Tp Share Discussion Threads

[catch007] 26/5/2022 22:03

Best lick your wounds on your own thread methinks! Good to see some contrition and your love for me never dims lol - NURSE!

[pavey ark] 26/5/2022 21:54

Sorry folks as I had been mentioned here I though best to post here but perhaps not...anyway name droppers know where to find me.

"nurse" you never fail to let your self down .....the "carry on" films weren't very good you know even if you thought they were great.

[slicethepie] 26/5/2022 21:07

Everyone blames cartmel but the chairman MCcree should get blamed he had a history of destroying great businesses ie aea technology

[33mick] 26/5/2022 20:44

As an design engineer who's worked all his career through recruitment agencies and know's the way they work and and margins they make I was deeply troubled when TPG bought Saprenzia.
Having that Muppet Pavey telling me/us what 'frame work agreements' were was the most shameful thing I've witnessed on here...but many believed him.
Larry tried to warn them, and now it's true value is exposed.

[fernandesb] 26/5/2022 19:27

Hi Catch007,I have been asked by a friend of mine if it would be a good idea for him to sell his shares in TPG,which he purched at 6.5pence per share,his total investment was £5000.Could you give me your advice regarding this question.

Regards,
Ben

[fat00mch] 26/5/2022 19:05

Spot on catch

[catch007] 26/5/2022 17:58

I admit I was very excited at the original acquisition as it was positioned in supposedly exciting markets satellite tracking and particularly targeting space debris to be cleared. Turned out to be a recruitment company, the highly rated CEO left and of course took all contacts and business with him. One of Cartmel's many failures and so sad to see sold at a low exit price.

[paulgo] 26/5/2022 16:49

I don't think the news pushed the price up, more that fact that 1.5m shares were bought.

[grinley boy] 26/5/2022 16:29

So why does the price go up? Not much left to sell now, not even sure what TPG own at the moment!

[elsa7878] 26/5/2022 16:03

Wow that's shareholder value destruction for you. Dreadful acquisition which 3 years later has cost 10 million euros plus....or to put it another way - 75%.

[paulgo] 26/5/2022 15:52

Sale of Sapienza Consulting Ltd.

TP Group (AIM: TPG), announces that, following the review of the Group's non-core operations in relation to its wider strategy as announced on 1 November 2021, it has entered into a conditional agreement to dispose of the entire issued share capital of Sapienza Consulting Holdings BV to Serco Holdings Ltd (a wholly owned subsidiary of Serco Group plc) for a cash consideration of c. EUR3.2m. Completion of the disposal is subject to regulatory clearance in the UK, France and Italy which is anticipated to take approximately six to eight weeks. The Company will make a further announcement in due course.

On completion net proceeds of c. GBP2m will be used to part repay the Group's GBP7m loan facility with HSBC Bank Plc.

In the determination of accepting the valuation and final terms, Martyn Ratcliffe and Peter Bertram recused themselves from the decision and did not participate in the Board vote.


TP Group plc Tel: [phone]
Derren Stroud, Chief Financial Officer
www.tpgroupglobal.com

Cenkos Securities plc Tel: [phone]
Stephen Keys / Mark Connelly / Callum
Davidson
www.cenkos.com

[timojelly] 26/5/2022 15:09

Anything to blow the cobwebs off.

[thompsonminor] 26/5/2022 14:35

Something's stirring ... It doesn't take much these days, I know, but when you see transactions top the 1 million mark, it's often a sign of things to come. No RNS yet though. Is it just natural churn, or is there some news about to break??

[septblues] 19/5/2022 16:15

the Ukraine war had not been thought of by the west when Ratcliffe took over this defence and security supplier addressing a transformed market

[slicethepie] 17/5/2022 07:56

You can guarantee that the crooks will find things to spend money on that will improve the business but depress profits!

[fat00mch] 13/5/2022 11:14

Agree - they are kitchen sink accounts. Includes write offs
£3m exceptional costs
£4.5M of onerous Maritime contracts
£11M write down of intangible assets (value previously overstated)

Hopefully nothing else coming out, discovered since March

[orange1] 12/5/2022 13:57

Yes but the unaudited accounts are "kitchen sink" accounts which include exceptional costs of at least GBP3.0m, loan fees, provisions related to onerous Maritime contracts (at least GBP 4.5 million), an impairment of goodwill and intangibles (around GBP11 million)and no doubt other one-offs.

[catch007] 12/5/2022 13:07

Mkt cap today £19.48m - as per post 10139 unaudited loss 2021 £17.5m, with further losses to accrue a very bleak picture overall sadly.

[fat00mch] 10/5/2022 13:34

Looking through SAG 2021 Annual report issued alongside full year results for 2021



Page 9
“The Group commenced on-market purchases of shares in TP Group plc (‘TPG’) in August 2021, increasing its holding to 28.0% at 31 December 2021.

Prior to 13 October 2021, the Group accounted for the TPG shareholding as a financial investment, recognised at fair value on the balance sheet. On 13 October 2021, when two Science Group plc Directors were appointed to the Board of TPG, the Group started to account for its holding in TPG as an associate under the equity accounting method.

TPG has not released its results for the period ended 31 December 2021. A loss after tax of £1.1 million has been included within the Science Group Income Statement, which is an estimate based on TPG reported information and public statements, proportionate to the Group’s 28% shareholding and the duration for which TPG was accounted as an associate”

Page 16 of the PDF shows unaudited loss of £17.5M for TPG for 2021

[slicethepie] 10/5/2022 10:16

Don't know what your agenda is but clearly you want the share price to remain weak. I suspect you are not short but possibly being paid to de ramp. The crooks at science group will employ any tactics to get this on the cheap!

[rolling ronnie] 10/5/2022 10:13

"Don't be silly

Things in these new nuclear subs are way different to what TPG Maritime did years ago

Which is why nobody wanted to acquire them

olde tat"

You do come up with some un-informed cr*p :-)

[buywell3] 10/5/2022 09:20

Don't be silly

Things in these new nuclear subs are way different to what TPG Maritime did years ago

Which is why nobody wanted to acquire them

olde tat

[fat00mch] 10/5/2022 08:38

Gotta be some mileage there for Marine?