Tp Share Discussion Threads

[flotogo] 15/8/2022 08:39

This should sink the share price for another period of time. Nice bit of uncertainty left in at the end for future outlook. No doubt SAG will be along to the rescue soon enough with a miserly offer

[trentendboy] 15/8/2022 08:09

Wiped out by very simple and very bad decisions to offer fixed prices when wages and materials all going up plus complexity of systems.This is when sales teams run ahead and get their bonuses leaving engineering to pick up the piecesSuch poor management

[buywell3] 15/8/2022 07:23

TEK News Terminator

[terminator101] 15/8/2022 07:21

Seems the whole TPG Ponzi scheme has been exposed huh

[timojelly] 15/8/2022 07:17

Massive overaction by the market. Cleaning the slate. Kitchen sink out and services business doing really well.

[buywell3] 15/8/2022 06:43

Cash down

And losses rise

Net Debt increases

Whose been telling lies ?

[mauricemonkey] 15/8/2022 06:22

Lol, have these not gone bust yet?

[timojelly] 13/8/2022 13:51

Is there life in this old dog yet?

[fat00mch] 11/8/2022 13:46

Overall - Sapienza was a bit of a fluster cluck. The MD and major shareholder, Andrea Bennetti, did the offski pretty sharpish along with the other major shareholders.

Took the money and ran

[fat00mch] 11/8/2022 13:32

Osprey – specialist aerospace consultant

Safety and mission critical air space management and regulation in the defence, SPACE and the emerging urban air mobility

Diversified into SPACE, drone and digital technology markets

46 employees - H1 2021 - £0.4M profit on revenue of £2.5M

Cost £3.5M


Sapienza – stepping stone into Europe

A leading European provider of Workforce, Engineering Services and IT Solutions to Space and Defence

Provider of high end project tracking software ‘Eclipse’ required in Space projects

132 employees - H1 2021 £0.3M profit on revenue of £6.9M

Cost €13.5M (including Lift BV that went the way of Dunkfield)

[septblues] 11/8/2022 11:09

recruitment and contract labour - it provided intelligence and contact bases on projects and contracts

[fat00mch] 11/8/2022 09:39

Sept - where/what was the TPG market position in the space sector?

[septblues] 10/8/2022 16:04

Space as in market position in Space sector

[fat00mch] 10/8/2022 10:42

Hydroflex still "a thing".

[fat00mch] 10/8/2022 08:10

When you say "space" - are you referring to The Big Yellow Self Storage type "space".

Or, by chance, are you referring to the recruitment company, Sapienza, that was making a profit of approx £0.5M per annum.

Lift ABV was written off prior to the new BoD.

Hindsight would seem to support the fact that Sapienza was a poor purchase and well overpaid for - in fact several on here pointed out at the time that they were but a recruitment company (one person in particular was very vocal in pooh-pooing that notion - in between fell running and golf with FTSE 100 execs)

[septblues] 10/8/2022 06:51

SAG sold TPG Space position when everyone else are buying into Space - what does that say about their judgement

[timojelly] 03/8/2022 06:38

Thanks, I would take shares in SAG now for a bit more stability, at a good price.

[secretsqu] 02/8/2022 19:02

Timo, without looking back, when was the last time TPG issued a RNS for a contract win?How many times has Ratcliffe highlighted problems at TPG in his RNS's?Not a chance that the final offer will be anyway over 3p.

[flotogo] 02/8/2022 18:42

Price to creep up for a few weeks as a few positions close. A half decent set of results to slip out in a month and the legacy issues quietly resolved. Low ball bid for the rest of the company to follow straight after

[timojelly] 02/8/2022 17:59

Well , after this complete cluster F* what do people see going forward?

[fat00mch] 29/7/2022 15:57

There have been a steady flow of buys over the past week. Not earth shattering, but several around £5k,

[paulgo] 29/7/2022 15:18

Moving up on very little (apparent) volume.

[fat00mch] 29/7/2022 09:31

£150k arrangement fee for standby credit of £5m plus £20k per month in interest on the undrawn loan facility

Bid is moving up slowly. Trades so far today at 1.56 are sells

[septblues] 29/7/2022 08:46

how much is SAG being paid for this?

[fat00mch] 26/7/2022 07:58

SAG are not including any losses from TPG for this period (H1)- assume they are "not considered material"