Tribal Share Discussion Threads

[arc en ciel] 21/11/2001 11:30

Excellent results posted today. The management seems sure-footed in making a cohesive force out of a series of acquisitions of seemingly disparate businesses. The claimed eps of 3.95 excluding Employee benefits and Goodwill Amortisation is misleading; the profits have flowed from the acquired businesses as well as generic growth so it is hardly fair not to allow for the costs of acquision, especially as the goodwill is being amortised over probably more years than the useful life.

As a long-term holder, I will be taking up the 2-for-9 issue and look forward to years of growth ahead in this flourishing sector. With some £26m in the bank after the Offer, Tribal has the firepower to build a mini-Capita in its chosen fields of activity.

In hindsight, the mark-down in September was irrational and a significant further buying opportunity.

[big dan likes boys] 21/11/2001 11:22

I guess the answer was yes!

[harleymaxwell] 09/11/2001 18:53

anyone reckon this can get past £3 or is it worth looking at nae or lty?

[cat] 29/8/2001 23:17

LONDON (AFX) - Tribal Group PLC said that current trading is ahead of the
corresponding period in 2000 and is in line with the group's expectations
It said it was positive that the full year as a whole will demonstrate
further substantial growth.
The group which, recently acquired GWT Group, said it will continue to make
further acquisitions which either consolidate its position in its core markets
or take it into new areas.
It said its core public sector markets in education and local authorities
offer excellent opportunities, adding that it continues to win a number of
contracts in these areas

[jonc] 29/8/2001 09:02

AGM Statement:

[the other kevin] 21/8/2001 14:39

Jon C - Well-defined, thanks. As with all indicators, its importance is strengthened when it occurs with others. Poor Tribal has nothing else going for it yet, as far my charts show.

[chrisg] 21/8/2001 13:37

Jon C - Aha! Thanks for that.

Regards

Chris

[jonc] 21/8/2001 13:17

Chris,

A golden cross is when the 20 day MA moves above the 50day MA which has happened with TRB.

It is not a very reliable indicator IMO and as TOK points out it is not a decisive break.

Regards

Jon C

[chrisg] 21/8/2001 12:59

The Other Kevin - OK, I'll admit to not understanding your post. Care to spell it out for a simpleton like me? :-)

Thanks and regards.

[the other kevin] 21/8/2001 09:59

And underneath a magnifying glass you can just about make out a Golden Cross

[jonc] 21/8/2001 09:29

Another day another acquisition.

Shame about the lack of interest:

[cat] 12/8/2001 19:12

Almost as well placed as Nord Anglia.
:-)

[sugar spun sister] 12/8/2001 13:27

Expect some big annoucements when parliament returns regarding PFI and an extension of private contracts into the public sector - Tribal Group is well placed to benefit - i see 350p within 6 months

[dil] 05/7/2001 19:20

Good breakout on a bad day. These and Nord will both be major benificiaries of that very nice Mr Blair's education policies :-)

Dil

[jonc] 05/7/2001 19:16

Ye olde chart is looking a bit better.

JC

[fishman] 05/7/2001 09:44

No mention of those massive trades yesterday near end of day?
Plus large-ish moves up today on small volume.
Ok, this could be down to low liquidity (only 34 million shares, most held by institutions, and Mr Pitman has 35%), but it could be a sign of the well-deserved re-rating. The last results looked v good.
There is a dark cloud over the whole private/public scenario.
Minus that, I see TRB growing drammatically.

[artful investor] 05/7/2001 08:46

Chart is looking a lot more positive more. Price has moved up very easily off of very few trades over the last couple of days.

[keyboard] 02/7/2001 13:31

Chart has to send out "more" positive signals first.

[jonc] 01/7/2001 23:57

hmm. But nobody else.....

[jonc] 30/6/2001 08:12

Telegraph seem quite keen:


Schools rule for Tribal

"EDUCATION, education, education." Labour's mantra has been ringing in the ears of private sector companies since 1997 and the most ambitious have answered the call.

The outsourcing of what used to be public services is a burgeoning industry, with the education market expected to double in value from £2.5 billion to £5 billion within three years.

Established in September 1999, the Aim-listed support services provider Tribal Group may have joined the race late but it has been quick to make up lost ground. It is now one of the leading teacher training organisations and Ofsted's largest independent school inspector.

Last week the company posted full-year profits that more than doubled to £2.8m on turnover 54pc higher at £24.1m. The heady growth has been driven by an acquisition spree in which the group has snapped up 10 companies in two years. With funding facilities of £14m in place, further purchases are on the cards.

These will add to Tribal's capabilities, which already cover a third of the education market. With over 80pc of sales from public sector contracts, exponential growth is a pretty safe bet.

What's more, David Telling - the chairman and architect of infrastructure investment specialist Mitie - is Tribal's chairman. His expertise at growing public-sector support-service companies has already proved invaluable.

Tribal shares, at about 280p, are trading at 24 times forecast earnings, which is cheap compared to larger rivals such as Capita on 60 times. Buy.

[jonc] 30/6/2001 08:11

Telegraph seems more enthusiastic:


Schools rule for Tribal

"EDUCATION, education, education." Labour's mantra has been ringing in the ears of private sector companies since 1997 and the most ambitious have answered the call.

The outsourcing of what used to be public services is a burgeoning industry, with the education market expected to double in value from £2.5 billion to £5 billion within three years.

Established in September 1999, the Aim-listed support services provider Tribal Group may have joined the race late but it has been quick to make up lost ground. It is now one of the leading teacher training organisations and Ofsted's largest independent school inspector.

Last week the company posted full-year profits that more than doubled to £2.8m on turnover 54pc higher at £24.1m. The heady growth has been driven by an acquisition spree in which the group has snapped up 10 companies in two years. With funding facilities of £14m in place, further purchases are on the cards.

These will add to Tribal's capabilities, which already cover a third of the education market. With over 80pc of sales from public sector contracts, exponential growth is a pretty safe bet.

What's more, David Telling - the chairman and architect of infrastructure investment specialist Mitie - is Tribal's chairman. His expertise at growing public-sector support-service companies has already proved invaluable.

Tribal shares, at about 280p, are trading at 24 times forecast earnings, which is cheap compared to larger rivals such as Capita on 60 times. Buy.

[jonc] 25/6/2001 13:18

The market seems underwhelmed by the results.



Total trades 1700 so far.

JC

[cat] 18/6/2001 12:13

wriggling - results on the 25th.