Tp Share Discussion Threads

[paulgo] 22/6/2018 16:40

We can't really complain about information flow from the company; TPG have given out more news than Huw Edwards over the last year.

[timojelly] 22/6/2018 11:17

Agreed, like getting blood out of a stone though.

[catch007] 22/6/2018 09:23

We have seen a positive RNS virtually every month since December and I believe we will get the trading statement issued mid July which should demonstrate further progress at the half year. Share price has been disappointing and we need a catalyst to see it tick up a notch....whether by acquisition news or new contracts to be delivered by the new partnership collaboration or the naval framework.

[timojelly] 21/6/2018 18:57

Flatlined for past month.. Time to move on, acquisitions mighty sort that..

[tiltonboy] 21/6/2018 09:51

A few bored sellers, and the buyer having completed his order = slow drift in price

[trentendboy] 21/6/2018 09:15

... again? That assumes that it was somehow going fast at some point...

Slowly does it - 10p not far off

[thebigchap] 21/6/2018 07:03

Things slowing up again!

[eastbutwest80] 13/6/2018 13:50

Thanks Bullster - really interesting video on the machining capability; I'm guessing this is the advanced machining area at Duckinfield? I doubt thats a real project though as you can even count how many baffles are on the tube bundle and I don't think the MOD or whoever their customer is would allow that but I may be wrong. Looks really good though, some good machinery and also very simple - they don't look large enough for the nuclear heat exchangers though (thats if the video is to scale)...

[larry laffer] 13/6/2018 11:45

Good point Septblues

And just to labour that if it is ACS units they receive orders for they probably don't have sufficient workshop facilities to be working on several systems at the same time. They will probably need to expand their facilities to cater for the influx of orders.

I am much in favour of that post getting the order, it is a long lead time delivery anyway so will let them have a bit of time to do so.

[bullster] 13/6/2018 11:30

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The machining concept of TPGroup in Dukinfield




SUBMARINES and more



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[septblues] 12/6/2018 21:08

If they're looking at a possible £200m revenue in 2020, given the lead times in these industries they should be responding to invitations to tenders and bidding for that work now and, given the success / failure rates (33%) they should therefore be bidding on c£600m of work.


just an observation

[catch007] 12/6/2018 18:24

I think that's very conservative indeed. Decided to just watch what happens I don't want to increase my average holding price for the sake of it, better wait for the next trading update. Lets just hope more good news continues to flow in the coming weeks.

[pavey ark] 12/6/2018 11:52

The share price is now in a strange place :
If you consider the bare facts of last year's earnings and this year's estimate then the price looks about right.
If you consider everything that has happened and is happening since last year then the share price should be significantly higher.

In a very conservative valuation (and I mean conservative) the current price values the engineering unit (maritime plus the new engineering set up) at close to £22m.

It is worth pointing out to any sellers that if they owned the entire company they would not, under any circumstances, sell this unit for £22m.

[larry laffer] 12/6/2018 11:25

Cerrito

"..........not clear to me why this was stopped"

most CEO & Chairman have built defence mechanisms against being too public with information. In a world where everything is either recorded or filmed they would fight shy of giving away one of their favourite forms of defence "I never said that.......".

Accountability isn't in their dictionary for various reasons. Look at the Carillion fiasco. Big Bonuses, money being leached out of the company and finally the workforce and small suppliers shafted to fund the administration.

I once had shares in a company who marketed more porkies than melton mowbray pies. They cleared off from the company and left all the shareholders high and dry. Whilst I don't think that is the case here I do think accountability and transparency do need to be improved right across the market. And dread the thought pay for performance not adjustments to previous share options to put them back in the money. If they don't meet the targets they set themselves then they shouldn't get the bonuses to go with that failure.

[tiltonboy] 11/6/2018 17:55

Inevitably, you will get a few sellers once the price comes off, and the MM's wont be too shy in marking them down if there is no support. There has been a decent buyer supporting the price recently, but now they have withdrawn, it is entirely possible the price will drift further, pending the next announcement.

Share prices can stay lower for longer than seems reasonable, but the market still needs convincing. When they do move, it could be quite sharply.

[catch007] 11/6/2018 17:36

tiltonboy: I was still a tad surprised to see a down tick today. After all of good news over recent months I am pondering adding a further tranche pre half year results it just seems to me a compelling case just now?

[tiltonboy] 11/6/2018 15:37

Looks like the mark of 1.3638m shares completed the buyer on Friday, judging by the softening of the share price. Cenkos have gone from best bid to cheapest offer.

[cerrito] 09/6/2018 22:45

Tday just caught up with your post and thanks and I appreciate that with just two private shareholders it is hard work but they seem to have been welcoming to you.
Larry Laffer
Some years ago I did come across AGM's being webcast but not recently and not clear to me why this was stopped.

[catch007] 09/6/2018 19:07

A further re rating would be very welcome indeed. It would be lovely to see an RNS confirming new orders from the recent partnership/French framework and keep the contract pipeline flowing. The acid test of course is to move into profitability in this financial year.

[septblues] 09/6/2018 06:44

There's every prospect that TPG will soon see a share price last seen in 2014. This is because I sense the company is able to produce PR which could lead to a rerating of the shares.

I make that a market cap of £38m which also covers the cash.

[septblues] 09/6/2018 06:38

I'm glad you brought up today's modern digital world LL.

PC made his name at Vega? by getting acquired companies to collaborate and sell each other's products or combine sales effort.

in today's modern digital world there are collaboration tools and software which make that easier and which more and more people in companies and customers are educated in and comfortable with. Admittedly the human interaction and intervention are necessary but the process and information sharing are easier and more intuitive.

Synergies in TPG should therefore be easier to achieve.

[larry laffer] 08/6/2018 16:52

AGM's should be a thing of the past in today's modern digital world.

A lot of companies now are able to set up audio conference call type meetings whereby the CEO AND Finance Director both give short presentations along with slide packs which are downloadable beforehand. Opening the meeting then to questions that are phoned in by a shareholder in real time. Works quite well for ones where I take the time to listen. Added bonus is you can easily record the whole meeting for record purposes. Which means for most AIM companies it will never happen.

TDay - that's a rather odd statement from Jeremy, was he suggesting there are a lot of TPG shares traded at some dark pool venue. So much for the level playing field known as a market.

[tday] 08/6/2018 11:10

septblues, no prawn sandwiches, in fact no food whatsoever - just ice cold water.

I agree, turnover by itself is meaningless, unless it generates a decent profit and commensurate positive cash flow.

One other thing I learned at the AGM, was that the level of trading in TP shares is far greater than appears on ADVFN - or so I was told by Jeremy W-A, a non exec director.

[septblues] 08/6/2018 09:20

Thanks TDay for the report and attending the AGM

"the target turnover of £200m by 2020 is apparently still achievable"

to me, the important thing is not target turnover but target share value. it depends how much capital they expend to reach that turnover.