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 0.94% 5.35 72,702 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.30 5.40 5.35 5.35 5.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 59.05 -5.18 -1.28 41
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:42 O 93 5.3448 GBX

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28/9/202122:20TP Group plc9,694
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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 5.30p.
Tp Group Plc has a 4 week average price of 5.15p and a 12 week average price of 3.18p.
The 1 year high share price is 7.30p while the 1 year low share price is currently 3.18p.
There are currently 758,565,854 shares in issue and the average daily traded volume is 264,106 shares. The market capitalisation of Tp Group Plc is £40,583,273.19.
catch007: I wonder where all the BB posters have gone during this critical time, a very quiet thread. Hopefully not migrated across to the rambling drivelmeisters thread for a bit of condescension and narcist commentary without commercial understanding or any real substance. Yet for all his many individual failings he is making money and I respect his allegiance to TPG and his personal conviction point of view. Equally surprising is that the TPG interims presentation on Investor Meet has only had 120 views. Given the number of PI's in TPG I find this astonishing when the EGM is almost here and the presentation gives lots of insights on the future of the company direction (should it remain independent, link below). If only the prior regime had been open and transparent with shareholders and had been focused on the things that matter, increasing bottom line profitability and building shareholder value (not massaging EBITDA and Adjusted Profits) then TPG would not be in this predicament now imho. I sincerely hope that the SAG resolutions fall at the EGM and they will have sit on their hands and holding for the time being. Lindsay is doing all the basic housekeeping needed now and appears to be a good appointment. He must be asking Stroud many accounting questions, why he did not oppose nonsensical headcount increases, why no Covid emergency funds were sought when the company was hurting, why use the remaining cash pile for Osprey impacting cash flow and what on earth was he doing as diligence as CFO on the AMS debacle? Answers on a post card! The EGM outcome will be a catalyst for change one way or the other. The margin call between 5.3p and 6.5p isn't hugely appealing (though I hope TPG final sale price goes for more) possibly worth a small short term punt around 100k but nowhere near the holding I sold at 6.5p. Glad to see many here are backing the BOD to resist the current challenge. McCree will go in time as he sits on a very wobbly peg and Chumley Warners days are also numbered but for the EGM moment I hope they survive. GLA https://www.youtube.com/watch?v=U5PJ0Gq37L8&t=203s
buywell2: TPG Maritime accounts dated 31st December 2020 are due by 30 September 2021 Clearly BAE will get some major work as well as General Electric BUT who will make the Air Systems ? Another US company could supply all of them boris is to be congratulated on winning this work for BAE as chartwise they needed it badly free stock charts from uk.advfn.com Back to TPG Marine --- New tenders for these vastly different Nuclear Subs will be going out to those that the two main contractors deem good long term bets to stay in business ie no dodgy 'going concern' statements --- especially with queries by experienced auditors ALL previous Aussie Sub related tenders and works are not now relevant = Costs and write-downs Re TPG Maritime TPG Maritime accounts dated 31st December 2020 are due by 30 September 2021 buywell expects cash to be lower as well as Net Assets ---------------------------------------------- However does the team think SAG will agree to a sale of TPG Maritime ? They will no doubt be getting closer to 29.99% of TPG shares With 2 SAG Directors on the BoD do you rampers believe TPG will be allowed to put ANY part ofn the company up for sale ? Well ---- do you ?
paulgo: These last few weeks (since SAG appeared on the scene) have been the most interesting time in my thirteen years as a CRA/TPG shareholder. Boredom and frustration have been the order of the day until now. If the TPG BoD have got their act together since the last set of results and Cartmell's departure, then this will become apparent in the interim results due on 14th Sept. If that is the case (and can be proven) the share price will rise and SAG will have to pay more than 6.5p for the shares they need to gain complete control. If not the share price will stagnate, possibly fall back a little and SAG will continue mopping up shares for the next six months. We can all think and believe TPG is worth more than 6.5p as much as we like, but the market dictates that a company (or anything) is only worth what someone is willing to pay for it. One thing is for sure, well two things actually, I'm much happier sat here with the share price at close to 6p than I was at 3.5p! If TPG goes for 6.5p I'll take about a £6k hit but so be it; after thirteen years I'm past caring. The other thing that is for sure by the way....SAG are not going away.
