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Agreed, today had the feel of the other day before the rise with buying severely limited. Won’t take much buying to push it back up
Healthy pullback imo....
Lets see what the new year brings
ATB
They must know if Harl can’t deliver on their contracts there is a chance they will now come to us. Sneaky!
Any buying and they take it to NT, barstewards
Agree, margins are wide but then MM’s clearly want to load ahead of the pending news :)
Drop overdone. No buying allowed again by mm’s
My theory is that a ton shares will be issued at around 9p, which is the average for the past few months.
In its forecast, DNV says that offshore wind shows a 13 per cent average annual growth from 2020 to 2050, and will account for 25 per cent of the total grid-connected wind capacity.
https://www.offshorewind.biz/2022/10/13/offshore-wind-could-grow-56-fold-by-2050-contribute-to-green-hydrogen-production/
Pls note this is not me giving advice but me simply posting an article others may find of interst ;-)
Some of it was me, had £60k at 15p, reduced it to £15k. I'll buy more IF it drops below 10 though!
Good question pumpky,
I've never seen so many trading RNS's on any share like those reported here...?
If 73% of shares are held by institutions who is selling?
DS you bought at over 15p on Wednesday and now about to hit 10p so I don't think you should be giving advice. This is just another AIM P&D and as Porter stated earlier it isn't a going concern.
Agree DS, I watched a documentary last night on windfarms and 1 warehouse in Denmark is dishing out 1000 turbines a year with a 10 year order book. The amount of work involved in then constructing the turbines is highly risky and requires expensive plant and machinery. The market is very niche and every contractor has their field specialism, there is no one stop shop so plenty of work for TGP.
Eventually oil and gas will be effectively finished with, just like the coal industry before it.
I thought you had decided not to invest pumpky :-)
The Offshore Wind business is about to boom. Tekmar should benefit as a result
Presumably the offers of investment they received recognise this and see better times ahead.
Yes I know, read how much money was owed to the company considering it was a clean book the year before, I believe they were owed around £17m, no reason why that shouldn’t now be collected.
You don’t want to invest that’s fair enough, but it’s only fair that other investors understand the facts.
The last accounts (interim results were in June) as per my first post (£9 million bank and placing )£5.1 cash in bank:Had to pay £5 million an overpayment by a company
Read the accounts reports - show massive amounts of money due from clients now expected to have been paid.
Read the most recent RNS’s - show massive contracts, cash now in bank covering debts and giving liquid.
DS - Mr Bank Manager, I already have book orders of £30m a year for the next 3-5 years.. you think you can give me £50m over a 10 year period as a cash runway for staff training, business development and asset procurement purposes? Asking for a friend.
It says that on their RNS:Strategic review in June;5 months later a decision to give the preferred company another 60 days to decide to "invest in or around the Sp:Interim results show a loss:having done my research:will not invest:Good luck all
People thinking short term not long term I guess.
We’re 2 weeks away from the end of an exclusivity review for a merger / takeover, expecting new contracts to be awarded in the new year, confirmation that the overdue payments due to the company have been collected and a company performance update amongst many things.
The SP has dropped so a massive opportunity for returns for those who are happy to sit patient.
The float sits mainly with insiders and institutions. PI’s selling now are merely handing their shares back to the institutions and reducing the public float even more IMO.
Following a review of the proposals received, a preferred partner has been granted a 60 day-period of exclusivity to carry out further due diligence and finalise its proposal. The exclusivity period relates only to alternate debt or equity financing proposals and, for the avoidance of doubt, does not prevent an offer being made for the Company by a third party under the framework of the Company's formal sale process.
That is the risk and why SP dropping fast. Cannot believe some bought at 15+ on Wednesday after JRs Pump and Short.
IMO the company is no longer a going concern and not in financial difficulty, so it would have no effect on their AIM listing.
There is also no urgency for a deal as they clearly have a number of collaborative partners such as DEME that they’re working with and getting multi million £ contracts with.
The putting the company up for sale or consideration to formally collaborate with others was always exploration and never a firm intention and I personally feel by doing so, control over the company would be lost. Unless a premium offer is made I can’t see how exclusive agreements will benefit the company.
What is going to happen if the deal isn't successful? (As per the RNS "will allow the company to continue with its admission on the AIM Market)
Agree, a few months ago they confirmed they had all of their covid loan money set aside in a bank account despite it not needing it be paid until October 2022 equating to £7m, an additional £1.5m in the bank as cash on top, their bank overdraft paid, over £20m in confirmed future orders and now as we’ve seen they’ve been landing and delivering more and more contracts. I personally think with covid allowing a business restructure and integration of the new acquisitions, we’ll see their best trading year to date!