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
  -0.05 -0.69% 7.15 946,281 09:42:08
Bid Price Offer Price High Price Low Price Open Price
7.00 7.30 7.20 7.15 7.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 39.04 -0.11 0.02 357.5 54
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:30 O 17,500 7.125 GBX

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Date Time Title Posts
03/7/202007:12TP Group plc5,607
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 7.20p.
Tp Group Plc has a 4 week average price of 5.10p and a 12 week average price of 5.10p.
The 1 year high share price is 9.10p 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 3,908,956 shares. The market capitalisation of Tp Group Plc is £54,237,458.56.
petomi: According to the full annual report on the website (well worth a read if you haven't seen it), P Cartmell has 22.2m options exercisable at 7p and D Stroud the CFO 10m. These were granted in 2017. See p55. Per the 9 May 2017 RNS the vesting conditions are: The New Options are exercisable at a price of 7p (representing the closing mid-market price of an ordinary share on 8 May 2017) are split into three tranches, and are subject to the following conditions: · Each tranche will vest evenly over three years · Each tranche is subject to performance criteria as follows: o Tranche 1 being that Company's share price is no less than 9.1p for 20 consecutive dealing days on or before the 3rd anniversary of the date of grant. o Tranche 2 will vest if Company's share price is no less than 10.5p for 20 consecutive dealing days between the 1st and 4th anniversary of the date of grant o Tranche 3 will vest if Company's share price is no less than 12.1p for 20 consecutive dealing days between the 2nd and 5th anniversary of the date of grant. The cancellation and resetting LL refers to at 5489 may have been egregious (details are in the RNS) but sitting where we are now Tranche 1 won't vest and at least they are incentivised to get the price above 10.5p/12.1p to get anything from Tranches 2 and 3 GLA
flotogo: Pavey has been a credible poster on here for years. Bit harsh saying about not liking change considering they had grasped the potential and workings of this share long before most. Tpg has constantly changed, evolved, given the market good news whilst being backed up by numbers yet the share price has never responded. It’s little wonder there is some scepticism at the recent upturn in share price and poster activity when we’ve been here many times before
pavey ark: Well before the end of this decade PC will not be in post as he is at least 68 now. TPG is not his to sell there being the small matter of large institutional shareholdings (even after L&G). What I do think is possible is the company splitting into two with the consultancy part being floated. The only problem is that cross selling has always been the big theme so who knows what will happen. Covid will have put the best laid plans on hold. I don't think the long suffering, long term holders will see the very slow rise in the share price repeated as I think there is real promise and momentum here. ( I refer to the share price as the performance of the company over the last three years has been excellent)
74tom: TrentEndBoy, you really aren't showing much common sense are you? Re. 15p takeover, if an entity publicly submitted an offer at that level tomorrow, the share price would immediately rise to 15p. I'd imagine the directors would declare that the bid fundamentally undervalued the company and would flatly reject it. The bidder would then either have to come back higher or attempt to acquire enough shares on the open market to force their hand, causing the share price to rocket. As such, an aggressive takeover bid is very unlikely to succeed. Two examples in this sector spring to mind, Linde invested £38m in ITM for a 20% stake in the business @40p last October. If it was so easy to simply acquire a business, do you not think they may have done so? Now ITM sits at £3 and win for both companies. Secondly, Bosch invested around £38m in Ceres Power at a share price of £3.20 to increase their stake of 18% of the company. Again, don't you think they would have bought the whole company out if it was so easy? The price is now £5 and rising. As further evidence of why 15p / £116m market cap fundementally undervalues TPG & their developing Hydrogen business (plus their other very exciting work!), have a look at the market caps of Powerhouse Energy (£75m), Proton Power (£470m) and Nel (£1.1b), all are loss making to varying degrees. Nel are making huge progress, but their revenues are still inferior to TPG's 2019 results. Proton Power have a massive debt owed to a majority shareholder of arounf £60m, however that still hasn't stopped their share price rising by around 800% in the last 18 months...they have never reported a profit & Q1 revenues were €6.4m... Powerhouse Energy has no revenue at all, it's focus is on turning waste plastic into Hydrogen, it had £250k cash in the bank at last results and an EBITDA loss of £2m or so. And trying to claim that the hydrogen industry is a fad / waste of time merely shows naivety of the highest degree, everyone is laughing at you not with you...have you been reading the news at all lately?!
catch007: Though its lovely to see an upward spike in the share price and holding firm today the share price is still only a fraction above the 6.5p LTH paid at the fund raise in 2017. So acquisitions, organic growth and new product developments are all currently in the share price at just 0.2p. Basic fair value range should be more 8-10p imho and projecting forward conservatively 11-12p on current growth prospects. I do hope that we see a significant move north now and not the usual retrace into a rut. Someone mentioned they would accept 9p from a bidder on the BB I honestly believe this would seriously undervalue the company 'EVEN ON AN ADJUSTED PROFIT BASIS' lol. Fingers crossed the upward trend continues and long suffering, patient PI's start to see some benefit for their investments.
catch007: Thanks alimo. A divi would be nice but I simply cant see it for some time. I have been looking closely at the progress being made by Sapienza, it could become the jewel in the crown for the group. Major recruitment drive for space specialists currently underway (several NATO roles), annual income is already underpinned with new contracts until 2022. The CEO Andrea Bennetti has put out a very bullish overview of progress and opportunities available now within the enlarged group. They have launched a new version of the Eclipse software suite which augers well for new business. Certainly a growing business with unique capability yet value not reflected in the dogmatic TPG share price. GLA
rivaldo: Nice article which hasn't been posted here.... Https:// "New contracts mean it is time to give TP Group its due (TPG) 14 Apr 2020 | Tom Rodgers One of the most unfairly slept on shares on the AIM market to my mind is TP Group (LSE:TPG). The UK defence specialists keep on churning out a strong and growing pipeline of orders and with a little patience I see strong upside to the share price. The liquidity isn’t spectacular but I anticipate that traders won’t be able to ignore them for much longer. Multi-million pound contracts with specialist governmental departments almost always bode well for a strengthened share price. I believe TP Group has been unfairly slept on by the market. Before the coronavirus-induced market crash, shares were trading in the late-6p range, and rose as high as 8p in the days before 19 March. I see at least a return to 9p in the medium-term with a higher target of 10.5p by the start of 2021. etc"
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...
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.
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
Tp share price data is direct from the London Stock Exchange
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