Tribal Share Discussion Threads

[edmondj] 17/12/2014 07:40

Is this the start of more wider warnings outside some of the classic cyclicals (e.g. PFC, PFL, ECM) one wonders.

[fishbournetrader] 17/12/2014 07:29

14 November 2014:

"Based on our expectation of contract completions and the achievement of key contract milestones before the end of the year, Tribal's trading remains in line with our expectations for the full year."

Note that in November they used the word "expectation" and today this has changed to "depended on".

I would suggest that in November they did not expect these completions and milestones to be achieved.

[essential] 17/12/2014 07:29

Ouch .- maybe a good chance to top up or take a position on the impending fall

[simon gordon] 17/12/2014 07:17

17/12/14:

"In our Interim Management Statement of 14 November we highlighted that the outturn for the year depended on contract completions and the achievement of key contract milestones before the end of the year. Given the timing of a number of contracts, including those announced today, we now believe it unlikely that certain key milestones and completions will be achieved before our year end. As a result, we anticipate that our profits for 2014 will be below the Board's previous expectations. The Board expects the benefit of these deferred contract milestones and completions will be recognised early next year, which will underpin our expectations for 2015."

[simon gordon] 18/11/2014 14:26

Bit of a surprise to see Crystal Amber reducing by 350,000 shares.

[simon gordon] 14/11/2014 08:03

As Fergie said...

"squeaky bum time"

[simon gordon] 08/9/2014 06:31

Crystal Amber - 8/9/14:

Tribal Group PLC ("Tribal")

Tribal is a leading education technology and services company active in the UK, Australasia, the Middle East and North America. Its systems and solutions include student records software, benchmarking services and school inspections. Its products are critical pieces of enterprise software: they support student admissions and manage the academic progress of students through module-based courses. In the most advanced versions, they can generate predictive analytics of student outcomes. They also deliver tangible paybacks to customers: Trinity College Dublin estimates to have improved its cash position by €6 million since it implemented Tribal's electronics admissions and fee collection system. Predictive analytics deployed for another customer should reduce student dropout rate, a drain on universities' revenues.

The educational market is populated by companies selling content and delivery mechanisms (e-learning), two fields in which Tribal does not operate, and by companies that have developed student management systems, mainly as an offshoot from HR and Finance software packages. Tribal's competitive advantage is its deep expertise and focus on educational institutions. Education, which like healthcare is dominated by not-for-profit entities, is a favourable market for customer referrals and for sharing of good practice. With virtually no customer attrition, Tribal has grown to dominate the UK higher education market, with around 55 per cent market share.

Highly profitable maintenance revenues have been growing progressively and now stand at 15 per cent of total group revenues, or £18.8 million. In the meantime new contract wins and their implementation revenues have grown faster. The 12 to 18 months period that an implementation takes gives an indication of the complexity of the product.

From its UK base, five years ago Tribal initiated its international expansion targeting Australasia. Starting with the University of Sydney in 2009, additional wins followed and Tribal now generates around 20 per cent of its total revenues from the region. For the government of New South Wales, Tribal is developing a new model of integrated student and childcare management, extending from early years to higher education. This product will cover children's services, including wellbeing and early intervention programmes. The programme is expected to go live before the end of the year and it has the potential to be rolled out in other Australian states and back into the UK. Early in 2013, Tribal acquired i-graduate, a student satisfaction surveying company. This complements Tribal's benchmarking capabilities and brings relationships with top level officers at more than 500 higher education institutions around the world, many of which are in Tribal's target markets.

Until three years ago, Tribal's strengths in education were hidden beneath a conglomerate of public sector related businesses. In 2010, government austerity hit its revenues and forced Tribal to rethink its acquisitive strategy. In 2011, the remaining non-education related businesses were sold. Simultaneously, offers were received for the company, suggesting that the value of the educational assets was being recognised. Tribal was in an offer period for most of 2010.

In 2013, Tribal announced a new contract with the University of British Columbia in Canada, which has over 50,000 students. As usual, its value is open ended: the university will order licences for additional modules as the previous ones are installed. The Canadian market is approximately 50 per cent bigger than Australia and gives access to the larger US opportunity.

