Tekmar Share Discussion Threads

[jonwig] 04/8/2020 06:32

topvest - possibly you're right.

But H2 weighting is inevitable this time, as April-Sept can't help but be disrupted to some extent.
Also founders don't always become effective managers (CEOs), and maybe he aware enough to admit that to himself. We know, from Mas's post what he'll be doing.

I'm not altogether convinced that Alasdair Macdonald has the experience described:

[topvest] 03/8/2020 21:51

This is a nice company, but the founder leaving is a red flag. One to revisit at the interim stage I think as an H2 weighting is often a precursor to a profit warning. Anyway, will keep on the watch list.

[zipstuck] 03/8/2020 15:14

No growth in 20% of the business and the outlook for oil is probably why the CEO is looking for new ventures.

[hiddendepths] 03/8/2020 09:25

BTW I suspect that after 12 years of excitement setting up and ramping up a small family business, James is simply ready to move on to something more challenging than running an established company. He's only 30 and needs something to make the adrenalin flow again!

It might be worth keeping an eye on him in order to get involved early in his new venture when it comes to the market!

[hiddendepths] 03/8/2020 09:06

FWIW I subscribe to Southbank and all its publications. I took out a lifetime subscription when that included Moneyweek and was bitterly disappointed when that ceased being a thing I got for no extra charge every week.

I do like quite a few of their contributors - especially Nick Hubble, and they have a very interesting approach in that they are pretty free-thinking and come in up with a lot of interesting and radical ideas. Their publications are not primarily tip-sheets.

James Allen has certainly had the Midas touch in recent months and I have done pretty well by backing several of his recent tips. It's my own fault I didn't get on the gravy train earlier! That's because he is not very good at traditional analysis of companies, especially their finances, but he certainly has had his finger on the pulse when it comes to new, clean energy stocks and has come up with some neglected gems.

I got the idea of Tekmar from Southbank. I researched it in some depth and reckoned it was worth buying.

I think it is still worth buying as it's a very good company doing the right things to grow well for the next few years. I don't normally look on this board but wasn't quite sure what was going on with the management change and hoped someone had more idea than me! The figures and the current outlook were encouraging though IMO. I thought the shares would be stronger than they are this morning so am considering a top-up.

[thomshrike] 03/8/2020 08:47

Pugugly, yes, he is very young (although to be honest it doesn't show when you meet him). Great find on that new company!

[mwainw1973] 03/8/2020 08:47

Awful leader and out of his depth

[thomshrike] 03/8/2020 08:44

Hi to all,
Numbers were more or less in line with Berenberg estimates, but I haven't gone through the details yet. But, stating the obvious, this is for the FY that ended in March, i.e. very old news. I am a bit disappointed that they were not able to provide more info on the business since then, or any sort of guidance.
I am also surprised with the CEO departure. He has been a driving force behind the business. If I had to guess, the main reason would be a piling-up of operational issues (the cost overruns with the supply chain during the covid-19 crisis, the mishandling of that Subsea projects, maybe others that we don't know of). There could be an overhang (albeit small) related to his shareholding.
There will be a call with the company organized by Berenberg on the 5th.

[pugugly] 03/8/2020 08:34

jonwig: Just checked at companies house- Appears he is only 30. Born March 1990

Could it be he is switchng track to his newly founded company


Nature of business (SIC)

35110 - Production of electricity
35120 - Transmission of electricity
35130 - Distribution of electricity
35140 - Trade of electricity

[jonwig] 03/8/2020 08:15

Yes, that's a surprise. And I don't know whether it makes my hoped-for takeover more or less likely!

Lower eps due to high tax credit last year, now used up I guess. In line with forecast otherwise. As you say, a lot to wade through - too many adjusted figures for my liking.

[pugugly] 03/8/2020 07:46

CEO departing -revenue up significanlty - profit down - lots of verbage to wade through - Need to find out why CEO decided to step down and leave by end of FY- Not apparent from the rns -

[jonwig] 02/8/2020 17:07

imperial - I was looking at the corporate structure (from Companies' House) - it's quite complex! PUG is correct.

[pugugly] 02/8/2020 16:26

Looks like the same group
James Allen -
Website headline - Southbank - 1st up = James Allen
Lots of other tipsters in the group -
Might be a bit like "the curate's egg"

[imperial3] 02/8/2020 16:20

The tipster was claimed to be Exponential Energy Fortunes not Southbank Investment Research according to Stonesfan.

[jonwig] 02/8/2020 11:34

I've had a look at them (part of Southbank Investment Research) and I'm willing to concede that they seem to be a serious organisation. I'm not prepared to ring them to find out what their charges are, and I'd have liked to see a sample of their previous research on the website.

Incidentally, they are a subsidiary of Agora Financial Publishing which produces lots of tipsheets, etc. It used to own Moneyweek.

Tomorrow's results: this is the single broker's forecast (Berenberg or Grant Thornton?):

Revenue £41.00m, PBT £3.00m, eps 5.41p

Given the disruption, I don't know if that is up-to-date.

[stonesfan] 31/7/2020 11:17

It has certainly been worth subscribing, Jonwig, and I have done well. Whether it will continue is another matter, but I'd be inclined to give him the benefit of the doubt. Not cheap to subscribe, so not worth doing for small investments.

[jonwig] 31/7/2020 11:09

Thanks- I do like to look at such people as it may be worth subscribing!

[stonesfan] 31/7/2020 10:56

Alright, alright. The tipster is James Allen, whose advisory service is called Exponential Energy Fortunes. He has made some spectacularly good calls in the last few months, including ITM, Nikola and McPhy. He has also called when to exit with equal success.

[pugugly] 31/7/2020 07:32

jonwig: re 347 - Very fair comment -
Stonesfan- Jonwig makes a very fair point - Not that you are one as a long term member but there are too many recently joined rampers making "tipped today comments" where the tipper is themselves or memebers of their consortium- Hence request for validation - Fair enough?

[jonwig] 31/7/2020 06:54

All I wanted was the source not the content- too big an ask?

[spooky] 30/7/2020 12:14

Whoever it is, and my guess is Southbank Investment Research, they have a good following.

[toinifinity] 30/7/2020 12:05

very odd comment - you've paid to have access to whatever tip sheet you subscribe to so you can benefit from first mover advantage. If you're really a shareholder you then want to spread the (good) news, get others on-board and see the share-price go up? Suspicious behavior Stonesfan.

[stonesfan] 29/7/2020 17:22

I don't like to give details of tips, Jonwig. It's not fair on the paying subscribers.