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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
  -4.50 -8.57% 48.00 47.00 49.00 51.50 48.00 51.50 103,938 15:05:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 40.9 2.0 3.9 12.5 25

Tekmar Share Discussion Threads

Showing 8951 to 8975 of 9325 messages
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DateSubjectAuthorDiscuss
04/5/2021
07:31
Just seems one bump after another with share over the last 15 months. its now comfortably my worst performing share out of my 26 holdings. Losing 45% now.
igoe104
04/5/2021
07:16
@1tommyt Post 931. That being the case I expect that they must have good insurance policies!
soulcold
04/5/2021
07:09
I took some off the table last week but will top back up if we get to c49p again
1tommyt
04/5/2021
07:01
1t- Based on my own records from Friday's closing quote
pugugly
04/5/2021
06:59
Sorry stupid question. Please ignore
1tommyt
04/5/2021
06:55
What's best app to see that?
1tommyt
04/5/2021
06:55
But MM's marked down 3p before open - A top up opportunity?
pugugly
04/5/2021
06:54
At this stage, in relation to our ongoing discussions with Orsted, we do not anticipate a material financial impact for Tekmar Group and we will provide shareholders with further information as and when appropriate." Think that's the key!
1tommyt
04/5/2021
06:20
Good to see the RNS this morning.
igoe104
01/5/2021
22:16
Uncertainty is the key word...brings both risk and opportunity. For me at the moment the risk outweighs the opportunity. That can change quickly but I don't think there will be any clarity before results. Therefore I'm out for now.
pinemartin9
01/5/2021
21:19
It all creates some uncertainty - Having a big holding here I will propose the most optimistic outcome - Tekmar are not liable for anything as it is a result of the rock placement. But many wind farms will, as a result of this revelation, need to invest in more Opex expenditure in their CPS over the next 2 years leading to more Opex work coming tekmar's way - which is what Tekmar have been hoping for. At least that's what I hope!
mikro1
30/4/2021
18:47
Also doesn't the Pipeshield business provide the stabilisation and rocks ??? https://www.pipeshield.com/products/
1tommyt
30/4/2021
18:45
I read this again and I start to think it was something Orsted did to damage the product so not a fault of the cable protector? Also clearly states only detected earlier this year in 2021 so possible that Tekmar were not aware of the situation as was only found when then an outage?
1tommyt
30/4/2021
18:43
Leading offshore wind developer Ørsted has suggested that a scour protection method which left the inter-array cables unstabilised could be the potential reason for an up to DKK 3 billion (EUR 403 million) issue across up to ten wind farms in Europe.As reported earlier, Ørsted first became aware of the problem earlier this year during an inspection after an outage at the Race Bank wind farm offshore the UK.he scour protection, the rocks placed on the seabed around the foundations to avoid seabed erosion, abrading the CPS and in the worst-case scenario causing the cables to fail.It appears now that the second layer of rock placed on top of the cables could have prevented the damage to the CPSs.
1tommyt
30/4/2021
18:19
1tommyt - Nice find - Somewhat reassuring - Will be interesting if any press comment over the weeked.
pugugly
30/4/2021
18:04
That's interesting because you see they worked together on Hornsea https://www.tekmar.co.uk/news/tekmar-to-supply-the-worlds-largest-offshore-wind-farm-hornsea-two/
1tommyt
30/4/2021
18:00
hxxps://www.offshorewind.biz/2021/04/30/orsted-points-at-possible-reason-for-eur-403-million-cable-problem/ ”For the first many wind farms we built we had another solution. First we had rocks around a monopile, then we had a cable coming out, and then we put rocks on top again,” Marianne Wiinholt, Ørsted’s Chief Financial Officer, said in a conference call about the company’s Q1 2021 results. ”Then, together with the industry, we thought that there was a better solution, and therefore we did not put the additional second rock layer on top. That was believed to be the best solution and we used that for ten of our wind farms. We have now found out that this is not a good solution, so for the wind farms we are constructing now, Hornsea Two and Changhua 1 & 2a we are stabilising the cables again.” I take "together with the industry" to mean in collaboration with Tekmar. I think in times like this its best to think of the worst case scenario and be pleasantly surprised to the upside.
benbay001
30/4/2021
17:36
Lots of speculation clearly but it could be good news for the replacement market, key looks to be who did the design with the rocks.....?
chrisdgb
30/4/2021
17:28
Maybe it was the stingray?...
diku
30/4/2021
16:42
We are still all working on the assumption it was a fault with the product, if it was wouldn't the insurance cover a design? We have also seen some major contracts for them doing cable repair? https://www.tekmargroup.com/subsea-innovation-delivers-first-of-kind-retrofit-cps-to-operational-offshore-wind-farm-in-the-uk/Anyway getting a bit scary without any update might need to rein back a bit.
1tommyt
30/4/2021
16:34
This should have been known about by TGP for several months - It would appear to significant - unless "watertight" exemption clauses in place - So an rns should have been issued under market regulations. Now I wonder if change of Nomad might be significant - "4 February 2021 TEKMAR GROUP PLC Appointment of Nominated Adviser. Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce that is has appointed N+1 Singer as the Company's Nominated Adviser ("Nomad") with immediate effect +44 (0)20 7496 3000 Rick Thompson/ Rachel Hayes
pugugly
30/4/2021
15:26
@pinemartin9 Tekmar will most probably have agreed terms with the Installation Contractor who may well have passed down the liability to them, the CPS supplier. As I predicted things might be starting to unravel for Tekmar hence the sudden departure of James Ritchie.
soulcold
30/4/2021
14:47
I have this afternoon emailed TGP investor relations regarding getting an update on the issue. I copy pasted the emails i sent to the LSE board if you want to read. But id encourage others to email as this does create extreme uncertainty and we still have a month to wait before the interim results.
benbay001
30/4/2021
14:43
I guess it relates to the layout and wind farm size (MW). Racebank is 573 MW so one of the larger ones. I'm not sure what contracts Tekmar won with other Orsted assets. Equally, I don't know if this problem will arise with other owners that Tekmar won contracts with. Also we don't even know if they are on the hook for anything at all! Seems unlikely to me that they would sell something to go under the water and provide extensive guarantees. Could probably find out easy enough on their website but I'm lazy at the moment. It could be a perception thing though...the way they react could affect future orders, or cast doubts on the quality of their product. I would have thought a statement should be issued to clear anything up. You can bet your bottom dollar that Orsted will seek to claim back some form of damages/losses here if it can be pinned on the product. Who wouldn't? Equally, the Tekmar terms should hopefully be watertight (no pun intended!) if they've done their contracting correctly. Equally Orsted would now have quite a bit of leverage in future negotiations with Tekmar. My gut feeling is that we will hear about this issue much more in the future. The industry is relatively young and growing rapidly.
pinemartin9
30/4/2021
14:23
10 Windfarms how many CPS per windfarms anyone know?
sebass
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