Tekmar Share Discussion Threads

[1tommyt] 09/2/2021 11:02

Tekmar Energy Limited, a Tekmar Group Company, is pleased to announce a contract award to supply its TekLink® Cable Systems (CPS) for the Kaskasi Offshore Wind Farm in Germany.The Kaskasi offshore wind farm is a 342MW wind project located in the German North Sea. Construction work will start in Q3 2021 and the project is planned to be fully commissioned by 2022. Once fully operational, Kaskasi will be able to supply the equivalent of 400,000 households a year with green energy.

[mikro1] 08/2/2021 21:27

4 days without a new contract win being announced! - I'm getting impatient

[mikro1] 04/2/2021 18:46

They must have a threshold amount for an RNS - the last 2 were for £4 million plus. Perhaps this was for £2 or £3 million..

[yump] 04/2/2021 18:35

Not RNS'd ? Odd as its major.

[mikro1] 04/2/2021 18:27

Nice to see the contracts flooding in

[stevieweebie2] 04/2/2021 17:08

That’s a lovely tick up at the end and an intraday high. Promising for tomorrow.

[1tommyt] 04/2/2021 13:42

Tekmar Energy has secured a substantial order to supply its TekDuct impact and abrasion protection technology to protect subsea fibre optic cables in Indonesia. The product will be manufactured in the UK and delivered to the customer in Q3 2021.

[chrisdgb] 03/2/2021 14:32

Lets hope we can push back to tat 90p level in the reasonably short term....

[stevieweebie2] 02/2/2021 16:26

Yep
Buywell will need to gets his crayons out again.

[w1lbur01] 02/2/2021 16:24

Some nice buying today

[yump] 01/2/2021 21:26

Oh right, found it on the site now.

[1tommyt] 01/2/2021 21:15

It's a follow on contract for next generation product for export cable as apples to the interconnect cables"Following an award for the array cable scope in 2020, Tekmar Energy is pleased to announce that Prysmian Group has selected its Generation 10 Cable Protection System (CPS) to protect export cables on the Saint-Nazaire offshore wind farm, meaning the project's entire subsea cable system will be protected with Tekmar Energy's patented CPS technology."

[mikro1] 01/2/2021 20:34

Well spotted 1tommyt.. that makes 4 announced contract wins in the last 4 weeks (2 RNSd and 2 others just on their website). No wonder the Director is buying..

[yump] 01/2/2021 19:15

Thats from March last year

[1tommyt] 01/2/2021 18:44

New product is selling well

[1tommyt] 01/2/2021 18:44

Tekmar Energy, a Tekmar Group company, has announced a contract award to supply CPS for export cables on the Saint Nazaire offshore wind farm in France.#offshorewindenergy l #subseacables l #subseaprotection

[mikro1] 01/2/2021 17:24

It feels like the large seller is nearly done now.. last week I could by £50,000 at a time with quote and deal - today only with a limit buy.

[mikro1] 01/2/2021 00:35

Its on the company website not an RNS (presumably not material enough to warrant an RNS). The good news keeps coming here.

[yump] 28/1/2021 13:32

Think the RNS feeds gone wrong I can't see it

[1tommyt] 28/1/2021 13:25

Another new contract for large wind farm

[1tommyt] 28/1/2021 13:24

Tekmar Energy is pleased to announce a contract award from cable manufacturer Prysmian Group to supply its Generation 10 TekTube® Cable Protection System (CPS) for the Neart na Gaoithe (NnG) offshore wind farm in the UK.The 450MW NnG project, jointly owned by EDF Renewables and ESB, is located in the Firth of Forth, Scotland. Once complete the project has the potential to generate enough renewable energy to supply power to around 375,000 Scottish homes.

[dangersimpson2] 27/1/2021 10:00

Invoice discount financing is certainly possible but is limited by the fact that a good chunk of the receivables are unbilled. Banks won't typically lend against receivables unless invoices have actually been raised.

They could potentially access more CBILS funding which may have laxer covenants than unsecured bank debt - not sure banks would be too keen to lend unsecured w/o partial government guarantees given the recent history.

But generally, equity is much better funding for this sort of company because, by definition, it lacks covenants that may be hard to meet.

[contrariwise] 26/1/2021 18:34

Why do you consider the balance sheet to be stressed? As of the half year results on 1st Dec they had very low borrowings.

"Other interest-bearing loans and borrowings £3,265,000"

Couldn't they fund any increase in working capital needs by borrowing rather than raising equity?

[yump] 26/1/2021 17:34

You're right I misread the dates. So 1.4 gone in 2 months.

I bought a few around 60p but no more yet as chart still in downtrend or level.