Tpximpact Holdings Plc

-0.50 (-1.28%)
Share Name Share Symbol Market Type Share ISIN Share Description
Tpximpact Holdings Plc LSE:TPX London Ordinary Share GB00BGGK0V60 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -1.28% 38.50 66,590 14:41:07
Bid Price Offer Price High Price Low Price Open Price
38.00 39.00 39.00 38.50 39.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Consulting Svcs,nec 79.80 0.10 0.10 - 35.20
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 41 38.00 GBX

Tpximpact (TPX) Latest News (1)

Tpximpact (TPX) Discussions and Chat

Tpximpact Forums and Chat

Date Time Title Posts
02/5/202313:56The Panoply213
01/11/202009:31The Panoply Holdings Plc19

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Tpximpact (TPX) Most Recent Trades

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Tpximpact (TPX) Top Chat Posts

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Posted at 28/4/2023 23:00 by boozey
For me the most intriguing thing about today's events at TPX as a long-time follower of the company is why were these contracts announced on a Friday before a Bank Holiday around 10:15AM? You would have expected them to be announced at 7am or waited for next week. My suspicious mind makes me wonder if there is a placing to follow next week. We will see.

Remember the debt occurred because Gandhi expanded too fast and the acquisitions took longer to digest and integrate than expected. He has now been removed by activists and sits as a NED. The new faces are sorting out the mess and the financing requirements are centre-stage. Given the fresh look and experience on the Board the banks are happy to to be supportive for now.

A number of these new directors bought into the company in the low twenties which was a sign of confidence for the future.

A fund raising would be a logical move as a final step in the company's reset process. The contract wins announced today are impressive but as has been noted TPX has no assets as such and operate on very thing margins with high costs resources who specialise in digital transformation.

Posted at 28/4/2023 21:02 by tanners
Personally I don't see the level of debt or the technical covenant breach as a significant concern, and reckon they will be able to re negotiate the terms.

Obviously there is some risk, hence the depressed share price, but if they get the business back on track (which is more than likely given the decent contract wins), then there's plenty of value to be had.

It'll be interesting to see how this pans out....

Posted at 28/4/2023 14:27 by bones
For the record, this was the “trouble at ‘mill” RNS from last year.

Posted at 28/4/2023 13:04 by firestorm911
Tpximpact (LSE:TPX)
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RNS Number : 8489U

TPXimpact Holdings PLC

31 March 2023

31 March 2023

T PXimpact Holdings PLC

( "TPX", "T PXimpact ", or the "Company")

Covenant Waiver and Current Trading

TPXimpact Holdings PLC (AIM: TPX) , the technology-enabled services company focused on digital transformation, provides an update in relation to its debt covenants.

Further to the announcement made on 31 January 2023, the Group reports that it has been granted a waiver from the requirement to test each of the financial covenants applicable to its GBP30m revolving credit facility as of 31 March 2023. TPXimpact's lender is currently undertaking a review of the Group's short and medium term cash flow forecasts, the outcome of which will determine the nature and extent of future waivers. A further update will be provided when this review is concluded.

Current trading performance

The Board confirms trading in January and February 2023 was in line with management expectations. In addition, the momentum in new orders has continued in Q4 FY23, with new business wins of over GBP30m in the quarter.

Posted at 28/4/2023 11:50 by hope67
Posted at 28/4/2023 10:36 by tomboyb
( "TPX", "T PXimpact ", or the "Company")

Contract wins

Two significant contract wins with critical central government departments

Two-year digital transformation contract with Department for Education worth up to £27.4 million and four-year digital transformation contract with His Majesty's Land Registry worth up to £49 million

TPXimpact Holdings PLC (AIM: TPX), a technology-enabled services company focused on digital transformation, announces two significant contract wins with two UK central government departments. Combined, the contracts will deliver a cumulative value of up to £77 million over a four year period and demonstrates TPXimpact's position as a leading provider of digital transformation services to the public sector.

The first is a two-year contract with the Department for Education (DfE) worth up to £27.4 million, commencing in May 2023. TPX has been appointed to lead a consortium of suppliers with specialist expertise across all of the Digital, Data and Technology (DDaT) Profession Capability Framework job families, to design, develop and iterate digital services for Teachers and related users.

