Tricorn Share Discussion Threads

[soundbuy] 11/9/2018 10:47

AGM tomorrow - trading update??

[glasshalfull] 05/7/2018 17:40

Lovely quiet thread & nice to see some formidable investors here :-)

I was delighted with results & have also been adding steadily.

Link to their June 2018 presentation for anyone that is yet to see it.



Kind regards
GHF

[essential] 05/7/2018 16:49

Bought in here. Great looking chart and 90+ stock rank. Looks ready to break higher

[playful] 12/6/2018 23:34

Very canny investor Dion Steward was involved here and shows patience is the key to unlocking high returns..

[wilmdav] 06/6/2018 22:10

Excellent H2 on all fronts.

Scope for improved margins on a business of this sort.

There is a momentum about improvements in recent results as well as the share price.

Upgrades to forecasts?

[guerdale] 06/6/2018 20:38

Thank goodness likitorma is not my financial adviser.Wrong on every count !!

[tomboyb] 06/6/2018 07:22

You can see why -

Excellent results -

[skinny] 06/6/2018 07:02

Tricorn Group plc ('Tricorn' or the 'Group'), (TCN.L) the AIM quoted tube manipulation specialist, announces its audited final results for the year ended 31 March 2018.

Highlights

· Revenue increased 19.8% to £22.180m

· Profits up 260% to £0.827m

· Excellent progress across both divisions and our Chinese joint venture

· Long term agreement secured with London Electric Vehicle Company

· Cash generated by operations of £1.532m, up £0.717m on previous year

more.....

[skinny] 05/6/2018 12:56

A 10% rise the day before results!

[likitorma] 22/5/2018 21:38

Debt looks very high and should that cash flow start to suffer, the debt could be a major issue. Share price got ahead of itself, I think. Pricing too much of future EPS.

[glasshalfull] 03/5/2018 10:10

FCF forecast to be strong in FY2018 so we should see that net debt has reduced to under £3m when results are released in a months time IMHO.

With margins increasing & op gearing kicking in I’m hoping that they’ll be able to materially reduce net debt in the next few years & reintroduce a dividend next year.

Kind regards
GHF

[likitorma] 03/5/2018 05:49

Looking good but the debt is high, standing at £3.47 million.

[meijiman] 02/5/2018 14:47

Yes its looking good here. Caterpillar is a decent customer for Tricorn and they reported very solid numbers recently. This would not look expensive at 40p.

[glasshalfull] 02/5/2018 13:40

I’ve also declared a holding & been adding to a position since the 10.04.18 update.

As I posted over on Twitter : -

Earnings growth estimates considerable between 2018-2020 as operational gearing kicks in ✅

Forecasts EPS
2018 +173%
2019 +47%
2020 +48%

Kind regards
GHF

[battlebus2] 02/5/2018 13:28

I’ve been buying over the last few day, I can see 40p without much fuss but DYOR etc.

[westcountryboy] 02/5/2018 13:19

I don't think so, just chatter arising out of last week's Mello event.

[likitorma] 02/5/2018 13:05

Takeover at premium?

[meijiman] 10/4/2018 09:11

And triple yes. stonking update and no mistake.

[meijiman] 26/1/2018 19:49

Yes and yes

[123prezzie] 26/1/2018 19:15

Caterpillar seem to be on a roll. Are they still an important customer of TCN? Is this significant?

[meijiman] 06/12/2017 08:41

Yes -even very good.

[pugugly] 06/12/2017 07:19

First glance figures look good -

[thevaluehunter] 12/9/2017 21:38

Let's hope for a good set of numbers tomorrow.

[meijiman] 27/7/2017 09:07

One of the bigger TCN customers and a very good way of looking at overall TCN activity levels is Caterpillar. Another upgrade from them.

[guerdale] 18/7/2017 08:10

I think the relatively large volume is as significant as the price