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Bab****, BAe and Thales
Adastra
In relation to your 12.08 post you say 'All three of the undermentioned would benefit from economies of scale using TP tech.' It is not clear to me which three you are referring to.Can I ask you to elaborate on which companies you mean.
Exactly just 1% of the shares in issue traded and yet marked down 16%!!! Tuck away and sleep soundly - this will rerate for all the reasons mentioned.
If the best we can hope for is a takeover then I'm disappointed. I have resisted criticism of our current leadership but I hope all will join me in voting against any additional reward or remuneration for our CEO if this is an agenda item at our next AGM.
All three of the undermentioned would benefit from economies of scale using TP tech, a huge amount of which is patented and applicable across a huge range of green enterprises. Atmosphere control, at which TP is acknowledged leader, and the applied technology has vast potential. Advances in AI and motion prediction are certainly on the money goi g forward. TP already works alongside all three at present and would be an easy-fit into any imo.
a4007035 maybe I'm being impatient, but after 3 years I think I have some right to raise questions. Even when you add back in the mentioned £1.1M factored cost of Covid,TPG was still going backwards with a lower operating profit. It no longer feels like it is ever going to post a profit, last year the results focused on EBITDA as a true measure of performance, I disagreed then as an accountant I'm a bottom lines guy but do like to see hidden potential asset value that is not always jumping out of the balance sheet. Apart from high level entry specialist contracts which on the whole are generally small who would want to take this over Bab****, Thales, BAE? Can't see it, they'd be better of headhunting some of our staff than paying £40M. This has all of the hallmarks of being one of those companies that ends up investing to standstill, Reminding me a bit of IQE but none of the market hype.
I still believe that the assets put together by PC are extremely valuable in themselves. He has gathered together and farmed the tiddlers into sizeable specimens. Now it's time for the sharks to do the same I suspect. £100m takeout would probably work for many imo.
@scrodingerscat , thanks, I was only lightly invested until this morning. I do truly believe today presents a good entry point which is why I loaded up. Yes investors want to see profit however in the current climate they are progressing and once covid is history these prices will also be history imo .
Completely agree.
They have shown that they are not able to generate profit/margin from their revenue streams. Business model is flawed. I was hoping that the increase in orders would yield greater economies of scale. But they needed to generate some profit this year or break even as a minimum.
The worrying thing is that covid shouldn't really have a huge impact on them (compared to other industries). I'd say they are just using it as an excuse to cover up the cracks.
That being said I will still hold onto my holding. Probably in hope that I'm wrong more than anything.
As you point out, cash plus revenues plus order book make this a tempting target. Take out the excessive CEO salary, assimilate the lucrative assets and bring in synergies of bigger player and this £47m MCap looks bargain basement.
PaulQ, I applaud your optimism but 2018 & 2019 were both much better years in terms of the fundamentals and execution of the growth strategy and the shareprice has not moved. Nearly all of that goodwill appears to have been undone today. Brokers and analyst targets have been missed by a country mile. Personally I'm going to stick around at least to see the year end results, but a lot of hype here over what is a relatively small amount of revenue growth at significant cost. With more shares in issue, a reduction in book value compared to last year and a seismic shift away from our Engineering roots there are geniune causes for concern. The positives are the, cash position, revenues and order book.
Takeover talk I'm afraid is just pure hype. As any prospective buyer is likely to look first to cutting costs, I'm not sure why the board is so resistant to do this right now.
Accumulators seeing value here.......Big buys will roll...
400 000 buy just gone through... sentiment is bullish despite what the current sp indicates
PIcked up a few more at 5.82 today. Showing as a sell on here. Not quite the bottom but it’ll do! No doubt we’ll be back in the high 6s soon enough. +20% not to be sneezed at these days.
https://twitter.com/surprised_trade/status/1318469729095454722
mkts are choppy but provide opportunity, I think this is one on a 15% drop as per figures,
Closing order book £64.4m (31.12.19 £56.8m) cash £7m & £6m asset sale due
Was already in at 7.2p and had to top up massively today. This is a no brainer and the buys v sells confirm others think the same. 10p is my 6 month target here easy. Dyor