George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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The impressive progress continues....
( ´∀`)/~~
Https://www.contractsfinder.service.gov.uk
Since 16 December and into January including today TPX has won several contracts, some alongside major service providers. Great to see them on NHS projects now.
Meh, he's been accumulating plenty lower so good trade imo. No reflection on the companies future
Perhaps under the radar, hidden in the RNS
TPXimpact CEO, Björn Conway and CFO, Steve Winters present interim results for the six months ended 30 September 2023, followed by Q&A.
Watch the video here: https://www.piworld.co.uk/company-videos/tpximpact-tpx-half-year-results-presentation-december-23/
Or listen to the podcast here: https://piworld.podbean.com/e/tpximpact-tpx-half-year-results-presentation-december-23/
Management seem pretty confident about the trajectory for profitability. 10% EBITDA margin should be achievable, which combined with the grow in new business supports an interesting earnings uplift over the coming two years
Margin was their biggest hurdle previously. They need to employ resource to handle those bigger contracts so more revenue won't necessarily help unless they've worked more margin into the deal. Next set of results will show more I believe
There appears to be more stability in the workforce. Plenty about revenue growth but potential for profit seems opaque? Revenue does not equal profit so is there any realistic prospect of doing more than tread water? Heavy emphasis on governmental contracts seems to present an unbalanced picture. Given the current high level of government debt surely it would make sense to have more non governmental work contracts in case austerity measures are brought back in earnest. Perhaps the year end results will be more transparent.
Tomorrow eill action as thus year result will get better . Time will turn next level. There is a option for directors if share price over 60 p so we will have good hope that will drive share up.
Tuesday, 5 December, 12:30pm
Bjorn Conway, CEO & Steve Winters, CFO will present interim results followed by Q&A.
Register here: https://bit.ly/TPX_HY24_webinar
£3m contract award:
TC645 - Research, Evaluation and Data Sciences
Manchester City Council
Manchester City Council (MCC) is looking to establish a procurement framework to help delivery its research and intelligence work, in support of its wider objectives. The framework will provide a mechanism through which expert support and advice can be effectively obtained to meet the myriad of needs of Manchester. The Performance Research and ...
Procurement stage Awarded contract
Contract location United Kingdom
Awarded value £3,000,000
Awarded suppliers Axia Origin Ltd, BMG Research Ltd, Cambridge Econometrics Ltd, Centrifuge Consulting Ltd, CM Monitor (Britain Thinks) Ltd, Cordis Bright Limited, DAS Ltd, Deloitte LLP, DJS Research Ltd, Ekosgen, Enventure Research Limited, Forever Consulting, M E L Research Ltd, Methods Analytics, Metro Dynamics, Mustard Market Research Ltd, Ove Arup & Partners Ltd, Savills (UK) Ltd, SQW Ltd, Steer Davies & Gleave Ltd, Team Telemarketing Ltd, The Good Side, TPXimpact Limited, Trilateral Research Ltd, UrbanTide Limited, Wavehill Ltd, WPI Economics, York Consulting, ZK Analytics Ltd
Publication date 26 October 2023
No one interested in this share at all. Only sell small amount but price keep very well. Next update on December so we will know more how good it will recover.
TPXimpact Holdings plc issued a HY trading update for the period ended 30th September and confirmed the disposal of TPXimpact Norway this morning. Strong trading performance in H124 has been encouraging and in line with management expectations, the Board expects to report first-half revenues of £41-42 million which would equate to like-for-like revenue growth of around 20% for H124. Adjusted EBITDA margins are expected to increase to 4-5% in H124 from less than 3% in H123. The balance sheet has strengthened with net debt (excl. lease liabilities) down to c. £13 million at 30 September 2023. Valuation looks attractive with forward PE ratio at 12.2x top third for the Software & IT services sector. Share price lacks momentum for the time being, but the move into statutory profit in coming years could be the catalyst to generate some appreciation. Monitor for now...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/TPX/818
Interesting, looking at the company website, what a variety of positions are open and needing to be filled. Shows the demand in this field of work for qualified people. I wonder what sort of response the company gets?
Dowgate Capital:
TPXimpact has released a Trading Update which indicates LFL revenues grew +11%
in Q1 and +26% in July and reiterated its FY guidance; the AGM is on 28th
September. The group has performed strongly this financial year, with LFL growth
of +11% in the Q1 to June, while the operating margin was in line with budget. New
business wins in Q1 exceeded £90m driven by the two major contracts with HM
Land Registry (up to £49m/4yrs) and Department for Education (up to
£27.5m/2yrs). As these contracts have come on stream LFL revenue growth has
accelerated from +5% in April/May to DCe +23% in June and 26% in July which puts
the group firmly on track to achieve its guidance for 15-20% LFL growth in FY24,
with an EBITDA margin of 5-6%. Net debt ended June at £17.9m and the group’s
new banking covenants came into effect on 1st July. We retain our Revenue and
EBITDA estimates which are set in the middle of the guidance range in both fiscal
2024 and 2025. We maintain our view that, as confidence builds in the delivery of
revenue & EBITDA and debt is paid down, very significant value will be recreated in
TPXimpact equity. We retain our Buy recommendation and target price of 90p.
...
Lombardier increased holding to 14%
Was it not just a change in major holdings?
I can see that Lombard Odier increased holdings by 1m shares yesterday.
As an aside, my data feed is showing me that Global Prime Partners added around 2m shares in July and Otus Capital Management purchased an initial position of 3.8m shares during April.
I also see that there have been significant increases by UBS trading accounts and Hargreaves Lansdown.
More cash in....
( ・_ゝ・)
It very strange as share are being sold over two week time but price not down as 37 p. As many as shares being sold but MM keep hold this price so this is bottom from now.
Investors are waiting for progress to be shown at the next trading update, end of September
Over three weeks time only sell not many buy. It seem peoples lose faith in this company as there is nothing bad but good starting point of recovering. Just matter of time and next update will show that gor sure.
TPXimpact CEO, Björn Conway and CFO, Steve Winters present results for the year ended 31 March 2023, followed by Q&A.
Watch the video here: https://www.piworld.co.uk/company-videos/tpximpact-tpx-full-year-results-presentation-july-23/
Or listen to the podcast here: https://piworld.podbean.com/e/tpximpact-tpx-full-year-results-presentation-july-23/
I'm doing some work on Kainos and the delta between the two in terms of sustainable EBITDA margin. I need to do more investigation but believe it is to do with size of contracts, how time is staffed and billed, and possibly type of work. Fundamentally I don't see a reason why TPX shouldn't manage a similar level of operating margin. Kainos is 4x the size in revenue terms, not a massive difference, but achieves 18%+ EBITDA margin and is 26x the size in EV terms, which is a huge difference. As TPX brings EBITDA in line, the rerate will be considerable.
Read the first few pages, I dont think this would be top of my list for investing in. I would rather give this a year to see what the turn around looks like. I think Rigby and Ghandi have done a lot of damage here. SeaTank, have you looked at MTEC? similar co, at least for comparison.