Triad Share Discussion Threads

[sunshine today] 18/12/2020 07:19

The valuation currently placed on TRD is unbelievable cheap. If you deduct the balance sheet cash it’s about £3.7M for a company in profit.

Investors need to understand that STRAITS ( Market cap $57M ) has a target of being the number 3 after Bitcoin and Eth.

Stratis have developed THE ONLY BLOCKCHAIN PLATFORM ON C# to date , the most commonly used programming language.

It has been developed in that language to enable its rapid adoption, within existing computing systems, that the vast majority of programmers understand.

STRATIS approached TRD a year ago because of their technical experience and contacts within the public, and private sector.

[netcurtains] 17/12/2020 18:35

Thanks for this new thread.
Interesting for sure.
There are currently block chain jobs on jobserve
that Triad Consultants could easily do


This is Triads webpage concerning block chain:


They can do the Java ones too - they have expertise in both:

[sunshine today] 17/12/2020 18:30

CryptoPharaoh
1 day ago
Question from the discord:
How is the collaboration with GLUON and Triad doing?



Stratisplatform
1 day ago
Stratis remains in close contact with both Gluon and Triad offering our services as and when required. Meetings have already been arranged for the new year to establish goals for the upcoming year.
We will be working much closer with Triad in 2021 as we assist them in helping their customers deploy use cases on the blockchain.

[sunshine today] 17/12/2020 18:24

This is from stratis platform CEO yesterday

ronbo69

1 day ago

I understand that you have do not disclose agreements with companies so can't talk about that but can you tell us specifically the number of companies you have DND's with?


Stratisplatform

1 day ago

What we can say is that through our own business development and use cases deployed by our partners such as Triad. We expect the adoption of the Stratis platform to increase exponentially, problems with NDA's will be a thing of the past as our technology is ready and anyone is free to build on top of it, free of cost with support from Stra

[sunshine today] 17/12/2020 18:03

It should be noted that after the agreement was signed in January 2020, the directors purchased shares in the company in February 2020.

That I believe, shows their confidence on the pathway ahead.

[sunshine today] 17/12/2020 17:55

The business model is not the same as TRD”S traditional income, that comes from various contracts and hiring staff to clients by the hour or job.

Blockchain as a service has huge advantages in that margins should be C : 95%, cash is often upfront , revenues will be recurring and the city rates those companies at extremely high multiples.

[sunshine today] 17/12/2020 17:48

Link to my new TRD blockchain thread.

[sunshine today] 17/12/2020 17:19

A few hours spent here and you should have a good grounding.

STRATIS GROUP LTD is the parent company, the coins investors buy, are a separate identity.

STRATIS GROUP LTD is a “blockchain as a service company”

Example but remove the word software and replace with Blockchain



Software as a Service (SaaS

Software as a service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet. SaaS is one of three main categories of cloud computing, alongside infrastructure as a service and platform as a service (IaaS and PaaS).

SaaS is closely related to the application service provider (ASP) and on demand computing software delivery models. The hosted application management model of SaaS is similar to ASP, where the provider hosts the customer’s software and delivers it to approved end users over the internet.

[sunshine today] 17/12/2020 17:13

BLOCKCHAIN :

WITHOUT THE CONSTANT VOLATILITY OF A COIN OR TOKEN.




This thread is to discuss just one part of the consultancy business.

To date, investors have not discussed this topic, in any detail, on the ongoing thread.

I personally believe, the company as a whole, is grossly undervalued even without, its framework agreement with blockchain , STRATIS GROUP LTD.

As of today TRD has an insane Market Cap of under £8M of which half (£4M ) is cash.

I am of the view the Agreement will result in large ongoing profits for TRD.

Not only do you get a premium listing on the LSE, you also have the other parts of the TRD business that could easily be making £2M a year profits by themselves as early as , full year 2021. This is based on the 2020 interim outlook statement,( bullish ) increased margin, a huge increase in fee earners, past performance ,and the efficiency gains of permanent staff ,working from home.

TRD has never issued new shares in the last 23 years, bar a few options.

It’s not an official forecast it’s mine. It should not be relied on.

