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TRD Triad Group Plc

238.00
2.00 (0.85%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  2.00 0.85% 238.00 236.00 240.00 240.00 238.00 238.00 10,821 16:24:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 14.86M -44k -0.0027 -881.48 39.5M
Triad Group Plc is listed in the Computer Related Svcs sector of the London Stock Exchange with ticker TRD. The last closing price for Triad was 236p. Over the last year, Triad shares have traded in a share price range of 102.50p to 244.00p.

Triad currently has 16,594,781 shares in issue. The market capitalisation of Triad is £39.50 million. Triad has a price to earnings ratio (PE ratio) of -881.48.

Triad Share Discussion Threads

Showing 3126 to 3148 of 11250 messages
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DateSubjectAuthorDiscuss
14/6/2020
10:55
I've been automating account information into a database.
One of the things I'm measuring is:

Net Asset Value per Share....

In Triads last account s(2019) the NAV was 36.01p - thats more than the current share price.

Is it usual for a share price to be BELOW the NAV?

(a normal company like Tesco has a NAV per share between 1/2 or 1/3 of the share price - so I'm guessing on any reasonable news its possible TRIAD could rise fast - using NAV per share as key and Tescos , Triad should be trading at about £1 a share)

Cheers Net

netcurtains
12/6/2020
15:00
lol - alas I doubt the results will set the world on fire - as long as they are not dire I will be more relaxed.....
netcurtains
12/6/2020
14:53
And now it's the last 36 mins, I cant cope with the excitement.
owenski
12/6/2020
14:37
Last hour before possible results on MONDAY....
netcurtains
11/6/2020
09:36
Interesting that the MACD is turning up
owenski
11/6/2020
09:32
Another buy £100 - ..... I'm not complaining..
netcurtains
11/6/2020
08:52
owenski - An IT consultant spending £1k possible two working days before results is a possibility. I would have thought even a £500 buy just before results is note worthy as a clue. Obviously I'm guessing. But a small buy before results is better than a sell. Its like 1-2% extra chance that the results are OK.
netcurtains
11/6/2020
08:12
"Pre results buy"......... 1k's worth, get real.
owenski
11/6/2020
07:07
Another pre-results buy just popped up....
netcurtains
10/6/2020
18:55
Since 20th May Market has been about £23,000 buy and £12,000 sell.
Results probably next week.
The buy trades (by individual sizes) are significantly larger.

netcurtains
10/6/2020
12:41
Oh and another buy pops up...
netcurtains
10/6/2020
10:55
Nice to see a buy before results (I'm guessing on Monday)
netcurtains
08/6/2020
10:03
Netcurtains: "I take it you're here for the dividend and the hope that the share will not fall further after ex-dividend…"


The Company valuation is very cheap. And there's a decent underpinning of net cash and overall tangible asset value. Provided they don't make a painful loss, the share price isn't going to go down very far. If they surprise on the upside, there's likely to be considerable share price appreciation.

The likelihood is that trading, if not now, will improve at some point. Meanwhile I'm happy to wait.

From experience, I believe it's best to buy companies when they are unprofitable and therefore cheap. Anyone looking at Triad knows that trading is choppy.

cjohn
08/6/2020
09:31
If you look at the results of SOFTCAT it is possible that TRIAD might do a bit better than we think (not sure though)... But with ball park £4m in bank and market cap of about £5m then you get to see that this could DOUBLE in price if Triad get anywhere near breaking even...

From softcat's Trading Update on 26th May:

Softcat plc
Q3 2020 trading update

Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure products and services, today releases a trading update for the quarter ended 30 April 2020 ("the Period").

The Company has traded satisfactorily during the period and delivered growth in revenue, gross profit and operating profit. Cash receipts from customers have remained broadly in line with normal trends.

