Tribal Group (TRB)

Sector:

Support

Index:

FTSE AIM All-Share

 57.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 79.90
  • 52 Week Low: 57.50
  • Currency: UK Pounds
  • Shares Issued: 199.19m
  • Volume: 7
  • Market Cap: £114.54m
  • RiskGrade: 112

Tribal Group buys Swansea-based Crimson for up to ?10m

By Michele Maatouk

Date: Friday 10 May 2019

LONDON (ShareCast) - (Sharecast News) - Tribal Group said on Friday that it has bought Crimson, a Swansea-based provider of customer relationship management based solutions to the education market, for up to £10m.
The consideration comprises an initial £6m and a further £4m based on meeting annual recurring revenue growth targets.

Tribal said the deal, which will be financed through existing cash resources, will be earnings accretive in the medium terms as it is reinvesting in Crimson to drive increased revenue in markets.

The company - a provider of software and services to the international education management market - said Crimson brings with it a broad existing customer base and strong relationships with universities and further education colleges, presenting "compelling" new cross-selling opportunities.

For the year ended 31 December 2018, Crimson had revenues of £3.0m, operating profits of £0.6m and net assets of around £0.3m.

Tribal's chief executive officer, Mark Pickett, said: "The acquisition of Crimson provides our current customers with complementary functionality and delivers to our vision of empowering the end to end student lifecycle.

"We warmly welcome all customers who are new to Tribal and look forward to fully supporting them with their organisation's needs into the future, and also welcome the whole Crimson team to Tribal."

At 1240 BST, the shares were up 2.1% at 72.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tribal Group Market Data

Currency UK Pounds
Share Price 57.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 79.90
52 Week Low 57.50
Volume 7
Shares Issued 199.19m
Market Cap £114.54m
RiskGrade 112

Tribal Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average
23.33% below the sector average23.33% below the sector average23.33% below the sector average23.33% below the sector average23.33% below the sector average
Price Trend
66.87% below the market average66.87% below the market average66.87% below the market average66.87% below the market average66.87% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
38.52% below the market average38.52% below the market average38.52% below the market average38.52% below the market average38.52% below the market average
38.82% below the sector average38.82% below the sector average38.82% below the sector average38.82% below the sector average38.82% below the sector average
Growth
14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average
12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tribal Group Dividends

  Latest Previous
  Final Final
Ex-Div 02-May-19 03-May-18
Paid 29-May-19 25-May-18
Amount 1.10p 1.00p

Trades for 06-Dec-2019

Time Volume / Share Price
08:00 7 @ 58.50p

Tribal Group Key Personnel

CEO Mark Pickett

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