Triad Share Discussion Threads

[sunshine today] 27/11/2020 10:13

Understood.

For those that want to ten bag, buy and hold stocks like these.

Just sit back, and wait.

Shares like this, can often rise today’s share price (37P) , in a single day.

[netcurtains] 27/11/2020 10:11

Belfry17: exactly!
And once they reinstate the dividend 80p might seem cheap (if they make £2m).
Assume they make profit of £0.5m to £1m then I think trading range should be 48p to 78p (going by past share graph)
Thus its reasonable to assume we should hit that range soon...

If we make profit of £1.5m to £2m I think trading range should be 89p to £1.90p

[belfry17] 27/11/2020 10:05

Sunshine: the netnet being referred to is a huge discount as it excludes fixed assets and only uses current assets less total liabilities compared to the market cap. It is cheap still based on other methods, I think.

[netcurtains] 27/11/2020 09:54

sunshine Today: I think CJohn is saying he agrees with you that its a great NAV and PROFIT play but its not a NETNET play.

[sunshine today] 27/11/2020 09:52

I can’t agree it’s not deep value right now.

Your in effect paying £2M for what is likely to be £2M profit next year.

That £2M is the extra your paying after deducting the cash.

Plus you get a massive safety margin built in

[belfry17] 27/11/2020 09:49

Yes, this rise came quicker than expected so it is pleasing and there is a good rise to come, I think. It is another example of how, as you say, lots of bargains were created recently.

[cjohn] 27/11/2020 09:45

Delighted with these results and with the excellent update. I thought it would take a while longer to turn trading around.

Only in moments of serious market distress, do you get asset-light companies like these trading at a discount to net tangible asset value. A real bargain. Still a way to go, in my view, though no longer a deep value buy.

[amt] 27/11/2020 09:31

I doubt a pe of 20 is likely for a while.
However once and if it becomes clear this is a strong growth company then yes market caps of £40m plus are in reach. Its only 2 times turnover.
I put this into my 10 bagger possibilty portfolio.

[sunshine today] 27/11/2020 09:30

I can’t see the stock not being double today’s opening price by Jan 21.

[nobilis] 27/11/2020 09:30

Bought these bad boys

[sunshine today] 27/11/2020 09:26

Must be a good case for £2M next year on a pe of 20 is £40M market cap.

£6M market cap today.

[amt] 27/11/2020 09:19

Yes working from home could be a big driver here.
They seem to have now come up with a very good business model helped by their excellent software.
Clearly a very nimble operator and one that looks like it will come out of the Pandemic in very good shape and very efficient.

[imastu pidgitaswell] 27/11/2020 09:19

Well done netcurtains, pleased for you. I remember discussing this earlier in the year, but it is just too illiquid for me - but well done!

[sunshine today] 27/11/2020 09:13

In prior years , working on a much poorer business model, the company made £1.5M in profit.

Now they have large cost savings working from home, staff on the books, and a vastly improved business plan.

[sunshine today] 27/11/2020 09:09

@40P your paying just Two million, for a company that could in my opinion make that next year in profit. ( £4M cash ) Today’s market cap £6M.

Could be on a forward PE OF ONE.

[sunshine today] 27/11/2020 09:06

This share will double from today’s opening over the next few weeks.

It’s grossly undervalued, cash makes up most of the companies value.

[ntv] 27/11/2020 09:02

Good call nc
I have only just arrived though

[amt] 27/11/2020 08:50

The market likes the numbers.

[amt] 27/11/2020 08:49

Managed to buy a few more.
The large increase in headcount indicates a strong outlook and with increasing margins this bodes very well.
Haven't they done incredibly well during covid, no furlowing is incredible and just wait until business gets back to normal.

[amt] 27/11/2020 08:33

I am trying to buy but only got a few.
Cash 4m no debt.
Market Cap 5.2.
Annual revenue about 18m
Gross profit increasing.
Strong outlook.
Perhaps get back to 2 or 3m profits after Coronavirus is over.
So basically buying in for virtually nothing.
Can't be much risk on downside.
Upside next year say 2 x pe of 10 that's 30m or £1.20
Current fair value in my view 70p based on. 0.5m profit this year
DYOR

[netcurtains] 27/11/2020 08:23

If anyone is interested I have bought more this morning. I have no intention of selling any for a long time. This is "no pump and dump" - this, I believe will have a good run over the next 12 months

[netcurtains] 27/11/2020 08:19

Currently Triad is 70% of a basic model netnet stock.
eg:

current assets 6274 - total liabilities 2772 = 3497

3497 is about 70% of market cap.

eg if you deduct the cash the entire company is currently valued at about £1m but it will probably make at least £1m in profits this current year (See forward statement).
If a company is worth about ten years annual profits then this company share price should rise a lot over the next 12 months .

[scepticalinvestor] 27/11/2020 08:19

Very well done on this netShould have looked at this more carefully when it was in the low 20's!

[photon] 27/11/2020 08:18

Very well run business in challenging times. Certainly seems to be a case for this returning to three-year highs over next few months. Impressed with the cash position.

[chrisdgb] 27/11/2020 08:12

Outlook statement is nice and punchy.........