There remains a high degree of uncertainty in the coming months and Softcat is not immune to the challenges faced by the wider economy. However, we have moved seamlessly to a remote working model and the Board is encouraged by the resilience of the business thus far.

netcurtains
04/6/2020
15:22
Well results sooooon.
I take it you're here for the dividend and the hope that the share will not fall further after ex-dividend...
Or other alternative, you're here for recovery play ?
Its just a matter of time before Triad land another profitable government order like last time... These things are cyclical ....

netcurtains
03/6/2020
10:43
As for the update on future trading at the half-year results, they do seem to have been moving forward on a series of new initiatives.

But COVID will undoubtedly have had a negative impact on business. I'm certainly expecting another loss.

But as I said before, I didn't buy in either because of the new initiatives, or because I hoped current trading was profitable. So I'm not holding my breath.

cjohn
03/6/2020
10:37
Hi Melton John,

Sorry not to reply sooner.

You said this, "The first I've answered myself. The changes in working capital ( late payables and late receivables) shown on the statement of cash flows on p6 total about £1M but won't obviously reduce to zero. There'll always be working capital. Maybe why the financial director left for letting customers get away with unpaid bills, quite a jump between year end march 2019 and H1 sept 2019."



So both receivables and payables were down.

In the case of receivables we know that £1m of overdue debts were paid after the period end.

In the case of payables, they are not late. (They are down, remember.) If anything TRD has accelerated its usual rate of payment. This is sometimes done to obtain better terms from the relevant creditor(s). But it may be that a big payment has just fallen within the six month period.

I doubt whether the resignation of the FD is linked to the late payment of debts. With a small company like this, there can be quite marked shifts in levels of receivables, just on the basis of one or two contracts.

You'd need to see a repeated pattern of poor debt collection before you could conclude that.

cjohn
02/6/2020
12:55
Pretty nerve wracking waiting for results... Will it be thumbs down (as expected) or thumbs up (surprise).... No idea at all.... Absolutely none.
netcurtains
28/5/2020
15:20
MJ: Re: FD: There is a long story on this thread (if you go back a bit). No one here wants to raise it again but if you go back a bit you will find it - its nothing wrong in the sense you mean.
Second half might to be better than first half as potentially new contracts coming through (there can be a low point when contracts end and new ones not yet started).

If you read the last statement it says this:
It is a mark of the robustness and resilience of the Group that we have succeeded in delivering the results we have, and we continue to work tirelessly to develop new opportunities that will replace concluded projects.

So if the sales reps have done a good job its quite possible second half might include some won orders (they never announce beforehand if they win anything, we have to find out when report comes out)...But its quite possible last half was bottom of a cycle - but of course not certain ... We'll find out soon

netcurtains
28/5/2020
13:54
Hi CJohn,
Looking back, a couple of queries.
The first I've answered myself. The changes in working capital ( late payables and late receivables) shown on the statement of cash flows on p6 total about £1M but won't obviously reduce to zero. There'll always be working capital. Maybe why the financial director left for letting customers get away with unpaid bills, quite a jump between year end march 2019 and H1 sept 2019.

Net is saying H2 might be better than H1. Certainly no evidence in year ended 2019 to that effect as shown for comparison in the interim statement.

melton john
28/5/2020
10:41
PS CJohn, for example, if the £1M was late payment then it will appear in the second half so the second half will have the extra one million in it. Thats a lot of money to a company just valued at £5m

I'm at least taking a gap year, see how it goes. Plenty of work around (about 350 java jobs posted in the last week on jobserve):

netcurtains
28/5/2020
10:39
Hi, Net Curtains,

Yes, a moderate loss would not affect the investment case here. I think you laid out reasons to believe that the business might be more resistant than most to COVID. And, if they surprise on the upside, the share will fly.

I took your prediction of a FY profit as indicative of your optimistic disposition - I wish some of that could rub off on me.



PS Are you retiring soon?

cjohn
28/5/2020
09:49
Ok, Melton, you may be right, that it's got a way to fall. I'm really poor at predicting short-term movements.

Also we can't rule out a serious falling away in trading. But I'd guess the nature of its business - at a distance - means that it's likely to be more resistant to COVID than many other companies.

cjohn
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