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
  +0.01p +33.33% 0.04p 0.02p 0.06p 0.04p 0.03p 0.03p 1,254,994 15:25:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 13.9 -0.6 -0.0 - 0.58

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Date Time Title Posts
24/5/201715:36Turbo Power Systems - A Fresh Start2,317
04/1/201309:15TURBO POWER SYSTEMS INC-
08/11/200919:54Trading papers3

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Turbo Power Systems (TPS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:25:170.02703,994154.88O
14:25:140.05400,000200.00O
09:49:250.05150,00074.85O
07:00:370.021,0000.18O
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Turbo Power Systems (TPS) Top Chat Posts

DateSubject
24/5/2017
09:20
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 0.03p.
Turbo Power Systems Inc has a 4 week average price of 0.02p and a 12 week average price of 0.02p.
The 1 year high share price is 0.25p while the 1 year low share price is currently 0.02p.
There are currently 1,437,754,811 shares in issue and the average daily traded volume is 1,177,444 shares. The market capitalisation of Turbo Power Systems Inc is £575,101.92.
10/5/2017
00:01
noirua: Hopefully we will get a reaction at some time similar to TAIHua - now has no market quote. Went from, bid-offer, 0.1p-0.9p up to 1.5p-2p. TPS is a gamble now as many evacuate at 0.01p or 0.015p. Ask yourself a question. When the share price was over 0.3p the company had several offers at a substantial discount to the trading price. Was it 25%, 33% or 50% - some think 96.6% when they sell at 0.01p and 95% at 0.015p - what is a fair price based on that?
08/5/2017
15:29
noirua: Added just a few today at 0.029p. Agree with barnetpeter that those selling at 0.01p-0.015p are having their holding taken from them for very little indeed. The company are only cancelling the market quote as small trades move the price all over the place and mainly downwards. The market in TPS is ridiculous. Try buying £5k of stock and see what happens to the share price - could be mildly amusing.
20/4/2017
15:58
noirua: The spread is so wide it has become ridiculous. Pointless selling for any reason at all really. I added more at 0.0349p on the reasoning that a 1 for 5000 consolidation would see that rise to 17.45p and trust the company to survive and return to the market when the new management get the show running properly. Just a matter of sitting patiently. The share price stood at 0.3p when bids received well under this price were refused by the 89.45% shareholder. The spread is at 0.02p - 0.06p and looks at a wildly insane discount. As the company says, the price moves on very small trades indeed.
19/4/2017
11:00
noirua: The Annual General and Special Meeting will be held at 1.00 p.m. (London, GMT + 1) on Thursday 25 May 2017 at the Company's registered office at 1 Queens Park, Queensway North, Team Valley Trading Estate, Gateshead, NE11 0QD. Copies of these documents will shortly be available to view on the Company's website ( hTTp://turbopowersystems.com ). Subject to the Cancellation Resolution being passed at the Annual General and Special Meeting, the expected last day of dealings in Common Shares on AIM will be Friday 2 June 2017 and the Cancellation will become effective at 7.00 a.m. on Monday 5 June 2017. Pursuant to Rule 41 of the AIM Rules, the Company, through its nominated adviser, finnCap, has notified the London Stock Exchange of the proposed Cancellation. The Company has received a letter of intent from the Company's Major Shareholder to vote in favour of the Cancellation Resolution and Consolidation Resolution in respect of 2,982,444,445 Common Shares representing 89.4 per cent. of the issued share capital of the Company. As a result the Directors believe it will be highly likely that the Cancellation Resolution and Consolidation Resolution will be passed at the Annual General and Special Meeting. TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that it will today post its Annual Report and Accounts for the financial year ended 31 December 2016, together with notice of the Company's Annual General and Special Meeting and a Management Proxy and Information Circular, to shareholders. The Information Circular sets out, inter alia, information regarding the intention to seek Shareholder approval for the cancellation of admission of its Ordinary Shares to trading on AIM and for the proposed share consolidation of 5,000 Common Shares into one New Common Share. https://uk.advfn.com/stock-market/london/turbo-power-systems-TPS/share-news/Turbo-Power-Systems-Inc-Proposed-Cancellation-of-A/74364673
17/4/2017
16:00
noirua: The Company intends to seek shareholders' approval of the Cancellation at its annual general meeting ("AGM"), expected to be held on 25 May 2017. Notice of the AGM will be posted to shareholders in the coming weeks which will set out (amongst other matters) further details of the Cancellation, the process to be followed and the effect on shareholders of the Cancellation. TWC3N, who following the Transaction hold 89.4% of the Company's issued share capital, is supportive of the Cancellation and therefore it is highly likely that the Cancellation will become effective shortly after the AGM. -- the considerable cost, management time and the legal and regulatory burden associated with maintaining the Company's admission to trading on AIM which, in the Board's opinion, are disproportionate to the benefits to the Company; TAO UK holds 2,982,444,445 Common Shares, representing 89.4% of the issued share capital of the Company and has an outstanding loan of GBP0.33 million to the Company (including accrued interest) which accrues interest at 6% per annum, payable annually and is repayable to TAO UK on 1 April 2018. TAO UK is the immediate controlling entity of the Company. https://uk.advfn.com/stock-market/london/turbo-power-systems-TPS/share-news/Turbo-Power-Systems-Inc-Change-of-Control-Intent/74225167
04/4/2017
16:15
noirua: Share price appears to be recovering sharply at the same time as PROXama. Both punts in different ways but targets equally higher.
04/4/2017
16:07
noirua: The offers for TPS were well below the trading price of the shares. However, we have to guess what the share price was at the time though. The last final results were delivered on the 15th March with the share price at 0.2p. It is likely the share price was around 0.3p at the time of the bids. Therefore it seems that all the bids were around 0.2p or so.
03/4/2017
23:22
tradermick1: Who cares if revenues are 13 million or 13 billion the business does not make money and never has. It's that good a business that nobody has offered anything for it. Keep up the spin BP because with this one you are writing rubbish. "Strategic Review of the Company's business, remains ongoing. The Board notes, as previously reported, that all expressions of interest received to date 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 prevailing share price. Further announcements will be made in due course, as appropriate"
03/4/2017
15:29
noirua: Strategic Review: Strategic Review of the Company's business, remains ongoing. The Board notes, as previously reported, that all expressions of interest received to date from potential offerers 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 prevailing share price. Further announcements will be made in due course, as appropriate.
18/3/2016
10:21
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
Turbo Power Systems share price data is direct from the London Stock Exchange
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