Tp Share Discussion Threads

[flotogo] 06/10/2016 08:14

Trawling back through Viy and CRA boards will give you a good understanding of the prophets motives. On the face of it some well though out posts. Never a truer phrase used though 'do your own research and never believe what you read on a bulletin board'

[pavey ark] 06/10/2016 08:10

supernumerary, I think you give the show away with your first few lines of your post.

The second part I find rather confusing. you seem to be suggesting that as a SHAREHOLDER I was keen on projects that could reduce the very large losses in the compressor unit so I should be unconcerned,as a shareholder, when the losses seem to continue.

The company has announced that the D&T unit is dealing with a number of enquiries regarding the use of TPG technology in these fields but then something has to done to capitalise on the many, many millions spent in the glory, pie in the sky days, much loved and lamented by some.

TP, I repeated/ clarified/ expanded my post in the hope that some might pick on any one specific point and a discussion could follow.

I see your reasoned debate is to repeat ....Edison...PE ratio (I've told you about that)..you missed the old favourite .... Cartmell...bad man !!!
How many times have we been bombarded with that one.

All in all this is a rather strange debate when the company that both of you have tried so often to rubbish is doing so well.

[azalea] 06/10/2016 08:07

tpi
Dishonest posters are on a number of threads, some are nutters who have nothing better to do than write a load of nonsense, others are bitter and twisted and blame everyone else for their losses on investments. The simple answer answer is to filter them. This is the first year I have filtered anyone, now I have over a dozen on my list.

[supernumerary] 06/10/2016 02:46

Amusing discussion here. I definitely think The Prophet's ahead, but I suppose having Edison on his side confers an unfair advantage ;¬)

Pavey - do you remember a while ago, when TPG had their profit warning (whoops, sorry, revenue warning ;¬)) I wondered what the deferred energy projects were? You didn't deign to answer, which didn't surprise me - I'm sure you have more important matters to attend to - how are the walks in the rain going?

Nonetheless I'm still wondering what happened. Back in the day, you were keen on a couple of opportunities - the Anax Star Turbo Expander, and Highview Liquid Air Storage - both of which struck me at the time as insane grabs for Government funding (but what do I know?) - I just wondered if you'd care to give us an update?

[the prophet] 06/10/2016 00:44

All very interesting PA, but no matter how many times you repeat your forecast, it is still just that, your forecast.Nothing wrong in having your own personal forecast, but don't expect the rest of us to join in.I am more than happy to go with the TPG endorsed and market forecast published by Edison just a few short weeks ago. They issue a full set of assumptions with that forecast.That calls for EBITDA of £1.9m for next year, delivering pbt of £0.6m and eps of 0.1p for a forward multiple of 60.That forecast may be right or wrong, but it has the benefit of being arrived at after discussions with TPG and thus has credibility and forms the basis of market expectations.I'm sure most sensible investors would be happy to accept a company endorsed market forecast . After all, if the situation calls for it, forecasts can always be increased, or decreased. But, imv, TPG are being sensible by offering forecasts showing a modestly improving trend. Even if that doesn't exactly paint a compelling investment proposition.So I don't think we are going to adopt your forecasts but nothing wrong with having your own view on things. But it is just that, your own view however much you pat yourself on the back for it's 'accuracy' or bombard us with it.

[the patient investor] 05/10/2016 21:39

thanks but you forgot a key major thing

what is the share price going to be?

[the patient investor] 05/10/2016 18:02

The Prophet5 Oct '16 - 16:51 - 1266 of 1266 6 0 (Filtered)


?

[pavey ark] 05/10/2016 12:23

spook7: well done that man, what a precise, tight and accurate description of the current situation.

[spook7] 05/10/2016 07:40

tp group is a phoenix. rich in intellectual property and evolving into a go to engineering company having established niche capability, sucessful sales activity and positive cash flow. the ultimate failure with the gamble / investment into downhole compressing will have destroyed most companies. canny investors know that the value of the company is based on the today and tomorrow and they will be rewarded.

[larva] 05/10/2016 07:03

btw i think the guy to run the procurement side is simon kings

Simon Kings
Executive Director
Simon joined Corac in 2014 as Managing Director of Atmosphere Control International, and was appointed to the Board in April 2015. Simon joined Corac from Raytheon UK, where he was Business Development Director following a 30 year naval career including active service as Commodore and with responsibility for the UK's naval shipbuilding programme, ship sensors and weapons.

[ggbarabajagal] 05/10/2016 06:58

I have a feeling the share price of the last few days is missing the impact the further drop of the Pound against the Euro is going to have here. A lot of foreign governments/ defence agencies will find it cheaper to buy off ACI now for their submarine progs

Wonder how long before they launch the ACI air improvement range for helicopters and planes?

I can see these at 10p+ when the £50m MOD work rolls in

Kerching!!

[the prophet] 05/10/2016 01:38

Amazing really that someone can present a 'forecast' suggesting a 150% increase in EBITDA and that is followed by a lively debate and then you get an idiot like Chorister showing up that wants us to 'shut up'.Chorister, it's a discussion board, you know, for discussing stuff?Or are we all supposed to toe the line and agree on everything?You know what, I may not agree with what PA writes/ thinks, but at least he has a bash, however misguided! (Sorry PA)Then you get some non contributing idiot comes along.....enter Chorister.Oh, and as to my comments re Corac/dgc, yes, I got it completely wrong. If you go for the speculative end of the spectrum, they ain't all going to succeed. I've had more winners than losers though. But at least I'm prepared to put my views out there and keep my monicker thro' something like 20+ years.Very easy to knock, a little bit harder to contribute.

