UK technology consultancy group Triad (TRD) has announced admitted “disappointing” results for its half-year ended 30th September 2022 but is “delighted to say that the beginning of our second half year has seen a strong upturn in levels of new business wins and bidding activity”.
UK technology consultancy group Triad (TRD) announced results for its half year ended 30th September 2021 this month. The shares were 120p before the announcement and are currently available at 120p to buy. We believe the announcement though greatly encourages for the future.
The results announcement for its half-year ended 30th September 2018 from IT consultancy group Triad (TRD) includes “encouragingly, gross margin as a percentage of revenue has increased to 18.5% (2017: 16.8%)”, “the group's cash position remains extremely healthy… has declared an interim dividend of 1p (2017: 0.5p)” and “the group has made good progress with a number of business development activities aimed at strengthening our profile and increasing our client base across the public and private sectors”. The shares are currently, er, more than 25% lower, towards 45p in response. Hmmm…
As far as Triad Group (TRD) shares are concerned, the latest bullish phase started as recently as June with the recovery of the 200 day moving average, then towards 14p and now up to 18.51p. So what is the share price target now?
With Triad Group (TRD) and the bull argument over the past year, we had until March seen something of a slow burn to the upside. This consisted first of higher support points below the 10p level, followed by the extended basing either side of this zone in Spring 2015,