Cost 40P



I want to share my personal thoughts on the possible profits and growth rates of TRD over the next few years.

I will break it down into 2 camps.

The first consists of the traditional ongoing business.

The second, revenues from TRD partnership with Stratis. ( This is also split into implementation and BAAS profit )

The next reporting period is up to 31/03/21

Since the company broke even in the first half, and was upbeat about the second half, I will pencil in £500,000, all from the traditional business.

Total 2020/1 profits £500,000

Full year 21/22. £1.5M Traditional business : Growth rate of 200%

Full year 21/22 £ .5M Blockchain (50% BAAS). No previous income


Total 2021/22 profits £2M



Full year 22/23. £2.2M Traditional business : Growth rate 40%

Full year 22/23. £2.5M Blockchain (50% BAAS) : Growth rate 400%

Total 22/23 profits £4.7M


Full year 23/24. £3.M Traditional business. :Growth rate 35%

Full year 23/24. £10M. Blockchain (50% BAAS). : Growth rate 300%

Total 23/24 profits 13M




ADDED 21 April 2021, as we await full year results in June 21.

If, By Example, TRD achieved my £500,000 profit forecast, last year, and they go onto make £2M this year, (as I also predict. :)

Market cap after cash deduction is £16M today.

On £500,000 profit PE would now be 32.

On a prospective PE for the current year that would fall to a PE of just 8, and under 4 the following year, 23/24.

TRD”S competition in some cases now trade on a PE over 100, on an historic basis, as investors rate them extremely highly.

In plain English that”s £100M of market cap per £1M of profit.

Thus, an absolute maximum target value of TRD next year, after declaring £2M profit would be £200M.

That’s 13 times today’s share price.

Assuming TRD only achieve a rating of half that or 6.5 times today’s share price.

Assuming TRD only achieve a rating of one quarter or 3.25 today’s share price.

Assuming TRD only achieve a rating one tenth or 1.6 times today’s share price.


One can observe from above , it’s not massive profits that are required, at this junction, it’s TRD”S potential to grow profits year on year at my predicted rates of
300%, in 21/2 falling towards 100%, year on year for the next 3 years


This agreement :

Triad Group Plc Framework Partnership with Stratis Group Ltd

09/01/2020 7:00am
RNS Non-Regulatory

TIDMTRD

Triad Group Plc

09 January 2020

RNS Reach

9 January 2020

Triad Group Plc

Triad Group enters framework partnership with Stratis to build enterprise blockchain-based applications

Leading digital solutions consultancy Triad to collaborate with Microsoft-based blockchain platform Stratis

Triad Group Plc ("Triad"), a leading UK provider of IT consultancy services and technology solutions, has entered into a framework partnership with Stratis Group Ltd ("Stratis"), an enterprise blockchain technology company, to deliver blockchain-based solutions to businesses and organisations.

Under the partnership, Stratis will help identify where blockchain is the best placed technology to resolve Triad's clients' business problems. The two companies will then collaborate to develop, deploy and market blockchain applications to help businesses improve operational processes, enhance security and reduce costs to unlock ROI.

The first project between the two companies will be the development of a blockchain-based parcel tracking application. An existing parcel tracking blockchain application designed by Triad will be ported to the Stratis Platform to run using Stratis Smart Contracts. By implementing smart contracts, businesses can automate the verification and execution of agreements between parties without the need for an intermediary.

Triad has a thirty-year track record of working with businesses, governments and third-sector organisations. It has selected Stratis because its platform runs smart contracts written in the widely used C# programming language on Microsoft's .NET core framework. As a market-leading Microsoft systems integrator, Triad will be able to easily build applications on the Stratis Platform using a system already familiar to their developers.

Chris Trew, CEO of Stratis Group Ltd, said: "Our partnership with Triad is a game-changer when it comes to opening up Microsoft-based blockchain applications to businesses. By working together, we will make it easier than ever for companies to access the benefits of blockchain and build business-specific applications on a flexible, easy-to-use platform. In the first instance, this will mean porting an existing parcel tracking application designed by Triad to the Stratis Platform so that it can run our recently launched Stratis Smart Contracts. Beyond this, we look forward to a deep and fruitful relationship with Triad by collaborating whenever we see an opportunity for blockchain to add value to their clients."

