Tikit Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9400244 07 March 2012
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Tikit has come a long way in a short period of time. Now it's starting to make big money by developing its own software By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=9400244&action=detail Wed, 07 Mar 2012 21:57:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9393839 http://bit.ly/yTcwlV
A conscious decision to switch its emphasis from third party reselling towards shifting more of its own high margin products, has helped legal to accounting software specialist Tikit (TIK) deliver a 27% jump in operating profits to £4.5m. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=9393839&action=detail Tue, 06 Mar 2012 21:55:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9120029 04/01/2012
GROWTH COMPANY
http://bit.ly/wbgJ74 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=9120029&action=detail Wed, 04 Jan 2012 12:18:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8726022 08/09/2011 Miles Nolan
http://www.growthcompany.co.uk/recommendations/1653508/tikit.thtml


Legal and accounting specialist Tikit (TIK) is benefiting from a conscious decision to shift its emphasis towards selling more of its own higher margin software products.

Buoyed by this as well as a gradual improvement in trading conditions, in the six months to June the AIM listed firm achieved a 13% increase in pre-tax profits to £1.6m, despite sales edging up just 1% to £13.3m. Tikit has an enviable roster of more than 1,300 clients, but admits there has been less consolidation in the legal sector than it had expected (a market in which it derives 85% of its revenues).

A number of new contracts have been secured across its range of products, with decent progress in the UK, Europe and its US operations. Tikit is working hard to boost its recurring revenue, and pushed this figure up 11% to £7.7m in the period. In addition, the acquisition of expense management outfit Carpe Diem last year has helped bolster sales of its own software by 38% to £3.2m.

Tikit now supports over 300 US law firms, this market has plenty of growth potential, margins should also improve as the emphasis on selling its own brand products increases. Investor are to be rewarded with a 25% hike in the dividend to 2.5p, and thanks to strong cash generation the net cash balance almost doubled to £4.1m. Speaking to Growth Company Investor, chairman Mike McGoun said 'we are seeing lots of enquiries, with clients no longer deferring spend as was seen in the past'.

We suggested buying the shares in Growth Company Investor at 160p in March 2010, so the rise to 266.5p since then is pleasing. Tikit is a solid, dependable business and is on track to achieve a record full-year result with broker Charles Stanley predicting 2011 pre-tax profits of £4.3m and EPS of 21.3p. We remain positive. Buy.


Tags: AIM market, Growth company, Legal IT, Legal Office, Outsourcing

Sector: Software & Computer Services

Companies: Tikit

Market cap: £37.2mPE Forecast: 12.5
Share price: 266.5p By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=8726022&action=detail Thu, 08 Sep 2011 18:10:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8519122 Created: 11 July 2011 Written by: Malar Velaigam
http://bit.ly/o92cBE

Trading for the first six months of the year has remained resilient at legal software provider Tikit. So despite some delays in decision-making among clients, improved margins have resulted in significant profit growth.
What we said:
When: 12/11/10
Price then: 201p
Price now: 295p
Movement: +47%
SHARE TIP UPDATE:
Buy
At a reasonably modest 12 times 2012 estimates, the shares are still worth buying.
By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=8519122&action=detail Mon, 11 Jul 2011 17:02:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8504010 07/07/2011 Miles Nolan
http://www.growthcompany.co.uk/news/1635808/tikit-in-upbeat-mood.thtml

Legal software developer Tikit (TIK) has issued a positive trading update in which it predicts a substantial increase in pre-tax profits - albeit in line with market expectations.

The AIM counter has benefited from a shift in the product mix from third party products to more of its own label, higher margin software. Tikit expects sales for the six months to June to be similar to the comparative period, largely due to delays by some clients in agreeing to sign up for major projects. As usual, the second half is likely to be stronger.

Demand for managed services continues to increase, and Tikit reports that support revenues from the recent acquisition of Carpe Diem software are better than expected. It has secured a number of multi-year outsourcing projects, a recent contract of note is a two-year deal with commercial law specialist Sprecher Grier Haberstam to manage its IT support and services.

Broker Singer Capital Markets forecasts 2011 sales of £29.9 million, pre-tax profits of £4.2 million and EPS of 22.9p. The shares are unchanged at 290p this morning. We highlighted the shares in Growth Company Investor in March at 258p, with a solid list of blue chip clients we are still positive on Tikit.

