I have been a holder of this stock for the past 8 months and intent to hold for at least two years to gain the maximum CGT relief as its AIM listed.

I have topped up my holding recently as TPA looks well undervalued to me at the current price of 19.5p.

Reasons as follows:

2004 results (due in March) should show 85% growth on 2003 - EPS of 1.3p. This will give a historic PE of 15 at the current price.

Estimates for 2005 indicate a further 46% growth in earnings to 1.9p which could, IMO, be conservative considering the impact of the big contracts signed in 2004 are yet to fully kick in. The PE estimate is only 10.26 for 2005 - way too low IMO for a growth company.

2006 estimates are for 2.4p of EPS (PE 8.1) - this is why I am holding for at least 2 years - the shares should double to 40p if things stay on track and CGT will be only 5 or 10% with the taper relief.

The earnings have high visibility and should be rated as such - most contracts are signed for 3 or 5 years plus with a good chance of repeat business, contract extensions etc.

Strong cash generation paying off debt for aquisitions.

Contracts with big players such as Virgin, Matalan, BAA, BMI Healthcare and Dixons.

The technology division has the potential to significantly increase earnings which have not been considered in the earnings estimates.

TripleArc is now the 4th biggest print management provder in the UK and still growing - maybe takeover potential there.

Risks:

UK economy might go down hill adversely affecting TPA margins/contracts.
Shares are fairly illiquid and volatile.
Margins get squeezed.
Debt fairly high but being rapidly repaid.
Increased competition.

Overall I feel comfortable to hold a high percentage of my portfolio in this company - my two year timeframe should hopefully see the shares double in value baring unforseen disasters.

Website : http://www.triplearcplc.com/

Shareshark

TPA is quite possibly a very good investment - although the debt will always drag it down a bit - it is very cash generative and they are paying off the debt. As it continues to grow the real value of this one will shine through.

This one gets an II thumbs up.

Topped up with a further 100k over the last few days - 17.5p looks very cheap too me.

It looks even better now. Well worth a punt at these levels.

Could it be the turning point?

The prices has improved all the time since reaching bottom at 7.625p earlier today
the lowest price was buys at 7.87p then 7.93 and later 8p, now 8.10p up to 100K
the sells 7.38p then 7.40 and 7.63 the latest 7.65p on 100K also

From another thread..........
Master RSI - 4 Jul'05 - 11:13 - 25 of 25 edit
UPS
TPA 7.75p
A warning last week that the full year 05 will be less than that reported in 04 .
The technology led print provider said trading in its division's retail has not improved .
The remainder of the group, including the recently acquired Stream
business, performed in line with management expectations.
Falling from 18p the selling is drying up.
Indicators well oversold

Charts - 10 days
edited by moneyam. Breach of copyright

going better today to a very tight spread 8 - 8.25p

The buyers got the upper hand with MM buying 250K at one stage.

offer should move higher tomorrow morning buys 900K sells 300K and 2X100K they are roll over

You think so ? Better get in early then.

See it's really on the up now.

Now thats what you call a Director BUY !

Time to make a decisive move forwards. Very few sellers out there.

Even cheaper now ! Maybe have to add some very soon.

Bloody hell ! Market cap at 14M with 48M turnover !!!! If the profit warning drops the TO to 35 it still has to be a screaming BUY.

Nice rise the last couple of days.

Interesting trades and a very nice rise. Maybe an indication that any overhang has now been cleared. looks cheap compaing market cap to turnover.

Good to see a sharp move higher today.

A great day for TPA and I expect a few more of these as we move closer to the figures being released. It has dropped from 17p to 7p following the profit warning which in reality was a bit overdone.

The early bird may catch the worm.

Overdone for certain now. i see Aviva picked up 5M cheap shares Friday.

Broker Recommendations - Wednesday 5th October 2005, 10:50 am

Altium Securities has upgraded TripleArc (LSE: TPA.L - news) to buy from hold.

In at 3.38 pence...these look likely to double from these levels in the very near future.

Facts we know:

New Finance Director bought 800,000 shares at 7 pence each on 14 July 2005
Aviva bought 4 million shares at around 7 pence each on 14 July 2005
Aviva bought another 5 million shares at 3.50 pence each on 30 September 2005
Altium Securities has upgraded TripleArc (LSE: TPA.L - news) to buy from hold.
on 05 October 2005.