Tp Share Discussion Threads

[croasdalelfc] 13/1/2017 13:39

Intra day small reversal

[ileeman] 13/1/2017 13:32

Boring price action but still looks bullish. Will not take much for it to pop 6.5p major resistance.

[nw99] 13/1/2017 09:24

Will be in time agreed

[timojelly] 13/1/2017 09:20

Bargain prices...

[timojelly] 12/1/2017 13:55

Come on, MOD order confirmation please.....

[timojelly] 09/1/2017 11:18

Think he needs to be on the NIPT boards

[nw99] 09/1/2017 11:17

TW has never recommended TPG

[leedsu36] 09/1/2017 10:34

Oh you'll find he does/did have an interest here,you should know that more than anybody NW,lol.

[nw99] 09/1/2017 09:46

Leeds wrong board

[cottoner] 09/1/2017 09:46

leeds - sure you've posted on the right board??

[leedsu36] 09/1/2017 09:35

Expect dump to get well underway soon,pumped by TW again,for mates rates.....again.

[timojelly] 08/1/2017 12:00

Was it a full '3 pager' or a column on the back sheets?

[cottoner] 07/1/2017 19:09

Confirmation that TPG is in the latest SCSW (Sharewatch) edition.


TP has reported that FY16 performance will significantly exceed current market expectations and on the basis of its current order book it anticipates FY17 will do also. Cenkos has upgraded to a loss of £0.5m for the year ended with £0.9m pretax profit (eps 0.2p) forecast for the year ...







Not a subscriber so don't know the rest I'm afraid!

[nw99] 07/1/2017 14:57

Sharewatch update net cash £7m Buy

[septblues] 04/1/2017 12:02

Croasdalelfc

your investment decisions should never be driven by your personal prior experience - you should judge each decision on its own merits / fundamentals. Behavioural economics / investment has researched how "anchoring" can distort what should be logical decisions. It even led to a Nobel Prize if that means anything.

[nw99] 04/1/2017 10:20

Added more just now

[pavey ark] 04/1/2017 09:41

Croasdalelfc,

Your Corac thing is totally understandable and it did contribute to the amazing price of these shares from mid 2015.
I don't think I need to tell you that TPG is almost a completely different company from Corac.
If the old loss making compressor business had simply disappeared 4/5 years ago TPG would be seen today as a very profitable and highly rated niche defence contractor and engineer.
Now that the lid has finally been put on the compressor losses this unit is a bit of an unknown package and may surprise to the upside at some later date but it doesn't really feature at the moment.

I have been buying steadily for the last two years and don't think I've bought above 5p for some time but I certainly admire your timing here.
My reluctance to buy is simply down to the disproportionately high percentage of my portfolio taken by TPG.

Your timing is so good simply because of the news that is expected in January/February.

We will get a trading update from the company and given the December statement this can only be good.
The MoD contracts should be confirmed very soon and I expect some export orders are due.

Your 50% target looks good and you have the advantage of achieving it over a comparatively short period of time which is an important point often overlooked by investors.

[croasdalelfc] 04/1/2017 08:32

I might dabble here when funds become available - upside could be 50% with downside maybe 15%.I was stung in the Corac fiasco so a bit shy.

[timojelly] 03/1/2017 09:13

Hopefully confirmation of mod contracts will come soon Pavey.

[ileeman] 03/1/2017 09:10

Nice buying

150k max below 6.75p. Once that goes we are above major resistance in breakout mode.

[timojelly] 03/1/2017 09:07

Just a matter of time.... 7p today?

[pavey ark] 02/1/2017 17:14

Was doing a bit of research around the MoD SSC that are coming TPG's way soon.

"The analysis showed over 90 per cent of QDCs/ QSCs in 2015/16 had a planned contract duration of less than or equal to five years, and only three contracts reported a contract length of over five years. The median average planned contract duration is 4.3 years."

In announcement from TPG in July we got:-

" Group (AIM: TPG), the specialist technology, engineering and managed solutions group, today confirms that the MoD has issued a notice detailing its intention to award a sole source contract to TPG Maritime, a wholly owned subsidiary of TP Group, for an asset availability service contract relating to Submarine Air Purification.

The contract, upon award, would be for an initial 7 years with an optional 3 years extension and is estimated to be worth GBP27.8 million over the full life cycle of the contract.

TP Group anticipates the contract will commence in early 2017."

The second contract is for 8 years.

"TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, today confirms that the UK Ministry of Defence (MoD) has issued a Voluntary Ex-Ante Transparency Notice detailing its intention to negotiate a sole source contract with TPG Maritime, a wholly owned subsidiary of TP Group, for the provision of a number of Combined Oxygen Generating Systems (COGS) and COGS system upgrades for UK submarines.

The contract, if awarded, is estimated to be worth circa GBP22.6 million over approximately 8 years, starting in 2017. This announcement signifies the intention of the MoD to negotiate the aforementioned contract but does not constitute a firm order at this time."

It certainly looks to me that the equipment and expertise supplied by TPG is vital and the MoD feels it must tie up the company for some time.
This looks like a reasonable bargaining position.

[pavey ark] 02/1/2017 15:36

Who said anything about paying a dividend out of cash !!?

The payment of a dividend isn't a trivial thing, it is a mark of where a company is.

If, as I suspect /hope/forecast, this company generates an EBITDA figure of c. £3.5m this year and it starts the year with £8m cash then a dividend payment should be on the agenda.

Even if the share price rises to 10p a payment of £0.9m in dividend would give a yield of over 2%.
This 2% dividend would not make any difference to me but it does put TPG on the list of companies with a stable (increasing ?) income stream and that does make a difference in the investment world.

The company has said for some time that they were looking for acquisitions but they have also said that they are being very careful and any spending would be quite small and the target would be of the bolt on type rather than anything major.

Personally I think they are putting a substantial effort into their MS unit and the engineering unit has had a serious upgrade.
Once these units are where they want them to be I suspect they will move to add to them.

[chorister] 02/1/2017 13:56

Molatovkid - completely agree re ongoing dividends. However if they can't find suitable bolt in acquisitions then they may make a one off return of capital. If they end up with say £10m and are generating net cash, then in the absence of acquisitions they could return £5m - £7m without seriously changing the risk profile.

On the whole though I hope they do find the acquisitions and make them for cash, not equity.