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TRD Triad Group Plc

277.00
0.00 (0.00%)
24 May 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 Shares Traded Last Trade
  0.00 0.00% 277.00 7,681 08:00:00
Bid Price Offer Price High Price Low Price Open Price
270.00 284.00 277.00 277.00 277.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 14.86M -44k -0.0027 - 45.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:39 O 2,500 282.75 GBX

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Posted at 25/5/2024 09:20 by Triad Daily Update
Triad Group Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker TRD. The last closing price for Triad was 277p.
Triad currently has 16,594,781 shares in issue. The market capitalisation of Triad is £45,967,543.
Triad has a price to earnings ratio (PE ratio) of -1025.93.
This morning TRD shares opened at 277p
Posted at 24/5/2024 09:58 by sunshine today
The numbers for the year ending 31/03/24 will be a reflection of last year and hopefully an improvement on the first half.
By that i mean a part claw back of the first half loss.

Shares are all about the future, investors want to purchase growth for a song, hold , and reap long term rewards in the form of increasing dividends and a rising share price.

Investors have two options, when it comes to selecting investments.

1/ Research companies, read trading updates, and follow industry news.

Based on the above make a decision to purchase stock, or move on.

2/ Reduce risk and purchase on results day at the then going price of the share.
Posted at 15/5/2024 07:21 by sunshine today
More on the subject.

None of this is priced into Triad’s longer term prospects today.

October is not far away, Triad already has a very substantial order book, going out up to 3 years, and is hiring at the rate of knots.

Contrast that with one of the big players, who reported this yesterday at their AGM.

FDM

At 30 April 2024 the Group had 3,543 Consultants assigned with clients (31 December 2023: 3,892; 30 April 2023: 4,774), a decrease of 26% on the prior year. Our levels of Consultant recruitment, and the numbers of Consultants in our Skills Lab (previously known as our Academy), remain under close scrutiny to ensure that our available resource aligns with client demand across our operating locations.

The Board has continued to take prudent measures to manage fixed costs such that internal staff headcount at 30 April 2024 was 20% lower than the corresponding period in 2023, better aligning the size of the internal organisation with the number of Consultants assigned to clients. We remain committed to maintaining appropriate levels of resource and capacity to meet clients' needs promptly when our markets improve.

———;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;

Back to the new procurement Bill.

A sea of change is just around the corner, Staff working in Government procurement Departments are , right now, today, being subjected to intense re - training to rid the old practice of grinding down suppliers JUST on price.

Triad have perhaps a five year lead over the vast majority of SME’S, their reputation also places them in a perfect position to partner with larger players on the same advantageous terms. That’s huge ;

Finally, don't forget another goal, delivering gross margins of slightly above the industry average.

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How Is The Government Making The Public Sector SME-Friendly?

Some key changes to the public procurement process are particularly beneficial to small businesses and startups. Eight of the myriad benefits of bidding on UK government tenders and contracts are discussed below.

1) Lower value contract opportunities for an attractive price
One of the reasons SMEs have stayed clear of public sector procurement is the high price of contracts.

The Procurement Act removes that obstacle by publishing lower-value tenders to attract smaller businesses. The threshold for these low-value tenders is £12,000.

However, there are avenues that help SMEs find these simple, low-value contracts in different sectors of the public procurement market. This enables small businesses and organisations to start making a name for themselves and earn the attention of public sector buyers.

2) Focus on value rather than the cheapest bid
The government has switched focus from MAT (most advantageous tender) to MEAT (most economically advantageous tender). MEAT includes elements like transparency, community support, environmentally friendly business practices, nondiscrimination in recruitment, a diverse workforce, integrity, and an ethical supply chain.

Some larger enterprises overlook these qualities in government contracts or don’t assign them much importance, whereas some small and medium organisations already embrace a pay-it-forward approach, and give back to their communities.

SMEs with this mindset, and that have the capacity to meet all the tender requirements, are preferred over enterprises that focus solely on growing their business.

3) Simplified tender processes
By taking the complexity out of tendering opportunities, the UK government hopes to give small and medium businesses the confidence to submit bids on suitable contracts. Some of the ways in which the government has attracted suppliers to different sectors include:

Merging the current procurement regulations and dropping the number of sets from four to one.
Reducing the current number of award procedures from seven to three.
Introducing one central platform where suppliers can submit the company data necessary to successfully compete for public sector tenders and contracts.
4) Prompt payment on UK government contracts
Prompt payment for goods, services or works is particularly important for SMEs because they need consistent monthly cash flow. Buyers previously in the public sector don’t always adopt this approach, waiting until the last minute to pay invoices.

