Turbo Power Systems Share Discussion Threads

[kinghorm23] 01/11/2011 22:34

Note everything improves except the reduction in losses.

This company does not exist for shareholders, it exists to provide people
with jobs.

It's been the same Jam tomorrow story for 10 years with this outfit.

I'd dare not go back and add up how much cash this company has burned
in the last 15 years, it would be scary, actually i might have a look.

[rhiannon] 31/10/2011 16:52

Turn the corner time (ABOUT TIME.wdik

[bill182] 31/10/2011 13:42

Thanks moormoney. The buys are rolling in now!!! 4 million just purchased. I wonder where we will end up this week. There are some impressive figures in the figures released today, with more promised in the last quarter!

[moormoney] 31/10/2011 12:51

Good posts bill--sorry I've not paid much attention to tps but it is certainly looking a lot better now!

[bill182] 31/10/2011 11:32

Anybody know how much of the cake TPS are getting:

Writing in the Financial Times, the PM said he had given the go-ahead for two power plants in Yorkshire that would create 1,000 construction jobs.

Meanwhile, his deputy Nick Clegg is announcing which firms in England will benefit from the £950m final instalment of the regional growth fund.

[bill182] 31/10/2011 10:09

I see the Regional Growth Fund is receiving a lot of press today. Given the investment TPS have made and the number of jobs they have created, I believe their Grant could be quite substantial!

[bill182] 31/10/2011 08:32

I think this is a pretty powerful statement:

Peter Brown, CEO, said:



In the past quarter we have made significant progress in the development of the growth opportunities we have identified in all of our markets. The strategies that the business has implemented are designed to improve the long term financial performance of the business. Focus will remain on significant, funded Research and Development projects.



During the quarter we have continued to be successful in growing the order book. Our Power Electronics business continues to flourish and Electrical Machines is well placed to start to take advantage of the expanding markets in which we operate. I anticipate order intake in Q4 to be similar to that achieved in Q3, with a good mix of production and development contracts.



We remain a technology-led company, and have continued to strengthen the technical team to ensure we support relationships with science-based customers who have demanding applications for our technologies. We have also continued to invest in the infrastructure of the business, with particular emphasis on quality and project management. Investing in these key competencies will help us in achieving sustainable controlled growth.



At 30 September we employed 164 staff with further recruitment planned for the fourth quarter.



The growth in headcount in key areas of the business has enabled increased investment in research and product development which reached £2.67 million at the end of September. The business will continue to invest in technologies that are applicable to markets that show significant future growth opportunities. Numerous development opportunities have been identified spanning one, two and three year periods with a good mix of customer funded and self funded projects.



During the year, the business was successful in its bid for funding through the prestigious, UK Government-backed Regional Growth Fund. In order to start drawing down on this award, TPS will undergo due diligence of the plans that were submitted along with the application. Due to the continued growth of the Company to date, the proportion of the grant to be received for 2011 has increased. The first submission for 2011 will be in January 2012.



We announced the appointment of Carlos Neves as Chief Financial Officer in September. I look forward to working with him and believe that his strategic and analytical strengths will make a strong contribution as we continue to refocus and build the company.



The business is being repositioned for growth and has a strong order book to deliver. In an exciting and challenging environment, focus will remain on developing products and technology, with the success of the business dependent on excellence in execution and delivering on our commitments to customers. I am confident that the long term prospects for the business are positive.

[bill182] 31/10/2011 07:41

Results out early!!!! I think we may have turned the corner:

Key Features:

· Order intake in the third quarter (Q3) of £6.36 million (2010: £1.34 million) and in the nine months ended 30 September (YTD) of £21.36 million (2010: £5.69 million) with a strong pipeline of prospective orders

· Total revenue in Q3 increased by 143% to £4.60 million (2010: £1.89 million) and YTD by 35% to £9.97 million (2010: £7.39million)

· Production revenue in Q3 increased by 116% to £3.87 million (2010: £1.79 million) and YTD by 35% to £8.31 million (2010: £6.14 million)

· Board strategy to invest in further improving TPS's development and operational capabilities has continued:

[bill182] 27/10/2011 12:04

As we edge closer to the results, I see the website has been updated to provide more information on their products. I have added again this morning at 0.50p, although it is showing as a sell.

[bill182] 12/10/2011 11:34

I have added again this morning at 0.51p, although the purchases are going through as sales.

[bill182] 11/10/2011 16:57

moormoney - I tried to do a little research to see how much the Regional Growth Fund grant could be worth, but couldn't come up with a figure. However, looking at the level of funds applied for by the companies in the respective regional areas, it is not insignificant.

I find it interesting that they MM's appear to be marking the share down on very little trading activity. In fact, many of the reported sells are actually buys. I am taking this as a positive sign, and have added again today. With the 3rd quarter results on or about the 11th November, I have a feeling that there could be some positive news, and I also suspect that the revenues will significantly exceed the same period last year.

[moormoney] 10/10/2011 13:32

Nice find Bill-thanks. I hold tps in my isa, it could do with a boost.

