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Surprised sp hasn't moved a lot higher on such excellent news. I remember Plexus which is a similar business rose significantly on similar news. Early days but BoD sounds very upbeat and market is bound to rerate the sp sooner rather than later.
AIMHO
Ironknut yes thanks. Was in this for awhile but sold last year. Been meaning to get back bit by bit.
This should be over 50% by now, with £6mil worth of contracts.
'These contract awards support order intake of approximately £23 million in the financial year to date.'
Current MC £13.6mil.
Well P119 hope my comments prove of long term value to you both. This seems to me a company with a future whose sp has suffered due to AIM being out of favour with investors at present.
There getting more contracts now so very pleased at better profit .
Ironknut your post caught my eye on Friday so read up the Agm rns. My friend and I both bought a small amount.
Thanks
Big contract awards for a small company like this very encouraging..
Positive Final Results and prediction of return to profit. Since then steady fall in the sp.
Have looked at TOP recently.
Looks a really interesting company.
One issue is Derek Bulmer being recruited in the first place and then being a board member, this after his complete disaster of commercial / contractual / financial management at kmk.
The share price peaked 4 years ago @ £1 - 75 & there are presently 137m shares in issue. So the price could rise upwards easily with this £3.5m cabling contract and it's their 3rd one announced since May last year. Wind power is still sought after. Best to climb aboard this share whilst low. Pre contract in May was £5m & in November £2.5m
That's better...! Thank you, universe.
But still, contract win vs MCAP - should be comfortably (and conservatively) around 15 - 16 way in the very short term. Tekmar is the very definition for an AIM-listed company, if all things were equal and as they should be.
...and barely a twitch.
Honestly, this is one of the strangest shares I've ever been in. One of the very best in terms of fundamentals - but the strangest in terms of market reaction to good news.
So it goes. Bags are long packed, waiting patiently for a 2 - 3x. GLA.
strongly agree with you, @porter_.
1. a few points to add: undersea cables are being laid at an exponential rate by tech titans seeking proprietary internet infrastructure.
2. ‘russia’ (the inverted commas are because the kremlin denies it, just as they denied the troop build-up on the ukraine border 🙄)m is chopping up cables wherever it thinks it can get away with it.
3. the uk royal navy and raf have recently invested in coastal-patrol capabilities to protect the digital and energy infrastructure that serve our island. installation and maintenance of that infrastructure is the domain of the private sector.
4. despite having to reduce the returns to energy co.s at auction, the uk continues to invest heavily in offshore-wind capacity.
these factors mitigate in favour of either a.) a tech titan, b.) the mod or govt or c.) a big yield-hunting investor either i.) providing massive maintenance contracts, or ii.) launching a takeover bud.
so solid are the fundamentals that porter_ has already set out below (for which reason i shan’t rehe**** them here) and so clear is the chart, that i would personally vote against anything less than 116p for my shares. this little gem is that good.
- Housekeeping done on 100% acquisition of partial owned company.
- Big contracts coming in.
- Set to move into profit following big acquisitions and covid bump.
- Energy industry booming.
- Massive lack of skilled workers in other engineering companies, with Tekmar equipped to pick up the works.
- Patents galore.
- Global offices, contracts and collaborative relationships.
- Engineering companies being snapped up in the industry.
Ready for a massive takeover IMO.
Excellent news - and news that, in the case of most AIM rubbish, would garner a far more significant increase that it has so far. Still, preferable to be here than in those.
Around 18p+ is genuine fair value here, IMO.
250k to move it up, less than 50k to drop it again, almost every time, heavily manipulated quiet stock
Agreed but a proper hidden gem that moves quickly on little volume. Far prefer that to some jam-tomorrow hole in the ground somewhere.
I think this is good value but it's such a quiet stock nobody seems to play it unless its' up 20% from time to time
Might be time for a run lots of nibbles and NT to buy at 12p
Buyers are creeping in and the SP is certainly recovering.
Will be interesting to see what this quarters results bring.
We already know the sales for this year alone are as big, if not bigger than the current MCAP!
Just added aload. Think now these have funding in place these could recover strongly...
Nice 107k buy delayed before the close there at 12.4p
This is more like it. Should really be 15-20p levels and higher longer term, this is a decent company yet rubbish like Miri gets chased all the time
Inline and banking facilities renewed I'm surprised at how quiet this one is so far
Davey I refer to my previous post. Infrastructure.