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The beauty Max is in the secretive work that TP Group is likely to be involved in if any? as the company like many others dare not disclose too much highly sensitive information. Somewhat similar too ITM Power and their share price tells it's own story, I suspect we will get something similar with the results when announced and, that is when you need to be on the ball especially with the chairman's statement. If it was not for the coming global recession I for one would be exceptionally optimistic. Best wishes with your pursuits Able!
The beauty Max is in the secretive work that TP Group is likely to be involved in if any? as the company like many others dare not disclose too much highly sensitive information. Somewhat similar too ITM Power and their share price tells it's own story, I suspect we will get something similar with the results when announced and, that is when you need to be on the ball especially with the chairman's statement. If it was not for the coming global recession I for one would be exceptionally optimistic. Best wishes with your pursuits Able!
Dear Able, Mr TT, and colleagues. I wanted my last post to enlist any Chemists or chemical Engineers who may pay a passing glance at our cprrespobence, and you both tp see whether the work we do for the Royal Navy can be used in any way to help in the present crisis. In particular, is the product produced for the Sailours suitable for hospital patients. I am thinking of the oxygen produced ahould be 100% pure. ----- Yours, Max.
Max! I would love such an announcement. Able!
Able and Mr TT. Perhaps the announcement, some time ago, that TP can offer hydrogen supplies should be brougth out to the fore. You have pointed out the soaring share price of ITM Power who supply hydrogen at the point of use (no transport involved) could be in competition with TP and bulk hydrogen supplies. Any thoughts on this possible development ? ----- Yours, Max.
Truro Trader the us is inclusive of all the shareholders in TP G. I consider it most unwise to think that we are alright Jack! We have to consider the knock on effect to the economy, the companies going bust and how all these hand outs will be paid, for instance; the government had to borrow heavily to pay for world war two. How will all this be paid for at the end of the day? Just remember all the money printing out of thin air and, at the end of the day we do not have the gold reserves to back sterling. As you and Max state the work in progress is healthy and the cash in bank places us in a much stronger position than most however, the situation is serious as the government will sooner or later have to prioritise something like a new currency. I keep an open mind. Best wishes to you and Max.
Dear Able and Mr TT. The company has a lot of work in hand, engineering, conaultncy consulting with systems and project management and now further software expansion in Space. Given the recent financial agreement with a bank we may see a suitable acquisition to assist the development of Westek which seems tobe specialising in manfacturing of computer systems and associated software. I wonded whether Westek works with Polaris in this field., for cross development and enhancement of the software including AI. ----- Yours, Max.
Hi ABLE, not to certain who the "us" is in your post but TPG is actually in a strong position. Solid forward contracts with blue chips and governments plus some £10 Mill of cash and a good chance of breaking into meaningful profits when we get this years figures.
The only fly in the ointment is the low SP but twas always thus!
With all the money printing that is taking place it is post the Corona virus that matters will be sorted out and, in the meantime the companies disappearing will add another dimension to the markets woes. Where will it leave us? I do not have a clue and I am sure we will all be worse off as we have yet to face the results of all these shutdowns. I have to admit it is a miserable situation for most and I must admit I feel very sorry for the majority of unfortunate people who are much worse off than us.
Excellent contract extension news, which should secure around €30 million of revenues until December 2022. Lovely:
Https://www.investegate.co.uk/tp-group-plc--tpg-/rns/esa-framework-contract-extension/202003240700042858H/
"ESA framework contract extension
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that its subsidiary Sapienza Consulting has been awarded an extension to its framework contract with the European Space Agency ("ESA"). The framework agreement will now run until the end of December 2022.
The contract was initiated 1 July 2017 to supply resources and services to the European Space Technology Centre ("ESTEC") at Nordwijk in the Netherlands. At the end of March 2020, the contract will have generated approximately €31 million of revenue to the business. This extension adds a further 30 months to the framework agreement and is anticipated to run at a similar business volume over that term.
Phil Cartmell, Chief Executive Officer of TP Group, commented:
"The extension of this framework agreement is a welcome confirmation of the future business profile of Sapienza Consulting in the Netherlands, and it shows that under the current difficult operating conditions, institutions and business can continue and plan for the future. This award reflects the hard work and quality service that has been provided by our team over the last three years and positions us well to work with ESA on their exciting portfolio of future space missions."