its in an upward trend expect around 50+ in short term
it is a divident paying company and has show very good growth

do research before you do anything

Worth looking at following link which includes comments from Carl Jackson (Head of Business Recovery Tenon) . Which makes me more confused with the recent weakness in share price.

http://www.telegraph.co.uk/finance/financetopics/recession/3275282/Business-failures-rocket-as-banks-call-in-the-receivers.html

BEG was also down, but that may be partly due to 7.8m more shares being released.
Everything seems to be dragged down in this market. Looks like TNO is no exception, but I would still expect them to produce good results, so may be worth buying before that in anticipation.

I'm looking to hold for 12/18 month's, would think the results will be very strong during this time, and we should see a re-rating to reflect this.

It's tempting to buy more but I have already tipped in twice, saying that the low 40s might tempt me.

I had wondered why the price was weak the week before last, when it drifted down to 48p. The answer is that Polar capital forager fund ltd had been selling 500k shares, and now hold 9.445.528. At least the stock has been placed now, and we can see a recovery to 53.5p.

I noticed that Russell McBurnie Finance Director brought 20,200 at 48.495p, taking advantage of the depressed sp.

I have read so much about the increase in business failures, I would imagine that the recovery division will be well ahead of expected forecasts. I know I have said this before, but now the stock overhang has gone, the sp should start to move.

Plenty of selling today, over 1 million against 45k buys, but price held up well which is a good sign. One sell trade for 20k at 16:10 showed at 34p, a mistake I would hope or someone will be very unhappy with there market maker.

About an 18 month low atm.
2517

Any particular reason? I thought this was meant to be one of the safer ones along with BEG? I don't hold at present, but watch both of them for possible entry point.

HARRYCAT----I've not seen anything, I did hold earlier this year but sold at a small profit, like you I watch BEG (well off their year high) as well as TNO, and this is supposed to be their sort of environment so the sp should be going the other way.
2517

My guess is that this is only going to attract any interest when results are due to be released. There doesn't seem to be any news otherwise which will make this more attractive to investors. BEG seems to be the safer bet, imo.

There has been more selling this week, but I can't find out why, as mentioned before this company should do very well in this economic climate. They were tipped in the IC today as a buy at 51p, so this must be the reason. lol.

Begbies trading statement today states that Corporate finance division operating losses in the first half at 1.0 million pounds, significantly worse than earlier expectations.

Tenon's Corporate Finance position is 7% of company, the other divisions are as follows.

Personal Financial advice = 33%
Business taxation and advisory = 23%
Turnaround and recovery = 19% *
Accounts and Audit = 12%
Corporate Finance = 7 %
Outsourcing = 6 %

* Turnaround and recovery could be 25% + of business now.

Bob Morton increasing his stake in TNO.

sp looks way oversold for a business thriving on the increasing insolvencies.

Highly cash generative as well.

Agree it looks very oversold, I should have sold weeks ago at my stop/loss, but human nature being what it is !

New years resolution - Always sell at stop/loss and be happy too.

managed a small top up at 37p, will add a few more if it dips again.

Only 20% of TNO revenue comes from insolvency work, so although that part of the business is forecast to grow in 2009, the rest, including accounting, business services & speciality financing may not be so good.

looked a bit stronger today, plenty of buys as well.

At least you are in good company, Bob Morton Chairman brought 250.000 at 36.25p he should know a undervalued share price. If nothing else it gives you a great place to set the stop/loss.

Not sure what has caused all the buying, maybe they have had a mention somewhere.

can't see any press related mentions.

It'll be interesting to see if the sp. falls back on Monday, I have a suspicion it might.

The market was expecting some selling pressure today, and marked TNO down 0.75p before open. But instead we have some healthy buying again, up 6% to 48.75p.

There is no doubt that parts of the business have slowed, Begbies last trading said that Corporate Finance had almost stopped in the last 2 month's, fortunately TNO have only 7% exposure to this. And I would expect them to re-deploy staff to Business Recovery, to make up for shortfall elsewhere.

Should see a good bounce today, as this is the only positve trading update I can find today. See below............

Tenon Group PLC, the AIM quoted advisers to entrepreneurs, will announce its
results for the 6 months ended 31 December 2008 on 18 March 2009.

The Group has continued to perform in line with expectations and prospects
remain encouraging for our broadly based business.

Excellent growth has been generated in our Recovery and related service lines.
We expect the phasing of the downturn in the economy to continue to benefit
these services and compensate for the effects upon parts of our corporate
finance and financial services activities.

Cash management performance continues to be strong. Investments in the growth of Recovery, working capital and in debtor payment periods have been carefully
controlled. Building on the success of our earlier benchmarking initiatives,
further efficiency measures are currently being implemented and will result in
an improved cost base.

Chief Executive, Andy Raynor said:

"Tenon continues to thrive by providing services that are relevant to all
economic circumstances, that are in demand and that are of high value. This is a
firm base from which to make further progress."