74tom: I'm not currently a shareholder here, however I was for a spell during 2020 and have recently bought shares in SAG. When I first stumbled across TPG I was amazed at the valuation, as at a superficial level it seemed very cheap. Dig a little deeper however, and it become obvious why the price had remained flat for years; copious share dilution & inept / greedy management. This undermined the whole investment case, as if you can't trust the directors then I don't see how you can be a long term shareholder. Phil Cartmell was on £400k + per annum for years and delivered ZERO shareholder value since taking over in 2009. He became CEO on 28/09/2009 and that day the share price closed at 46.5p. There haven't been any splits or consolidations since then, so that price was the yardstick with which to measure performance. 92% of value had been lost prior to the SAG bid... Andrew McCree joined the board on 01/10/2014, the share price at close was 5.5p and there were 422m shares in issue. Turnover that year was £21.7m. Surely, the number one aim should have been to become profitable ASAP. But no, instead they have increased shares in issue to 779m today. I therefore found the tone of yesterday's RNS to be odious. Why would there be any goodwill towards him from long term holders? The contrast with SAG is incredible. Martin Ratcliffe acquired the now Science Group via a hostile takeover back in March 2010; https://uk.advfn.com/stock-market/london/science-SAG/share-news/Offer-Rejection/42157585 A few months later he raised £8m at 40p a share and the company had 41.7m shares in issue. Prior to yesterday placing, SAG had 41.2m shares in issue and their shares were over 1000% higher than 10 years earlier. It is literally chalk and cheese.
hiddendepths: SAG managed to do an institutional placing at a premium to their share price. It would be interesting to see if TPG could do the same. I suggest not. I have both shares in roughly equal amounts. I have faith that my money will grow in SAG but suspect that the only reason the TPG price is anywhere near the present level is because of the SAG approach. Unlike many posting here, I am not of a mind to give the new man a chance. They should have talked to SAG. At least then they'd have a good reason not to see if there were potential benefits for shareholders - and themselves.
33mick: Today's SaG RNS re TPG Strategic Investment in TP Group plc Consistent with the 2019 strategic review, during 2021 Science Group approached TP Group in relation to a strategic investment and subsequently also proposed a potential acquisition of TP Group. The TP Group Board rejected all attempts to engage and Science Group therefore acquired its initial shareholding on 9 August 2021, progressively increasing to the current level of over 24%. An indicative proposal for a potential offer at 6.5 pence per share was made to the Board of TP Group, a premium of 67% to the TP Group share price prior to Science Group's initial investment. On 16 August 2021, one week after making the initial investment, Science Group informed shareholders of both companies that the strategic investment model was increasingly likely and this scenario was consistently reiterated. In parallel, Science Group continued to explore the potential offer which was always subject to certain pre-conditions, including the completion of satisfactory due diligence which was not forthcoming. Accordingly, the potential offer was withdrawn as announced on 3 September 2021. Therefore, as indicated in mid-August, the Science Group strategy is to manage its strategic investment in TP Group in an active manner. To that end, Science Group requisitioned the Board of TP Group to call a general meeting of TP Group shareholders to consider the constitution of the TP Group Board, including (i) the removal of two TP Group directors who have presided over the poor performance of the company in recent years and (ii) the nomination of two directors from Science Group who have a demonstrated track record of delivering value to shareholders. The TP Group general meeting is anticipated to be held within the next few weeks. Science Group will be voting its entire shareholding at the time of the general meeting (anticipated to be in excess of 24.1%) as set out above. Science Group is not restricted from increasing its shareholding up to 29.9% nor as to the price at which additional shares are purchased.
