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% 25.50 3,746 08:00:00
Bid Price Offer Price High Price Low Price Open Price
24.00 27.00 25.50 25.50 25.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 19.35 -0.60 -4.76 4
Last Trade Time Trade Type Trade Size Trade Price Currency
11:53:31 O 3,746 26.40 GBX

Triad (TRD) Latest News

More Triad News
Triad Takeover Rumours

Triad (TRD) Discussions and Chat

Triad (TRD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-10 10:53:3226.403,746988.94O
View all Triad trades in real-time

Triad (TRD) Top Chat Posts

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 25.50p.
Triad Group Plc has a 4 week average price of 25.50p and a 12 week average price of 25.50p.
The 1 year high share price is 47p while the 1 year low share price is currently 25p.
There are currently 15,978,979 shares in issue and the average daily traded volume is 14,756 shares. The market capitalisation of Triad Group Plc is £4,074,639.65.
chrisatom: But the share price hasn't moved.
netcurtains: Triad's Website says: Number of Issued Ordinary Shares - 15,979,979 Wall Street Journal says: PUBLIC FLOAT 10.79M shares Which of these figures is used when trying to calculate future PE ratios? Interesting point: Triad does not really have any debts but it has about about £4M in the bank (£3.8M) and a market cap of £4M eg an investor gets the entire company for more or less free (cash==market cap (more or less)). NAV per share is about 38p but currently TRD is trading at 26p (eg 46% discount to NAV). Imagine if Triad won a contract(s) that gave them a £1m annual profit...... (I say £1m because that is the pretty usual profit Triad makes and that profit often gives Triad a share price of between 60p and 90p )
netcurtains: There will be a point in the curve where I'll post here and this share price will treble or quadruple. That point will probably occur when Triad give a trading update (or results) that states: "We have turned around and are now making profits again"..... This could happen anytime between NOW and X..... Got to be in it to win it.
cjohn: Yes, if they get a couple of decent contract wins, the share price will certainly take off. It's a cheap share, but with significant risk as well.
cjohn: "Is it usual for a share price to be BELOW the NAV?" Firstly, in general it's worth distinguishing between net asset value (NAV) and net tangible asset value (NTAV). NAV includes intangibles - most often goodwill. Nearly all asset-based value investors like myself prefer to use NTAV, except in a very few cases of certain types of asset-light companies, where the goodwill has clear backing from the company's capacity to create economic value. In the case of TRD, NTAV and NAV are nearly identical; there's only 15k intangibles on the balance sheet. TRD is the sort of asset-light company that rarely trade at discounts to NTAV; so it's not common to come across such a company. It is a sign of cheapness. In general a fair percentage of companies trade at discounts to NTAV: property companies and investment trusts, for example, very often trade at a discount to NTAV. Also certain national markets tend to trade at lower multiples. If you take a look at Japanese stocks, a much higher percentage than of UK stocks trade at a discount to NTAV. (There are some sensational bargains in Japan currently; profitable companies with solid businesses trading at a deep discount to TNAV and net cash.) So to summarize: TRD is cheap on asset grounds; PTBV (price to tangible book value) of less than 1 is often, but not always, a sign of value; PTBV of less than 1 is common in some sectors, but rare in others. If you're getting interested in asset value as a marker of value, could I suggest you find a standard text on value investing? I can recommend you one, if you'd like. (PS Tangible book value is another of saying tangible asset value.)
netcurtains: I've been automating account information into a database. One of the things I'm measuring is: Net Asset Value per Share.... In Triads last account s(2019) the NAV was 36.01p - thats more than the current share price. Is it usual for a share price to be BELOW the NAV? (a normal company like Tesco has a NAV per share between 1/2 or 1/3 of the share price - so I'm guessing on any reasonable news its possible TRIAD could rise fast - using NAV per share as key and Tescos , Triad should be trading at about £1 a share) Cheers Net
cjohn: Netcurtains: "I take it you're here for the dividend and the hope that the share will not fall further after ex-dividend…" The Company valuation is very cheap. And there's a decent underpinning of net cash and overall tangible asset value. Provided they don't make a painful loss, the share price isn't going to go down very far. If they surprise on the upside, there's likely to be considerable share price appreciation. The likelihood is that trading, if not now, will improve at some point. Meanwhile I'm happy to wait. From experience, I believe it's best to buy companies when they are unprofitable and therefore cheap. Anyone looking at Triad knows that trading is choppy.
cjohn: Hi Melton John and Net Curtains, I'd expect a loss at full year. But the balance sheet is very strong. Implied £4m net cash, post half-year end, plus a few hundred thousand of other net current assets compared to a market cap of about £5m. This really leaves a decent margin of safety, assuming trading has been further worsened by COVID. I personally don't mind that trading has been poor recently. If it hadn't been, the share price would not have reached the present bargain level. If you look back over TRD's history, trading is choppy. If there is a reversion to improved trading, the share price will appreciate significantly. If trading remains poor, the balance sheet provides considerable underpinning to the share price. If I look down my current list of holdings - half in UK, twenty percent Japan, 10% US, 20% other - 80% of the companies were loss-making when I bought in. There is a wealth of research data that shows that buying shares in loss-making companies that are trading at bargain levels - ie at a discount to tangible asset value - is a strategy that very significantly out-performs the market. It's certainly been my personal experience over many years too. To me, TRD fits into this category. PS Melton, thanks for reminding us to always use latest results.
cjohn: Personally, I'm not bothered if they cut the dividend. So many other companies have done that, I doubt whether it would affect the share price significantly. At the half-year, there was around £3m net cash on the balance sheet. So this company is highly unlikely to get into liquidity difficulties and has a very good chance of surviving any short and medium-term disruption from COVID. It's a strong bet we're going to have reversion of the share price to higher levels at some point. And the risk of serious capital loss in the meantime is low.
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?
Triad share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200811 04:44:31