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TEG Group Share Discussion Threads
Showing 2351 to 2372 of 2375 messages
|Very sad that such a relevant eco-friendly business of the future has been sunk by the chicanery of the GMA project.|
|June 2010: TEG, the cutting edge technology company is pleased to report it has
bought Simpro Ltd from Sid Lambert and Dave Tipton for £6 million (80% in cash).
Dec 2014: TEG has appointed an administrator to effect a disposal of Simpro Ltd
which has now been transferred to a French major for £1 and assumption of costs.
Sid and Dave must be happy with their exits.|
bam bam rubble
|Shame, years ago it all sounded so promising
- disgraceful outcome for shareholders imo.
|How come total dogs with abysmal balance sheets can place stock but this one
Are you telling me vendors could not push through a 0.5p placing ?
Is this where assets are purchased for a song from the receivers ?|
in time for christmas|
|stemis good call|
|Still have a few left and would have sold everything if I had read earlier the following from Costain's interims
The Natural Resources division saw a return to profit from operations excluding the impact of a provision taken to complete the legacy Greater Manchester Waste PFI contract awarded in 2007.
|It's all too easy to get shafted on aim. Sorry to see this happen to holders, hope some of your other investments make up any losses. All the best|
|End of the road I think. No cash, unquantifiable liability regarding the Manchester project. Absolute shambles of a management.|
|Doesn't look good! Trading on AIM suspended until more financial clarity released. Most likely a prepacked administration as there is still some value from the current assets.....|
|Hope it does not involve de listing! Beware. I sold out Teg after last rights situ have list a few thousand. This looks vulnerable, and having been stung by a delist of fbg years ago, this looks ominous. You are better off with 1.5p than nowt. Maybe the change of strategy will work but not sure mgt looks trustworthy anymore.|
|PG doesn't appear to have been heading for the exits here, so I presume he has some kind of game plan|
|Let's hope you are wrong - that said, I groan every time PG gets involved.|
|as we all know MCap and actual value seldom equate.|
|Looking for some good points.
Almost breakeven on an operating cash flow basis; my spirits lifted when I saw the P & L of the Plant Operations for H1 2014 which was very good but only because there was a positive item of £1058K for negative good will. The gross profit was £1360K compared to £1715k in H2 2013. The negative goodwill arose from the Hillmartin acquisition.
The going concern statement was a killer, even allowing for the fact that they have to worse case it and the following suggests that the progress they have made has been modest indeed
Whilst the company has made progress in relation to the Manchester contracts, the directors consider that the outlook presents significant challenges in terms of resolving the outstanding issues and securing the retentions in the near future.
Interesting that mar cap at 2.5p is £4.7m and book net assets are £18.4m and you can make of that what you will…too bad or the interims do not require them to revalue their goodwill or indeed the carrying value of their receivables.|
|All will depend on PG who is no fool and very wealthy. He seldom leaves SWeden now but keeps his finger on the pulse where he has placed his bets. M f will have had his ears burnt today!!!! PG can afford to write this one off. US shale will compensate. TEG's future depends on PG.|
|Some good some bad, the millstone that is GMA is really taking its toll.|
|Some of the environmental VCT's would also be interested.|
|Oddly enough Waterloo01 I was also thinking Shanks should have a look and pick up some assets.|
|I'm out @ 2.6 loss of 2.5 k 😤 gla who still hold.|
|There were red flags 3 months ago cerrito, see my post 1609. Gutted for you|
|Indeed, hindsight. Trying to find a few positives amongst the wreckage. Manchester seems close to a resolution and the other assets performing well. Given the cash needed as a going concern (which might be relieved if they get the retentions), I would have thought the best value might be a fire sale of the profitable assets to a Shanks et al who like this sort of thing. Might it raise £10m and might shareholders see a return or is this a massive dilution coming, forgetting about them and a lesson learnt?|