Tpximpact Share Discussion Threads

[marktime1231] 12/11/2024 18:38

A good update, a modest outlook, but dreadful margins. Might start to come good next year, if it stops underselling itself.

[sphere25] 12/11/2024 08:29

What is wrong with this?

Interesting increase in contracts with no deterioration in trading since the last update and seeming more confidence feeding through.

So flat revenue this year with EBITDA of £7m-£8m but those contracts appear to be giving enough confidence to give credibility to FY26. So revenue somewhere around £95m and EBITDA of £10.5m?

Increasing contracts, revenue and margin play?

Not familiar with this one

Dish the dirt if anyone is around.

It looks like an impairment earlier in the year and a revenue warning last time around but could it be on a new footing now:

"There is improved visibility in relation to Central Government spending plans following the conclusion of the Departmental Spending Reviews and the Chancellor's Budget announced on 30 October. We expect this to feed through to new initiatives in the next financial year, with an increase in activity in the second half of the current year"

Had a little starter nibble at 35p.

Curious to see if the market does think a re-rating could be warranted here.

All imo
DYOR

EDIT 15:18 Boards are dead. No posts. It is a graveyard. Just the nature of alot of smaller caps in the UK.

Okay so it looks like they are good at ballsing up acquisitions, director sell, new CFO. What else is the market looking at here....so it must be a combination of these and the story falling down with doubts in the forecasts being met.

I can see a profit forecast of £5.5m this year with a market cap of £34m at the current offer price of 37p. Net Debt is at around £8m so an EV multiple of profit just under 8 with a possible bullish story to come.

Hmmm...

I think it is worth a watch as a bear minimum, even if it doesn't push on here. It looks like someone is lobbing into the market at 37p with 2x200k blocks and a 195k block so these sellers aren't convinced. Someone is clearly on the other end buying, but the trades have stopped the intraday momentum. Have to see if the big buyers are big enough to clear the sellers.

Normally the sellers win (its Aim, stale Bulls, its AIM, still have IHT selling for sure even if the Budget wasnt as bad as feared, its AIM..) but I wonder if more contract wins pop up and the market gets more assured on those forecasts whether this will eventually shoot higher.

A few high level murmurings...is that the word

All imo
DYOR

[marktime1231] 30/5/2024 11:24

Very healthy order book for in-demand services. Margin outlook over two years improving from pitiful to poor. Suspect these two observations not unrelated, undersold. Panoply surely a prime target for a business with the sort of brand which has price leverage.

[citys2874] 30/5/2024 11:06

TPX and ARCM Primed and ready to lift off...good morning so far

[tomboyb] 30/5/2024 11:01

Looks like hitting 50p -

[tomboyb] 30/5/2024 10:33

One to hold on to -

Nice -

[citys2874] 30/5/2024 07:48

lovely start for TPX AND ARCM this morning

[tomboyb] 30/5/2024 07:04

30 May 2024



TPXimpact Holdings PLC

("TPX", or the "Group", or the "Company")

Trading Update & Confirmation of guidance for FY25 & FY26



TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on people-powered digital transformation, is pleased to provide an update on its Q4 and full-year trading for the year ended 31 March 2024 (FY24) and to provide guidance for the full years ending 31 March 2025 and 2026 (FY25 and FY26 respectively).

Q4 and Full Year Trading



Trading in the fourth quarter of FY24 continued to be strong, with double-digit revenue growth, and the Board expects the full year results to be in line with previous guidance. Based on the Group's unaudited management accounts for the year, the Board expects to report revenue growth from continuing operations of over 20%, which would equate to revenue of c.£84 million (compared with a target of £80-85 million). Adjusted EBITDA margins are expected to be in the middle of the guidance range of 5-6%.



Net debt (excluding lease liabilities) reduced to just over £7 million at 31 March 2024, the lowest level in over three years and well ahead of our £11 million target, due to effective working capital management. The Group comfortably satisfied its debt covenants at year end and expects to report a net debt to Adjusted EBITDA ratio of less than 1.6x.



New business wins in the year totalled £139 million, providing a solid foundation for the new financial year and beyond.



The Board expects to release the Group's preliminary, unaudited results for the year ended 31 March 2024 in July 2024 and will provide more detail on the FY24 full year outturn at that time.



Outlook


The Board is pleased to reiterate its previously announced FY25 targets of like-for-like revenue growth of 10-15% and further margin improvement of 2-3% on top of that achieved in FY24, which we expect to be weighted to the second half of the year.



The new financial year has started well, with a strong pipeline of new opportunities and committed (or backlog) revenues in respect of FY25 amounting to £67 million, which equates to around 70% of target full-year revenues. Whilst our FY25 financial performance will be subject to a degree of disruption resulting from the General Election in July (a macro risk equally relevant to our competitors), we believe the Company is well-positioned for continued growth and increasing profitability.



With respect to FY26, management are targeting like-for-like revenue growth of 10-15% and an Adjusted EBITDA margin of 10-12%, in line with our previously announced, three-year strategic goals.



Bjorn Conway, Chief Executive Officer, commented:

"I am delighted by the strong finish to the financial year and the progress the Company has made over the last twelve months, which is entirely due to the tenacity, dedication and talent of our people. We have achieved or exceeded all our financial targets, and have successfully executed the first (and some aspects of the second) year of our three-year strategic plan.

