Tekmar Share Discussion Threads

[jonwig] 06/10/2020 07:02

From The Times (extracts):

Boris Johnson pledges wind power will run every home in Britain by 2030

Boris Johnson is to announce £160 million of investment in ports and factories as he pledges that offshore wind will produce enough electricity to power every home in a decade.

Britain has 10 gigawatts of offshore wind power capacity built and operational at present, with the target now for 40 gigawatts by 2030. Analysts have suggested that reaching the target would require £50 billion of capital investment and the completion of a turbine every weekday throughout the decade.

Plans for a new offshore grid to link windfarms to interconnectors were outlined last week.

The claim that offshore wind would power every home in the UK by 2030 is thought to be based on the average output over a year.

The prime minister says: “We will invest £160 million in ports and factories across the country to manufacture the next generation of turbines. And we will not only build fixed arrays in the sea, we will build windmills that float on the sea — enough to deliver 1 gigawatt of energy by 2030, 15 times as much as the rest of the world put together.”

[imperial3] 05/10/2020 11:45

Nice to know they are securing orders from Aramco.

[1tommyt] 05/10/2020 11:36

Lots of post on the group social media "Continuing our successful strategic alliance with our in-country manufacturing partners, Pipeshield has delivered over 125 concrete mattresses to NPCC in Saudia Arabia. The mattresses will be deployed across multiple Saudi Aramco projects."

[igoe104] 02/10/2020 16:28

Decent buys coming in at 84p now. Hopefully the seller has disappeared and this can start moving towards £1 plus.

[imperial3] 02/10/2020 11:48

There has been a fair amount of buying lately.Hoping this will reflect in an improving share price.

[1tommyt] 02/10/2020 11:41

New awards "Tekmar Energy is pleased to announce multiple contracts to supply cable protection systems for the Sheyang, Qidong, and Dalian Zhuanghe offshore wind farm projects in China.#cps l #offshorewind l #china l Tekmar Group plc l Energi Coast"

[thomshrike] 02/10/2020 11:41

hxxps://investors.tekmar.co.uk/news/tekmar-energy-secures-multiple-cable-protection-system-contracts-in-china/

[1tommyt] 02/10/2020 11:33

Looks like the slow road to recovery is starting on the share price...

[gswredland] 01/10/2020 18:16

Thanks jonwig

[jonwig] 01/10/2020 14:36

So they did give an AGM update yesterday ~4:00pm.
All resolutions passed comfortably and this will have been encouraging:

While Alasdair Macdonald continues to lead the business as Executive Chairman, the formal process to recruit and appoint a new CEO is nearing conclusion with a shortlist of candidates being interviewed next week. We expect to be able to announce the conclusion of this in mid-October, followed by a trading update around the end of October.
So no messing about

[1tommyt] 30/9/2020 18:10

I really expected more of an update by now! Common Phrases; No new, good news!

[igoe104] 30/9/2020 16:29

Looks like we will see abit of noise next month. Hopefully enough time for me to add to my holding.

[muckshifter] 30/9/2020 09:57

One thing I think I noticed while watching a recently recorded presentation, with a contribution from the departing CEO and questions at the end, was a bit of tension between the two main presenters, who were both contenders for the CEO job aiui.

Perhaps that was the tip of the iceberg, and internal rivalry had a hand in the departure. Either way, it will no doubt come out in the wash, and I hope that the best man for the job wins, and the board then works well together.

Just my opinion of course.

[1tommyt] 30/9/2020 09:17

Very much agree with jonwig!The year-end update was very positive and no change from that view! I must admit I am disappointed they haven't clarified the CEO position James has been gone for nearly three months. Would have been good to allow a shareholder call. More so in these generally turbulent market conditions.Hope to find a way to tap into Ber call in few weeks. Thanks, everyone for the debate...

[thomshrike] 30/9/2020 09:09

Hi jonwig, fully agree.
I think this forum is over-thinking the whole situation.

I am a strong believer that James's departure has nothing to do with the health of the business. At the time of his departure, he was very adamant that nothing had changed in terms of competitive position. Let's not forget that he continues to be a shareholder.

Still, the company should be cognizant of those concerns (they are). As a first step, a CEO should be appointed asap (most likely Ally). In 2 weeks' time he will have the first real opportunity to address fund managers at the Berenberg conference.

[jonwig] 30/9/2020 08:54

No AGM statement, and no opportunity to question the board remotely.
So this, from 03/09 should still be valid:

These recent contract awards help underpin our overall confidence in the Group's prospects, which we expressed in our full year results announcement in August. Our success in securing project wins through the collaboration of our Group businesses shows how much the business is benefitting from its diversification into complementary technologies and being able to offer our international customers a unique customer-value proposition."
The latest TR-1 announcement from a week ago showed Schroders increasing its holding.
The downside of having so much institutional weight is that just one of them selling can have a big effect.

[topvest] 29/9/2020 21:08

Something doesn't quite feel right here at Tekmar with the mysterious resignation of the founder. Risk of a profit warning this year, with big bounce back next I think given the second half weighting flagged. On my watch list as a potential recovery stock.

[1tommyt] 29/9/2020 20:58

Even if it is true the business still has much more than just one product they expanded a lot over last year as a subsea project supplier. It is natural that large EPIC marine companies like SC7 use multiple supplier. I have many friends in industry, but sure contract awards that aren't announced is confidential information. What I want to see is more coverage from brokers!

[soulcold] 29/9/2020 17:23

Thomshrike .... industry contacts

[hpcg] 29/9/2020 17:02

47 trades today, £121K total, only 3 trades above 10k, 2 over 20k and 1 over 15k. There aren't a huge number of buyers clearly but I'm not sure how much information that provides. Directors have not put their hands in their pockets either mind you.

[thomshrike] 29/9/2020 16:43

Well, what is your source then?

[soulcold] 29/9/2020 16:16

Thomshrike ... unfortunately not however I am sure that the successful suppliers will issue there own press releases confirming the contract awards at an appropriate time.

[thomshrike] 29/9/2020 16:16

It's normal for Berenberg to lead the trading. They are the specialists on the stock and funds will usually resort to them to find volume.

[elsa7878] 29/9/2020 16:09

House broker walking it down so interested in seeing what tomorrow brings...

[igoe104] 29/9/2020 16:06

I wouldn't say TGP contracts are small, only last month they announced on the twitter feed they were supply the worlds largest offshore wind farm.