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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 Shares Traded Last Trade
  -0.50 -0.79% 63.00 435,983 09:25:38
Bid Price Offer Price High Price Low Price Open Price
62.00 64.00 65.00 63.00 63.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 40.94 1.96 3.85 16.4 32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:17 O 50,000 63.50 GBX

Tekmar (TGP) Latest News

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DateSubject
23/1/2021
08:20
Tekmar Daily Update: Tekmar Group Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker TGP. The last closing price for Tekmar was 63.50p.
Tekmar Group Plc has a 4 week average price of 57p and a 12 week average price of 35.50p.
The 1 year high share price is 170p while the 1 year low share price is currently 35.50p.
There are currently 50,687,852 shares in issue and the average daily traded volume is 500,699 shares. The market capitalisation of Tekmar Group Plc is £31,933,346.76.
16/1/2021
19:49
sev22: Tekmar (TGP) H1 investor presentation (9th December 2020). I thought these were well worth re-circulating now we are half way through January 2021. New CEO, Alasdair MacDonald gives a comprehensive overview of the business and the market, followed by Sue Hurst, CFO who presents the financials for the period ended 30th September 2020. https://www.piworld.co.uk/2020/12/09/tekmar-group-tgp-h1-results-presentation-december-2020 https://www.piworld.co.uk/podcasts
14/12/2020
14:04
markirv: Joint broker, presentation, share price fall. Smells like a placing.
14/12/2020
09:56
pinemartin9: What are people's thoughts in the drop off in share price from recent 79p high to 66p now? Can't see that anything has changed since, presumably just the share price giving a little back?
26/11/2020
15:03
1tommyt: Hi Lots of very positive PR on increasing renewables targets globally and in UK issued recently. RNS and CEO business update due out next week. Hope they do an online presentation for small investors also! I wrote last month "I topped up TGP at 40p and now it represents around 10% of my portfolio, I intend to put a much larger play on TGP if price stays below 45p tomorrow. My target price to sell is now 95p or around 10x 3-year average EBITDA (very low target) then I will drop them back into a circa 10% holding."Sticking with this plan
05/11/2020
22:05
rambutan2: By chance, I watched a presentation by Downing today (at a Kepler event) and without naming TGP as the company, it was talked about a little as a recent purchase. The manager said they'd done extensive due diligence before buying in, including asking industry players and experts their opinion of TGP and its future prospects. The view given back was that the product was still a leader and that in general the company was not a basket case and problems were fixable. And whatever, the mkt was big and growing. And I see that Downing were adding yesterday. http://uk.advfn.com/stock-market/london/tekmar-TGP/share-news/Tekmar-Group-PLC-TR-1/83612216
01/11/2020
20:21
1tommyt: So, for what it is worth, I have been racking my brain and going back over this one over the weekend. I don't hold many stocks, and what I do I tend to go long (3-5 years) and do lots of homework (see point later*) Tekmar and TGP.L to me remains an undervalued play within offshore renewables (high long term growth market) but not for everyone, and possibly as stated not best suited to the AIM market. I agree with @ varies and others who commented before, there is over 10m positive cash within the group today that is low risk from debtors and other liquid assets within the balance sheet, spoke with friends (who work in PE) and they agree this is highly likely takeover target at sub 40m cap. The current overreaction to the recent announcement is the classic oversupply under demand against an un-liquid stock, more than 20m of shares traded or 2.5x previous highest volume-driven mainly by single institutional investors (Originally more than 80% with ten holders) I had spoken with management and James in the past. He was very open about the competition (Page 36 risks section 5 competition in the annual, report) also mention in multiple management presentations (you can see videos online). They also continually highlighted the need to diversify, integrate the businesses and change current year-end to offset from peak demand. Other investors have confirmed that listing was an exit for the PE (who came out in full) James made most of his money back with PE deal and held little once floated, Ally (New CEO and former Chairman) had more PLC background and was always intending on running as a corporate role longer-term (some larger shareholder also confirmed this). James and Ally built this business that has always grown, always maintain a profit but was largely overexposed to one brand solution in a particular market, obviously this needed to change as a public company. So, for me, the real question is, why did the New CEO and long-standing former chairman make these remarks that were already widely understood and reported by the businesses? I think they needed to buy time, and the new CEO thought he could put space between him and former, before revealing new plans. This was a BIG mistake and has possible cost him the share base... that said it still makes for a great opportunity. *I topped up TGP at 40p and now it represents around 10% of my portfolio, I only keep a few listed stocks (i am mainly into VCT's and direct EIC) my top active personal holdings are currently TGP ORSTED SIFG VWS SUBCY. I intend to put a much larger play on TGP if price stays below 45p tomorrow. My target price to sell is now 95p or around 10x 3-year average EBITDA (very low target) then I will drop them back into a circa 10% holding. Hope that help. I found it useful in sharing my view.
