Tekmar Share Discussion Threads

[igoe104] 06/1/2021 14:40

Yep, this company should be making a fortune. Its In a massively growing sector, best product in the sector but still the S/P is massively down from its IPO. Complete flop at the moment.

[imperial3] 06/1/2021 14:30

Certainly is. What a disappointment this company is proving to be.

[igoe104] 06/1/2021 14:04

This is frustrating, nearly everything in my PF up today , apart from these.🤔300;🤔

[1tommyt] 06/1/2021 13:35

I said they earlier in group. I'm on hold with target of 95p (or 10x EBITDA) offshore wind is going up and up and Tekmar are well placed. If management read this please put out more news coverage!!!!

[scooper72] 06/1/2021 10:42

Yep. In the same situation. Thinking to sign up for an energy share advice subscription. This whole area is going to keep shifting as technology and approach changes.

[pinemartin9] 06/1/2021 09:27

What are people's thoughts here? I'm a holder and was lucky enough to have got in at ~45p. We briefly touched 80p and then have been drifting since. I want to hear news of significant contract wins here. I'm still sat on a healthy profit but it's gradually being eroded.

[imperial3] 04/1/2021 11:41

Nothing. If a profit is there to be taken and they wish to cash in their chips,that is up to them.

[1tommyt] 04/1/2021 08:11

They did buy mostly at the bottom looking at the date of TR1, what's wrong with them cashing in a return?

[imperial3] 02/1/2021 17:17

I would not be surprised.There is no point in them hanging on, if TGP do not figure in their investment strategy.

[cerrito] 02/1/2021 16:58

I see that Harwood Capital-for whom I have high respect-reduced their holding in December from 6pc to 1,8pc.
It will be interesting to see if they sell out completely next week.

[chrisdgb] 30/12/2020 14:19

Would not be surprised to see this mentioned in a few New Year's Tips................

[chrisdgb] 23/12/2020 15:43

Oh look, shares are up, maybe more buyers than sellers..............

[imperial3] 23/12/2020 10:43

Looks like the reverse to me.Investors have their selling boots on.

[chrisdgb] 23/12/2020 09:49

Looks like someone has their buying boots on this morning.............

[pinemartin9] 18/12/2020 14:01

From LinkedIn company promo activity today:

Tekmar Energy has secured two new contracts to supply VBR strings (Vertebrae Bend Restrictors) for subsea projects in India and Australia.

One of the VBR strings will connect to an ROV-activated J-Tube Seal that was supplied by sister company Subsea Innovation earlier this year, further demonstrating Tekmar Group's complementary range of subsea technologies.

The project will be delivered from Tekmar Energy's North East of England manufacturing facility in Q2 2021.

[pinemartin9] 17/12/2020 09:58

From LinkedIn company promo activity yesterday:

Tekmar Energy is readying it’s manufacturing facilities in the North East of England to commence production of Generation 10 cable protection systems (CPS) in early 2021.

Since their launch in 2007 and 2013 respectively, we’ve delivered over 8,800 TekLink® and TekTube® systems which are installed on over 90 offshore wind projects worldwide, protecting over 30GW of subsea infrastructure.

We are excited to be bringing together the latest advancements of these systems which are now cross-compatible and highly configurable in order to meet future project demands, including bigger turbines, larger cables, new climatic conditions, latest installation techniques, and utilizing improved cable data.

[imperial3] 15/12/2020 18:44

Does the market know something we do not know? Maybe bad news in the wings? These sharp drops lately are disturbing.

[pinemartin9] 15/12/2020 17:06

Traders departing maybe. Someone is buying the shares though. Quite a period of redistribution of shares going on. Could be new PIs coming in at these levels, also some institutions are still adding. Need some news to stimulate new buyers.

[igoe104] 15/12/2020 16:55

Big drop over the last few days, either traders departing or insider knowledge ?

[jonwig] 15/12/2020 12:46

Thanks - will update header.

[pinemartin9] 15/12/2020 12:15

Needs some news about contract wins I think. The drop off from 79 has been rapid. Equally the rise from low 40s to 79 was more rapid!

Shall we have a go at trying to capture the major institutional holders given recent changes, from the header. The top 4 are latest positions, how much certainty do we have around the others?

Significant shareholdings:
Total number of shares ... 51,261,685 (Dec 2020)

Schroders plc ............. 9,261,581 18.1%
River and Mercantile ...... 2,554,250. 5.0%
Harwood ...... 1,865,000 3.6%
Oryx International ....... .2,075,000. 4.1%


Berenberg Bank ............ 4,950,000. 9.9%
J O Hambro Cap Mgt ........ 4,000,000. 7.8%
Hargreave Hale ............ 3,400,000. 6.8%
Legal & General Inv Mgt ... 3,000,000. 6.0%
BGF Investments ........... 2,580,000. 5.1%
Downing Strat MicroCap .... 2,556,413. 5.0%
Impax Asset Mgt Ltd ....... 2,099,221. 5.0%
Miton Group ............... 2,024,001. 4.0%
Barralina Asset Mgt GmbH .. 1,200,000. 2.4%
Threadneedle Asset Mgt .... 2,000,000. 4.0%
James Ritchie-Bland*....... 1,013,375. 2.0%
BlackRock Advisors (UK) ... below 5%

[imperial3] 14/12/2020 15:30

Sellers very much in the majority so far today.

The company does not seem to inspire much confidence with their results not that long ago.The question is can they turn it round?

[dangersimpson2] 14/12/2020 14:23

Yeah, I agree. Moving into net debt & retaining stubbornly high receivables even as revenue in Tekmar Energy halved in 21H1 compared to 20H2 is particularly ominous. I doubt they would have got a going concern statement without the CBILS loan either, and eventually this has to be repaid.

Appointing a new broker, a very promotional H1 results announcement masking terrible revenue trends, CEO leaving suddenly, Downing joining the share register - all these point one way.

The good news is they might get it away at c.50p. After the trading statement, I feared they would be looking at a sub-20p raise, whereas their recent promotional activities have at least kept the price at an elevated level prior to the raise.

[thomshrike] 14/12/2020 14:14

On my side, now I cannot help looking at the story as a mixed bag.
I have always been a top-down investor and love the company's exposure to OW. I don't even mind their exposure to O&G as it comes from a low base.
But since the IPO the story always revolved around having a large competitive moat on their key product. By now, the importance of that product in total revenues is lower and the competitive environment is more fierce. Even if you believe in management when they say that Generation 10 will have the same gross margin, the reduction in ASP might result in lower revenue growth than many expect and cause many investors to question the equity story.
I also thought that the announced cost cuts were underwhelming.
Being a project business will not go away either and there will continue to be question marks about CF generation - and even about the BS availability to do more M&A without raising money.
Finally, frankly, I miss the former CEO's dynamic style.
On the other hand, this would be a very interesting asset for larger companies, such as Subsea 7 or Trelleborg. Hopefully current shareholders can one day enjoy a nice exit through a takeover.

[markirv] 14/12/2020 14:04

Joint broker, presentation, share price fall. Smells like a placing.