Tge Marine Share Discussion Threads

[andrbea] 18/9/2009 12:57

starting to tick up

[andrbea] 08/9/2009 09:04

don't know

think the last broker note gave a target price of 34 pounds

[fredhoyle] 08/9/2009 09:02

with a market cap of £29 MM and free cash of £15.9 MM (£13/share) implies a value for business of only £13.1 MM- doesn't seem right for a profitable co. like TGE. Anyone know likely 2008/9 earnings?

[andrbea] 01/9/2009 12:16

I always bought & sold via share centre

online no problem.

small quantities though

[kiwi10] 01/9/2009 12:12

stock generally hard to get hold off and usually small multiples....you will probably have to go through a dealer by phone to get any quantity....must remember only just over 1 million shares in issue....regards

[pelleeds1980] 01/9/2009 10:00

Good find andrbea, nice to see some positive news here. Are you able to trade these online as per my posts above?

[andrbea] 01/9/2009 09:52

from website (Aug 27th)

[rolo7] 14/8/2009 22:51

I expect the mm want more control of where who the shares go to and that easier to do over the phone then online if that make sence. Less the 2 million shares in issue.

[pelleeds1980] 14/8/2009 12:15

Just asked them on the web chat: hes said

The stock is not suspended and you can trade, however you cannot obtain a live price, if you wish to trade you will need to call us on 08457 22 55 25

Questioned him why and he said:

It is the Market Makers decision and we cannot override them, I cannot say if the stock will be available for live prices in the near future

[helpermonkey] 13/8/2009 21:27

rolo7 - had this problem with halifax on PCI. I phoned them up and they said it was suspended. I said it wasnt and after a long wait it was rectified and i could trade online....is it the same thing?

[pelleeds1980] 13/8/2009 15:53

I already bought them thats my point! Showed as if they are suspended (i.e. a number instead of the EPIC)..

Ill have to find out from them what the story is

[rolo7] 13/8/2009 15:51

I could not trade them in a halifax share dealing account also they said not allowed to place orders. In a Share.com account you can trade i think.

[pelleeds1980] 13/8/2009 08:40

Not showing as tradeable in my share account whats going on here? Ive got them with Halifax

[andrbea] 24/7/2009 12:46

Shares Issued 1.22m
Market Cap £29.82m


(source D-igital Look)

[soft t] 24/7/2009 12:40

anybody know how many shares in issue, cant be just 500k can it?

[andrbea] 24/7/2009 09:57

Engineering services firm TGE Marine said it is now seeing increased levels of new build enquiries from clients and expects the market to start to recover during the forthcoming year.

[kiwi10] 24/7/2009 08:30

we seem to be ticking along nicely again this morning

[andrbea] 23/7/2009 16:31

price target:

TGE Marine (TGE, 1800p, £21.91m) Trading update for the year to June 2009 from the supplier of engineering services for the design and construction of gas carriers and offshore units is worrying with no major contracts for small or medium sized semi-refrigerated gas carriers signed in the 12 months to June 2009. However there remains a healthy replacement cycle for old gas carries that is leading to an increase in enquiries. Results are expected to be in-line for the year ending 2009 and the outlook for 2010 and 2011 is boosted by 21 existing contracts for small/medium-sized ethylene and LPG ships. The company remains with significant net cash balances. Forecasts for the year ending June 2009 are for pre-tax profits of £10.98m with 664p EPS, putting the group on 2.7 times. At the end of June the group reported net cash, excluding customer restricted cash, of €18.5m or £15.9m. The rating is clearly too low and should surely be closer to 6 times – which implies a price target of 3984p, BUY.

[andrbea] 23/7/2009 12:06

good point Fred

[fredhoyle] 23/7/2009 09:46

no debt and sizeable cash pile- 25% rise today on update but still trading at 20% discount to cash value, therefore nothing for the business! seems it got massively oversold

[andrbea] 23/7/2009 08:40

large trade
192k in pounds (vol 10.7k at 18 pounds)

could be a buy I suppose

[kiwi10] 23/7/2009 08:11

amazing....couldn't sell any yesterday without going to dealer...bit different this morning....i thought it was a good update....regards