Tribal Share Discussion Threads

[simon gordon] 06/3/2014 07:04

RNS - 6/3/14:

Tribal Group plc ("Tribal"), a leading provider of technology-enabled management solutions to the international education, learning and training markets, is pleased to announce that it has acquired the entire issued share capital of Sky Software Pty Limited ("Sky Software").

Sky Software is a provider of cloud-based student management systems to the vocational and higher education markets in Australia, the Asia Pacific region and elsewhere in the world. Based in Geelong, near Melbourne, Australia, Sky Software's system complements Tribal's portfolio of education management systems, as it caters for smaller institutions, and offers strong operating synergies. The founding executive team will continue to lead the business as it moves forward with Tribal. Sky Software has a growing pipeline of new business opportunities, and as a result the transaction is expected to be earnings accretive in the year ended 31 December 2014.

Initial consideration for the entire issued share capital of Sky Software on a debt-free/cash-free basis will be A$4m, with up to a further A$17m payable in deferred contingent consideration, dependent on the future earnings growth of Sky Software over the period ending 31 December 2017. All consideration payments will be satisfied in cash from Tribal's cash resources available through its existing revolving credit facility.

The unaudited loss before tax of Sky Software for the year ended 30 June 2013, restated in accordance with IFRS, was A$0.6m and the value of gross assets at that time was A$4.5m.

Keith Evans, Chief Executive of Tribal, commented: "Our strategic priority is to provide our customers with evidence-based systems and solutions that will support the on-going improvement of educational outcomes. The Sky Software product set fits well with the Tribal product strategy and provides a cloud-based smaller education provider solution. Its current customer base will also extend our reach and profile in the wider Asia Pacific region."

Nick Stanley, Chief Executive and co-founder of Sky Software, commented: "Sky Software is at an exciting point in its development and the combination with Tribal will provide the additional resources and breadth of expertise required to ensure its success over the coming years."

[deltrotter] 04/3/2014 16:53

Thanks Simon, this is what I have been banging on about:

"Among core
activities/products, software which Tribal
has developed and will install and maintain
is essential to the running of an education
organisation. It is via Tribal software that its
clients interact with their student populations
from application to the university or college,
through to graduation and beyond.
"

We couldn't run our Uni without it.

[simon gordon] 04/3/2014 15:29

TRB the main tip in the March issue of WHI Spy:

[deltrotter] 04/3/2014 13:43

Nice volume again into the prelims on 14th.

[deltrotter] 25/2/2014 16:55

Nice closing auction. Someone is buying.

[illtud] 25/2/2014 16:55

Nice little jump at the end of today.

Somebody must be expecting good news on the 14th.

[deltrotter] 24/2/2014 12:30

looks that way for the last week mick33.

[mick33] 24/2/2014 11:31

Ummmm
nice tight spread and a bit of selling not causing a ripple , maybe we have a large buyer in the background.

[welsheagle] 15/2/2014 20:17

Thanks for the information, Illtud.

[illtud] 13/2/2014 21:37

I suppose it is possible to say that there is a cup and handle there but that the cup formed from October to January and the handle since January.

As I said, I'm a novice when it comes to charts.

illtud

[illtud] 13/2/2014 21:29

But I still like the way the share price has gone today.

[illtud] 13/2/2014 21:28

If you believe in it, it's supposed to indicate the probability of a strong surge in the share price

The cup, some say bowl, is formed by a wave of selling followed by a period of relative stability followed by a new wave of buying.

There is then a short period of relatively weak selling, maybe caused by profit taking. That might be followed by a pause for breath. Then the right hand side of the handle forms as buyers come back in and the share price takes off.

The cup and handle pattern followed by a strong increase in the share price has occured often enough to be written about in numerous books on share dealing.

Unfortunately, there is no guarantee that the rise in the share price will actually happen. If we are lucky, it might this time.

Having said that, this one doesn't really look all that much like a cup and handle to me after all.

illtud

[welsheagle] 13/2/2014 20:16

Illtud, What is significance of a cup and handle

[illtud] 13/2/2014 14:20

For any chartists out there, it looks as if a cup and handle is forming.

illtud

[simon gordon] 07/2/2014 14:10

If I post the HTML code it doesn't appear. I will find the ADVFN thread which has instructions on how to do it, back in a short while.

======

There is a thread for HTML users but I can't find it, the best thing to do is go to the FXD thread and ask Fingers and the fellow readers how to post a chart, they will either show you to do it or point you in the right direction.

Good luck

[gomore] 07/2/2014 13:16

thanks for that Simon. How do you post the charts onto the thread? It won't allow me to paste anything like that in a reply.

[simon gordon] 07/2/2014 12:53

Yesterday it was the eighth largest daily volume traded in near-on nine years:

[hastings] 01/2/2014 20:42

Nothing new or original,but some thoughts that may be of interest.

[deltrotter] 21/1/2014 11:46

LOL - will do. UBC is, as I say, a cracking start.

Vancouver a wonderful place to visit in the summer...

[simon gordon] 21/1/2014 11:38

Del,

Ace!

If you ever get a sniff that they're close to landing an Ivy League uni don't forget to post :-)

[deltrotter] 21/1/2014 10:42

Yes, after seeing your post on CR's thread last week Simon. I work for a top 10 Uni that uses SITS - and hadn't realised that Tribal were the owner.

It is so integrated into the core of the Uni that it would be nightmare to replace - hence why I expect recurring revenues are strong. Also, most Uni's are the same (they recruit and then 'manage' students) so that the product will work well at nearly all Uni's.

Crack the US and this, as you say, is heading in the FTSE 250.

[simon gordon] 21/1/2014 10:11

Del,

Good to hear.

Do you hold?

[deltrotter] 21/1/2014 08:22

Yup, good post Simon. I was at UBC last May and they mentioned they were getting SITS. UBC is a great Canadian Uni with a leading worldwide reputation (Top 30 in the world). A great customer to have on their books IMO.

Again, I would reiterate, once you starts using SITS you would struggle to stop using it - it becomes an absolute CORE information system.

[illtud] 20/1/2014 22:31

Good post, simon. It is why I'm invested. As far as I'm concerned, Tribal is a world beater. It will just take time for everyone to realise it.

illtud