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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 8801 to 8825 of 10025 messages
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DateSubjectAuthorDiscuss
25/1/2021
17:34
Market news Monday 25th January 2021. Tekmar Group PLC - Newton Aycliffe, County Durham-based technology and services for offshore energy - Chief Executive Officer Alasdair MacDonald buys 75,000 shares at average 63.1 pence, worth GBP47,325, on Friday and Monday. Now has 509,526 shares, a 1.0% stake. MacDonald moved from executive chair to CEO back in October. MacDonald had been non-executive chair of Tekmar since its float in June 2018 and became executive chair when Founder James Ritchie stepped down as CEO in August.
sev22
22/1/2021
13:20
https://www.tekmar.co.uk/news/tekmar-energy-ships-cps-for-the-jiangsu-qidong-offshore-wind-farm-in-china/
1tommyt
22/1/2021
13:14
Tekmar Energy has completed the production and shipment of inter-array cable protection systems for the Jiangsu Qidong Offshore Wind Farm, one of China's biggest offshore wind projects to date.The contract was awarded in late 2020 and required a quick turnaround to meet the customer's offshore construction schedule which commenced Q1 2021.The cable protection systems were produced at Tekmar Energy's manufacturing facility in the North East of England with the final shipment dispatched to China in December.
1tommyt
21/1/2021
10:44
They did £40mln revenue last year, so the year to Sept 21 is now standing at £33.5mln already. Only problem is the second half isn't going to make up for the first half, so likely profits will be a fair bit lower than last year.

Hopefully sometime before year end there will be some more clues on contracts for the following year.

At this price a recovery to around 4p earnings would look very attractive in their growing market.

yump
20/1/2021
13:21
Tekmar lands £4.5m cable protection deal.
sev22
20/1/2021
07:59
Yes the O&M market is proving to be very valuable and should help offset any delay to new project spending. Hopefully this and the Pipeshield contract last week will help boost up share price confidence.
1tommyt
20/1/2021
07:33
Great to see......
chrisdgb
20/1/2021
07:25
TEKMAR ENERGY SECURES MAJOR OPEX CONTRACT FOR OFFSHORE WIND PROJECTTekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce that Tekmar Energy Limited ("Tekmar Energy") has secured a significant contract to supply its products to protect subsea cables on a major operational offshore wind farm project.The contract includes work for Tekmar Energy's sister companies Subsea Innovation and AgileTek Engineering, demonstrating the value of the Group's combined offering to the offshore wind market.The contract, which closely follows the announcement of Pipeshield's largest ever contract win, is for execution and revenue recognition in the current financial year ending 30 September 2021 ("FY21") and is valued in excess of GBP4.5 million.
1tommyt
19/1/2021
14:31
Thanks for link.

It is a bit of a scandal in some ways that quite a few of our apparently leading green tech. businesses have to go overseas to sell. OK, export is great for balance of payments, but its more expensive than home sales.

Especially given how willingly everyone parts with money on Amazon, to have stuff worth £10 that's been shipped half way around the world.

yump
18/1/2021
18:29
Offshore boss calls for supply chain support to capitalise on Green Industrial Revolution.
sev22
18/1/2021
13:15
If it gets below 55p I'm topping up but don't like having to sell out on others to raise position.
1tommyt
18/1/2021
12:57
Think the share price is still in the process of bottoming out - its been as low as last years earnings on a p/e of 10, but temporarily those are not going to be equalled, so depends on looking say a year ahead. 40p+ again would be cheap on a 1+ year view I think.
yump
18/1/2021
12:30
Frustating.
imperial3
18/1/2021
12:05
Shame to see it dropping again today.
1tommyt
17/1/2021
13:37
I don't think the impact of COVID was just a few months I think it hit H1 as well (as said in FY20 update). Also as said consolidating the group takes time. Do we know if we will be getting a March statement as YE is now September ?
1tommyt
17/1/2021
12:50
Thanks thomstrike, I agree re Pipeshield but it is only around 20% of the business, and its margins would need to be very poor to reduce margins to such an extent at the group level.
contrariwise
17/1/2021
12:38
Keep in mind that this was the first H1 in which Pipeshield (and its cost base) was consolidated. Also some extra costs related to the pandemic apparently still hit Q1.
thomshrike
17/1/2021
11:15
Does anyone understand the decline in margins? They had to get replacement supplies from Italy last February/March when China went into lockdown, which explains some of it, but not all of it. Anyone know what is going on?
contrariwise
16/1/2021
21:27
Thanks haven’t read them yet - forgot over Christmas
yump
16/1/2021
19:49
Tekmar (TGP) H1 investor presentation (9th December 2020).

I thought these were well worth re-circulating now we are half way through January 2021.

New CEO, Alasdair MacDonald gives a comprehensive overview of the business and the market, followed by Sue Hurst, CFO who presents the financials for the period ended 30th September 2020.

sev22
13/1/2021
21:31
Sorry totally wrong thread
yump
11/1/2021
10:27
James became Tekmar's CEO in 2011, when the company was tiny.
thomshrike
11/1/2021
09:40
Have you actually met him? He came across very well in my opinion, and I know was highly rated by people in Tekmar. Strange after over 6-months it's still a debate ongoing..
1tommyt
09/1/2021
16:05
saltaire111

I didn't know that. Rather Trumpish then ? ;-)

yump
09/1/2021
16:04
imperial3

Yes still in IMMO - just took the view that its going to be quite a while before that gets going and not much to say. I might have some more if it drops back down near the bottom and I'm not taking the 4p placing as an upper limit, as I think from the figures they're going to raise again. Shame as it was just about to get going imo.

Sorry 0/t here.

I'm here having cashed in a bit of ARB and looking for businesses where the market is likely to grow for xx years, plus already making profits with proven products. Some insurance against economic woes, particularly if in a market that will grow even in a recessionary period.

yump
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