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Share Name Share Symbol Market Type Share ISIN Share Description
Triad Group LSE:TRD London Ordinary Share GB0009035741 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.00p 43.00p 47.00p 45.00p 45.00p 45.00p 2,800 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 27.8 1.7 10.5 4.3 7.02

Triad Group Share Discussion Threads

Showing 2776 to 2800 of 2800 messages
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
15/3/2019
18:06
Sailing John, Post 1271, yes, you do wonder why someone apparently well off would not back up the company with some hard-earned wedge :)
bones
15/3/2019
18:05
Yes. I think I will just keep enjoying the show from the sidelines for the time-being. Good luck!
effortless cool
15/3/2019
18:03
That's true EC. Hence, I guess, John Rigg's plaintive request in the 1/3/19 RNS following the court case outcome. "Mira Makar is the registered holder of 3,951,452 shares in the Company (24.74%) which makes her the second largest shareholder by a substantial margin. We trust she will lend her full support to the current successful efforts to take the Company forward. The Company remains as always open to a constructive dialogue with Ms Makar in order to describe and explain current developments and progress." Question is how legally or morally weakened is she following the case? Could bloody-minded, irrational obstinacy against anything the company puts to a vote be regarded as a continuation of harassment of the company (which was one of the plaintiffs in the case)? It is all a bit messy, agreed.
bones
15/3/2019
17:49
bones, Any acquirer needs to get above 50% to take control but above 90% to force minority shareholders to sell. MM has more than enough shares to hold out as a minority shareholder should she so choose. That would certainly put me off!
effortless cool
15/3/2019
17:38
EC, the Mira Makar holding was indeed on my mind in the above posts, although her holding is fractionally less than 25% nowadays after the bankruptcy affair removed about 5% from her grasp (originally she held nearly 30% along with JR). It nonetheless does require all the other shareholders to be in favour!
bones
15/3/2019
17:36
Bones - looks like you have been busy with research - thanks for sharing - I'm not as active in that dept recently given I'm mostly cash and more importantly trying to sit on my hands!. Did you notice this Non Exec appointment from 2017. At that time I thought he would be active in the market acquiring stock given his close association with the Company from the late 90s (Founder and FD). Sadly he hasn't, nor has he taken any at the current discounted price. Having said that I suspect he has very deep pockets and wouldn't be interested in small on market purchases. Perhaps if Mira's holding came to the market he might be interested. hTTps://www.investegate.co.uk/triad-group-plc/rns/board-appointment/201707031538529699J/
sailing john
15/3/2019
17:29
Interesting discussion here. One thought I have, given the size of the two main shareholdings, either one is in position to potentially block a takeover. Thus, even if John Riggs wants to sell up and 50%+ of shareholders vote in favour, Mira Makar holds sufficient shares to hold out as a minority shareholder. That may well be a poison pill sufficient to deter any potential acquirer.
effortless cool
15/3/2019
16:58
Net, I would go along with that. A catalyst should arrive at some point to fire the gun. 1. Exit strategy for J Rigg/company? (It already looks half-private given all the institutions cleared out years ago); 2. Big dividend increase or special dividend? 3. Acquisition (to gain some additional expertise or synergies); 4. Be acquired (to give another company additional expertise or synergies). 5. Any other?
bones
15/3/2019
16:46
Bones: They are not doing badly, rather ONE year they did exceptionally well and now Triad is again making normal amounts of money to add to the cash pile each year. Its possible if they make a shrewd investment or increase the dividend or win a new big contract things will seriously hot up. Otherwise its going to be (IMHO) a slow but steady rise.
netcurtains
15/3/2019
11:51
What is the consensus thinking on TRD's dividend policy now? I note that, up to and including y/e 31 March 16, the company had not been paying a dividend (for several years anyway). There was also no interim dividend for y/e 31 March 17 but a final dividend was declared of 0.5p per share (a fairly nominal one at the time, yield-wise and cash-wise). However, for y/e 31 March 18, an interim dividend was paid of 0.5p and that was followed by a final dividend declaration of 1p per share. Then, in the recent interims for y/e 31 March 19, an interim dividend of 1p per share was also paid. I see a pattern forming here given: 1. there is potentially surplus cash on the balance sheet needing a home; 2. growth in business turnover has stalled and is being replaced by an emphasis on quality over quantity thereby reducing turnover but increasing profit margin. Can we conclude that the directors have accepted that, due to the intense competition in their field that they have themselves noted in recent reports, they should ensure quality of earnings and effectively turn this company into an income share for its shareholders? If so, might the sequence of dividends continue with a yet higher final dividend of 1.5p or 2p per share? Even a 2p dividend would only take less than 10% of the existing cash balance to pay. If a 2p dividend is paid, that makes 3p for the year and create a 7% yield. That should be attractive to income seekers and encourage them to buy the shares. This does presume that the bottom has not totally fallen out of their markets!
