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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% 29.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
28.00 31.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 19.35 -0.60 -4.76 5
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.50 GBX

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DateSubject
26/11/2020
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 29.50p.
Triad Group Plc has a 4 week average price of 24p and a 12 week average price of 24p.
The 1 year high share price is 45.50p while the 1 year low share price is currently 24p.
There are currently 15,989,979 shares in issue and the average daily traded volume is 37,127 shares. The market capitalisation of Triad Group Plc is £4,717,043.81.
27/10/2020
10:42
netcurtains: I must admit it is slightly disturbing that people are selling tiny amounts of stock at incredibly low prices when results are only a month away. I hope they dont know stuff that is hidden to ordinary people like us. Looking at all the available data on the public domain this is a really undervalued company with quite a large cash pile that is only slightly less than the current market cap. NAV per share is in the MID THIRTIES!!! but current share price only in the mid twenties.
24/10/2020
07:18
netcurtains: It does look like TRD is attracting the notice of more potential new investors. I think people have done analysis of message counts to share price activity. If message count means anything.... I suspect this might be an interesting November (month of results). I certainly hope so... Some of the reports make interesting reading: Https://www.jstor.org/stable/4480315?seq=1
23/10/2020
09:23
netcurtains: The million dollar questions: If TRIAD only broke even this year would that be enough to raise the share price? Suppose it gave a small dividend - would that raise the share price? Suppose it made a small profit this year - would that raise the share price? Suppose it said in results "trading is better than expected" would that raise the share price? Suppose it gave a forward statement saying "we have full order books for 2021" would that raise the share price?
17/8/2020
08:14
netcurtains: I like to start the week with this post: NAV per share: 36p Share price (to BUY) about 26p Historically when they make about £1M profit the share price goes to: 70p-80p However , in past, every £1M profit went on top of their cash pile so perhaps its fair to say share price of £1+ for future profits due to expanding cash pile (if they make them) They are currently recruiting permanent staff.. They are, on face value, gearing up for expansion - corporate website just updated (past month) and recruiting more permanent staff to expand their current work load. Https://www.triad.co.uk/ click the P button on the jobs page: Https://www.triad.co.uk/jobs/ Looking at it their big sites it appears they are strong in: Milton Keynes, Godalming (Guildford), Cambridge and central London. What is the down side? Since Triad is about 83% of a NETNET the downside would on face value be small - it depends on investor sentiment (not on valuation).
14/8/2020
06:36
netcurtains: NAV per share: 36p Share price (to BUY) about 26p Historically when they make about £1M profit the share price goes to: 70p-80p However , in past, every £1M profit went on top of their cash pile so perhaps its fair to say share price of £1+ for future profits due to expanding cash pile (if they make them) They are currently recruiting permanent staff.. They are, on face value, gearing up for expansion - corporate website just updated (past month) and recruiting more permanent staff to expand their current work load. Https://www.triad.co.uk/ click the P button on the jobs page: Https://www.triad.co.uk/jobs/ Looking at it their big sites it appears they are strong in: Milton Keynes, Godalming (Guildford), Cambridge and central London. What is the down side? Since Triad is about 83% of a NETNET the downside would on face value be small - it depends on investor sentiment (not on valuation).
12/8/2020
21:50
buywell3: buywsell tries sometimes to point out negatives Which many rampers don't CJohn - 30 Apr 2020 - 09:51:48 - 1603 of 1771 UNBELIEVABLE (IT software) !!!!!!!!!!!!!!! - TRD 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.
15/6/2020
07:08
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.)
14/6/2020
10:55
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
28/5/2020
09:35
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.
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?
Triad share price data is direct from the London Stock Exchange
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