Triad Share Discussion Threads

[netcurtains] 04/9/2017 08:04

s34icknote: WEY up 7% today. I dont think ZOO is...

[s34icknote] 01/9/2017 10:10

Think zoo is over taking wey ! The new triad Sicknote

[netcurtains] 30/8/2017 09:11

s34icknote: Your ZOO is almost as good as my WEY has been for me (I was in at about 6p-8p : hoping for £3 a share within 10 years, but will not hold my breath). With TRIAD there is still all to play for.

[netcurtains] 30/8/2017 06:00

No - but I know the state of play is probably on the lines of replacement orders coming through in September (or not).... Its waiting time until news.

[mcfly79] 30/8/2017 05:50

Did anyone go to the AGM? Would appreciate any feedback.

[s34icknote] 30/8/2017 05:43

Hi net This one still treading water.My switch to zoo has paid off !The new triad for me !It's overtaken wey but I think you got in at a lower price than my 9p at zoo !Might even buy back in here if zoo keeps rising !Sicknote N a I d y o r

[netcurtains] 29/8/2017 17:01

If Triad announce a big order this share could go up loads. If they dont we're stuck here for a while until results time.

[buywell3] 29/8/2017 15:47

Well perhaps I am more in touch with my feminine side I cry watching films too

[pj 1] 25/8/2017 22:15

A qualified Accountant. That goes personally Bankrupt. With £millions in unsold shares? I'd say good riddance and move on.......

[buywell3] 25/8/2017 20:00

So It is what it is To be fair Mr Rigg has got this comany back on track and Triad is going places Motivated staff ... and following the 'Block Chain' path looks to be paying dividends. I read all this stuff months ago about Mira and Mr Rigg ... it seems to be a great shame, they obviously loved each other ... but business interests and responsibilities got in the way and trumped love. How sad was that .... I have to say I do feel that Mira Makar has had a rough deal from the authorities and legal system. TRIAD (TRD) could become a great Ten Episode BBC Drama ... and yours truly could write the script What would be truly absolutely FANTASTIC .... as far as I am concerned And I bought circa 1% of TRD a while back ... presumably from Paul Atkinson ... but that is a guess What would be absolutely fantastic ... is for Mr Rigg to take back Mira Makar into the TRD BOD She has talent AND she has guts .... I like this lady TRIAD (TRD) could become a truly BIG story if some of the people involved in this Drama ... did a rethink ... admitted that mistakes were made On Both Sides And started again .... looking after us poor suckers called shareholders ... who pay for the tickets to see your performances play out in real life.

[buywell3] 25/8/2017 08:58

I agree A false market has been in place for some time now Who stands to gain by this ? And why has the TRD CEO not done something about resolving the issue ? Sacked whistleblower chief vindicated Tuesday 7 November 2006 23.41 GMT The former chief executive of Triad Group, a small IT consultancy with clients ranging from Tesco to the Department for Transport, has won an undisclosed settlement from the company after she was sacked for raising what the board admits were reasonable concerns. Mira Makar, a ballerina turned accountant, was suspended with immediate effect by John Rigg, Triad's executive chairman, in February last year after he interrupted a meeting she was having with Evolution Securities, the firm's brokers, at which she had been detailing her concerns. She was sacked in December. Lawyers for Ms Makar had been due to begin presenting her case before an employment tribunal yesterday, but a private settlement was agreed just hours before the hearing was scheduled to start. Ms Makar and Mr Rigg - who had been involved in a personal relationship with each other that ended some years ago - each hold 29.7% stakes in Triad. Shares in the company fell 3p yesterday to 23.5p, leaving the loss-making company with a market value of only £3.6m. It is also saddled with a considerable legal bill. In a statement to the stock exchange, the company said: "The directors accept that Ms Makar had a reasonable basis for concerns on a number of financial issues ... The directors also accept that Ms Makar acted properly in drawing attention to these matters." Triad declined further comment other than to say: "Events leading to her dismissal were unfortunate and the directors regret the distress Ms Makar has suffered." Ms Makar's concerns are believed to have focused on invoicing issues at Generic Software Consultants, a recruitment subsidiary in Milton Keynes. She had hired accountants from Egan Roberts and the private investigations firm Stork to look into the matter. Ms Makar claimed she went to Evolution only after Mr Rigg had failed to support her investigations. In July last year Mr Rigg issued a statement telling investors that PricewaterhouseCoopers intended to comment in the full audited accounts on what it believed were "accounting control issues" that violated the Companies Act 1985 but the full report and accounts were unqualified. Nevertheless, the audit firm resigned in June this year. In its report and accounts, Triad blamed credit control issues on a number of exceptional circumstances including an unprecedented workload, the loss of two experienced staff and a new invoice-processing system. It said all information was recorded correctly and a "slippage in cash collection" was recovered in full. The company received a letter from the Financial Services Authority last year but is confident that it is no longer the subject of the regulator's attentions. hTTps://www.theguardian.com/business/2006/nov/07/3

[pj 1] 25/8/2017 08:54

There must be an administrators Report some where that would show who the claimants to the funds are. At least getting a copy of that would be a starting point. I was refused one.

