Tribal Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9635244 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9635244&action=detail Sun, 13 May 2012 14:42:00 GMT sharebuyer tag:iii.co.uk,2003:tst.9492633
We salute you sir.

http://www.iii.co.uk/investment/detail/?display=news&code=cotn:TRB.L&action=article&articleid=8543760 By DrSlowly ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9492633&action=detail Fri, 30 Mar 2012 12:42:00 GMT DrSlowly tag:iii.co.uk,2003:tst.9353438 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9353438&action=detail Sun, 26 Feb 2012 22:23:00 GMT Mosert tag:iii.co.uk,2003:tst.9220954 http://bit.ly/zIMg7N By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9220954&action=detail Sat, 28 Jan 2012 14:50:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9160322 RKH eh Spikey. GLA. By colgil ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9160322&action=detail Fri, 13 Jan 2012 16:05:00 GMT colgil tag:iii.co.uk,2003:tst.9158812 http://bit.ly/zUl7Sa By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9158812&action=detail Fri, 13 Jan 2012 12:16:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9095206 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9095206&action=detail Wed, 21 Dec 2011 19:26:00 GMT Mosert tag:iii.co.uk,2003:tst.9095199 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9095199&action=detail Wed, 21 Dec 2011 19:24:00 GMT Mosert tag:iii.co.uk,2003:tst.9089352 http://bit.ly/ta6Ytb By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=9089352&action=detail Tue, 20 Dec 2011 12:49:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8995898 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8995898&action=detail Fri, 25 Nov 2011 12:46:00 GMT sharebuyer tag:iii.co.uk,2003:tst.8659561 Created: 16 August 2011 Written by: John Ficenec
http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110816/a8f96498-c7fc-11e0-bdcf-00144f2af8e8/Tribal-opens-new-chapter.jsp

Restructuring costs at public sector outsourcing group, Tribal, has pushed the company into a loss in the first half of the year. But, with the Health and Government and resourcing division now sold, chairman John Ormerod said: "Tribal is now focused on developing its activities in the education, learning and training markets."
What remains is a smaller, but crucially profit-making business. Before restructuring costs, the group reported a profit before tax of £2.8m, down from £3.1m in the same period last year. Revenue is now split 60:40 between its services and technology divisions. The former provides schools inspection and teacher training and saw operating profits more than double to £1.8m, on a 15 per cent increase in sales, as margins improved mainly due to cost-cutting. The technology business, providing computer software to aid learning, reported a 5 per cent rise in revenue, but operating profit slipped from £5.1m to £4.4m, partly due to pressure on government funding for clients in the UK.
Investec Securities expects full-year adjusted pre-tax profits to rise from £6.8m to £7.6m, giving EPS of 7.6p (5.6p in 2010).
TRIBAL (TRB)
ORD PRICE: 46p MARKET VALUE: £43.2m
TOUCH: 45-46.5p 12-MONTH HIGH: 94p LOW: 23p
DIVIDEND YIELD: 2.4% PE RATIO: na
NET ASSET VALUE: 48p* NET DEBT: 38%
Half-year
to 30 Jun Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2010 52.4 1.30 0.80 1.85
2011 57.5 -0.71 -0.70 0.40
% change +10 - - -78
Ex-div: 21 Sep
Payment: 21 Oct
*Includes intangible assets of £77.2m, or 82p a share
Guide to the terms used in IC results tables.
More analysis of company results
IC VIEW
FairlyPriced
The Tribal that has emerged following the restructuring is radically different from its previous incarnation. With a new management team and the opportunity to further apply technology in education, this presents an opportunity. The company is also well-funded having secured a £30m revolving credit facility until 2015. One for the watchlist, but we remain cautious for now. Fairly priced. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8659561&action=detail Tue, 16 Aug 2011 17:24:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8656970 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8656970&action=detail Tue, 16 Aug 2011 06:46:00 GMT schwee tag:iii.co.uk,2003:tst.8508803 http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8508803&action=detail Fri, 08 Jul 2011 11:18:00 GMT sharebuyer tag:iii.co.uk,2003:tst.8499287
You must be joking if you think that Tribal is only worth £72 million.

I think you need to look at what Nord Anglia was taken over to understand the value of Tribal. By Mr Chuckles ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8499287&action=detail Wed, 06 Jul 2011 16:29:00 GMT Mr Chuckles tag:iii.co.uk,2003:tst.8494700
Talking to a contact in the company recently they seem to be cutting costs (ie sacking people) and undertaking restructurings throughout the business which to me indicates that it is still being lined up for a sale.

The company also has no chief exec currently so its effectively being run by the bean counters without any leadership: surely just waiting for a takeover and the imposition of a chief exec by the new owners/ incorporation in to a wider group.

Lets hope they havent got get rid of too many good people or there wont be anything worth buying.

I would have thought a company offering 75p a share could take control quiet easily By Mosert ]]> http://www.iii.co.uk/investment/detail?code=cotn:TRB.L&display=discussion&id=8494700&action=detail Tue, 05 Jul 2011 22:07:00 GMT Mosert