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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tp Group Plc | TPG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.20 |
| Top Posts |
|---|
Posted at 23/12/2022 19:05 by catch007 Life is good at TPG:Only one group missing SHAREHOLDERS! 'Wishing our TP Group colleagues, partners and customers a well deserved break during the festive season, and a safe and healthy new year. Many thanks for your support over the year and look forward to seeing you in 2023' |
Posted at 31/10/2022 11:16 by varies boll,Thank you for giving us a figure for the total cost to SAG of buying TPG. This certainly looks an unrewarding investment so far and it is hard to see much value in TPG until the maritime contracts are worked out. SAG did very well out of FST and has the resources to turn TPG round. Even so, I expect that Mr Radcliffe and his colleagues rue the day that TPG came into their sights. I have a respectable holding in SAG and a modest holding in TPG. I shall be glad to bid good'bye to the latter. |
Posted at 28/10/2022 15:10 by fat00mch Nothing is hidden - half year results were an improvement.The general economic outlook is a concern, investors spooked - needing/preferring to be in cash/cutting losses. TPG Services growing nicely – revenue up 14%, profit up 66%. Maritime even showing a slight profit despite onerous contracts weighing. Westek performing. Refinancing is the dark cloud. 2021 TPG Services – Revenue £25.8M, profit £2.3M Maritime – Revenue £18.5M, loss of £2.5M H1 2022 TPG Services – Revenue £14.3M, profit £1.5M Maritime – Revenue £10M, profit of £0.3M Westek Performing profitably again – looks like pre tax profit of £375k for H1 2022. Pre-pandemic figures for Westek: H1 2020, £0.2M profit on revenue of £1.8M, FY2019, £0.6M profit on revenue of £3.9M. Currently held as an asset for sale, and discussions continuing with a potential acquirer. |
Posted at 17/10/2022 12:25 by catch007 Paulgo: I started to take a look at the potential value offered by SAG takeout however I stopped immediately I saw that Stroud holds all key posts in TPG (source Morningstar). He was wholly complicit in all the dubious practices of the previous board and should have been fired over the scandalous TPG Engineering Ltd debacle. His continued involvement is a red flag.Instead, I have deployed some capital into two bombed out investment trusts with yields 9%+ and NAV discounts which still high risk offers a better return to my portfolio. |
Posted at 22/9/2022 11:46 by fat00mch TPG Services growing nicely – revenue up 14%, profit up 66%. Maritime even showing a slight profit despite onerous contracts weighing. Westek performing.Refinancing is the dark cloud. 2021 TPG Services – Revenue £25.8M, profit £2.3M Maritime – Revenue £18.5M, loss of £2.5M H1 2022 TPG Services – Revenue £14.3M, profit £1.5M Maritime – Revenue £10M, profit of £0.3M Westek Performing profitably again – looks like pre tax profit of £375k for H1 2022. Pre-pandemic figures for Westek: H1 2020, £0.2M profit on revenue of £1.8M, FY2019, £0.6M profit on revenue of £3.9M. Currently held as an asset for sale, and discussions continuing with a potential acquirer. |
Posted at 15/8/2022 10:52 by fat00mch Well put - thompson. Lots of gnashing of teeth an wailing as usual.Previous TPG management mishandled Maritime contracts - then tried to cover it up by selling it off. Anyone doing their due diligence when looking to buy Maritime would have unearthed those onerous contracts and any offer would have reflected that. Far from trashing TPG, the RNS contains many positives: TPG Services “TPG Services has adapted well to the increased commercial rigour with a good management team operating as a disciplined, process-driven organisation. This growing, profitable business continues to strengthen its position as "Customer Friend", aligning with the end user.” “Revenue through to the end of June 2022 is in-line with management's expectations and the Division continues to operate profitably with actions to improve operating margins being successfully implemented by the management team.” Maritime "....despite the near-term challenges TPG Maritime remains a leading provider of critical systems to its core market and has considerable potential opportunity in the longer term." Stress test "The directors have reviewed the Group's overall position and outlook in respect of the matters identified, including the scenarios noted above, and are of the opinion that there are reasonable grounds to believe that the operational and financial projections are achievable, and that the base case budget provides insulation to a plausible downside scenario. Accordingly, the directors have a reasonable expectation that the Group will have adequate resources to meet its obligations as and when they fall due for the foreseeable future and are satisfied that it is appropriate to prepare the financial statements for the Group on a going concern basis." |