[pj 1] 25/8/2017 08:52

She's bankrupt. The shares are in Limbo until either a preferred debtor takes them on, or they are sold to distribute. Atkinson has the problem that any ''dividend'' has to be maximised for the benefit of those most entitled to the funds. I had hoped any financial institution may have taken them, but I suspect after this time frame it's not that easy. IMO TRD should update on the situation as its creating a false market

[buywell3] 25/8/2017 08:39

The way I read it is PWC won the legal case They took the shares from Mira Makar and still hold around 17% Paul Atkinson is the trustee appointed and works for PWC What is not clear is how many TRD shares PWC wants/needs to sell re the legal ruling from the court case Presumably X number of TRD shares sold = the sum Y pounds sterling awarded to PWC What will happen when X=Y , regarding any TRD shares left I don't know Perhaps they go back to Mira Makar hTTp://www.independent.co.uk/news/business/news/pwc-quits-as-auditor-to-troubled-triad-6098371.html hTTp://www.fortfield.com/casefiles/Mr%20Shannon.MP.email%20trail.Baroness.Hogg.13-1.April-2011.pdf

[netcurtains] 25/8/2017 07:06

buywell3: but each sell must have a buyer. Its quite possible if Triad have another reasonably good set of results, some investors might want to be long term holders of significant amounts of stock.

[buywell3] 25/8/2017 06:46

sailing john Not a bad idea but 17% of 15.49M = 2,633,300 And that does not work Also if Paul Atkinson the Trustee had gone below 17% he should have put out an RNS should he not Fittster23 Aug '17 - 17:03 - 448 of 469 1 0 A google throws up: "Currently FCA rules mean that anyone holding 3% or more of the total issued shares in a company must disclose that position within two trading days of crossing that threshold, providing the company is incorporated in the UK, and that will come via a TR1 notification in RNS form. Subsequently for each 1% threshold crossed (up or down – although no further disclosure is required once a holding drops below 3%) a further TR1 notification is required." If that's correct it suggests Paul Atkinson still has a lot of shares to dispose of. So good news from the company, shares rises, he sells as many as he can and down goes the price. The problem with Triad is currently there's limited upside because of the forced selling but you still have the inherent risks that comes with investing in any company Some good work done here congrats After doing some more homework I think Paul Atkinson has in fact gone below 17% and sailing john is in fact correct I hope the following 3 posters look at where I am posting +ve comments , and join in either with +ves or -ves .... more brains = better outcomes Impvesta sailing john Fittster23

[sailing john] 24/8/2017 23:15

Re voting against Perhaps Atkinson split his vote 50% against and 50% in favour - ie voting full holding but not affecting outcome (except in John Rigg vote?) Might be in the rules or etiquette of being a Trustee in Bankruptcy?

[ntv] 24/8/2017 18:01

where is that trading update?

[ntv] 24/8/2017 18:00

liquidator waiting for direction. this would get murdered if there was a profits warning because i am guessing liquidator would then be forced to ditch his stock at whatever the price. interesting times imho

[ntv] 24/8/2017 17:58

lots of ifs and buts in comments. if the company had issued a trading update then things might clearer for all parties involved. it didn't because it didn't have to and companies should be made to. most companies know what is going on with finances all the the time so no excuses like "it is only a couple of months since we last issued one" the people in the know, know whats going and so should we mere mortals

[pj 1] 24/8/2017 17:18

Did anyone attend the AGM?

[buywell3] 24/8/2017 16:48

The way I saw the dividend announcement was as a sop to the Receiver who now holds 17% of TRD stock ie don't sell ... hold and get more by way of dividend , at least for the time being Perhaps if things go better next year and profits rise , TRD can start buying back on some sort of an agreed basis arranged with the Receiver , Paul Atkinson , so that they achieve a better price over say the next 2 years than if they tried to off-load 17% of stock in a few weeks Which might hurt the share price a bit Paul Atkinson started with 21% of TRD shares 7 April 2017 Shares have vested in Paul Atkinson as Trustee in Bankruptcy of Mira Makar by virtue of s306 of the Insolvency Act 1986 Now he is down to 17.3% But the share price has suffered Looks like Paul Atkinson works for PWC , who won a case V Mira Makar hTTp://www.maitlandchambers.com/information/recent-cases/mira-makar-v-pricewaterhousecoopers-llp-2011 Will common sense prevail and PWC do some sort of agreed wind down of their holding via Paul Atkinson ( trustee)? Who I presume is this gentlemen hTTps://www.pwc.co.uk/contacts/p/paul-atkinson.html If so one would assume that such an announcement would benefit both parties ie the share price would recover and TRD could start to carry out an agreed buy back.

[netcurtains] 24/8/2017 16:05

buywell3: its all very weird - could be at the bottom of it all someone just ticked the wrong box - or someone is saying to chairman "take it private"....

[buywell3] 24/8/2017 16:02

Well done Impvesta There are 15.49M shares in issue Here are the major shareholders Major Shareholders Name Type Amount Holding % Dr. John Rigg - 4,509,400 29.11 Paul Atkinson - - 17.39 Thomas William George Charlton - 6.04 Director Holdings Name Type Amount Holding % Mr. Alistair Fulton - 354,100 2.29 Mr. Steven Sanderson - 104,089 0.672 Chris Duckworth - 13,379 0.086 So it looks like Thomas William George Charlton , who holds 935596 shares (6.04%) has either added or A N Other has voted with him with a holding of 322,003 shares The only other holder with around that number is Mr Alistair Fulton who showed 354,100 shares hTTps://www.youinvest.co.uk/market-research/LSE:TRD?tab=6 Interesting isn't it

[netcurtains] 24/8/2017 11:14

Impvesta: I agree - but then again 8% is sort of saying something.... Cant help thinking its the receiver... Cant think who else would want to vote against everything apart from who is to be chairman!