Tribal Share Discussion Threads

[scorpione] 03/10/2024 18:14

Still holding here! I cannot believe that Jenzabar chose to block the Ellucian offer but refused to make a firm offer for Tribal!! They cannot very happy with their holding the way it's going at the moment!!

[tomps2] 23/8/2024 09:49

Tribal Group #TRB H124 results presentation given by management earlier this week.
hxxps://piworld.co.uk/company-videos/tribal-group-trb-half-year-results-presentation-august-2024/230;
Improving ARR, EBITDA & FCF.

[simon gordon] 20/8/2024 11:07

Tech Market View - 20/8/24

Tribal moves on from NTU settlement with revenue up 5.2%

Education software and services provider Tribal Group has announced results for the first half of FY24 (ended 30 June 2024).

Group revenue for the six-month period was up 5.2% to £44.9m on a constant currency basis compared with H1 2023, driven by a 6.1% increase in Student Information Systems (SIS) revenue to £35.2m and cloud revenue climbing 26% to £6.3m – all growth figures improved (some significantly so) since the group’s FY23 results (see Tribal posts strong cloud growth, but NTU dispute still casts a shadow).

Although sales performance was impacted by a pause during the abandoned Ellucian offer period (see Ellucian to buy Tribal) and universities' caution, due to uncertainties over student numbers, Tribal’s ARR remained stable at £54.4m (with core product ARR increasing slightly to £52.1m, offsetting declines in non-core business). The company expects ARR to remain relatively flat through H2 2024, with its current pipeline of opportunities unlikely to close or deliver revenue by year-end.

Statutory profit after tax fell significantly by 68.9% to £1.4m (H1 2023: £4.7m), mainly due to £3.4m of exceptional costs (including £2.8m for the Nanyang Technology University (NTU) settlement agreement and associated legal fees, and £0.5m of restructuring costs).

Tribal has been focused on optimising its core Student Information Systems for cloud deployment and has also introduced a new industry-standard pricing model (the Higher Education Full-Service model - HEFS). It’s designed to help customers get more value from Tribal solutions (and lower their total cost of ownership) through licence bundling, combined with professional services effort targeted at reducing technical debt and templated solutions for end-to-end processes to ease cloud migration routes. The company expects to move customers onto HEFS by August 2025.

In conversation with TechMarketView, Tribal’s Mark Pickett (CEO) and Diane McIntyre (CFO) cited the company’s recent win at SOAS (one of its 34 customers now moving into the cloud) as illustrating the “reinvigoration” the company feels post-NTU, post-Ellucian offer (a “return to business as usual”). There remains over 70 customers Tribal is keen to work with, to move their solutions to the cloud – representing “a £20m cloud opportunity over the coming years”.

[citys2874] 24/5/2024 07:35

Good morning lovely start for TRB and CRTM both rallying looks like we are in for a happy Friday

[tomps2] 27/3/2024 09:12

Tribal Group (TRB) Full Year 2023 Results presentation - March 2024

Tribal Group CEO, Mark Pickett and CFO Diane McIntyre present results for the year ended 31 December 2023.

Watch the video here:

Or listen to the podcast here:

[value viper] 09/2/2024 13:24

The other institutions need to get together collectively and jump up and down

[value viper] 09/2/2024 13:23

This is being played Jenzabar block a 74p offer ! Denying holders that exit Can only assume they will look to offer for the balance they don't own at a lower price than that

[samsj] 06/2/2024 22:57

It could be a Playtech, it could be a Pendragon and a nice risk reward trade at this level... There was also the TechnologyOne interest, on which there was an interesting afr article. That story also gives very mixed messages re: how this plays out.

[value viper] 06/2/2024 11:59

Hhmm so Jenzabar is a pain thenThey must want a return on their investment or not ? Any idea what they have paid for their stake ?I wonder what the other institutions make of this situation - suspect they all well down and need a capital uplift Jenzabar are thus depressing the price by being there - what for a bit of sport ??All a bit weird

[dr biotech] 06/2/2024 10:21

Think the takeoever was blocked more because they didn't want Tribal to fall to a competitor than to make their own offer. They have said they won't bid themselves. Guess everyone would have their price but my understanding is the offer has lapsed and thats the end of it.

