Tekmar Share Discussion Threads

[jonwig] 25/11/2020 07:03

The Times -

Offshore wind farm developers will forfeit their subsidy contracts if they fail to meet plans to support the British supply chain, under government proposals.

The business department is looking for ways to boost the share of offshore wind projects that are made in the UK. The Times revealed on Monday that the government estimates that less than half of the £50 billion capital investment in new wind farms this decade will be spent in Britain, with most turbine parts likely to be made overseas.

[stevieweebie2] 24/11/2020 12:05

68 is B/E for me, least im not showing 4k loss anymore.

[petewy] 24/11/2020 12:04

I'm back in. And 76% IS surely all can't be wrong.

[imperial3] 24/11/2020 11:58

In the leader board.

[chrisdgb] 24/11/2020 10:41

Looking good............

[imperial3] 24/11/2020 10:02

Pinemartin9

Timing is critical in investing.

Well done!

[pinemartin9] 24/11/2020 08:49

Yes, support for the full UK supply chain is paramount to capitalise on this once in a generation infrastructure opportunity that the UK has. Green jobs - tick, low carbon - tick, climate objectives - tick, job creation - tick, upskilling/creating capability to export - tick. The list goes on. The Government cannot miss this opportunity. It's one of the few ways we have out of this mess.

For once my timing was quite good when I purchased last Friday!

[1tommyt] 24/11/2020 08:38

https://www.gov.uk/government/consultations/contracts-for-difference-cfd-changes-to-supply-chain-plans-and-the-cfd-contractThis is great news for industry!

[1tommyt] 23/11/2020 17:56

Maybe just speculation about the RNS next week...

[stevieweebie2] 23/11/2020 16:38

yes, maybe not as you say its going to take a while to bear fruit but you never know, thanks.

[pinemartin9] 23/11/2020 15:51

Could be optimism about possible involvement in the Sofia OWF? Prysmian have worked with Tekmar before. Prysmian are preferred bidders for the MASSIVE Sofia OWF. A requirement for local content in bids could be positive for Tekmar? Just speculation my part though.

As we all know Sofia is just one of several major UK based OWF projects in the pipeline. Would take a while for this to feed through to TGP though I'd have thought.

hxxps://www.prysmiangroup.com/en/press-releases/prysmian-signed-preferred-bidder-agreement-for-sofia-offshore-wind-farm-project-worth-over-200-m


hxxps://www.offshorewind.biz/2017/01/16/prysmian-picks-tekmar-cable-protection-systems-for-rentel/

[stevieweebie2] 23/11/2020 15:03

Whats occurring?

[thomshrike] 22/11/2020 10:18

There are some reasons why the 1H21 report was worse than the -10% revenue headline: (1) Pipeshield was not consolidated on 1H20 yet + some contracts in China were moved from 2H20 to 1H21 due to COVID supply chain issues, which means that the true organic revenue progression on 1H21 was a lot worse than the headline number; (2) comments about the competitive environment and lack of visibility (and tougher comps because of Pipeshield consolidation) indicate that things might not improve soon; (3) the pricing element has always been a question mark as operators squeeze margins across the supply chain; Teklink appeared to be relatively immune in the past, due to competitive moat + critical nature of the product + small % of the cost of the project; comments on the competitive environment indicate that this could also be at risk; (4) due to revenue decline + operating leverage + consolidation of Pipeshield costs, profitability should have been poor in 1H21; (5) given lower OCF, possible bolt-on acquisitions might have to be postponed.
Hopefully things will improve. There is a strong political push for OW, now also from the EU. There is plenty of work to be done on the cost structure.

[pinemartin9] 22/11/2020 08:58

I picked up a few on Friday. Running a tight stop loss and will sell under 40p.

[igoe104] 20/11/2020 11:46

10% fall in revenue, nothing mentioned about profit. Plus downing have started buying.

[battleofbrit] 20/11/2020 11:39

There was an RNS on 30 Oct mentioning a profit slump which led to about 40% of the shares being traded that day. I am guessing that a fund dumped their holding after getting spooked.

I wondered if they knew something that we didn't, but it looks like a massive overreaction.

From what I can see, Tekmar has a solid institutional share holding of 75% with Schroders recently increasing. That is good enough for me.

It looks like a nice recovery play, especially in light of the recent announcements regardign wind farms.

[igoe104] 20/11/2020 10:39

also they said they where facing more competition. unfortunately they made the announcement when the markets had a terrible week as well, which made the fall more dramatic.. ill be topping up, when funds become available again. i believe they are in the right sector and have the right product. good long-term recovery play.

[candlestick1] 20/11/2020 10:32

Hi allJust looking for some clarity on the current situation here, please. The recent trading update said revenue in HY21 was 10% lower than HY20 (with HY21 being the six months to 30 Sept 2020).It also said they were looking at cost-cutting measures that will be announced on Dec 1.I read a 10% drop that covered the entirety of the Covid 1.0 lockdown as being a real positive and those additional cost cutting measures as a strong way to mitigate that reduction in revenue. What was the reason for the massive drop? What am I missing here?

[jonwig] 20/11/2020 09:34

I learned at school that Dogger Bank was one of the richest fishing grounds in thye world. Thanks to over-fishing, no longer. There's a fishing exclusion zone around each farm, which at first I welcomed. Then I didn't:



Like so many things, it's a more complex issue than the layman might know.

[chrisdgb] 20/11/2020 09:26

Very interesting recovery story here...........

[rambutan2] 20/11/2020 04:40

Govt hoping to tempt GE to set up a wind turbine factory in the north east. Includes a James Ritchie quote:

[jonwig] 16/11/2020 16:49

Schroders increase: 9,139,454, 17.8%.

[1tommyt] 16/11/2020 15:30

Rumour has it that the European Commission is considering a massive increase in installed offshore wind capacity by 2050, with as much as 300 GW to be in place by that time.

[guyswonga] 12/11/2020 22:46

Slowly but surely creeping back up to minimum 70p