Tp Share Discussion Threads

[timojelly] 03/9/2018 13:29

It's gone very quiet at tpg.

[pavey ark] 23/8/2018 09:27

" Due to the continued expansion of our well established defense engineering business"
Above is from a recent job advert.
Given that the Maritime unit made anjusted EBITDA of £5.7m last year and the orders have been pouring in this year I may have to up my guesstimated value for this unit ( currently at £50m).
I have a long history (almost three years) of putting a value on this unit and if anything I've undervalued it.

Anyway, with the mad right wingers (right wing even for the Tory Party)seemingly in charge and the Labour Party disappearing up their own backside that cash pile is looking very nice, comforting and perhaps handy.

[luzley] 22/8/2018 20:02

As usual substitute t for X in the http

[luzley] 22/8/2018 20:01

Cerrito - The new facilities at Dukinfield were on display in February as they were opened by the mayor. No sensitive material was present at the time as it was just post commissioning. Relevant info is freely available as is conversation and observation.

hxxps://connect.f4n.namrc.co.uk/profiles/tpg-engineering-ltd-dukinfield

hxxp://uat.webfg.com/news/aim-bulletin/tp-group-officially-opens-new-advanced-manufacturing-centre--3129350.html

Bullster - agree with your observations.
These may be useful - kind regards

[bullster] 21/8/2018 15:34

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I really should have gone back and re-read the RNS about the Micropore inc. tie up, on my quest for understanding



micropore-inc/?rns=1

On reading the comments of both companies Chief Executives i think i now have a clearer picture of what the tie up could bring for mutual advantage.

I deduce that the main objective is to develop a cheaper alternative to what we supply to the cutting edge submarines which need to remain submerged for very long durations.There are many submarines in fleets that only need to be submerged for days at a time.

Other smaller spin-offs could also be developed whereby the need to seal a compartment from the outside environment for hours could be life saving, i.e. ships, aircraft, battle tanks, space explo. and recreation/leisure craft.

Just some thoughts.
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[cerrito] 20/8/2018 21:29

Thank you Luzley for your 3252.
Good for you organizing yourself to make these visits and you are correct that this is what should be done; I only wish that I can organize myself to do something similar,
What I do not understand is how you got into Dukinfield where given the work they do they are reasonably sensitive as to who they let in.
I would be interested to know.
Thanks

[bullster] 20/8/2018 20:11

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I have just spotted this item below.

I am offering it up for further discussion and debunking by other avatars.

Am i correct in thinking that this is new information regarding our tie-up with Micropore Inc and UK navy .
I also understand that TPG supply oxygen generating equipment and Co2 removal equipment, but this Micropore product seems to be a back-up system to a disabled sub, which is something completely separate and different to the main systems working correctly.

Looking forward to your views.







The US Navy and British Royal Navy recently approved ExtendAir® lithium hydroxide CO2 absorbent as their emergency CO2 control solution in the event of a Disabled Submarine (DISSUB).


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[timojelly] 19/8/2018 11:13

Very good presentation. Why they did not use this and not the other jazzed up concoction and Farmborough I don't know.

[luzley] 18/8/2018 11:10

Try again! https not hxxps

[luzley] 18/8/2018 11:09

Aforementioned website is hxxps://www.tpgroup.uk.com/about-us/
Apologies

[luzley] 18/8/2018 11:05

Paves, agreed. You only have to look at management vision to realise that they have achieved/are achieving their proposed objectives. They have a clear path in mind and are prudently following it. See hxxps://www.tpgroup.uk.com/about-us/
I liked what was happening at TPG as it evolved from Corac and was fortunate/savvy enough to increase my holdings over time so my average investment price is reasonably low. I always check out operations on a personal level to see if the sites are busy, capable, upto standard and staff are motivated. I achieve this through visiting sites, conversation and observing. Bit geekish, but very useful for hands-on input combined with dialogue with management and Vigo. I went to Dukinfield to see their set-up after the upgrade earlier this year and liked the increased capabilities there combined with new operational coordination and management (as RNS'd). I combined it with a visit to the Scapa operations in Ashton nearby why I also have a holding. I live within reasonable reach of the Southern sites. Altogether a nice tight operation, prudent management, cash in the bank and good earnings visibility with the added ability to outshine and surprise. Happy to hold and increase on positive progress reports.

[pavey ark] 17/8/2018 19:10

Luzley, obviously we are singing from the same sheet here.
The main facilities are many miles from where I live so I'm rather interested in your visits and how they came about.
I'm glad you mentioned the Micropore deal and I think most should look at it as an acquisition that TPG didn't have to pay for although I have no doubt that time and money will go into the development of the opportunities it affords.

