focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
good buying & sooooooo cheap imv
still massive discount to NAV...MCAP similar to CA minus all liabilities (do yr own sums)!! ...at 26p, an utter steal.... ....the MMs wont be havin my position for some time lol ..aaoo/dyor
..
Interesting!
it
..
...little retrace perhaps?
Titon also announces that it has agreed a settlement of its litigation against Nuaire Limited. Nuaire has agreed to cease the sale and marketing of one of its ventilation products and to pay Titon a cash sum in February 2013 to settle the proceedings.
Prospects The overriding objective of the Directors this year is to return the business to profitability. The overhead reduction programme that commenced during the year is now well underway and will lead to approximately £600,000 of savings in a full Financial Year. I do want to emphasise that Titon retains a strong balance sheet with £1.81m of cash at the year end and has net assets of £9.2 million. This strength will provide us with the opportunity to invest in new products and markets in 2013. The 2013 forecast for UK house building is that there will be a small increase in private sector housing starts but the decline in public sector housing will continue. Against this backdrop we envisage that prospects for expanding our ventilation system sales will be limited. However, as noted above, we do have some new products in the pipeline and anticipate that these will strengthen our overall market position. In our window hardware market we will also be launching some new product ranges which we expect will gain us sales in markets where we have traditionally not competed. We anticipate that our overseas sales will grow during the coming year with improvements expected from our South Korean and the USA businesses in particular. We are optimistic that our Korean activities will return to profit in comparison to the loss recorded this year. In conclusion, we believe that the strength of Titon and the actions we have taken will result in a return to profitability in the year ahead.
worth a punt at these levels imv (I have - 5k @ 26.5p!!) opinion only
sales in the rest of the world up by 43% in last Q 2012 according to latest ims
support in past (non expert view) opinion only
as per latest rns below... opinion only / DYOR "01 February 2013  Titon Holdings Plc Interim Management Statement Titon Holdings Plc ("Titon" or the "Group"), the UK ventilation systems and window and door hardware manufacturer, today publishes its Interim Management Statement for the period 1 October 2012 to date as required by the UK Listing Authority's Disclosure and Transparency Rules. Total Group revenues for the quarter to 31 December 2012 were 1% higher than for the corresponding period last year, with sales in the UK down by 11% and sales in the rest of the world up by 43%. The level of UK sales in the quarter has been disappointing and conditions within our key markets of house building and window manufacturing remain difficult and margins remain under pressure through greater levels of competition. We are not anticipating a rapid improvement in our UK market in 2013. Outside of the UK sales have risen significantly at our South Korean subsidiary where the housing market has been strong and we have focused more on the private housing sector. Titon also announces that it has agreed a settlement of its litigation against Nuaire Limited. Nuaire has agreed to cease the sale and marketing of one of its ventilation products and to pay Titon a cash sum in February 2013 to settle the proceedings. Net Cash balances at 31 December 2012 were £1.78 million compared to £1.84 million at the 30 September 2012 year end.
for recovery opinion only..bought 5k this morning at 26.5p
..
interesting..
20-24p, nearly there now
don't be shy - sort of an xmas sweepstake DYOR etc etc: I'm going for 19p - 24p (maybe a bit harsh/wide on the spread)
Construction firm Titon Holdings made a significant loss during the half year ended March 31st of £0.4m (2011: profit £0.29m) on revenue of £7.5m, slightly lower than £7.56m the same period the previous year. Cost of sales rose slightly from £5.8m to £6.0m. Earnings per share fell from 59p to a loss of 2.79p, but this didn't stop the company declaring an unchanged dividend of 1p per share. Cash levels fell from £3m to £2.2m. The firm admitted that it does not anticipate a significant recovery in either UK or overseas markets in the second half year, saying that "accordingly, we will take measures to reduce our overheads in the period consistent with the current economic climate"
Anyone have advise on this have a few from a while back at 0.31 keep or bin them for small profit ??
Thanks for that noted your thoughts.
I wouldnt be selling other shares to buy this, revenue down year on year since 2007, very illiquid stock , could be left holding for a long, long time.
Hey all, any ideas on this, deciding if its a good one, worth selling some other shares to buy in or not ??
IGHT IS A GOING TO BE A GOOD NIGHT
y Blair Sucks Appendages