Tp Share Discussion Threads

[pavey ark] 11/8/2017 11:11

As I suspected it would things have gone a bit quiet on the news/acquisition front but things are certainly still moving forward.
I regularly check on the jobs list on the web site and there is plenty of activity there.
The most interesting thing for me is the number of top end jobs in the Maritime Unit.
Although not as important as some posted recently I notice that they are looking for an assistant stock controller and this certainly suggest an increase in production.
I had the old calculator out and looked at the Maritime orders over the last twelve months and then tried to workout the revenue for the current year (the £5.3m BAe contract I put £3m to this year, the £1.7m TKMS contract I put £1m to this year and so on).
I make the current additional revenue to be £11m with the follow on orders from last year still to be added (i.e. work completed this year but contract announced last year or earlier), four months of the year remaining and the company only announces contracts of c. £500k so additional work could have been done.

Although much of the attention has been focused on the fund raising and expansion of the other units I feel that Maritime is still very much on an upward path and should generate much cash.

[timojelly] 09/8/2017 15:26

Roll on the first acquisition I say.

[eastbutwest80] 08/8/2017 07:19

Thats good to hear Cerito! I would just like to have some exposure to what is happening at the next level down as I think this gives a good indication to the future of the company.

[cerrito] 07/8/2017 16:41

For me you are right to question the management infrastructure eastbutwest 80; that said I would be v surprised if Kings or Cartmell left for another position and surprised if Stroud did the same; let's hope all three lead a healthy lifestyle..at the AGM they all appeared hale and hearty.

[eastbutwest80] 07/8/2017 14:37

I have been thinking about the next tier of management as I am concerned that fundraising took place around stakeholder buy-in of Kings, Stroud and Cartmell. When you couple this with the prior announcement of share options to 'key individuals' I would be interested to know whom these options were for as my worry is based around risk management of Maritime and what the loss of the key individuals there would do for the rest of the business. £20m acquisition fund must have a decent management infrastructure to support it otherwise the risk is that you have a number of independant businesses with no commonality; are there group resources that will help to join up these businesses from a finance, quality and sales perspective?

[pavey ark] 04/8/2017 09:04

By recent standards this has been a quiet week but given the fund raising I don't think there would have been much chance of anyone taking a holiday.
There may now be a breathing space then I expect things to move on at a pace.
The three examples given in the shareholders circular are probably done deals and I expect a series of acquisition announcements over the coming weeks.

[arf dysg] 02/8/2017 10:30

Phil Cartmell reminds me so much of Cartman from South Park. It's hard not to keep referring to him as Cartman.

[arf dysg] 02/8/2017 10:28

TrentEndBoy (2357) "Tilton, then you must be a massive holder so to speak"

I can hear Prince Philip chortling. I can almost see his twisted smile.

[timojelly] 31/7/2017 18:28

Looking forward too some shareholder value being created here with all that cash and moving into profit. Aka north of 15p for a start. The take up in the offer by institutions is encouraging (knowing a lot more than us minions)

[scaleyman] 31/7/2017 15:20

Bump into him regularly here in Bishop Auckland, he lives about two hundred yards away at the entrance to Auckland Castle. Get yourselves up to see Kynren, he usually has corporate guests at each show!! ?

[trentendboy] 31/7/2017 14:38

Interesting new holding news.

[timojelly] 31/7/2017 10:30

Expecting this to tick up.

[pavey ark] 31/7/2017 09:29

tiltonboy, thanks for that.
I thought this announcement was just one of the institutional holders crossing a threshold but this looks like a very big and new investment by a very sharp guy.
I suggest interested people do a Google search on Ruffer LLP and have a look at the Telegraph article.
If my reading of the situation is correct then this guy thinks that the markets are overvalued and due for a fall yet is investing heavily in TPG.

Open to correction here as I just did a quick search and scanned the results.

Edit: "Ruffer LLP now controls the voting rights over 72,923,077
shares (9% of the voting rights) of TP Group plc which
are held by the discretionary clients of Ruffer LLP
and its subsidiaries (the voting of which is all controlled
by Ruffer LLP).
This change from less than 5% to 9% is due to the purchase
of 72,923,077 shares during a placement on 28 July. "

I make that a purchase worth £4.74m and that from a guy who certainly seems to know something about investing.
It is worth noting that he would get the full sales pitch from TPG and lots of info.

[tiltonboy] 31/7/2017 08:57

Now, that's a new Blue Chip holder.

[eastbutwest80] 31/7/2017 07:20

Bullster, I have only just read your comment about the jobs and I think this represents an interesting update on the strategy of the engineering division; the sales presence in the nuclear world and the mention of aerospace and F1 suggests that they are trying to move in to the very high end and profitable markets. I remember speaking to Simon Kings and the sales director back at the investor forum and them both saying that nuclear and aerospace is the future; very credible and its nice to see that they are still following through with the plan. Its worth noting, however, that aerospace in particular is notouriously difficult to crack so I would expect sizable investment and maybe acquisition if this really is a market they want to break into. F1 is interesting too as the UK supply chain is diminishing against market expectations and I understand that cooling is becoming more and more of an issue (although really not my expertise) but its a very fast paced area to move into. These 'new' markets could reposition the engineering division and it seems like management have a clear plan on the direction of it.

[scaleyman] 30/7/2017 19:32

Or was it all fairy stories and we was well gulled??

[scaleyman] 30/7/2017 19:31

Are there not still other uses for the DGC technology which may be less aggressive? Given the gazillions of quids thrown at it, do we still have the patent rights for bearings etc??

[timojelly] 29/7/2017 13:54

The Dgc had problems and was mothballed after on 24hrs or so down a well, don't quote me. Let's alone a few years constantly running to decommission a well. We are past this now, it still needs a lot of work and we ain't going that way again.

[bullster] 29/7/2017 11:10

.
Amongst the job vacancies, this one caught my eye as it gives a view as to where TPG are aiming:-
Sales Manager AMS Sales

TP Group - Dukinfield
Permanent

The successful candidate will establish the sales support for our new Advanced Manufacturing Cell business, to build this into a profitable and successful arm of TPG Engineering.

 Substantial experience of the
aerospace,
nuclear,
(Formula 1) F1 or other high- precision related engineering services .


.
.

[humphries1] 29/7/2017 10:47

i thought the DGC would empty gas wells that they could be shut down with no more expense afterwards, theres a hell of a lot of wells in the north sea that are not producing.
please correct me if i am wrong

[fse] 28/7/2017 16:37

I agree with PA that people really need to move on from Corac days. I had some funds invested in Corac back in the day. The concept was intriguing but it never progressed past the trial stage. I was burned with the original funds I put in as a start up venture. Was tempted to invest more but there were always too many unanswered questions and no major investor in the sector taking any more than an interest.
I doubt in todays climate the DGC will ever be taken out of moth balls.

TP group is a separate venture and needs to be looked at that way. Maybe we all know that but skepticism remains and that has limited many investors from taking an eyes open view. I have shares in TPG which I am content holding on the basis of what is actually going on.

Again thanks to PA for keeping us all up to speed.

[pavey ark] 28/7/2017 14:27

Investors Chronicle have repeated their buy recommendation.
The reiteration of their buy call from the first of June is largely based on the new Asian submarine equipment contract.

[timojelly] 28/7/2017 10:07

Sizeable offload out the way there.