Tge Marine Share Discussion Threads

[pelleeds1980] 12/11/2009 12:21

Got my cash today

[pelleeds1980] 10/11/2009 20:11

Andrbea if poss could you confirm if you get the cash through from this, Halifax didnt specify a date on the corp action and just wondered how fast it would move. You mentioned circa 10th Nov,

Thanks

[pelleeds1980] 31/10/2009 17:41

Followed suit no point digging the heels in esp when the board cant see anything better coming, thanks for confirming dates

[andrbea] 30/10/2009 07:54

I accepted the offer
broker says cash should come ca 10 Nov

nia dyor

[pelleeds1980] 26/10/2009 12:48

I guess tender or have a holding thats worthless. Nice!

[andrbea] 26/10/2009 10:56

rns

looks like we have to take the first offer

nia dyor

[pelleeds1980] 23/10/2009 10:44

No RNS yet!

[pelleeds1980] 22/10/2009 11:47

The contract has an option for repeat business till March so I hope this does as you say change the company, not sure of profit margins on that line of business and havent done EPS calcs etc. Yeah RNS tomorrow now looks the likeliest outcome

[fredhoyle] 22/10/2009 10:35

This is significant and a material change to the outlook for the business.
It must change valuation of the company and makes tender offer look derisory!
Will they do the decent thing and increase the offer and extend the timetable.
Look forward to RNS tomorrow

[pelleeds1980] 22/10/2009 08:58

Yeah hoping that this contract award changes things a little - it all helps esp getting more work in the Far East; at least well have a few days. Quite pleased they came back so soon to be honest

[andrbea] 22/10/2009 08:56

well done pelleeds for giving them a prod

they're cutting it a bit fine...

[pelleeds1980] 22/10/2009 08:52

Uncanny just got this:

Dear Sir,



The Board of the Company intend to issue an RNS Announcement on this by the end of this week. The Announcement will then be available on the Company's website www.tge-marine.com under 'Investors' à 'AIM Rule 26 Information'.



Kind regards

Alexander Bier



Alexander Bier
Company Secretary/Legal Counsel

[pelleeds1980] 22/10/2009 08:49

Re: the contract 7m Euro revenue is a decent slab

[pelleeds1980] 22/10/2009 08:49

Contract award:

-----------

Contract for new 12,000 cbm LPG-carrier




TGE Marine AG is pleased to announce that yesterday it entered into an agreement with a Shipyard belonging to the Sinopacific shipbuilding Group China ("Sinopacific") for the engineering, procurement and construction supervision for a 12,000 cbm LPG-carrier.




TGE's work on the contract is targeted to commence at the end of November 2009 and covers the complete gas handling system including the cargo tank material package. Delivery is expected to be effected by the end of 2011.




The revenue generated under the contract for TGE is in excess of Eur7.0m. The shipowners have agreed an option with Sinopacific for the production of a second ship and accordingly, Sinopacific and TGE have agreed an option for the engineering, procurement and construction supervision of that second ship, which is valid until the middle of March 2010.



Manfred Kuever, CEO of TGE commented:

"We are pleased to sign a further contract with our business partner Sinopacific after a long trough and in times when it is very difficult to secure financing of new shipbuilds. This financing for the acquisition has been provided by a facility granted from a large Chinese financial institution."

---------

I did email them last night about the tender Ill let you know if (big if) I get a reply, just asked if they will RNS re: the offer

[fredhoyle] 21/10/2009 12:16

with only 9 working days until de-listing we need to take action -we are being hi-jacked - first step is clarification from management and advisors Singer Capital Markets- surely there is a regulatory obligation.

[andrbea] 21/10/2009 11:55

get the impression that the Board didn't put up any resistance to the offer

maybe they can't be bothered to tell us there's no other choice

nia dyor

[fredhoyle] 21/10/2009 11:18

how can they recommend it as a fair offer

[pelleeds1980] 21/10/2009 11:17

andrbea exactly same boat whats your inclination if we dont hear by the 29th?

[andrbea] 21/10/2009 10:03

my broker has sent a form to me today to tender my shares, by Oct 29, as the de-list is coming on Nov 3.
tender offer: 3750p a share

So why don't tge confirm that they recommend shareholders take up the offer?

It's getting kinda urgent...

[fredhoyle] 21/10/2009 08:55

last word from management was take no action-
meant for shareholders not management!

[fredhoyle] 19/10/2009 08:46

come on management say something

[pelleeds1980] 19/10/2009 08:42

Interesting the price is up today