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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tp Group Plc | LSE:TPG | London | Ordinary Share | GB0030591514 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2.20 | GBX |
Tp (TPG) Share Charts1 Year Tp Chart |
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1 Month Tp Chart |
Intraday Tp Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 16:20 | TP Group plc | 10,393 |
| 10/2/2023 | 14:10 | TP Technology | 270 |
| 17/12/2019 | 09:05 | TP Group (formly Corac) | 16 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 26/4/2024 16:20 by marktime1231 Wondering how TPG are getting on, Science Group acquired the 72% it did not already own for £17.5M cash in January 2023. SAGs recent results said former TPG entities contributed £44M revenues in 2023, about half of which was from the submarine air scrubber business. |
Posted at 31/10/2022 13:05 by catch007 thompsonminor: Absolutely, Stroud should be held accountable as FD. He will be leaving as per offer document; 'Science Group anticipates that Derren Stroud (Chief Financial Officer) would remain in his role at TP Group until the middle of 2023 to effect a smooth transition into SG Group and to complete the TPG Group's statutory audits'. He has been complicit in shareholder value destruction failing to declsre material facts (along with other bod members).I had roughly figured 2p take out price so given the additional 0.25p institutional sweetener was near enough. SAG imho is still getting a good deal here, every trick played to reduce value and share price however the underlying businesses still hold value. At least closure now in sight. |
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 27/10/2022 14:07 by fat00mch Kwizza and Orange clearly done a bit of digging - I'd done the same.Expensive auditors. Also, LucyPear, ex TPG employee?? - first post ever yesterday, with the share price under 1p |
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 17:18 by thompsonminor You've got to wonder what's going through the minds of the big shareholders like M&G and Cannacord Genuity.We know that Cannacord have a bigger slice of SAG (£29.6m) compared with TPG (now worth £1.1m) so, no doubt, Ratcliffe will look after them. But you have to ask what M&G are doing still holding onto their 146.3 million shares. Not only has their influence and reputation been eroded, but they must be sitting on a loss of £8.8m. The last time they offloaded any shares was 7 May 2019 (when share price closed at 7.425p) but retained 146.3 million. Sure, they can "lose" that loss in their accounts because they're so large, but by comparison it makes L&G the smarter of the two, and that's not something I thought I would ever say! I must admit, I'm tempted to jump in again at these prices because I can't see the situation getting any worse, and SAG will pay a premium on whatever the share price is when their lockout term expires in late August. |
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 11/2/2022 08:17 by pavey ark Off to a funeral (appropriate ...I know).I am , like any number of others, very angry at this fiasco. It is easy to make the wrong investment decisions with any share but I feel that it was always very reasonable and sensible to consider Maritime to be the solid core of this company. "Legacy contracts "...."long term liabilities"??? Even more recent questions to be answered regarding the recent board and the seeming lack of awareness of the problem. If I can find any positives on Maritime is that they have a large number of contracts and contacts.....a large number of navies are reliant on their services/knowhow. SAG are running the show and are not really interested in Maritime so it could be a "kitchen sink" job......further trash the TPG share price .....buy the remaining shares and have a much cleaner Maritime unit to sell !! At this price the Maritime unit has a negative value....perhaps it should have. Must go. |
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