Tp Share Discussion Threads

[timojelly] 14/7/2016 19:32

0.25 a day will do me.

[bullster] 14/7/2016 15:18

Watching the volume.


...........S.P./VOL....LIVE.....

[malcolmtalcum2] 14/7/2016 14:50

This is getting interesting

[timojelly] 14/7/2016 14:26

Tipsheet out? Thick and fast now...

[timojelly] 14/7/2016 14:00

Got to be a chunky buy or two out there.

[timojelly] 14/7/2016 09:05

Selling not pushing us down....

[timojelly] 14/7/2016 08:00

Good finish yesterday, hope it continues up past 7p

[cerrito] 13/7/2016 23:51

timojelly your 943
In terms of market expectations Edison has for this year revenue of £22.7m and loss pre tax of £0.2m and DL has £22.6m and £0.35m respectively
Thought of TPG when reading an article in today's Telegraph about increased defense spending in Far East given China seas ruling yesterday.

[paulgo] 13/7/2016 19:54

That's actually fairly small volume. With so few shares not already held, just imagine what will happen when the buying REALLY starts.

[value king] 13/7/2016 19:52

Excellent statement today. After that I expect them to do at least as well as the break-even forecasts if not far better. With the big recent contract win and the company saying "Timing of large defence contracts weighted into 2016" then the scope for this year being well into profit looks very possible I would say.

[bullster] 13/7/2016 17:58

...........S.P./VOL.

[timojelly] 13/7/2016 16:25

On the move now

[timojelly] 13/7/2016 09:18

Ticking along quite nicely though.

[pavey ark] 13/7/2016 08:59

This is a fairly standard announcement and very similar to last year.
It must be remembered that last year they went on to reverse an EBITDA loss of £1m in H1 with an EBITDA gain of £1m in H2.

MY minimum expectation is an EBITDA of £2m+ and this is a free cash flow figure for TPG.

SK said they were investing heavily in the new Managed Solutions unit and I expect this to generate a substantial amount of cash in the near future but it must be said that the market it giving absolutely no value to the cash pile.

As an investor it's nice to know the money is there and perhaps the MoD and long term customers are also glad to see it in place.

[paulgo] 13/7/2016 08:52

Good by the look of the rise today.

[timojelly] 13/7/2016 07:09

What are current expectations?

[septblues] 11/7/2016 12:43

It's all laid out on



I see that the first contract was awarded only as rcently as 24th May, so i'ts a new regime

[pavey ark] 11/7/2016 11:25

Septblues, thanks for that.
It looks like the one year extension contract takes TPG into the new system of payments , if adopted.
It also looks like our new contract would certainly fit the criteria for upper end (increased?)margin payments.

[pavey ark] 11/7/2016 08:34

Very good find Cougar.
I remember the SAMAP 2015 and remember looking up details of Analox but missed this proposed joint venture.
I certainly agree that TPG is about more than submarines but they are the main source of profit ....for the moment.

Hope to read more of your posts soon and would certainly be delighted to see the sP at 7.5p

Quick calculation would show that if the cash is still close to £7m then an EBITDA of £2.5m/£3m would very easily support your price.

Given that H2 last year produced an EBITDA of £1m we shouldn't be far away but better to get more info from the company and we should get a trading update at the end of the month.

[septblues] 11/7/2016 08:33

mentions single source regulations office and 8.95% although subs may be a special case

[cougar99] 11/7/2016 03:50

The two subcontractors that TPG will be using for the MoD contract were two of the Prime Sponsors of SAMAP 2015.



ACI (Atmosphere Control International) - now TPG Marine - were there and presented the concept of a joint venture with Analox Military Systems (AMS). All seems to have gone quiet on that. Let's see what SAMAP 2017 brings .... although I can't find any mention of proposed date and venue for it yet ....

Anyway, that;s my submarine posts for the time being as TPG is about more than just subs - so I'll come back again when the share price of TPG is 7.5p ....

[cougar99] 11/7/2016 03:00

So not related to TPG but related to submarines:

The submarines and rivalries underneath the South China Sea

[pavey ark] 10/7/2016 19:57

Septblues, this may well be the case but this tender was put out some time ago and as I said,TPG is in a very strong position.
It should also be noted that the headline percentage is pretty meaningless when we are not given any indication of the details of the agreement.

TPG might accept one headline figure but also negotiate other cash generative aspects regarding the ultimate provision of services/equipment.

The only reason I took a larger figure is that the previous contract appeared to be at 13% but that was for one year only and the expired contract that this replaced was at 10%.
My guesstimate of 11% was based on the fact that if you want to maintain your submarine fleet you have to have this contract.
The contract is very important to TPG but it is vital for the MoD.

Another point I made in an earlier post and was reinforced in my mind after watching the presentation again is that TPG is out to establish an even stronger relationship with the MoD so this may have played a part here.

I have no first hand knowledge of the MoD contract system (old or new)so I'm certainly prepared to be corrected by someone who has.

[septblues] 10/7/2016 19:18

My understanding is that <9% ie c 8.x% is the new MOD contract rate for sole supplier conracts where there's no competition since the risk has been reduced