Tricorn Share Discussion Threads

[ntv] 10/7/2019 09:03

the company really needs to produce a decent positive cashflow
Not saying you make loads of money if you don't generate cash
dividend is hardly worth bothering with
I have a small initial position that I bought slightly higher
I will wait and see what the next results are like

[meijiman] 10/7/2019 08:51

This is very good news. The share price really should be much higher than it is. A bit below the radar. The new broking house should hopefully be able to help in promoting the company and maybe put out a report. There is a good story to tell.

[zipstuck] 10/7/2019 07:19

Looks like margin and sales volume increases are on the way in the US.

This is looks as if it is worth a re-rating on improving results and low PE

[tiswas] 26/6/2019 14:43

I have read back through the rns news and this thread but have not been able to identify the specific reason for the big drop in the share price since June 2018. Anyone have any thoughts? Looks interesting but seems to need a shake up in management to me.

GHF and battlebus still around?

[tiswas] 04/6/2019 13:02

Anyone seen any brokers notes? It does seem remarkably cheap!

[zipstuck] 03/6/2019 09:45

The Group built on the good trading performance of the prior year and continued to expand on its manufacturing capability which resulted in solid improvements in both revenue and profitability. The Group has made a point over recent years of making considerable investment where it believes that this will yield significant benefits in the short and medium term. This was again the case in the year, with investments being made in tangible assets and development costs to secure contracts with new and existing customers, which are already beginning to deliver returns.

Hence the confidence going forward

[meijiman] 03/6/2019 08:59

Agree with all of those points. Must be a potential bid target.

[ntv] 03/6/2019 08:39

massive jump in second half results
bringing work in house should help improve this years results
prospects look encouraging

[ntv] 03/6/2019 08:32

An interesting little company needs a tadge of research I think

[zipstuck] 03/6/2019 08:31

They maintained 2nd half EPS at H1 levels despite energy division, Declared a divi and have lots to play for.


At these levels someone will take them out if it doesn't get revalue.


I don't often say buy. But this looks like a screamer

[pugugly] 14/5/2019 09:07

Agreed nice expansion however many of our US customers have significant exports to China and will be hit by Trumps Tantrums with a knock back to TCN - Hummmmmmmmm!!

[meijiman] 14/5/2019 08:55

Nice little RNS this morning..buying something cheap has to be a smart move.

[newtothisgame3] 06/4/2019 20:58

Tricorn Group PLC (LON:#TCN), which makes tubing and not 18th-century three-sided hats, was up 12% at 19p after saying adjusted pre-tax profits for its latest fiscal year would be 30% higher than the year before.

[meijiman] 02/4/2019 13:53

Yes noticed that fall. Maybe an institution offloading. Not sure if anything in the business has changed since the last update. Does look cheap but nothing new in that.

[pugugly] 02/4/2019 13:35

18 month low and (for TCN) highish volume - Almost looks like a sell tip somewhere over the weekend or just as a result of US economic slowdown? Not holding at the moment but approaching an interesting share price (imo)

[aleman] 01/2/2019 19:16

Wrong thread

[pugugly] 01/2/2019 13:25

meijiman - Not sure - Look at CML a profitable cash rich coy this morning - Small profit warning and down 26% at the moment - Similarities while market cap much larger shares are similarly very illiquid -

[meijiman] 28/1/2019 16:26

Surely in the price?

[pugugly] 28/1/2019 16:03

Red flag ?? Given the importance of China in driving revenue as per interim accounts
"The company's results were hurt by a slowdown in sales in China, where the economic growth rate has slowed to levels not seen in almost two decades. The company said construction industry sales in the Asia/Pacific region declined 4 percent from the same quarter a year earlier."

[pireric] 31/12/2018 15:09

EBITDA is less useful when you have quite large capex each year

Chuck on top of that very volatile revenues, a largely fixed cost base (Evidenced in operating losses in recent years), and the reason why this trades on a low multiple is obvious IMO

[sharw] 31/12/2018 14:39

At the interims net debt was 1.85 x running EBITDA. which is reasonable.

Liquidity is a problem - the MCAP is around 6m of which the company states " % not in public hands (in so far as aware) 53.03% ".

[john148] 31/12/2018 13:36

Can`t see interest rates rising for sometime.

[pugugly] 31/12/2018 10:39

1p spread at the moment - Too wide (imo) and not much stock available either way -

[arthur_lame_stocks] 31/12/2018 09:27

The debts not that high relative to profits (assuming they can be maintained). There are companies with far more to worry about on that front than TCN.