TRIBAL GROUP (TRB) – Software
| Price: 67.6p +8.2% | P/E: 18x |
| Market Cap: £145m | Yield: 1.5% |
AIM-listed education software and services firm Tribal revealed it has enjoyed stronger-than-expected second-half growth and will deliver revenue and EBITDA ahead of current market expectations for the year to 31 December.
The group also said it expects a ‘substantial’ improvement in its cash position, and is now sustainably cash-positive so it will pay a special dividend of 1.5p per share at the end of January.
Our View
While it may not quite be on the same scale as NEXT or GAMES WORKSHOP, it’s nice to see another firm making a special payout to shareholders.
It’s worth remembering, Tribal had a 74p per share offer on the table from US peer Ellucian back in 2024, but it was sunk by major stakeholder Jenzabar, based in Dublin, which still has a 26.2% shareholding.
Read the press release here: https://www.tribalgroup.com/investors
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