Tp Share Discussion Threads

[ileeman] 12/2/2017 15:08

Cup and handle pattern
(weekly)


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[croasdalelfc] 12/2/2017 11:06

Another report in the Times about increased costs for Killer subs

[pavey ark] 12/2/2017 10:40

eastbutwest80,my view is that the seven existing nuclear stations are undergoing considerable upgrades to keep them going and that is where the work will come from.
In the long run new nuclear stations would require "fitting out" but that's a long way off and almost certainly above TPG's current capabilities.
In the early days of TPG having this heat exchanger business there were fairy large contracts going about for fairly large export orders.
The trouble with these large scale heat exchanger/condenser orders is that if a large number of companies can do it the margins are slim.
TPG now aim to do the whole installation from start to finish(with all the add on bits) with much better margins but comparatively small projects £0.5m/£2m.

There is also the defence side with the new Trident boats and working with BAE.
I'd be surprised if some of this vast and expensive project doesn't come their way and few (if any) other small/low cost engineering companies are "fit for Nuclear" AND have the security clearance.

[eastbutwest80] 12/2/2017 10:03

Just read that Toshiba are considering pulling out of the new nuclear build at Moorside. I wonder if this will have any bearing on the strategy of the engineering division or if they are looking further afield as new nuclear power stations are going up all over the world, especially Asia. Did anybody get any info on the new nuclear strategy from the investors forum? I remember it being mentioned but not much else.

[pavey ark] 11/2/2017 10:28

Maintenance issues with the current non deterrent "attack" submarine fleet.
It seems that some newspapers are running the story that all seven are out of commission at the same time.
Admittedly four of the boats are the older boats being replaced by the Astute class and one of the most recent Astute boat is undergoing sea trial and another was involved in a collision but you know how the papers like this sort of thing.
I can't help but think that this has prompted the MoD to set up some very long term, binding and detailed contracts with suppliers to reduce the likelihood of this happening again or it was always on the cards.
Hard to say what effect, if any, this will have on TPG and their current negotiations with the MoD but provided there's no issue with TPG's kit (unlikely) then it can only help things along.

[timojelly] 10/2/2017 10:26

Nice to see a few sells going through. Nice summary Pavey. You can see why I think we will easily crack 10p this year and on into the teens. TPG can't hide from other institutions and growth investors for much longer.

[pavey ark] 10/2/2017 09:48

I don't usually comment on daily share prices but the guy swapping his 71k shares from one account to another should get a better broker.
The most I've ever paid for this sort of transaction was £50 and usually for more than 71k shares.

Anyway back to fundamentals.

I see good old Edison are predicting revenue of £21.7m this year rising to £25.1m next.

Obviously these figures don't include the recent acquisition nor do they include the upcoming MoD contracts but they also miss/ignore a number of other developments.

Maritime: the MoD work last year was c. £4.2m the new contracts are for £7m to £10m a year

D&T: Revenue has been bumping along at £1m but the maritime unit is about to pass very large design contracts to them (BAE: Trident, DCNS: Australian work starting).
My guess is that revenue could rise to £2m/£3m.

MS: Revenue was predicted to rise to £2.5m but with the recent acquisition now £7m.

Engineering: with recent order surge and substantial cap ex I expect an increase from £7.5m to c. £10m.

With little organic growth I expect the Edison figure to be out by £10m and could easily be out by £15m.

To be fair to them the MoD contracts and acquisition account for £8m/£10m of this increase.

Obviously a £35m revenue figure for this year is some way short of the suggested target of £100m by 2020 and even a rather spectacular organic growth rate of 20% would only see £60m by the end of 2020 but I believe that recent bolt on acquisition is the way they will go.

They still have cash and should add to it by a reasonable amount this year so the next move could be a specialist engineer at £7m/£8m next year.

I have no doubt they have a very careful plan set out and so far they certainly look like they know what they are doing.

Edit: got a bit ahead of myself there as the MoD contracts haven't been confirmed and not quite sure of the start date for the new acquisition but neither will be for anything like the full year.
Best for me to alter my guesstimate to the twelve months from say April, but you get my drift.

[tiltonboy] 10/2/2017 09:28

iLeeman

...lol...

[ileeman] 10/2/2017 09:08

Looks ready to fly soon.

Breaking out of a few resistance lines + attempting to break yearly resistance. I expect once it does to breaking above it we will start seeing volume coming in.


