Member Info for TTNY2013

On 17th Feb broker notes from
Peel Hunt LLP BUY 75p
Liberium Capital BUY 80p

Be interesting to see any new broker forecasts from analysts after results today.

My summary is with forward looking information this is a buy for future at current prices on a medium to long term basis.

Worth looking at the fy results slides and webcast woth slide explanation and Q&A.

Presentation to analysts now available to us mere shareholders in case you haven't seen or read.

https://www.costain.com/investors/results-reports-presentations-and-webcasts/

I think this real question is when will the results be announced.
The website is not updated with and financial calendar events.
Exerts from 16 Dec 2020 trading update
Sami Iskander will present the results for the 12 months ended 2020 and discuss the outlook for 2021 at the Group’s full year results, currently scheduled for 24 February 2021.
Three weeks on from 24 Feb and still no news or update to their calendar.
Guess news could come at any time.

Pretty much as expected. Interesting to see how market takes it.

Remember results investor call at 9am one can register for always interesting to listen to. To register https://edge.media-server.com/mmc/p/egc88ogi

Chris,

That's a sensible approach. I had taken a similar approach and only now have a smaller shareholding and a SB.

We should hear whether formal TDR offer for the company (305p all cash offer) is made during Monday 8th March or latest next day Tue 9th March. Be interesting to hear intent OR even if that has resulted in any other offers coming in.

Not long to wait now.

See 8th Feb news exert:
In accordance with Rule 2.6(a) of the Code, TDR must, by not later than 5.00 p.m. on 8 March 2021, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. The deadline shall cease to apply, by virtue of Rule 2.6(b) of the Code, where a firm intention to make an offer for Arrow under Rule 2.7 of the Code is announced by an offeror (other than TDR) prior to such deadline.

Agree.

Can strongly recommend watching the webcast for institutions & shareholders.

https://flyonthewall.videosync.fi/ipf-full-year-results-2020

Very encouraging for the future. Good to see SP rise positively today!

Yep, be interesting to see any additional action when US start trading via MFGP US listing.

540p key resistance that needs to be taken out and held.
Then from a charting perspective 1000p next main target medium term, with small test at 600p and 800p.

Should be very interesting days and weeks ahead and good year on this one!

The numbers were what were to be expected tbh imho.
H2 turned profitable.
Stated Q1 new FY better than Q4 last year so continued I.proved direction.
No final dividend this year which was expected. Would be reckless to introduce at this time. However clear statement about introducing progressive dividends.
There 4 pillar strategical goals. First two completed.

Our strategic goals
 
Phase 1 - H1 2020: Completed
Protect our people, prioritise loyal customers and protect the business
 
Phase 2 - H2 2020: Completed
Rightsize the business to accelerate recovery and refinance the balance sheet
 
Phase 3 - 2021: Underway
Rebuild the business
 
Phase 4 - 2022+
Deliver long-term, sustainable growth

So this year focusing on increasing lending as we come out of this pandemic which is starting to occur now and increasing from now to Summer. Then delivering sustainable growth going forward.
2021 expected to be profitable and setting up for year on year growth going forward. I think no interim dividend will be announced this year but think there will be a final dividend announced a year from now in final results for 2021.
If you get a chance listen to webcast at 9 very interesting and shows strength of our board IMHO. Q&A at end always interesting. For example, I am interested to see how they plan to grow book this year what is their target %.

The numbers were what were to be expected tbh imho.
H2 turned profitable.
Stated Q1 new FY better than Q4 last year so continued I.proved direction.
No final dividend this year which was expected. Would be reckless to introduce at this time. However clear statement about introducing progressive dividends.
There 4 pillar strategical goals. First two completed.

Our strategic goals
 
Phase 1 - H1 2020: Completed
Protect our people, prioritise loyal customers and protect the business
 
Phase 2 - H2 2020: Completed
Rightsize the business to accelerate recovery and refinance the balance sheet
 
Phase 3 - 2021: Underway
Rebuild the business
 
Phase 4 - 2022+
Deliver long-term, sustainable growth

So this year focusing on increasing lending as we come out of this pandemic which is starting to occur now and increasing from now to Summer. Then delivering sustainable growth going forward.
2021 expected to be profitable and setting up for year on year growth going forward. I think no interim dividend will be announced this year but think there will be a final dividend announced a year from now in final results for 2021.
If you get a chance listen to webcast at 9 very interesting and shows strength of our board IMHO. Q&A at end always interesting. For example, I am interested to see how they plan to grow book this year what is their target %.

Lots of investors watching very closely. When that strong 50p resistance level finally breached which it will there will be a strong upwards lift for the SP. It's only a matter of time.

As you say does make one wonder what 9th March will reveal.
1) if approved 305p coming. Over 10% discount today.
2) another higher bid arrives and announced. SP higher than 305p
3) offer rejected the all cash 305p offer because they feel company valued much higher and want to realise that potential. This could also result in more interest going forward.

Personally I think current SP provides good upside potential in all future scenarios. Before this happened my own personal target was 400p to 500p based on future prospects in the next 1 to 2 years.

3p dividend equates to1.75%

Massive few weeks during banks reporting period. Think with lockdown easening , BOE forecasted coiled economical explosive growth, dividends being reinstated together with banking full year results for full year I wouldn't be surprised not to see bank shares on all fronts surging ahead by Easter. Momentum is gaining.
For Metro can see a break towards 200p on the cards.

Please note, Hearing Finished means the hearing of the case is concluded for today. It is not an indication that the case has finished just that today's hearing has finished.

Live court status update can be seen from 10am
http://xhibit.justice.gov.uk/southwark.htm

All cash share offer announced today at 305p. There could be others tabled in next few days if others were to materialize.

Noticed an 8.6% rise on Friday to 90p buy price. With rises on previous days this week. Wonder if for any specific reasons such as institutional investors buying for recovery or other reasons such as confidence fue to vaccine recovery and return to normality from Spring to Summer which is not long away.

Think at some point in 2021 can see this strongly rise and stay above 100p as we surge to 175 to 200p levels.

Obviously the main downside threat is any new regulatory limits such as being extended in Poland for a longer period to end of year.

Davey2

Agree. Will be interesting to see results tomorrow.
If good could propel us past 200p and on way to 300p.
If bad and needs a few more quarters to filter through could drop to 160p levels.

Yes, Nov collections continuing 97%. Better than company or I had expected. Credit 61% increased by 1%. Although higher by 1% expected a little more guess being careful during peak winter months.

Polish gov debating extending covid19 temp interest cap already in place from March 21 further into 2021. Being debated in polish parliment over next few weeks.

Yes. Last week. They said this week Nov update. Followed by Dec update beginning of Jan. Then results in Feb.