Adrian Leer, Managing Director of Triad Group Plc, commented: "We pride ourselves on finding the right technology to meet our clients' business needs. For this reason, we have been actively trialling blockchain technology to explore use cases - such as parcel tracking - where it can unlock tangible operational efficiencies. The partnership with Stratis gives us access to a highly respected and trusted partner to help formalise our blockchain offering. Where appropriate, we will now offer our clients bespoke blockchain-based solutions and work with Stratis to build these on the .NET-based Stratis Platform. Ultimately, this will speed up accessing the business value that blockchain technology can deliver."

///////////////////////////////////////////////////////////////////

03/10/2021

Update :, after half year has just ended, on 30 Sep 2021, with interims due towards the end of November 2021.

I have £2M profit projected for the full year with £800,000 in this first half and £1.2M in the second half.

Two reasons for the split , the first being the extra number of permanent staff continues to grow, the second, reflects projects that have only been gearing up in the first half, will be fully actioned in the second half.

The shares currently trade at just over the pound mark, which I believe is ridiculous for a super growth stock.

The enterprise value is under £13M, crazy, if my projections of 100% growth a year, is achieved, for the next two full year accounting periods.

The market sector trades on an average PE of 43, TRD as I write trades on 24.

That 24 is just the profit from the last years 2nd half, (the first half broke even.)

If TRD just repeated the last second half , the rolling historical PE falls to 12.

If TRD make my projected £800,000 in the first half, the PE falls to around 10.

If one deducts TRD”S cash mountain, the enterprise value comes in at £13M , and thus the real PE for the business falls about another 1/3 to just 7.

I see absolutely no reason why the company could, over the next 18 months , see it’s stock PE re rated, to the sector average of 43. If it’s growing faster than the market average, then the re rate could see a 30% plus premium, to the average.

Just hitting the sector average, = a share price of £4.30 , add another £1.00 if just the enterprise value of TRD is used.

Since I am expecting £4.7M profit next year, which could result in a PE of 60 plus, I predict a share price, not a million miles, off Ten pounds.

The Market cap would then be £163M.

//////////////////////////////////////////////////////////////////


Update 6/11/21 after interim results.

Profit for the first half £670,000 plus tax credit , total profits £850,000.

Bang on target for £2M profit for the full year, and £4.7M next year.

/////////////////////////////////////////////////////////////////

Looking towards the second half, and some of my projections.


My first calculation is potential gross margin that was 26.8% in the first half.

This has been on an increasing trend, I see no reason for that not to continue.

My forecast is 29% in the second half.


Based on that margin.

£10M turnover £2.9M gross profit Less £1.8M overhead. Profit £1.100M

£11M turnover £3.180 gross profit Less £1.9M overhead. Profit £1.280M

£12M turnover £3.470 gross profit Less £2M overhead. Profit £1.470M

£13M turnover £3.760 gross profit. Less £2.1M overhead. Profit £1.660

NOTE:

Add another £200,000 plus to all profit numbers, for tax credit, for total profit.

[amt] 17/12/2020 16:47

Thanks Sunshine.

[sunshine today] 17/12/2020 13:55

I believe the fear I had that the market could be swamped by the trustee selling into the market, can now be set aside.

[sunshine today] 17/12/2020 13:49

It appears last time round the trustee sold shares in the market to pay off the ladies debt.

The company rightly refused to accept the new owners onto the share register, hence the lady still has just short of 25%.

How the trustee has got out off the mess , I don’t know , but I assume he took out cover and it then goes to the insurance company to sort out.

I have no idea if it has been sorted 3 years on.

This time round ( same trustee company ) they know for sure how the land lies.

It can not be bad for shareholders in my view because your company ( TRD ) holds the upper hand and has the express right to do want it wants.

[amt] 17/12/2020 13:35

Please can you summarise ie is it good or bad for share price.
Thanks

[sunshine today] 17/12/2020 11:50

Read the above in conjunction with the TRD Annual report, under share registration.

