Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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If i am not mistaken SAG has a month to make a bid, if no bid made they cannot make another one for 6 months. So clearly they want to position themselves as best as possible before making one.
It's got to be 6.5p or they will pee off Ruffer
If there is a revised bid this might trigger a counter bid. In the event that there is a foreign element in the ownership of any bidder this might trigger a referral under the National Security and Investment Act 2021. If a bid was too come in at 6.5p I will hold in case a higher bid comes out. I might be persuaded by a cash and shares offer.
They just did Rns Confirming.
Will be interesting to see the bid price on Monday morning. If it is SAG buying, as expected - then they will be the single biggest shareholder and, will have to offer 6.5p or more.
GLA
sag nearly doubled %
Ruffer LLP is out, bid likely to come in at 6.5p
Is there another cat amongst the pigeons or is the cat getting fatter . Will find out monday maybe
maybe official revised bid is coming on Monday...
not sure what it is but we have some buying and the bid up to 5.8p
Not 100% sure but , anyone with a sizable interest in TPG has to declare it during a takeover period, something to do with voting reasons, I assume .
GarryParry ref 08.21 post this is not my area of expertise so I willing to be corrected but my reading is that it just records that Science Group has increased its holding during the offer period within which it has to make an offer.
If you own 30% plus if shares you have to make an official offer otherwise no.
Hi,
For the last few days, we have had RNS regarding forms which usually mean buying/disposing of shares over a certain threashold but I struggle to understand them. Is it just paper filling experience after Science Groups 10% purchases or is in new information?
I don't understand the form's meaning within the takeover code etc.
Can someone please explain in plain English, since it involves SAG?
Thanks
Perhaps not a majority shareholder but an influencing holder.
Did their note suggest they were requesting shareholder meeting to vote down TP's directors?
Vinc, if they engaged strategically, they should be able to explain why they are worth way more than 5.8p that SAG offered. By engaging they should try and see what synergies could a possible take over bring for them from the other side. There is nothing wrong by being taken over. Both sides of shareholders could benefit.
However they completely refused any discussion, as it sounds. SAG is just slowly buying cheap shares. They may become a a majority holder over time by accumulating shares sub 5.8p (the share prices is clearly not moving much at the moment) and will start influencing business, which TP's management may not enjoy and the whole thing could have a negative impact on the business.
TPG have been sowing seeds for the last few years and in the perfect future markets .Paying in cash was in hindsight a bad move (covid) however the companies they have aquired are in the perfect situation for high growth and quickly. The cost cutting has aleady been shown via combined office for the whole Group
Science group bid is a distraction and the offer is way off the mark
( I know Science has not got all the cash to buy them, however TP needs to engage in constructive discussion with them or they will loose out overall)
Having read the TPG latest response to SAG’s approach, can you elaborate on why TPG will loose [sic] out?
Science keeps slowly buying cheap TP's shares. Sign that they are interested. If they keep doing this, they will slowly own more and more, and all these purchases at the moment are around 5/5.1p. Less than 5.8 offered to TP. 10% was bought at 5p. In theory they can buy another 10% at 6.6p and still average 20% stake at 5.8p. ( I know Science has not got all the cash to buy them, however TP needs to engage in constructive discussion with them or they will loose out overall)
We are bringing together our TP Consulting and Osprey teams in a single office on the Bristol and Bath Science Park.
The new facility is a hub for our growing consultancy businesses to combine their services to benefit our customers across the Defence, Aviation and Space domains.
tpgroup is located within the £2.4m Innovation Hub - a brand new development within the South Gloucestershire area for businesses in the fields of science, technology, research and development.
https://www.linkedin.com/feed/update/activity:6833366529325846528
Thanks fatoomch it is interesting this is also worth reading
“ Blue hydrogen involves splitting gas into hydrogen and carbon dioxide and then capturing and storing the CO2 to ensure it doesn’t heat the planet. But this process involves the incidental release of methane, a potent greenhouse gas, and uses a huge amount of energy to separate and then store the carbon dioxide, some of which escapes anyway.
This means that the production of this hydrogen actually creates 20% more greenhouse gases than coal, commonly regarded the most polluting fossil fuel, when being burned for heat, and 60% more than burning diesel, according to the new paper”
https://onlinelibrary.wiley.com/doi/full/10.1002/ese3.956
Whilst green hydrogen uses more energy it is clean the idea now seems to be to build more wind farms to produce the 30% extra required along with using the excess energy provided during the night and summer etc to make and store hydrogen.
Really interesting topic obviously the major oil companies want to use gas and it does look like Boris is backing them.
The effeciency of a coal power station is similarly poor. By law of thermodynamics of the heat cycle involved , 66% of the heat (energy) goes up the chimney. So it's not necessrily a show stopper in the production of green hydrogen especially when the energy consumed (and wasted) is zero carbon to start with.
Thanks OT - every day's a school day.
FT article below interesting
https://www.ft.com/content/7eac54ee-f1d1-4ebc-9573-b52f87d00240
"...
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https://www.ft.com/content/7eac54ee-f1d1-4ebc-9573-b52f87d00240
producing green hydrogen via electrolysis is an extremely inefficient way of using renewable electricity. There is an immediate energy loss, to break the chemical bond between oxygen and hydrogen, of 30 per cent and there are further inefficiencies depending on how it is then deployed.
“For most of the suggested uses of the green electricity-based hydrogen [at least] around half of the energy in the green electricity is lost,” says Jorgen Henningsen, senior adviser at the European Policy Centre, a think-tank. “Green electricity is a commodity [that will be] in short supply within Europe for many years to come?.?.?.?it doesn’t make sense from a climate policy point of view to waste half, or more, of the green electricity for producing hydrogen.”
fatmoomch
The link is for blue hydrogen !! that really is not an option unless carbon capture works ! And it currently does not
Have a read of this
https://www.chemistryworld.com/news/seawater-splitting-system-could-scale-up-renewable-hydrogen-production/4013332.article
TPG have been doing that in submarines for years green hydrogen from wind farms is the way it has to go