bones
12/3/2019
22:04
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.
bones
12/3/2019
17:47
Timing, this should be at least about £1 in a depressed market. It shouldn’t take long but not everyone can wait for it to get back there.
brendainvesta
12/3/2019
15:24
Yep not better bargain in IT sector
netcurtains
12/3/2019
15:01
Agreed sicknote. I ponder why someone would sell @ 43p :)
bones
12/3/2019
11:59
Just needs buyers and patience bones Market generally looks lacking support Sicknote
s34icknote
12/3/2019
11:23
A 30,000 share sale @ 43.5p. I mean, really?
bones
08/3/2019
22:52
Buywell2 - Any more squeezing from her “She that can not be named” and she goes to prison. The only way she can damage the company now is by selling all her shares, this would just be a temporary dip and also a massive bargain/buying frenzy for the people that know the company is healthy and invest in it for the medium/long term.
brendainvesta
08/3/2019
22:46
Good work bones, but bloody hell Duckworth looks older than that!
brendainvesta
08/3/2019
21:24
The way I see this share just now Is that Mira has it by the balls If she squeezes said sweet meats Many will call her a nasty c.w Not me though , hence the dot
buywell2
08/3/2019
19:57
Netcurtains, reference your posts: netcurtains 8 Mar '19 - 14:33 - 1248 of 1256 Do we know how old John Rigg is? Just thinking - potentially, down the road, he might sell TRIAD for about £1 to £2 a share (especially if each year they add £1M to £500K to the cash pile). netcurtains 8 Mar '19 - 14:39 - 1249 of 1256 Or he might retire by doing a Special ONE OFF SPECIAL dividend, giving the millions in the bank to us share holders. He must be approaching 70 (as he was an MD in 1983 - so assume youngest age was 30, that makes him minimum 66). Tend to think he'll sell the company or special dividend the lot before he retires. Per Companies House records, the board are aged as follows: Age per Co House records John Rigg (Exec Chair) 72 Nick Burrows (FD) 47 Adrian Leer (MD) 53 Chris Duckworth (NED) 65 Alistair Fulton (NED) 70 Steven Sanderson (NED) 57 I'll leave it to others to comment but it's quite mature :) Netcurtains, you may have a point!
bones
08/3/2019
19:24
The next AGM has the potential for fireworks. At the last one, Mira Makar only had 1.2M to play with, the rest being held by the "Trustee". Now she has 3.9M. Last year, around 40% of the total shareholders (excluding MM) voted, so her shares amounted to 16% of the votes cast. Next time, she has a gross 25% so votes could be much closer and special resolutions needing 75% of the votes might fail to be passed. Maybe that is what John Rigg had in mind in the 1st March RNS last week when he said: "Mira Makar is the registered holder of 3,951,452 shares in the Company (24.74%) which makes her the second largest shareholder by a substantial margin. We trust she will lend her full support to the current successful efforts to take the Company forward. The Company remains as always open to a constructive dialogue with Ms Makar in order to describe and explain current developments and progress."
bones
08/3/2019
19:01
Arthur, see post 1251.
bones
08/3/2019
18:12
Well who did then?
arthur_lame_stocks
08/3/2019
17:50
Well done Bones that makes more sense.
brendainvesta
08/3/2019
17:14
From a cursory search, it seems Thomas Charlton is an ex-Blackrock UK Investment Director (until 1998). htTps://beta.companieshouse.gov.uk/officers/3eJL7quOZWlmHcG1hpFhe0R2YxI/appointments Nowadays, he is an investor with interests in small companies, based on page 1 of a Google search throwing up Petards, French Connection, Touchstar, etc. Clearly he did not vote against anything at the AGM in that size and why would he?
bones
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
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