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TGR Tirupati Graphite Plc

15.75
0.00 (0.0%)
Last Updated: 08:00:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tirupati Graphite Plc LSE:TGR London Ordinary Share GB00BFYMWJ95 ORD GBP 0.025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 15.75 75,314 08:00:24
Bid Price Offer Price High Price Low Price Open Price
15.00 16.50 15.95 15.75 15.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 2.89M -2.37M -0.0218 -7.22 17.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:20:03 O 50,000 15.00 GBX

Tirupati Graphite (TGR) Latest News

Tirupati Graphite (TGR) Discussions and Chat

Tirupati Graphite Forums and Chat

Date Time Title Posts
08/12/202311:50Tirupati Graphite PLC 2023588
08/9/202311:28Tirupati Graphite - Specialist graphite and graphene producer 1,152
01/10/202111:39Tirupati Graphite 34
05/7/202111:43Joke18
20/4/201422:30The Official "Is Andy Moore a Tosser?" Thread160

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Tirupati Graphite (TGR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:20:0415.0050,0007,500.00O
12:51:0215.003,000450.00O
12:21:3916.30121.96O
11:57:4415.0216,6452,499.25O
11:17:4016.3024439.77O

Tirupati Graphite (TGR) Top Chat Posts

Top Posts
Posted at 08/12/2023 08:20 by Tirupati Graphite Daily Update
Tirupati Graphite Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker TGR. The last closing price for Tirupati Graphite was 15.75p.
Tirupati Graphite currently has 108,489,990 shares in issue. The market capitalisation of Tirupati Graphite is £17,087,173.
Tirupati Graphite has a price to earnings ratio (PE ratio) of -7.22.
This morning TGR shares opened at 15.75p
Posted at 01/12/2023 10:46 by pwal
A reply to TGRs latest tweet says they should be knocking on doors looking for new contracts if they wanted to get the share price to 2 quid.My Christmas would be made if the share price went to 2 quid. Maybe TGR are knocking on doors but if so they should be telling us. The share price is just going to drift without news.
Posted at 21/11/2023 10:25 by pwal
News today:According to ChemAnalyst, the price of Graphite would remain on a rising trend in the European spot market as the inventory levels in the European warehouses will stay on a lower edge. Meanwhile, the rising technological advancement from the electric vehicle sector and battery industries created a more dependent market area for Graphite usage. It's just a matter of time until the share price rises.
Posted at 19/9/2023 18:21 by mathieson84
Not really relevant to TGR.

An EGM causes all kinds of anguish which could leave a lasting dent in the share price.

A band of share holders could potentially get 5% of the vote to get an EGM but you need 75% of the vote to pass any EGM resolutions.

If 40% of the shares are held by insiders, and another large % by long term holders who seem happy enough with management, and when also considering that the majority of shareholders don't vote in these types of events, there is no change of getting anywhere near 75% so why go to the effort and further cause the BOD stress along the way harming the share price.

OR would you see a different outcome?

Remember also that losing Shashir or his team means having to build out capacity using OEM equipment from third party manufacturers. These items are much more expensive with longer lead times. I just find it crazy when people talk about removing management when they have taken us further, faster and cheaper than any other junior graphite miner outside of China.
Posted at 13/9/2023 08:16 by apotheki
Lots of de-ramping and no doubt shorting going on with lots of talk of a single digits share price but it should be pointed out that currently from a technical chart based perspective TGR are circa around the same share price levels as the previous intra lows back last year.
Posted at 07/9/2023 12:04 by hamidahamida
The bull run has ended in graphite prices back in Q1 Bear runs mostly last 2 years But TGR might not be around as they are loss making and worse still have no money and begging customers to give them money on big discounts but for how long in falling price environment CEO Poddar didn't do a placing few months back when internally things were very clear money was needed, placing could've been pulled off with 25 percent discount when share price was over 40p but he chose not too now company is on deep hole with weak balance sheet and share price is 20p.No bank is willing to lend them money.Debt Spiral Vulture finance attached to Deeply discounted placing is the the only option left
Posted at 01/9/2023 08:13 by mathieson84
Jaknife, you said the following:


The brokers have made a tidy profit from TGR, large profits have been made by the parties selling their "graphite mines" to TGR,


How do you figure that battery minerals made a large profit when they invested over $10m in capex at montepuez alone (not including admin and DFS costs), yet sold the mine for 12m shares and maybe £2m cash. Those shares today are worth £2.5m

Page 3, spent to date $13m. And that's just Montepuez, and just on capex.

hxxps://www.batteryminerals.com/wp-content/uploads/2021/08/Increase-in-Montepuez-Graphite-Reserve-1.pdf


It appears to me thar BAT require a share price of over £1 to be break even
Posted at 31/8/2023 20:56 by jaknife
FLC,

"Prepayments should avoid the need for a fundraise"

That's a statement of wish rather than a statement of fact.

If TGR are paid $900k now instead of $1,000k in a year then economically that represents a 1 year loan (at an exorbitant rate of interest).

On the other hand TGR's accounts are quite clear that TGR intends to raise equity:

"The parent company is in discussion with potential funders (both debt and equity) to raise the required funds."

A placing is coming, the weakness in the share price is probably the spivs forward selling it.

