Triad Share Price (TRD)

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	0.0%	43.50	0.00	08:00:18

Bid Price		Offer Price	High Price	Low Price	Open Price
42.00		45.00	43.50	43.50	43.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Software & Computer Services	22.71	1.02	5.60	7.8	7

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
-	O	0	0.00	GBX

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Triad (TRD) Latest News

Triad News

Date	Time	Source	Headline
23/9/2019	17:30	ALNC	Triad Group Finance Director Nick Burrows To Step Down
23/9/2019	14:39	ALNCF	Alliance News Flash Headline
23/9/2019	14:34	UKREG	Triad Group Plc Directorate Resignation
13/9/2019	15:09	UKREG	Triad Group Plc Block listing Interim Review
14/8/2019	14:47	UKREG	Triad Group Plc Result of AGM
05/8/2019	14:36	ALNC	Triad Group Board Member Steven Sanderson To Step Down
05/8/2019	14:11	UKREG	Triad Group Plc Directorate Resignation
18/7/2019	11:39	UKREG	Triad Group Plc Notice of AGM
10/6/2019	10:12	ALNC	Triad Annual Earnings Decline On Lower Contract Numbers
10/6/2019	09:45	UKREG	Triad Group Plc Correction to dividend payment date

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Triad (TRD) Share Charts

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Intraday Triad Chart

Triad (TRD) Discussions and Chat

Triad Forums and Chat

Date	Time	Title	Posts
23/9/2019	17:05	UNBELIEVABLE (IT software) !!!!!!!!!!!!!!!	1,514
27/11/2018	08:14	IT SERVICES GOING CHEAP	52
22/11/2017	10:37	TRD 5.75P. IN PROFIT, HUGE T/O, M.CAP UNDER 1M.!!	1,204
02/9/2016	10:12	TRIAD GROUP A TWO MILLION POUND COMPANY THAT SHOULD BE MAKING THAT IN PROFITS !	139
21/8/2013	12:02	TuRD another Tara pump	7

