Share Name Share Symbol Market Type Share ISIN Share Description
Triad Group Plc LSE:TRD London Ordinary Share GB0009035741 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 35.50 33.00 38.00 35.50 35.50 35.50 35 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 22.7 1.0 5.6 6.3 6

Triad Share Discussion Threads

Showing 2851 to 2874 of 3100 messages
Chat Pages: 124  123  122  121  120  119  118  117  116  115  114  113  Older
DateSubjectAuthorDiscuss
15/4/2019
08:05
A 2p final dividend would represent a 100% increase on 2018’s payout. A 2p final dividend would make 3p for the year = 7.5% yield. A 2p final dividend would cost less than 10% of current cash pile, maybe nearer 8% Question is how surplus is the cash pile? We need to know that 2019 business did not fall off badly in H2 following the H1 interim report which highlighted intense competition and a falling off of some government business. The upside was continuing improvement in gross margins. I did not read the interim report as all that bad but it was released in November 2018, at the height of a general market bear dump in all small stocks that spanned October to December inclusive. Add in the slightly mysterious (to the market at any rate) closing paragraphs in the last two results RNS’s about a rogue shareholder and legal threats associated with that and it is no wonder a jittery small cap market sold TRD off aggressively. Now we have a solidly trading company that (subject to confirmation of no major decline in H2) is valued on an ex-cash PE ratio basis of perhaps 3 times earnings and a dividend yield that could be 7% with headroom to increase that dividend.
bones
15/4/2019
07:44
I would think a very high percentage of current investors in Triad would use the dividends to actually buy more Triad shares due to its artificially low share price at the moment. Potentially a good reason for the company to give a larger than usual dividend this time round. But I agree having a reasonable cash pile is a good place to be in this day and age.
brendainvesta
14/4/2019
16:56
I understand why holders might desire a return of some of the cash but with all the uncertainty and economic movement that might come from brexit isn't the cash buffer part of the attraction here at this time? Just for now? G.
garth
13/4/2019
11:59
They should certainly do something useful with that cash pile, either use it for a complementary acquisition or return some of it to shareholders imo.
arthur_lame_stocks
13/4/2019
10:57
No one is, as far as I know, off charge. All guns are firing!
netcurtains
12/4/2019
18:26
I agree with that sentiment. Have a good weekend!
bones
12/4/2019
18:02
I hate it when you know you have read something, but can't reference it! Bane of my life. I think it definitely was a general issue with some public sector bodies in the past, e.g. hTTps://www.thisismoney.co.uk/money/smallbusiness/article-3424540/Public-sector-slower-payer-invoices-country-s-biggest-businesses-reveals-research.html Just don't think it is an ongoing concern with TRD today, since the WC days are fairly stable, and they are so well capitalised. They shouldn't be able to use it as a reason for holding onto the cash.
dangersimpson2
12/4/2019
15:47
Dangersimpson2, in my detailed researches when first investing here, I saw a reference from the company to the tendency for debtors in the government or public arena to take time to be paid (which did not surprise me). I have had a quick skim through the last two years’ results announcements and confess I cannot see that reference there, but I know I came across it somewhere. However, as I cannot now lay my hands on the source, please take it as not proven! They did have a couple of large delays in 2017 which were not regarded as potentially bad and they did get paid. Generally, bad debts seem to be relatively small (£45k in y/e Mar18; £33k Mar17), which only removed a thin slice of pre-tax profit. As you say, let’s see the money.
bones
12/4/2019
14:35
bones, Do you have a source for this assertion: I think their one ongoing operating issue is the time it takes for government bodies to pay their bills to Triad. DSR has typically been around 50-60 days, and towards the bottom of that range in the last HY. I don't really see any evidence there that the government is particularly slow to pay, these would seem to be very normal figures and I doubt government departments would pay faster at Y/E to help them window dress the accounts. There is always a difference between DSR and DSP with this sort of business as they will pay permanent staff monthly, but be paid on longer terms. DSP has typically been in 35-45 days range. They have a little bit of scope to delay paying suppliers, but given that these are mainly their contract staff I doubt they would want to do so. Again I would expect minimal window dressing. If they are growing rapidly then this can suck in working capital due to the difference in DSR & DSP, but I doubt this will happen anytime soon in the current environment. Since the cash keeps piling up, and doesn't seem to be needed for WC any time soon, I really think they need to have a strategy to return it to shareholders - dividend, buyback, tender offer, I really don't care. But simply sitting on it has gone on too long.
