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I hold Tarsus and have seen an excellent return in a very short period.
However, the actual deal confuses me, so please could you explain the potential time-span (nothing to complicated).
With regards to your last comment "Now what to do with the takeover proceeds." I wouldn't have a problem with that I would top up one of my existing holding, possibly Experian.
Not bad, just under 50% up in under 18 months. Definitely worth that punt. Now what to do with the takeover proceeds.
Decided to dip my toe in for a few of these at �3.16. Adequate divi, up 50% in the last 6 years, decent prospects of capital growth, majority of income overseas based so limited Brexit worries.
Share price up and down like a fiddler's elbow!
What's going on?
No RNS, but anyone got a view as to why?
Again, anyone any idea what's happening to Tarsus price.?
I'm begging here!!
Anyone any idea why Tarsus price is withering?
back a bit?
of the company;s shares traded today?
"PTIA has the leading events serving the Indonesian infrastructure sector, which is earmarked to receive an unprecedented $243 billion of investment by 2025."
He added: "The Indonesian market is undergoing a period of rapid change, with a marked shift away from its historical emphasis on consumer events towards B2B exhibitions. As a result we would expect PTIA to experience strong organic growth supplemented by bolt-on acquisitions."
The founders and the existing management will continue to run the business following the acquisition.
The consideration will be met from Tarsus's existing cash resources and it is expected to be earnings enhancing in the current financial year ending December 31st 2013 and thereafter. For the year ended December 31st 2011, PTIA recorded an unaudited break-even profit before tax. PTIA's unaudited gross assets as at December 31st 2011 were $0.1m (approximately £0.1m).
The acquisition is conditional on normal Indonesian regulatory approvals and is expected to completein the first quarter of 2013.
Douglas Emslie, Tarsus Group Managing Director, said: "PTIA is an excellent fit with our strategic objective of quickening the pace of our earnings by investing in fast growth markets.
International business-to-business media group Tarsus has agreed to acquire 51 per cent of Indonesian exhibition organiser PT Infrastructure Asia (PTIA) from PT Event Pro International.
Tarsus will pay an initial cash consideration on completion of $0.5m (approximately £0.3m) for the 51% interest, with estimated total deferred payments of approximately $2.4m (approximately £1.5m) in aggregate during 2014 and 2015.
Both Tarsus and the vendor have conditional put and call options at various points in 2016 and 2017 in respect of the outstanding 49% shareholding in PTIA. The total consideration for 100% of PTIA has been capped at $23m (approximately £14m).
The acquisition provides Tarsus with an important hub in the fast growing Indonesian exhibition market. It is expected to enable the group to develop a range of infrastructure sector exhibitions and provide a platform with which to launch a number of new exhibitions, primarily drawing on Tarsus's existing brands.
Tarsus Group: Investec ups target price from 194p to 202p retaining a buy recommendation.
Here's the link langyy spotted:
good profile & article with buy recommend
Half page spread about this comp............
Tarsus Group: Investec ups target from 192p to 193p, buy rating kept.
52 week high I believe...
Singer Capital upgraded its stance on Tarsus (TRS) from "fair value" to "buy", with an increased target price of 165p, from 152p. The broker was encouraged to hear that the events company's Life Media acquisition in Turkey is integrating on schedule and added that the firm's existing businesses are performing well. Singer noted further upside potential from the Chinese joint venture, which is executed to be completed in the summer, providing the company with access to the automotive industry in the emerging market
Douglas Emslie, Group Managing Director, commented:
"We are very pleased with the progress we are making; trading in the US, Middle and Far East continues to develop well and there are signs of economic recovery in France. The acquisition of IFO was an important step in the realisation of our 50/13 strategy to increase Tarsus' revenues from fast growing, emerging markets to 50% of our total by 2013.
"We continue to see more interesting M&A opportunities in our market. The additional capital raised will also mean that a short term reduction in the Group's debt levels will provide additional flexibility, allowing us to continue with our growth strategy and take advantage of further potential opportunities."
Our next update on performance will be provided at the interim results on 27 July 2011 which will cover the six month period to 30 June 2011.
Group trading in-line with expectations; forward bookings remain strong
Tarsus Group Plc. ('Tarsus' or 'the Group') (LSE:TRS), the international business-to-business media group, is today providing investors with a pre-close update on trading since our IMS of 5 May 2011.
Trading for the period has been in line with the Board's expectations. Forward bookings remain strong, with bookings for the Group as a whole continuing to accelerate and now stand at 85% of anticipated full year revenues compared with 75% at the same time in 2010 (as adjusted for biennial events).
Revenues for Tarsus' two largest biennial exhibitions, the Dubai Air Show (in November 2011) and Labelexpo Europe (in September 2011), remain ahead of the comparable events in 2009 and both are on track to be record events. Bookings for Labelexpo Europe are already ahead of the actual 2009 result and are now tracking over 10% up on its previous edition. The Dubai Airshow bookings, as a result of strong orders received at the Paris Airshow last week, are now tracking ahead of its previous edition.
From a strategic perspective, we are also seeing good progress with our "Project 50/13" initiative which is targeting a significant increase in our scale in Emerging Markets. On 7 June we completed the acquisition of 75% of the issued share capital of Istanbul based IFO, one of the largest independent exhibition businesses in Turkey, for up to £10 million in aggregate payable in cash. REW, the waste recycling exhibition, has been the first Turkish event to take place under our ownership and was in-line with our expectations.
In addition, we placed 11,347,517 new Ordinary Shares with new and existing institutional investors at the placing price of 141 pence per share to raise approximately £16 million (approximately £15 million net of expenses) for the Company.
Anybody still following this? ...... check out todays volume :)
No he's still here mate...just gone into hiding with a bow and arrow firmly stuck up his arse !!!