Having regained investors' trust in the solidity of its education assets, Tribal is now winning credence for its growth potential in international markets. Whilst on trailing results Tribal does not appear undervalued, we believe that the current price is not reflecting the growth prospects. Since initiating the investment in March 2010, we have maintained a very positive sustained engagement with the board including discussion of its growth strategy and product roadmaps, issues that in our view require continued monitoring. Since its long offer period, its education business has grown and is more attractive to other business services companies. In our opinion, during this growth phase, the interest of shareholders would be best served by Tribal remaining independent.

[sjc] 06/9/2014 16:37

free stock charts from uk.advfn.com
Chart looks positive scsw core holding tipped Dec 2012 @ 106p

[apad] 22/8/2014 08:44

Tipped in IC (based on overseas expansion).
apad

[chizgreen68] 15/8/2014 15:13

Someone seems to like us today

[illtud] 14/8/2014 14:38

You're not missing anything at all.

imho, Tribal ticks a lot of boxes for a long term hold.

Among the products that Tribal offers, it has the SITS Vision system that has proved to sell well to universities in the UK and internationally and which is highly cash generative. It is what enabled Tribal to survive the recent dark period. Once SITS Vision is embedded in a university's systems, the university tends to retain it for at least a ten year period, during which time the income generated usually increases through the purchase of added functions.

There are also few/no obvious competitors and there are high barriers to entry into the field.

An added factor is that Tribal usually wins the contracts it goes after for SITS Vision and is seeking to develop and expand.

The current BOD is the one that brought the company around after the disastrous performance of the previous BOD. imo, the BOD are pursuing a carefully thought out strategy to make the company a success and it shows every sign of working.

[its the oxman] 14/8/2014 11:17

4.3p eps for H1 leaves this looking up with events and plenty to do in H2 or am I missing something?

[welsheagle] 13/8/2014 12:34

Both Canaccord Genuity and WH Ireland are reiterating their 'buy' recommendations today, with target prices of 240p and 275p.

[illtud] 13/8/2014 10:12

I hope to top up on Tribal again, once some of my other shares hit their targets.

[illtud] 13/8/2014 10:10

I topped up on today's dip.

2015 should be a good year for Tribal once they are rid of Ofsted. It will leave them free to focus on their core profit making business

[illtud] 05/8/2014 16:14

The interims should be good but it remains to be seen if they affect the price.

[sjc] 31/7/2014 09:19

a href='http://uk.advfn.com' title='Free stock charts & share prices from uk.advfn.com'>

[simon gordon] 31/7/2014 09:17

Interims due 13th August.

Be interesting to see the H2 outlook having done two months.

Currently 12.5x 2014.

Losing OFSTED and a heavier 2nd half weighting have dulled the story for now.

Hopefully, some action in N. America will reignite interest.

[illtud] 31/7/2014 06:49

There are issues:

Tribal may be seen as having a poor history and in recovery.

The last report disappointed many.

Tribal doesn't issue many RNS about new developments. A complete contrast to some other companies such as Quindell, for example.

I am still confident about Tribal. It is very cash generative. Just be patient.

[illtud] 30/7/2014 16:33

So I notice. I really cannot understand it.

[its the oxman] 30/7/2014 13:06

Now 163p. Not a lot of belief here it seems.

[illtud] 22/7/2014 10:23

High volume today. Why should that be. Anyone know?

[illtud] 22/7/2014 09:07

oops. sorry wrong thread

[illtud] 22/7/2014 09:05

Drilling has started on puka 3

[johnwise] 08/7/2014 06:17

Tribal Group PLC Contract award

RNS Number : 6677L
08 July 2014

Contract to deliver a global student management system for the British Council

Tribal, a leading provider of technology-enabled solutions to international education, learning and training management markets, is pleased to announce a contract with Prolinx Limited, under which it will provide a student management system to support the British Council's worldwide education delivery activities.

The British Council is the UK's international organisation for educational opportunities and cultural relations, and operates in over 100 countries. Through its training centres around the world, it is a leading provider of English language teaching and examinations, delivering courses to approximately 368,000 students each year.

Tribal's Sky Software student management system, which will be deployed through Prolinx's private cloud, is expected to be adopted in all British Council training centres during the initial 5 year contract term, supporting efficient student administration and consistent business processes around the globe.

Keith Evans, Chief Executive, commented "We are pleased to be working alongside Prolinx and the British Council, which is a powerful advocate of British education around the world. Sky Software has made excellent progress since becoming part of Tribal in March 2014, and its selection in this programme illustrates the strength of its student management systems."