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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
  +3.00p +7.50% 43.00p 110,927 12:12:23
Bid Price Offer Price High Price Low Price Open Price
41.00p 45.00p 43.00p 39.90p 40.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 27.82 1.66 10.45 4.1 6.7

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DateSubject
19/5/2019
09:20
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 40p.
Triad Group Plc has a 4 week average price of 35p and a 12 week average price of 35p.
The 1 year high share price is 80.50p while the 1 year low share price is currently 34.50p.
There are currently 15,606,979 shares in issue and the average daily traded volume is 12,734 shares. The market capitalisation of Triad Group Plc is £6,711,000.97.
25/4/2019
15:22
edpick: Hargreaves Services is another I keep my eye on. Shares trade significantly below book value but the share price has gone down and sideways for ages now.
16/4/2019
13:15
bones: Edpick, I would not say it is in decline in the structural sense peculiar to Triad but it is in an economic downswing in line with the macro picture. Recovery in share price will be affected by both company actions and the macro environment, I think. In addition, TRD is weighed down by the disruption of the 24% shareholder that the company successfully sued for harassment recently. See posts throughout 2019 here for that detail. I am not as down on this share’s future as perhaps you are but patience will be needed, I agree.
16/4/2019
12:40
edpick: Bones, definitely agree with you about the latent value but at the moment I can't see it being unlocked. All of the directors have been associated with the business 10+ years and I don't get a sense of any drive/desire from them to realise shareholder value here. Given the cash, I'd think there'd be a floor in the share price not too far from where we are now. However, as the business is, as I see it at the moment, in decline, I reckon shareholders could be frustratingly hovering around these levels for some time. Going to keep an eye out for the results and might change my mind.
16/4/2019
11:30
edpick: Thanks Bones. So no one really knows why they aren't buyers at these levels... With the cash balance and market cap where it is this, company seems tremendous value. However, I'm not really seeing any strategy or clear direction reading the annual report and interim - just caution over the competitive environment. The cash is pointless if it's just going to sit there. Why not indicate to the market their intentions with it? Extrapolating the interims forward to next year, another £2.5m drop off in H1 revenue but improvement in GM to 20%, with administration costs constant would give H1 profit of c.£200k. With a declining trend like that I think the share price would suffer further. Question is, is this a business on a serious decline?
12/4/2019
15:13
bones: Garth Gross margin has been increasing: htTps://uk.advfn.com/stock-market/london/triad-group-TRD/share-news/Triad-Group-Plc-Half-year-Report/78761664 Moving to perms from contractors is the way it is going due to likely change to contractor tax laws from 2020. Employees are cheaper than contractors as a trade off for employment security and NIC costs for company come into play. Triad’s vacancy list is long and suggests they are likely busy and using their staff to the max (assumption on my part). We cannot know for sure if the strategy is paying off but the company is priced for mediocrity given its cash is more than half the M Cap. Those are my basic reasons for investing here at any rate. I have done tons more digging though so I am not advising anything here!
01/4/2019
22:01
bones: Owenski, thanks for quoting me. For the record, the RNS I referred to was here: htTps://uk.advfn.com/stock-market/london/triad-group-TRD/share-news/Triad-Group-PLC-Directors-Shareholding/741037 As for your questia link, that is interesting although, in 1998, if an IT company wasn’t doubling its profits annually, you would want to sack the board! Those were easy days for IT consultants with Year 2000 panic in full swing!
12/3/2019
22:04
bones: 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.
08/3/2019
13:54
bones: Wiganer, Nick Burrows is able to exercise options over 125,000 shares currently, just a case of when it suits him I guess. Can buy 100,000 @ 13.5p and 25,000 @ 11p. He will also be able to exercise another 75,000 after March 2021 but those will cost 53.5p each. Adrian Leer's current total of 155,379 included 150,000 bought under options just last month (100k @ 11p and 50k @ 13.5p). He also has a further 150,000 lined up at 53.5p after March 2021. The good thing now is that both of these main executive directors have or will soon have a decent number (well, just over 1% each!) of personal shares to make it that little more worthwhile to get the share price moving albeit they have already quadrupled their little investments. I agree it would be nice to see a little more (paid for) equity in the hands of the directors to lend incentive. Their respective salaries are reasonably comfortable in the £140k - £170k range including perks but excluding share options. Probably not enough to make the company a lifestyle vehicle, so yes boys, let's see some share price appreciation as part of strategy and make yourselves a little richer!
05/3/2019
13:16
bones: Regardless of the shenanigans of the last few months (that I have observed from a distance reading this thread) and the apparent overhang of shares held by the "Trustee", I have decided to dip a toe on the basis of the bare accounts. It appears this is a company "worth" £6M and change, but has nearly £4M cash in the bank (and may have more than £4M as five months has passed since half year end). An enterprise value of £2M then. That makes it valued on an EV basis of about 15p a share. EPS for this year might be 6p - 8p? So, little more than a cash-excepted PER of 2. I am in for an initial 50,000 shares at an average of under 41p. Netcurtains, are you still holding AOR? That one is winning our current share price race by some distance, but anyway I have finally been tempted in here.
20/9/2018
08:15
netcurtains: s34icknote: The average PE ratio in this IT market is about 24 (eg something like Cap Gemini). Triad currently has a pe of 7. So to get a PE ratio of about 24 Triad would need a share price of £2.57p . (3.5 * 73.5) - That is how cheap we potentially are. Has Triad ever had a share price that high before? Yes about 10 years ago. It can happen.... If we get some reasonable growth.
Triad share price data is direct from the London Stock Exchange
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