Triad Share Discussion Threads

[gleach23] 22/7/2024 11:49

Just when I had been thinking I would have to buy back the shares I sold before the results at higher prices.

For my all time most profitable share I've found it very difficult to read/anticipate share price movements since the update last Dec. I guess that just means I've found it difficult to trade and should stick to it being a longer term investment!

Will look to build my holding back up if the familiar TRD drift between updates continues.

[netcurtains] 22/7/2024 11:26

down down deeper and down

[netcurtains] 16/7/2024 07:21

Statistically speaking we should get the AGM announcement next week

[bones] 15/7/2024 22:57

Not him I’m sure. I mentioned a few posts back it is the couple who have a big holding in Filtronic and probably others. Private investors I believe.

[netcurtains] 15/7/2024 20:14

Is Mark Dixon the billionaire? (new 10% ownership).



Or something to do with the Dixon Foundation (based in Exeter near Triad's latest big contract)

[bones] 15/7/2024 15:42

Three of Triad’s strongest areas in the public sector are in justice (courts and prisons), policing and green fuels. Combine these urgent policy areas with the government’s intention to digitalise these and other departments as a matter of priority and you can see why the chairman is so bullish of prospects now that they have completed their transition from a contractor to a specialist IT boutique with top notch employed staff.

As you say, the numbers need to follow through and they certainly should be in evidence when the interims are announced in November (maybe with a trading update in late September or early October).

[solarno lopez] 15/7/2024 13:23

At the moment I am more bothered about the profit living up to the rhetoric on the board. as we will need a hefty profit and PE to sustain the price .

[apox123] 15/7/2024 11:51

There have been a lot of insider purchases lately.

What are the chances of this company going private. Do the management have enough voting rights to delist@?

[bluemango] 15/7/2024 11:44

Possibly not. Can find no link to a Diana Dixon. Mark was married to Trudie but now divorced.

[bluemango] 15/7/2024 11:40

Any possibility it might be this guy? This is from early June; just over a month ago:

Directors’ Deals: IWG founder’s sale triggers share slide
35mn shares sold by company linked to Mark Dixon

It’s not every day that a director’s deal triggers an 11 per cent drop in the shares of a FTSE 250-listed entity, but news of a disposal by International Workplace Group’s chief executive, Mark Dixon, did just that.

The size of the disposal clearly played its part. Some 35mn shares were sold by a company linked to Dixon, raising over £68mn. They had been pledged as collateral against a loan Dixon had taken out with Deutsche Bank and were sold to repay these borrowings.

The sale equates to a stake of almost 3.5 per cent in IWG, but Dixon still owns just over a quarter of the company’s shares.

International Workplace Group formally changed its name from IWG last month. It is the parent group behind more than a dozen different brands involved in shared workspaces and virtual offices, the best known being the Regus business founded by Dixon in the late 1980s.

[solarno lopez] 15/7/2024 11:28

Thank you Bones

[bones] 15/7/2024 11:25

Private investors I believe but they recently unloaded a few FTC (April) and still hold 30M of them or 12% of that co.

I guess they financed the TRD purchase with the sale of 6M FTC.

Seems to be a decent sign for TRD that these discerning investors have taken such a stake.

The source is a mystery but as Kinwah said, maybe Mira Makar taking some profit finally (but I have doubts about that!). It’s possible they acquired William Barbour’s first sale a few months ago? That was under 3% so would not have to be disclosed. The other 7%+ recently who knows!

[solarno lopez] 15/7/2024 10:18

Does anyone know who Mark and Diana Dixon are ?

[kinwah] 15/7/2024 10:12

I'd like to know where Mr Dixon got all his shares from. The only possibility would seem to be by buying some shares from Mira Makar. Tommy C has quite a big holding but he has always been fairly prompt in filing his TR-1s so it doesn't look like he has sold his holding. Interesting.

[netcurtains] 12/7/2024 07:27

With all these share deals I suspect the AGM might be more interesting than normal....
I wonder when they will announce the date?

[petersinthemarket] 11/7/2024 12:37

If you really want to know who owns what, i believe that all you have to do is email the Shares Registrar and pay £25 for a full copy of the register. There may be one snag and that is that many shareholders hold their shares in nominee accounts and the shares are listed under that name in the register.
pete

[bones] 11/7/2024 10:27

Thank you Kinwah. I had not seen that note. Makes sense even more.

John Rigg was super bullish in the last update so he is backing that up here with the purchase.

[kinwah] 11/7/2024 10:19

Not quite bones. If you read box 11 of John Rigg's TR-1 yesterday it clearly says that he bought what was William Barbour"s residual holding then he gifted those shares to Charlotte and Emily half each. Charlotte and Emily did not buy the shares. It does show confidence in Triad's prospects.

[bones] 11/7/2024 08:29

Having looked again at the RNS’s in the last week, what has happened is:

1. John Rigg has gifted 2M shares to his daughters, Charlotte (a director) and Emily.

2. Charlotte and Emily have each bought 212,750 shares at £3.15 each from William Barbour who has sold out at what looks like a thumping profit.

All seems good.

[bones] 10/7/2024 18:44

On the directors, my feeling is that the long time chairman (now in his 80’s) John Rigg, has been gifting shares to his children. I’ll take a closer look at all the recent notices as one showed John Rigg down to 16% from 30%. Possibly sensible estate planning on his part?

[apox123] 10/7/2024 17:36

Good spot! Barbour still held onto half his shares, another 425,500.

Trade today is showing 2x 425,500 shares at 315p. Could be he has offloaded his whole holding today.

Either way the directors have increased their stake further at an all time high!

[bones] 10/7/2024 17:21

425,500 is what William Barbour had left after his disposal on 1st May. See RNS:



Whether that is a transfer from one account to another or a direct sale to a different party isn’t clear. Guess there will be an RNS at some stage?

[1maxreward] 10/7/2024 15:48

They paid £3.15 for them, that's a very good sign in my eyes!

[apox123] 10/7/2024 15:36

Could it be because of this:

hxxps://www.gov.uk/government/news/boost-for-new-national-wealth-fund-to-unlock-private-investment

"It comes as Reeves and Ed Miliband, Secretary of State for the Department for Energy Security and Net Zero, convene a meeting of the National Wealth Fund Taskforce at No11 Downing Street to kick start this work..."

"£7.3bn of additional funding will be allocated through the UK Infrastructure Bank so investments can start being made immediately..."

Triad have recently won a large contract with Department for Energy Security and Net Zero. The company has built up a lot of goodwill with clients recently. I wonder how much of this money will make it to Triad.

[apox123] 10/7/2024 15:29

Am I right in assuming that the Rigg family have just increased their stake by 425,500 shares or > £1.25 million?

Not sure what method they use to attain these. Was it a market buy or exercise from options?

Very bullish sign though.