Posted at 25/7/2022 19:07 by catch007 Snippet taken from SAG results announced today:Science Group is the largest shareholder in TP Group plc ('TPG') owning 28.0% of the issued share capital. It is actively managing its investment, with two seats on the TPG board including Chairman. The Group has not included within its H1 2022 Income Statement a share of TPG's results as it is not considered to be material for this half year period. As announced by TPG, the restructuring of the business is progressing with disposals of non-core business activities. Within the core operations, TPG Services continues to perform satisfactorily but TPG Maritime has been impacted by onerous legacy contracts which have resulted in substantial provisions having had to be taken (including prior year adjustments) and contracts now being renegotiated. |
Posted at 28/6/2022 15:08 by fat00mch Agree with you thompson - only reason Stroud is still on board is because he knows where the bodies are buried.So, despite the onerous contracts which hang over Maritime, TPG services continue to perform well: 2020 revenue, £19.9M, profit £4.3M 2021 revenue, £25.8M, profit £6.7M 2022 revenue and profit AHEAD of 2021 “TPG Services (including Osprey) is operating in line with the Board expectations and AHEAD of the prior year. “ With regard to Maritime, despite the onerous contracts, there was still a profit of £0.8M in 2021. And the outlook statement is (purposefully?) vague in that it says below expectations – yet no view on what those expectations actually are, is it AHEAD or BEHIND the prior year. There will be a cash inflow of £2M once the sale of Sapienza completes, which will be used to pay off some of the outstanding HSBC debt. TPG has had no need to draw on the additional £5M facility offered by SAG. In 2022, without all of the baggage, TPG H1 results could like quite rosy in comparison. |
Posted at 10/5/2022 14:34 by fat00mch Looking through SAG 2021 Annual report issued alongside full year results for 2021Page 9 “The Group commenced on-market purchases of shares in TP Group plc (‘TPG’) in August 2021, increasing its holding to 28.0% at 31 December 2021. Prior to 13 October 2021, the Group accounted for the TPG shareholding as a financial investment, recognised at fair value on the balance sheet. On 13 October 2021, when two Science Group plc Directors were appointed to the Board of TPG, the Group started to account for its holding in TPG as an associate under the equity accounting method. TPG has not released its results for the period ended 31 December 2021. A loss after tax of £1.1 million has been included within the Science Group Income Statement, which is an estimate based on TPG reported information and public statements, proportionate to the Group’s 28% shareholding and the duration for which TPG was accounted as an associate” Page 16 of the PDF shows unaudited loss of £17.5M for TPG for 2021 |
Posted at 16/12/2021 19:58 by buywell3 buywell always listens to both sides of the storybuywell3 - 01 Nov 2021 - 20:31:06 - 9853 of 9950 TP Group plc - TPG Will TPG now Delist ? As the financial situation is plainly not good, a read of the RNS tells you that with words and phrases like : TPG remains BROADLY in line with market expectations and in compliance with banking covenants. Note the meaning of the word BROADLY broadly - without regard to specific details or exceptions Certain payments have been phased and deferred to assist cash flow through Q1 2022 1) These include the deferred consideration related to the Osprey acquisition 2) Advisor fees 3) The payment to the former CEO Plus TPG have incurred exceptional costs totaling £2.1 million A) These include, £0.5 million related to the June 2021 termination of the former CEO B) £0.5 million in relation to the corporate defence in August/September 2021 C) £0.8m associated with the Osprey deferred consideration. D) Further exceptional costs will likely be incurred in the current year. E) It is anticipated that impairment of goodwill and intangibles may be required. The above gels with the "BROADLY" word above --- imo The newly appointed Chairman of the Audit Committee will conduct a thorough review of the Group's balance sheet along and accounting policies, including revenue recognition and R&D capitalization. The Board is aware of a number of legacy contracts which are proving challenging and provisions may be required in order to address these matters -------------------- buywell opines that more nasties will likely be discovered , TPG are struggling with cashflow if you read the RNS without wearing pink spectacles like rampers always wear Usually a company that is in trouble , raises cash via a new share issue --- but TPG have done this route so many times that longer term bigger holders are imo unlikely to cough up yet again SAG might --- but at a price which will reflect the above costs/writedowns to come/new nasties/other costs incurred as a result of the failed defence 3.5p might be a goer imo --- otherwise SAG could seek --- as the biggest TPG shareholder --- to get the BoD to consider delisting imo --- they could get the vote required to do so also imo Does the team think a delisting would suit SAG and certain major shareholders of SAG and TPG ? SAG are driving the bus you see now buywell trusts dyor |
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