Tekmar Share Discussion Threads

[shallwe] 21/8/2018 10:18

Keeping it in the family I see.

[imperial3] 21/8/2018 08:51

Certainly this company is in a growth area.

[modform] 21/8/2018 08:20

Looks like a pretty good move by the company, to become a niche player in the fragmented sector

[ramridge] 21/8/2018 07:44

Nice acquisition. Hope it provides better visibility of this company to new investors.
It looks poised for substantial growth over the next few years.

[jonwig] 21/8/2018 07:17

Acquisition of Subsea Innovation:



I guess this was planned right from the start! If they make £0.5m profit in 2019, it will have been bought at 10x earnings (or 8x assuming tax losses absorbed).

Nice website here:

[petewy] 18/8/2018 16:37

The FT wrong? You can't be suggesting this.
Next thing we'll be giving away the colonies.

Is Tekcare a big company.

[aishah] 17/8/2018 18:41

So don't rely on FT then, Doh! Have a good weekend

[petewy] 17/8/2018 17:50

I know that AISHAH it's above in Jonwig's heading. Duh Read the board.

[aishah] 17/8/2018 17:36

Major shareholders:

[petewy] 17/8/2018 17:25

The FT ref below shows no major investors.


Contrary to Jonwig's heading.

[imperial3] 08/8/2018 21:44

A trade after hours of 218,781 shares at a price of 160p,which looks like a buy.Interesting.

[shallwe] 29/7/2018 13:04

I wouldn't call a takeover fanciful, although I think it maybe long term rather than short or mid-term.There aren't that many AIM companies out there that tick all the boxes, but this one does it for me along with SEE and ELA. Both steady risers, the same way I see YOU going.

[jonwig] 29/7/2018 11:42

The subsea (O&G) division was founded in 2014 and forms currently 16% of revenues.
An article in today's FT:

Green shoots of recovery for North Sea oil and gas



It may be fanciful, but I see this company taken out before too long (and founder interest is now small). Oil majors and service companies are moving into renewables (BP has bought up Chargemaster, for example) and Tekmar covers both O&G and offshore wind.

[shallwe] 28/7/2018 10:18

One positive is that TGP operate and are market leader globally. Three are many countries where energy costs are far higher therefore wind power comes into its own.

[jonwig] 28/7/2018 10:03

@ shallwe - Cenkos will be covering, I guess, as they are the NOMAD.

@ gerihatrik - you're right in principle, but I've read that offshore wind is borderline profitable without subsidies and costs are constantly falling. Also the supply chain for an offshore farm is very long and I doubt anyone (UK, EU, etc.) will pull the plug at short notice. They did with EAGA though, remember!

[gerihatrick] 28/7/2018 09:46

This is written up in Moneyweek P34 and makes the statement that "with the cost of producing offshore wind now roughly on par with extracting fossil fuels, demand for this clean source of fuel is sure to keep growing".

What it fails to mention is that the demand is only as a result of the subsidies for windpower and back up at £270 per household. The market price is £45/MWh while the offshore facilities are guaranteed between £133-£166/MWh.


Smart Metering Systems have done well with their installations but the recent government enquiry questions the cost/ benefits and Drax is fully dependent on subsidies for its wood pellet furnaces where the benefits are also under debate


I am concerned about investing in companies which are totally dependent on government subsidies. Having said all that Smart Metering systems has done well; Drax has done OK and TGP may well be a successful investment!

[shallwe] 28/7/2018 09:10

That sounds a useful broker not. Are there any other brokers covering TGP as I haven't come across any.

[brucey6onus] 27/7/2018 09:52

Berenberg initiated coverage of Tekmar Group Plc with a recommendation of buy.
PT set to 2 pounds, implies 21% increase from last close

[aishah] 27/7/2018 09:52

Berenberg initiates coverage with a BUY and 200p target.

[imperial3] 24/7/2018 15:54

Somebody has just bought 26,250 shares.Must be confident.

[imperial3] 24/7/2018 09:58

They are selling into an expanding market,and this bodes well for the future.

[brucey6onus] 24/7/2018 09:54

Thanks Jonwig

[jonwig] 24/7/2018 06:35

@ shallwe - thanks. The Telegraph has an article:

More than half a billion pounds worth of financial support will be up for auction over the next decade under Government energy plans which could mean ­that almost a third of Britain’s power is generated by offshore wind turbines by 2030.

Energy minister Claire Perry is ­expected to announce today that after a 10-year period of progress in the ­offshore wind industry the Government is ready to offer another decade of certainty to developers.



So if Tekmar gets embedded in the business, that's twelve years of earnings transparency.

[shallwe] 23/7/2018 21:13

Heard an announcement on the radio this afternoon that the government is starting up the wind farm subsidy auctions again. Should be good news for TGP, although more to the future than right now. May help the share price once people do some deeper research and discover this gem.

[petewy] 23/7/2018 17:11

Thnks Jonwig