Tp Share Discussion Threads

[kiwihope] 21/4/2016 15:54

Thanks Shoulds, good luck...

[shoulds] 21/4/2016 15:49

Kiwihope,

I've always wanted a Rolex watch and it's what I'm going to buy with my TP cash it will keep its value too :-)

You could well be right with what you say in your post as I am no expert, I'll only kick myself a little bit if I've got it wrong. I wish everyone all the best.

[shoulds] 21/4/2016 15:44

I bought at the point the prototype DGC went for testing in a live well, if it had worked I think I would have been able to pay my mortgage off. You've got to be in to win, I took a chance so I have no hard feelings. It's just a shame they announced the DGC had been proven successfully. (To say that was like saying the worlds first round the world solar power car had been proven successfully after it travelled 1 mile and broke down). I work in the compressor industry and have experience of the size and complexity of filtration and gas conditioning equipment that is used before well gas enters surface compressors. It now seems having a compressor through a small pipe kilometres below ground at the bottom of the well that didn't have the same type of filtration or conditioning equipment was doomed to fail from the start. Finding out it suffered contaminant fouling and erosion of parts after a very short time in hind sight sounds like it was always going to be the case. The Corac RNS's have always been worded in a way so the believers and hangers on see that gold is still at the end of the tunnel. However if you go back and look through old ones, the wording was always ambiguous, that's why the share price and always had a downward overal trend, the cleaver people knew better.

[kiwihope] 21/4/2016 15:35

Here's the latest Edison note...

[kiwihope] 21/4/2016 15:27

Shoulds,

It's always difficult to sell and take a big loss. However I do think you may have sold just as things are starting to improve. I too was sitting on a large percentage loss but as I hadn't invested too heavily, I decided to average down and am now looking at 4.8p as my break-even price.

Like you other guys I originally invested in Corac to lose everything or make a 10-bagger. I think we would have lost everything if Cartmell hadn't bought Wellman. The company now is not what I originally invested in but I don't care what it now does (within reason!), as long as I can see a route to making money.

If you look at the latest H1 and FY results, it becomes apparent what a good H2 the company had. I know some of this is due to timing and sales delayed from H1 to H2, but look at the actual figures. In H2 TPG had sales of 12.1M, and an operating profit of £0.3M (yes, you read it right, an operating profit). Adjusted EBITDA was positive £1.0M.

The company is moving in the right direction. I agree growth in the submarine business may be limited. But the hugely important thing is that the company is now cash-flow neutral (maybe even positive). This gives Cartmell time to try and commercialise the remaining Corac business and to reduce losses in the heat-exchanger business.

After all we've been through I wouldn't be selling now...

[paul the octopus] 21/4/2016 15:11

Shoulds, sorry for your loss, but you never know what's coming in the future, never rule out 13p, just more patience.Ric, please follow suite, sell out and stop posting, don't look like a moaning widow that never stops moaning.

[shoulds] 21/4/2016 14:29

I sold all my shares today 155000 at a huge lose, over the years buying at different times the total amount i invested was £22,000 I could have held on to them and just checked back every year on so, but my view now is they will probably never come close to recover up to my average price of 13p The amount the directors buy compared to their salaries is an absolute pittance to my salary and what I invested, my belief is they buy more shares every now and then but it just the smallest token to try and stop the price going down further. I believe the only reason they bought the other companies is to slow the rate of cash burn that Corac causes to the money that was invested as Corac has no products to sell and no longer even has the staff to build them. They mentioned in the closing of the Slough plant that building of their compressors would now take place in Portsmouth, anyone who works in Engineering will know there is no chance the engineers at Portsmouth building submarine equipment would suddenly be able to build high tech prototype compressors. The Spirax deal was not even mentioned in the report anymore. In my view the Corac part of the group is on its last legs and only has a couple more years to make and sell something otherwise all the cash is gone, who will want to invest again with no DGC, nothing that Corac management has done has been able to slow the decline in the share price and that is for 10 years, they even tried fancy manger speak in the final report to make up for lack of substance. Over the time I've owned my shares I've watched the share price move up numerous times on a positive sounding RNS but each time it quickly drifts back down falling to lower than it was before the RNS. This process has repeated and repeated to where we are today. I'm sure the downward trend will continue so I've decided to move on. Good luck though to everyone who stays

[paul the octopus] 21/4/2016 13:11

indeed, they were happy taking yours, oh dear

[ricardo125] 21/4/2016 12:04

I think those last two buys will turn out to be director purchases.

[ricardo125] 21/4/2016 10:43

Its coming to the end for me with this share. I cant see the e&p section ever making a profit. I think it will eventually go. Without it there's a submarine business which i have little interest in investing in. Always painful to sell out a loss especially one over 50%. I would love nothing more to see the share price head back to 10p but i cant see it ever happening here.

[ricardo125] 21/4/2016 10:29

Jeez p the o your just like pavey. You class anyone with a difference of opinion to yourself as an idiot. If anyone of us was a genius we certainly wouldn't be investing in the likes of tpg which has seen its share go down from 100p to 1.8p and the shares in issue increase massively. All the institutions also got it massively wrong if thats any comfort.

[paul the octopus] 21/4/2016 10:19

a token buy from a directors few weeks back took it from 2.75p to 4p, given results is out they are not locked anymore, so let's see what they say

[ricardo125] 21/4/2016 10:12

The problem at the moment it does not matter what the valuation is even if say edison are correct with their 7.3p valuation. No one is buying. A few thousand pounds of buys aint going to make much difference p the o. We recently saw selling all the way down to 1.8p. There's little support even at the price of 3p. Unless suddenly a horde of people turn up and start buying this share is going back down to a level where there is some support imo

[the prophet] 21/4/2016 10:06

Worth pointing out that a board that rakes in close to £900K a year only owns a paltry £96K's worth of shares between them.
Shows you how much they believe!
Or perhaps they are lining up some massive director buys to take advantage of this 'depressed' share price?
They only ever seem to do token amounts just to maintain the façade of being interested.

[ricardo125] 21/4/2016 09:44

Well it is scandalous nothing we can do about it. I sold half my holding yesterday. Thinking of selling more today at a considerable loss :-( Share price held up on bed of straw. Cant be long before we get a big tick down in the share price imo

[the prophet] 21/4/2016 09:16

ricardo, just read it, and although the board are very well paid, it is in line with the previous year.
What I would like to know, and probably won't find out till next year, is was Crawford given a large pay-off?



page 40 for anyone interested.
The board took out a combined £861K last year, not too bad for an outfit perennially losing money.

[ricardo125] 21/4/2016 08:55

Just read the ar, prophet you better sit down first before you read the page on directors renumeration and how much crawford was paid.The old Corac continues to make little to no money. Cant see it ever being profitable. If that were to be closed down we are left with the Hg companies that were profitable but being dragged down by the corac directors costs. Operating costs will no doubt eat into the remaining cash. I guess in reality we have up to 5m to spend on acquisitions this year or less depending on how much of the e&p is shut down. I'd say the current share price isnt far of valuation at the moment. 3-4p probably a fair price for a mid to high estimate of tpg's worth imo.

[swerves1] 21/4/2016 07:07

Ricardo, could be possible! Lol

[ricardo125] 19/4/2016 22:21

Swerves are you implying pavey works and lives on a yellow submarine. It certainly would tie in with the business of Tpg. Putting all the dots together i think your onto something.