[sunshine today] 17/12/2020 11:38

So, we don’t have to worry about the lady being a forced seller.

SHARP (BELL'S TRUSTEE) V. COATBRIDGE TIN-PLATE CO. (LTD)

Facts:
The articles of association of a public company provided that “the company shall always have a first and permanent lien on the shares of each member for all the debts, liabilities, and engagements to the company of such member, solely, or jointly with any other person.” … They also provided that the trustee in bankruptcy of a shareholder should be entitled to be registered as the holder of the bankrupt shareholder's shares. The Court refused an application by the trustee on the sequestrated estate of a shareholder who had incurred debt to the company in excess of the value of his shares, to have his name substituted on the list of shareholders for that of the bankrupt, holding that the company had a lien over the shares under the articles of association, that the trustee was subject thereto as the bankrupt would have been, and that the only object of the application was to endeavour to defeat the lien.

Headnote:
This was an application by Robert Sharp, iron merchant, Coatbridge, under sec. 35 of the companies Act 1862, by which he sought to have the register of the “Coatbridge Tin-plate Works (Limited)” rectified by the registration of his name therein as the holder of 248 shares of the company.

The petition was presented in the following circumstances—The petitioner had, upon 6th June 1884, been appointed trustee on the sequestrated estate of Edward Mather Bell, who prior to his sequestration had been the manager of the Coatbridge Tin-Plate Works. Bell had upon various occasions purchased shares of the company, and at the date of his sequestration 248 shares stood in his name in the register of shareholders. These shares were, in all, of the nominal value of £12,400, but were really of much less value. The 20th article of the articles of association provided that “Any person becoming interested in a share in consequence of the death or bankruptcy of any shareholder, or by any lawful means other than by transfer, in accordance with these presents, may, upon producing such evidence as the board think sufficient, either be registered himself as the holder of the share, or elect to have some person nominated by him, and approved by the board, registered as such holder, and if he shall elect to have such nominee registered, he shall grant to his nominee a transfer of the share, and until such transfer be registered, he shall not be freed from any liability in respect of the share.” The petitioner averred that he was now, as trustee, in right of the said 248 shares, and was entitled to be entered in the register of shareholders as holder thereof. He further averred that he had requested the secretary of the company to register his name as the holder of Bell's shares, but that he had declined to do so. He prayed the Court to order that the register of the company be rectified by the registration of him (petitioner) as holder of 248 shares.

Answers were lodged by the company, in which they averred that between January 1879 and January 1886 Bell had drawn and used on his own account various sums of money belonging to them, and further, that he had had various transactions in goods with them, which resulted in his being due and indebted to them at the time of his sequestration the sum of £7038, 2s. 9d. They alleged the market value of Bell's shares to be £4216, and they averred that his indebtedness to them had frequently been recognised and admitted by the petitioner, his trustee, and especially that in a claim made by them to rank on Bell's sequestrated estate for the debt of £7038, the petitioner, as trustee, had admitted their claim to the extent of £1038, but had rejected it quoad ultraquoad ultra in respect that the claimants (the respondents) held a security over a part of the estate of the bankrupt valued at the sum of £6000. The security referred to was the respondents' lien over the 248 shares held by and standing in the name of the bankrupt, and to which this petition referred.

quoad ultra

They founded on article 11 of the articles of association of the respondents' company, which provided—̶0;The company shall always have a first and permanent lien on the shares of each member for all the debts, liabilities, and engagements to the company of such member, solely or jointly, with any other person, and the company may refuse to register the transfer of any shares by any member who may then be indebted, or under any liability to the company, whether solely, or jointly with any other person on any account whatever, and the company may at any time call upon such of the shareholders who may be indebted to the company to pay such debts and engagements, and interest and expenses thereof within one month from the date of the notice thereof, and should they fail to pay the same at the time and place fixed upon in the said notice, the company may at any time thereafter absolutely sell and dispose of the shares of any member who may refuse or neglect to pay such debts, liabilities, and engagements, and whether such member be the sole or joint holder of such shares, and apply the proceeds of such sale, so far as the same will extend, in discharge or satisfaction of all debts, liabilities, or engagements from such member of the company, and upon such sale the company shall without any further or other consent from the holder

