Report
Tony Williams

Titon Holdings Plc (TON): Over the moon

Poetic use dates back to 1718. Spoken or scribed, though, ‘over the moon’ is a reference to jubilation and now commandeered by English footballers. Titon United, though, can justifiably use it to describe its result in fiscal 2017. The same applies to its largest earner, South Korea, which played a blinder. Here, though, it is ‘under the Moon’ as embodied by skilful new President Moon Jae-in.
Underlying
Titon Holdings PLC

Titon Holdings is engaged in the design, manufacture, marketing and sales, plus its associate's activity in real estate development: trickle vents and hardware products for the window and door fabricator markets in the U.K., Europe and the U.S.; mechanical ventilation products for the new build residential markets in the U.K. and Europe; and natural ventilation products for the new build residential market in South Korea. The first two activities are carried out by Co.'s subsidiaries, Titon Hardware Limited and Titon Inc. (in the U.S.). The third activity is carried out by Co.'s subsidiary, Titon Korea Co. Ltd. and Browntech Sales Co. Limited, Co.'s associate company.

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Hardman & Co
Hardman & Co

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Analysts
Tony Williams

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