TNE - Technology One

[seaurchin]

TNE...yield 5.6%... share buy back to underpin.

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.

 

[ThingyMajiggy]

Anyone been on TNE for the last few years must be happy, going nicely, was thinking of getting into these guys, I think cloud services are going to be strong in the coming years.

 

[piggybank]

It appears to be one that doesn't have much of a following here @ ASF. All the pity given it's present excellent run up...

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[Boggo]

It appears to be one that doesn't have much of a following here @ ASF. All the pity given it's present excellent run up...

From a weekly perspective its in the same class as the likes of NHF, GXL etc.

Its the quiet ones you have to watch

TNE weekly chart (click to expand).

 

[peter2]

It looks to me that it's time to start watching this "quiet one" again for our next trade.

The weekly trend is UP. The daily trend is down and price is trading around an old weekly high level (3.50). There's a little higher low (HL) on the chart, but it might be prudent to wait for further signs of demand and a BO >3.75.

 

[fanger]

I bought this recently and I'm worried I might have paid too much for it. Some others in this sector have had average numbers out like DTL and DWS. With TNE trading above 30x any disappointment will see this get smashed.

 

[galumay]

I wouldnt worry too much, its a much better business than either DTL or DWS, hold it for the long term, buy it on the dips and build a big position. I paid a pretty high price too, businesses like this rarely give an opportunity for really cheap buying.

 

[Cam019]

TNE starting to setup nicely here. A push right up into prior resistance today on a bit of volume. Would like to see a few more narrower range bars printed to get the best R/R ratio possible. No trade at the moment as iSL would have to be placed too wide for my liking. Watch list.

 

[jjbinks]

TNE looking good on daily and weekly
Looks like it might break through resistance at ~7.50 and has a bit of a ascending triangle pattern on weekly

 

[galumay]

A great business, well run. Its one of my highest conviction holdings. Its been a tech business largely ignored by the market, trades on metrics a fraction of the over-hyped, over-priced 'glamour' stocks of the sector.

 

[Cam019]

Disclosure: Held

 

[rnr]

Obviously Technology One's results for the 1st half 2019, refer news release May 21st 2019, were very exciting! Now how would one know that in advance...perhaps it could be the gap down at open on the day of the press release was made public

 

[rnr]

Given that Technology One's results for the 1st half 2019 were due for release on May 21st 2019 one would have to wonder whether someone was trying to manipulate the market on May 20th and the open of May 21st. Given the potentially "bad news" to be released during the day, one could well be interested to know why the early buyers were willing to take on such a potential risk?

NB
@joeblow Would you please delete my previous post from this thread.