Poetic use dates back to 1718. Spoken or scribed, though, ‘over the moon’ is a reference to jubilation and now commandeered by English footballers. Titon United, though, can justifiably use it to describe its result in fiscal 2017. The same applies to its largest earner, South Korea, which played a blinder. Here, though, it is ‘under the Moon’ as embodied by skilful new President Moon Jae-in.
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.
"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
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.
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.
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.
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.