Posts in LSE:TON

Titon's Ventilation Systems MD moves to part-time role

Titon Holdings has confirmed that Nick Howlett, Managing Director of its Ventilation Systems division, intends to move to a part-time role within the Company and will give up his management responsibilities with effect from 1st October.

Titan added:

"Nick will remain on the Titon Holdings board as a Non-Executive Director and will continue to provide guidance to the Board on regulatory and standard development, as well as new products."

At 1:20pm: (LON:TON) Titon Holdings PLC share price was 0p at 146.5p

Titon (Ton): 60 Percent Abv

Three score percent is a big number and even bigger when it measures ‘alcohol by volume’ i.e. in science 60% ABV equates to 105 proof. The latter number is also the suffix for Glenfaclas’s best-in-class malt whisky; and the eponymous distillery remains in founding family hands. Titon has distilled its own 60 percenter in H1 profits and its founder still sits on the Board: absolute best value.
Hardman & Co
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Titon Holdings plc

Director Deals - Titon Holdings PLC (TON)

Tony Gearey, Executive Director, sold 15,000 shares in the company on the 16th February 2017 at a price of 139.00p. The Director now holds 20,500 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - Titon Holdings PLC (TON)

Tyson Anderson, Executive Director, sold 28,150 shares in the company on the 30th January 2017 at a price of 135.00p. The Director now holds 693,750 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - Titon Holdings PLC (TON)

Tony Gearey, Executive Director, exercised 35,000 shares in the company on the 24th January 2017 at a price of 53.71p. The Director now holds 35,500 shares.

Director deals data provided by www.directorsholdings.com

Titon Holdings Plc (Ton): Hat-Trick

Indeterminate derivation but unambiguous in contemporary vernacular - and Titon scored a beauty with its third set of record annual results in a row. It also delivered double digit growth in pretax, earnings and dividend. The shares rose 15% on the day to 108 pence but remain second cheapest in their Sector. Team Titan is playing on a good wicket, has strength in depth and clear ability.
Hardman & Co
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Titon Holdings plc

Titon strengthens its board

Titon Holdings, a leading manufacturer and supplier of ventilation systems and window and door hardware, has appointed Kevin Sargeant as a non-executive director with effect from 1 September.

Titon says Sargeant is a well-known and respected figure in the ventilation industry. He worked at Vent-Axia, a subsidiary of Smith Industries PLC, from 1990 until 2002 when Volution Holdings (comprising Vent-Axia) was created.

Sargeant led the buyout of Volution Holdings in the same year and was CEO of the newly named Volution Group until its sale to Towerbrook Private Equity and management in 2012.

Titon (Ton): “Who Breaks A Butterfly On A Wheel?”

William Rees-Mogg famously copied Pope’s words in ‘The Times’ in 1967, questioning the source and motivation of excessive over-reaction. On 12 May 2016, Titon’s lepidopteran dip in interim profits resulted in a 12% bludgeon of its share price to 97.5 pence. This is disproportionate. Titon has cultivated a culture of excellence, use of its products is expanding and it pays a dividend every year.
Hardman & Co
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Titon Holdings plc

Titon profit slips

Titon Holdings has posted an H1 pretax profit of GBP0.74m, from a year-earlier profit of GBP0.79m, with revenues improving to GBP10.85m, from GBP10.7m. Interim dividend was flat at 1.25p a share.

"It is disappointing to report a small fall in Group Profit Before Tax for the six months ended 31st March 2016, down by GBP57,000, although earnings per share for the period is only fractionally behind last year's result," the company said in a statement.

Hardman research report on Titon Holdings

Hardman & Co has issued a research report on Titon Holdings.

It says: "Demand for the Group's core ventilation products is benefiting from dynamic building methods, tightening regulation and increasing focus on healthy buildings.