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[timojelly] 10/2/2017 09:00

Isn't taking much to move it.

[timojelly] 10/2/2017 08:59

Let's see if we break out and hold on to a couple of pence

[nw99] 10/2/2017 08:55

100k buy takes bid to 6.75

[ileeman] 10/2/2017 08:55

Very close to breaking out.

Strangeley 6.75p to buy and 6.755p to sell.

[pavey ark] 08/2/2017 09:34

Seems to be a lot more on their web site since I last looked.
I'm glad they're not claiming to be web designers as it's rather clunky, can't even find a heat exchanger they designed and I was looking at it last night !!

This is the best way in

Sectors....Defence...Submarine systems ....link at bottom ....then just go backwards and forwards down the list at the left (always returning to the list)

Perhaps I'm not going the right way about it but a properly designed site should lead me better.
There is the point that web design is expensive and ,as I said at the start, bits have been added as the company has evolved (rapidly !!)

Wouldn't want money spent here and it is certainly worth a visit, not just a quick glance.

I think the most interesting find was the remote sensor/control technology that was designed by Corac to go down wells is there and in detail.
This is small beer but shows that there are still parts of the old money pit that was Corac that have value and TPG still hold the rights to this technology.
Also the compressor technology and the efficiency gain in renewable energy projects is perhaps something else that has slipped under the radar and at the very least is in the mix of things.

[ileeman] 08/2/2017 09:14

Only 150k max currently then goes to premiums.

So not a lot of stock about.

[fernandesb] 07/2/2017 23:17

Thanks Pavey and Glennborthwick,
I have no problem with any of the Directors being lazy, the recent developments highlight the good work being done by the present BOD.I will make it a point to meet some of the BOD at any future presentations and judge for myself.

[glennborthwick] 07/2/2017 23:10

yes hes still with the company. To be honest I'm with Pavey. The share I lost most with was always phoning PI's. In fact he lived a few miles from me.

As long as the share price goes up I couldn't give two hoots.

[pavey ark] 07/2/2017 22:55

This is some sort of a recurring theme here but the idea that this management team, with so much going on and given their obvious workload, should spend time chatting with private investors fills me with horror.
If you want to take some sort of comfort then you should know that over 60% of the shares are held by institutional holders and their average buy in price is significantly higher than the current price.
The large institutional investors have put serious cash in here and certainly exercise control over management.
The last time options were issued they said "OK 10p but only if the share price is above 15P for twenty consecutive days"
As the interests of all investors are pretty much the same small private investors should see that their interests are more or less covered.

As for any member of the management team being lazy I can only say that I suspect they wouldn't last long and given the progress being made and effort going in I can only take this as rubbish.
In addition, in over thirty years of investing in small companies I don't think I've seen a management team as willing to put their hands in their pockets and buy shares.

I haven't made any great effort to communicate with the company but when I did my enquiries we handled very efficiently by their very friendly PR company.

Once again an example of an efficient way to run a company.

No need to fall in love with a company or make the management to be some set of super humans possessed with super powers but not "I met this guy in the pub and he said" ......really ?!!

[fernandesb] 07/2/2017 22:36

Hi Glennborthwick,
Thanks for your comments,is the Director still with the company (tpg)?
I am confident about Tpg as i feel it has a great future. Acso reminds me of Asos I attended a presentation at the Business design Centre 20 years or so ago when they floated at 5p a share my friend purchased £5000 worth (100000 share) sold at 86p they were worth over £80 at one stage.

[glennborthwick] 07/2/2017 22:28

haha - I was an original buyer of loq at sub 10p (now £15) but sold out at about a quid and I know who you mean.

I think you always have to wary about all management - I'm told they don't have time for small private investors but that personally worried me little. I like the story and the bloke grew his last company and got it taken over at a nice profit so in for the ride.

[fernandesb] 07/2/2017 22:23

Hi All,
I have just attended a presentation by Accesso(Asco)formerly lo-Q if any of you remember, this share was a "penny share" in early 2000's the share price now is over £15.to cut a long story short i met an investor there to whom i mentioned Tpg.
I did not get his name,but his comment was that he would not invest in tpg because one of the directors was a very ,very "lazy person" I have shares in Tpg as i think the Fundamentals are strong,any comments would be appreciated.

[timojelly] 07/2/2017 19:18

Pah! I can see you reviewing that Pavey. Lots going on.

[itchycrack] 07/2/2017 18:56

And yet more excellent news....