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Triad (TRD) Top Chat Posts

Date	Subject
16/10/2019 09:20	Triad Daily Update: Triad Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker TRD. The last closing price for Triad was 43.50p. Triad Group Plc has a 4 week average price of 43.50p and a 12 week average price of 43.50p. The 1 year high share price is 66p while the 1 year low share price is currently 34.50p. There are currently 15,606,979 shares in issue and the average daily traded volume is 14,063 shares. The market capitalisation of Triad Group Plc is £6,789,035.87. Read Full Thread Reply
29/7/2019 22:15	netcurtains: Yes, if you look at this graph and press the 1 YEAR BUTTON, you can see this stock should really be trading in high 60s to 80s region. HTTPS://www.google.com/search?q=trd+share+price&rlz=1C1CHBF_en-GBGB832GB832&oq=trd+share+&aqs=chrome.0.0j69i57j0l2j69i60l2.3941j1j7&sourceid=chrome&ie=UTF-8 Read Full Thread Follow Reply
13/6/2019 15:02	leoinvestoruk: On the morning of the results I wrote the following: Please refer to my results preview [on my LeoInvestorUK blog]. Quick points: * Lower turnover and profits, but higher margins, all as expected and as guided in H1. * Dividend doubled as hoped to 2p, a total of 3p and a yield of 7% at Friday’s closing price. * Cash up another £0.8m to £4.6m despite lower profits and higher interim dividend. * No obvious (to me) accounting nasties – e.g. receivables have fallen broadly in line with turnover. * No exceptional costs from legal action that previously left them under a cloud, although some distraction is acknowledged. They say that the improvement to gross margin “reflects the Group’s commitment to reduce low-margin contractor business” but the reality is that the short-term cause was a reduction in the availability of that kind of business. Although they may be chasing less of this kind of work, changes in the taxation of contractors is likely to reduce their numbers in their competitors also, and likely in the industry as a whole. Nonetheless, this is a welcome development which should support Triad in creating their own culture and competitive advantage. They plan to double fee-earning staff numbers and indeed they are advertising on their website for a large number of permanent positions (as well as contract positions), but with limited progress to date as average headcount has fallen slightly since FY 2018. They are the fourth biggest government supplier in their market. They warn on increased competition in public sector contracts. On the positive side they have a base of reliable income derived from their GIS specialism. In terms of Brexit, I note that a company like Triad may benefit as increased reliance is based on staff from outside the EU who must be sponsored by a permanent employer for a visa. Such staff are somewhat tied to their employer and are in any case likely to be more loyal. Cash now makes up £4.6m of their £6.9m market captialisation and does not appear to be especially seasonal. How much is free cash is always a matter of opinion, and with an increased reliance on permanent staff perhaps they need to retain more to cover salaries of staff “on the bench” during a downturn. Diluted EPS is 5.44p which puts them on a PE of 8 which doesn’t seem especially cheap given the falling earnings trend, the low quality and lumpy nature of some of their business. However if you consider the 29p / share cash to be mostly free, and consider the falling earnings have at least slowed then with a share price of 43p the adjusted PE of under 4 they look like a bargain. If you believe they can return to growth then it is easy to see very significant upside in the share. I currently hold a medium-sized position and hope to add a little at the bell before the market reacts to the lifting of uncertainty over costs of legal action and wakes up to (what I believe is) underlying value. Read Full Thread Follow Reply
06/6/2019 09:35	netcurtains: the market clearly is expecting results to be bad. My view is, as long as they make a profit, its all added to the cash pile, and the share price is thus miles too cheap. All bets are off, of course, if they are making a loss. Lets see what they bring. Read Full Thread Follow Reply
25/4/2019 15:22	edpick: Hargreaves Services is another I keep my eye on. Shares trade significantly below book value but the share price has gone down and sideways for ages now. Read Full Thread Follow Reply
16/4/2019 13:15	bones: Edpick, I would not say it is in decline in the structural sense peculiar to Triad but it is in an economic downswing in line with the macro picture. Recovery in share price will be affected by both company actions and the macro environment, I think. In addition, TRD is weighed down by the disruption of the 24% shareholder that the company successfully sued for harassment recently. See posts throughout 2019 here for that detail. I am not as down on this share’s future as perhaps you are but patience will be needed, I agree. Read Full Thread Follow Reply
16/4/2019 12:40	edpick: Bones, definitely agree with you about the latent value but at the moment I can't see it being unlocked. All of the directors have been associated with the business 10+ years and I don't get a sense of any drive/desire from them to realise shareholder value here. Given the cash, I'd think there'd be a floor in the share price not too far from where we are now. However, as the business is, as I see it at the moment, in decline, I reckon shareholders could be frustratingly hovering around these levels for some time. Going to keep an eye out for the results and might change my mind. Read Full Thread Follow Reply
16/4/2019 11:30	edpick: Thanks Bones. So no one really knows why they aren't buyers at these levels... With the cash balance and market cap where it is this, company seems tremendous value. However, I'm not really seeing any strategy or clear direction reading the annual report and interim - just caution over the competitive environment. The cash is pointless if it's just going to sit there. Why not indicate to the market their intentions with it? Extrapolating the interims forward to next year, another £2.5m drop off in H1 revenue but improvement in GM to 20%, with administration costs constant would give H1 profit of c.£200k. With a declining trend like that I think the share price would suffer further. Question is, is this a business on a serious decline? Read Full Thread Follow Reply
12/3/2019 22:04	bones: Yes, I guess the market has forgotten or lost interest in TRD given that the company has been in relative stasis for about 15 years after the bust of the IT boom in the early 2000’s (price zooming to 800p in the late 90’s and back to 25p in about two years). I had a look back to see how John Rigg and Mira Makar ended up having 29% each and it was finally because the company, having crashed its share price, bought back around 40% of its shares from third party investors at rock bottom prices in 2002. Those sellers must have been demoralised at that stage to agree to sell back to the company! Just for passing but relevant interest, Mira Makar became CEO in 1997 and separately John Rigg gifted her nearly half his shareholding in 1998. This is all covered in RNS’s from that period. It all blew up internally around 2004-05 and the company has not really gained take off ever since. The question for me is whether this is a bit of a lifestyle company for Mr Rigg given he is interested also in the company lease contract (per notes in the accounts), whereas now that the younger directors have or will have half decent interests in shares via their options, they may want to sharpen up the company’s approach going forward. This also comes back to Netcurtains’ question about whether John Rigg might ever contemplate exiting and if so would he be able to engineer a sale himself or leave the management to the younger directors. Points for debate perhaps but it will be interesting to see how the year to March 19 plays out. The interim statements and outlook suggested to me that they won’t be great but of course the share price has adjusted southwards by some distance to discount this. Read Full Thread Follow Reply
08/3/2019 13:54	bones: Wiganer, Nick Burrows is able to exercise options over 125,000 shares currently, just a case of when it suits him I guess. Can buy 100,000 @ 13.5p and 25,000 @ 11p. He will also be able to exercise another 75,000 after March 2021 but those will cost 53.5p each. Adrian Leer's current total of 155,379 included 150,000 bought under options just last month (100k @ 11p and 50k @ 13.5p). He also has a further 150,000 lined up at 53.5p after March 2021. The good thing now is that both of these main executive directors have or will soon have a decent number (well, just over 1% each!) of personal shares to make it that little more worthwhile to get the share price moving albeit they have already quadrupled their little investments. I agree it would be nice to see a little more (paid for) equity in the hands of the directors to lend incentive. Their respective salaries are reasonably comfortable in the £140k - £170k range including perks but excluding share options. Probably not enough to make the company a lifestyle vehicle, so yes boys, let's see some share price appreciation as part of strategy and make yourselves a little richer! Read Full Thread Follow Reply
05/3/2019 13:16	bones: Regardless of the shenanigans of the last few months (that I have observed from a distance reading this thread) and the apparent overhang of shares held by the "Trustee", I have decided to dip a toe on the basis of the bare accounts. It appears this is a company "worth" £6M and change, but has nearly £4M cash in the bank (and may have more than £4M as five months has passed since half year end). An enterprise value of £2M then. That makes it valued on an EV basis of about 15p a share. EPS for this year might be 6p - 8p? So, little more than a cash-excepted PER of 2. I am in for an initial 50,000 shares at an average of under 41p. Netcurtains, are you still holding AOR? That one is winning our current share price race by some distance, but anyway I have finally been tempted in here. Read Full Thread Follow Reply

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