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  1. #11
    Senior Member
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    FLLYR: TTK: Full Year to 30/06/2004 $2.622M ($3.091M) -15.2% DIV 9CPS

    TRADING RESULT

    Operating performance for the year exceeded expectations with a Net Surplus
    for the year of $2.62 million, which is 26% ahead of the prospectus forecast.
    This reflects stronger than anticipated demand for services in the second
    half of the year, including TeamTalk's recently launched finance product,
    together with continued tight control of costs. Over the year there was
    continued modest growth in both subscriber numbers and revenue per
    subscriber.

    As signalled to the market with its profit upgrade announcement in May the
    company has exceeded its IPO forecasts. The key comparatives for the Group
    2004 results are:

    IPO Forecast $000; Actual $000

    Operating Revenue: 19,560;19,892
    EBITDA: 7,974;8,606
    Net surplus before tax: 3,534;4,372
    Net surplus after tax: 2,086;2,622
    Earnings per share (pre goodwill amortisation): 14.6;17.3
    Dividends(cps): 15.0;16.5

    Great result. Market must have been expecting more. What a fantastic divvie.






  2. #12
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    Mar 2009
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    181

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    Stumbled across this quiet little earner, seems to be a good dividend play.

    They have maintained good sales growth and have seemed to keep ahead of the technology threat that could easily erode their business.

    The recession has not hurt their sales, but will be interesting to see how their margins have held up when the financial s are released.

  3. #13
    Member
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    Mar 2009
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    181

    Default Ttk

    Strong growth in mobile broadband this year. The next couple of years could be very interesting. No sell offers at present though

  4. #14
    Adventurer Silverlight's Avatar
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    Dec 2009
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    492

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    Current Depth for TTK

    1000 2.26 2.3 7951
    1789 2.25 2.35 8000
    1000 2.25 2.38 2000
    1000 2.25
    3000 2.25
    2000 2.25


    From annual report in Sept NTA is 79.5 cps

    Annual Dividend is 20 cents for the past 4 years, thats a pretty good div yield., and PE at full year was around 12.


    TeamTalk Submits Govt Broadband Response
    TeamTalk announced today that together with well known civil contractor Fulton Hogan it has submitted a response to the Government’s Ultra Fast Broadband initiative.

    If successful this will see TeamTalk’s wholly owned subsidiary CityLink join forces with Fulton Hogan to build and operate a fibre optic based telecommunications network throughout the Wellington region.

    TeamTalk’s Managing Director, David Ware is very excited by the proposition. “We’ve got 15 years experience in providing Wellingtonians with the fastest broadband at the lowest cost. With Government support it means that we will be able to get out there and finish the job. We will be able to provide service in the parts of the region we don’t currently serve” Ware said.

    “What really gave us confidence to embark on this project was the overwhelming encouragement and support that we’ve received from Wellingtonians from all walks of life. Be they business people, Council representatives or regular householders they all want to see CityLink get out there and do the business. I think they all realise that the choice facing the Government is whether they create a vibrant competitive market for broadband, or whether they hand Telecom a monopoly for the next 50 years” Ware commented.




    Any current holders have thoughts, or more indepth analysis about TTK's direction?
    ~ * ~ De Peones a Reinas ~ * ~

  5. #15
    Adventurer Silverlight's Avatar
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    TeamTalk Half Year Profit Up 38%


    TeamTalk announced a half year net surplus after tax of $1.98m up 38% on the same period last year. The increase is largely attributable to a substantial reduction in finance costs, including a reversal in the IFRS related revaluations of interest rate hedges. At an operating level revenues for the period were flat at $15.3m versus $15.5m for the same period last year as the group experienced extremely tight trading conditions. Both CityLink and TeamTalk’s mobile radio division experienced unprecedented churn as customers either downsized their businesses or, in some unfortunate instances, went out of business altogether.

    What gives us heart for the future however, as it demonstrates the compelling proposition that our businesses offer, is that there was negligible churn to our competitors. This has seen us remain optimistic about the future meaning we have continued to invest for growth. In particular CityLink dedicated substantial resources to the Government’s UFB response and Araneo (our wireless broadband subsidiary) increased staff resources in order to meet the demand that is building in its sales pipeline. These two factors alone resulted in an increase in costs of over $0.3m.

    Over the period the group continued to generate strong cashflows. This enabled the group to invest $3.8m in growth initiatives at the same time as reducing net debt by $1.3m and maintaining its historic dividend policy.
    ~ * ~ De Peones a Reinas ~ * ~

  6. #16
    Member
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    Oct 2002
    Location
    Tauranga NZ
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    311

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    Can anybody comment as to why TTK in the last 4 weeks gone from $2.06 to close at $2.30 today, (thats about 11.5%) on the 31/5/11 it traded at $2.11?????

  7. #17
    Advanced Member
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    Jul 2000
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    Masterton, , NZ.
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    2,250

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    The yield is great thats why and history suggests sustainable

  8. #18
    Member
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    Oct 2002
    Location
    Tauranga NZ
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    311

    Default Div Yeild

    I see no shares were sold yesterday (10th) there is a bit of a gape between buyers ($2.15) and sellers ($2.30). Team Talk have consistently paid a interim and final dividend of $0.10 since Oct 2008. Even at $2.30 they have a gross dividend yield of nearly 12.5%, (NZX) not many others on the NZX are giving this sort of dividend yeild

    I brought a small number at $2.11 about 3 weeks a go, and looking a getting some more.

  9. #19
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    Oct 2009
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    For those looking for a high yielding stock with a bit of growth, TTK looks not too bad.

    They've just posted a 25% increase in NPAT and said "over the next three years we expect to grow EBITDA by $0.5 million to $1 million pa, to continue to reduce our overall debt, and as a minimum to maintain our current dividend policy".

    PE = $2.16 / ($4.8m NPAT / 23.0m shares) = 10.4x
    EV/EBITDA = (23.0m shares x $2.16 + $18.1m net debt) / $12.5m EBITDA = 5.4x
    Gross dividend yield = 20c / 216 / 72% = 12.9%

    They're cum a 10c dividend payable in a months time. Not sure if there's anything in the 5m cross at $2.00 today?
    Last edited by Catalyst; 02-09-2011 at 11:17 AM.

  10. #20
    percy
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    christchurch
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    Quote Originally Posted by Catalyst View Post
    For those looking for a high yielding stock with a bit of growth, TTK looks not too bad.

    They've just posted a 25% increase in NPAT and said "over the next three years we expect to grow EBITDA by $0.5 million to $1 million pa, to continue to reduce our overall debt, and as a minimum to maintain our current dividend policy".

    PE = $2.16 / ($4.8m NPAT / 23.0m shares) = 10.4x
    EV/EBITDA = (23.0m shares x $2.16 + $18.1m net debt) / $12.5m EBITDA = 5.4x
    Gross dividend yield = 20c / 216 / 72% = 12.9%

    They're cum a 10c dividend payable in a months time. Not sure if there's anything in the 5m cross at $2.00 today?
    Major shareholder selling down.Craigs placed the shares last night with their clients at $2.00 PER SHARE.

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