Turbo Power Systems Share Discussion Threads

[s34icknote] 10/10/2012 23:14

Another 1.5 million borrowed to keep it going !

[bill182] 04/10/2012 13:46

Well...still waiting for the significant orders alluded to in the results. Must admit, I thought we would have heard before now.

Buys still going through as sells! I am still confident however we will get some positive news this year, and from where the share price is today - 0.19p, I think there will be a significant uplift.

[bill182] 21/8/2012 10:00

From the results:

Carlos Neves, Chief Executive Officer, said:



"Order Intake in the first half of 2012 was £2.66 million, despite the challenging markets conditions. TPS continues to work with its ultimate parent company VSE in negotiating contracts for the Brazilian market, and continues to pursue opportunities in energy efficiency and in the rail market in Asia. Accordingly there is the potential for significant order intake in the second half of 2012."

I think we need news on some of these large orders to restore some faith here.

With the infrastructure projects that are/will be taking place in Brazil with both the World Cup and the next Olympics, I expect to see VSE announcing contract wins from which orders will flow to TPS.

Buys still going through as sells today!

[bill182] 10/8/2012 08:34

I see the buys are going through as sells!

With the results due next week and given the recent contract wins plus the additional funding, there should be some positive news to give the share price a bit of impetus.

[bill182] 09/8/2012 15:05

Nice little order yesterday, with the prospect of more to follow:

"Turbo Power Systems ("TPS"), the innovative electrical machines and electronic systems provider, is pleased to announce the award of a contract from Chiltern Railways for the design and manufacture of Static Converter units. The units will replace existing Motor Alternator Sets ("M/A Sets") on Chilterns Railways' fleet of InterCity Mk3 coaches. The value of the contract is £820,000 with delivery of the first unit due in 2013 and scheduled for completion in 2014.

The Mk3 currently use M/A Sets to provide on-train electrical supplies to supplement the 800V DC supply from the rail track. TPS believe that the Static Converter units selected by Chiltern Railways, designed and built by TPS, materially lower maintenance costs as compared to M/A Sets by generating the required electrical supply by means of power electronics and avoiding moving parts.



TPS has entered into discussions with other owners and operators of Mk3 coaches in respect of potentially upgrading existing M/A Sets to Static Converters."

[judgement] 06/7/2012 09:36

The TSX expect companies to be run properly. AIM is happy with any old dross.

[bill182] 06/7/2012 09:26

The broker also referred me to the announcement made on the 1 June, which may explain your misinterpretation of the email:

"Consequently, it is expected that the Company's common shares will cease to be traded on the TSX with effective from the close of trading on TSX on 3 July 2012.

The admission and trading of the Company's shares on the AIM market of the London Stock Exchange is unaffected by today's announcement by TSX."

[bill182] 06/7/2012 09:15

omega1525 - I have spoken to both the company's advisor and their PR company, who have assured me the de-listing only refers to the Canadian exchange, which has already been announced.

Can you please let me know who at TD Waterhouse has issued the statement, as I intend taking this matter further.

[bill182] 06/7/2012 08:12

omega1525 - that would seem very strange when the company has just raised £2m.

[omega1525] 05/7/2012 15:03

E mail from my broker yesterday (TD Waterhouse) these are delisting.

[bill182] 05/7/2012 14:42

Looks like we are staying at the current price level until the interim results, which are due next month. Bought a few more today to lower my average, although it is showing as a sell.

[judgement] 20/6/2012 07:58

More funny business.
How can the CEO and CFO not be appointed to the board of the company?
You'd have to be mad to own shares in this company in its current state.

[bill182] 31/5/2012 18:02

Again for confirmation TAO have converted £8.5m of the loan at 0.45p per share. Anyone buying currently at circa 0.28p is receiving a 38% discount...not bad in my book.

"Conversion of approximately £8.5m of its existing loan agreement with TAO Sustainable Power Solutions (UK) Limited ("TAO") into Common Shares of the Company at a price of 0.45 pence per share (the "Conversion")"

[bill182] 31/5/2012 17:53

Have my figures slightly wrong, as the recent conversion of part of the loan into shares by TAO at 0.45p, increased their shareholding to 89.4% - see below. Therefore, if the A class shares are converted, this would bring TAO's holding down to circa 68%.

"Should the Conversion be approved by Shareholders, prior to the effect of the proposed Consolidation, TAO will hold an aggregate of 2,982,444,445 Common Shares representing approximately 89.4% of the Company's issued and outstanding Common Shares at the date of this announcement. The Conversion represents a related party transaction under the AIM Rules for Companies. Further information in respect of the Conversion and Consolidation is set out below."

[bill182] 31/5/2012 17:41

I don't know how familiar people are with the different classes of shares, but the £2m investment by Argun Investments and Island Investments should alleviate any concerns over a possible de-listing.

If I have my facts right, there are now 892 million A class shares which are separate from the current listed shares. Importantly, they can be converted to ordinary shares - giving 60 days notice. If this were to happen, it would represent 21% of the shares in issue, thus reducing the stake of TAO Sustainable Power Solutions (UK) Limited from the current 75.4% to circa 54%.

Just to confirm, in order to de-list, you need at least 75% of the ordinary shareholders to agree. In my mind, there is no way the 2 investment companies would stump up £2m, if they thought there was any chance of this happening.

[bill182] 31/5/2012 14:59

345654 - yes, it looks like he has. However, that has nothing to do with the changed outlook for the company. I am not a day trader, and I would expect this share to significantly appreciate over the next few months as the new contracts are announced.

[345654] 31/5/2012 14:51

He has already dumped anyway see the trades, what a conman

[bill182] 31/5/2012 14:49

Given the investment, I would expect to see a string of contract wins announced in the not too distant future.

For anyone considering investing, it would be well worth reading the company's first quarter results.

[bill182] 31/5/2012 14:44

345654 - I agree that the company has burnt through large amounts of cash, but this investment to my mind changes the outlook completely. This from the first quarter statement:

We are intent on remaining a technology-led company.



We have further strengthened the technical team with a number of key appointments to ensure we support and grow relationships with science based corporations who have demanding applications for our technologies and knowhow. At 31 March 2012 the business employed 221 people (including temporary staff), an increase of 89 compared to 31 March 2011.



As such, the business continues to pursue applications for its technologies and to leverage its relationship with TAO UK, the Company's 75.4% majority shareholder, and its parent VSE, which is headquartered in Brazil. We have seen an increasing number of systems based enquiries, both from Brazil and elsewhere, and we have a firm belief that the marketplace has now recognised the value of our technology. As a consequence we anticipate significant new orders throughout 2012.

[345654] 31/5/2012 14:41

Incase you have forgot i hold paa a stock that also had a large premium placing
and also was pump and dumped by you selling for 50% less than the placing price

Are you going to deny that as well ?

[345654] 31/5/2012 14:40

You never state facts, you never tell your thread when you dump each time.

What has happened to EME, why did you sell within a minute when telling others
it was going to soar, why do you dump other stocks while posting farical broker
notes suggesting 10-100 fold rises.

You are a conman and always will be.

[topinfo] 31/5/2012 14:35

Im stating facts as usual Hatey. This is news and placing at big premium to share price Facts not fiction.

[345654] 31/5/2012 14:33

ps topinfo

I've been posting on the the tps threads since the days of kiwimonk warning everybody to stay clear

They have done as many placings as ECR and burn cash as fast as ever.

You will dump later anyway so why talk it up.

[345654] 31/5/2012 14:29

You should still write it off, this company just cannot make money and burns so
much cash, topinfo has just no idea when it comes to fundamentals of a stock,
all that matters is dumping for a profit within a day of buying