Tekmar Share Discussion Threads

[jonwig] 03/12/2019 07:25

HY results:



At HY, they had Revenue £17.1m, PBT £0.8m and eps (adj) 2.2p.
They expect to beat expectations on revenue and meet on profits (H2-weighted).
These are currently:

Revenue £40.9m, PBT £5.5m, eps 9.6p.

I see they've reversed an operating cash outflow and have gone to some lengths in explaining the size of the receivables balance, concerns which I raised at the AGM.

A forward PER for the year of 16x isn't exactly cheap. Is the market ready to give it a premium rating? My personal favourite would be a bid at 200p.

[imperial3] 27/11/2019 12:11

Recently the highest volume of trades were classed as undesignated,that is we do not know whether they are buys or sells.

[saucepan] 27/11/2019 09:46

The referenced RNS 5567J was issued on 20 August 2019.

However, hopefully there will be a further catalyst when interims are published on Monday.

There seems to have been quite a bit of buying this week. I am surprised there has not been a tick up. Perhaps one due soon?

[jonwig] 27/11/2019 09:04

New, sizeable contract:



Article said there was an RNS about this. was there?

[saucepan] 18/11/2019 22:09

Yes looking good. 171p in early October was the highest price reached after IPO. Hopefully, it should not be too long before that level is tested/taken out and we are headed to blue sky.

Interims due 3 December may be the next catalyst?

[imperial3] 18/11/2019 10:03

Tick up being maintained so far.

[saucepan] 15/11/2019 11:39

Bought a few here last week in anticipation of a chart breakout through 150p, which I think would be very constructive from a classic new issues base.

Wondering if today's first tick up could be the start of the move?

[imperial3] 15/11/2019 10:51

A wide spread at the moment 160-140p.

[imperial3] 08/11/2019 14:28

That large volume yesterday was in the category unknown to be either sell or buy.

[thomshrike] 08/11/2019 09:03

Once again large volume traded yesterday. Could the uptick in the share price mean that the large selling volume is gone?
Positive comments from Boskalis on offshare wind this morning.

[thomshrike] 06/11/2019 08:44

I see BGF adding to the position as a positive. I heard comments that they did an extensive due diligence on the company before they started buying some months ago.

[jonwig] 06/11/2019 08:40

Roughly, this month Miton have sold 0.9m, FIL have sold between 1.5m and 4.1m, BGF have bought 1.3m.
Last month BlackRock sold between 2.6m and 5.1m.

Despite this, the share price has risen since the start of October!

[imperial3] 05/11/2019 17:57

It looks to me that BGF has increased its stake according to the latest RNS.

[imperial3] 05/11/2019 16:08

Well,the share price remains unaffected so far.

[thomshrike] 05/11/2019 11:37

I am a bit surprised. I heard that their recent participation in events at Berenberg and another broker were quite well received, and there is no indication that they will not meet guidance when they report in early December. Additionally, the stock barely reacted to their very positive recent acquisition.
My hunch is that this is a mixture of (i) profit taking; (ii) some concerns about project delays and pricing pressure across the industry (even though the company has already stressed out that this is not impacting them).

[jonwig] 04/11/2019 20:17

Miton reduced a bit and Fidelity (FIL) below 5%.
That's quite a lot sold down recently, but shares must have been easily absorbed.

[thomshrike] 01/11/2019 12:03

Large volume today.

[rambutan2] 29/10/2019 19:42

Re Orsted:

[thomshrike] 25/10/2019 11:34

Because no buyer has come forward with a filing, I am assuming that Blackrock is now below 5% but not nearly out and that the buying was fragmented.
Also because some weeks ago Tekmar participated for the first time on the Berenberg Opportunities conference, I hope we will at some point see some new names on the register.

[imperial3] 25/10/2019 10:32

It would be interesting to see who has taken up the shares from the sale by Blackrock.

[thomshrike] 25/10/2019 10:15

Fwiw the company will always tell you that they have plenty of physical capacity available for the next years. They always say that the only possible bottleneck is engineering skills - they always have to ensure they can find and retain the right people.

I see Berenberg holding 3.82%. But that's Berenberg managed funds. I have no idea how thick those walls are, but tbh this is a fairly normal situation (and if anything I like to see them putting money where their mouth is).

[jonwig] 25/10/2019 09:54

Yes, takeover is my main expectation. They are too small for the potential capacity needed, and management have now a fairly small stake. Institutions would hopefully demand a good price. (We're only a bit above IPO right now.)

I see Berenberg are also a major holder ... are Chinese Walls still robust these days?

[thomshrike] 25/10/2019 09:40

Thank you jonwig.
2 snippets from me: (i) Berenberg recently included Tekmar on a list of UK companies that could conceptually become takeover targets as the Brexit situation is clarified; (ii) apparently there continues to be a buyer out there looking for sizable blocks.

[jonwig] 25/10/2019 09:12

FT:

Offshore wind power has the capacity to meet all of the world’s electricity demand, and is set to be a “game-changer” for energy systems, according to the International Energy Agency.
...
“It has the potential to be a major game-changer,” said Fatih Birol, executive director of the IEA. He compared it to the two significant power trends of the past decade: the advent of fracking in shale formations — which enabled cheap natural gas, and the explosive growth in solar.

“Looking at the future of offshore wind . . . it has the potential to join the ranks of shale [gas] and solar photovoltaics in terms of steep cost reductions,” said Mr Birol.
More:

Also some recent articles on floating offshore rigs, which are expected to be the way forward, eg.



I guess cabling will still need to run across the sea bed, so protection issues won't change.