Triplearc Share Discussion Threads

[pippit] 23/8/2006 14:33

Well now frankie boy are you Clarkyboy in disguise. If not you should get together because you both spout the same rubbish.

[frank spencer] 23/8/2006 13:39

I am always concerned when a company has debts which are at least twice the market cap. They invariably go under, or at the very least, existing shareholders get stuffed. Would avoid this like the plague.

[paiser] 23/8/2006 13:35

did say, this was going to fly.

paiser

[pippit] 23/8/2006 11:35

Oh dear Clarkyboy1 what have you got to say for yourself now?

[cactus100] 23/8/2006 10:13

Nice to see this doing well today. Maybe this will stimulate some further interest....

Altium Securities reiterates its buy rating and 10p target for TripleArc (TPA.L)

[kimboy2] 23/8/2006 09:48

I think the debt will be less than that because that included a £1.3m invoice discounting line which I think went when they sold stream. So the debt may be around £15m which is still too high but we are making progress.

As far as cashflow is concerned there is also the £0.5m they paid off for Stream as well as the £1m debt repayment.

I don't think they need much to go wrong necessarily but there looks to be a good upside if they can keep up this progress.

[wjccghcc] 23/8/2006 09:23

True, although they still have 16mm debt which isn't a lot of slack if the economy turns down. Still, nice to see them moving in the right direction.

[knowing] 23/8/2006 09:09

Continue to pay down debt. Will be very interested to see the final figures on this when they are released.

[knowing] 23/8/2006 08:05

23rd August 2006

TripleArc Plc ("TripleArc" or the "Company")

AGM Statement

The Annual General Meeting of TripleArc, the UK based provider of technology led
print procurement solutions, will be held at 10.00 am today, 23rd August 2006.
At the meeting, Richard Atkins, non-executive Chairman, will make the following
statement:

"The Board is pleased with the progress the Company made in the year to date,
which is in line with its expectations, and is seeing positive signs from its
strategy of winning large, long term contracts and developing business with its
existing customers.

"The Group has continued to generate good levels of operating cash flow and has
made #1m in debt repayments to its senior lender since the start of the year."
A further update will be included in the announcement of the Company's results
for the six months ended 30 June 2006, expected to be released in September
2006.

For further information please contact:

TripleArc Plc 0117 933 1006
Jason Cromack, Chief Executive Officer
Richard Hodgson, Chief Financial Officer

Weber Shandwick Square Mile 020 7067 0700
Terry Garrett / Nick Dibden

[clarkyboy1] 18/8/2006 15:24

I doubt it

[knowing] 18/8/2006 12:21

Will the 3p base hold ?

[knowing] 16/8/2006 12:47

[Edit] MM went ofline

[sithuk] 16/8/2006 08:41

A forward p/e of 3.2 for 2006. Makes me feel a little better when I look at my 86% loss on this one.

Not much, but a little :-)

Excellent link. Thx.

[knowing] 15/8/2006 22:03

Thanks for that does make an interesting read. i bet the person who sold the 200K today hasn't seen it.

[mcsean2164] 15/8/2006 21:57

This thing was interesting..

[mryesyes] 02/8/2006 23:54

hmm not one for the cautious or sober investor by the looks of these post which I believe

[frank spencer] 31/7/2006 13:23

Looks precipitous.

clive's tips invariably suffer from gravity.

[knowing] 28/7/2006 15:47

Interesting trade !

[clarkyboy1] 27/7/2006 12:43

The company made £1.7m before exceptionals of £1.7m, therefore no profit and no cash generation from activities. The debtors came down considerably between 04 and 05 so this is where the money seems to have come from to pay down the debt. They don't have that luxury this year. I wonder if the interims will be out before the AGM - IMHO I doubt it unless they are good news. Predictions anyone? As for the admin costs Kimboy - I suggest the exceptionals line might be part of the answer.

[kimboy2] 26/7/2006 15:39

The net cash inflow last year was £973K, though this included £2.333m of working capital improvement. If we remove the working capital figure we get a cash out flow of £1.36m. This is after interest but before capital repayment.

Within this figure there was £1.703m of exceptional items. There was also £0.453m of capital expenditure. They also say that they have generated savings in a full year of £0.8m the impact of which was not fully felt.

There is also the fact that the second half was stronger than the first half and they are forecasting modest year on year growth.

There is also a saving of £0.3m from getting rid of Stream as well as a £1m off debt.

So it is possible to see how the finance stacks up going forward but they wouldn't necessarily want too much going wrong.

One thing that I don't understand is the breakdown of the admin costs. In the first half it was £9.4m and in the second half it was £3.611. Any ideas ?

[clarkyboy1] 25/7/2006 08:37

The company needs £1.7m to repay its 1H debt plus £0.5m to pay off the former directors of stream, and this £2.2m is a lot more than the total 'profit' of 2005 if you exclude the exceptionals. I also downloaded a copy of the accounts and a £2.2m cash requirement on top of a net cash deficit of £450k at 31 Dec isn't going to be good news for HSBC if they don't make the profit. IMHO I think this is very unlikley.

I've said it before, but the directors appear bullish on their prospects, but they don't back this up with significant share purchases. The FD hasn't bought any in the year he's been there, and given the CV of the new Chairman, his £40k investment must be pocket change.

[mryesyes] 21/7/2006 23:32

Thanks threewheels, coupled with the trading loss the only oddity is the director buy I mean if they are doing it to prop up the price they don't spend that much if they are after control of the company they need a much bigger stake so IMHO I would see if there are any more buys like this when the share price stops falling. You know more than me but they know more than you...