Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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I don't think we have seen the bottom yet. Presentation is scant on detail, apart from the odd spike on contract/takeover news this has proved to be a dog of a share and presented no shareholder value. Even on the presentation it repeatedly focuses on staff increases, this company currently only exists to pay staff and director wages, shareholders are an after thought and there seems to be an ever growing number of shares in issue. I regret holding for as long as I have.
Think will turn my computer off for a month and hope price recovers
;-)
The frustrating thing is there is no evidence of any profit strategy.
When do management expect to make to a profit? What's going to be the profit growth from thereon?
I appreciate its difficult to do that for say startups for example but TPG has been established for some time now.
We start again from a price point of 5.4p today, as stated earier there is always a vaue price point and I would suggest at £40m mcap 5.4p should be regarded as reasonably cheap. For those who expected a profit for the last period I get your dissapointment but as mentioned in previous posts some weeks ago that expectation in this year of all years was probably a little high imo, however, we all have different views and that is what makes a market. So as one who is not dissapointed and see's growth ahead in the sp the list below provides opportunity for greater value in the sp going forward as growth does evetually lead to profits, although as stated many times, profit is not in itself a driver of greater value in the sp, many other aspects add value etc.....
Strong momentum from Consulting value stream
o Follow-on order worth at least £5.0 million from Army HQ for consulting support for its multi-billion-pound transformation programme
o Signed an extension to the European Space Agency ("ESA") framework contract until December 2022 and secured the first tranche of orders worth c.€18.0 million
· Establishing 'clean gas solutions' revenue base
o Carbon dioxide solution contract worth £1.0 million with South-East Asian customer alongside Oxygen generation devices contract worth £1.0 million
o Carried out performance trials of clean gas production technologies
· Ongoing geographic expansion
o French office opened to support existing customers and to address Group-wide opportunities
o Contract signed with a German customer worth £1.7 million for innovative mobile computing devices
· Strong Digital Solutions contract wins
o Five-year contract to supply ECLIPSE project management software to Airbus UK
o Initial contract worth £0.3 million to develop an Artificial Intelligence ("AI") solution to optimise critical equipment in the energy sector in the United Arab Emirates
Current trading and outlook
· Acquired Osprey Consulting Services Ltd., a business focused on safety and mission-critical airspace management and regulation in the defence, space and the emerging urban air mobility markets
· A strong start to H2 with multiple significant orders secured, including:
o c.€9.0m of additional work orders secured under ESA framework contract
o c.£1.0m Hydrogen system contract
o c.£2.0m extension to MoD consulting contract
o c.£4.0m orders to supply MoD with oxygen generation and carbon dioxide removal devices
o Signed a three-way hydrogen fuelling partnership agreement
The Group remains well positioned for future success