Tekmar Share Discussion Threads

[imperial3] 29/7/2020 16:38

Final results August 03.

[jonwig] 29/7/2020 16:12

I don't know where it was tipped (why so coy, Stonesfan?) but there's a new Japan contract:

[pugugly] 29/7/2020 14:52

Interesting L&G selling down - now I wonder who tipped to get the PI's in to take up the stock as canot see an II rns to take up the L&G sale.

[imperial3] 29/7/2020 14:04

Where and what was said?

[stonesfan] 29/7/2020 13:44

Tipped today

[spooky] 29/7/2020 13:37

Is there any reason for the sudden burst of buying?

[jonwig] 17/7/2020 14:35

Tekmar Group, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, announces that it will issue its Final Results for the year ended 31 March 2020 on Monday, 3 August 2020.

[3rd eye] 27/5/2020 13:39

Gone in and bought Tekmar Group TGP. Got it for 112p Like I said yesterday the volex of the Wind Farm Subsea sector.

Tekmar Group (TGP) fundamentals

Tekmar Group plc is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services. It operates two primary divisions: the Offshore Wind Farm division, which focuses on the provision of subsea protection for power transmission cables from and between offshore wind turbines, and the Subsea division which focuses primarily on the provision of subsea protection for umbilicals and flexible pipes to the oil and gas market. Both divisions are supported by AgileTek which provides subsea analysis, simulation and engineering consultancy services.

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Missed its latest trading update but is seems bullish now compared to the one they put out in December.

Financials

Revenue in the Period is expected to be in line with expectations, showing above 40% growth on the prior financial year. This significant increase in sales has been achieved, despite the lockdown and social distancing measures associated with COVID-19 impacting the Group's activity in the heavily Q4 weighted period.

The Board is also pleased to announce that the Group ended the Period with a record year end Order Book1 of no less than £10 million, up 39% on the prior year end (FY19: £7.2m).



Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
15 May 20 Berenberg Buy 110.00 110.00 130.00 130.00

Chart shows its on a solid support line going back to beginning of April.

[outsizeclothes.com] 07/5/2020 16:30

One of the major dangers is that, now the Saudis and Russians have shown that they are prepared to 'try to beat the shalers' by price cuts, it will give non-alternative energy a boost, and delay wind projects globally.
The Chinese and Indians are still building COAL stations. With the semi-permanent threat of cheap oil [ which then can be purchased by the user future fixed cheap for months ]and OPEC+ trying to get every barrel out of the ground and sold before alternatives leave them stranded, wind adoption could easily progress slower than some envisage.

[thomshrike] 05/5/2020 07:29

I agree that the trading update is probably a lot more uneventful than many feared and should be supportive of the share price.
Being a trading update, there is no mention of margins, but the level of net cash is a hint that there should have been no significant hit beyond what was reported previously.
The weakness in the energy market will remain a concern, as well as possible project delays related to covid19 disruption - but a new FY just started, therefore there is some time to catch up.

[jonwig] 05/5/2020 07:12

Another trading update for the year end (31/03) and beyond:



All things considered, it could hardly be better!

[jonwig] 01/5/2020 07:36

BlackRock has been buying, up from 10.29% to 11.08% (5,684,834 shs).

[jonwig] 29/4/2020 08:53

Orsted Q1 results show strong profits growth.

Also: "Our construction projects all remain on track. However, across our projects, we see an increased risk of component and service delays from suppliers... "

Tekmar, as a supplier, is itself experiencing delays from its suppliers, etc.

[toinifinity] 15/4/2020 17:35

Nice one Jonwig - that's cheered me right up - am invested in the good guys...for a change!

[jonwig] 14/4/2020 20:31

A Good News item:

[hpcg] 16/3/2020 12:55

Best thing for shareholders in this environment is no trades!

[imperial3] 13/3/2020 09:38

Terrible spread at the moment.

[thomshrike] 13/3/2020 08:37

Thanks. Prysmian is on my list of potential buyers of Tekmar, but I would rank the following even higher: Subsea 7, TechnipFMC, Boskalis.

[jonwig] 13/3/2020 06:35

Interesting thanks. A pretty big company and an office in Leeds. I'm sure they are working together a lot.

A takeover is what I'm hoping for. Not at a silly price though.

[rambutan2] 12/3/2020 20:53

Reading the previous post prompted to me to take a look Prysmian, they look a natural buyer of TGP one day, perhaps?

[jonwig] 12/3/2020 16:17

Meanwhile in the real world, business goes on:



And a reassuring share price performance since the initial warning on 18/02.

[thomshrike] 26/2/2020 08:41

Hi jonwig, I would say: not necessarily.
Possible additional delays of projects? As with other epidemics, typically the situation normalizes within months. There is plenty of time for the supply chain to adjust during their FY21.
Added costs from components? What the company will do is to execute purchases of components according to their needs related to starting projects, beyond their existing inventories. Next time they will have to make a decision is by the end of March for one specific project (this is the one whose additional cost was out of caution already included on the FY20 update). Only if the situation does not normalize for many months will the company have to incur additional costs for other projects. This will be already in FY21, so that the company will report on it only much later in the year (December?). By that time the virus situation will likely be sorted out and the market will see through it. Also do not undermine the company's ability to offset those additional costs with increased efficiencies elsewhere.

[jonwig] 26/2/2020 08:15

Since the trading statement on 14 Feb, the market has taken a blacker view of the virus effect.

I'm fairly reassured that materials from China can be substituted by ones from Europe and that suspension of business from China will be made up when more normality returns. But if the situation does prove worse that expected on the 14th, another statement can be expected.

[jonwig] 22/2/2020 07:47

DO NOT CLICK ON THAT.