[the prophet] 05/10/2016 00:54

Chorister

It's a bb for discussion for gawds sake!
If you don't like it, clear orf,
start your own thread or filter us!

What a boring fella you are, contribute something instead of moaning off.

[chorister] 04/10/2016 22:56

Am I the only one who loses the will to live at these inane exchanges?

The Prophet - we have got the message loud and clear that you think Cartmell is an overpaid charlatan, but why should we pay any attention to you when you started a thread about Corac (TPG's previous name) which talked about a US$100bn market unique to Corac? You pretty obviously live in a fantasy world.

Pavey Ark - why do you keep replying to him? Couldn't you just leave it?

It's a small specialist engineering company which seems to be making impressive progress, but none of us yet knows the outcome. It's a gamble. If you think it is overvalued, then don't buy the shares, but for heaven's sake SHUT UP!

[pavey ark] 04/10/2016 21:01

Your presentation of "facts" was your way of showing that Cartmell has been bad for the company I pointed out that he has been good for the company and one of the ways he has been good for the company is that he bought a business for £10 million this business has paid for itself and could be sold for c.£40m
Unfortunately you have never grasped the value of TPG Maritime, first you suggested that it was worth little more than they paid for it then grudgingly increased this to £15m.TPG Maritime could easily make £4m this year and could soon have an order book worth c£100m, it a sole supplier of vital defence equipment to navies throughout the world and has no serious competition.
Edison values it at £36m ( but what do they know ?)

This company would have been profitable years ago but for the dgc business and would owe all this profit to Cartmell's excellent purchases.

You did get one thing right though, my estimates aren't gospel, but they haven't been challenged in any factual way by you.

I had to smile at your reasoned and factual debate claim when we have had to put up with you bizarre distortion and strange negativity concerning every aspect of a company in which you hold no shares.
This company is certainly on the up and that bothers you, I don't know why it bothers you but it does.

I've enjoyed this ( whatever it is) today, injured, no golf, no running, wife away for the day, so it passed the time.
A further advantaged is that it made me look over old reports, figures etc and that helped set things straight in my mind but then again this is an advantage as I hold quite a few share, for someone holding no shares ..........well ?

[the prophet] 04/10/2016 18:02

cheers, rhomboid, you are welcome.

PA, if you can't see the difference between a forecast you've concocted and a forecast by a company paid by TP Group to represent the market expectations then there is no help for you.
I don't need your condescending 'little hints' as I am more than happy to go with the market forecasts, rather than wishful thinking by an investor. There is nothing wrong in you making forecasts as such, but I'm afraid your forecasts ain't gospel, they are not arrived at after discussions with TP Group and they sure are a million miles from the market expectations.

Unless you are suggesting TPG are paying Edison to deliberately mis-represent them in the market and put out low-ball estimates? Whilst it is always desirable to leave something in the locker, being out by 150% would call on the integrity of both the research group and the Company. Ofcourse, something could change that means the forecasts could go up or down, we all know broker forecasts are rarely right. However, Edison Research forecasts remain the market expectations and if you bother to read the note you can check out their assumptions and forecasts.....my own little 'hint' to you!

We can all have a different take on Cartmell's track record, I merely presented the facts whereas you have presented a submarine business worth £40m? Last time I checked the entire market cap of TP Group was £25m. More wishful thinking? Who knows, it may or may not come right but I prefer to stick to facts.
Oh, and as predicted, it's all down to the ghastly DGC business. How long has Cartmell been in charge? 7 years and counting and not a profit to be seen despite raising £38m and paying himself an ever increasing amount of dosh. Shareholder value? Clearly not a metric you value highly.

As for making a clown of myself, well, it's a shame one can't have a reasoned and 'factual' debate without you resulting to cheap jibes. No bother. I can only thank you for the opportunity to present Phil Catmell's track record in all it's glory.

£38m raised and 7 years on and still no profit, shouldn't think it keeps Phil awake at night though.

[rhomboid] 04/10/2016 17:38

Speaking as non holder but potential investor I'm enjoying the debate here, thx to both of you

[pavey ark] 04/10/2016 17:36

God ! I was just going to eat but this will not take long.

Cartmell has invested c.£12m in acquisitions and the company has £8m in cash.
The difference between this and the cash raised was down to the eye watering losses in the turbo expander business.
As I have explained before, the only mistake made here was hanging onto the dream that you could make money from the DGC business.
Cartmell has
1 Invested £280k in direct share purchases
2 Saved the company from complete oblivion
3 Even the Edison predictions show a £4m EBITDA from his £12m of purchases.
4 The four units are integrated and supportive of each other ( you are simply embarrassing yourself if you suggest otherwise)
5 Even if Cartmell hadn't done all of the above he has developed the submarine business from £10m to £40m and this doesn't count the MS spin off.

"Shambles" ?

Edit: deleted the last bit , hunger got the better of me.