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Topicus.Com Inc V.TOI

Alternate Symbol(s):  TOITF

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across several diverse markets primarily in Europe. Its companies include Total Specific Solutions (TSS) Public and Topicus. Its Topics are engaged in acquiring, developing and managing businesses. Topicus is a provider of consumer centric platforms and common workspaces in the realms of finance, education, healthcare and social services by connecting organizations, professionals and end users. Its TSS software solutions offers its customers financial security, strategic guidance, and share their best practices so that they can be leaders in their respective domains. Its software solutions provide customers with real business value.


TSXV:TOI - Post by User

Comment by Capharnaumon Jun 26, 2021 1:38pm
264 Views
Post# 33456311

RE:Topicus vs Constellation

RE:Topicus vs Constellation
Yeppers12 wrote:

So interestly enough, someone asked Mark Leonard during the CSU annual meeting about the share price of Topocus'.  His reply was (and I'm paraphrasing), "I think people that are paying price where it is now, have a very low bar for returns. And that I could see the share price moving sideways for 5-10 years much like it did for Jack Henry and Associates in the 80's and early 90's."

Looking at its FCA2S compared to CSU (and this so very simple because there is only one quarter of combined results).  Remember TOI reports in euros and CSU reports in USD. 

Topicus = 0.71 x 4 x 1.46 = $4.14 
                 $4.14 / $85 = 4.9%

CSU = $12.67 x 4 x 1.22 = $61.8
                  $61.80 / $1887 = 3.3%

Did you consider there that the earnings per share for Topicus will go down when the share number increases from 39M to around 110M next January after the conversion of the pref equity into common shares? That's going to dilute results per share. I believe post conversion, CSU will also hold around 30% of Topicus common shares. So if you go CSU, you are still exposed to Topicus but would have better return from results then diluted Topicus?

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