Like you I am happy with the solid (substantial !) progress being made and money is being spent,so it's nice to have plenty.

[timojelly] 17/8/2018 14:37

Does anyone know what current market expectations are for the 6 months reporting soon?

[wisecat2] 17/8/2018 12:30

3284 Well written, agreed.

[luzley] 17/8/2018 11:30

Whilst I am not a regular contributor to the board here, I have built up a significant holding over the past three years as the cash consumptive Corac transformed. The business is well run and management both prudent and confident for all the positive reasons mentioned. I have personally visited the sites and drawn my own conclusions as to present contracts and competencies and future direction. I am very happy with those observations going forward. Acquisitions, infrastructure improvement and capital investment to date give me increasing confidence. The commercial tie-up with Micropore Inc is IMHO very significant in opening doors that may have been closed. I look forward to further progress and the shareprice ceiling rising accordingly. As has been stated by another contributor, I am not overtly worried by the lack of a 'transformational' acquisition as the foundations for strong organic growth with the back-up of significant cash reserves is already in the mix. Prudence is vital and cash is king at this stage.

[pavey ark] 15/8/2018 17:31

ewads, 36 minutes for the 4.5 miles but I am aiming for a sub 50 minute at the local 10k in September.
Old age doesn't come itself and I have run 26 miles in under 7 min miles but I was HALF the age I am now.
Time marches on and I was rather shocked/disappointed to be over 50min in my last 10k but I'm finding it difficult to get back under this time/pace.
I have always greatly enjoyed running so I suppose I should be grateful I still can and not spoil it with this self imposed target.

do you run?

Sorry to all about this off topic.....topic

[ewads] 15/8/2018 15:14

Did you break 45 mins?

[catch007] 15/8/2018 12:43

Pavey I respectfully suggest you are being a tad overly sensitive as the company statement issued was self explanatory. The key investor institutions will all have a setagenda item when meeting the company....what are you going to do with our money to enhance our investment?

To make an assertion as you did that the company was 'to busy' simply lacks credibility. Given I repeatedly stress the importance of rigour and diligence in regard to acquisition vetting and purchase you will understand I take a pragmatic view on the acquisition front however I would like to see some progress being made I don't think this is unreasonable. The TPG BB followers already know the amount of progress being made and many appreciate your views and projections and I respect that however there are times when you 'in seeking to get the last word' can appear to talk down to other contributors when their views carry equal weight. There are many PI's like me who also have a significant holding like yourself and we all share a mutually positive view to see the company being successful and sharing in that success.

[tday] 15/8/2018 11:24

I attended the AGM on 7 June and the subject of acquisitions was mentioned. At the time of the fund raising, the Board was looking at quite a few potential businesses to purchase.

Subsequently it transpired, that certain companies had no wish to be acquired, others were unwilling to accept TP's terms and at least one was bought by another company, at a price which TP was not prepared to match.

At the very most, investors can only criticise the Board for, perhaps, being over optimistic in their ability to do deals. Better no deal than bad ones.

[pavey ark] 15/8/2018 10:45

I fully expect a reply and look forward to reading it but I must admit to a weakness of always wanting the last word so I'll end my contribution to this particular issue here or I'll jump back at every post and I think this has been done to death.
(Off to time myself over 4.5 miles (a known point in my run)as I have a 10k coming up and would like to better my previous time....wanting's not getting though and time marches on!!)

[catch007] 15/8/2018 09:30

When the purpose of the fund raising event was clearly stated by the company (repeated in the thread by Tiltonboy) then investors have backed the company with their money and have an expectation on the company to deliver the stated purpose. It is not difficult to understand.

To suggest the company has been 'to busy' frankly borders on the ridiculous I fully expect that the company would always continue to build pipeline, working relationships and most of all income to build long term profitability in the normal course of business. To this end there have been several very encouraging contracts, partnership & framework announcements and it is a given that part of the cash pile must be allocated and used to support these activities. I also have previously commented that I was comfortable that the company exercise the rigour and diligence required to secure a quality acquisition(s) however progress has been slow and the money raised has sat on deposit. The company obviously had a specific targets in mind at the fund raise and commented later that one of the companies under initial inspection had seen trading deterioration - to walk away is therefore prudent business.

Before we get carried away with idle speculation of huge share price uplift TPG needs to demonstrate (as I expect to see) good progress on bottom line numbers and business momentum in the results. News of an impending quality value adding acquisition would certainly be welcome. I remain convinced there is tremendous value to be unlocked however we need a stimulus to kick start the share price GLA