or holders of such shares, transfer the same in the books of the company to the purchaser thereof.” On 29th February 1884 the company had written to Bell calling upon him for payment of his debt to them within one month, and informing him that failing payment the company would proceed to sell and dispose of his shares, and apply the proceeds in payment of their debt under section 11 of the articles above quoted. The respondents also stated that Bell died on 24th May 1886, and that article 19 of their articles of association provided—̶0;The executors or administrators of a deceased shareholder shall be the only party recognised by the company as having any title to his share.” The respondents in these circumstances therefore objected to the order for rectification craved being granted, and they submitted that the petition should be refused, in respect the petitioner had no sufficient title or interest; all parties interested were not called; the petitioner's statements were irrelevant, and, in so far as material, were unfounded in fact, and, in any event, the petition should not be granted without payment being made, or sufficient security being given for the payment of the indebtedness of Bell to the respondents by the petitioner as representing him. In any view, they submitted that the petition should only be granted subject to such conditions as would preserve their lien, and to all pleas competent to them against Bell. Argued for petitioner—The petitioner's right to be entered on the list of shareholders was absolute. He took by transmission, and not by simple transfer. This point was settled by in re Bentham Mills Company, L.R., 11 Ch. Div. 901. The company might refuse to transfer but not to transmit. The petitioner as trustee was entitled to reconsider his deliverance if its terms were pleaded against him. The matter was in no sense res judicatares judicata. Authorities— Monkhouse M'Kinnon, January 28, 1881, 8 R. 454; Henderson v. Auld & Guild, July 6, 1872, 10 Macph. 946. Replied for respondents—The prayer of the petition could not be granted to the effect of registering the trustee without destroying the company's lien over their shares, as the petitioner, if once registered, could sell the shares in open market. In the case of in re Bentham there was only a passive lien, so it did not apply to the present case. The articles of association gave the company the right which they here claimed, and it could not be defeated, but could only be got over by payment of the debt. Authorities—Buckley on Companies Acts, p. 412; Harrison, L.R., 26 Ch. Div. p. 522; in re Lewis, 1871, L.R., Ch. App. 818; Hotchkis v. Royal Bank, 3 Pat. App. 680; Burns v. Lawrie's Trustees, July 7, 1840, 2 D. 1348. At advising—

On 29th February 1884 the company had written to Bell calling upon him for payment of his debt to them within one month, and informing him that failing payment the company would proceed to sell and dispose of his shares, and apply the proceeds in payment of their debt under section 11 of the articles above quoted.

The respondents also stated that Bell died on 24th May 1886, and that article 19 of their articles of association provided—̶0;The executors or administrators of a deceased shareholder shall be the only party recognised by the company as having any title to his share.” The respondents in these circumstances therefore objected to the order for rectification craved being granted, and they submitted that the petition should be refused, in respect the petitioner had no sufficient title or interest; all parties interested were not called; the petitioner's statements were irrelevant, and, in so far as material, were unfounded in fact, and, in any event, the petition should not be granted without payment being made, or sufficient security being given for the payment of the indebtedness of Bell to the respondents by the petitioner as representing him. In any view, they submitted that the petition should only be granted subject to such conditions as would preserve their lien, and to all pleas competent to them against Bell.

Argued for petitioner—The petitioner's right to be entered on the list of shareholders was absolute. He took by transmission, and not by simple transfer. This point was settled by

res judicata

Authorities—

Replied for respondents—The prayer of the petition could not be granted to the effect of registering the trustee without destroying the company's lien over their shares, as the petitioner, if once registered, could sell the shares in open market. In the case of

Authorities—Buckley on Companies Acts, p. 412;

At advising—

Judgment:
Lord President—Here the trustee on the estate of the bankrupt Edward Mather Bell claims to be registered on the roll of shareholders in place of the bankrupt in terms of article 20 of the company's articles of association. The petitioner produces his confirmation as trustee. The answer made by the company is, that at the date of his bankruptcy the bankrupt was indebted to them, the respondents, in a sum larger than the value of the shares held by him, the highest valuation put upon the shares held by him not being more than £6000, while his debt to the company was as much as £7000.

