Share Name Share Symbol Market Type Share ISIN Share Description
Tp Group Plc LSE:TPG London Ordinary Share GB0030591514 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.00 624,496 07:38:38
Bid Price Offer Price High Price Low Price Open Price
5.80 6.20 6.00 6.00 6.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 39.04 -0.11 0.02 300.0 46
Last Trade Time Trade Type Trade Size Trade Price Currency
10:52:00 O 2,031 5.84 GBX

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Date Time Title Posts
07/4/202016:25TP Group plc4,679
17/12/201909:05TP Group (formly Corac)16

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Tp Daily Update: Tp Group Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TPG. The last closing price for Tp was 6p.
Tp Group Plc has a 4 week average price of 3.85p and a 12 week average price of 3.85p.
The 1 year high share price is 8.25p while the 1 year low share price is currently 3.85p.
There are currently 758,565,854 shares in issue and the average daily traded volume is 731,633 shares. The market capitalisation of Tp Group Plc is £45,513,951.24.
napoleon 14th: TPG have been playing it clever for some time. For years and years, in fact. The share price proves that investing can be a very long term game.... I just hope this is a signal that something is finally going to set the price alight.
kiwihope: At the end of the day this is still a company making zero profit after tax. It has been like this for the last 3-years and is forecast to be like this next year as well. It's all very well saying EBITDA or adjusted profits are rising but so are exceptional costs. Net result, no increase in after tax profits which is real money available for distribution to shareholders. I am quite positive about the company but the reason we have a flat share price is because EPS is flat. Until the company starts to grow EPS then, apart from some extraordinary event, the share price will go nowhere.
kiwihope: ONJohn, Don't judge by the share price, judge by financial results. These are much better than before PC took over. The share price was too high some years ago, it has stayed put while company performance has grown to meet it. If we continue like this then the share price will eventually start to rise, but it will probably still take years. If you haven't the patience you should sell up.
kiwihope: The share price has been between 6p and 8p for the last 3-years. EPS has moved from a small negative to a very small positive over that period. After-tax profits have been broadly stagnant for 3-years so is it such a surprise that the share price has been stagnant also? Am I the only one who values companies based on after-tax profits? Having said all that I am of the view that the company has improved over those 3-years, in terms of sales, prospects and future potential. But until this improvement shows in increased after-tax profits then the share price will not move upwards. In fact I think the share price is already implying after-tax profits of £2M or so. Therefore it may be a case of the share price staying largely static for another few years while the financial performance 'grows' into the price, if you know what I mean. The worse case is some mishap - at present there is not a lot of underlying support for the share price Much better to carry on as we are, nice and steady. In a few years hopefully that support will increase by virtue of increased profits and then we may be away...
rolling ronnie: Buywell. Totally irrelevant chart without the number of shares in issue against the share price. A company with a share price of £100 and one share is worth the same as a company with a share price of 10p and 1000 shares!!
kiwihope: I almost fell off my chair when I read Pavey's post! If the company's share price is "about right" now at 6.6p, what was it almost 3-years ago at 8p? I would suggest it was a tad overvalued at that time. I have said for a long time that the share price was too high for the fundamentals BUT... I continued to hold because I was willing to take the risk that fundamentals would catch up with what I call the HOPE share price. It looks like this is now happening. Yesterday's statement was pretty good but the share price has actually gone down a little! That suggests to me that the valuation is converging towards reality. The market is now starting to look at TPG as a proper company that it expects to make AFTER-TAX PROFITS. HOPE is now giving way to fundamentals. This is all good, providing the fundamentals continue to improve. The share price should slowly become more solid. It's a bit like a house price boom causing prices to get too far ahead of wages, eventually house prices stagnate and give wages time to catch up. It makes for a more stable and healthy housing market.
