Triplearc Share Discussion Threads

[silent_angel] 31/1/2007 10:18

LONDON (AFX) - TripleArc PLC, a print management solutions provider, said
its 2006 trading was in line with expectations, with a net debt of 15 mln stg as at Dec 31, down from 16.3 mln at the beginning of the year. The company expects to announce its results for the year ended Dec 31 2006 in late March.

[silent_angel] 25/1/2007 15:23

Level 2:
3 v 2
225000 v 150000

[silent_angel] 23/1/2007 09:22

level 2 is 3v2 at the moment

[silent_angel] 08/1/2007 18:40

Anybody any idea how long they think it will take for the share price to go to 10p?

What is amortisation?
An annual charge made in a company's profit and loss account to reduce the value of an asset to zero over a period of years.

[silent_angel] 08/1/2007 09:50

What does Ebita mean?
EBITA. Earnings before interest, tax and amortisation (EBITA).

[kimboy2] 07/1/2007 23:36

I haven't got hold of the broker report but the logic of the position is easy enough to understand.

They are forecasting £2.2m Ebita for 2006 and £2.9m for 2007, I believe. As TPA, it appears, achieved the figure for 2006 that must mean it did £1.5m EBITA in H2/06.

They have assumed no growth from H2/06 to 2007 and made the 2007 EBITA £2.9m. If you take away interest of £1.1m you get a figure, before amortization, of £1.8m.

If you put that on a p/e of 10 you get to an share price of 10p.

[frank spencer] 07/1/2007 20:55

I think you read it wrong. It was saying that shareholders can expect their holding to be worth 10p.

[pezza2] 07/1/2007 18:50

alfodd - I saw that too, any of the regulars understand the reasoning behind such a statement - did notice its not one of the brokers I would trust too much !!!

It does make me wonder though.

[alfodd] 07/1/2007 13:49

Just popped in here - don't follow the company - but I picked up from Digitalook .co that one broker has a price target of 10p for this - no time given though, for those interested.
Good luck.

[knowing] 05/1/2007 16:05

Let the plan unfold. Want to see if there is some good press over the weekend and what their take on it is.Could lead for an interesting Monday.

[threewheels] 05/1/2007 14:35

Intrigued to know fellow posters views on this thought ....
18/12 announcement of performance related options for 2 exec directors 4 days before the effective end of the first target performance period; [Thankfully they weren't able to issue options below par of 5p.]

05/01 (11 LSE trading days later) announcement of capital reduction with 20% movement in share price

Something that just popped into their heads over the remains of the turkey? Hmmm

[clarkyboy1] 05/1/2007 13:19

Seems more about re-arranging the deck chairs to me and a well thought out exercise in marketing and spin. The capital structure within reserves has little to do with the company's ability to tender for work, the cash position of the company no doubt will though - and the lack of cash is obvious. Several points occur:

1. If the re-allocation of reserves is done to allow the company to pay dividends, those who buy in will be cheesed off if dividends don't materialise, and quickly, however:-

2. HSBC would veto any payment of dividends until such time as the debt is down below £10m, 2 - 3 years away yet and

3. The balance sheet ratios on debtors, cash and creditors no way support an ability to pay dividends

I think the company's interests would be best served by concentrating on improving sales and cash, rather than waste time with this nonsense. We'll know soon enough if the company will achieve it's target of £2.2m pre-interest.

[knowing] 05/1/2007 12:58

Offering 33K at 3.85 online

[rmart] 05/1/2007 10:25

dell314,

happy new year.

I hope you are ready to come over to CMS Webview to have a go at me when the shares hit 5p soon.

regards

[kimboy2] 05/1/2007 10:23

One or two things occur to me. Firstly if they are putting the P&L account back to zero then they obviously expect to be trading profitably from now on.

Secondly if PBT is going to show a £1m profit this year then that would indicate a substantial turnaround in the second half.

The LBT in the first half was £1.973m. If we take off the loss on the sale of £701k and the operating loss on discontinued of £407k that would still leave a loss of £865k.

That would imply a PBT of £1.865k in the second half.

Thirdly the capital repayments for the next year is £2m. If the pbt is £1.8m and amortization £2m then they should be in a comfortable position cashwise.

[dell314] 05/1/2007 10:22

Bob - All the capital restructure will do for the balance sheet is hide the past and make a couple of the financial ratios look better.

It isn't a real financial improvement, is it?
We are just talking about papering over the cracks....

All IMHO, DYOR etc.

Rgds
dell

[knowing] 05/1/2007 10:15

Dell you have the right to interpret as you feel fit.The market does not agree with you though.

[bob alan] 05/1/2007 10:13

"In addition the Board...........believes that the Group's current capital structure could have a negative impact on its future contract tendering activity".

Yes the removal of that stigma may well e a good reason to buy !!

[dell314] 05/1/2007 10:13

Knowing - It's not really surprising that punters read an RNS in a certain way, when it has been carefully constructed to give a certain impression, is it?

Let's approach it from a different angle.

When do you think TPA might realistically be in a position to pay a divi?

Assuming your answer is something along the lines of, "not whilst their main priority is payment of interest and principal repayments to HSBC", then you have to ask yourself why they are worrying about restructuring the share capital now.

This brings us back to:

"In addition the Board...........believes that the Group's current capital structure could have a negative impact on its future contract tendering activity".

Doesn't this suggest that TPA's clients and potential future clients are concerned about the financial position of the group?

Hope that helps.

All IMHO, DYOR etc.

Rgds
dell

[silent_angel] 05/1/2007 10:11

Just bought 10000 at 3.75p

[knowing] 05/1/2007 10:01

I would suggest that alot of people are reading things differently dell hence the rise in the price but you cannot please everyone I suppose.

[dell314] 05/1/2007 10:00

Another nice piece of spin from TPA today, IMHO.

Does anyone realistically think the ability to pay dividends has very much to do with the desire to restructure the balance sheet?
I can't imagine HSBC would be very impressed, if TPA paid out a divi!

It would appear that the real reason for today's announcement is hidden in a single sentence in today's RNS:

"In addition the Board...........believes that the Group's current capital structure could have a negative impact on its future contract tendering activity".

Doesn't this suggest that TPA's clients and potential future clients are concerned about the financial position of the group?

All IMHO, DYOR etc.

Rgds
dell

[knowing] 05/1/2007 09:51

Frank what can you tell us about the property market ?

[frank spencer] 05/1/2007 09:08

No matter. At least he knows what a T trade is now.