Share Name Share Symbol Market Type Share ISIN Share Description
Turbo Power Systems Inc LSE:TPS London Ordinary Share CA8999101030 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.175p 0.10p 0.25p 0.175p 0.175p 0.175p 600.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 13.9 -0.6 -0.0 - 2.52

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Date Time Title Posts
30/11/201622:19Turbo Power Systems - A Fresh Start2,251.00
08/11/200919:54Trading papers3.00

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Trade Time Trade Price Trade Size Trade Value Trade Type
2017-03-28 09:55:510.106000.60O
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Turbo Power Systems Daily Update: Turbo Power Systems Inc is listed in the General Financial sector of the London Stock Exchange with ticker TPS. The last closing price for Turbo Power Systems was 0.18p.
Turbo Power Systems Inc has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 1,437,754,811 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Turbo Power Systems Inc is £2,516,070.92.
colin12345678: Turbo Power Systems Inc. (AIM: TPS.L), a leading UK based designer and manufacturer of innovative power solutions, is pleased to announce a Pre-Close Trading Update for the 12 months to 31 December 2015. The Company expects to report full year revenue of approximately GBP13.5 million (2014: GBP15.2 million), with the Company expecting to report a substantial year on year improvement in full year Earnings Before Interest and Tax ("EBIT"), with EBIT of approximately break-even compared to 2014: loss GBP1.7 million. The substantial improvement in EBIT reflects the Company's focus on production efficiencies. TPS's investment in product development continues in order to drive future growth. Included within these expected results is a one off provision expense booked in the final quarter's results of approximately GBP0.5 million for warranty repair to a fault within motor units delivered to a customer during 2013 to 2015, affecting one single customer specific product. It is expected that the cash impact will be mainly in the first half of 2016. Cash at 31 December 2015 was GBP0.5 million (31 December 2014: Net Debt GBP9.9 million). On 12 November 2015 the Company announced that as part of seeking to facilitate the Strategic Review, Tao Sustainable Power Solutions (UK) Ltd ("TAO UK"), which owns 89.4% of the issued share capital of the Company, has waived the entire outstanding loan of GBP10.5 million and all unpaid accrued interest of GBP1.9 million. TAO UK agreed this waiver for the potential benefit of all TPS shareholders. Additionally, the Company is pleased to announce that it has won a GBP1m contract from Porterbrook, one of three major UK rolling stock leasing companies. The scope of work, expected to be delivered in 2016 and 2017, includes the manufacture of battery chargers for Porterbrook's Class 170 Turbostar Diesel Multiple Units ("Turbostar"). Currently there are more than 500 existing Turbostars operating in various fleets across the UK including; Abellio Greater Anglia, Abellio ScotRail, CrossCountry, First TransPennine Express and London Midland. The Turbostars use batteries to support both the low voltage standby and emergency circuits. To obtain the longest life and minimum maintenance periods for these batteries, the charging voltage needs to be controlled within close limits. The TPS battery chargers for Porterbrook's Turbostars will provide a stable power supply, throughout the trains' lifetime, and feed all of the car's low voltage loads as well as charging the back-up batteries. The Strategic review is ongoing; as noted on 12 November 2015 the Board notes that all expressions of interest received to date (up to 7 January 2016) as part of the Strategic Review from potential offerors for 100% of the issued and to be issued share capital of the Company on a debt-free, cash-free basis have been indicatively priced at a substantial discount to the share price. The Board continues to regularly discuss with its majority owner how best to proceed with the Strategic Review. Further announcements will be made in due course, as appropriate. In the meantime there can be no certainty that any potential transaction will proceed, or as to the terms of any such transaction. The Company may discontinue the Strategic Review process at any time. The Company is a Canadian Business Corporation, carrying on the business under the Business Corporation Act of Yukon, Canada and is not subject to the provisions of the UK City Code on Takeovers and Mergers. The Company expects to report its results in March 2016
kammi1: For some reason the market does not like this stock. Even with the company in profit its not being reflected in the share price.
purchmeisner: I can't decide what they meant by "in view of the recent share price movement" ...I think they would have been prompted to release an RNS to explain the share price movement. So do they mean "regarding the recent share price movement we are conducting a strategic review and potentially selling the company (hence the rise)" OR do they mean "because of the recent share price movement we are conducting etc" ?What do others think?
purchmeisner: I agree, there's clearly something positive happening here and the share price has held up well considering Friday's rise
cliveas: Why are you completely ignoring the UK power networks contract of significant value which turned around the companies cost cutting strategy? Buys turning this around and lets see where it settles. The companies actual wording is below you are quoting a journalist. In view of the recent share price movement, TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that the Board are conducting a strategic review of the Company's business and as part of this review are looking at a potential sale of the Company. We will have to agree to disagree. It may well retrace it may not.Not long to full year results but they sourced working capital in december to meet increased customer demand?
