Tp Share Discussion Threads

[zcaprd7] 10/7/2017 00:14

Big placing coming... 20 acquisitions lined up, 10 on discussions apparently... Cartmell is a deal junkie!

[pavey ark] 07/7/2017 07:24

nap 14,
no single link just googled Mod FATS and moved about from there.

HI trading update due next week and after the AGM statement it can't really be anything but very positive.

Both brokers forecasts are for EBITDA 2017 of c. £2.5m which from where this company has come from is obviously excellent.I expect TPG to go with the old "in line with market expectations" for now then upgrade near to the year end.
(MY EXPECTATIONS are for an EBITDA of over £3m but the H1 update then the H1 results should give a clearer picture)

[napoleon 14th] 07/7/2017 00:14

Hi Pavey? Very interesting. Would you happen to have a link to that? TIA.
Else, share price very steady. It is said spare shares in the market are being quietly picked up without putting pressure to the upside. Someone patiently hoovering?
Good times soon look a high probability.

GLA.

[pavey ark] 04/7/2017 12:46

Time to spare today so had a look at the MoD FATS/5 framework that TPG has recently been included in.
At the time of the announcement a rather ill informed poster described this as "fake news" and not worth a RNS but it is actually worth about FIVE announcements.
Not inclined to post at length but well worth a look and ties in with the "thin prime" work we had been promised.
Just one point here is that in Feb 2016 Simon Kings spoke at great length and with great enthusiasm about "thin prime" but nothing much has happened I now see that these MoD frameworks last for two or three years and if you are not IN you are OUT.
In Feb 2016 they would be preparing their bid to get in (April 2017)but now they are in things should move at a pace.

[septblues] 02/7/2017 17:53

with today's announcement on BAE's agreed deal to build the first 3 of 8 Type 46 frigates we can expect an uptick in defence stocks and those related to BAE. Don't know what impact tho' it will have on TPG.

[pavey ark] 29/6/2017 21:09

ebw, on the other hand this is from the first page of this year's annual report.

"Our goal is to create a strong tier 2 engineering and services provider delivering sustainable profit and cash flows from annual revenues of c. £100m."

Revenue this year should be close to £30m so hard to see them meeting their target without spending big.

They are highly unlikely to rush in and I suspect it may be done by spending £2m here and £3m there.

Organic growth plus careful purchases would/could see revenue rising strongly.

[timojelly] 29/6/2017 13:04

Kaaaaaaammmm onnnnnn... Sp

[pavey ark] 27/6/2017 21:58

ebw, not sure I agree with you here.
I think that there's plenty to go for in the Engineering unit and the MS unit.
The Design and technology unit is to be rolled into the MS unit (bringing all those tax losses with it ?)so they may be focused there.

Last year engineering lost £1m , D&T lost £1m and MS made a small loss.

If the management can turn engineering round and that looks very likely, bring D&T to break even and boost MS with these new acquisitions then we are doing very, very well.

A loss from theses units last year was over £2m at an EBITDA level.
The Maritime unit made £4.2m.

If the losses can be turned into a £1m profit and Maritime rise to £4.5m then we have an EBITDA (adjusted) of c. £5.5m
Take away central costs of £1.5m and we have an EBITDA of £4m.

I estimate a year end cash balance of £7m so these figures would easily justify a share price of 11p or a 50% rise from here.

The above scenario would show that the heavy lifting had been done with these units and they were steady and cash generative, at this point I would like to see management make a sizeable purchase.

[eastbutwest80] 27/6/2017 20:35

Its nice to see a bit of stability at this price, I noticed a number of large buys before the LSE took down the trade viewer that makes me wonder how long it will be before they announce the next big thing? As ambitious as TP appear to be, I would like to see a big move. They seem to have the right idea with ALS and MS but with Brexit discussions starting, it seems like there is a huge gap for the maritime/engineering division to move into and wrap up the UK high end markets.

[trentendboy] 22/6/2017 09:12

Good RNS.Gives the company serious credibility with other customers overseas like the Middle East and ChinaA great hedge company as defence is quite literally a defensive stock play

[timojelly] 22/6/2017 07:38

More than a tick in the box I agree Pavey.

