Tge Marine Share Discussion Threads

[andrbea] 26/3/2009 09:05

tge mentioned

[andrbea] 24/3/2009 12:23

yes mkt cap on another site (D-Look) confirms your figure
tks Robbie12

the figure given in the header for mkt cap on this thread is wrong.

so on a cash basis it's (way) undervalued at this share price....

[robbie12] 24/3/2009 12:14

Err: 1.2 million shares = £8.4 million market cap at £7 a share.

Cash = £17 million or £14 a share.

So cash = 200% of market cap.

[andrbea] 24/3/2009 12:08

Cash at 31 December 2008 was €54.9m, or €18.5m net of advance payments and 3rd party cash. So, taking, 18.5m euro is ca 16.8m pounds

So ratio of cash & cash equivalents to mkt cap
is 3.62/16.8 = 21%

and they cash is king... :-)

nia dyor

[andrbea] 23/3/2009 15:19

March 16 2009

In the future, India-bound ships will also be carrying increasingly large quantities of liquefied natural gas (LNG) across the seas from southern Africa, even as it continues importing LNG from Qatar, Malaysia, and Indonesia.

[andrbea] 23/3/2009 10:37

To speak at GasTech 2009

Speakers:


Dr Klaus-Dieter Gerdsmeyer

Job Title: Director Sales & Business Development
Company Name: TGE Marine Gas Engineering GmbH


TGE Marine Gas Engineering is a world leader in the development of the IMO type C class for small flexible LNG ships based on Ethylene technology and targeting cargo size of 5,000-30,000m3 (1st ship of 7,500 m3 on delivery by end 2008) and completed design concepts for LNG FSRU/FPSO with cargo tanks of 50,000-80,000m3.

This paper describes alternative and most appropriate LNG import schemes that TGE Gas Engineering (on-shore) and TGE Marine Gas Engineering (off-shore) have specifically designed for the requirements of regional power producers depending on their required LNG/Gas demand, industrial space available, port and coast characteristics.

[andrbea] 19/3/2009 11:24

note director buys last week
totalling 56k pounds I think (12500 x 4.50 pounds)

[andrbea] 19/3/2009 11:07

was once worth 120m pounds
mkt cap now 3.55m pounds (see header)
fall overdone?

Recent article (March 11 2009)

Worth £120 million on arrival, engineer TGE Marine has seen its share price decline by 84 per cent since its £23.7 million IPO, with a profit warning in November resulting in further reversals

[andrbea] 18/3/2009 12:19

lng market

The global market for floating liquefaction and regassification vessels where chilled liquid gas is converted to vapor state is slated to grow over 8.5 Billion Dollars by 2015.

[andrbea] 18/3/2009 10:21

now up 20%

[andrbea] 18/3/2009 08:41

This company (according to the m on ey.am) has a mkt cap of 6.6 million pounds = USD 9.16m

Well - in the current financial climate - cash is king they say.

so ignoring the 25 ships in execution (and the asset value thereof)

they said in the interims...

Cash at 31 December 2008 was €54.9m, or €18.5m net of advance payments and 3rd party cash

so the mkt cap is roughly half net cash


.. and the business is in for free!
Madness!

nia dyor

[andrbea] 17/3/2009 13:11

saw a buy at 27500 quid's worth a few days back (at 17.40h) = after hours

did some brief research

plenty of cash, debt-free
currently building (ships in execution) 25 ships, compared to 38 as at 30.06.08

in mid-2008 it was ca 100 quid a share (38 ships)
so 25 vessels would equate to ca 65 quid/share
currently 5.50 to buy (so a 10-bagger from here?)

nia dyor

[robbie12] 10/3/2009 19:08

Glad I sold at the float. Hehe....

[dibbs] 10/3/2009 19:06

Not much need for a share split now;-)

They use plan B, trade badly to bring the share price down to a sensible level!

Glad I stayed out...

[dibbs] 10/10/2008 00:33

The loss of Kaupthing has made this a one MM stock and WINS clearly don't want to buy. Gonna be hard to get someone else to make a market in TGE in these market conditions.

Dibbs

[leeson31] 09/10/2008 15:52

ridiculous isnt it. only WINS as an mm actually there on level 2.

[vision88] 09/10/2008 15:27

The £70.00p spread share buy for £90 sell for £20 it can never be said there not on offer, my oh my some one broght 11 shares the price has shot up hmmmmm i wonder should i buy 1

vision88

Pondering

[dibbs] 04/7/2008 09:08

Falling steadily now, no news flow at all, glad I left this one alone.

Dibbs

[stegrego] 03/6/2008 07:59

From Hamworthy results:

'It is anticipated that there will be a shift in emphasis towards the strong growth segments of onshore and offshore production of oil and gas, LNG regasification and cruise ships, and away from the gas carrier and tanker
markets with demand for new vessels reducing as fleet capacity expands'

Would be bad for TGE if that happens id have thought?

[stockscreeners] 25/5/2008 23:01

Questor has offered buy recommendation in STelegraph saying PE is 17 compared to 18 for sector average. Off the back of strong forward order book they expect revenue to increase from 82m. euro to 124m over next 3 years. Profits up to Euro 20m. from current 8m.