The government, however, has set a 30-day payment target for suppliers, so SMEs can count on at least one regular monthly payment.

5) Feedback summary on public sector tenders
According to the Procurement Act, businesses that miss out on government contract opportunities are entitled to an assessment summary.

The aim is to provide constructive feedback by comparing their bid to the winning contract, with a short explanation as to why their business wasn’t awarded that particular tender opportunity.

In this way, SMEs can see where their tenders need improvement and can plan better for the next tender published on a contract finder site.

6) Future-proof government tenders and contracts
One of the more practical benefits for SMEs in the public sector has to do with more accessibility to public sector and government contracts. Public sector buyers must publish upcoming contract opportunities for the next 18 months.

This allows small businesses to go over the list to find tender opportunities that are appropriate for their capacity, features, skills, and USP. It also gives them plenty of time to prepare for their chosen government contracts, bearing in mind their feedback from previous tenders that were unsuccessful.

7) Collaboration with other public sector suppliers
It’s possible for several SMEs to collaborate or form a consortium so they can take advantage of larger public sector contract opportunities. The combined resources and services enable the group to access more lucrative government contracts by being able to meet all the requirements as one cohesive unit.

In addition to bidding on big contracts, the businesses in the consortium are exposed to a wider range of buyers who may notice their skillset and include them in their supplier pool for when they have below-threshold tenders and contracts.

8) Early engagement to showcase suppliers’ features and unique services
The UK Procurement Act encourages suppliers to engage in early communication with government buyers. Essentially, it’s a dialogue between buyers and suppliers so that each party better understands the required services in future contract opportunities.

There’s an emphasis on transparency and fairness in communication, so both sides have equal opportunities to engage and discuss resources and systems.
Posted at 04/5/2024 13:42 by bones
It’s an interesting one. The company has already flagged that the year just ended won’t be very good on the basic numbers as they have been recruiting heavily for all the future and new business and those costs will be incurred immediately.

Those results though should be accompanied by a bullish outlook from the Chairman.

I can see maybe a pullback at that time due to the bare numbers after a near nonstop 100% gain in share price since the last update in January. That could be an opportunity to top up perhaps.

I will also be interested to see the dividend. I think it might stay as is but it could increase depending on how quickly the new contracts are throwing off cash.

Market cap is close to £50M which is mightily impressive so they will need to fill that in with earnings prospects.
Posted at 04/5/2024 09:04 by sunshine today
Kainos Group

KNOS


Price target decreased by 9.2% to UK£12.94

Down from UK£14.24, the current price target is an average from 10 analysts.
New target price is 30% above last closing price of UK£9.93.
Stock is down 22% over the past year.
The company is forecast to post earnings per share of UK£0.39 for next year compared to UK£0.34 last year.

———;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;—-

KNOS was until recently the darling of the computer IT sector. It stands in on a PE of 30. To justify that PE Ratio earnings should be growing at 30% a year. They are in fact forecast to grow at under half that rate this year.
I see Zero value in investing in that Billion pound market cap stock.

TRD in my view CAN grow revenues and earnings at 30% PA going forward.

I agree with netcurtains the trick is to find the next KNOS, before the institutions arrive and push up the forward PE ratio.

Triad can grow at real pace for at least the next 3 years, it’s all about the quality of those who work within the business. The staff are self driven , the teams they form produce results others can”t match . ( see industry awards ). This all helps improve client bonding, and just as importantly, margins.

The company runs a lean business model, one designed to increase profits rapidly as soon as revenues cover the general overhead.

Any stock will rocket in price if it can grow revenues and profits quickly, slap on large dividends , and the fun for shareholders gets into the higher gear range.

Some stocks anticipate future profits , others jump on the day good results are released.

As shareholders we don”t know the level of profits , but we do know at this stage, the published order book of large public sector contracts. Source : Contracts Finder.

That order book has increased from £3.2M this time last year to just short of £32M right now, after the last win 9 days ago.

That excludes any work won in the private sector over the period , and the large amount of smaller day to day awards.
Posted at 24/3/2024 13:34 by bluemango
Net and ST

Just curious, would you mind sharing your share price targets for Y/E 2025?
Posted at 08/3/2024 11:21 by gleach23
Personally I was totally gobsmacked by how bad the half year results were in December and there seemed to be no particular reason given as there was the previous year (ie government turmoil in 2022) despite the 'external factors beyond our control' being described as worse than the previous year...and yes I understand there was investment being thrown into recruitment.

I was equally perplexed by the strength in share price on the back of those results (despite the upbeat outlook comments - we'd had similar the year before) and bearing in mind how volatile the share price can be, and the fact that I had been overweight with my holding, I reduced by a third between the results and the end of Jan with a plan to buy back on any dips.

