||EPS - Basic
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Tricorn Share Discussion Threads
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|Interesting developments at AVG. TCN seems bid proof though............|
|Business has turned a corner directors have been buying bucket loads Godwilling 30p is quite achievable within next 12 months|
|Back to 30p then.......haha|
|Caterpillar sales finally stop falling (more or less) thanks to booming sales in Asia. (Komatsu turned months ago thanks to a bigger presence there.)
|Year ends in march
Hopefully we might get trading update|
|More director buying.|
|Fair enough Aleman & Val.Just not too certain that Caterpillar are customers....if they are would expect some confirmation by TCN but can't find anything.DD|
|TCN bought Whitley and renamed it Franklin Tubular Products.
The nature of TCN's business is almost like supplying nuts and bolts. They won't just supply directly to industrial equipment makers like Caterpillar, VW, Volvo, Deere, JCB and New Holland (all of which I have seen connected to Tricorn through media reports or annual report photos) but will also supply indirectly through suppliers of engines, hydraulic, braking and cooling systems to the above.
I have no idea how significant each of the big names might be. With much going through an indirect supply chain, one probably can't know. I was just reporting monthly news from Caterpillar and Komatsu to give an idea of how the global regions might be doing. I am not aware of monthly updates from other manufacturers. TCN sales have seemed to roughly follow global markets in the past, as one might expect with a company that produces a wide variety of "bits".|
Have a look at clause 6g(4) in this link:
"Seller shall format such MSDSs and labels to identify the Item as a Caterpillar-branded product."
It would be strange to have such a condition in the purchase terms if Caterpillar were not a customer. Of course the purchase terms could be out of date and it does not of itself prove that Caterpillar is a current customer but you get the idea.|
|".....like Caterpillar and Volkswagen"Sorry but doesn't state that Cat & VW are customers of TCN.Will keep trying to find out.DD|
|"The Whitley plant manufactures precision metal products such as tubing for use in equipment and vehicles made by companies like Caterpillar and Volkswagen"|
|Thanks Aleman.Doesn't say caterpillar are a customer and that article is 3 1/2 years old.DD|
|Thanks Aleman, any chance can post up a caterpillar link, searched but cannot find anything.DD|
|Yes and don't know. Tricorn produce so many bits and bobs of pipe assemblies for various brake, engine and other hydraulic assemblies that they probably do something for just about everybody. Hence, it is useful to follow sales of the bigger players as market indicators.|
|Are Caterpillar & Komatsu customers of TCN?Not aware they are but wtfdik.DD|
|Komtrax data finally turns positive in the USA, taking all 4 regions positive for the first time in this recovery.
|Yep it did, but it (eps) didn't go up 110x, just over 3x.Are caterpillar a customer?DD|
|EPS rose by 1.8p between 2010 and 2011 as its markets recoveed. Why do you think a 2.0p rise should be impossible between 2016 and 2017 if the company is now a bit bigger and its markets have started to recover?|
|So you expect eps to increase 110x for next year in line with the single (house broker?) broker f/cast?. Good luck with that!.DD|
|I said next year. Your figures are for this year which have the weak H1 in them. Komatsu only started showing strong sales growth in the last few months and TCN interims end in September. TCN's markets look like they should have picked up a bit for H2 and we have new contracts which suggest better to come. I hope to see next year rather stronger if Caterpillar start to pick up as well - not that these are TCN's only customers; they are just companies that do monthly sales figures which help indicate market activity.|
|AlemanFair points, but a lot has changed since the last recession. They do seem to be turning the corner.That said don't know how you get a PE of 5.7, this FY on forecast eps (0.2p) its 62x, but doubt they will achieve f/cast eps, H1 was 0.01, so annualised 0.02 that's a PE of 625....unless I'm missing something doesn't look value to me!.DD|
|Reinstatement of the dividend as well.|