New Risk • Mar 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: UK£0.042 (vs UK£0.026 in FY 2024) Full year 2025 results: EPS: UK£0.042 (up from UK£0.026 in FY 2024). Revenue: UK£92.5m (up 2.8% from FY 2024). Net income: UK£8.93m (up 63% from FY 2024). Profit margin: 9.7% (up from 6.1% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Announcement • Feb 18
Tribal Group plc Announces Interim Dividend, Payable on March 27, 2026 Tribal Group plc announced an interim dividend of 1.3 pence per share, which will be paid on 27 March 2026 to shareholders on the register at the close of business on 27 February 2026. The ex-dividend date will be 26 February 2026. This interim dividend is in place of a final dividend in respect of the year ended 31 December 2025, which would typically have been paid in July 2026. Announcement • Jan 29
Tribal Group plc to Report Fiscal Year 2025 Results on Mar 26, 2026 Tribal Group plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Mar 26, 2026 Upcoming Dividend • Dec 26
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 02 January 2026. Payment date: 29 January 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.5%). Announcement • Dec 14
Tribal Group plc Intends to Pay a Special Dividend on 29 January 2026 As a result of the strengthened balance sheet, the Board of Tribal Group plc intended to pay a Special Dividend of 1.5 pence per share on 29 January 2026 to shareholders on the register at the close of business on 5 January 2026. The ex-dividend date will be 2 January 2026. Price Target Changed • Nov 24
Price target increased by 12% to UK£0.91 Up from UK£0.81, the current price target is an average from 2 analysts. New target price is 38% above last closing price of UK£0.66. Stock is up 36% over the past year. The company is forecast to post earnings per share of UK£0.032 for next year compared to UK£0.026 last year. Board Change • Oct 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Company Secretary, CFO & Director Diane McIntyre was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Tribal Group plc to Report First Half, 2025 Results on Aug 19, 2025 Tribal Group plc announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • Mar 27
Tribal Group plc, Annual General Meeting, May 27, 2025 Tribal Group plc, Annual General Meeting, May 27, 2025. Announcement • Aug 21
Tribal Group plc Intends to Pay Interim Dividend, Payable on 28 November 2024 The Board Tribal Group plc intended to pay an interim dividend to shareholders of 0.65 pence per share on 28 November 2024 to shareholders on the register at the close of business on 31 October 2024. The ex-dividend date will be 31 October 2024 and Record Date as 1 November 2024. Announcement • Jul 26
Tribal Group plc to Report First Half, 2024 Results on Aug 20, 2024 Tribal Group plc announced that they will report first half, 2024 results on Aug 20, 2024 Announcement • Apr 21
Tribal Group plc, Annual General Meeting, May 20, 2024 Tribal Group plc, Annual General Meeting, May 20, 2024, at 08:00 Coordinated Universal Time. Location: Investec, 30 Gresham St, London United Kingdom Agenda: To receive the audited financial statements for the year ended 31 December 2023, together with the directors' reports and the auditors' report on those financial statements; to re-appoint BDO LLP as auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next general meeting at which accounts are laid before the Company; to authorise the directors to determine the remuneration of the auditors; to re-elect as a director Richard Last who offers himself for re-election; to re-elect as a director Roger McDowell who offers himself for re-election; and to consider other matters. Announcement • Mar 21
Tribal Group plc to Report Fiscal Year 2023 Results on Mar 21, 2024 Tribal Group plc announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Feb 02
Tribal Group plc Provides Earnings Guidance for the Year Ended 31 December 2023 Tribal Group plc provided earnings guidance for the year ended December 31, 2023. For the period, Board anticipates a solid trading performance with revenue marginally ahead, of current market expectations. Closing Core Annual Recurring Revenue (ARR) is expected to have increased by 13% to £51.1 million (2022: £45.3 million at constant currency), subject to audit, reflecting growth in the Group's strategic products. Overall ARR is expected to have increased by 9% to £54.5 million (2022: £50.2 million), reflecting the anticipated decline in the non-core Software and Services segment. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: UK£0.022 (vs UK£0.007 in 1H 2022) First half 2023 results: EPS: UK£0.022 (up from UK£0.007 in 1H 2022). Revenue: UK£43.4m (up 2.3% from 1H 2022). Net income: UK£4.72m (up 201% from 1H 2022). Profit margin: 11% (up from 3.7% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jul 24
