Tribal Share Discussion Threads

[qs9] 08/5/2009 20:28

AGM soon is it not?

[nellie1973] 07/5/2009 16:48

Hello whats this rise for??

[nellie1973] 21/4/2009 18:44

All quiet on here. Why has this dropped??
What a dull share!!!

[wcjan26] 21/3/2009 09:47

no mention on here that this company is, i think, now nearly 25% (indirectly) owned by BT Group. i have seen in BT's subsidiary list that they own this stake through 'funds managed'

what's going on then ?

[qs9] 17/3/2009 18:41

Glad I am in anyway!

[qs9] 17/3/2009 07:21

Cracking set of results IMO and net debt only £19m which hopefully with this level of profitability can be paid down reasonably quickly. Either way 14pish of eps makes shares at c.£1 a steal IMO for the medium-long term.

[kinmar] 25/2/2009 14:00

I have been following Tribal for a while and I think the reason for the cautious wording with the trading statement is that for the past year Tribal (like the other six Regional Inspection Service Providers - RISPs) have been involved in a tendering process for a new contract with Ofsted for inspection of UK schools.

Today's announcement that they have been successful in their bid to do all Ofsted inspection work for the Southern region (by far the largest of the three regions) is wonderful news and is reflected in the 10p hike in their share price.

The new Ofsted contract is worth £72m (over a six year period). I can see the shares gradually motoring ahead. The benefit of the Ofsted contract is not only the revenues it generates but this is a huge kudos in generating work elsewhere - particularly in the Middle East where a lot of the education is being replicated along the Ofsted model.

[qs9] 01/2/2009 11:24

Is there a new broker note post trading update?

[qs9] 28/1/2009 20:35

I think 38% compared to 40% going into a better market/year is not a bad result all things considering! If assume no more deals, its cash flows over the next year IMO should pay a decent chunk of the debt down, leaving it room for either increasing divi or share buy-backs IMO.

Topped up today as see this as core holding and one that IMO could get taken out when p/e etc start looking at things again.

[billf2003] 28/1/2009 11:26

Tribal Group is one of the listed service suppliers to the Public Sector that I rate highly since its refocusing in 2007. The good news is that it has released a positive statement on trading for the year to 31 December 2008 – "it is confident the Group will perform in line with its expectations for 2008". I would expect an annualised profit of around £12M (eps around 14p) – and with the new acquisition, annualised revenue in excess of £200M going forward.

However, I note some caution, both in the wording of the trading statement – e.g. "our business model continued to prove resilient" - and the statement that Tribal entered "the new financial year with approximately 38% of 2009 planned revenue already committed", disappointingly less than the 40% reported going into 2008 and, given Tribal's supposed focus on longer-term projects, a figure that I would regard as quite low. I somehow feel that Tribal's confidence on its ability to achieve significant organic growth in 2009 is somewhat muted.

However, I suspect that this is no more than would expect in the current financial environment, and I would fully expect Tribal to use its "resilient" business model to help it avoid cost wherever possible and achieve some profit growth in 2009. Tribal has made great steps forward since the disposal of it Mercury Health venture, and I remain a strong supporter.

[bletherer] 28/1/2009 11:16

Liable to be strong resistance at £1, but I liked the statement. I'll continue to hold.

[qs9] 28/1/2009 07:14

decent statement...

[qs9] 16/1/2009 08:10

Looks a good strategic fit, need to work through numbers, but statement says earning enhanching this year.....very interesting.

[qs9] 11/1/2009 21:33

Next few days could be key to where this moves IMO, breakthrough £1 will be good sign IMO, any chartists knocking around here?

[qs9] 08/1/2009 20:36

Still going....!

[qs9] 05/1/2009 18:21

Kiss of death usually huntie2, but relative strength looks good IMO. ANy chartists got a view?

[huntie2] 05/1/2009 17:59

topped up again, today, so hope you are right QS9!

[qs9] 05/1/2009 10:22

Hopefully the bounce will continue, trading update cannot be too far off, if debt is reducing from the previously reported c.£17.5m (DYOR) then this IMO should begin to look cracking value again....

[qs9] 11/11/2008 20:16

Trading in line, and off 30%, wow.

[qs9] 31/10/2008 06:27

Trading in line, debt (for latest deal) manageable and IMO should be paid down reasonably quickly given cash flows, decent sector to be in (Keynesian spending by government may continue to help likes of TRB IMO).....all lead to this IMO being oversold.....DYOR