JakNife
Posted at 24/8/2023 06:31 by hamidahamida
Well mate Share Price is already down nearly 30% in last 3 weeks Only if they had done a placing prior to suspension I'm pretty sure they would have pulled it off higher price than 24.75p.Rest assured placing or death spiral loan is coming, remember graphite market is tanking and cheap Chinese are probably flooding the market with cheap price's to put likes of TGR out businessand I'm pretty sure no proper bank is willing to lend and how much more discount are you going to offer customers for pre payments on already tanking graphite prices
Posted at 09/6/2023 08:37 by hamidahamida
If in July, the Company were to report that its total production for Q1 was in the targeted range of 6,100t to 6,400t, we feel that the investment community would take great confidence in the quality and reliability of the Madagascar operations. If the Company could also report that production costs were tracking back down to $350/t, we believe that there could be a dramatic rerating of the share price.2) Debt funding secured, and announcement of next module in MadagascarThe next step in the expansion plan – without recourse to the equity markets – would naturally be received very well by the investment community.3) Completion of the acquisition of TSGThere is evidently substantial latent value in TSG. It is also increasingly apparent, from analysis of the peer group, that vertical integration is a strategy highly favoured by the investment community.We believe that the Poddar family (the controllers of TSG) would stand to benefit by completing an outright takeover of TSG by Tirupati. It would consolidate their operations, significantly increase their equity holding in the combined listed entity, and provide an easier route to funding for TSG. As a sizeable shareholder in Tirupati, the author of this report would personally be more than happy for Tirupati to pay out significantly more (in consideration shares) than the originally agreed upon £2m, to secure the acquisition of TSG – given the technological advances made by TSG since the binding agreement was signed four and a half years ago.4) Securing a dual listing on the ASX or TSESee bottom of p.9, for the two UK-listed constituents in the 16-strong peer group, being by far the 'cheapest' of the group. Were Tirupati's shares to also be listed in Canada or Australia, we are confident that the investment communities of those countries would rapidly drive a substantial rerating of the share price, given the much loftier valuations of their own domestically-listed graphite mining stocks.5) Increasing broker coverageWe believe that Tirupati is in desperate need of a greater number of analysts covering the stock, who have extensive distribution networks.More so than any company-specific news flow, however, we believe that the much-touted impending bull run in the graphite market will catalyse increased investor interest in Tirupati. Investors will be looking at the valuations of the international peer group – most of whom are not only not in production, but also not even funded to commence mine construction – and back at Tirupati's producing mines, immense resource base, and derisory market capitalisation in complete confusion.......Concluding thoughtsOur theoretical 'fair value' share prices for Tirupati that we set out on p.4 and p.7 should not be considered as our definitive share price targets. What those prices do demonstrate is how the Company could be valued, simply were it to sit in the middle of the valuation range of the international peer group.As we have attempted to demonstrate in this note, we believe that for numerous reasons, fair value for Tirupati should be markedly higher than the aforementioned peer group average-derived share price targets. That would imply an uplift of at least 6x / 500% from the current share price of 33.3p, just for the Company in its present state. In any event, we are confident that over the next 12 months, Tirupati's share price will enjoy an aggressive rerating upwards, as the Company becomes more well-known in the international investment community.
Posted at 09/6/2023 08:35 by hamidahamida
Why is Tirupati trading at such an immense discount?We believe that there have been several reasons that have compounded upon one another, that has resulted in Tirupati's share price drifting from the highs of 150p+ set in June 2021, down to the lows of 25p last month.1) Acquisition of Suni Resources took over 20 months to completeThe proposed acquisition of Suni Resources was originally announced in August 2021. Over 20 months passed before the deal was completed last weekend. There were numerous reasons for this that are now inconsequential. However, we believe that increasing uncertainty in the investment community around whether the deal – which was touted by management as being "game-changing" for Tirupati when its share price was at 110p – would actually complete, put the share price under prolonged pressure.2) Operational challenges in MadagascarBoth Vatomina and Sahamamy have been constructed from scratch and commissioned by Tirupati in the 28 months since the Company listed. This has been a remarkable feat – especially in light of the activities of the rest of the ex-China natural graphite industry, which collectively has failed to bring a single mine online in the same timeframe. [Tirupati, 2 : Everyone else, 0]Graphite mining is evidently an extremely difficult business. Tirupati has faced – and overcome – numerous teething problems during both the construction and production periods of each mine. Severe weather in Madagascar – both in early 2022 and early 2023 – has also hampered operations.Without detracting from the significant achievements of management in bringing 30 ktpa of new production online, we would highlight that production guidance set out at IPO (driven by the rollout of additional modules in Madagascar) has slipped somewhat. Again, we believe this has contributed heavily to the steady drift in Tirupati's share price.3) Failure to complete the acquisition of Tirupati Specialty GraphiteAt IPO, the Company had a binding conditional agreement in place to acquire Tirupati Specialty Graphite ('TSG') for a consideration of £2m, payable in 10 million consideration shares at a price of 20p per share. The agreement is conditional on the Reserve Bank of India giving its approval, given that the deal would be classified as an Overseas Direct Investment and thus fall under The Foreign Exchange Management Act.TSG is focused on downstream activities, including speciality graphite and graphene applications. The business had a meticulously planned out commercialisation route at the time of Tirupati's IPO, that we believe the investment community ascribed considerable value to in Tirupati's market cap after listing.In July last year, Tirupati announced that the acquisition remained pending as the regulators in India had determined that a new independent valuation report needed to be undertaken. The Company stated that it was considering a number of alternative options to continue with its downstream plans, two of which would not result in an outright takeover of TSG by Tirupati.We feel that the failure to complete the TSG acquisition has arguably been the most powerful force at work on Tirupati's declining share price.4) The London listing and a UK invest community less attuned to junior miningGiven that the writer is one of its active members, it is demoralising to write that the UK investment community simply is less attuned to – and less adept at – valuing junior mining companies than its counterparts in Australia and North America. The fact that the second 'cheapest' constituent of the peer group (based on mkt cap / TGC) is Armadale Capital, the only other UK-listed business – is validation of our view.
Tirupati Graphite share price data is direct from the London Stock Exchange

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