Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Results to 31/3/24 will be nothing to write home about but it’s the outlook for 24/25 onward that the market is now discounting. Sounds like the transformation could be significant and of course dividends to receive while we wait…..
Agreed, this is a sleeping giant. Some big contracts have been won and a lot more in the pipeline. Dividends paid and likely to be increased, recruiting new staff and expanding … A LOT to like here.
This is so under the radar. Mouth watering RNS Multi bagger potential
Somethings happening here.
trend is broken after a long time in a similar range.
Nice to see the positive move here. Just got a few more, is a Director buying…? RNS probably due if so….!
Must be busy as they can seldom be bothered to update the markets. Tend to find the companys that are slow to update markets have nothing to shout about. Had two dissapointing updates over the last year or so, about time they delivered. The cash pile won't last forever.
After a stable period, does anyone know the reason for the small drop over the last two days and is this possibly the start of a trend?
To me the price looks like a golden opportunity to get out not in, break even v £23 mil market cap...some cash but it does not look outstanding value to me.
Nice sp, increase of more than 6% today , but 0.2% after spread is deducted. The last 5 days volume averages out at £22,000 daily, which brings to mind a recent article, which advised that volume ought to be at least 500% of the amount you want to sell, for exit from the position. So £22,000 x 20%= £4,400 maximum exit sell.
Look down 4 posts…¥
Hi guys what’s the dividend percentage return.
Lots to come here and a nice dividend promise as well. Better than money in the bank. I’m waiting for a couple of other shares to peak and will then dive back in here with my profits. Hope the others peak soon as I don’t want to miss out here…
Amazing. You get lifestyle minnow companies with dozens of posts a day yet you could be forgiven for thinking nobody is in here.
I like Trd and add on the dips. Looking good currently.
Just sold my HUR shares at 30% profit and dived in here. Lots of potential with exciting times ahead…
Trading Statement
Wed, 18th Jan 2023 07:00
RNS Number : 0429N
Triad Group Plc
18 January 2023
Legal Entity Identifier (LEI) No. 213800MDNBFVEQEN1G84
Triad Group Plc
Trading Update
In my Chairman's Statement dated 30 November 2022, I said
"I am also delighted to say that the beginning of our second half year has seen a strong upturn in levels of new business wins and bidding activity."
I continue to be delighted at the speed and vigour of our recovery from the extraordinary delays (not of our own making) we experienced for a period of several months during the summer of 2022. Now that the Christmas holidays are behind us, we are looking forward to a very strong fourth quarter, which I am confident will be the basis for a successful following year.
Dr J C Rigg
Executive Chairman, Triad Group Plc
18 January 2023
Arden Partners plc
Ruari McGirr
Alexandra Campbell-Harris
Tel: 020 7614 5900
?Market cap £19 Million : of which £5.3M is net cash.
Share price 115p - 120P
Triad. Experts in technology-enabled transformation.
Growth market, software sector.( 24%)
Triad Group Plc reports real profits not those presented by so much of the industry in EBITDA format which in my opinion bends accounting rules be it legally, to the extreme.
Triad is an SME : these are being favoured, (policies), over large companies, by the U.K. government to obtain contracts issued by the state. The government target is to award 33% of all government spend to SME”S increasing to 50% for technology spend.
SME : Small and medium enterprises.
Company carries no debt
Permanent staff numbers have increased by 100%
Total organic growth to date, without the inherent risk of buy and build, that has seen shareholders in two completing companies lose 80% of their initial investment recently.
Triad spreads the risk working in : not for profit, government, and the private sector.
Triad has a premium listing on the LSE This is a top tier listing , with the greatest regulatory regime.
Profits grew 70% in 2021 - 2022
Dividends doubled in the last two reporting periods, yields in the software sector are generally tiny 1% -2 % if your lucky Triad Group on the other hand currently offers over 5% in dividend income.
Each 1P in dividends costs the company £168,000. This gives ample room for extremely fast dividend growth because the company has so few shares. (£16.3M issued)
Established 33 years.
Lean overhead structure. Directors reported a one off bonus, paid last year of £300,000 which they used to purchase Triad shares.
In addition Perpetual Director buying across the entire board
Results published in record time after the half and full year.
Partnered with Stratis to implement Blockchain solutions
Partnered with Workpoint 365 who themselves are targeting 500% growth over the next five years.
Partnered with Microsoft having obtained 7 gold certifications.
Triad have been incredibly successful in winning positions on U.K. government framework agreements. A massive achievement in itself. You can’t bid for contracts unless your first successful to gain a place on a framework .
Net cash held within the accounts in excess of £5 Million .A proportion of this is required for working capital however I don’t think a special dividend or similar should be ruled out for the excess in the future.
Gross and net margins are growing.
