Turbo Power Systems Share Discussion Threads

[cliveas] 28/11/2013 15:56

Added at 0.545

Remember only 357m in freefloat parent company hold the rest and they're are happy to fund until profitability.

Look at the 3rd quarter figures :

Key Features
· Order intake:

- Quarter increased 122% to £2.57 million (Q3 2012: £1.16 million).

- Year to date increased 282% to £14.60 million (Q3 2012: £3.82 million).
· Revenue:

- Quarter increased 46% to £5.17 million (Q3 2012: £3.56 million).

- Year to date increased 18% to £14.24 million (Q3 2012: £12.12 million).

· Gross profit:

- Quarter increased 64% to £1.87 million (Q3 2012: £1.14 million), at a margin of 36% (Q3 2012: 32%).

- Year to date increased 43% to £4.70 million (Q3 2012: £3.27 million), at margin of 33% (Q3 2012: 27%).

· Cost management - overhead expense:

- Quarter reduced by 29% to £2.05 million (Q3 2012: £2.88 million), with headcount at 30 September 2013 at 155, down 21% (40 heads) since 30 September 2012.

- Year to date reduced 24% to £6.31 million (Q3 2012: £8.33 million).

· Net loss:
- Quarter reduced by 87% to £0.21 million (Q3 2012: £1.67 million).

- Year to date reduced by 75% to £1.30 million (Q3 2012: £5.21 million).

· Cash outflow from operating activities:

- Quarter reduced by 39% to £0.57 million (Q3 2012: £0.93 million).

- Year to date reduced by 45% to £3.01 million (Q3 2012: £5.45 million).

Ramp over LOL!

[cliveas] 28/11/2013 09:29

Funding provided by parent company so no dilution.

On the verge of profitability and next contract I believe will achieve this

89% held by parent company any contract news and there will be a pi squeeze!

Will add if stays this low.

DYOR

[cliveas] 04/11/2013 09:00

BIG HINT!
imho!

We will intensify our efforts on bringing new projects and on enlarging our customer base by winning contracts in markets where TPS's expertise provides the opportunity for attractive margins."

Expect news shortly you do not set yourself up unless you can deliver or you are a fool !

but dyor!

[cliveas] 04/11/2013 08:32

RNS On the verge of profitability!!!!!

Carlos Neves, Chief Executive Officer, said:

"The continuous focus on improving terms with customers and on winning contracts with better margins is shown in these results. Coupled with the benefits from our cost reduction programme, we have reduced the Company's net loss in the quarter by 87% and year to date by 75%.

We will continue to focus on reducing our cost base and look for further operational efficiencies, and this is now becoming part of the mind-set of our organisation. We will also continue to concentrate on increasing our order intake in line with the first three quarters of this year. The order intake year to date stands at £14.6 million, a significant improvement over 2012 of £3.82 million, driven by continuous production orders from our major customers.

We will intensify our efforts on bringing new projects and on enlarging our customer base by winning contracts in markets where TPS's expertise provides the opportunity for attractive margins."

[29howard] 17/9/2013 11:37

Quiet here, up again no posts ?

[29howard] 13/9/2013 15:00

12% up, big premium buy and not one post for 2 weeks !

[jon12345] 30/8/2013 14:11

what a great day for the mm's

[kammi1] 30/8/2013 12:19

29howard ,was going to say something, but realised your profile are not even 9 months old yet.So I will refrain. Keep sucking th dummy.
Best Wishes
Kammi

[jon12345] 30/8/2013 11:16

more debt, is that good news?

[sp2] 30/8/2013 11:12

Yep! That's why they call it a market. Spot the potential and reap the rewards Amigo....Oh, and what company doesn't use finance? No need to answer that...

[le mass du pap] 30/8/2013 11:09

Great news! Contracts next imho.

[29howard] 30/8/2013 11:08

market is crazy, people just like chasing anything that is bad, it's clear in black and white the company cannot survive without help and yet they buy ???

[hjfe] 30/8/2013 11:03

Market seems happy enough...

[29howard] 30/8/2013 10:54

So it is still losing and burning money, lets see the rampers put the spin on that rns.

[29howard] 30/8/2013 10:53

Notwithstanding the Company's improved market conditions and trading prospects, TPS continues at present to require working capital support from Tao. The Company carefully monitors its future working capital requirements and is mindful that further extension or extensions may be sought in the current financial year.

[hjfe] 30/8/2013 10:47

This has suddenly started to move...........

[jon12345] 29/8/2013 14:53

another 400k buy. no placings and dilution here.

[le mass du pap] 29/8/2013 14:41

...and will announce a huge contract soon(imho) that will lift the share price 100%.

Life must be such fun in the 29howard household. So much misery and bitterness to be hanging around a bulletin board like a bad smell for a share he doesn't hold.

Clearly the 700k and 600k buys in the last 2 days don't agree with you either.

[29howard] 29/8/2013 13:25

"accounts frozen"

for selling a stock in a company that has lost money continually since it was floated, burned more than 50 million cash, is reliant on parent for survival and has a market cap way over 20 million.

I'd say it should be freezing accounts for those who buy

[jon12345] 29/8/2013 12:28

some big buys down here. smart money knows what to do.

[le mass du pap] 29/8/2013 10:40

I can't believe anyone is selling down here. They should have their accounts frozen to protect themselves from themselves. Makes it so easy for the mm's. Sitting on support again. Expecting a huge bounce at some point.

[sp2] 29/8/2013 08:22

I like early morning tick downs on "No news".....Usually means a big "tick up" later....Slag me at post-4.30 if I'm wrong
Regards Sp2

[jon12345] 28/8/2013 12:18

bargain buy price now. with contracts due this must be one of the best buys on aim imho.

[le mass du pap] 27/8/2013 21:34

Back from holiday and I see we've slipped a bit. Can't believe I managed to add a few more today at 0.56p! It's very cheap and with so much activity from their partners there's a great chance of a large contract or two soon ;o)

AIM market also bouyant and the chart suggests a periodic leap is due. Aimho, dyor, etc....