Tribal Share Discussion Threads

[interceptor2] 02/2/2012 14:05

The latest research note from Hardman make a very interesting read imv. See below.

[interceptor2] 30/1/2012 09:23

Brought in today. Should have brought after the trading update really, but the director's buying has confirmed how they view the potential here. a much more focussed education and training business now, since the last time I was invested here.

Not easy to find good stocks for the ISA imo.

ic2...

[penpont] 22/1/2012 22:01

The IC report this week that company broker Investec have upped the 2011 forecasts by 10% to 8.5p eps. Don't know yet what they go for for 2012.

Prev forecast was 7.7p for '11 then 8.5p for '12, so wouldn't seem unreasonable to now hope for 9-9.5ish for year just started... Still feel there's a good chance of 30%+ coming here, all going to plan.

[nurdin] 20/1/2012 10:10

starting to breakout again....70p next stop I reckon ;o)

[nurdin] 20/1/2012 09:28

Tribal Group plc

20 January 2012

Director Shareholding

Tribal Group plc ("the Company") has been notified of the following purchases of ordinary shares in the Company.

On 19 January 2012, Group Finance Director Stephen Breach purchased 46,549 shares at a price of 61.23p per share. Following this purchase, Mr Breach and his connected persons are beneficially interested in 191,703 ordinary shares in the Company or 0.20% of the Company's total issued share capital.

On 19 January 2012, Chief Executive Keith Evans purchased 62,721 shares at 61.38p per share. Following this purchase, Dr Evans and his connected persons are beneficially interested in 433,662 ordinary shares in the Company or 0.46% of the Company's total issued share capital

[judgement] 17/1/2012 08:52

Have the performance conditions for the LTIP options been made publicly available anywhere?
Without seeing the detail, it would appear an outrageous scheme. They certainly seem disproportionate to anything they've had in the past, and appear to take advantage of their own recent under-performance.
If the performance conditions are genuinely demanding, then such generous "incentives" might have some excuse.

[wjccghcc] 16/1/2012 08:55

Hardman upgrade them to 8.0 EPS this year rising to 8.1p next year.

[nurdin] 16/1/2012 08:53

Indeed penpont ! :o)

[penpont] 16/1/2012 08:50

And me - prior to the 'significantly ahead' statement, the housebroker Investec had them down for 7.7 eps, so I reckon somewhere in the region of 8.5p + is possible. Looks like at least a 30% uplift on the share price from here is quite realistic.

[nurdin] 16/1/2012 08:35

I have followed them...the business looks recession proof and the price is cheap ...;o)

[dangersimpson2] 14/1/2012 11:58

CEO & FD still seeing value at current levels with both almost doubling their holdings today:

[mvrck] 13/1/2012 15:12

Thank you for your continued patronage.

[dangersimpson2] 13/1/2012 12:51

Nice to see a positive trading statement for 2011 for a change!

The trading performance of the Group was strong in the final quarter of the year, and adjusted profit before tax for the year ended 31 December 2011 will therefore be significantly ahead of the Board's previous expectations.

[lucky_punter] 21/12/2011 07:10

Wey looks to build on education changes

The latest wave of reforms to the state education sector are expected to open a £53 billion market to the even greater private sector participation.

[dangersimpson2] 26/9/2011 13:12

A high profile contract win for their SITS: Vision product. It's an RNSNON so not significant in terms of revenue/profit as a stand alone contract but as a PR win they don't come much bigger in eduction.

[dangersimpson2] 16/9/2011 10:14

Directors continuing to buy. They held very few shares into the downturn which suggests that they had good sight of the issues the group was facing and aren't ones to buy simply to keep up appearances. That they are now happy to keep buying suggests to me that the remaining education business is performing ok and they see value at current prices.

[she-ra] 13/8/2011 13:28

I knew education all that is left and was just saying that it was the shining light in a company that was struggling.

It has good operating margins so lets see what comes out on Tuesday.

[dangersimpson2] 12/8/2011 20:22

There's only education left! Any reason for expecting particularly strong education revenue?

I expect these results will be dominated by one-off costs of selling the other parts of the group and slimming down central overheads. Hopefully we should be able to read through to the underlying cash-flow that can be expected from a normal year. The cash-flow statement has never been segmentally broken out but I think some of the discontinued businesses had positive cash-flow despite being loss making from an accounting POV. Even without this contribution I reckon the education business is capable of generating c£10m FCF in a normal year which could be used to pay down debt or pay dividends. This would make the current price only 4xFCF.

[she-ra] 12/8/2011 15:02

Results out Tuesday.Education should be good.

[napoleon 14th] 01/7/2011 23:48

Butch speaking!LOL
Not going to set the world alight overnight,
but time should pay the patient - long term only (ISA)

[dangersimpson2] 01/7/2011 09:41

Director's holdings were pretty minimal so you still wouldn't say they had significant 'skin in the game'. But looking at the share-price graph over the last 5 years you can see why!

So the fact that they've begun to buy recently suggests that the slimmed down group has turned the corner and there's value to be had at current levels. (They couldn't have bought much sooner due to the takeover talks.)

[pmeldrum] 01/7/2011 06:40

Interesting late rns's yesterday

A couple of Directors Purchases and

Tribal Group plc ("the Company") has today entered into a share dealing plan with its Chairman John Ormerod pursuant to which Mr Ormerod has agreed to use his net fee in every third month to make market purchases of ordinary shares in the Company. The first such purchase will take place on 30 September 2011, and subsequently on the last dealing day of December March, June and September in each year.

Mr Ormerod has agreed to hold any shares purchased under this arrangement for as long as he remains a director of the Company. The agreement may be terminated (as long as the Company is not in a prohibited period) by Mr Ormerod on 30 days' notice at any time after 30 April 2012.

[simon gordon] 23/6/2011 19:53

Nap - you're so butch !

[napoleon 14th] 23/6/2011 19:34

I did think the sellers were fainthearts...........