30/10/2020
12:53
varies: Feeling rather foolish after my recent purchases at 84p and 76p I cannot see what there is in today's announcement to halve the share price but I dare say something nasty is in the wings. Comments here on TGP's balance sheet are much to the point and I shall re-read them carefully. If wind turbines in the sea are indeed to provide much of the world's electricity, then the maintenance of sea floor cables and the connections to them must be a business with sound prospects.
30/10/2020
07:28
pugugly: update out - Does not tell us very much (imo) but increased competition and contract delays - revenue and profits foggy due to covid - Changes of accounting dates - often a red flag (imo) but sounds as though problems uncovered - Could be read as a profit warning "As a result of this change, the next five financial reporting events will be: Notification of unaudited interim accounts for the six months to 30 September 2020, on 1 December 2020 ·Notification of unaudited interim accounts for the six months to 31 March 2021, by 30 June 2021 Publication of audited accounts for the 18 months to 30 September 2021, on 31 January 2022 · Notification of unaudited interim accounts for the six months 31 March 2022 by 30 June 2022 Publication of audited accounts for the 12 months to 30 September 2022 by 31 March 2023 However given price fall over last month risks may already have been baked into the share price.
29/10/2020
20:01
rambutan2: Thanks dangersimpson for your comments. To my mind it is clear there is some sort of background issue as the share price has been down too long now. And that is despite Schroders adding. An upcoming share raise makes sense. imho
11/10/2020
08:16
igoe104: Boris Johnson used his keynote speech at the (virtual) Conservative Party conference today to announce that offshore wind will power “every home in the country” by 2030. It’s part of a “green industrial revolution” that will apparently create “hundreds of thousands, if not millions of jobs” while helping the UK hit its target of net zero carbon emissions by 2050. Is this news? Not entirely. Some targets announced today are new, like the plan to generate 1GW of energy from floating wind farms (turbines mounted on floating platforms can be used in deeper water). The pledge to increase the UK’s total offshore wind capacity from 30 to 40GW was included in the 2019 Conservative Party manifesto and later confirmed in the Queen’s Speech. So today’s speech confirms a pledge already made, but it comes at a time when the coronavirus pandemic has put other long-term spending projects in doubt. Is the 40GW target feasible? Analysts say reaching that kind of capacity in ten years will require tens of billions of investment, and the government has only announced £160m of extra spending today. That sum is relatively small, certainly compared to state-funded infrastructure projects like roads, in which the government says it plans to plough £27bn. But the government has made it clear it expects most offshore wind investment to come from the private sector, backed by a risk-sharing scheme called Contracts for Difference. The Global Wind Energy Council says the UK target of 40GW is “ambitiousR21; but confirms that this country is still the world market leader for offshore wind, calling it a “monumental success story for the UK”. The trade association says other countries like Poland are copying the UK’s Contracts for Difference funding model. So how much is the government really spending? Contracts for Difference is the main way the UK supports low carbon electricity industry. The government agrees to pay electricity generators a fixed price over 15 years, instead of the wholesale electricity prices set by the open market. It’s a way of ensuring companies with high upfront costs can invest in new technology with a guaranteed future income. It should also mean consumers won’t suddenly see their fuel bills rise if market prices rise higher than the price agreed with the government. But of course, if the market price for electricity turns out to be lower than the price fixed in advance by the government, the government tops up the companies’ revenue. The government said today that the UK will double its capacity for state-backed Contracts for Difference. This obviously means it’s possible that the government could be on the hook for more than the £160m of spending announced today, depending on what happens to electricity prices. Other experts have predicted that market prices could go so low that electricity suppliers end up paying the government via this scheme – a potential situation dubbed “negative subsidy”. A spokesman for the Department for Business, Energy and Industrial Strategy (BEIS) told FactCheck that prices agreed between government and suppliers have fallen by around two-thirds since 2015. He added: “The cost of deploying 40GW of offshore wind by 2030 will of course depend on the extent of further price reductions in the offshore wind sector. “A more ambitious deployment of offshore wind could increase the costs of the CfD scheme, but because offshore wind projects can also sell electricity to the market at lower prices reducing overall electricity prices, any net impact on consumer bills will be significantly smaller.” How many jobs will be created? The Prime Minister referred to the potential for “millions̶1; of jobs to be created in Britain as part of a broader push for more green energy, but it’s not yet clear how big a role offshore wind will play in this. The government says today’s announcement will create 2,000 construction jobs and “enable the sector to support up to 60,000 jobs directly and indirectly by 2030 in ports, factories and the supply chains”. Historically, renewable energy has failed to boost jobs in British manufacturing because firms tend to use cheaper overseas companies to make the equipment. The Mail quotes an unnamed source as saying that the government will impose rules on UK manufacturers so that 60 per cent of offshore wind equipment is made in Britain, but we haven’t seen any assurances given on the record about this. A BEIS spokesman told us: “Many offshore wind components are large, and need to be made relatively close to their deployment locations. “The UK has a strong manufacturing heritage, and by creating new large scale portside manufacturing hubs, the new funding will make the UK sector ever more competitive – helping it play a full role in the delivery of 40GW by 2030, and creating and retaining high quality jobs here in the UK.” Patrick Worrall and Simon Roach
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