Tp Share Discussion Threads

[timojelly] 25/1/2017 07:49

I know where you are going with this Pavey, don't tease him its nice and quiet.

[pavey ark] 25/1/2017 07:44

Cash balance up with an exceptional payment of £300k in H1.
The latest Edison forecast/ guesstimate in September was for a year end cash balance of £8m.
I assume that the house brokers figures (Cenkos)were upgraded after the December statement and surprise, surprise they are now closer to the real figures.
Once again we see that the research done on small companies like TPG is not great and people really should do their own thing.

Obviously I'm very pleased with this figure and it does like a bolt on addition could be made very easily, especially as I expect £2m/£3m to be added to cash this year !

Edit: much more info to be got from the Simon Kings presentation next week.

[timojelly] 25/1/2017 07:19

10p imminent

[nw99] 25/1/2017 07:16

Brilliant cash in the kitty , biz performing well looking good on the acquisition trial now

[timojelly] 25/1/2017 07:12

£9.2million in the kitty! Gotta start spending....

[timojelly] 25/1/2017 07:11

Cash balance £2 . 2 million up!

[pavey ark] 22/1/2017 13:56

Septblues,
There are certainly worthwhile things going on in the D&T business and the Spirax Sarco deal is very well advanced (check the Spirax site for info on their electricity from steam pressure step down).
The US system for electricity from the gas grid pressure step down is going ahead with a second unit shipped out so I expect to hear something soon and the EU deal looks very interesting.
The point I was making is that the D&T unit has been a drain for years and it now looks like the losses are under control.
The immediate priority is to keep the value of the IP alive and keep the costs down while the other units produce real and immediate revenue.
This unit could surprise to the upside and that would be very significant for the share price but for now it is in there for nothing.

[septblues] 22/1/2017 08:31

Thanks PA

I have to admit i've lost track of what the various units / subsidiaries / divisions are and are called.

They had an air bearing well head developent for the Nort Sea Platforms; they had an air bearing electricity generator from gas down-pressure units in Centrica's network; an air bearing surface gas network driver for the Saudis, a EU part funded cryogenic energy storage; etc. All that seemed to have very large licence upside if exploited. But as you say its only worth something if it can be proven to work and, I would add is commercialised.

Dont know how much of that is now left.

[pavey ark] 21/1/2017 11:00

Septblues, I have no idea what the IP value is but I take it you mean the compressor business IP value.
Certainly more than £50m was spent developing the technology but it is only worth something if it can be proven to work and that is what management are trying to do.
The massive losses incurred in developing this unit may be worth a considerable amount especially as the company is moving into profit but I'm no tax expert.
If you are looking for a large value figure you only have to look at the Maritime unit.
2016 EBITDA should be close to £4m for this unit and given its unique position,large ,long term and rising order book it is worth £40m on its own.
I have never given any value,IP or otherwise, to the D&T unit but that day may come but for now I am happy to see the losses coming down by large amounts.
Without the D&T unit the share price would be 10p+ but given the money spent and the losses incurred it may yet contribute.

Although the D&T losses have fallen dramatically year on year they have masked the stunning performance by the Maritime (submarine) unit.
The big positive that lies ahead is the other three units in total producing a positive contribution to EBITDA and not detracting from the performance of TP Maritime.
It should be quite possible for the engineering unit and the MS unit to produce a profit well in excess of the D&T loss and if D&T were to break even/make a profit then we have a whole new ball game.

I look forward to the TPG presentation on the 31st of January when we should get a full update on how things are going.

[timojelly] 20/1/2017 14:43

A few loading up before Monday morning I see.

[septblues] 20/1/2017 14:19

Someone has posted that the Intellectual Property is worth £50m. Can't remember who or where.

What's the origin and justification for that?

[cottoner] 20/1/2017 12:01

Recent TU suggests it being positive news as well.

[timojelly] 20/1/2017 11:51

Lots of news on the way..

[pavey ark] 20/1/2017 08:25

Well the 31st Jan is certainly a date for the diary.
Last year Simon Kings gave an excellent presentation that was full of useful (vital ?) information about the company and where it was going.

