Tekmar Share Discussion Threads

[skid35] 04/7/2024 22:29

Debt to capital ratio is based on the companies balance sheet not the market cap.Loans are from dsit, nothing to do with HMRC.

[indiestu] 04/7/2024 07:14

More good news. The debt to capital ratio is scary here at the current share price. 50%. Barclays feels comfortable enough to renew the facility and a little help from HMRC is welcome this portion being at a low interest rate. It won't take much of rise in share price and this ratio will be feeling a little more comfortable. I like it.

[indiestu] 04/7/2024 06:28

P/S ratio here of just 0.35. 30p should be in easy reach. The new CEO buying shares could be the catalyst for the next move. Big money to be made here if they keep to the plan on margin improvement. Only if you have steel balls. Enjoy.

[igoe104] 03/7/2024 07:15

Lovely contract.


Tekmar Group (AIM: TGP), a leading provider of products and solutions for the global offshore energy market, announces a significant contract award with a value in excess of €4 million.

 

The contract is for the design and supply of Tekmar Group's flagship Generation 10 cable protection system (CPS) product and associated ancillaries. The CPS units will be installed throughout a European wind farm project, which is part of a larger regional development. The CPS units will be manufactured at the Group's Newton Aycliffe, United Kingdom facility. Tekmar Group will utilise its in-house subsea analysis capabilities and experience to support the project. The project will commence immediately and be delivered in December 2025.

 

Alasdair MacDonald, CEO of Tekmar Group, said "This contract, where we are partnering with a new customer, is testament to our strong in-house engineering capabilities, which enable us to address customers' complex engineering requirements and optimise and de-risk projects. The award helps consolidate our strong position in the European offshore wind market and reflects the strength of our working relationships with project developers and key supply chain partners. We look forward to supporting our partners in successfully

[indiestu] 27/6/2024 09:53

Interestingly the 200 day ma is actually rising. I would not like to put too much emphasis on reading the charts for this share but the indicator clearly demonstrates that the price is higher than it was 200 days ago and demonstrates more buyers than sellers over this period. One can only hope.

[indiestu] 27/6/2024 07:11

Some interesting happenings here. Schroeder's sell another million shares. Seems odd considering they held all the way through the decline and near bankruptcy. Odd to sell only 100k worth of stock just as there are signs of a turnaround. Maybe someone is in the market for shares and Schroeder's got a call or maybe they just got fed up. The new CEO must of seen a future here to take the role. I wonder if the change was forced by the shareholders. It's all very strange. Maybe the market makers now have a bunch of stock to fuel a rally if results are positive. Hope so. I like talking to myself. ;-)

[indiestu] 20/6/2024 11:09

Mail from TGP Investor Relations following my question regarding the grant of conditional options. "The only condition for exercise is that the option holder remains an employee and that there are no breaches of the employment contract. These options are intended to incentivise senior members of the team but are also a little backwards looking to reward the team for their hard work. The exercise price is £0.01, which is in line with this being an incentive/reward arrangement".Let's hope they are rewarded for keeping the company listed throughout the aftermath of the pandemic.

[indiestu] 13/6/2024 07:18

Interesting. No exercise price to meet against the vesting dates. I'm not sure what to think of no performance targets. They just need to be employed on the vesting dates. I'll take the positive out of it. They are confident they will be around in 2026. Good. The CEO has the opportunity to make himself a multi millionaire in a couple of years if he can complete the turn around. The management team must have had a hand in negotiating the options. They have skin in the game. I like it I think. It may be time to increase exposure.

[igoe104] 26/5/2024 08:57

This share is one of those to buy now, and stick away for 10 years, investors with alot of patience could do very nicely...

[cerrito] 25/5/2024 20:56

Too bad that no research available on Research Tree even though one of its joint brokers-Singers-normally puts their stuff there.

[cerrito] 23/5/2024 18:52

A good IMC today and for those who could not watch it live you may want to take in the recording.
I rather regret that I did not push them more on their m&a aspirations and if they have the depth in management. They have only just got a grip on the offshore business.
They commented more than once that Pipeshield had been a good purchase and I should have asked questions on this.
Good stuff on greater discipline in bidding for contracts and cost control and will be very selective in China.
In terms of H2 this FY, they were very clear that they did not want us to double H1,where there were some special one off factors but recognised that they were being cautious.
Mentioned en passant that discussions on the renewal of bank facilities going yo plan and I am assuming they will be renewed.

[igoe104] 23/5/2024 16:02

Todays presentation.

[indiestu] 15/5/2024 11:47

Good luck. I bought a few more. I was hoping for some signs of life. Looking at the book I would speculate there is a large order being worked at 9.5. Let's see what the day and remainder of the week brings.

[skid35] 15/5/2024 09:59

Watching this from the sidelines for sometime, first small purchase at the bell. A lot to like here, especially control on bidding margins and not chasing business at all costs. Interesting seeing the financial separation of existing business operations, from the potential impact of m&a/ dilution from clns. The sale of sil did send to indicate they want to avoid the prepriced clns.

[indiestu] 15/5/2024 09:05

If they could halve that loss for the final six months and pay down some debt from the 1.9 million due it would set the scene nicely for the following 12 month period. The gross margin increase seems positive but there is insufficient information to understand what has impacted net margins. I'm guessing mostly down to the interest payments on the debt which is scary for a small company and likely why the market seems uninterested. The bigger disappointment is a decline in orders over the previous comparative half and a slightly subdued outlook. I look forward to a "we are pleased to announce" in the opening sentence of a future statement. Under promise and over deliver seems to be the mantra here which I'm ok with.

[igoe104] 15/5/2024 07:32

Improvement on results and margins, finally starting to see seeds of a business...

[cerrito] 06/5/2024 19:28

Good point, Indiestu
The direct counterparty had turnover in 2021 and 2022 of £14m and profit of £2mplus in both years.
Balance sheet dominated by amounts owing to group companies.
Trying to muster time and energy to do homework to see if I should buy more.

[indiestu] 03/5/2024 08:04

Basically sold for the price of the assets and a year's rent. I suppose it makes sense to offload and focus on the core business. What is not clear to me is whether the big chunk of cash payable in the second instalment is dependent on the debtors ability to pay.

[cerrito] 03/5/2024 07:40

On the face of it,a sensible move though would have been nice to get more cash up front.
Had forgotten if I ever knew that they have freehold property of £3m and no surprise that the bank has a charge on this.

[igoe104] 19/4/2024 12:33

TGP talked about in this interview, about 10 minutes in.

[igoe104] 10/4/2024 14:58

Amercian windfarm approval, hopefully might trigger large contract for TGP.

[indiestu] 08/4/2024 11:06

I make it 10% order intake increase for the full year should the next six months be par for the course and at improved margins. So assuming the margin increase is sound and we do not have any figures to support that the direction towards cash flow positive seems on track.

[cerrito] 08/4/2024 09:37

Trying to assess what I should feel about the following we were told this morning.
quote
These contract awards support order intake of approximately £23 million in the financial year to date.
unquote.
Given that sales in the year to September 2023 were £39m and given positive noises in the Final Result Statement, I feel £23m of orders in six months is par for the course.

[igoe104] 08/4/2024 07:21

Great to see 6 million of contract awards. Decent amount for a mirco cap company..especially when the company only has a 12 million market cap..

[indiestu] 04/3/2024 12:33

Using the Times Revenue method at 1 X you could value this company at a 40 million market cap so 65 pence per share. Even taking half way between floor at zero and 1 X so 0.5 X you get 30 pence per share. So a three bagger all day long.