Science Share Discussion Threads

[johndoe23] 10/3/2023 13:22

Couple of big sells printed

[petersinthemarket] 04/3/2023 13:49

NT/RB mentioned SAG on Thursday 2nd - always has an effect

[johndoe23] 03/3/2023 08:30

I wouldn't pay much attention to who's sold down a bit, wonder who the buyer is?Nice summary of the business though ?

[johndoe23] 02/3/2023 12:03

Hope so interesting how the MM dropped the bid to 400p on no sells last afternoon

[dicktrade] 01/3/2023 15:42

could buy max 7000 @ 418 , no more .
Two more large trades reported , some one definitely building.
Probably see an RNS in due course.

[johndoe23] 01/3/2023 14:26

Can't buy anything not even 1k worth

[johndoe23] 28/2/2023 15:41

Couldn't get a quote for ages and missed the tick up.

[dicktrade] 28/2/2023 15:32

looks to me like someone is building a position here.

[johndoe23] 28/2/2023 13:35

About time!

[johndoe23] 28/2/2023 08:57

Can sell at 393p bid should be moving up

[illiswilgig] 27/2/2023 17:53

My understanding is that SAG offered 2.25p for the outstanding 72% of TPG shares they didn't already hold.

With 779.2m shares in issue will have cost them around £12.6m - in addition to the £12.5m or so spent earlier buying up the 28%?

Seems £25m is the full cost of acquisition (plus fees etc but minus payments from TPG to SAG for the standby loan facilities)?

I've been buying a few more when I can find some spare cash, will continue to do so whilst the share price remains at these low levels,

cheers

[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