Tp Share Discussion Threads

[septblues] 12/11/2021 10:43

RR - I think buywell is an ADVFN avatar with a different agenda. Probably silence during ADVFN investor briefing.

[fat00mch] 12/11/2021 10:43

Blue again. With a much smaller free float - secretsq offloading was the reason behind the dip this week

Good luck secret

[flotogo] 12/11/2021 09:39

Whilst there could be some 'unexpected' bad financial news coming the shareprice is also following the usual path. Previously it got corrected by positive news although not sure i expect much to be released by the new team. Whilst long term shareholder value has been tougher to find here many have done well trading this over the last few years

[rolling ronnie] 12/11/2021 09:25

Buywell, why do you keep posting mis-information? What's REALLY your agenda, I wonder???

TPG MARITIME LIMITED

Company number 00953609

Follow this company File for this company
CompanyOverviewfor TPG MARITIME LIMITED (00953609)
Filing historyfor TPG MARITIME LIMITED (00953609)
Peoplefor TPG MARITIME LIMITED (00953609)
Chargesfor TPG MARITIME LIMITED (00953609)
Morefor TPG MARITIME LIMITED (00953609)
Registered office address
Cale House, Station Road, Wincanton, England, BA9 9FE
Company status
Active
Company type
Private limited Company
Incorporated on
6 May 1969
Accounts
Next accounts made up to 31 December 2020
due by 31 December 2021

Last accounts made up to 31 December 2019

[buywell3] 12/11/2021 08:48

If not then imo SAG will be able to cherry pick the couple of bits they want from you know who

That will be at a fraction of the price SAH imo would have paid

A cash raise is imo coming

Maybe 3.5p if announced today

TPG Maritime

Accounts
Overdue
Accounts overdue by 43 days
Last accounts submitted for period 31 December 2019 (1 year 10 months ago)
Accounts type was Full Accounts
Next accounts dated 31 December 2020
Was due on 30 September 2021 (1 month ago)


Ask yourselves why


dyor

[oregano] 12/11/2021 08:44

SAG can only buy another 6m shares before they have to bid for the company @ 6.5p (unless they get a whitewash), so not convinced an equity raise is going to happen.

[buywell3] 11/11/2021 21:53

Read the last update RNS again

There are several issues that could imo lead to write-downs

Cash is badly needed imo

The lower the share price drops the less any cash raise price is likely to be

That it has not been carried out as yet as the share price falls is imo a reflection of the reticence of certain long term holders/sufferers to dig in their pockets once again

dyor

[oregano] 11/11/2021 16:25

fat.

Not sure whether SAG is a screaming buy, but I do know is that MR is an impressive value creator for SAG shareholders over the long term. he pays himself an appropriate salary (rather than an egregious one as many owner managers do) which shows that he values the equity, which many managers of small AIM companies don't.

Consultancies aren't particularly high quality businesses, so the way he decided to utilise the SAG balance sheet and create value out of the miss-managed Frontier was truly impressive. Not sure the same is possible here, but if he can get margins on TPG to 75% of SAG levels, it will do well.

It is an easy long-term hold for me.

[secretsqu] 11/11/2021 16:01

After 12 years of holding this share, (kind version) I've spent the best part of this week unwinding a big loss-making investment. I've eventually but the bullet. Dozens of requests to sell every day only returned "no quote available."I feel so much less stress, even taking a big hit.Good luck to all holders.

[rolling ronnie] 11/11/2021 11:35

Fatm00ch

It's going to pick up TP Group for a pittance, yes. Whether or not that's 'screaming buy' value, time will tell. Maritime is the only part of the business with any realistic value, and they've tried to sell it twice without success, so I'm guessing it doesn't look such great value after due diligence!

[tday] 11/11/2021 11:07

Spot on supernumerary.

[fat00mch] 11/11/2021 11:05

Ronnie/Oregano

So SAG is a screaming buy, right, as its going to pick up all that value in TPG for a pittance?

[supernumerary] 11/11/2021 10:33

No, what's wrong with the financial system is that it didn't get rid of Cartmell much sooner, leaving the company so critically weakened it fell without a struggle to the first raider who came along. Ratcliffe is just acting in the best interests of his own shareholders, and quite rightly so.

[pomp circumstance] 11/11/2021 09:45

Everything that is wrong about the financial system.

[rolling ronnie] 11/11/2021 09:39

Oregano is spot on. Martyn Ratcliffe is only interested in getting TP Group as cheaply as possible. He has not the slightest interest in protecting shareholder value. On the contrary, he wants to get the business from the remaining shareholders as cheaply as possible. This really should't be difficult to comprehend!

[illiswilgig] 10/11/2021 21:20

TPG MARITIME LIMITED

Company number 00953609


Accounts

Next accounts made up to 31 December 2020
due by 30 December 2021

Last accounts made up to 31 December 2019

[buywell3] 10/11/2021 20:52

TPG Maritime

Accounts
Overdue
Accounts overdue by 41 days
Last accounts submitted for period 31 December 2019 (1 year 10 months ago)
Accounts type was Full Accounts
Next accounts dated 31 December 2020
Was due on 30 September 2021 (1 month ago)

[fat00mch] 10/11/2021 16:28

TPG showcasing Northstar at the Maritime Autonomy Technology Showcase event. Nov 9th - 11th in Southampton

[justiceforthemany] 10/11/2021 16:21

350K buy @ 4.05p

[flotogo] 10/11/2021 15:21

Truffle. Check the previous accounts that were filed for maritime. If you scroll back far enough there are links. From memory it was generating a 5 million profit which was being used to cover central costs and keep other divisions afloat. Last year it took a slight dip due to covid costs and delays. Might not be at 50million right now but could get there if/when normality returns

[truffle] 10/11/2021 14:18

Could someone please explain;

- Why it has been said several times recently that the Maritime accounts are overdue? If Maritime is a subsidiary of TPG then it presumably doesn't have to produce accounts as it will be in the TPG consolidated accounts

- Why it is said that Maritime is worth £50 million? How does anyone know this to be the case?

[timojelly] 10/11/2021 12:48

Mkt cap 30mill, that's less than Maritime on its own. Ridiculous

[timojelly] 10/11/2021 12:18

Share price trashing 101 appears to be working.

[oregano] 10/11/2021 10:53

Fat,

As a Sag shareholder, I would rather they paid an aggregate £30m (making up numbers) for TPG than £50m. which means picking up the rump for as low a price as possible.

re the last RNS, MR is not aiming to clean TPG up and give away 72% of the value to TPG shareholders. He wants all of the upside for SAG. However he has to pay lip service due to the formalities of being a director.