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Real-Time news about Teg Group (London Stock Exchange): 0 recent articles
|yump: I think by now the share price is probably reflecting exactly where the company is after the last year or so. If not a lot really happens, then the market becomes quite efficient.|
|giant steps: Stocky, indeed a share price can make movements up and down
A break to the downside would make the investment case even more compelling.
(no advice intended)
Awaiting an update on Dagenham, a useful flagship example.
edit : 5yr chart|
|giant steps: Dagenham project gives them a great flagship profile for UK
Plenty of diverse sites, and no nasty contingent liabilities like CCE
Perhaps news due will kick start the share price.|
|cerrito: To be honest not surprised that the share price has fallen back this morning , despite the fact that the all important Dagenham project is on time and on budget and Perth doing well. The news on Manchester seems slightly worse than what I picked up at the AGM-although the PI insurance may be unexpected (for me)good news.
Yes if you compare H1 13 with H1 12 the results look good...not nearly so good if you compare H1 13 with H2 12; segment profit declined H2 12 to H1 13 in both plant operations(£0.1m profit to £0.4m loss) and epc(£0.6m profit to breakeven) and there was no explanation.
They would do themselves a favour by having a new PR firm-no light thrown on this detioration in both profitability and cash flow(H2 operating cash flow a surplus of £3.2m goes to a £1m deficit) nor exactly what is the Gaydon project..I see that Proactive tells us it is an IVC/AD project. I could understand their taciturn report if they had a very concentrated shareholder base with most major shareholders on the board but that is not the case here and would have thought that their wide spread shareholder base needs more insight.
Read going concern statement and the fact that with the new loans they have enough funding for 12 months seems reasonable; sensible given the issues with Manchester that they have got this financing.
What to me is alarming if I have read it right-is the cost; a 5% arrangement fee;interest at 9% and getting 90p on the £1 they have to return; ie back of an envelope calculations for this 18 month loan are near 20%. Granted that it is junior to the bank debt and assuming that the Nomad is right in saying that this is fair and reasonable as far as shareholders are concerned, shows the frightening lack of financial flexibility TEG has.
I am neither selling or buying.
PS please get back if my calculations are wrong.|
|betman: This is getting very tedious. To compound my frustration I sold ALK and kept TEG. DoooohThere seem to be some upbeat bits in the AGM statement but share price still direCan someone give me some positive news before I do something drastic ?|
|betman: PG now has interest in 31.7 million shares valued at £1.9m at 6p. Thats a good size investment and shows he has alot of confidence in the business. At 16.8% its along way short of takeover limit but he would have a strong say if there were an approach
The share price hasnt really gone anywhere for a year but the last results were quite optimistic for the future with a number of development opportunties
IMPAX were a weak holder for whatever reason but PG is a shrewd investor and gives me further confidence for the future
How long before we satrt to see real improveemnt in the share price ? Probably after one or maybe two more new site contracts ??|
|alfieduncan: Ever hopeful... it`s possible the 400k was a buy! I was told a while ago that some large trades are reported up to three days after they`ve been executed. However recent ones do look more like sells. Of course the MMs would argue that to report all large trades at the time of execution could adversely upset the price and cause,in this case,a downward run on the share price. Of course the MMs can and do take full advantage of our ignorance. They would also point out that the larger orders can take sometime to complete and accordingly will only report them when the entire order has been filled.
My hunch though is that buys are outstripping sells and that the bigger boys and girls are accumulating rather than offloading. IMO in the long run,after the short term push me pull me tactics have run their course,we should go in a northerly direction. Hold tight people|
|knigel: Friday or Monday I expect. There be high volume but why should share price hit 3p? I won't be selling my open offer shares at 3.25p..no point. I need a 5p share price minimum before considering to reduce back down.|
|stemis: No, I'm not short but I have extensive knowledge of the waste management industry. But, of course, it's easier to accuse those with sceptical views of trying to drive the share price down for financial gain, than to consider the points made. In contrast those who have been talking up the prospect of the company for the last few years, in the face of fund raising after fund raising, losses after losses, have a clear vested financial interest; being long.
It's noticeable that despite my comments being 'tripe' you aren't able to point to any factual inaccuracies. Have they not had 3 fund raisings in 3 years? Were operation losses not higher than last year, despite increased turnover? Search my posts on this board for the last 5 years (click the SEARCH button at the top and search on Stemis TEG). Was I not right about Greater Manchester?|
|minky65: Whats happening to TEG share price ?Have seen it falling on NO news for a few days now.|
TEG Group share price data is direct from the London Stock Exchange