Tags: AIM market, Growth company, Legal software, Singer Capital Markets

Sector: Software & Computer Services

Companies: Tikit By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=8504010&action=detail Thu, 07 Jul 2011 14:57:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7949102 http://www.growthcompany.co.uk/news/1609413/tikit-catches-it-outsourcing-trend.thtml By petrit ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=7949102&action=detail Fri, 11 Mar 2011 10:35:00 GMT petrit tag:iii.co.uk,2003:tst.7946973
Created: 10 March 2011 Written by: Malar Velaigam

Shares in Tikit surged to a 12-month high as the professional software provider revealed impressive growth in both software and managed services. With a strong pipeline, and growing contribution from its own internet protocol (IP) software, chief executive David Lumsden expects this positive momentum to be maintained and analysts at Charles Stanley agree, forecasting 2011 adjusted EPS of 21.8p (2010: 19p), rising to 23.5p in 2012.

Tikit's software sales recovered strongly, increasing 26 per cent to £6.3m last year, after law and accountancy firms lifted spending restrictions.

Recurring revenues from its managed services (support and outsourcing) business have also been rising, up 6 per cent to £14.6m, and now account for 54 per cent of sales. Moreover, the decision to restructure in 2009, and focus on marketing its own software is starting to pay off.

Tikit's own IP software sales grew 14 per cent to £1.6m, and recurring support revenues from Tikit-owned software rose 8 per cent to £4.6m, which helped drive up operating margins from 12 to 14 per cent.

The only concern is that legal information service LexisNexis has decided to sell its InterAction product directly, which will chip £1.2m off Tikit's software sales.

However, this should be offset by contributions from recent acquisitions: Carpe Diem - which is performing ahead of expectations - and PensEra.

Tikit shares are up 30 per cent since our buy tip (201p, 12 November 2010), but still only trade on a modest 12 times earnings forecasts.

Buy.

Last IC VIEW: Buy, 221p, 30 November 2010 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=7946973&action=detail Thu, 10 Mar 2011 23:13:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.6639004
Comment: The Insider recently had a meeting with a group of American private equity investors who said they thought Integreon had become
unstoppable in the legal outsourcing market.

While it’s true Integreon has attracted most of the headlines recently (see last month’s story on the CMS Cameron McKenna deal) and offers a wider range of services than many other outsourcers, we’re far
from a ‘TINA’ situation in which there is no alternative. In fact Integreon’s deals are helping open up the market to other outsourcers (and software as a service providers) as firms start to realise there are viable alternatives to the traditional on-site, inhouse IT resource. By SinginTheBlues ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=6639004&action=detail Mon, 19 Jul 2010 15:18:00 GMT SinginTheBlues tag:iii.co.uk,2003:tst.6064597
http://www.growthcompany.co.uk/news/1205028/deferrals-dampen-tikit.thtml By InvestingGarden ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=6064597&action=detail Thu, 11 Mar 2010 15:34:00 GMT InvestingGarden tag:iii.co.uk,2003:tst.5073931
http://www.growthcompany.co.uk/recommendations/1055942/tikit.thtml By InvestingGarden ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=5073931&action=detail Thu, 16 Jul 2009 11:34:00 GMT InvestingGarden tag:iii.co.uk,2003:tst.4517018
As a shareholder I have been somewhat frustrated by this company. They seem to have a strong position in their market, but their forecast growth seems to be tapering off. Although they are only covered by one analyst - Edison Investment Research - can't say I am that familiar with them other than recognising one of their team Guy Bell from Beeson Gregory. Are they paid for research?

Three months ago their growth was estimated to be over 16% for 2009, then a 20% reduction in EPS estimate by Edison's analyst and growth is just 7.8%. I can't remember seeing a profit warning by the company. Indeed outlooks have remained upbeat and positive!

Charles Stanley their broker had previously published forecasts, but I have not seen any coverage for a number of months. Is anybody else aware of other coverage?

By mutandis13 ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=4517018&action=detail Tue, 17 Feb 2009 11:51:00 GMT mutandis13 tag:iii.co.uk,2003:tst.3448692 Sorry to take so lomg to respond to your post.
This is an excellent company with a great future.
This company is the best IT support company I have come across; that may not be saying much because there are a lot of rubbish companies out there. However, this company had managed my own company's IT for a couple of years now and it is hard to fault them. Given their client base and their ambition to expand thier rating offers an opportunity
Go for it! By ALL4U ]]> http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=3448692&action=detail Thu, 01 Feb 2007 22:57:00 GMT ALL4U tag:iii.co.uk,2003:tst.3336840 http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=3336840&action=detail Wed, 11 Oct 2006 15:49:00 GMT boroleeds tag:iii.co.uk,2003:tst.2648298 http://www.iii.co.uk/investment/detail?code=cotn:TIK.L&display=discussion&id=2648298&action=detail Fri, 26 Nov 2004 17:50:00 GMT 5o waw