Science Share Discussion Threads

[dicktrade] 27/2/2023 15:15

2 x 100,000 buys @ 400p today .

[johndoe23] 27/2/2023 09:26

I'm not sure I would guess not but need to check

[rmrilke79] 24/2/2023 15:11

Thanks, JohnDoe23. Does the 25m cost for TP Group include the 28% they already own?

[johndoe23] 21/2/2023 21:56

Gross funds were 44 million and net cash 30 million. The acquisition is not expected to cost more than 25 million, so by my math that's 5 million net cash. Think they have various hedges in place in case of any pound strength. Though no sign of that at the moment!

[rmrilke79] 21/2/2023 20:55

What is the net cash position at Science Group post TP Group and Westek?
How do holders think about GBP/USD risk, with Sagentia costs in GBP but sales in USD. Operating margin in this segment has gone from 17% in 2019 to 24% in 2022. If GBP strengthens, won't earnings decline meaningfully?

[johndoe23] 21/2/2023 10:41

388p to buy tempting

[illiswilgig] 17/2/2023 09:19

I think you are right. Although (in my opinion) the prospects for the company are improving the shareprice has been going nowhere for some months. In this market investors are perhaps more likely to move on or take money off the table.

Bizarre - but not a problem for me. I just hope it doesn't take off before I can rustle up funds to buy some more in a month or two.

[johndoe23] 17/2/2023 09:08

And the share price ticks down! Looks like someone selling down

[illiswilgig] 17/2/2023 07:57

Yes, taken a while for the brokers to put something in for TPG.

I think SAG management is being cautious and the market has seen all the write-downs and losses at TPG and is not seeing the turnaround that has already been established.

The latest figures forecast a profit increase of 1.8m to 14.5m.for the current year to dec23

But the 2 TPG divisions - services and maritime - being brought onboatd made adj op profit of 1.8m in the last 6month reporting period alone.

It will take time to complete the turnaround at TPG maritime but given grrowth at SAG plus continued growth in TPG services it looks to me like there is still plenty of room for more upgrades later in the year?

Even if for some reason profit growth disappoints in the short term - its looking very cheap based upon historic rating. Short of funds right now but I've been adding a few when I find some cash down the back of the sofa.

cheers

cheers

[johndoe23] 14/2/2023 16:29

I see FY'23 earnings on stocko have been upgraded to 31.8p, putting this on a forward PE of 12. Looks pretty good value to me!

[johndoe23] 09/2/2023 19:02

Ha ha yes maybe! In a bull market I would be adding at this level, it's the uncertainty and fear stopping me! In a few years could look a very decent time to add

[dicktrade] 09/2/2023 15:32

increasing an already large position so that would seem extremely positive
John, maybe they have done a deep dive on SAG :-))

[johndoe23] 09/2/2023 15:04

Ruffer increasing

[johndoe23] 07/2/2023 19:19

SAG is so under the radar it is at the bottom of the sea!

[life of crime] 07/2/2023 17:39

Good to see the slimming down of TPG continues with the sale of another non-core asset, via Westek. They only got £800K but I assume the main objective was to reduce the firm down to the parts that SAG feel have the real potential.

Obviously Westek did not fit that bill and it would have been a distraction, so best to let it go. At least most of the employees should keep their jobs. It was encouraging that the last update indicated SAG believed TPG was going to be net cash generative this year and any monies raised from disposals only helps.

It is good to see SAG back to £4, so onwards and upwards!

[johndoe23] 31/1/2023 12:30

Cannacord reducing

[johndoe23] 31/1/2023 12:21

Increased buying here past couple of days

[johndoe23] 20/1/2023 10:47

In a very tight range, wonder what might move this? Might have to be an "ahead of"

[johndoe23] 21/12/2022 19:30

Agree with pretty much all you say!

[life of crime] 21/12/2022 15:45

It has been a couple of months since I last checked on SAG and I see a lot has happened!

The long expected takeover of TPG has taken place at a good price, much like FST. If they can have the same success this time around as then it will look like a steal. Their method seems to work, i.e. buy a large stake, really get to know the business then move in.

The update was encouraging and it is no surprise the consumer facing parts of the firm, e.g. FST, are impacted by the slowdown but the rest of the business looks strong. It is still one to hold for the longer term and I think they will be the target of a takeover themselves in the future.

Enjoy what's left of the Winter Solstice. It can only get brighter from here, literally and metaphorically!

[secretsqu] 17/12/2022 20:13

You're still right Arthur after 145 days, it's still on that slow burn and still in the wrong direction. But hey ho, lots of shares are.

[johndoe23] 15/12/2022 20:03

Yes, usually when SAG announces positive news it takes the market a week or two before there is any volume or movement. Happy holding

[truffle] 15/12/2022 13:19

The free float is still relatively small as far as I recall. If an investor wants to build a position he has to be patient and/or pay up.

[thebeast1] 15/12/2022 12:50

weird that an ahead of expectation update is not bringing any volume at all to the stock or any significant movement in share price

[truffle] 15/12/2022 11:48

A very encouraging update with a strong cash position.

Allowing for all the problems with TP Group over the past year or so the final comment comes as no surprise and is also good news - earnings enhancing in 2023

''Since the TPG acquisition is funded through existing cash resources (with minimal shareholder dilution), if completed as now expected, the Board anticipates that the acquisition will be earnings enhancing in 2023''