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TGP Tekmar Group Plc

9.25
-0.50 (-5.13%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tekmar Group Plc LSE:TGP London Ordinary Share GB00BDFGGK53 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -5.13% 9.25 9.00 9.50 10.00 9.25 9.75 322,694 16:09:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water,sewer,pipeline Constr 30.19M -5.13M -0.0377 -2.45 12.59M
Tekmar Group Plc is listed in the Water,sewer,pipeline Constr sector of the London Stock Exchange with ticker TGP. The last closing price for Tekmar was 9.75p. Over the last year, Tekmar shares have traded in a share price range of 8.25p to 15.75p.

Tekmar currently has 136,072,626 shares in issue. The market capitalisation of Tekmar is £12.59 million. Tekmar has a price to earnings ratio (PE ratio) of -2.45.

Tekmar Share Discussion Threads

Showing 8526 to 8547 of 10025 messages
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DateSubjectAuthorDiscuss
16/10/2020
08:35
I don't think it's someone who knows something, but more likely someone who fears something. The big question mark is the timing of deliveries. If you have a longer investment time frame, this is relatively irrelevant to you; but if you are concerned that it might get slower before it gets faster you could try to trade it. It's a risky trade however, when the share price is so low.
thomshrike
16/10/2020
07:51
All very puzzling this decline in the share price.Is there a nasty lurking which we do not know about yet?
imperial3
16/10/2020
07:47
There isn't any obvious reason for whats happening but someone definitely wants out. Either they bottom here or something is seriously wrong IMO.
spooky
16/10/2020
07:44
Mr Market not happy - If trend continues during day likely to break one year low - Now what does the market know?

But Schroders have been adding

Does not compute

Why?

pugugly
16/10/2020
07:39
Down over 7%, have a missed something? Or is the seller back again. Anyone have a idea who the seller is ?
igoe104
16/10/2020
07:12
On their morning email, the broker talks about a confident message from the new CEO, who addressed a number of topics: still some uncertainty about the timing of the delivery of some projects; supply chain left still with some level of inefficiency but being sorted out; potential LT margin increase through a better integration of all divisions (apparently a clear focus going forward); conviction that the SI cost overrun on 4Q of FY20 was a one-off.
thomshrike
15/10/2020
12:46
Anyone got any views from the conference?
1tommyt
15/10/2020
07:00
The comment is about internal operations and efficiencies is widely expected. The business is currently composed of a handful of holding companies, many of them resulting of acquisitions, that should be integrated more efficiently. This is one of the things that James probably believed he had no experience (or patience) in doing when he decided to leave.
thomshrike
15/10/2020
06:46
Ally said "outlook for the business, in which I remain extremely confident."I don't think James leaving was a conspiracy, he did it for 12 years (private, PE & PLC) from founding, businesses naturally outgrow the founding members. If you look him up, he is a wealthy young man with his first kid and just started a new fund. Julian as chair is also good as he is a big player in offshore renewables. Some people were a little aprhensive of Ally being more oil and gas. However, I think all the industry market contacts are broadly the same today. Shame no actually update on numbers maybe get some more from the conference today.
1tommyt
15/10/2020
06:26
CEO confirmed:



Probably the expected result and the best.
Internal review in progress. If that produces big changes it would be a clue as to why J R-B left. Maybe.

jonwig
13/10/2020
10:48
That MAY be the end of the seller.
spooky
11/10/2020
10:26
News next week of a new CEO?
imperial3
11/10/2020
09:53
And kick start the share price.
imperial3
11/10/2020
09:52
All this shows there is a bright future for the company.
imperial3
11/10/2020
08:16
Boris Johnson used his keynote speech at the (virtual) Conservative Party conference today to announce that offshore wind will power “every home in the country” by 2030.

It’s part of a “green industrial revolution” that will apparently create “hundreds of thousands, if not millions of jobs” while helping the UK hit its target of net zero carbon emissions by 2050.

Is this news?
Not entirely. Some targets announced today are new, like the plan to generate 1GW of energy from floating wind farms (turbines mounted on floating platforms can be used in deeper water).

The pledge to increase the UK’s total offshore wind capacity from 30 to 40GW was included in the 2019 Conservative Party manifesto and later confirmed in the Queen’s Speech.

So today’s speech confirms a pledge already made, but it comes at a time when the coronavirus pandemic has put other long-term spending projects in doubt.

Is the 40GW target feasible?
Analysts say reaching that kind of capacity in ten years will require tens of billions of investment, and the government has only announced £160m of extra spending today.

That sum is relatively small, certainly compared to state-funded infrastructure projects like roads, in which the government says it plans to plough £27bn.

But the government has made it clear it expects most offshore wind investment to come from the private sector, backed by a risk-sharing scheme called Contracts for Difference.

The Global Wind Energy Council says the UK target of 40GW is “ambitiousR21; but confirms that this country is still the world market leader for offshore wind, calling it a “monumental success story for the UK”. The trade association says other countries like Poland are copying the UK’s Contracts for Difference funding model.

