Triad Share Discussion Threads

[interceptor2] 13/6/2016 09:43

As is often the cast EezyMunny, we seem to have come to the same conclusion after some quick calculations. See a post below I have just made elsewhere.

Morning

Impressed by TRD results which I agree bodes well for ITQ.

TRD headline EPS was 8.01p which included a tax credit, so by the harshest measure I can work out, discount this credit and actually deduct 21% (normal tax) from PBT figure, the EPS would work out at 4.34p. Able to buy at 32p at the moment

After a 25% rise this morning, they are still looking very cheap imo.

I have been buying this morning.

[photon] 13/6/2016 09:40

Just goes to show you can polish a TRD..Excellent turnaround story, well done the management and wish you well for the next phase.Although a different sector, to me there are parallels with Styles and Wood here.

[eezymunny] 13/6/2016 09:26

It's not quite that simple effiert, as they received a tax credit. To get any sensible valuation better IMO to assume a normal tax rate c 20%.

Even so, pbt was 860k and on a 20% tax rate that's 688k post tax. With a market cap c £4.9m at 32p that's a P/E on a normal tax charge of c. 7.

Given the lovely cash pile of 955k and, even better, the net current assets of c. £1.9m and you're not paying much of a multiple here for future profits (5.8 if you adj for the cash pile and only c. 4.3 if you adj for net current assets).

Like all companies the big question is whether they can maintain or even improve on this year. They say the order book is strong and hope to improve margins so clearly there's scope for things to improve further (h2 delivered 600k+ profit b4 tax!!!). Time will tell!

I've had a few for the EEZY3 portfolio FWIW...

[annonymous2] 13/6/2016 09:26

effiert/tippow/twitterman

Your pumping always goes ott !

[modform] 13/6/2016 09:11

This has been on my watch list for a while so bought some at the bell, looks incredibly cheap.

[dlku] 13/6/2016 09:08

old story

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Recent News‎ > ‎In the news‎ > ‎
Triad exec's suspension in spotlight
posted May 8, 2011, 5:07 PM by Custodian of Information

By Stephen Seawright 12:01AM GMT 01 Nov 2005


Extracts:


“The Financial Services Authority has examined the circumstances surrounding the suspension of Triad Group chief executive Mira Makar, it emerged at the IT services company's annual meeting yesterday.”

“Ms Makar was suspended as chief executive in February on full pay but remains a director of the company.”

“Her brother, Ihab Makar, who spoke as a shareholder at yesterday's meeting, claimed that Triad's house broker, Evolution Securities, had wanted to suspend dealings in the stock in February when financial problems arose at the company's IT contracting business in Milton Keynes. “

“He went on to claim that Evolution had told the FSA that "under instruction" from the company the broker had not suspended the stock.”

“An FSA spokesman declined to comment last night.”

“Last night Evolution Securities issued a statement saying: "There was no instruction in February 2005 not to give information to the market." It continued: "We regularly had updates with the company and its other advisers and announcements were made as appropriate."

“Ms Makar claimed to have instigated an investigation into problems with the accounts of Triad's consulting subsidiary Generic in Milton Keynes. She told the meeting: "I have taken vigorous action to investigate and resolve these matters." Mr Rigg said there had been problems with collecting revenues at the business but denied any financial wrongdoing.”


Full Article :

[effiert] 13/6/2016 09:06

well i just bought 80k today. stupidly cheap

[s34icknote] 13/6/2016 09:05

Stock overhang ?I could get 90 k last week at 25p. Topped up 25 k as already holding plenty plus wanted confirmation .Topped up this morning at 32p. This rose 50 percent on results last time then slowly doubled again .Well done netcurtains and thank you for your posts .Sick note

[effiert] 13/6/2016 09:02

Why is this not trading higher? should be 70-80p at least

Eps 8p p e of 4 and 25 percent of market cap cash

[effiert] 13/6/2016 08:56

Why is this not trading higher? should be 70-80p at least

[s34icknote] 13/6/2016 08:54

Eps 8p p e of 4 and 25 percent of market cap cash

[netcurtains] 13/6/2016 08:36

It got to 40s last year on profits doubling (I think around august).
so as profits doubled again, I guess 80p by August time?
No idea but as good guess as any one else

[blueball] 13/6/2016 08:07

I reckon 40p sometime this week.

[battlebus2] 13/6/2016 07:51

Yes TBM worth multiples of today's M/cap.

[ten bag man] 13/6/2016 07:05

Now watch this rocket.

[netcurtains] 03/6/2016 14:36

buys beginning to creep in ahead of results ..... remember two of the days are weekends so running out of runway...

[netcurtains] 02/6/2016 20:41

here we go - buy and sells coming in.
Just a few but its a start

[netcurtains] 01/6/2016 13:49

last year:

11/6/2015 09:32 ALNC Triad Group Shares Jump 40% As Full Year Pretax Profit Rises
11/6/2015 07:00 UKREG Triad Group Plc Final Results


(NOTE: MONTH)

[netcurtains] 28/4/2016 15:09

nice 20000 buy

[netcurtains] 25/4/2016 20:06

...someone had 3% now they have 4%

[netcurtains] 21/4/2016 13:29

heading north....

[netcurtains] 22/3/2016 14:01

ssshhhh , don't tell anyone

[netcurtains] 14/3/2016 06:55

Anyone guess what this summers results will be?
1, or 2 A levels or 3?

[netcurtains] 12/3/2016 09:19

red army: Got to think that people buying now must be buying because they suspect the summer results will be good and want to get in while price is very low. I think this is a logical conclusion. I'm honestly hoping for at least £1 a share at some point - that would be fair value compared to other stocks in this sector.