Tribal Group (TRB)

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61.50p
   
  • Change Today:
      1.25p
  • 52 Week High: 89.00
  • 52 Week Low: 59.00
  • Currency: UK Pounds
  • Shares Issued: 199.19m
  • Volume: 1,383
  • Market Cap: £122.50m
  • RiskGrade: 169
  • Beta: 0.02

Tribal Group warns of slowing growth as revenues dip

By Duncan Ferris

Date: Tuesday 20 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Tribal Group's shares fell on Tuesday as it reported a drop in interim revenue and warned that short to medium term growth may slow amid a "structural shift" in the education software industry.
The AIM traded company reported revenue of £40.4m for the six months ended 30 June, for a 4.0% fall from the same period last year, as its education services division experienced a 9.0% reduction in sales to £11.7m.

However, revenue from the student information systems division remained constant at £28.7m and overall annual recurring revenue increased 5.0% to £19.9m so that it now represented 49.0% of total revenue as opposed to 45.0% at the same point last year.

Meanwhile, profit before tax increased by 4.0% to £4.3m, which was in line with management's expectations.

Tribal also warned that its outlook will be affected if large new licence opportunities in higher education remain depressed, stating that although its team continues to work on a number of bids the longer-term nature of the sales cycles may have a slight impact on the expected revenues and operating profit in 2020.

The company stated that this comes as the industry undergoes a structural shift, with a move away from costly and inefficient on-premise solutions and demand increasing for flexible, cloud-based student information platforms built on an open ecosystem.

Consequently, the educational software provider was optimistic that Tribal Edge, its next generation cloud platform, has the potential to transform its long-term growth prospects.

Mark Pickett, chief executive of Tribal, said: "Our outlook for the full year remains unchanged subject to successfully winning the Middle East inspections work in H2, we continue to work on a number of new revenue opportunities, and we remain very excited about the longer-term growth opportunities available to us through the transition to Tribal Edge."

Tribal Group's shares were down 8.19% at 66.10p at 0832 BST.

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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 61.50p
Change Today 1.25p
% Change 2.07 %
52 Week High 89.00
52 Week Low 59.00
Volume 1,383
Shares Issued 199.19m
Market Cap £122.50m
Beta 0.02
RiskGrade 169

Tribal Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average
44.26% below the sector average44.26% below the sector average44.26% below the sector average44.26% below the sector average44.26% below the sector average
Price Trend
61.02% below the market average61.02% below the market average61.02% below the market average61.02% below the market average61.02% below the market average
60.63% below the sector average60.63% below the sector average60.63% below the sector average60.63% below the sector average60.63% below the sector average
Income
47.8% below the market average47.8% below the market average47.8% below the market average47.8% below the market average47.8% below the market average
52.81% below the sector average52.81% below the sector average52.81% below the sector average52.81% below the sector average52.81% below the sector average
Growth
13.90% above the market average13.90% above the market average13.90% above the market average13.90% above the market average13.90% above the market average
11.86% above the sector average11.86% above the sector average11.86% above the sector average11.86% above the sector average11.86% 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 13-Sep-2019

Time Volume / Share Price
13:16 1,383 @ 62.50p

Tribal Group Key Personnel

CEO Mark Pickett

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