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TPG Tp Group Plc

2.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tp Share Discussion Threads

Showing 3076 to 3099 of 10650 messages
Chat Pages: Latest  126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
21/5/2018
16:44
timojelly: I thought the fund raising was being carried out initially with a specific target(s) in mind as it was a significant cash amount. I am encouraged to an extent that TPG appear to be so stringent on the quality of business that they wish to acquire and it must be a good fit for the strategy....I remain hopeful they will buy such a company in due course which is earnings enhancing and builds the overall capability of the group.
catch007
21/5/2018
11:16
I think this acquisition money should be returned if not put to good use soon.
timojelly
16/5/2018
13:28
The presentation is highly impressive. Everything seems in place for the company to make real progress including the recent Director appointment who has the right credentials and contacts. Most of the cash raised was actually ear marked for acquisitions so it would be good to see some movement on this front in due course. I do understand the requirement to support organic growth and build capability as being very important especially if TPG can lock down further significant orders which now appears very likely. Markets are always irrational however I don't see any significant barriers to a further uptick in share price ...at Christmas I forecast around 8.25p end of June which may or may not be achieved however longer term the value will be realised way above this level IMHO. GLA (bullster ty for the link very much appreciated)
catch007
16/5/2018
12:20
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Pavey Ark,

Like the new "Clean Room" at Manchester, surely an addition not mentioned before.

(begs the question, what are they assembling that requires a CR)

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bullster
16/5/2018
11:50
My impression is that the money is there and they can act quickly IF the opportunity arises.
Everyone in the industry will know that TPG have upwards of £25m to spend and they know where to find them but TPG have made it clear they are not going to overspend.

My view is that the two acquisitions and organic growth within the company are more than enough to be going on with.

The money will be spent but it may take longer than most investors (and the TPG management) originally envisaged.

It must be remembered though that some of the cash raised was always earmarked for development and expansion of the existing unis.

pavey ark
16/5/2018
10:02
Bullster,

Thanks for the link; it certainly makes interesting reading. If they can execute on their plans, then no reason the share price can't be a multiple of this.

tiltonboy
16/5/2018
09:42
The shares seem to have found a higher base. Normally any rally has been sold into, but any stock that has come out seems to have found a home. Further news could see it pushed higher.
tiltonboy
16/5/2018
08:45
.
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Pavey Ark,

I was on the website last week and didn't see it, think it's fresh.

Indeed well worth a look, here is a quick link:




This is definitely new under :Aerospace: Started to work on European space programmes

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bullster
16/5/2018
07:16
I don't imagine that this is new to the TPG site but I've just had a look and it is quite impressive.

Investors...... Financial Publications....Results Presentation.

I found it more interesting than the Annual Report.

For example : Equipment installed in over 100 submarines
Over 60 possible new submarine worldwide
Establishing a US presence

Worth a look.

Edit: the reason I missed this is that I mistook it for the usual Results RNS
This must be the presentation made to the city after the results were out but they don't usually put it on their site.

pavey ark
14/5/2018
06:55
Re: BBC website today.

Seventh Astute submarine to be announced today.

Close to a billion for the Dreadnought programme, total £2.5 billion.

pavey ark
13/5/2018
12:36
The contractual news flow has been excellent and the order pipeline is very healthy. I anticipate a very upbeat trading statement in July as trading seems very strong and loss making units are now making progress. There must be an acquisition at some point this year putting some of the cash pile to work and building business capability, the Polaris contribution should also become visible. We have seen a nice uptick in the share price since it was bobbling around 5p however I am hopeful of further upside in the coming months. GLA
catch007
11/5/2018
22:00
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TY, PA.

The centre was initially designed for the production of high-specification heat exchanger tube plates, required for a major nuclear power project won in 2016. The company’s project director, Darren Sadler, comments: “The combined capability of these machines is ideal for the production of physically large and highly accurate workpieces. These are predominantly in titanium as well as other exotic/hardened materials, and with tolerances within 0.2mm, they are fit for nuclear engineering clients throughout the world.”
(more)





----------------------------------------------------------------------

Darren Sadler



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bullster
11/5/2018
19:34
Article on their web site concerning TPG's new AMC.

The old engineering unit has been a substantial drain for the past few years so if they could break even sometime soon the bottom line would show a great improvement.

pavey ark
11/5/2018
14:31
Call in Elon Musk
septblues
11/5/2018
11:31
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Although the price of gas was never the main driving force for bringing the downhole gas compressor into being, it does help.

