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Just realised why they need the overdraft facility , good will on the company's they bought need to be repaid
Hi dactions, I too came in the Downhole Gas days. After some 7/8 years I'm beginning to think you may have a point. We seemed to change direction for the better say 4/5 years ago. Some 2.5 years ago, at great expense and inconvenience, we opened a high precision engineering facility at Dukeinfield Manchester with supposedly rare capabilities - heard rock all since. Perhaps this is also on the sale list with the heat exchanger business?
Guess I'll stay for now while we reposition ourselves yet again. But for a company that has business consultancy as one of it's newer important arms it is just a little concerning about the lack of profits.
Are margins to low and costs too high? The Osprey acquisition is a case in point. Cheap to buy but expensive to run is my view. It's too inwardly focused on the UK air market which is not exactly booming! I just hope that Sapienza has business for it. As always time will tell!!
Morbox - been in TPG for 9/10 years I think - when as Scrodingerscat mentions it was previously called CORAC. Average price for shares paid over the years is 10p - with a whopping addition I made in July 2017 at 6.5p
A company like TPG - and why call it TPG ? - that was a question I raised with Phil Cartmell but never got the courtesy of a reply - has never been truly open with its shareholders. It might now sound like 'sour grapes' on my part but check past reports, and you'll see there's never any mention of shareholders. Enthusiastic noises were made at the 2017 placing but actions didn't match the words and for several years the money stayed in the bank.
Structural changes have been a constant at TPG which of course kept expenditure high or more like wasted resources. Now the interim reports further 'business streaming'.
The facts are that expenditure has to be sharply reduced and/or contracts have to be more remunerative. But the CEO can make a start and reduce his own grossly 'over the top' pay package because he's done little to earn it in my opinion.
Just looked up my first buy, and in 4 days time it’s my 1st anniversary! A whole year of holding and 8% down! Oh well maybe next year.
Surprised, you bought @5.5p so only this year then? I can see why you still are positive as you've been here only 5 minutes. Give it 12 months let's see if you remain that way, as it will more than likely still be in this range or lower. TPG has a long track record and Corac previously of letting holders down, it's why all the II's moved on. Currently there is nothing known that can dig the company out of this hole, they need to secure more contracts and cut costs, PC needs to be bringing in external management consultants to look at efficiencies because at the minute it looks like the cost of sales increase mirrors revenue increases and for a loss making business that is unsustainable.
morning Stokey...I think there is, however, it's not the only driver in an sp as i have stated many times, however, it is for each of us to decide what and why we hold or purchase a stock ..I did nor buy stock here at 5.5p a few months ago expecting a profit at this satge as per previous posts as I see further growth as a driver leading to greater sustainable profits in time, not yet.
surprised In relation to your 19.57 post of yesterday I currently still hold shares in TPG. My concern is that there is no clear route to profitability that I can see.
and the the market very much lies at times with overbought and oversold prices almost daily....the key is knowing where we are in the process :-)
thanks a4007035...because folk share different opinions does not make them deluded and that's what makes a market.....some will sell and some will buy at different times and prices and for those who were expecting or theri only 'driver' was TPG making a profit in this particular year, as I stated in previous posts some weeks ago it is not the aspect one should be focusing on at this stage.....now who is deluded ? good luck with your investments, stocks and shares is about us pi's against the market not each other .
The market doesnt lie. 20% fall today and I still see deluded people on here being positive about the outlook.
There really is nothing to be positive about.
I think one thing we can all agree on is that we don't know whether TPG is able to make a profit or not.
Hi there surprised after thinking things over I will be selling all my shares in the morning ,there are so many excellent gold shares about now that I will place my investment there, good luck to you ,
nuff from me , the bb is a good place to vent dissapointment, anger etc and why not if you're dissapointed, as I say it takes all sorts to make a market , good luck :-)
buy shares even
nope, stokey, there are many ceo/directors who but shares in 'their' companies (and although I get the skin in the game bit) it is a bit of a misnomer . Look to D lenigas, R Poulden etc tec who buy large % of 'their' business yet they consisitently under perform and sh's get diluted....the dark arts of reducing a holding is well known among directors etc....so i get your point, however, if directors buying was a key factor everyone would do it, inflate the price etc etc....this stock market game is not so simple as we would like...I take it you are no longer a holder Mr Stokey or do I mis read your dissapointment this late into the evening ?
The company they are selling will be for 6 million pounds , if you read the details and may be wrong and if so correct me the TP Engineering company has 6 million pounds worth of debt. So implies a sell value of nothing.
Need to keep reading the smaller details to get to the bottom.
surprised in relation to your 18.30 in considering whether this investment is a hold thefact that the directors are not investing in the company is a factor. They have better information so if they are not investing the question would have to be asked why.
Hi dactions, I don't think I alone can keep a share price up, lol..be nice ....however, all I try to emphasize is that a market is made up of differing views, I can envisage a point from here where the sp will be significantly higher, it has been before, so there is always a price point..equally if we all had the same outlook we'd all buy and sell at the same time etc...it's what makes a market...I get the dissapointment of some, however, the world has a pandemic, TPG are still securing wins, contracts and is in a good position...there are many profitable companies with a falling sp and profit is only one small factor amongst many that add value to an sp :-)
... keep the share price up ......
Can’t help feeling you’re pushing a boulder up a hill Surprised.
I don’t blame you for wanting to keep the so up but the fact is that in reality, we are no further forward than we were last year or the year before. We’re not making profits and we have no better idea that this year is going to be any different.
Senior management has been rearranging the deckchairs on the Titanic !
Hi Stokey, I was referring to the future outlook ..., I take it you did not buy TPG on the basis of a director buy or not ....anyway we all have our take, and the next few months start from tomorrow -)
surprised In relation to your 18.17 post I have just checked the 2019 Annual Report and no current Director has purchased any shares since 2018. There is no RNS showing that there has been any dealings by a Director. That does not give the impression that the Directors have much confidence.
nope confidence looks good to me going forward ...right, that's that out the way, and breathe, tomorrows another day :-)
.Order intake up 13% to £35.2m (H1 2019: £31.1m) - a strong performance, overcoming commercial constraints arising through the COVID-19 pandemic
• Closing order book £64.4m (31 December 2019: £56.8m) - provides good visibility and continuity for the business
• Established a new £7.0m three-year finance facility with HSBC Bank plc to support investment in future growth opportunities
• Cash balance, net of £7.0m drawn down from HSBC bank facility, £6.8m (31 December 2019: £6.6m) - strong working capital performance
I note that I cannot find any dealing in shares including the exercise of options by any director going back at least two years. This would seem to imply a lack of confidence by the Directors in TPG's future.