kammi1: Not an expert but it shows we are at a start of an upswing. So I would expect some improvement in share price. It has been very disappointing not to here about any contract news from Tps. Holding to see a better future. It has been painful few months.
bckttsim: Another big fall !Tao must be really pleased...See their share value drop from 16.4 mil in Nov to 10.7 mil now.On top of that they have had to cough up almost another 1 mil To keep them going . TPS now ow's them 9.5 mil !And this is happening because we get no news flow from the company. See this happening all the time.Come on TPS keep us informed you never know the share price may improve and it may keep Tao off your backs.
someuwin: EK today... "I caught up with Professor Colin Besant of Turbo Power Systems (TPS) yesterday. There was a time - sixteen years ago - when this company was called Turbo Genset and I had contacted Professor Besant in Imperial College across the road from my then home in Knightsbridge. He enthused over this company's possibilities and, for the first and only time in my life, I alighted upon a hundred bagger. I am sorry to say that the member of my family who had doubled his £5,000 got cold feet and elected to withdraw. Fortunately, a pal stood his ground and made a useful six figure sum. Then the price turned over and I made serious dough shorting the stock from about £25 downwards. All in all, it has been quite a roller coaster. Anyway, many disappointments and fund raisings since leave the price at 0.7p with a capitalisation of £10m (c. 1.4bn shares now in issue). A Brazilian concern owns 89% of the equity. Turbo Power depends upons the goodwill of the Brazilian concern if it is to survive. Certainly, the balance sheet is appalling with liabilities exceeding assets by £7m. One hiccup and it is sayonara. However and intriguingly, there is no escaping the fact that were finances sufficient to handle the potential order book the share price would turn up sharply. Professor Besant, who is still a director, has an engaging enthusiasm: he clearly remains a supporter. You decide."
27macca: Why would someone buy 4.5m shares costing £33,000 here, I think it is the largest ever single trade in TPS........then without no news,2 hours later when the share price is actually rising.......decide to sell at a £6000 loss??What you are suggesting is FACTS are ludicrous IMO, and any sane,normal thinking person would say the same, but I think we know we a not dealing with sanity here, we are dealing with a very bitter and twisted individual who has a major vendetta against certain posters on this site, and clearly by tonight's posts will go to any lengths, even calling those posters potentially libellous things.It worries me there are people like this out there, no wonder this country is not a safe place to live.
topinfo: Subscription for new A-Shares in subsidiary Print Alert TIDMTPS RNS Number : 5362E Turbo Power Systems Inc 31 May 2012 Subscription for new A-Shares in subsidiary Turbo Power Systems Inc ("TPS", the "Company" or the "Group"), a leading UK based designer and manufacturer of innovative power solutions, is pleased to announce that two existing holders of A-Shares in the Company's subsidiary, Turbo Power Systems Limited ("TPSL") ("A-Shares" and "A-Shareholders"), have conditionally agreed to subscribe for an aggregate of 444,444,444 new A-Shares in TPSL at a price of 0.45 pence per A-Share to raise GBP2 million of new financing for the Group (the "Subscription"). As set out in recent announcements, the directors of the Company (the "Directors") have extensively explored options for addressing the Company's financial constraints and to secure further working capital to support the Company's growth prospects. The Directors believe that the Subscription, split equally between two existing A-Shareholders, Argun Investments Limited and Island Investments (Securities) Limited, being at a premium of over 80% to the Company's closing share price on 30 May 2012, is the most appropriate means of securing further financing at this time. James Pessoa, Chairman, said: "We are delighted and encouraged that existing A-Shareholders are signalling their continuing support for TPS. The capital raised by this subscription will be used to support the growth of the business, which we continue to believe has strong prospects". The Directors consider, having consulted with finnCap Ltd, the Company's nominated adviser, that the terms of the Subscription being entered into are fair and reasonable insofar as the Company's shareholders are concerned. Details of A-Shares The A-Shares are a class of non-voting share capital in TPSL and are exchangeable, upon no less than 61 days' written notice to the Company from A-Shareholders, into common shares in the Company. The A-Shares will not be listed on any stock exchange. In the event of winding up of TPSL, holders of A-Shares have a preferential right to receive an aggregate of GBP500,000 to be divided among the holders of the A-Shares on a pro rata basis, and shall not be entitled to any further distribution of the assets of TPSL. A summary of further rights associated with the A-Shares are set out in Schedule C of the Company's circular to Shareholders dated 20 October 2006 and available at the Company's website at Following the Subscription, there will be 892,777,778 A-Shares in issue. Should all A-Shareholders give notice to exchange their A-Shares into common shares of the Company, 892,777,778 new common shares of the Company would be issued, representing 21.1% of the enlarged issued share capital of the Company. Enquiries: Turbo Power Systems Inc Tel: +44 (0)20 8564 4460 Peter Brown, Chief Executive Officer
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