Tekmar Share Discussion Threads

[diku] 01/6/2021 08:47

Normal Plc punchline...




Lots of moving parts for sure but looks a decent long term recovery story here if the management can deliver.........

[pinemartin9] 01/6/2021 08:04

I think it's OK, but let's see. Some positives. Developing O and M business, regional offices and focus, floating wind opportunity. Order book ok but new wind still light. I don't see the CFO going as a bad thing. Good to see some employee ownership and SAYE scheme. Yet to drill into the numbers. I think this might be reasonably resilient.

[cerrito] 01/6/2021 08:01

I see from the October 29 2020 RNS from Kromek that our new FD seems to have left them on good terms.

[spongey] 01/6/2021 07:57

confusing message on the CPS cable protection issue. Lots of caveats but then say they are not involved. A bit light on info here.

[pugugly] 01/6/2021 07:56

Has taken a big hit recently - the big question to be resolved when market opens - has this been enough to discount the bas news?
Going forward - rose tinted projections but will the new management team achieve them? However very much an ESG coy in a massive growth market so we could have ESG funds buying on weakness.

[rangor] 01/6/2021 07:52

There are some positives though, e.g.
Geographic expansion including developing partnerships in the US,
Being part of the mix for developing floating turbines

[chrisdgb] 01/6/2021 07:52

Lots of moving parts for sure but looks a decent long term recovery story here if the management can deliver..........

[1tommyt] 01/6/2021 07:45

£20m of debtors and £12m creditors.should have £8m flowing through so long as they ensure a break even position for full year, should be doable with £10m backlog and £11m preferred. think shares will take a hit today but with IP and cash position of c£8m and enquiry book of over £200m anything less than 40p (or circa £20m Market Cap) and i am topping up from my last month sale.i really liked the original team but guess if after 10 years they wanted to leave it's fair enough and hope the new guard make a positive impact with the big investors!

[rangor] 01/6/2021 07:36

£3.8 Mill in cash, but it includes the loan of £3mill received in April 2020.

[igoe104] 01/6/2021 07:28

Not great, but at least there is some sort of guidance plan for the future. Biggest positive is the cash pot is 3.8 million.

[currencytrader1] 01/6/2021 07:17

Schroders will be selling now for sure.

[currencytrader1] 01/6/2021 07:14

Big adjusted loss this time, this is really not good news, and CFO disappearing as a scape goat??

[igoe104] 31/5/2021 20:24

That percentage do others think ?

[igoe104] 31/5/2021 20:23

This share will either be one of the biggest gainers of the day or one of the biggest loses of the day tomorrow. Looking at the last update and considering the recent director share purchase and the contracts they have won recently, I think its 70% of being a gainer and 30% of being a loser. But I wouldn't be surprised if this management find a bump in the road .... margins being seezed etc etc

[1tommyt] 31/5/2021 14:30

think last time they updated link on the day that doesn't help me plan

[currencytrader1] 31/5/2021 12:32

Doesn't appear to be a webinar arranged, that's never good news...

[imperial3] 31/5/2021 11:04

What makes you think that?

[1tommyt] 31/5/2021 10:53

will they be doing an online presentation to the public. If so does anyone have the link?

[benbay001] 29/5/2021 10:41

I agree Pinemartin.

Tekmar is my holding that carries by far the biggest risk, yet the upside is also massive.

I read through the december report yesterday to see if it could sway my view one way or the other, and it did. Im bullish.

There's the structural review which was completed just before the last update, then all the contract wins that we have seen since.

It wouldnt take much in the way of cost and efficiency savings to see a massive change in margins and subsequently EPS.

The first Turbine on Hornsea two was installed this week, which means Tekmar should be getting revenue from the largest wind farm build in the world.

Everyone seems to forget how little this company is worth now. It wont take much to send this flying past £1.

Likewise, with all the institutional holding it wouldnt take much of a route to half it from here either.

In summary, cautiously bullish for Tuesday. (And totally helpless because my ISA transfer has been stuck between iWeb and II for two months.)

[pinemartin9] 28/5/2021 21:35

Not a particularly nice comment. It depends on what price people are holding from. We have a 24M company in a hot sector winning some contracts. I think you will be surprised. There's a lot of bad stuff built into this price. I've been in so many companies recently that have gone down on results day when posting good numbers, so who knows! The upside could be big here. I can't see that this company is worth less than 20M so for me it's worth holding. I think the upside could be significant. You might be right but even so, I'd hardly say your comment was insightful.

[scepticalinvestor] 28/5/2021 16:22

Good luck to all sh for tuesday, think you will prob need it!

[varies] 28/5/2021 14:34

Like many others here I am nervous about Tuesday's figures and I have been thinking of taking my remaining losses today.
On looking again at the 30 Sept 2020 figures, I have decided to hang on as the balance sheet at that date looks solid.
Net current assets amounted to c.£15 million, say 29p per share.
Fixed assets amounted to £31.8 million and long-term debt to only £1.1 million.
Goodwill, if I remember rightly, amounted to about £22 million of these fixed assets and the notes assure us (for what this is worth) that the directors see no need for provisions against this.
We do, of course, have new brooms at work who may decide to write some of this goodwill off nonetheless.

[pinemartin9] 28/5/2021 13:23

LinkedIn yesterday, I missed it:
Generation 10 has completed its journey! Tekmar is delighted to announce that our 10th Generation TekTube Cable Protection System has been successfully installed offshore on a significant European wind project, and by utilising our patented Mechanical Latch system, our CPS installation time remains unmatched offering offshore installation team’s unrivalled benefits.

Generation 10 was developed in preparation for future project demands including innovative turbines, larger cables, and the latest installation techniques. With the addition of various new manufacturing assets now operational in our state-of-the-art production facility, and with production ongoing, this milestone marks the end of our latest generational development programme and the commencement of scoping Generation 11.

[charlie9038] 28/5/2021 12:13

All we can do is sit & wait, starting to wind me up... get it lol!

[diku] 27/5/2021 15:11

The next leg down?...