Triad Share Discussion Threads

[joerog] 27/6/2020 18:29

Netcurtains: any that you are looking at/ in now in the uk?

[paleales] 27/6/2020 14:34

SocGen, Suisse, Peel Hunt , Goldman sachs TOP PICKS for July recovery
27th June 2020 FT Subscription with screenshot

[netcurtains] 27/6/2020 13:37

Yes motely fool emailed today explaining why NET NET stocks are incredibly high risk (eg they tend to get this way because the poorly managed and going down fast)

Where COVID comes in though, it gives us a window to buy relatively well managed stocks hit by COVID really cheaply. Japan might not be the best place for those stocks - I'd say the UK is a good place for COVID hit NET NET stocks.

[joerog] 27/6/2020 12:44

Any that can be traded on HL? I know the German and Canadian shares can but outside Europe and the US/ Canada they don't have many options; certainly none in Asia. I am in a number of shares which I hope are undervalued but also high risk: PHSC, TCN, SIM, PPIX, TRD and just some collective trackers to have some balance.

[cjohn] 27/6/2020 10:09

Nearly all my buys fall into the category of deep value shares: i.e. shares that are trading at a significant discount to tangible asset value. (I was aware of SIM for that reason.) A significant percentage are in companies not trading on a UK market - Japan, Canada, US, Germany, Poland in order of monetary value.


Yourself?

[joerog] 26/6/2020 13:25

Thanks John. I was aware of that but not to that detail. Which shares are you interested in?

[cjohn] 26/6/2020 10:04

Hi joerog,

regarding the governance issues, take a read through the SIM thread for a better account than I can give.

[joerog] 25/6/2020 16:15

Thanks cjohn. What do you mean? The ongoing litigation?Yeah, I saw that about the acquisition team and thought it was a bit strange to publish that - why would they need to?

[cjohn] 24/6/2020 17:59

BTW joerog, I took a closer look at SIM. There are some significant governance issues...…

Also, they've set up an acquisition group and are going to try to acquire their way to scale in the simulator industry.

[cjohn] 23/6/2020 10:09

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.

[joerog] 23/6/2020 10:03

Thanks for your view. I am invested in hope that they achieve a decent contract which hasn't been factored in and they can get revenues back to 6m plus and profitability again.

[cjohn] 23/6/2020 09:29

Hi, joerog,

No, I'm not invested in SIM. I'm put off by the lumpiness of their turnover and the fact that they have to maintain so much inventory. It means they don't generate much/any free cash and at some point they may well have a significant inventory write down.

[joerog] 22/6/2020 18:51

Thanks CJohn. Are you invested in it? What are your thoughts? Any other ideas?

[cjohn] 22/6/2020 17:38

$7.022m asset value.

- $1,068m intangibles = $5,936m tangible asset value


Current market cap at 6.5p = £3.3m = $4.125m.


So PTBV (price to tangible book) = 0.69

and PBV (price to book value) = 0.59.

[joerog] 22/6/2020 17:27

What do you have net assets as? I only went by the last results and converted to £

[cjohn] 22/6/2020 17:22

You mean current price around 2/3rds net assets!


Annual turnover in recent years: $4-5m. Inventory: $3.59m. So v poor inventory turnover. Hasn't generated cash over last few years. Making a heavy loss. And dependent on lumpy large contracts from USAF et al.

If they did pull off some mega-contract, of course, share price would soar.

[joerog] 22/6/2020 16:57

Arthur: I had a look there but it doesn't seem to have anything recent - fancy getting it going again? What about SIM for starters? 3m market cap and cash of more than that with net assets around 2/3 times current price.

[arthur_lame_stocks] 20/6/2020 13:07

netcurtains

May I suggest that if you are becoming interested in buying stocks trading at a significant discount to Net Tangible Asset Value that you try Rainmaker's Value thread (VAL).

It's been very quiet in recent times but we could resurrect it.

Another one I suggest you take a look at is Titon (TON).

[diku] 18/6/2020 12:18

The impact of the lockdown is still to be felt...first half results will be key...






The impact of Covid-19 did not have a significant impact on the results for last financial year but it did require us to adjust all aspects of the Group's activities to operate on a fully remote basis. It is testament to the agility of our workforce and systems, combined with the willingness of our clients to entrust the ongoing delivery of their objectives to Triad, that most of our engagements have continued without interruption.

[diku] 18/6/2020 12:07

Somebody earlier said they didn't furloughed staff...wonder why?...over confident...

[weatherman] 18/6/2020 10:30

"The Group continued to recruit new consultants, and the Board has encouraged the pace of recruitment to increase. The management team is clear about the Group's direction to drive more profit through the use of permanent consultants and this financial year has seen significant effort go in to building for the future and not simply focusing on current utilisation rate."

In my view, it is worth holding on to see if there is growth from this low base.

[netcurtains] 18/6/2020 09:18

buywell3: Well done but you were totally wrong - you said the cash burn was big - In fact cash pile has gone up since December results.

cash at the end of September 2019: £2.96m

cash at the end of March 2020 £3.8m

the cash pile has risen by almost a million.

[buywell3] 18/6/2020 09:09

buywell3 - 10 Jun 2019 - 14:48:27 - 1402 of 1691 UNBELIEVABLE (IT software) !!!!!!!!!!!!!!! - TRD

If TRD perform like they did last year

I think dividends will take a hit/stop

Because it could go break-even like what I said last post

Government contracts .... whilst a couple of years ago looked ok

In today's messy political quagmire ... buywell gives this a thumbs down

I shan't be investing ... but thankyou