In these circumstances it is maintained by the company that they have a lien over the shares of the bankrupt in security for his debt to them in accordance with article 11 of the company's articles of association. By this article three things are provided—1st, That the company shall have a first and permanent lien over the shares of each member for his debts to the company; 2d, that the company may ref use to register the transfer of any shares by a member who may then be in the debt of the company; and 3d, the article provides a mode by which the lien may be worked out by notice and sale. At first the parties seem to have been pretty much of one mind, and the lien claimed by the company was then recognised by the trustees. But having changed his mind, or acting on other advice, the trustee presents the present petition for an order that he shall be registered on the company's roll of shareholders as holding the shares originally held by the bankrupt. The petitioner further says that he is no ordinary transferee to be refused at the discretion of the company, but that having become entitled to the shares in virtue of a bankruptcy the company must register him as a shareholder. But if the lien of the company is good it can be of no service to the trustee to be registered as a shareholder, because he is subject to the same lien as the bankrupt formerly was.

In terms of article 11 of the articles of association the company in February 1884 gave notice to the bankrupt prior to his bankruptcy that failing payment of his debt they would proceed to exercise their rights under that article, and therefore they can now sell his shares if their lien is good. The question therefore comes to be, whether the lien is good, and I think it is. Such a lien is in accord with the law laid down in the case of

supra cit

I come to the conclusion therefore that the company have a good lien, and are entitled to retain the shares. The trustee can have no object in being registered except to defeat that lien, and as it is indefeasible he cannot be registered.

Lord Mure—I am of the same opinion. I think this lien is good both at common law and by the articles of association. The trustee, if registered, must necessarily take the same position as the bankrupt had; that is, be must be under the burden of the company's lien. His object in endeavouring to get on to the register is evidently to strengthen his position in attempting to defeat the company's lien.

Lors Shand—The debt due by the bankrupt to the company was £7000 at least, and the shares are not worth more than £6000. The trustee asks to have the shares transferred to him in order to get rid of the lien. To this he is not entitled. By their articles the company have a first lien over the shares. Therefore they have a right and interest to decline to put the trustee on the register. If article 11 stopped before the words “and the company may refuse to register the transfer of any shares,” &c., there would be no room for the petitioner's argument. And I cannot read the words which follow as at all limiting the way in which the company may enforce its lien. The Bentham Mills Spinning Company's case seems to be the trustee's ground for the petition. Even, however, if that decision be right, it is not in point in the present case, for there is in the articles of association of the present company clear provision for a first lien. Lord Adam concurred.

Lord Adam concurred.

Counsel:
Counsel for Petitioner—

[netcurtains] 16/12/2020 16:11

Certainly looks like stake building...

[netcurtains] 16/12/2020 10:02

Wiganer: its been a great 3 months for lots of UK stocks.
The UK stock market (apparently) is them most undervalued in the world
at present so lots of bargains everywhere.
Market really likes the idea of Brexit deal and retailers
also get the bonus that "Christmas is now unlikely to be cancelled due to covid".

[wiganer] 16/12/2020 09:32

Funnily enough the only two uk stocks I hold at the moment are TRD and ITV.

[netcurtains] 15/12/2020 16:22

Sunshine Today: You should look at ITV more (see ticker on ADVFN) - thats also me.. LOL

[sunshine today] 15/12/2020 11:51

Looks like the Xmas sales have started in the last hour or so.

[sunshine today] 15/12/2020 11:34

Fair enough.

[netcurtains] 15/12/2020 11:12

disagreement makes a traders market

[sunshine today] 15/12/2020 11:08

I would also think a few traders might want to sell some stock, to spend at Xmas.

More so, if they have made a traders profit over the last month or so.

[sunshine today] 15/12/2020 10:59

Sorry can’t agree, to make serious money one just buys and holds as the company delivers.

Yes you can trade a share but to do it repeatedly with various stocks will never give you stable long term returns.