Tekmar Share Discussion Threads

[indiestu] 24/6/2022 21:53

Don't beat yourself up. Open another bottle of chateauneuf de pape and think it through. If this is hurting you then you put too much dough into a small cap. You got to take some losses to learn.

[pinemartin9] 24/6/2022 21:30

I sold a few days ago and have taken it on the chin. I genuinely believed that they could make a success of this. Its been an expensive mistake. Should have bailed much much earlier. I feel for those of us who've lost money here. I could do with a spot of luck as the markets have had a proper piece of me recently. GLA

[indiestu] 24/6/2022 21:02

OK, I'm blown out here so this is a learning curve and should be fun to follow. Putting my theory in the mix. Company has put itself up for sale. Reason, to give shareholders the chance to exit, shake out loose holders. Company will enter a CVA. This will protect them from creditors but also from any legal action that's may be brewing after the scour protection disaster. Note for future, this should have been the point I ran away but too late now. Reading the holdings RNS's it seems like the major share holders could be holding firm so they would likely vote in favour of a CVA. This could allow the company to agree payment terms that could see it through the current cash flow squeeze. There will of course be reputationall damage but if they can honour the contracts they have and renegotiate the input costs its just possible they could survive. It's a long shot but its a shot. For sure there will be dilution when the experts have done the numbers but they wont have much luck selling shares until they can prove the business is potentially viable. It has been an incredibly difficult period for many companies. rarely does it work out well. I am an eternal optimist!

[kor_wraith] 24/6/2022 21:00

At the end of the day the company is going to be loss making for at least the next year and perhaps only marginally profitable thereafter.

It's a distressed sale for all intents and purposes, albeit with a bit of time to find a buyer.

[yasx] 24/6/2022 15:10

Rather than heading to administration - which is the direction it seems to be going - why did they not just raise more by way of a discounted placing in the 30's?

This does not smell right at all....

One wonders if the next announcement will be we have had no offers and so that is the end of the road - in reality have they even sought to attract any interest? Perhaps it is all concluded in advance and this is a box ticking exercise.

[c3479z] 24/6/2022 12:42

should have been a 'levelling-up' exemplar and a leading British company in the field given Britain's position in offshore wind, so what's gone so badly wrong, have the Chinese stepped in and produced more cheaply?

[chrisdgb] 24/6/2022 12:40

A now truly horrendous reaction to 'maximising shareholder value'....I feel sick

[pinemartin9] 21/6/2022 09:10

A lucky escape for those not in or those savvy enough to get out quickly when the alarm bells were ringing. The speed of capitulation here warrants investigation on my opinion. the timing of the US RNS recently probably enabled a few in the know to get out at ok ish prices. I got this badly wrong and am left carry the can. No one to blame but myself.

My only hope now is that someone sees some value here. They ahve circa 60-70 employees. An established product and client base and a manufacturing facility. Surely UK government will not want to see a company like this go to the wall.

This a snip at these prices for a cash rich company looking to gobble up a competitor or take them out. Got to be someone interested at these levels?

[masurenguy] 21/6/2022 08:41

Looks like James Thorne got this wrong - circa 57min into the webcast. Fortunately this never migrated from my Watchlist into an investment @36p when this review with Paul Hill was broadcast on May 20th!

[currencytrader1] 21/6/2022 08:15

Yes, this is only going one way now unfortunately.. GLA

[yasx] 20/6/2022 09:15

It is starting to look like this may be heading for administration sooner than may have seemed probable - perhaps the 'review' initiated by the Co. is just a bit of a smokescreen and things are even worse than suggested - smells increasingly like Tricorn.

[diku] 19/6/2022 22:33

Lined a lot of pockets???...isn't that normal procedure for new IPO's...

[pinemartin9] 19/6/2022 19:43

Yes, Diku but those aren't really useful commments. No point acting smug is there? Regardless, the company looks to be up the swanny. Out of cash and unable to make a profit. Could be bought out by competitors for the order book and move them onto their products. A major balls up here. The original MBO and floatation lined a lot of pockets. Since then it's been a disaster. Maybe we will see the original benefactors and founders buy the company back?!

[diku] 19/6/2022 11:58

Those who bought on the first day fall hoping for a small bounce seeing it keeps going down start to bail out...it becomes a self fulling prophecy...

[diku] 19/6/2022 11:56

Post 1525..think there is a lot more hush hush been kept quiet then is being known...as for Directors buying it could be a PR stunt...and maybe an offer was pitched in much lower when share price was trading around 38p...but the BOD get a sweetner either way...talk of going green?...shareholders are going red...

[chrisdgb] 19/6/2022 08:43

I wonder if Ashtead Technology would be interested…..?

[shallwe] 17/6/2022 20:31

I bought this at IPO for around 140p and after seeing then selling/transferring parts of the company to family members (which didn't feel right) I decided it wasn't for me so bailed out at around 125p.So glad I did! Yes I made a small loss, but it could have been so worse.

[pinemartin9] 17/6/2022 16:30

They will probably have the for sale sign up!

[indiestu] 17/6/2022 16:27

I will drop some coins in the collection tin when I visit the stand.

[pinemartin9] 17/6/2022 16:00

Apparently they will be exhibiting at the Global Offshore Wind Event in Manchester next week. Someone could go and ask them what's going on?

hxxps://www.linkedin.com/search/results/content/?keywords=tekmar&sid=_RP&;update=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A6937704708149047296%2CBLENDED_SEARCH_FEED%2CEMPTY%2CDEFAULT%2Cfalse)

[pinemartin9] 17/6/2022 15:54

It's always a really nasty situation. I've had it a few times. Hindsight also plays tricks with the mind. Easy to say should have bailed as soon as the for sale sign went up...instead I didn't and here we are. The company is valued at about £6M now! At least the incompetent directors who recently purchased are feeling the pain.

Some would say sell now regardless and just take it on the chin. However, when something is next to worthless versus original investment it might just be one to write off and bottom drawer it. However, they very rarely come good again. The red light should have been flashing as soon as the for sale sign went up. We would have recovered some value then.

I just can't understand the short time period between the placing and this dire situation. Seems a major miscalculation to me. Either get enough money raised to see you through or put the for sale sign up earlier.

There must be some value in the company as they are winning work and have legacy contracts. Revenues not turning into profit. Maybe someone can make it work. Maybe the directors had a plan behind the scenes that has fallen through.

Either way, the markets are now valuing this company at just under £6M. Painful experience once again. Have these in my SIPP but it's definitely going to take some good returns from other shares to fill this hole.

Did anyone get out earlier this week?

[charlie9038] 17/6/2022 15:34

Me too Pinemartin, way to deep to pull out now wtf

[pinemartin9] 16/6/2022 16:16

I am one very annoyed share holder. How could this go so badly wrong after the recent placing!!