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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 9.75 247,224 16:09:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water,sewer,pipeline Constr 30.19M -5.13M -0.0377 -2.59 13.27M
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 £13.27 million. Tekmar has a price to earnings ratio (PE ratio) of -2.59.

Tekmar Share Discussion Threads

Showing 8701 to 8725 of 10025 messages
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DateSubjectAuthorDiscuss
01/12/2020
08:09
Indeed, prospects look so good, supported by long term spending plans......
chrisdgb
01/12/2020
08:07
Onwards and upwards from now on. Lots future work in the pipeline, future big multi bagger.
igoe104
01/12/2020
07:50
Agree. The results seem inline with what was expected to me. No earnings guidance is annoying but they have changed reporting period and also there is this thing called covid. The preffersd bidder / identified opportunities is ok but doesn't say that much. This is all about capitalising on offshore wind over the next few years. I'm just as comfortable holding here now as i was buying at lower prices.
pinemartin9
01/12/2020
07:34
Board will withhold reinstating earnings guidance at this time.

So how will Mr Market respond?

Market outlook:


Long-term outlook for growth in global offshore wind remains strong with the installed base of 28.9GW forecast to increase to 233GW by 20306, representing a clear opportunity for the Group

·
Short term outlook is also strong at c.18.6% CAGR for new global offshore wind capacity forecast to 2024

·
UK commitment within the government's 10 point plan for Green Industrial Revolution; 40GW by 2030 including 1GW for floating wind; £160m infrastructure investment in ports and manufacturing facilities; and 60% UK content is seen as a very encouraging sign

The Group estimates the addressable market for our core products at c.£120m to £140m per annum over the next five years

Outlook:

·
Implementation of cost savings and integration efficiencies following initial stage of the internal review


Launch of Gen10 cable protection system - a cost effective and technologically advanced solution

·Internal review: next stage focusing on the expansion of the Group's presence in offshore wind to deliver shareholder value by capitalising on its market-leading position and through expansion into related offshore products and services

Whilst the market is still seeing projects progressing to their planned execution dates, the current uncertainty on the timing of contract awards into the supply chain is expected to continue in the near-term

Due to the short term uncertainty in relation to the timing of contract awards, largely due to the pandemic, the Board will withhold reinstating earnings guidance at this time.

With robust business fundamentals, the Board is confident that the prospects for the Group in the medium to long-term remain strong.

pugugly
30/11/2020
08:20
Yeah, China's offshore development is very rapid!
pinemartin9
27/11/2020
11:57
They have posted contract announcements on their website, pinemartin.9 in October and August. Hopefully them delayed Chinese orders are coming to tuition now. As the delayed Chinese contracts was announced a couple of months ago.
igoe104
27/11/2020
11:51
Would be good to get some announcements about contract wins and clarity on order book going forwards. Market cap still small given the market opportunity?
pinemartin9
27/11/2020
11:49
If I don't get too involved in the short term then I could see this doing very well medium term.
pinemartin9
27/11/2020
11:41
Looking good for next weeks H1 figures. Could see it back over £1
intheknow69
27/11/2020
11:40
"The details of this review will be provided in the Group's half year results announcement on 1 December 2020."
1tommyt
27/11/2020
11:38
Which day do we expect the RNS?
pinemartin9
27/11/2020
11:36
Shares are now past last RNS update next week will be interesting.
1tommyt
27/11/2020
10:27
Nice
back to B/E.

stevieweebie2
27/11/2020
10:16
I'm in for the long-haul here. TGP have a niche product, in a market which is going to grow substantially over the medium term.
igoe104
26/11/2020
15:55
Thanks Tommy. Yes, there is no doubt about it - offshore wind is a major opportunity for Tekmar. Not just in UK but globally too. I put 2.5% of my SIPP into as a smaller company holding. Very pleased so far with performance. I will let mine rune for a bit. UK Government has a credible company in Tekmar well placed to benefit from increased support for UK supply chains. They tick all the boxes.
pinemartin9
26/11/2020
15:03
Hi Lots of very positive PR on increasing renewables targets globally and in UK issued recently. RNS and CEO business update due out next week. Hope they do an online presentation for small investors also! I wrote last month "I topped up TGP at 40p and now it represents around 10% of my portfolio, I intend to put a much larger play on TGP if price stays below 45p tomorrow. My target price to sell is now 95p or around 10x 3-year average EBITDA (very low target) then I will drop them back into a circa 10% holding."Sticking with this plan
1tommyt
26/11/2020
14:16
Going nicely here. What outlook do people see? Long term hold and a return to 100p+. Well aware there are some on here under water still (no pun intended). I bought these as a medium term recovery play. However, 34% in 6 days is highly tempting. Originally I'd been hoping for 75p ish.
pinemartin9
26/11/2020
10:24
O&G now 20% of TGP reveenues, but AEP in the Telegraph quotes Goldman Sachs in predicting a new commodity supercycle which will include O&G as the effects of underinvestment work through:

Westbeck Capital said the oil market is heading for a perfect storm. Insider buying by oil executives has reached record levels. There could soon be a buying scramble to unwind hedge contracts - de facto short positions - setting off a feedback loop. China and India are rushing to acquire stocks while crude is still below $50. “All the stars are aligning for a powerful bull market,” it said.

jonwig
26/11/2020
10:15
Schroders and Downing buying - so who has been selling apart from Orix? Volumes suggest to me a concealed largish seller - Views?
pugugly
25/11/2020
10:32
I wouldn't be surprised if downing start adding more. They have funds available after cutting some of there bigger positions. Its normally there style.
igoe104
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.

jonwig
24/11/2020
12:05
68 is B/E for me, least im not showing 4k loss anymore.
stevieweebie2
24/11/2020
12:04
I'm back in. And 76% IS surely all can't be wrong.
petewy
24/11/2020
11:58
In the leader board.
imperial3
24/11/2020
10:41
Looking good............
chrisdgb
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