Didn't get the opportunity to buy any dips but have topped up a little since yesterday's news and will be holding on tightly for the ride now. TRD is about 10% of my overall portfolio and I expect that to increase in the next year or 2. GLA
Posted at 04/2/2024 09:29 by sunshine today
Not sure about RSI, i kind of think , its just basics.

The recent rise in the stock is just a reaction to events. A stock often starts to move as the order book expands. For evidence of that, look at AIM listed companies who have to RNS any orders over a certain size, and their share price reaction, on the day of release. ( Triad is fully listed, and under no obligation to RNS contracts ).

Example :
Ethernity Networks shares bounce 200% after contract win
Wed 29 Nov 2023 09:52
(Sharecast News) - The share price for AIM-listed Ethernity Networks trebled on Wednesday after the Israel-based semiconductor group won a "significant" contract worth $800,000. The contract is with an existing, unnamed "long-term networking data communications customer" which has been licensing Ethernity's ENET flow processor tech for over ten years.

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Don't get me wrong i am not saying , Triad is going up 200% .


Here we go with my full explanation :


Numerous substantial longer term contract wins, that can be tracked on the UK Governments site : Contracts Finder. ( plus others, through 3rd parties, where Triad is not represented on a particular framework agreement ).

Winning no less than 3 awards at the Oscars of the Industry , more than any other company. An outstanding achievement for any SME.

Upbeat comments from the Chairman, and yet more director buying.

The number of new vacancies in the process of being filled.

Future growth rate scenarios , as soon as the overhead cost is covered, profits can at least in theory, expand on fractionally higher revenues.

Triad also pays dividends, that have the ability to grow at pace over the next few years.

The dire state of the listed competition, who have gone for rapid growth at the expense of quality. ( and failed ).

I am also of the view investors have yet to grasp the implications of the new procurement Bill being introduced this year, and its probable benefits to ESTABLISHED SME’S. ( like Triad ).

Triads 34 years of working for the Government, is a huge advantage.
It’s going to be easier for SME’S to win contracts generally.

That said , even newer SME entrants, will have a lot of catching up to do, and may struggle for the first few years, to gain traction.

Triad has such a great reputation they must be in an excellent position to grow organically .

Consultancy is not a numbers game , it’s all about your staff. Triad have spent half a decade getting to today’s position. Refer to recent Annual Reports.
Posted at 04/10/2023 13:52 by gleach23
Don't want to tempt fate but it's interesting to observe the relative calm in the TRD share price currently, presumably due to that very absence of institutional investor involvement and the related sell-off taking place elsewhere.

History shows the half-year report can be expected any time in November so not long to wait. Can currently buy 5k @ 123.9 and 10k @126.5 but can't get a quote for selling even 1k.
Posted at 03/10/2023 15:38 by sunshine today

Initial broker coverage would be welcome . That said, so often, companies use the house broker to ramp up a stock, to enable a placing, to new shareholders, at a deeply discounted share price.
Triad , thankfully don’t have that issue ( Heaps of cash and no debt).
The trick is for the company to be absolutely confident it can deliver on any forecasts the broker might put out into the market.
Thus, expectations should in my opinion always be on the low side.

Triad as a company, is unknown, with zero institutional shareholders on the register.
A broker report could be the start of a re rating that can do wonders for a share price over time.

At the end of the day it’s revenues, more importantly profits, that drive share prices. Triad has a further huge advantage over other fast growing Tech businesses, namely an income stream (dividends,) that can grow rapidly.

Virtually all after tax profit translates directly back to shareholders.

A wonderful stock , unfortunately it’s just not recognised
Posted at 15/6/2023 19:48 by gleach23
I suppose from an optimist's perspective, whilst some may have found the results a little underwhelming given the share price strength in the lead up, they did at least confirm we are pointing in a totally different direction compared to the Interims and the outlook sentiment remains positive.

One could also argue that the Interims managed to shake off weak holders and that shares are now in stickier hands - share price action since Monday would so far suggest it.

Today the 5k sale was mine. I have offloaded a third of my holding in recent weeks but TRD remains 10% of my portfolio, such was my overweight position beforehand. I think I'll stop at that.

Very interesting to note the 20k buy reported late today but timed @ 2.30pm yesterday. When looking at this on LSE I also noticed another 20k buy reported late yesterday timed from the previous day.

Those 2 trades are pretty chunky by TRD standards and help explain the share price strength since Monday's Finals.
Triad share price data is direct from the London Stock Exchange

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