catch007: I hope the free cash flow does continue to increase the cash pile at end of year however there may be a number of possible events impacting the cash position. 1. Continued recruitment adding costs? - hopefully offset by organic growth and new contract income flow. 2. There is a small amount payable for purchase of Lyft BV stake (228k EU over next 18 months). I also expect TPG to take 100% of the equity in due course - maybe circa 470k EU for the residual 33% equity stake. 3. A further acquisition? - Note Phil Cartmel's comment - 'The strength of the core business, plus the exciting additions that we have made, and intend still to make' This indicates to me a further purchase must be on the company radar. Whether this comes around in this financial year we will have to wait and see. As a value investor the share price does not look about right to me it looks hugely undervalued. Subscribers to the fund raise bought at 6.5p per share - the share price today stands at circa 6.8p. In the intervening period we have seen major progress in every business metric other than bottom line profit (though TPG carefully manage this to minimise tax liability), we have also seen 4 quality acquisitions FSS, Polaris, Westek & Sapienza (+ Lyft BV)- so all of this is worth just 0.3p in share price terms and we still have £9m in cash. Each investor must take their own view on value at this price range I personally will continue to add as the prospects look very bright to me.
catch007: Decided and bought a further tranche of shares this morning in TPG based on the results and new contract extensions. The share price does not reflect the value or progress of the company and the downside risk remains limited given existing cash pile and free cashflow improvements. Seems a bargain to me at this price. TPG continually tests our patience as good news does not move the share price north however in this year I confidently expect substantial new contracts. In the interims TPG announced they were in negotiations with three prospective acquisitions only one has been executed (Westek) so it would not be a surprise to see news on this front with a new acquisition funded from existing resources. The CEO goal as I recall was to build a £100m turnover company organic growth alone (whilst good) needs to be supplemented by quality bolt on acquisitions. Many on the BB have commented on their 'sum of the parts' share price valuation view. My own target price range is 8-10p which I believe is achievable in the near term like many others I just get frustrated that the rerating hasn't happened in a long time. GLA
swiss paul: Mr Ark a salutary message for the new year and one that my drive the price. This is an extract from the recent Sharesoc newsletter. These guys look out for us small PI's and well worth joining. Anyway here we go: Fat Santa Award TPG - Phil Cartmell: Appointed CEO of the then Corac in Sept ‘09 with the share price ~40p. Given 2m share options at 42p. 6mos later another 300k options were granted at ~21p. Fast forward to this year - several fund raisings later, several further option awards later, share price is down to ~6p....On 9/5/17 Phil handed in his then 9.3m share options and in return received 22m options at 7p! Of course has v strict vesting conditions (TPG share price needs to be from 9 -12p for full vesting...) Scrooge: * TPG - Phil Cartmell – for amazing destruction of shareholder value while enriching the man who has overseen the process! Happy to say Phil did not win that inglorious award that was one by someone with a bigger self interest - hmmmm even I did not think anyone was more #self centred' but apparently there is: Jeff Fairburn of Persimmon walks away with the Fat Santa award and ........................................................................................... Accrol Holdings wins the Scrooge award, for shocking the market and needing a dilutive emergency fundraise,announcing only a few months after their IPO that their business model is flawed. If it’s any consolation, the Directors who bought in the dilutive placing at 50p are 25% underwater already! IOTS
pavey ark: Septblues, I must apologise for that rather "from the hip" response to your detailed and plausible post. I don't necessarily go along with all of your conclusions and I'm making enquiries but I am pretty certain that the editorial staff at IC have a free hand. One thing that is certain is that IC were pushing against an open door here as the share price had reached very silly levels and the prospects for the company were looking better than ever. This may have been very good timing for IC as they like to tell people how well particular tips have done and even with yesterday's share price leap this only puts the TPG share price close to or even less than where it should be at this stage. Looking ahead I consider the most important part of the business to be the engineering unit. If the previous loss of over £1m last year can be reversed there are fairly massive implications for the bottom line and the indications are that things are going well.
Tp share price data is direct from the London Stock Exchange
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