Tekmar Share Discussion Threads

[someuwin] 28/7/2023 09:30

Extension of Banking Facilities. Big vote of confidence.

[someuwin] 06/7/2023 12:33

Picking up stock at these levels may turn out to be a very shrewd move.

[igoe104] 27/6/2023 13:59

Tgp fund investor, talks briefly about them.

[cerrito] 23/6/2023 13:18

Siemens Energy shares down 30pc because of wind turbine issues announced last night.
From the FT
Dpeaking to reporters on Friday, Jochen Eickholt, chief executive of Siemens Gamesa, highlighted problems with rotor blades and bearings, and said the turnround could take longer than expected.

[dave4545] 23/6/2023 13:01

Expand please Cerrito ?

[cerrito] 23/6/2023 12:59

Will be looking at over the weekend, mindful of yesterday's news from Siemens Energy.

[igoe104] 22/6/2023 11:57

They are a picks and shovels company mainly for wind farms. Lots of global windfarm projects in the pipeline, so a chance for TGP to grow substantially over the coming years..

[imperial3] 22/6/2023 11:32

I just wonder whether this will be a 10 bagger in 5 years?

[zen12] 22/6/2023 09:10

Heading north..good call.

[someuwin] 22/6/2023 08:49

Peeps realising the huge growth potential here.

[someuwin] 21/6/2023 08:44

If they pull this off, the recovery could be spectacular

"...We are excited to be partnering with SCF and look forward to delivering the value of this partnership on the public market for the benefit of all investors and stakeholders. SCF and Tekmar have a shared ambition to build a top tier global offshore wind services company, through the company's core organic growth strategy and, at the right time, through acquisitive growth. The investment by SCF is a major catalyst for creating this growth platform and by any measure is transformational for the future prospects of the Group. The Board also recognised the exceptional track record of SCF, built over 30 plus years, in supporting value creation in offshore energy companies.

It is also worth highlighting that SCF identified Tekmar as the business of choice for building a global, offshore wind services platform. This recognised Tekmar's market leading position in the industry and also reflects the diligence undertaken by SCF to validate the growth opportunity and Tekmar's strong standing in the industry, particularly with its customers."

[igoe104] 21/6/2023 07:37

Inline trading statement, and they expect to break even on the year. Hopefully more contracts incoming...

[tomboyb] 31/5/2023 08:11

Good contract -

[mancman1] 31/5/2023 07:55

Unusual not to tell us who the contract is with.

[igoe104] 31/5/2023 07:27

Nice 5 million plus contract.

[cerrito] 02/4/2023 22:27

I have not had time to take a close look at this new deal but pleased to see that Schroders took 14m of the 22m placing shares deal so will have 26m shares ie 17pc of the share count of 146m when this deal goes through later this month.
I have alot on at the moment and will not have the time to do the study to go into the retail offer.

[harry_david] 01/4/2023 17:41

So shareholders have the threat of financial crisis on one hand or a bad deal on the other. Does anyone know anything about the new guys?

[cerrito] 14/3/2023 09:07

Had a good canter through the figures.
Great that they had a positive FCF as defined by operating cash flow and capex in the period.
Like most of you I quickly went to the Going Concern Statement and that like the rest of the report suggested to me that they can continue to limp along provided that the banks roll over the facilities-at least they do not have to worry about covenants.
This explains no doubt why they are taking their time to conclude discussions. I am interested that no industry partner have seen fit to make an offer.
I noted their comments about not having the financial resources to enter the fossil fuel market. I ask myself how much business is being lost because potential customers do not regard them as financially strong enough especially given the post sales service requirements. I thought their explanation of the contingent liabilities was plausible but something we need to have on our radar. I have no idea if their current plant needs modernising or expanding.
In short they do need to bolster their financial position and to have better shareholder communications. Too bad that broker Singer do not put their notes on Research Tree : that at the moment we have no IMC presentation: and while I have no problem having the AGM in Darlington too bad it is not later in the day so easier for people to make it. I cannot make that date anyhow.
I see that they are talking about revenue going up from £30m to £40m in the current 12 month period and eliminating last year's adjusted Ebitda loss of £2.1m
Ok as far as it goes but will not be able to generate the cash required from operations and the improvement seen in adjusted Ebitda in H2 of FY 21/22 will not be repeated.
I would feel more comfortable if they had a permanent CFO but can understand that no one would want to join at this stage.
Good that Schroders still in there with 20pc.
My basic issue continues to be that with a current Marcap of c£7m(feel free to check my maths), how can they raise the £3m they need to give them the required financial flexibility.

[harry_david] 13/2/2023 08:14

Are these guys insane? Why pursue a placement at around 8p when they can easily get one away at 12p or even higher. Besides existing shareholders will vote it down anyway.

[pejaten] 10/2/2023 13:36

Unless you have inside knowledge how an you tell? A strategic investor taking a stake at say 8p, does not necessarily mean that share price should be 8p. Suggests what matters more is detail about strategic ambition.

[chrisdgb] 10/2/2023 09:08

Price way too high.........

[volsung] 10/2/2023 09:02

Regained top place in my drawdown SIPP.
Hopefully new highs on the way

[indiestu] 06/2/2023 11:52

Looks like a break out back up to 40p.