A PE ratio considerably lower than the sector 16.4 (24) 70% growth is currently not being rewarded as witnessed by the PE Ratio of 16.4.
Winning industry awards.
Triad Group has the ability to win some very serious contracts over the next few years, from the private sector and particularly the U.K. government.
Not sure if I made it clear TRD are an SME one of the 27 companies to win a place on both lots.
I stand to be corrected but it appears they are also the only SME to be listed on the London stock exchange, the other SME”s being private companies.
A total 76 companies made it onto framework RM6263 including 27 which feature on both lots. A total of 44 suppliers are classified as SMEs; this equates to almost 60% of the overall total.
Both lots:
Actica Consulting; Aire Logic; Airwalk Reply; BAE Systems; Capgemini; Caution Your Blast; CGI IT; Cognizant; Hippo Digital; IBI Group; Informed Solutions; Kainos; Mass Consultants; Mastek; NTT Data; Opencase Software; Parico; Solirius; Sol-Tec; Sopra Steria; Tata Consultancy Services; Tecknuovo; ThoughtWorks; TPXImpact; Triad Group; UBDS Consulting; Version 1 Solutions.
Digital programmes only
6 point 6; Aiimi; Better Group; BMT Defence and Security; Certes IT Service Solutions; Civica; Datavid; Deloitte; dxw; Equal Experts; Experis; Fujitsu Services; Hive IT; i10; Idox Software; Kin and Carta; Made Tech; Netcompany; Niaxo; PA Consulting Services; Red Scientific; Risual; Rowe IT; Unilink Software
Digital specialists only
Accenture; Albany Beck Consulting; CACI; Capita Business Services; Catapult CX; Coforge; Computacenter; Create Change; Cyber-Duck; Daintta; Engine Partners; EY; Green Park Interim and Executive; i3Works; ICT Educational Services; Identity E2E; Insight; Logiq Consulting; Lucid Support Services; Michael Bailey Associates; Methods Business and Digital Technology; Olive Jar Digital; Resulting; SmartSourcing; Waracle.
The definition of an SME is under 250 employees and turnover under £43M.
TRD has revenues of around £17M today.
Government picks 76 suppliers for £4bn digital transformation framework RM6263.
Almost three in five firms 60% picked for procurement vehicle are considered SMEs
The Crown Commercial Service has picked 76 suppliers for a major £4bn framework intended to enable public bodies to deliver tech transformation projects.
Newly published procurement documents reveal the Digital Specialists and Programmes framework that runs for an initial term of two years. The procurement vehicle may then be extended by two further terms of 12 months each. The deal is comprised of two lots.
By far the larger of the two segments, CCS estimates that the first lot will be worth about £3bn to the 51 featured suppliers.
The second lot – which includes 52 firms and is valued at £1bn
Test your maths
All things being equal, what contract value will each successful SME company win in each lot. ?
A new U.K. government report was published last week .
https://www.gov.uk/government/publications/roadmap-for-digital-and-data-2022-to-2025/transforming-for-a-digital-future-2022-to-2025-roadmap-for-digital-and-data#background
The vast majority of government spend to produce the desired results is dished out through framework agreements that are up already and running today.
Triad Group Plc was been awarded places on those frameworks that have extremely large budgets . Estimated spend on the major framework for change, RM 6263, is £4BN over the period.
Successful companies on that framework are few and far between 103, in all of those Triad Group PLC is one of just 27 to win a place on both lots 1, and 2.
Last financial year the U.K. Government spent a total of £10M of spend through Triad Group Plc across over a dozen projects. The hope is going forward that spend could double, or triple at a minimum . Statically Triad Group PLC slice of the cake would be £60M. That would be in addition to the ongoing bread and butter government workload. Triad Group Plc recently published is accounts within the forward outlook are upbeat comments implying continued growth and staff numbers. The company also pointed out they had seen no slowdown in growth from recent events
Last year Triad group plc paid out a 2P final. This year it’s paid out a 2P interim and a proposed 4P final. Looking ahead with £5.3M sitting in the bank the company might be happy paying 100% of earnings going forward. At a minimum a 50% dividend increase in 22-23 looks nailed. Compare that with the average and Triad group looks extremely attractive.
Dividend growth rates
During the past 3 years, the average Dividends Per Share Growth Rate was 2.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.10% per year.
Yes there was an RNS, but I think the question was about the previous time she was bankrupt, I think in 2016-2017. There are RNS for the transfers back then as well if you care to look, also Google the name on this and that transfer to find the trustees for the bankrupt. All info is out there.
My source is the RNS two days ago that states the Trustees in her bankruptcy now have control of her shares in Triad. Last time they did this they sold 5% of her shares, but they only took about 7%. So I’m a bit concerned.
True, but when, last time they sold about half a million shares, this time they have taken them all from her. Love to know when the bottom will be.