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Tgp are a world leader in what they do. Lots of contracts will be up from grab, as countries increase their wind farm capacities.
We just need to wait upto 20 odd days, to find out the plans. Takeover or capital investment. Either should be a boost for the company..
If the SP hits 20-25p today, I shall hold my hands up and say I was wrong. Certainly looks like a strong rise. Well done all in.
before this really starts to rocket. Loads more investers will notice what is happening here and board the train which is just leaving the station.
Huge upside here. The more you read into these offshore windfarms the more you see how there’s companies wanting to takeover Tekmar.
Actually mid-point of a 60 day consultation period with a third party. Possibly Takeover incoming also possible..
Tiny free float, in exclusivity agreement with major Institutional investor, major contracts coming in.. gap to 40p
Fair point there
Maybe they won't give out any new shares in this process. Maybe their partner will force a rebrand and new structure, who knows.
If there is a buyout though (at whatever agreed price) you can almost guarantee the new owners will increase debt in some way to get back their investment capital.
I always think back to Man Utd (& I hate football) - A cash rich company, taken over by the Glazers for £800m and then run up huge debt - ironically they're now refloated and rumors Amazon are interested around £7bn. But how did the little man fare in all of that - certainly the fans and followers hate the Glazers with a passion.
Tribalhound
Good post and I get what you’re saying. They did mention in a RNS that no new shares would be given out in this process. I know saying and doing are two different things. I can’t see them letting the company go on the cheap tho when offshore wind is really only just beginning
Yep once MMs flush traders/weak holders, there likely to be no holding back as hugh gap to fill upto 40p..
Not wanting to dampen anyones spirits - least alone mine as I've been a long term investor - but it was only 6 months ago TGP announced cash flow issues and put themselves in the bid situation.
So to fulfil a giant order they're going to need lots of resources - staff / equipment etc - with depleted cash that's going to need a partner or buy out.
We all know how buyouts / partnerships work in AIM - the investor gets 'new shares' in exchange for investment - or at least an option to buy at a future date.
Whilst I cannot deny this is an exciting time just be mindful that retail never gets a 10 bagger as easily as a straight up in prices.
Yes - TGP will most definitely be a long term success story (under whatever name / new owner / partnership) BUT in the short term just be careful you don't get smoked by the city boys & global corporates - they are far smarter than just sending a company directly to the moon without their ability to do a reset and get onboard cheaper.
Huge gap up to 40p, but then shares are being grabbed by sticky hands. Last update, only 17% of the float was in public hands, rest in institutions and Directors. Under the right conditions the SP could easily fly
16p is a resistance point, then there’s a huge gap up to 40p
Agree NE14 I was looking at DB and other offshore windfarm projects and those were the dots that joined up imv, SSE recently cashed up a big chunk equity which my guess will allow them to expand the SSE Renewables side of the business.
https://www.sserenewables.com/offshore-wind/
Would make a great strategic investor as they expand ops imo
BP looking to be net zero carbon by 2050 or sooner.
Also looking to Increase the proportion of investment into non-oil and gas businesses over time.
Somebody has to supply the cable protection for all the new wind farms their surly going to be invested in.
Who they gonna call, altogether now. “Tekmar”
Join the dots.
SSE Renewables is building more offshore wind energy than any other company in the world right now. It is currently constructing the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the North Sea, a joint venture with Equinor and Eni, as well as Scotland’s largest offshore wind farm, the 1.1GW Seagreen Offshore Wind Farm in the Firth of Forth, which is a joint venture with TotalEnergies. It also has the largest offshore wind development pipeline across the UK and Ireland at around 7GW, of which around 1.5GW is already in construction and nearly 800MW is fully consented.
SSE Renewables owns nearly 2GW of operational onshore wind capacity with a development pipeline of over 1GW under development. Its 1,459MW hydro portfolio includes 300MW of pumped storage and 750MW of flexible hydro. Its operational offshore wind portfolio consists of 487MW across two offshore joint venture sites, Beatrice and Greater Gabbard, both of which it operates on behalf of its asset partners
Porter, I agree this is a bid situation now and if it is the real deal, let's see the share hit 20p today for me to be convinced that this is not just a false run up. The buying certainly looks strong and if it gets to 20-25p, it could be game on.
DYOR
The energy industry as a whole is suffering a massive skills shortage. Plenty of energy contracts around but not enough skilled staff to fulfil them. Wouldn’t surprise me if BP or Shell would pay a premium for the infrastructure.
And how do you think BP will want to be paid back?(Shares in company)or just an IOU?
Pumpky
Today 08:52
Posts: 12,006
Price: 15.25
They have given exclusivity to chosen company to invest/inject capital at these levels.
Please let it be BP
Biker
Yawn
Porter'Read the Nov RNS Carefully
Mick, you’ve clearly done no research. The company is in a bid situation for merger or takeover. There is no benefit to share dilution at this moment. I work in the industry and know that contract value will far exceed the MCAP. Not all clients want their contract sums plastered all over the media as are often worried about the perception amongst staff. You seem like the last person to be giving financial advice based on your lack of success in shares you claim to be invested in.
They have given exclusivity to chosen company to invest/inject capital at these levels