Tribal Group plc to Report First Half, 2023 Results on Aug 24, 2023 Tribal Group plc announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • May 07
Tribal Group plc, Annual General Meeting, May 30, 2023 Tribal Group plc, Annual General Meeting, May 30, 2023, at 08:00 Coordinated Universal Time. Location: Investec, 30 Gresham St London United Kingdom Agenda: To receive the audited financial statements for the year ended 31 December 2022, together with the directors' reports and the auditors' report on those financial statements; to consider a final dividend of 0.65 pence per ordinary share for the year ended 31 December 2022; to re-appoint BDO LLP as auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next general meeting at which accounts are laid before the Company; to authorise the directors to determine the remuneration of the auditors; to consider the re-election of directors; and to consider other issues. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: UK£0.002 loss per share (down from UK£0.034 profit in FY 2021). Revenue: UK£83.6m (up 3.0% from FY 2021). Net loss: UK£510.0k (down 107% from profit in FY 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. Consumer Services industry in the United Kingdom expected to see average net income growth of 45% next year. Consensus price target down from UK£1.34 to UK£1.11. Share price fell 18% to UK£0.46 over the past week. Price Target Changed • Nov 16
Price target increased to UK£1.34 Up from UK£1.20, the current price target is an average from 2 analysts. New target price is 113% above last closing price of UK£0.63. Stock is down 36% over the past year. The company is forecast to post earnings per share of UK£0.032 for next year compared to UK£0.034 last year. Reported Earnings • Aug 18
First half 2022 earnings released: EPS: UK£0.007 (vs UK£0.021 in 1H 2021) First half 2022 results: EPS: UK£0.007 (down from UK£0.021 in 1H 2021). Revenue: UK£42.4m (up 7.9% from 1H 2021). Net income: UK£1.57m (down 65% from 1H 2021). Profit margin: 3.7% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 21% growth forecast for the Consumer Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 39% and the cash payout ratio is 81%. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.0%). Lower than average of industry peers (2.5%). Price Target Changed • Apr 27
Price target increased to UK£1.34 Up from UK£1.20, the current price target is an average from 2 analysts. New target price is 44% above last closing price of UK£0.93. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of UK£0.032 for next year compared to UK£0.034 last year. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: UK£0.034 (up from UK£0.031 in FY 2020). Revenue: UK£81.1m (up 11% from FY 2020). Net income: UK£6.99m (up 10.0% from FY 2020). Profit margin: 8.6% (down from 8.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 2.0%, compared to a 23% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 22
Price target increased to UK£1.34 Up from UK£1.20, the current price target is an average from 2 analysts. New target price is 34% above last closing price of UK£1.00. Stock is up 12% over the past year. The company is forecast to post earnings per share of UK£0.03 for next year compared to UK£0.031 last year. Reported Earnings • Aug 14
First half 2021 earnings released: EPS UK£0.021 (vs UK£0.019 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£39.3m (up 2.9% from 1H 2020). Net income: UK£4.43m (up 17% from 1H 2020). Profit margin: 11% (up from 9.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Jul 01
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 29 July 2021. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.7%). Recent Insider Transactions Derivative • Jun 24
Chairman of Executive Board exercised options and sold UK£113k worth of stock On the 21st of June, Mark Pickett exercised options to acquire 115k shares at no cost and sold these for an average price of UK£0.98 per share. This trade did not impact their existing holding. For the year to December 2020, Mark's total compensation was 26% salary and 74% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Mark's direct individual holding has increased from 693.24k shares to 740.92k. Company insiders have collectively sold UK£2.4m more than they bought, via options and on-market transactions in the last 12 months. Executive Departure • Jun 02
Acting Chief Financial Officer has left the company On the 1st of June, Paul Simpson's tenure as Acting Chief Financial Officer ended after 2.2 years in the role. We don't have any record of a personal shareholding under Paul's name. A total of 2 executives have left over the last 12 months. Recent Insider Transactions Derivative • Apr 04
