Just listened to TGP investor meet presentation. It's good to see they are conducting a factory tour at the AGM..
Todays presentation.. |
Its probably right for the business, but it will place a limit on the share price for a long time, assuming a raise and no likelihood of a great bargain buy.
Economies of scale and efficiency savings in contracting ? Not sure about that at all. |
Maybe. Or maybe the sector is primed for consolidation. M&A could be the driver into a wider net of international markets. The new CEO seems to be on his game and hungry. Let's hope they get on with it. |
M&A is the final step for businesses that aren’t viable in their current form. |
Good for them to have a site visit.
It seems accessible by rail but a 930 start means I would have to spend the night in Darlington which makes it impracticable for me.
Too bad not an early afternoon start so one could get there and back in the same day. |
One of my first ports of call was the Going Concern Statement and I was OK with that and the other was the Outlook statement where I was surprised that given their upbeat macro views they were going on the basis of no increase in adjusted ebitda.
I need to go through the long Cavendish note but they have maintained their 20p target price and their forecasts for this current financial year and next are broadly unchanged.
The key in the short term is the view of Schroders. |
Are there some glimmers of a recovery here? The balance sheet appears to be in better shape with net debt down to 0.4mil at the end of January. Margins improving, visibility of orders sound and some exceptionals worked out. Could FY25 be a turning point? |
Interview here. |
Richard Turner came across well today in a 9 minutes interview with Directors'Talk.
I recognise in the short term the share price depends on Schroders and in the mefium term getting the orders . |
Interesting Investor meet presentation. Good to hear that they hope announce more substantial contracts during the year. Not sure im keen on this m@a talk at this stage, id rather them concentrate on growing the business organically as it sounds like they have alot to aim for as they are substantiallly market leader in their field... |
Good that share price goes up with Schroders continuing to sell.
My understanding is that the IMC is on Thursday .I cannot make it and will watch on catch up but if those who can make it can post any salient points that would be great. |
£60k CEO purchase. |
hefty director buy |
Thanks igoe, I'll add to my diary.
Lammy |
Lammy I might be worth listening to the investor meet presentation on Friday at 2 o'clock... |
Thanks igoe for heads up, will have a look.
Lammy |
Lovely 5 million uk contract...
The contract is half the companies cap... |
Let us hope that Schroders do not have the urge to sell down further. |
Investor Presentation on 30th January
hxxps://www.investormeetcompany.com/news-items?utm_source=meeting_invite&utm_medium=email&utm_campaign=new_rns |
The problem is that the market is so thin.
Yesterday was a busy day by TGP standards but only 300k shares ie £15k odd traded.
The last TR-1 was 2 September last year qhwn River Global Investments went from 5% to 6%.
I see we got the finals in March in both 2023 and 2024 so perhaps patience is needed.on Jan 4th last year |
Bloody hell. Just seems to get worse and worse with this company.
Anyone been intouch with the management?
Its just not good enough. Markets well up, but TGP is down over 11% and not a management share purchase in sight... |
What has gone wrong here? The share price is telling us there are serious problems |
CEO podcast interview.. |
Target price for TGP is almost 3x the current mid-price.
f. |
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