The second contract win is with His Majesty's Land Registry (HMLR) and is TPX's largest to date, worth up to £49 million over a four-year period, commencing in May 2023. TPX has been appointed HMLR's Digital, Data, and Technology (DDaT) Delivery Partner and will provide a range of digital and technical transformation programmes to support HMLR's ambitions to deliver a more efficient and effective service to its users.

This includes providing secure and efficient land registration, enabling digital property buying and selling, providing near real-time property information, offering accessible digital register data, and collaborating with property market partners to conduct research and accelerate change. This partnership builds on TPX's long-standing relationship with HMLR and proven track record of success as both a user-centred design and product management partner.

Bjorn Conway, Chief Executive Officer of TPXimpact Holdings PLC, commented:

"Our projects with the DfE and HMLR underscore the strength of our offering across digital transformation services, which will prove essential in driving the automation of critical government systems and services. Winning these contracts following a competitive tender process highlights the quality of our offering and consolidates our position as a leading provider of digital transformation services to the public sector.

With the Group optimised for efficiency under one brand, these contracts also represent the scale and value of the projects TPXimpact can deliver. As an agile organisation with end-to-end digital transformation capabilities, we continue to target larger and longer-term contracts across both the public and private sectors. We are excited to embark on these partnerships and look forward to the opportunities they unlock for further growth and innovation."

- Ends -

Posted at 31/3/2023 12:22 by marktime1231
Quietly the Panoply confirms trading remains strong. FY23 revenues will be similar to last year, but surely the order book / backlog will be higher after announcing around £85M of wins in the last two quarters alone. So why can't TPX turn a decent profit from its highly valuable and valued services? Too much of its business in the low-margin public sector maybe. Or weak financial management. The point is that since TPX is selling what people want to buy the problems around its financial performance should be fixable with a bit of grown up management. Let's hope the new executive is doing that and setting a course to improve margins, in which case we are due a re-rating. The banks seem a bit happier at least.
Posted at 17/2/2023 10:36 by bones
What a disgrace this company is.

Having decimated its shareholder value and run the company into breaking its banking covenants, it now sets up a scheme to give (yes, nil cost) over 1M shares to its executives if they manage to get a tiny bit of improvement out of a share that’s flat on its face. Apparently this is in the interests of existing shareholders of which thankfully I have never been one although I have commented about the risks here when the share price was much higher (posts 85, 89, 120, 137).

I don’t know how the board has the nerve. Are their enormous salaries not enough incentive?

Posted at 20/7/2022 17:06 by denisthamenis
TPX closed down 10p (-6.9%) today based on a paltry 14008 shares having traded throughout the day (4,008 shares bought versus 10,000 shares sold) and all at a hideous 5%+ spread!

The overall value of the shares traded amounted to the grand total of £19,119, with the associated 7.9% price drop on the day equivalent to around £9 million of TPX market cap!!!

Is anyone else out there getting sick and tired of watching the value of their SETSQX traded investments getting kicked around at will by greedy self serving market makers who only have their own selfish interests at heart and no concerns whatsoever for the company in question or the poor helpless shareholders left carrying the losses?

Clearly todays trades in TPX shares in no way reflects the ridiculous drop in the share price we have witnessed, but how many investors will be drawn into selling tomorrow based on the share price performance being portrayed by todays drop?

Unfortunately I am witnessing this type of behaviour across a wide range of SETSQX traded shares. Arguably if this type of behaviour by market makers continues to prevail, then SETSQX stocks are fast becoming uninvestable in this market. All data taken from Level 2. Thoughts anyone?

Posted at 19/7/2022 17:06 by km18
TPXimpact Holdings (TPX) posted prelims for the FY ended 31st March this morning. Revenue from continuing operations was up 58% to £79.7m. Statutory EBITDA was up to £11.5m, the Group posted its maiden statutory profit after tax on continuing operations of £2.5m. Adjusted profit after tax was even better at £8.7m. Basic EPS was 2.1p, a final dividend of 0.6p per share will be paid following an interim dividend of 0.3p. Valuation also looks reasonably attractive after a 40% share price correction since listing last year – forward PE ratio is at 12.9x which is comfortably top quartile for the Software & IT Services sector. PS ratio is now under 2.0x and also increasingly supportive of the investment case. Lack of share price momentum is the main investment cloud for now. But TPX looks an interesting small Tech name to be monitoring at the very least....

...from WealthOracle

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