Seems very similar to PTEC - this as subject to a recommended bid around 680p before a group of asian investors bought a c20% stake to block it. Lots of chat about them bidding themselves or being expert investor who will be selling to a higher bidder etc. Current price 450p

[samsj] 06/2/2024 09:39

we don't know... also have an unknown with the Competition and Markets Authority which can do what they want.

Do you know the market stats for these systems in UK, on how concentrated the market is?

[value viper] 03/2/2024 10:40

At the right price I assume it gets taken over ?

[value viper] 03/2/2024 10:05

New to this. So the largest shareholder has recently blocked the right of other shareholders to accept an offer north of 70p per share.So what - all other shareholders are seemingly totally in the hands of JenzabarAssume they therefore think it is worth more and I note they further increased their stakeOr is having Jenzabar actually bad news for shareholders wanting a capital uplift / exit here

[simon gordon] 06/10/2023 15:12

Looks like the best bet might be to sell into the market, just in case the CMA block the deal or it drags on for months and months.

Tech Market View - 6/10/23

Ellucian to buy Tribal

Bignews in the HE EdTech space as US-based Ellucian announces an agreement to acquire UK-based Tribal Group, valuing the latter at a £159m market capitalisation (with an implied enterprise value of £172m).

Tribal

Tribal is best known for its SITS student information system (in use in over 1,500 universities worldwide), although its portfolio also includes tools for managing university admissions and apprenticeships, and a range of other services (such as quality assurance). Having returned to growth in 2021 (for the first time in five years – see Tribal returns to growth), Tribal continued to grow in 2022, albeit at below the education subsector average—maintaining the company’s Top 10 ranking amongst suppliers in the UK education SITS market (see TechMarketView’;s Public Sector Software and IT Services Suppliers, Trends and Forecasts 2023-26; our report focusing specifically on the education subsector will be published shortly).

Ellucian’s flagship product is its Banner student information system, although its products also cover a wide range of university management requirements—from HR and finance, to student and alumni relations. The company serves over 2,900 universities globally, although its presence in the UK ranks below Tribal (though still in our UK Education SITS Top 10).

Whilst the announcement talks of Tribal’s offerings helping to “enhance and expand [Ellucian’s] product capabilities” (with both focused on developing their cloud businesses), it’s also in geographical presence where the two will leverage a combined advantage. Between them, Tribal and Ellucian occupy the #1 and #2 spots respectively in the UK HE sector for student information systems, with a joint market share that would encompass a sizeable majority of institutions.

Understandably therefore, the proposed acquisition will be the subject of anti-competitive scrutiny by regulators, so all eyes now on the CMA. Watch this space!

[tomps2] 29/8/2023 08:21

Tribal Group (TRB) Half Year Results presentation - August 23

Tribal Group CEO, Mark Pickett and CFO Diane McIntyre present Interim Results for the six months ended 30 June 2023.

Watch the video here:

Or listen to the podcast here:

[kemche] 02/5/2023 07:28

Seriously - why is this thing listed?

[simon gordon] 02/5/2023 07:17

At this rate the compensation claim could reach the value of the contract!

[simon gordon] 20/3/2023 17:53

Wonder if the CEO is for the chop? £17m contract down the toilet and could cost them a few negative millions. Not good for their reputation in Asia which was a big future growth area for them. At least they are not carrying a big slug of debt.

[kemche] 20/3/2023 08:25

kemche1 Dec '22 - 09:49 - 1469 of 1478 Edit
0 0 0
Serial disappointer.

[qs99] 05/1/2023 20:30

will use that at work next time I have proof read something badly! Haha.

Have a good evening and glad to see TRB moving ahead.

[smithie6] 05/1/2023 19:35

...I also suffer from that
"typing far too quickly and not re-reading my typing!!"

surely a sign of super intelligence, our brains being so far ahead of our typing fingers !

je je !

[qs99] 05/1/2023 16:52

haha, indeed and I am usually the first one to pick up on this, joys of typing far too quickly and not re-reading my typing!!

[smithie6] 05/1/2023 08:49

probably just a typo. ;-)

(sadly 50% of posters don't seem to know the difference between "there" & "their"
which is surprising for ppl with enough spare cash to play the stk mkt.
...or phps they are London plumbers, who phps earn a fortune !

[qs99] 05/1/2023 08:44

oops sorry, yes you are correct, D- for spelling/grammar.

Must try harder into 2023! haha.