RE: TIG looks in bargain territory imo24 Sep 2024 09:46
hi straightaim, thanks for your thoughts. i don't share your concerns with google. thing is google changes its algos all the time. and then there's things like having to go cookieless etc. bigger companies rely on the expertise of digital companies to navigate their way through these things. so the more change the greater the need for experts to be at the reins imo.
agree the debt pile could be a drag on the sp, but it's nothing like what a raise would do when they pick up new companies. this is why i've said i like their use of debt, which if executed well for acquisitions provides significant long-term support for the sp. they're also buying back a decent chunk of shares. on just about every metric this is green, so do believe the market has missed something. reckon the company would be a nice addition to a global player and / or pe outfit as well. the numbers are very compelling. plus, having so much insider ownership, use of debt for acquisitions, bbs etc often points to mgt building up the company for a sale. with interest rates coming down and revenue / ebitda / fcf going up, the debt level becomes more and more insignificant. i'm going to keep adding at these levels, which is forming a nice base. can only see a maximum 10% drop if the market ****s itself, and looking at the recent 200p highs as the 12 month upper limit. as i say, compelling numbers and a conviction buy for me. aimho gla