewy_18] 18/6/2013 09:21

A little harsh APAD, or am I being too sensitive? I don't see them as a company that dilutes their shareholders excessively, in fact their corporate governance is one of the reasons I am invested. 9000 shares is not going to cause massive dilution.

More concerned about the eps figure for this year TBH.

[apad] 18/6/2013 08:40

Still printing shares enthusiastically :-(
apad

[stewy_18] 16/6/2013 19:31

hxxp://www.ifamagazine.com/news/tracsis-stays-on-track-despite-order-delays/

[sparkymoc] 15/6/2013 03:29

It was a good report,numbers are good with some nice opportunities for positive trading updates on the horizon. PE is fine. Generally PE ratings have expanded this year but this one has lagged, leaving nice potential

[buffetteer] 14/6/2013 15:23

I ,for one,would be disappointed if earnings to 7/13 are only 10.5p.
They made almost 10p last year & interim profits are up over 50%.
There is also 24p of cash which (when extracted) puts them on probably 10-12x.
Too cheap for a business growing at this speed unless Im missing something.
Any other views ?

[anumidium] 14/6/2013 12:15

I make the trailing twelve month P/E 14 or 12 after netting off the cash. That is 11.5p EPS based on shares in issue today.

Elimination of surplus overheads will presumably have resulted in some "exceptional" restructuring costs hence they refer to underlying profits. Maybe this is reflected in the WH Ireland forecast?

[stewy_18] 14/6/2013 09:56

Gents,

Interesting comments. My predictions for this years EPS was 13.6 pence so looks like I was way out with my calculations. Especially because in the RNS they say "underlying profits are in line with previous market expectations".

I am excited about this RNS given the nature of what they were saying regarding MPEC. My analysis of it is posted here:-


I think we are at the beginning of the growth curve, so it is interesting to get contrairian views. Agree the price maybe a little bit toppy if eps is set for 10.3p. However, if we get any more news about new MPEC sales (Scandanavian pilot and 'next phase of a significant framework agreement'), I think there is a lot of upside from here.

All IMO

Comment welcome

Regards

Stuart

[whites10] 14/6/2013 09:50

I was bit 50/50 on this - but in the end decided to sell. A rather lacklustre statement today and although this is a very good company, it's not without risk and I will try my luck elsewhere.

[pj 1] 14/6/2013 08:28

Also on the sidelines although imo there is the possibility of news ref European market which could shoot this up

[marlint111] 14/6/2013 08:25

Rivaldo. I sold about a few months ago too after holding for around two years. Simply felt that the period of really rapid growth was over (at least for now), and the share price was pricing in too much growth, at a high multiple for what is still quite a small company.

I do love Tracsis though- I think they're a well run company, consistently profitable, good barriers to entry, and have a good track record (pun not intentional) of making good value acquisitions.

Just waiting for a better re-entry point

[rivaldo] 14/6/2013 08:22

Marlin, WH Ireland this morning reduced their forecast for this year to 10.3p EPS. Next year they go for 11.1p EPS. Their target price is 187p.

This is mainly due to a miss/lack of a large order in Condition Monitoring in the current period.

TRCS has had a good run, but I'll stay watching on the sidelines for the moment given a current year P/E of 15.8 which only falls to 14.7 next year (though I note TRCS' net cash). It just seems to me that TRCS may be in for a period of staleness/drift on a reasonably chunky rating, though that could change of course at any time with a large order or another acquisition.

[marlint111] 14/6/2013 08:05

Anyone have any idea what market expectations for EPS/Profit are? Can't find anything out there!

[jonnyno1] 14/6/2013 07:00

solid update, good to hear skyhigh is integrating well.

j.

[tudes100] 13/6/2013 13:09

Hope you're right cestnous

[cestnous] 13/6/2013 11:53

Should bounce around this point Tudes. It's just the market generally imo and not stock specific. I would be somewhat coincerned if it dropped heavily from here. Strong support around 160.

[tudes100] 13/6/2013 11:08

anyone know whats going on here ?

[cestnous] 21/5/2013 08:23

Second up day in a row. Chart breakout coming here?

[tudes100] 16/5/2013 13:08

there was a trading statement end of April last year so why no update this year ?

[pj 1] 05/5/2013 14:05

Finals end October unless an unplanned Trading statement is issued

[fruitninja84] 04/5/2013 17:47

Can anyone tell me when the next trading statement is due?

[canteatvalue] 25/4/2013 10:55

Small Cap Company of the year - fairly deserved I feel :)

[canteatvalue] 22/4/2013 12:25

Hmm, not sure, the sum is pretty close to £7500 so maybe it was a purchase but of an amount rather than a specific number of shares? I do the same thing and always buy an amount in pounds rather than decide on a number of shares.