TNE - Technology One

[seaurchin]

This one looks like a goodun....I like it cos it has earnings with a track record of profits ...If steady in next year still could rise as it has been sold off..In unloved sector....Info. tech... we shall see .Share buy back. Xdiv....Sept....should hold it here.

Cheers

[britishcarfreak]

What's up with these guys yesterday and today? No announcements - going south pretty quick. Broker recommendations a few days ago were buy at 90-95cents???

[LifeisShort]

buying opportunities then......

[britishcarfreak]

Crap - I saw it happening but didn't buy - down to 84c on an oversell then very quick back to 94c. I knew there was a day trade there.

[prawn_86]

This one was just touted on SkyBusiness as being a consistent div payer, solid double digit growth, and management that always delivers on what it says.

Any members have thoughts?

[burglar]

A chart!

[Noddy]

This one was just touted on SkyBusiness as being a consistent div payer, solid double digit growth, and management that always delivers on what it says.

Any members have thoughts?

TNE estimates for EPS/DPS -
2011, 2012, 2013, 2014
6.5 7.3 8.3 9.1
6.1 6.2 6.7 6.5
Broker's consensus target is $1.20 -$1.25
TNE recently reached it's target price and has fallen back a bit.
Seems to be a few IT shares in this category (DWS,MLB,ASZ,HSN etc) and none of them doing anything spectacular at this stage. But what is ?
Comment on Sky business seems to me to be spot on. TNE is paying around 5%, a little better than bank interest on fixed deposits at present.
Would buy it myself if price declines to around $1.00 level.

[skc]

This one was just touted on SkyBusiness as being a consistent div payer, solid double digit growth, and management that always delivers on what it says.

Any members have thoughts?

It is a good solid company. I held these for years until recently. The thing I like about TNE is that they expense all R&D in the current year - so the balance sheet is not loaded with intangibles that simply gets written down if the research doesn't produce the desired benefits.

The other advantage is that they are the few mid size ERP software available (and probably the only local product) and so these can generate ongoing fees.

Current prices are at the high end of PE multiple so it's a hold. Paying anything below PE 12x (sub 80c) would be a solid investment for years to come imo.

P.S. I bought these back in 2002 when I knew not much about the markets. I drove pass their office most days to work so I did some research about them. Funny thing is right next to them is the office of Data #3 - which had been a much better investment for the last 10 years.