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% 44.00 0.00 08:00:12
Bid Price Offer Price High Price Low Price Open Price
43.00 45.00 44.00 43.90 44.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 22.71 1.02 5.60 7.9 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2019-12-11 13:15:2043.00349150.07O
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Triad (TRD) Top Chat Posts

DateSubject
12/12/2019
08:20
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 44p.
Triad Group Plc has a 4 week average price of 43.30p and a 12 week average price of 42.90p.
The 1 year high share price is 56p while the 1 year low share price is currently 34.50p.
There are currently 15,978,979 shares in issue and the average daily traded volume is 8,545 shares. The market capitalisation of Triad Group Plc is £7,030,750.76.
10/12/2019
12:33
netcurtains: I think results should be available by end of the week? What do you think? Is that quite likely? We know they will not be that good (share price) but has the market over estimated how bad? The problem is the General Election - I guess no new big government contracts can start until election has finished. But then we could see explosion of government spending spending spending who ever wins......
25/11/2019
12:30
netcurtains: pride23s: LOL you should have sold your houses ages ago. With remain dividend plus #WASPI cash (average 60 year old woman will get about £10K ) the country could see the biggest economic boom this nation has ever seen and TRIAD, being heavily into public sector work (about 75% of its business) we should see the share price had towards £5. Even if the evil CONs get in, with their new ID cards, passport controls, police, TRIAD will also do well. If any of your female relatives are in age range 60-69 (in particular born about 1954-55 they should be getting a massive windfall). But any of the birth dates in the nineteen fifties should do well. Here is the calculator: HTTPS://action.labour.org.uk/page/content/1950s-women/ (quite likely developed by Triad - they do loads of work for the electoral commission) the WARD Triad's HQ is in (Godalming Surrey) recently (May 2019) elected a Labour councillor!
20/11/2019
15:14
netcurtains: Is this true? Triad valued at just 7 million but has 5 million in the bank???? Is this true? Triad gives you 6.82% interest on your money (dividend)???? Is this true? Triad dividend probably around about the end of November???? Is this true? Triad make between 250k and 1m most years and they bung the money into their cash pile??? Is this true? Triad stand to do well after the election as both main parties have said they will spend like mad - especially in the HOME OFFICE and or more investment in the police force (a big customer of Triad)???? If all this is true it cant be that long before share price starts to go up......
12/11/2019
12:08
netcurtains: Triad interim results in November. Not meant to be particularly good (eg share price) but bottom line is CASH PILE is getting bigger and bigger each year - relative to share price. It has NET Cash of about 5 MILLION and a market cap of about 7 MILLION - thus 70% of its share price is covered by CASH and it makes about 1 million a year (or perhaps less this year) thrown in for free. In a couple of years, if the share price does not rise, Triad will have more money in the bank then its share price - surely that is an IMPOSSIBLY LOW SHARE PRICE THAT CANNOT HOLD?
29/7/2019
21:15
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
13/6/2019
14:02
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.
06/6/2019
08:35
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.
16/4/2019
12:15
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.
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.
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!
Triad share price data is direct from the London Stock Exchange
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