"The business is now better structured, more efficient and robust than a year ago, and we are well-positioned for the opportunities the current year will bring. The announcement of a General Election in July is welcome as it removes the uncertainty around timing. As we said in our Interim Statement in December 2023, we are encouraged that the policy agendas of both main political parties place a renewed emphasis on the importance of digital transformation and citizen engagement, both of which represent core strengths in our business. We will work through the implications of the snap election announcement, but at the present time we see no reason to change our FY25 targets and believe the longer-term outlook remains encouraging.

"The revitalisation of the well-respected manifesto brand for our Digital Experience business, as well as the previously-announced simplification of our Digital Transformation offer, make us better-organised and more accessible for our clients who will benefit even more from the expertise, creativity and insights our talented people can provide.

"We also enter the new financial year as an established B-Corp, reinforcing our ESG credentials and balancing purpose with profit in an integrated, effective way that inspires and motivates our people and other stakeholders.

"I look forward to providing more detail on our FY24 outturn at our Preliminary Results presentation in July, and would like to extend our sincere thanks to everyone at TPXimpact for their contribution to the success of the last financial year and what promises to be an exciting year ahead."



Enquiries:

TPXimpact Holdings

Bjorn Conway, CEO

Steve Winters, CFO



Stifel Nicolaus Europe Limited

(Nomad and Joint Broker)

Fred Walsh

Sarah Wong



Via Alma Strategic





[phone]



Dowgate Capital Limited

(Joint Broker)

James Serjeant

Russell Cook





[phone]

[tomboyb] 30/5/2024 07:03

Good update -

[sunshine today] 22/2/2024 12:33

The new procurement Bill

TPX may suffer going forward

TPX is not an SME


Streamlining Bidding Processes

At a high level, the goals propose to simplifying processes, removing barriers for SMEs, and driving better value for money. One primary aim is streamlining procedures to boost SME participation in government contracts. Measures include requiring procurement entities to proactively evaluate and mitigate SME-specific challenges throughout the procurement lifecycle.

For example, the Act allows SMEs to show proof of required insurance only upon contract award rather than during bidding. This spares SMEs from carrying unnecessary costs pre-award when outcomes are uncertain.

Additionally, the Act mandates smaller, more tailored contract lots and enables direct price negotiations between procurers and suppliers. In principle, this flexibility caters better to SME capabilities versus rigid tendering processes

[sunshine today] 12/2/2024 12:25

Agreed any company that puts out its numbers in EBITDA format is an Avoid ..

[marktime1231] 12/2/2024 11:57

An encouraging trading report, everything moving in the right direction. But enthusiasm held back because it is from such a poor starting position, too much debt and inexplicably weak gross margins for a high tech business providing much in demand services.

Simplifying the business is all well and good, but if the order books are chokka and growing so strongly there is something wrong with the business model delivering only around 6% gross margin. Too many expensive people, poor process and underselling. The turnaround is evolutionary when it needs a revolution.

If as it seems there are sound fundamentals someone who does know how to run such a business needs to step in and take Panoply over. That prospect rather than the performance is worth hanging around for.

[ukaliptus] 12/2/2024 07:59

Excellent RNS.

(⌒0⌒)5295;~~

[texaschaser] 29/12/2023 15:40

Peak Indicators and Swirrl must be kicking themselves. Shares (owch)+ Cash LOL.

Maybe more acquisitions are required but with less shares and much more cash!

[tomps2] 07/12/2023 12:43

TPXimpact (TPX) Half Year results presentation - December 23

TPXimpact CEO, Björn Conway and CFO, Steve Winters present interim results for the six months ended 30 September 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[boozey] 07/12/2023 10:56

Finally a bit of life!

[tomps2] 21/11/2023 10:59

TPXimpact Holdings (TPX) H124 results webinar

Tuesday, 5 December, 12:30pm

Bjorn Conway, CEO & Steve Winters, CFO will present interim results followed by Q&A.

Register here: bit.ly/TPX_HY24_webinar

[kalai1] 16/10/2023 13:59

TPXimpact Holdings plc issued a HY trading update for the period ended 30th September and confirmed the disposal of TPXimpact Norway this morning. Strong trading performance in H124 has been encouraging and in line with management expectations, the Board expects to report first-half revenues of £41-42 million which would equate to like-for-like revenue growth of around 20% for H124. Adjusted EBITDA margins are expected to increase to 4-5% in H124 from less than 3% in H123. The balance sheet has strengthened with net debt (excl. lease liabilities) down to c. £13 million at 30 September 2023. Valuation looks attractive with forward PE ratio at 12.2x top third for the Software & IT services sector. Share price lacks momentum for the time being, but the move into statutory profit in coming years could be the catalyst to generate some appreciation. Monitor for now....

...from WealthOracle

[sunshine today] 16/10/2023 13:41

FYI

The RNS was at 7.00AM

Your article just repeats the headlines later in the day.

[tanners] 05/9/2023 13:55

Very unusual for TPX to issue a trading update at this time of day.....and of course Gamma posted their interims this morning, but I'm probably adding 2+2 and getting a lot more than 4.

Odd all the same!

[alhambra1] 25/8/2023 12:13

RNS.....o/.....

[toffeeman] 12/7/2023 09:37

Post solely to dispace sh1te