|Turbo Power Systems Inc
||COM SHS NPV
||EPS - Basic
||Market Cap (m)
Turbo Power Systems Share Discussion Threads
Showing 2301 to 2324 of 2325 messages
|I don't think it was a bad result at all...this company is being stolen really with shareholders dumping at a value of just 100 k or something. This could easily be sold in a couple of years for 5 million or 50 times that.|
|Difficult to put a value on TPS as the AIM quote looks to be gone in June. Price of shares was 0.3p or higher when bidders for TPS made heavily discounted bids for the company in relation to the market price, at that time. My guess is that a fair price is about 0.15p|
|Not a great quarter to 31st March. However, this info from RNS looks OK:
-- Order intake in the quarter increased by 17% to GBP2.31 million (Q1 2016: GBP1.98 million).
CEO Carlos Neves added; "We are pleased that the Strategic Review has completed and that the Company can now move forward in 2017 with the entire team focused on delivering sustainable growth and achieving profitability of the business. We are pleased that order intake for the first quarter was 17% ahead of 2016 at GBP2.31 million, with a further GBP0.64 million already received in April 2017.|
|The spread is so wide it has become ridiculous. Pointless selling for any reason at all really. I added more at 0.0349p on the reasoning that a 1 for 5000 consolidation would see that rise to 17.45p and trust the company to survive and return to the market when the new management get the show running properly. Just a matter of sitting patiently.
The share price stood at 0.3p when bids received well under this price were refused by the 89.45% shareholder. The spread is at 0.02p - 0.06p and looks at a wildly insane discount.
As the company says, the price moves on very small trades indeed.|
|I would like to buy a load at 0.01.|
|Will be of interest to see if the major shareholder TAO UK, at 89.4%, decides to make an offer for the outstanding shares in TPS.|
|TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that it will today post its Annual Report and Accounts for the financial year ended 31 December 2016, together with notice of the Company's Annual General and Special Meeting and a Management Proxy and Information Circular, to shareholders.
The Information Circular sets out, inter alia, information regarding the intention to seek Shareholder approval for the cancellation of admission of its Ordinary Shares to trading on AIM and for the proposed share consolidation of 5,000 Common Shares into one New Common Share.|
|The Annual General and Special Meeting will be held at 1.00 p.m. (London, GMT + 1) on Thursday 25 May 2017 at the Company's registered office at 1 Queens Park, Queensway North, Team Valley Trading Estate, Gateshead, NE11 0QD.
Copies of these documents will shortly be available to view on the Company's website ( hTTp://turbopowersystems.com ).
Subject to the Cancellation Resolution being passed at the Annual General and Special Meeting, the expected last day of dealings in Common Shares on AIM will be Friday 2 June 2017 and the Cancellation will become effective at 7.00 a.m. on Monday 5 June 2017.
Pursuant to Rule 41 of the AIM Rules, the Company, through its nominated adviser, finnCap, has notified the London Stock Exchange of the proposed Cancellation.
The Company has received a letter of intent from the Company's Major Shareholder to vote in favour of the Cancellation Resolution and Consolidation Resolution in respect of 2,982,444,445 Common Shares representing 89.4 per cent. of the issued share capital of the Company.
As a result the Directors believe it will be highly likely that the Cancellation Resolution and Consolidation Resolution will be passed at the Annual General and Special Meeting.
TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that it will today post its Annual Report and Accounts for the financial year ended 31 December 2016, together with notice of the Company's Annual General and Special Meeting and a Management Proxy and Information Circular, to shareholders.
The Information Circular sets out, inter alia, information regarding the intention to seek Shareholder approval for the cancellation of admission of its Ordinary Shares to trading on AIM and for the proposed share consolidation of 5,000 Common Shares into one New Common Share.
|The Company intends to seek shareholders' approval of the Cancellation at its annual general meeting ("AGM"), expected to be held on 25 May 2017.
Notice of the AGM will be posted to shareholders in the coming weeks which will set out (amongst other matters) further details of the Cancellation, the process to be followed and the effect on shareholders of the Cancellation.
TWC3N, who following the Transaction hold 89.4% of the Company's issued share capital, is supportive of the Cancellation and therefore it is highly likely that the Cancellation will become effective shortly after the AGM.
-- the considerable cost, management time and the legal and regulatory burden associated with maintaining the Company's admission to trading on AIM which, in the Board's opinion, are disproportionate to the benefits to the Company;
TAO UK holds 2,982,444,445 Common Shares, representing 89.4% of the issued share capital of the Company and has an outstanding loan of GBP0.33 million to the Company (including accrued interest) which accrues interest at 6% per annum, payable annually and is repayable to TAO UK on 1 April 2018. TAO UK is the immediate controlling entity of the Company.
|Share price appears to be recovering sharply at the same time as PROXama. Both punts in different ways but targets equally higher.|
|The offers for TPS were well below the trading price of the shares. However, we have to guess what the share price was at the time though.
The last final results were delivered on the 15th March with the share price at 0.2p. It is likely the share price was around 0.3p at the time of the bids. Therefore it seems that all the bids were around 0.2p or so.|
|yes......millions being bought today. Someone wants them.|
|Sit patiently as only 10.6% of the shares are on market. TAO UK Limited could buy out the remaining shares quite cheaply. It would be easier for them to accept a bid later without the baggage of personal investors with very small holdings.|
|MRS was a real dog eh hatey sitting on your loss there I bet that is hurting ?|
|Tech your NEW PUMP and DUMP hatey ?
How much are you down so far ?|
|Can you sell them after 3 years ???
I'll be interested to see if they pay anything but do not get your hopes up too much.
This is not a Contentfilm.
ps..take a look at Tech, I'd be interested in a view even if negative, results end of the month.|
|Keeping them for 3 years tradermick. Made loads this year so a small punt won't hurt!! Will tell you what happens...|
|Only winners here are the mm's, they will take mug punters for every penny. The last tiny seller had to take a discount it's unbelievable how greedy mm's are but you were asking for trouble chasing the spike in this one.|
|Lol that was when the price was 5 to 10 times higher. I am not saying pay much for this but I bet I make a good profit|
|hatey the PUMP and DUMP FAILURE
You pick some real bummers hatey|
|hatey how much have you lost on MRS ?
that was one hell of a bum PUMP and DUMP hatey sorry I mean tradermick1|
|Who cares if revenues are 13 million or 13 billion the business does not make money and never has.
It's that good a business that nobody has offered anything for it.
Keep up the spin BP because with this one you are writing rubbish.
"Strategic Review of the Company's business, remains ongoing. The Board notes, as previously reported, that all expressions of interest received to date from potential offerors for 100% of the issued and to be issued share capital of the Company on a debt-free, cash-free basis have been indicatively priced at a substantial discount to the prevailing share price. Further announcements will be made in due course, as appropriate"|
|sure I know. But the management team paid very little ...they did not put all that money up! They may asset strip or sell the losses somehow. The company is worth more than the 0.01 some were selling for. Revenue was 13 million last year....thats a lot of customers. A bigger business will want bits of this. Have you read the last results?
At 0.05 its a punt.....I think its cheap for anyone waiting a couple of years to see what the new management can do.|
|And I used to hold Contentfilm !
You cannot compare the both, while CF was swamped with debt it did have a profitable
business that generated lots of cash so eventually they could pay debt down and saving money on the listing costs all added up.|