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% 6.75 126,677 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.60 6.90 6.75 6.75 6.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 39.04 -0.11 0.02 337.5 51
Last Trade Time Trade Type Trade Size Trade Price Currency
15:52:57 O 5,000 6.768 GBX

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Date Time Title Posts
15/11/201920:39TP Group plc4,202
01/5/201909:21TP Group (formly Corac)15

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Tp (TPG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-11-15 15:52:586.775,000338.40O
2019-11-15 15:44:346.7715,0561,018.99O
2019-11-15 15:10:336.7729,4031,990.00O
2019-11-15 13:13:066.6012,000792.36O
2019-11-15 12:07:076.775,868397.26O
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Tp (TPG) Top Chat Posts

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 6.75p.
Tp Group Plc has a 4 week average price of 6.30p and a 12 week average price of 6.30p.
The 1 year high share price is 7.85p while the 1 year low share price is currently 5.85p.
There are currently 758,565,854 shares in issue and the average daily traded volume is 962,985 shares. The market capitalisation of Tp Group Plc is £51,203,195.15.
pavey ark: tm, I certainly concede that you were correct in saying that the previous options had an exercise price of 10p and 15p and they were replaced by options with an exercise price of 7p BUT you omitted to point out that theses new option were in three tranches with performance criteria of 9.1p,10.5p and 12.1p. For once the institutional investors actually stepped in and insisted that the share price must remain above the performance criteria for 20 trading days which effectively added at least 1p to these figures. At the time of these options being granted I pointed out that they did not bother me (they still don't)as I wold be quite happy to see a share price of 10p to 13p. Another point is that with the almost doubling of the shares in issue the old options would have to be rebased. As is the way under the capitalist system, that all shareholder subscribe to (support?),the management didn't miss a chance like this. If you are going to grant options to any management, in any company, these don't stand out and they do make the recipients look less rapacious than many others . NB: not saints just less greedy but the bar is set quite low.
larry laffer: timojelly without wanting to start an argument. The share price reflects the demand in the market for the companies shares. If people wanted them the price would rise. If people don't want them the price will stagnate. In other words the market can't be wrong Don't confuse value of the business etc with share price, that is a trap a lot of investors fall into. Ask anyone on here what the value of this business is and don't be surprised by the variety of answers you get.
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.
pavey ark: I can't think that anyone here was in any doubt about the difference between the French Navy and the Naval Group (which is part owned by the French government). The British navy uses TPG kit in all its submarines and BAE does not build any boats without using TPG equipment. So the French and the British use the TPG equipment but The French contractor for the Australian boats is not going to !!??? Where are they going to go ? Since the French have won the contract in Australia TPG have shared exhibition space with them in Australia and the Naval Group has signed a five year framework agreement and followed this with a £2m contract. Incase anyone here forgets (and I think they have) the submarine unit of TPG is worth £50m on its own. I've been out all day but on reading the statement again I can appreciate that management were stressing the newer aspects of the business and pointing out where they were going with it. All the other stuff, orders, t/o, recent contracts are already out there. I would have liked gush but they don't do that. They have simply not put a foot wrong and things are progressing very well. Management are responsible for development of the company NOT for the share price. This is a very diverse and well balanced company that generates cash that is improving cash generation at a great rate and still has 20% of its market cap in cash. Did I mention that their largest unit is the SOLE supplier of vital equipment to a large number of navies and once supplied the equipment provides 20/30 years of recurring income.
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
pavey ark: The main drivers behind any takeover are:- 1 The company doing the buying thinks that their management can do better 2 The target company is in some sort of financial trouble and in need of cash. 3 There is an economy of scale benefit. 4 The company doing the buying has a ready market for the new products. By far the main asset here is the Maritime business and TPG can handle that. I would consider that a payout from a takeover at this stage to be highly unlikely as the institutional investors and the CEO have put a considerable amount in here and at more than 10p. Just for the record : the last time I was banging on about hidden value here was three years ago and the share price was under 3p. For almost a year the price was under 4p. Even at the silly price we have today (couldn't resist a little more today)a share price of 4p gives a COMPOUND return of 15% over the three years and I know that myself and others bought at under 4p (even under 3p). I'm not sure what people want here as 15% compound for any length of time would make any investor very rich. In my previous post I STARTED from 7p as I thought that the lowest reasonable place for the share price but if you bought today and the price staggered up to 7p a year from now that would still be an additional 15%. Results tomorrow so all eyes on that with particular interest in the forward looking statement.
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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