Triad Share Discussion Threads

[sunshine today] 26/6/2021 15:31

PE today is 25.7

That’s for the second half year, as no profit made in the first half .

So the PE is half that if profits from the second half are maintained.

That = PE of 13.

However, deduct the cash and the real PE is nearer 10.

If TRD make the £2M this year and you discount the cash the PE is ITRO 6.

That could easily get to 18 plus as investors warm to very fast growth.

The sector trades on a PE over 40 right now.

Don’t forget, if the business ever gets sold, the price would be X: plus the nett cash on the books.

[sunshine today] 26/6/2021 15:06

Blockchain is the most interesting part of the company’s business, because of its partners (STRATIS) direct links to Microsoft, C # .NET.

The partnership should provide BAAS which has recurring revenues.

It is these that can see a share go up very substantial from a low base.

I value £1M of recurring nett revenues at £25M to £50M.

[sunshine today] 26/6/2021 15:00

Good luck:

The city has yet to Cotton on.

TRD are dumping low margin income,in favour of high margin consultants working directly for them. ( not sub contract ).

They are also expanding into IOT, Robotics and Blockchain.

Knock off the cash and the shares are extremely cheap.

Plus as you mention at some stage this company will no doubt see some corporate action.

It has a rare premium listing for such a low cap stock.

[patient fox] 26/6/2021 14:03

Yes the seeing is the problem here especially with limited forecasts.I myself aim to double my money by full year results.The director buying the amount he did higher than my average gives me much confidence.Plus take into account his age and how illiquid the stock is if he wanted to sell,he must know were this business is heading.Higher second half margins plus the cash buffer i have made this my second largest holding.I see blockchain as a bonus because i like a lot of old school investors i dont know much about it to be fair.

[sunshine today] 26/6/2021 13:18

That, in my view depends on the projected profit the following year.

I’ve pencilled in £4.7M including blockchain that I believe will be in gear by then.

The PE Only jumps when others can see the growth trend.


Please read my header post

[patient fox] 26/6/2021 12:56

As a stand alone business and ignoring its peers,what in your view would be a fair p.e ratio for triad if 2m profits are made from full year earnings.Not including blockchain just traditional business?.

[sunshine today] 26/6/2021 12:25

Jobs at Triad

As a new Triad consultant, you will join an established team of c. 60 fee-earning consultants who specialise in Agile Coaching, Delivery Management, Business Analysis and Software Development. We are investing heavily in our core capabilities and are looking to hire individuals into key positions to grow with us and shape our future capability.


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

Growth is NOT priced in the share price.

[sunshine today] 26/6/2021 12:19

You have an interview with Westcoast ltd, and TRD telling us how well the upgrade is going at Westcoast.

Personally I don’t think we could ask for much more.

Plus the contract appears to run at least the length of TRD”S first half. ( maybe into the second half ).

[bones] 26/6/2021 11:48

All sounds promising, ST.

Westcoast used to be shirt sponsors (early 2000’s) for Reading Football Club. Their HQ is based in Theale, near Reading, which is not so very far from Triad’s Godalming base.

[sunshine today] 26/6/2021 09:03

Good morning :


Published date: 07/06/2021 13:34

"Westcoast are the biggest distributor for every single one of our vendors, and yet we don't distribute most of the vendors that other big names do"

This morning, it was announced that Westcoast have been recognised as the number one IT Distributor in the UK, by CRN. We are delighted to be recognised against such huge global players and this is a fantastic achievement for the whole Westcoast Ltd team.

In a recent interview Alex spoke about the trend among resellers to pursue more of an MSP mode - with resellers focusing on managing IT on behalf of customers - as well as plans to open up a new German warehouse.

[bones] 25/6/2021 15:18

Net, this seems to me a classic case of speculative buyers earlier in the year punting on the blockchain narrative when that was all the rage, those punters selling out on the final results (some maybe realising that Triad is actually a consultancy firm rather than a “coin” merchant).

The share price should not have wilted on these results. Every metric has improved dramatically:

- gross margins way up (very key to Triad)
- migration to higher spec tech-related assignments and projects (including blockchain)
- clearly in favour at the government level for its public sector work
- intense cost saving above the bottom line
- dividend resumption with plenty of headroom to increase that (maybe a 2p divi at the interim stage in November?).

Overlaying these factors are the anecdotal points of strong director buying at 116p and 140p and the confidence that the company is expressing by taking on large numbers of employee consultants. They cannot be anticipating a drop off in work anytime soon.

[netcurtains] 25/6/2021 14:46

Good buys. You must have been counting the shares.
I was sort of thinking the MMs must have been a bit
short of stock but could not work out if the £22k trade
a few days back was a buy of sell.
It must have been a buy.

[patient fox] 25/6/2021 14:15

I just made my last buy at 105 as well looks very very cheap and under the radar.

[bones] 25/6/2021 14:08

Didn’t get the 101 but took 10k @ 105p. Last of the cheapies possibly?

[netcurtains] 25/6/2021 09:18

I guess Triad proves there is no obvious short term
correlation between the price the last director buys and the
the share price.

Director last bought at £1.45 (only few months ago)
Price now (to buy) £1.01

[sunshine today] 24/6/2021 16:16

Stratis Blockchain as a Service does NOT require FCA registration.

Now this is huge, because 98% of cryptocurrency companies have temporary registration but only a cupful have full registration.

It’s a massive layer of red tape that can be bypassed.

[sunshine today] 24/6/2021 16:08

Chris : Stratis this morning:


“In terms of the business applicability of blockchain and use case development, things have moved fast.”

Next week Stratis will issue new 6 month roadmap.

[sunshine today] 24/6/2021 09:38

This is where I see TRD playing a part going forward.

“Additional modules for Stratis Identity, specifically for asset management client on boarding and compliance”

[sunshine today] 24/6/2021 09:37

From Stratis boss this morning .


The questions were, are their any limits to Masternodes ? Plus, what’s due from Stratis.



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


Hi mate

No limitations.

IOT microcontroller client (C/C++) and node framework

Stratis NFT and token support inside Unity

Additional modules for Stratis Identity, specifically for asset management client on boarding and compliance

InterFlux 1.5 with changes across the board

New version of cirrus core that reduces the sync time down to 3 hours.

NFT platform with mobile app signing and identity integrations

Fiat Oracles

POSv2 has dropped down the priority list as we are not at any scaling limits on mainnet, the focus is POAv2 for InterFlux hub formerly cirrus.

And a few more that I cannot discuss at this time

[sunshine today] 24/6/2021 08:34

Net, take a 3 year view and your be in clover.

The prospective yield could be well over 5%.

Super fast growth, and dividends, is an investors dream ticket, when it can be obtained at the right price.

[netcurtains] 24/6/2021 08:04

RSI about 25.
Quite low.
I wonder when sentiment might start to edge up again?
Soon I hope.

[sunshine today] 23/6/2021 20:12

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@CsharpCorner
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#blockchain #community #dotnet $STRAX

Stratis Blockchain Community Springs up on Global Dev Forum
Two months after blockchain development platform Stratis partnered with C# Corner, it has been given...

[sunshine today] 22/6/2021 15:46

Plus the yield from dividends.

Hence I don’t think one should worry about sellers who need cash to cover their cryptocurrency falls.

[sunshine today] 22/6/2021 15:44

£16M market cap

£11M after cash .

£2M profit this year is my forecast

That’s a real PE of 5.5

If TRD makes £4.7M the following year the real PE falls to 2.5