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The share price is only restrained due to market conditions and, when the company is able to demonstrate that they will be in a position to pay dividends while still growing the company shareholders will be rewarded. Take for instance Berkshire Hathaway they do not pay dividends but, shareholders if they wish to sell will make enormous profits and the reason for that is the enormous asset value of the company. My only problem is the illness that I suffer from whether it allows me to witness the next bull market in equities. I am seriously considering adding to my holdings as I can for see substantial gains in the near future and my daughter will inherit the legacy. Just in case anyone wonders, I play the market purely for my daughter and the strategy prevents me taking undue risks and when the stock appreciates substantially, I automatically sell some or all and, fingers crossed the system has allowed me to keep in front for the last 50 years plus.
Hi dactions, Good bit of activity today so far as well. I've just looked at the losses for the 1st half last year 0.7 mill, as the profit was at 0.7Mill at the end of the year then we should have done about 1.4 Mill profit in the last half.
If we did more than that in the 1st half of this year then we should smash the expectations of 3 Mill for the full year. If this is so then when it's announced the SP should enjoy another rise - add in the prospect of a (token) full year Divi then we could get a decent rise of between 5)% or even double. In my view a decent acquisition will make this a certainty.
With nigh on 8 million shares traded today, and apart from a mid/late morning dip of Sells, the bulk of today's activity were Buys, then I'm surprised we ended the day with such a modest increase.
Dinoken & TruroTrader - do agree with everything you say.
Yes I expect we'll get there eventually but Cartmell seems to me to be acting like a Dictator - it's his way or nothing.
I am surprised frankly that given the long-time institutional investors TPG has, none of them would seem to be complaining !
I doubt there would be a cash call for acquisitions any time soon as we haven't yet spent the last one in 2 years when the plan was to spend it in 1 year! Any way we've still got half of the fund raise left - say 10 Mill?
The SP should get a boost on Monday and hopefully that in itself might attract interest and any rise might be sustained - one can but hope!
Dactions - please feel free to point out just 1 long-term holder who is not seriously angry about the non spend of the massive war chest amassed two years ago, and fact that mc is so low . You do not raise 20mill from shareholders to leave it rotting in the bank. In addition, the frankly pathetic trading update strikes of incompetence, not complacency.
Your right to show a bit of cynicism Dinoken but the Midas write-up is worth a read especially for newcomers to the company although I don't see why more cash would be needed from shareholders for any further acquisitions.
I do think Cartmell has shown complacency (?) when it comes to notifying existing shareholders in his recent RNS - why does the Daily Mail seemingly have more detail than we saw ?
But that aside, Joanne Hart in her article does sum up where I think the company is heading:
Quote: Midas verdict: TP Group has come a long way over the past decade but, at 6.4p, the shares fail to reflect the company's achievements to date or its future prospects. In an increasingly unsettled world, TP's defence interests are particularly compelling. A strong, long-term buy.Endquote
Troajan - have'nt you got anything better to do on a Saturday night than read the Daily Mail !!?
Article does not mention the cash mountain left over from the last cash call 2 years ago which is virtually half the existing mc but intriguingly mentions that a further cash call is on the cards for a large purchase. Wonder what it might be ?
Also promises no dividend and profits to double from £1.5 million in 2018 to £3 million this year, with sales to increase by 41 per cent to £55 million with further strong growth pencilled in for 2020. Could have done with that in the 'Trading Update'.
Apparently, 'TP shares are 6.4p and should rise considerably from here'.
Well, they could not fall much further with so much cash in bank ...
Hope there is a cash call and a transformational purchase in near future.