[sharesevents] 19/1/2017 15:09

Promotional post - The Growth and Innovation Forum will show you how to take advantage of new investment opportunities in technology stocks and funds. Come and see Simon Kings, Executive Director - TP Group and 20 other companies present at the Growth and Innovation Forum on 31st January 2017 at Business Design Centre London. Find the next stock market ‘winner’. Satellite Solutions Worldwide +79%, CyanConnode +43%, Instem + 44%, Summit Therapeutics +32% and XLMedia +46% all attended last year. Click to register to attend for free

The other companies also presenting Jaywing, RedstoneConnect, Blancco Technology Group, CloudCall, Frontier IP Group, CyanConnode, Bango, LoopUp, CityFibre, TP Group, AJ Bell, ANGLE, Legal & General UK Alpha Trust, Defenx, Instem, WANdisco, Collagen Solutions, Avacta, One pm Finance, Cenkos Securities and Mirada.

[glennborthwick] 19/1/2017 14:54

better be after my payday as I want to buy in

[timojelly] 19/1/2017 08:50

'The TP Group Board is pleased to announce that the business performance in FY16, in terms of EBITDA, is likely to significantly exceed current market expectations. In addition, subject to the receipt of expected payments, the Group's year-end cash position is also likely to exceed expectations. The Company expects to make a further update in January 2017 and to announce audited results for the year ending 31 December 2016 in April 2017.'Tick, tock, 9 working days left.....

[pavey ark] 15/1/2017 13:31

Obviously the trading update is due very soon and with it some snippets of info.
The cash position can be worked back to give a fairly accurate guess of EBITDA and I strongly suspect that an overall/ bottom line profit is on the cards which compared with a £5m loss just a few years ago is very impressive.

The businesses bought by that clever Mr Cartmell have always shown a profit but at last the compressor losses now seem to be under control.

Looking to the future we should have the advantage of reversing the losses in reorganising the engineering unit and finally tidying up the compressor business both in H1 and certainly significant.

The share price more than doubled in 2016 and there is certainly scope for the same again in 2017 ( MS, engineering and Maritime all look very good bets for 2017 and a promised reduction in losses in the compressor unit would be very nice)

Sticking my neck out I can get figures that sit very comfortably with a share price over 10p.

A not unreasonable EBITDA of £4.3m and year end cash of £11m.(2017)

As I have said before, the cash pile is getting silly but management is working hard on engineering and MS.
My best guess is to buy a precision/ specialist engineer for £3m/£5m but no great rush and certainly other things to be getting on with.

I wonder if a small company like this getting MoD contracts worth £50m might finally get them noticed ?

[bullster] 14/1/2017 13:50

The five year graph below shows that the initial recovery in the share price is much quicker than it's decline.

So ask yourself, how high and how fast ?

The turnaround is young.

[bullster] 14/1/2017 13:27

I thought i would put together a graph comparing volume, and share price reaction to it, so what have i observed in this two year period.





#1) The turnaround of TPG's share price began with the 25 January 2016 RNS (Trading update and Notice of Results) when the term "breakeven" was mentioned:-

The Board is pleased to report that the Group continued to make good progress in the final quarter of 2015. Results are expected to show that Group has achieved a key target for the year by being adjusted EBITDA breakeven, and the Group closed the year with a cash balance of £7.0m, which is ahead of expectations.

#2) On occasions when daily volume hit seven million, the share price jumped twenty five percent.

#3) Although the jumps in share price have been sold into, the momentum has carried on in it's upwards trajectory.

#4) The latest jump in share price has seen many sells but market makers have limited their usual effect, i am putting this down to the impending contract announcements and that TPG is now rubbing shoulders with big hitting companies that circulate the preferred list of MOD/government contracts. It must be noted, once companies get into this clique, business between themselves also begins to flourish, which opens up new horizons for TPG's other units.

[timojelly] 13/1/2017 14:21

Hello, hello, what's this then... News coming?

[nw99] 13/1/2017 14:14

Serious buys ticking thro

[croasdalelfc] 13/1/2017 13:39

Intra day small reversal