[pavey ark] 22/6/2017 07:36

A significant event as it underpins the company's ambitions regarding their Managed Solutions unit.
As the MS unit has the potential to be a very significant provider of revenue in the near future, most shareholder will take serious note of this announcement.

[albanyvillas] 22/6/2017 07:14

Fake news not worthy of an rns

[timojelly] 19/6/2017 05:21

I can sniff out an rns this week

[pavey ark] 16/6/2017 14:38

The excellent TPG home site is always worth a regular visit.

Just had a wander through it and a number of things caught my eye:

1. They are trying to sell to the Chinese (nuclear engineering)
2. The jobs list is full again. After filling seven or eight posts recently they are advertising for more staff.Things certainly look to be going well,especially in the engineering unit.
3. In the Maritime section ,under "propulsion", there is a part on AIP in conventional submarines. Fuel cells in conventional submarines is the big news and TPG look be very well placed.
(Don't know how new this bit is but I don't remember seeing it before.)

Looking good !!

[timojelly] 12/6/2017 08:32

Hopefully a little more pressure this week and we'll have 8p bid

[cumftablie num] 08/6/2017 21:24

omg Deme 1 promised me i could buy @ 4.5p whats gone wrong?

[septblues] 07/6/2017 08:51

PA apologies, should have said 2254 and 2256.

Could have expressed it slightly differently to slighty change emphasis but am generally comfortable with my posts.

A media management or financial IR/PR course might underpin what I've said

[pavey ark] 06/6/2017 15:22

Septblues, Just re-read my post 2254 and nothing in that post remotely suggests I had preferential access to anything.
You will remember that you suggested (strongly) that the company or/and its PR company had changed TPG's status regarding certain media lists etc.
I simply asked the PR company and they said that nothing had changed and nothing had been done that would suddenly "allow" IC to cover TPG.
It is hard to see how someone saying that nothing has changed,in this context, could be taken as disclosing sensitive information.
This statement covered the two and a half years that the company had represented TPG.
I am always willing to share any information I have or have recently obtained.
Although I would hope that I would not mislead anyone (intentionally or unintentionally) this is hardly to be to my advantage as I hold a large number of these shares and don't intend to buy more or sell any at anything like these prices.

[septblues] 06/6/2017 14:56

Yes PA, research and reasonable queastions is part of my world too. And I agree it's not difficult at a superficial and public domain information level. It's just that your 2254 post implied that you had preferential access to contractual and commercial detail which is not available to other PI's, or indeed all TPG employees without a great deal of work and senior permissions, as well as the permissions to share that information publically and externally with a limited few.

[pavey ark] 06/6/2017 13:50

Scaleyman, I bloody hope so they spent enough getting them !!Perhaps worth asking this as well but I must say that the response isn't always swift , if it comes at all.

[pavey ark] 06/6/2017 13:46

Septblues, I do research and ask reasonable questions, both options are open to you if you want to give it a go.I managed to get hold of the recent broker's reports (not that difficult but effort required?) I don't think I have information not available to others and as for as my recent post about the renewable energy side I will simply ask the company if they could perhaps update their web site with the latest details/progress.Not difficult !!

[septblues] 06/6/2017 13:21

How does PA know all this info?. Are you a former employee? If so how do you have such solid detailed anmd accurate inside information from the current management and why are they so willing to impart that information to you but not to the market?

Just curiosity.

[scaleyman] 06/6/2017 13:06

Pavey, do we still have the patents and IP rights for the old compressor days?

[pavey ark] 06/6/2017 12:09

Bullster, I've been interested in this application for some time but mainly from a technical angle but it must be said that it is well under the radar.

The news flow from this and Spiral Sarco is almost non existent but it is also fair to say that ABSOLUTELY NONE of the very expensively acquired IP related to the frictionless compressor business is included anywhere in the current valuation.

I think I'll chase this up and see if we can get some information as to the current state/potential earnings from the compressor/renewable energy side of things.

Talk of the D&T unit breaking even soon (2018) but also mention of it being rolled into the MS unit.