Turbo Power Systems Share Discussion Threads

[le mass du pap] 30/6/2016 15:02

Yes, all looks very familiar, could be in for a huge spike from here. You never know it might hold it this time with contracts up for renewal, results due in next month and fears of meltdown after Brexit easing. Aimho, dyor, etc...


free stock charts from uk.advfn.com

[jon12345] 30/6/2016 14:05

33% up and all buys, always been a leaky ship this one

[jon12345] 30/6/2016 13:55

?? suddenly load of buys after months of nothing

[jon12345] 06/5/2016 08:11

oh dear. seems they are intent on trashing the share price poor rns and new lows. back to the sub 0.1p's by the looks of it. sad.

[le mass du pap] 29/3/2016 16:22

Anyone who got out on the spike did well. Results are uninspiring and no offers of any substance forthcoming. So expect this to drop even lower as it goes back to sleep. Punters are already bored and selling at a huge loss. Mm's the only winners. Given up on it, just too dull. Shame.

[sharetips6] 24/3/2016 15:50

Anybody seen colin or falia ?

[singer8] 18/3/2016 11:39

hatey so sorry mate i have been neglecting you

sharetips6 aka trader-mick aka hatey aka norbus is at it again
oh dear hatey you are such a sad troll

hatetrader
34simon
55investor
27howard
29howard
21trader
tradermick
tobytime
norbus
hatetrader1
hatey

[sharetips6] 18/3/2016 11:36

Why would Tao just wipe out all that debt then they must want something back apart from the fact that any sale proceeds goes to them. They could have just issued
billions of shares at 0.2p instead of debt and just sold them down. It's Aim which means nothing is for free so more than meets the eye.

but falia and colin are long gone pump and dump parasites they are !

[colin12345678] 18/3/2016 10:21

Turbo Power Systems Inc. (AIM: TPS.L), a leading UK based designer and manufacturer of innovative power solutions, is pleased to announce a Pre-Close Trading Update for the 12 months to 31 December 2015.

The Company expects to report full year revenue of approximately GBP13.5 million (2014: GBP15.2 million), with the Company expecting to report a substantial year on year improvement in full year Earnings Before Interest and Tax ("EBIT"), with EBIT of approximately break-even compared to 2014: loss GBP1.7 million. The substantial improvement in EBIT reflects the Company's focus on production efficiencies. TPS's investment in product development continues in order to drive future growth. Included within these expected results is a one off provision expense booked in the final quarter's results of approximately GBP0.5 million for warranty repair to a fault within motor units delivered to a customer during 2013 to 2015, affecting one single customer specific product. It is expected that the cash impact will be mainly in the first half of 2016.

Cash at 31 December 2015 was GBP0.5 million (31 December 2014: Net Debt GBP9.9 million).

On 12 November 2015 the Company announced that as part of seeking to facilitate the Strategic Review, Tao Sustainable Power Solutions (UK) Ltd ("TAO UK"), which owns 89.4% of the issued share capital of the Company, has waived the entire outstanding loan of GBP10.5 million and all unpaid accrued interest of GBP1.9 million. TAO UK agreed this waiver for the potential benefit of all TPS shareholders.

Additionally, the Company is pleased to announce that it has won a GBP1m contract from Porterbrook, one of three major UK rolling stock leasing companies. The scope of work, expected to be delivered in 2016 and 2017, includes the manufacture of battery chargers for Porterbrook's Class 170 Turbostar Diesel Multiple Units ("Turbostar"). Currently there are more than 500 existing Turbostars operating in various fleets across the UK including; Abellio Greater Anglia, Abellio ScotRail, CrossCountry, First TransPennine Express and London Midland.

The Turbostars use batteries to support both the low voltage standby and emergency circuits. To obtain the longest life and minimum maintenance periods for these batteries, the charging voltage needs to be controlled within close limits. The TPS battery chargers for Porterbrook's Turbostars will provide a stable power supply, throughout the trains' lifetime, and feed all of the car's low voltage loads as well as charging the back-up batteries.

The Strategic review is ongoing; as noted on 12 November 2015 the Board notes that all expressions of interest received to date (up to 7 January 2016) as part of the Strategic Review 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 share price. The Board continues to regularly discuss with its majority owner how best to proceed with the Strategic Review.

Further announcements will be made in due course, as appropriate. In the meantime there can be no certainty that any potential transaction will proceed, or as to the terms of any such transaction. The Company may discontinue the Strategic Review process at any time.

The Company is a Canadian Business Corporation, carrying on the business under the Business Corporation Act of Yukon, Canada and is not subject to the provisions of the UK City Code on Takeovers and Mergers.

The Company expects to report its results in March 2016

[sharetips6] 18/3/2016 10:21

Who is going to buy this junk Colin and Tao get almost all the money if somebody is crazy enough to offer anything decent which is unlikely !

[colin12345678] 18/3/2016 10:18

sharetips you are a clown I know what I am doing do you? filtered AGAIN

[colin12345678] 18/3/2016 10:04

sharetips what are you going on about they are debt free !!

[falia] 18/3/2016 10:02

TAKEOVER BOOM BOOM TIME

[sharetips6] 18/3/2016 10:00

Not surprised there is a topinfo thread pump and dumper on the scene such as colin this company is a bust as bust can get.

Go and read the balance sheet. Would have went under many years ago if it was not
for support from major shareholder.

sell sell sell

[colin12345678] 18/3/2016 09:56

nice post by pappadon from lse above

[sharetrader3006] 18/3/2016 09:40

Oi. Cheeky Barsteward. Lol.

[sharetrader3006] 18/3/2016 09:09

Oh shut up Falia.

[falia] 18/3/2016 09:06

TAKEOVER NEWS