Turbo Power Systems Share Discussion Threads

[noirua] 17/4/2017 16:00

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.

[noirua] 04/4/2017 16:15

Share price appears to be recovering sharply at the same time as PROXama. Both punts in different ways but targets equally higher.

[noirua] 04/4/2017 16:07

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.

[barnetpeter] 04/4/2017 14:15

yes......millions being bought today. Someone wants them.

[noirua] 04/4/2017 13:59

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.

[tevita] 04/4/2017 11:39

MRS was a real dog eh hatey sitting on your loss there I bet that is hurting ?

[tevita] 04/4/2017 11:38

Tech your NEW PUMP and DUMP hatey ?
How much are you down so far ?

[tradermick1] 04/4/2017 11:27

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.

[barnetpeter] 04/4/2017 11:20

Keeping them for 3 years tradermick. Made loads this year so a small punt won't hurt!! Will tell you what happens...

[tradermick1] 04/4/2017 09:31

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.

[barnetpeter] 03/4/2017 23:36

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

[tevita] 03/4/2017 23:33

hatey the PUMP and DUMP FAILURE
MRS LOL
You pick some real bummers hatey

[tevita] 03/4/2017 23:31

hatey how much have you lost on MRS ?
that was one hell of a bum PUMP and DUMP hatey sorry I mean tradermick1

[tradermick1] 03/4/2017 23:22

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"

[barnetpeter] 03/4/2017 21:18

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.

[tradermick1] 03/4/2017 18:55

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.

[tradermick1] 03/4/2017 18:52

"Stolen the company"

Have you actually even bothered to research the numbers BP, this company has lost over £100 million pounds in it's history, it might have briefly made a tiny profit but from memory it's just loss after loss then placing after placing.

Did you know this was once over 300p a share, now 0.1p because the business was not viable, they have milked the stock market for funds for over as long as I can remember.

You do know this used to be called Turbo Genset ?

[barnetpeter] 03/4/2017 18:42

Last year I got 6 times my money back on content film.....I think the management has stolen this company. Legally of course.

[tradermick1] 03/4/2017 17:34

"equally as cheap"

You will never see another penny he moment it delists.

[noirua] 03/4/2017 17:20

Turbo Power Systems is in a similar position to a mining company in Australia, Jupiter Mining Limited JMS. The shares tumbled from 88c to 5.5c, finally the company withdrew from the ASX as selling an asset at several times the market cap was impossible. The final price of the shares in January 2014 was 8.1c.

Good news eventually, in March 2017 as profits soared and 6% of shareholders shares were bought back at 53c a share. A 550% profit for those buying on the last trading day in 2014.


TPS are quite different in nature but are at present attracting the same heavily discounted embarrassing offers. The company has no alternative to cancelling the AIM quotation. Hopefully Turbo Power Systems will also eventually prove to be equally as cheap.

[tradermick1] 03/4/2017 17:18

Somebody got burned !

1,779,853 pays 0.15p sells for 0.0865p

[tevita] 03/4/2017 16:05

have you missed me tradermick1 or is it ?

hatey
annonymous2
sharetips6
21trader
hatetrader
34simon
55investor
27howard
29howard
hatetrader1

which was your best RAMPING name then hatey ?

[tevita] 03/4/2017 16:02

hatey how did your RAMPING go on OPG well hatey sorry tradermick1 ?

[tradermick1] 03/4/2017 16:02

Well well well buystock/dice/tevita/singer8

You return at last !