dangersimpson2
12/4/2019
14:13
Garth Gross margin has been increasing: htTps://uk.advfn.com/stock-market/london/triad-group-TRD/share-news/Triad-Group-Plc-Half-year-Report/78761664 Moving to perms from contractors is the way it is going due to likely change to contractor tax laws from 2020. Employees are cheaper than contractors as a trade off for employment security and NIC costs for company come into play. Triad’s vacancy list is long and suggests they are likely busy and using their staff to the max (assumption on my part). We cannot know for sure if the strategy is paying off but the company is priced for mediocrity given its cash is more than half the M Cap. Those are my basic reasons for investing here at any rate. I have done tons more digging though so I am not advising anything here!
bones
12/4/2019
13:46
Having a look at this for the first time. How concerned are we that the step of taking on more permanent consultants against declining revenue and a competitive market place might go wrong and hit margins? "Outlook The market remains intensely competitive and, against a backdrop of political and economic uncertainty, the Group remains focused on generating profit and cash. The transition from a business heavily dependent on contractors to one which is consultant-led continues. The plan is to recruit more permanent consultants and to maintain high levels of utilisation and to use our integrated resourcing capabilities to augment our teams with carefully selected associates and contractors." Its only OK if high utilisation is actually achieved... G.
garth
12/4/2019
12:55
Given the maelstrom of Parliamentary activity in the areas of “whipping” and “voting” in recent weeks, I hope Triad’s solutions were up to the task :)) htTps://www.triad.co.uk/case-studies/key-government-department/ I hope Triad are paid by the vote.....
bones
12/4/2019
12:11
Agreed, that way you are not often disappointed.
brendainvesta
12/4/2019
12:06
Indeed, although I was thinking about recent months where it seems the whole of government back offices have been consumed with Brexit related issues. Anyway, we will see what the results look like. If the business has ticked up a bit since the downbeat interims, I would expect a trading update soon but, if it has been a bit lacklustre, maybe we will hear nothing until the finals are released in June. In my investing world, I find it pays to adopt a cynical view of management’s intentions until proven otherwise.
bones
12/4/2019
11:38
I think something was mentioned at the AGM that Gov. is just slow at paying, no real external cause just a historic one. After all You don’t work for Gov. if you are the sharpest tool in the box, do you.
brendainvesta
12/4/2019
11:33
Well maybe not sit on all of it, the faithful shareholders should be rewarded with a bumper dividend of course.
brendainvesta
12/4/2019
11:15
I think the final dividend should be a minimum of 2p. If they continue to accrue cash in their day to day business, then this is easily affordable. I think their one ongoing operating issue is the time it takes for government bodies to pay their bills to Triad. I wonder if the Brexit fracture has messed with the workings of inner government’s finances? Let’s hope not!
bones
12/4/2019
11:01
Yes, am also waiting with baited breath for he results. But I am happy if the company just sits on the cash it puts them in a secure place in a very chaotic world.
brendainvesta
12/4/2019
10:12
Thanks for your observations, Brendainvesta. Like Arthur, I look forward to seeing how trading is faring and how the company uses its surplus cash.
bones
12/4/2019
10:00
FWIW I also had a small top up here a while ago. We may have to wait for results to see whether trading is holding up or not but if it is these are immense value.
arthur_lame_stocks
12/4/2019
09:28
Flushed? It has been rammed down with an industrial toilet brush. Any more lies from her and she will end up in the clink. We will not be hearing any more of her lies directly from her or via her minions on this or any other public forum. IMHO this is now an opportunity to acquire shares at a depressed price with the cause of the price drop proven to be fiction in the High Court. This is where research pays off, I have been topping up since Triad Group and its Directors we’re all totally vindicated and compensated in the HC.
brendainvesta
12/4/2019
08:59
Has the poison pill been flushed down the pipe though? Will this remain a hinderance to future dealings?
bones
12/4/2019
08:22
Word of the day “Top-up”, yes even on a Friday.
brendainvesta
12/4/2019
08:19
Bones, I think they have just got rid of the troublesome lies from that shareholder. The high court case would of been for that reason. This new beautiful silence creates the foundation for increasing the SP, attracting new investors and hopefully gaining a new institution investor or two. This is now a new start.
brendainvesta
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