Tp Share Discussion Threads

[opodio] 16/11/2017 21:53

4p next support

[swiss paul] 16/11/2017 21:49

It was a small contract hardly worth the RNS.

[larry laffer] 16/11/2017 12:50

Analox

I can't see a purchase would do TPG any good. For the very few they require they could probably buy in the sensors etc cheaper than making their own. And they can always buy the ground breaking stuff rather than lag behind the competition. Getting certification for the instruments would be prohibitive. Surely Cartmel has some good contacts in this field anyway.

[bone apart] 16/11/2017 12:09

Whatever the company's merits, share price is dull as too much was hinted at
& nothing of real not has happened, for whatever reason.
I still hold half of what I had & done better with other shares in the meantime,
which to me is what it's all about.

TPG is a patience guzzler!

[trentendboy] 16/11/2017 08:26

The fear, my guess, if general defense cuts in the UK. YUK spends less, less goes to TP group.

Globally though I suspect demand will stay high

[qackers] 15/11/2017 18:52

AIM shares including this one have a habit of drifting lower between news. The market is nervous at the moment.

Keep Calm and (fill in your own wish list)

[pavey ark] 15/11/2017 17:25

I don't post here very often and until the contract news yesterday I had posted only four times in the previous eight weeks.
As I would rather not repeat myself and appear rather manic I will make this my last post until we get more news.

Regulars will remember that about two years ago (a little less) I pointed out that the submarine business was worth £30m (how the trolls howled!!).
Today the Maritime Unit is worth at least £45m of anyone's money and if you can't work that out its time to look to a nice investment trust for your cash.
TPG has c. £28m cash.
The MS and D&T units have been merged and expected to move into profit in H2
Engineering is being totally revamped and after some serious cap ex the losses are falling substantially.

£28m + £45m + £4m (MS unit) + £0 Engineering = £77m or 10p/share

All of this with the addition of substantial further upside in the near future.

Although I have a larger holding here than perhaps I should I could not resist a little more today !!

Regarding the acquisitions ,I think that when the first deal is done the other companies may feel a bit of pressure to sell before the cash has gone,especially as they may find themselves out of the loop as Preferred Suppliers to the MoD.
Wonder if Analox is on their list ?

[larry laffer] 15/11/2017 12:53

fror every seller there is a buyer.....so someone took a few in at rock bottom prices.

unless it was TDW who don't seem able to obtain best prices for any order as they concentrate too much on lowest exchange fees.

[pavey ark] 15/11/2017 10:30

As far as the background to yesterdays announcement here are my thoughts and they may be way,way, out.

This is a defence contract but from a government agency.

If from TPG's French or German customers it would have come directly from the company.

I don't know why but "overseas" suggests Far East to me (??).

The South Korean navy has 9 type 209 submarines from Germany and they can be retro fitted with AIP, indeed I think one order has already been placed.

I think that this could be the Korean defence agency paying upfront to have the TPG systems tweaked, adapted for their boats.

Lots of guesswork and supposition but gives some idea of how significant I think yesterdays announcement was, even if I was the only one to think it was important.

One final point.
This could be an indication of the very strong position TPG maritime finds itself in.
Why doesn't this defence agency simply order the equipment and let TPG get it to fit/work at their expense with the promise of further orders down the line?
I've no doubt that this £770k will get "lost" in discounts on further orders from this customer (especially if they order 9 sets)but TPG can obviously say that they want cash up front and then they'll talk.

[kiwihope] 15/11/2017 10:22

For goodness sake. Talk about cash burning a hole in the proverbial pocket.

I have about 30-40% of my portfolio in cash and it has been that way for longer than TP have had their cash! Sometimes you just have to be patient and wait for the right opportunities.

We don't know any detail of what's going on (and I wouldn't expect to). It maybe possible acquisitions have fallen through over price, etc. We don't know.

Patience...

[timojelly] 15/11/2017 10:13

'The Directors have identified over 20 potential acquisition opportunities and have entered discussions with ten. All targets are intended to be accretive to earnings in the first full year following acquisition and cash generative -- The Directors anticipate that the first acquisition will happen during the second half of this year and that the remainder of the net proceeds identified for acquisitions are expected to be deployed within 12 months following Admission '6 months later, £30M still in the kitty, no acquisitions. THAT is the issue here.

[pavey ark] 15/11/2017 09:48

(Ah,I was getting worried about our old troll but there he is lurking in the shadows, bitter,broke and friendless but hey-ho life goes on.)

LL, I don't mind anyone shifting some cash about but the lack of response to yesterday's announcement was very strange.
Was away all day yesterday when I got home I couldn't believe the flat share price and lack of enthusiastic comments.

This morning I expected things to warm up but instead we had a seller and a share price drop.

As our "thumbs down" troll will no doubt remember I pointed out at some length how the share price was ridiculously low at 3p but for everyone else here I must say that, in my opinion, the current share price constitutes an even bigger bargain.

[larry laffer] 15/11/2017 09:27

own up who is offloading their smallish holding

[larry laffer] 15/11/2017 09:26

SP taking a bit of a bashing this morning.

[pavey ark] 15/11/2017 09:23

In Monty Python when things got out of hand we would get a voice over (John Cleese)saying something like "right now,this is getting silly".

I think we slipped into the surreal this morning.

In the spirit of ....I will state the BLEEDIN OBVIOUS....the entire business (less cash) is now being valued at £17m.

[rolling ronnie] 14/11/2017 12:47

It was released on RNS Reach

[dogboy] 14/11/2017 11:40

They did, just hasn't shown on ADVFN.

[timojelly] 14/11/2017 09:48

I think they should RNS this sort of win.

[kilgallp] 14/11/2017 09:39

Thanks for the link RR, I couldn't see the RNS!

[rolling ronnie] 14/11/2017 09:29

hxxp://www.tpgroup.uk.com/investors/rns-news/2017/11/770k-defence-contract-award/

[pavey ark] 14/11/2017 08:13

Strangely enough I spent some time last night looking at AIP,its use,potential and possible impact on TPG.
While all eyes (mine included) have been fixed on the fundraising and acquisitions I think that this development is very highly significant for TPG.
A quick "Google" will show the scale of uptake in this technology worldwide and there is the added bonus of the TKMS(an existing customer ) offering retro fits to existing boats.
(cut the hull open slide along and insert a new section)

[pavey ark] 14/11/2017 07:24

Looks like an AIP research contract just in.
£770k but highly significant in terms of future revenue.