So how much is the government really spending?
Contracts for Difference is the main way the UK supports low carbon electricity industry. The government agrees to pay electricity generators a fixed price over 15 years, instead of the wholesale electricity prices set by the open market.

It’s a way of ensuring companies with high upfront costs can invest in new technology with a guaranteed future income. It should also mean consumers won’t suddenly see their fuel bills rise if market prices rise higher than the price agreed with the government.

But of course, if the market price for electricity turns out to be lower than the price fixed in advance by the government, the government tops up the companies’ revenue.

The government said today that the UK will double its capacity for state-backed Contracts for Difference.

This obviously means it’s possible that the government could be on the hook for more than the £160m of spending announced today, depending on what happens to electricity prices.

Other experts have predicted that market prices could go so low that electricity suppliers end up paying the government via this scheme – a potential situation dubbed “negative subsidy”.

A spokesman for the Department for Business, Energy and Industrial Strategy (BEIS) told FactCheck that prices agreed between government and suppliers have fallen by around two-thirds since 2015.

He added: “The cost of deploying 40GW of offshore wind by 2030 will of course depend on the extent of further price reductions in the offshore wind sector.

“A more ambitious deployment of offshore wind could increase the costs of the CfD scheme, but because offshore wind projects can also sell electricity to the market at lower prices reducing overall electricity prices, any net impact on consumer bills will be significantly smaller.”

How many jobs will be created?
The Prime Minister referred to the potential for “millions̶1; of jobs to be created in Britain as part of a broader push for more green energy, but it’s not yet clear how big a role offshore wind will play in this.

The government says today’s announcement will create 2,000 construction jobs and “enable the sector to support up to 60,000 jobs directly and indirectly by 2030 in ports, factories and the supply chains”.

Historically, renewable energy has failed to boost jobs in British manufacturing because firms tend to use cheaper overseas companies to make the equipment.

The Mail quotes an unnamed source as saying that the government will impose rules on UK manufacturers so that 60 per cent of offshore wind equipment is made in Britain, but we haven’t seen any assurances given on the record about this.

A BEIS spokesman told us: “Many offshore wind components are large, and need to be made relatively close to their deployment locations.

“The UK has a strong manufacturing heritage, and by creating new large scale portside manufacturing hubs, the new funding will make the UK sector ever more competitive – helping it play a full role in the delivery of 40GW by 2030, and creating and retaining high quality jobs here in the UK.”

Patrick Worrall and Simon Roach

igoe104
09/10/2020
16:16
They are in a market which is in the throes of considerable expansion for the foreseeable future.This is a good long term investment imo.
imperial3
09/10/2020
14:45
Hi Rivaldo, I took that into consideration, when buying. but I took the plunge because ?

*The S/p is over 35% down from its IPO even though TGP announced stacks of contracts.
* They have cash on the balance sheet
* They supply up to 80% of the global market.
* Worldwide governments are going to increase offshore footprint substantially
* Joe Biden government already stated, they are going to invest substantially in offshore wind farms.
* Continued announcement of contracts- on the website, which aren't always RNS
* China contracts Announced last week. hxxps://www.tekmar.co.uk/news/tekmar-energy-secures-multiple-cable-protection-system-contracts-in-china/
* UK government statement recently about substantial amount of investment going into offshore wind farms over the next 10 years.

igoe104
09/10/2020
14:28
Hi Rivaldo,
I do not disagree with anything you said (and it is certainly not my role to persuade anyone), but:

- I believe that the market will be ok with a low H1 if FY guidance is kept unchanged. Especially if the order book supports that claim. I know that's a big "if", but given the continuous flow of orders and the overall positive political environment, that is still quite possible.
- Also keep in mind that most of their issues with the pandemic were related to their supply chain and those were largely sorted out just before the end of their previous FY (March). Yes, we should also expect project execution to slow down if we get new lock-downs, but that is true for almost every industry.
- Yes, the O&G market is weak, but they started from a very low base. Just getting a little bit of presence in a handful of projects would be enough for a decent performance of the division.

thomshrike
09/10/2020
14:22
I have taken a small position today and will then see what happens after the trading update.

Must be a seller around with all these buys going through.

the shuffle man
09/10/2020
14:21
The business is all but debt free with around £60m on balance sheet! If this was a takeover it would be a bargain purchase, so can't see any reason to wait.The oil and gas might be down, but the renewables are picking up as a market much faster in the medium outlook.
1tommyt
09/10/2020
13:52
Watching here, but not in as yet.

My big concern is that H1 will be very poor. TGP themselves say that Oil & Gas has "stalled" for the foreseeable - which is after all around 20% of the business - and that group revenues will be "heavily weighted" to H2. Plus there's the delays in demand from China and the overall effect of the global pandemic in the whole of the period.

The gamble is to invest now and risk an MM markdown and sellers on a poor H1 trading statement, or wait until afterwards with more specific knowledge and lose a little upside if all is relatively well.

I can absolutely see the attractions here, but will wait on the sidelines. Unless anyone wants to persuade me otherwise or I've missed something!

rivaldo
09/10/2020
12:25
okay im in, not a fortune but 7k worth. seem to be all buys ATM.
stevieweebie2
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