thompsonminor: The elephant in the room here is that the SAG share price has dropped 6.5% (460p to 430p) in the last fortnight, so all this bluster by Ratcliffe & Co at SAG about withdrawing their so-called offer is just a way to mask their own failings at home. The fact that the TPG share price dropped by 12% but clawed back some of this by the end of the day yesterday, tells me that all is NOT lost for LTHs here. In fact, quite the opposite. The mood music suggests SAG have been told to go packing by the major IIs (M&G in particular) and seeing how their own share price has dropped they were going to have difficulty persuading the market that their move on TPG was a good idea. Unlike FST, the SAG team seem to have miscalculated their initial approach with TPG. Time will tell if this changes but in the meantime I am even more determined to stay long on TPG. I heard last weekend that one fund manager was telling clients to hold on to TPG. Yesterday's withdrawal by SAG confirmed this, and supports my own view.
boll: The TPG board need to come up with some proposals as to the future direction of the business in the very near future and also progress on the cost cutting. I am not impressed by the behaviour of SAG. Suspect their intention is to try and buy TPG very cheaply and so disadvantage the existing TPG shareholders. Best option may be for the TPG board to either start a disposal process for the business and distribute the proceeds to shareholders or alternatively start negotiating the sale of the bits of the business that SAG find attractive to a third party so to force their hand in the bidding process for the company. This will at least galvanise some further action. The secret of success ss ever in all these cases is to work out the SAG strategy and then the best way of leveraging it to TPG advantage through making the correct and appropriate corporate decisions. I don’t see the long term strategy of SAG as a long term holder as an investment. Let’s be clear they want bits of the TP G business and we as shareholders need a decent price.
pavey ark: Just a little warning, if it were needed, that certain posters on ADVFN can outdo any anti vax conspiracy theorist any day of the week. I particularly like the notion that TPG has £12m of debt !!??? It seems the story goes that SAG would have to pay for TPG then take on this £12m debt !!?? Now I'm not saying that all in the garden is rosy but in the last accounts it had a £7m bank loan and £7.4m cash.....hmmmm ......anyone need a calculator ? There is some concern but no sane person would consider the situation to be anywhere close to critical.....even without a bid......a bit rough/perhaps, a bit uncertain ...but not critical. Institutional investors still hold sway here but the last set of results certainly did for Cartmell....gone two weeks after. It was a rather simple sacking "we're not voting for you at the AGM....goodbye" Obviously the large investors got together (as they do) and I don't think they will roll over here. I don't know enough about these things to judge the TPG board's reaction and I don't think they will have the weekend off but I'd like to see some movement/comment soon. I wonder if the preferred bidder put in a low ball bid for Maritime thinking that TPG had to get cash. Will a new bid for Maritime come in ? (Not happy about the bid and subsequent withdrawal by TPG.I simply can't figure out how you can have a preferred bidder in advanced talks and then fall out over price. To get to this advanced state with a preferred bidder surely the price is roughly agreed and they would only be going over the details yet in their statement it was "a number of bids", "none met their expectations".......it wasn't a number of bids it was detailed, advanced negotiations with a preferred bidder. Perhaps Cartmell's handling of the sale cost him ?......we will hear more of Maritime before the end))
fat00mch: Get real folk. SAG aren't here to bail anyone out - least of all PIs. Far far easier to build a big stake by approaching IIs - then mop up sellers daily. SAG aren't in the business of lining the pockets of TPG PIs- that should have been the role of the TPG BoD and they've failed miserably. That in turn has resulted in a share price which SAG feel presents decent value for them to profit. It wasn't SAG that drove the share price below 4p.- but they have made an offer of 6.5p which has instigated a 50% increase 6.5p will come for the remainder of PIs. Big boys and girls who dabble in the market make their own investment decisions - nobody forced anyone to buy TPG.
Tp share price data is direct from the London Stock Exchange
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