[bill182] 10/10/2011 13:28

Came across the attached article, and whilst it is a few weeks old, feel it is very relevant considering the 3rd quarter results are due in a few weeks time. There should also be further news on the draw-down of the Government grant.
I have been invested here for a few months, but have added today as I feel the mark-down of the share price is overdone.

Long-term approach pays-off
by Gary Beckwith, The JournalSep 21 2011


EXCITING times lie ahead for Gateshead-based power electronics specialist Turbo Power Systems (TPS), which is looking ambitiously to the future after a major investment from Brazil-based company TAO Sustainable Power Solutions (UK).

Buoyed by TAO's £6.5m stake in the firm, TPS has seen its global profile grow and revenues increase in key sectors including defence, transport and the industrial and renewable energy sectors. In recent months it has picked up major contracts with names such as Bombardier, McQuay International and US defence contractor SAIC.

In addition to these new contracts, it is also involved in an exciting project to research ways of producing grid linked converters to provide energy for electric vehicles. The project is the latest in a long line of initiatives in which TPS has been able to call upon the support of Tyne and Wear Development Company. Over the last five years, the company has delivered a raft of support to TPS through its Strategic Account Management (SAM) programme.

A major platform for growth was TPS's move to a new site on Team Valley back in 2007 - a move Tyne and Wear Development Company supported. Since then regular input has been provided across a range of areas including its shop-floor layout, logistics, export, R&D and capital grant funding and training.

Most recently, advice was given by Tyne and Wear Development Company's strategic account officer, Alma Harrison, on the firm's successful Regional Growth Fund application. This will help TPS achieve its vision of being an integrated systems delivery business, offering a turnkey solution, from design to installation. The focus of the business is now much more on technology solutions for key clients, rather than engineering solutions for the transport sector.

David Hancill, from TPS, said: "Tyne and Wear Development Company has been an important ally for TPS for many years, delivering valued advice and support when needed, and we've been delighted to continue that relationship since our investment. They've played a big part in our growth plans and we've been fortunate to have access to such a broad range of business development services."

[moormoney] 24/6/2011 13:42

Is this one dead and buried? only use is as a cgt loss at the moment for me.

[jab118] 24/5/2011 10:35

Everything is on the up. slowly but surely !

All we longtermers need now is a company share promotion, by a few brokers.

;-)

[jab118] 16/5/2011 08:30

and another ! ;-)

[jab118] 13/5/2011 12:04

Nice little statement today, he who dares, wins ...;-)

[moreforus] 15/4/2011 10:01

Yes terrible news that's why it got marked up...a larger facility as credit is denied to sme over the UK is a big Mark of confidence IMHO ..

[jab118] 15/4/2011 09:48

Judgement

Could you please elaborate on your last post, taking the current share price into consideration of course.

tia

jab

[judgement] 15/4/2011 09:42

Increasing debt secured by assets of the only significant subsidiary would seem a bit concerning.

[bill182] 15/4/2011 08:00

Well, it looks like the company should definitely have enough funds now to see it through to positive cash flow and profitability. With a record order book, and access to Regional Development Funds, the outlook is now looking much better

[moormoney] 12/4/2011 14:50

overlooked still--time to accumulate in my isa.

[moreforus] 12/4/2011 13:04

TOPINFO - 12 Apr'11 - 13:00 - 85169 of 85174

DJ Turbo Power Systems Inc Regional Grant Funding

TIDMTPS

RNS Number : 7663E

Turbo Power Systems Inc

12 April 2011

Turbo Power Systems Inc

("Turbo Power Systems" or "TPS")

Successful application for Regional Grant Funding

TPS is delighted to have been informed that its application for Regional Grant Funding has been successful, having been selected from a significant number of applicants.

Jim Vickerman, CEO, commenting after the announcement of the grant in the UK Parliament earlier today, said:

"The basis of our application is to secure a contribution towards the ongoing acceleration of our R&D projects, which will in turn broaden the TPS technology portfolio. This funding should increase our engineering headcount and will hopefully further enhance the technological advantages of TPS' solutions".

There will now be a due diligence exercise, once concluded a more detailed disclosure will be made.

For further information, please contact:

Turbo Power Systems Inc. Tel: [phone]

Jim Vickerman

FinnCap Tel: [phone]
Marc Young or Henrik Persson

Kreab Gavin Anderson (Financial PR) Tel: [phone]

Ken Cronin or Michael Turner

This information is provided by RNS

The company news service from the London Stock Exchange

END
MSCEAFLAFLAFEFF

(END) Dow Jones Newswires

12-04-11 1200GMT

[court_out] 07/4/2011 18:50

New contract gets a mention...


UK-Analyst.com: Thursday 7th April 2011
Small Caps, AIM and PLUS

Shares in Turbo Power Systems (TPS) surged 0.2p to 1.125p on news of a 13 million dollars (8 million pounds) contract for the design, development and supply of 380 off Auxiliary Power Unit Systems for the Sao Paulo Expresso Tiradentes Monorail Project in Brazil. Delivery of production units will commence and be completed in 2013.

...