Getting the DGP over the last 10% of the threshold is probably a task that TPG will shy away from, using their own money that is.

On that sunny day in Texas when the string of DGP's was lowered down the gas well, expectations where running high.But alas, two and a half hours of faultless operation came to a sticky end.Over the running time the unanticipated solids in the gas began to deposit themselves on the rotor blades and in the flow ducts causing the head compressor to clog up first.

There is a solution to getting over that threshold to impeccable reliability but the cost is an undefinable quantity that is difficult re- encounter given the last experience.

Passing the end development on to a partner, brave enough to take the challenge, may be just one solution.

At least we don't need to rely on it, now.

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bullster
11/5/2018
11:24
Septblues

If they haven't pushed on with development of the downhole compressor from the last version Its hard to see any new application/project coming to fruition. much as we would welcome a positive development and access to a massive market. TPG are probably in no position now to take advantage of it.

we are too far down the existing business model route to start picking up where they left off. Good job most of it is pateneted tho.

larry laffer
11/5/2018
06:57
with oil and gas prices going up as a result of Iran's position we might see the case for a downhole gas compressor coming back
septblues
09/5/2018
05:53
seems to me to be a replacement for Kings, and used to dealing with larger contracts and therefore a bigger business outlook than perhaps Kings had
septblues
08/5/2018
17:16
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Norwood commented: "I look forward to working with everyone at TPG in a range of new and exciting business areas that will make the most of the Group’s fantastic capabilities and heritage.

I know of many emerging opportunities that TPG is perfectly poised to work on, and will do all I can to make the necessary connections and to build the business both in the UK and overseas.”

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bullster
08/5/2018
16:10
He appears to be bringing a lot of experience and contacts.
timojelly
08/5/2018
15:33
https://www.tpgroup.uk.com/about-us/news/2018/05/james-norwood-joins-tp-group-lead-corporate-development/
timojelly
08/5/2018
07:19
steve3sandal,thanks for that.
Couple of points that I'm not clear about though.

We can't be sure about the date of the piece but the 30 times p/e falling to 15 "next year"certainly is worth looking at.

The most recent house broker figures (April) give EV/ PBT of 14 for this year and 9 for next year.
These figures are based on year end cash and the £47m market cap from above article.
(I would take issue with the brokers figures and would expect a 10-15% upgrade at the interims.)

“He’s taken some slightly average businesses and improved the customer service by investing quite hard in the quality of the plants and the organisation of the business,”.....hmmmm.....he bought the Wellman Maritime business which is a billion miles from average !!

All in all the article is positive for TPG and I certainly agree with the "momentum " comment.

pavey ark
06/5/2018
17:02
Article on Morningstar from 4 May, nothing we don’t already know but good to know Gervais Williams is on board, I hold MINI too.

TP has less exposure to the oil price, as only a small part of its business is focused on the maintenance and replacement of downstream refineries. Its main area of interest is defence, where it services submarines and military helicopters.
The share price began its decline well before the oil price collapsed. It fell from 85p in early 2018 to trade around 10p near the end of the year. Having recovered to 57p by mid-2009, shares currently hover narrowly above 6p.
The wasn’t particularly well managed previously, according to Gervais Williams, whose Miton UK Smaller Companies and Miton MicroCap (MINI) funds both have stakes. But chief executive Phil Cartmell has done a good job in turning the firm around.
“He’s taken some slightly average businesses and improved the customer service by investing quite hard in the quality of the plants and the organisation of the business,” Williams says.
As a result, the order book is now much stronger and margins on those order look attractive. Meanwhile, sales are improving and it has cash on the balance sheet equivalent to half of its £47 million market cap.
That’s likely to be used for acquisitions, of which it made two last year. While its excess capital will be deployed in time, Williams says Cartmell is selective, noting he’s already walked away from one deal this year.
“He’s not turned it round enormously in share price terms, but he’s doing all the right things as far as we’re concerned,” Williams adds. “We think there’s plenty more upside… but we’re not in a hurry.” Williams says he initially bought shares in February 2017, added to that in July and also bought more last month.
Taken at face-level, the price/earnings multiple “doesn’t look that attractive”, but it’s artificially high due to the cash on the balance sheet. Net that cash off and it’s on around 30 times, falling to 15 times next year. That “doesn’t look disgustingly cheap, but we think the momentum will continue to build in the business”, says Williams.
He expects the firm to become a “very nice, profitable business that generates cash and surprises people in due course on the upside”.

steve3sandal
03/5/2018
18:01
More stock drifting into insti hands?
timojelly
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