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Keep quiet & keep topping up ;-)
Hope so
Should break through 20p tomorrow?
Porter, couldn’t agree more. Will be off to the races tomorrow I think.
GLA
DYOR - Ireland, Ireland-France, Scotland, NE England, wind 5x more investment than oil and gas contracts, share liquidity, DEME, UAE, China, patents, bid situation - buy out / take over, skills shortage, planning consents for offshore wind, OVO, SSE, EDF ... GLA
The analyst consensus target price for shares in Tekmar is 75.00p. That is 368.75% above the last closing price of 16.00p.Analysts covering Tekmar currently have a consensus Earnings Per Share (EPS) forecast of -£0.03 for the next financial year
Good find Rich. Big money being pumped into renewables atm, 5x oil and gas from the articles being shared in the Telegram group. Agree, any company aiming to deliver on a programme will pay a premium to be exclusive with the engineering provider, but I doubt Tekmar will ruin relationships they’ve spent years building and will aim to create a deal which makes everyone happy
A sign of things to come for Tekmar in the very near future?
“Yicai Global) Dec. 7 -- Shares in Titan Wind Energy surged as much as 7.3 percent today after the Chinese renewable energy firm said it is paying CNY3 billion (USD428 million) in cash to take over wind power equipment supplier Jiangsu Strongwind Marine Equipment to improve its positioning in the offshore wind power gear sector and boost competitiveness.
Huge acquisition earlier this month. Seems all the key components companies are in very high demand“
Hope no takeover and just a large investment into the company
Then again it obviously depends on what that T/O offer is!
*ideally no takeover offer comes in
So ideally takeover offer comes in as it would be low compared to what the sp should be moving forward?
Cracking post.
Would say to anyone not in the telegram group to join in. Great information being posted
RNS October explains that the company have moved into a cash in bank position, which IMO means they have overcome the challenges presented to many businesses in covid and moved out of loss earning to profit earning once again.
The company have recently won contracts in Saudi, the US, China and North East England, as well as secured patents on the cable protection systems for their wind turbines, have over 60 personal products, hundreds of staff across the globe, £40m+ a year in sales, expected to double to £80m+ in 22/23 and 75% of the market share for their industry.
With energy contracts in abundance, yet a global skills shortage in engineering, Tekmar’s staff will IMO be in hot demand and a major scheme operator will do all they can to secure labour and deliver their own projects on time and in budget.
I personally can’t see a takeover unless they offer a premium as Tekmar will not be pressured to sell, more so big value contract awards in exchange for a commitment to deliver a significant commitment of manpower IMO.
Takeover offer coming in this year then? Even though the cut of date is 15th January?
hTTps://twitter.com/wallet_investor/status/1606329593929076736?s=46&t=dvtxQNettD2TYLBAywkstQ
By 2030, UK exports to the global offshore wind market are estimated to increase fivefold to £2.6bn per annum
“TGP #tekmar @GroupTekmar - In merger/takeover talks, with the SP £1.80 pre covid, now 16p. £40m+ in sales per year, over 60 personal products including patents, 75% market share with experts in renewable energy, no wonder #BP #OVO #SSE #Siemens and #Shell use their services“
https://twitter.com/wallet_investor/status/1606653802421129219?s=46&t=wSNDQh57s3kRJkET97YIQg
£2 is my rough target only Mcap £120m which is still cheap
Minimum t/o price will hopefully be at least £2, as always time will tell though!
Although with the recent contracts plus possible future ones you would hope that the MC should be over 100 mill.
https://www.business-live.co.uk/enterprise/offshore-group-tekmar-talks-several-25219869
Some key questions answered in the above article:
Tekmar’s gross cash at September 30 2022 was £8.5m.
Tekmar, which was founded in 2011, floated on the AIM market in 2018 in a deal that valued it at around £65m.
The company has also announced an agreement with Barclays Bank to extend its £3m CBILs loan facility until October next year
Looks like the cash position could be bigger than the MCAP and we should be looking at a deal no less than £65m
Nice post DSFLAT
Notably the emergency measures on permitting mark the first time that the EU defines in law the expansion of renewables as a matter of overriding public interest.
Europe wants wind energy to generate 43% of its electricity demand by 2030, up from 15% today, in order to strengthen its energy security and maintain affordable power prices for households and businesses. This means increasing Europe’s wind energy capacity from 190 GW today to 510 GW by 2030.
Under the new rules Member States must accelerate permitting for all new wind energy projects. They must now permit repowering projects within 6 months, including the Environmental Impact Assessment and the grid permits.
https://windeurope.org/newsroom/news/eu-energy-ministers-adopt-emergency-measures-on-permitting/
@jonesrichard.For God's sake man,catch yourself on.