Chairman of Executive Board exercised options and sold UK£206k worth of stock On the 1st of April, Mark Pickett exercised options to acquire 200k shares at no cost and sold these for an average price of UK£1.03 per share. This trade did not impact their existing holding. For the year to December 2020, Mark's total compensation was 26% salary and 74% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since December 2020, Mark has owned 693.24k shares directly. Company insiders have collectively sold UK£2.3m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Apr 04
Board Member recently sold UK£1.0m worth of stock On the 1st of April, Roger McDowell sold around 1m shares on-market at roughly UK£1.03 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£2.1m more than they bought in the last 12 months. Executive Departure • Mar 30
Independent Non-Executive Director has left the company On the 25th of March, Nigel Halkes' tenure as Independent Non-Executive Director ended after 1.2 years in the role. As of December 2020, Nigel personally held only 14.29k shares (UK£12k worth at the time). Nigel is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: UK£73.0m (down 6.7% from FY 2019). Net income: UK£6.36m (up UK£9.32m from FY 2019). Profit margin: 8.7% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Is New 90 Day High Low • Feb 11
New 90-day high: UK£1.00 The company is up 39% from its price of UK£0.72 on 12 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.38 per share. Is New 90 Day High Low • Jan 14
New 90-day high: UK£0.94 The company is up 47% from its price of UK£0.64 on 16 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.23 per share. Announcement • Jan 02
King's College London Signs Multi-Year Subscription for Tribal: Cloud Service Tribal announced that it has signed a £3.1 million, 5-year contract with Kings College London to provide the university with its Tribal:Cloud service. The incremental revenue from the contract is £2.1 million, and includes an incremental Annual Recurring Revenue value of approximately £0.3 million per year, commencing in June 2021. An existing on-premise customer of Tribal Group, King's College London has elected to migrate its current Student Management System (SMS), SITS: Vision, to the Tribal SITS Cloud, providing an improved student experience and delivering operational efficiencies for the university. Announcement • Dec 30
Tribal Group plc Signs Significant Eight-Year Contract Worth Up to SGD 30 million with Nanyang Technological University Tribal Group plc announced that it has signed a significant eight-year contract worth up to SGD 30 million with Nanyang Technological University, Singapore for Tribal's cloud-based SITS:Vision Student Management System and next-generation Tribal Edge products. The contract will increase Annual Recurring Revenues by approximately £1.2 million per year, with implementation commencing in the first quarter of 2021. Is New 90 Day High Low • Dec 24
New 90-day high: UK£0.80 The company is up 33% from its price of UK£0.60 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.24 per share. Is New 90 Day High Low • Dec 04
New 90-day high: UK£0.74 The company is up 21% from its price of UK£0.61 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.05 per share. Is New 90 Day High Low • Nov 12
New 90-day high: UK£0.72 The company is up 18% from its price of UK£0.61 on 14 August 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.01 per share. Price Target Changed • Oct 30
Price target raised to UK£0.85 Up from UK£0.75, the current price target is an average from 2 analysts. The new target price is 31% above the current share price of UK£0.65. As of last close, the stock is up 6.6% over the past year. Is New 90 Day High Low • Oct 22
New 90-day high: UK£0.65 The company is up 23% from its price of UK£0.53 on 24 July 2020. The British market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.78 per share. Announcement • Oct 07
Tribal Group plc Signs Contract with Arden University for its SITS:Vision Student Management System Tribal Group plc announced that it has signed a contract with Arden University for its SITS:Vision Student Management System. The contract is for five years and has a total contract value of £2 million, including annual recurring revenues of approximately £175,000 per year. There is an option to extend for an additional two years at the end of the initial contract period and then extend for a further two years beyond that. The contract with Arden University is strategically significant as it is the third full system deal Tribal has closed this year and shows the continuing momentum in this part of the business.