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Hi OT
There are no answers to my questions- it's all unknown.
As for creating hydrogen- anyone with access to water and power can do it. it's not Alchemy. So there is absolutely no barrier to entry
https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-plans-uks-largest-hydrogen-project.html
Hi fatoomch the answers to your questions is all available apart from "how much profit per TPG unit "
I wont bother posting all the links as it is not worth the effort for the amount of people that have any interest in reading them lol
Also worth bearing in mind TPG have the knowledge of how to turn saltwater into Hydrogen . SSE and others are looking at offshore floating windfarms that produce hydrogen on site and pipe it ashore that will require the technology TPG have gained via Maritime division worth a google !
best of luck with your investments OT
Show me the money.
Niche market in the UK. Alstom ahead in Europe.
How much profit per TPG unit? How many units? When?
Yesterday the Gov published the uk hydrogen strategy found this on another thread posted by Stokey who also posts on here
https://www.bbc.co.uk/news/science-environment-58238367
All the finer details are not out yet but good to see pictures of Hydroflex in the article also noted it states "The Hydroflex made a 25-mile round-trip in Warwickshire, reaching speeds of up to 50 mph"
Hydroflex2 of which TPG are supplying the integrated hydrogen fuel system and is expected to be capable of 100mph and a range of up to 600 miles
Look on linkedin at the background of the new CEO. Worked for a fencing company. A box making company. Digitisation of document company. A sail making company. Hardly inspiring. Look back further - raised funds for companies about to go under.
TPG has no product that they make that people want to buy - other than atmosphere control (Marine). They are minnows in many markets with no view of profit
Their key earner now is consultancy - providing consultants to help other companies succeed. Aka a recruitment agency.
Charge a consultant out at £700 per day, pay the consultant £500 per day. They can "sell" that as an order book of £175k (over 50 weeks) - but TPG cut is only £25k (minus expenses).
TPG aren't an ITM or AFC - there is no multi bagging technology. North* has competitors.
I'm really struggling to see where the shareholder value creation is going to come from - something that was finally paid lipservice to, almost by way of apology, in 2020 results.
£12m in debt - plus costs to get rid of PC and wasted costs on the Marine sale (btw - I think TPG put Marine up for sale, then pulled it when they didn't get what they wanted)
Been here 20 years - still waiting to see something that looks like turning a regular decent profit.
SAG have lowballed - can see that increasing - I'll be voting with SAG
I'll be supporting the new CEO, he's barely got his feet under the desk, needs time to prove himself. The rest of the board need to up their game considerably as they have no excuses.SG's eye's bigger than their belly/wallet. A 10% holding does not gift you a place on the board let alone two!I'll be voting against SG in EGM
Sell and invest for the long term at the same time. That's impossible I'm afraid, being polar opposites. As I have come across you before on other boards then it's only fair I highlight to the rest on here that you are just another pump and dump artist or a de-ramper depending on if you have taken out a short bet or want a lower price entry (my guess is the latter). It's generally not hard to tell what you are hoping for, true to form you have zero insight.
And these events should be seen by the BOD as a wake up call. They need to remember who owns the company and that their main focus must be delivering value for the shareholder. At least SAG appreciates this, even if their offer is undervalued and insulting.
I wonder whether the Science Group's move might cause some one else to put in a firm offer in. They now know that the Board would want more than around 5p a share.
short term: i think after this news the share price will fall :(
long term(years): this can reach a 15-20p :)
invest for long term!!!
No wonder SAG didn't disclose the offer, quite frankly it's insulting. Well another vote, fingers crossed our II's will see that offer as derogatory and vote accordingly.
I can't see why anyone would vote in favour of SAG's nominees, I've been invested in shares were appointees have been forced through by "shareholders" and trust me when I say it's never for the benefit of the collective. It's usually a large II or PI trying to extract their own value. Expect AGM after AGM if successful and first thing they will do is request an unnecessary full audit of the business which will cost us a few million £, which is a distraction and one where funds are better placed elsewhere.
Yes, my estimate of the real value of the company is in the 9p area - and I suspect that SAG's estimate won't be far off that. They'll keep building their stake, though, and my fear is that the ii's will take the quick buck and leave us all shafted.
Fantastic response from TPG killing off any speculation to being bought out on the cheap.
I am a LTH too and feel that the earlier CEO significantly degraded the company potential.
I am keen to give the new CEO a chance to improve on the company prospects.
Like Stokey - I would be voting AGAINST the resolution to change directors.
Hope other PIs would do the same.
The underlying value of this company - in good management hands - is huge.
Please send the company an email to register your support too. I would be doing so from their Contact us page:
https://www.tpgroupglobal.com/contact-us
Today's RNS is the most enthusiastic RNS I've ever seen from TPG! But can they apply that level of enthusiasm to turning around this business which was a downhole compressor for oil producers, a heat exchange partner to spiro, no a marine specialist for naval forces, a gas specialist, no a hydrogen train expert, no a space tech play, a military consultancy.......
I've remained invested here for over 10 years but it's been an awful ride of numerous false dawns and poor comms from management. The recent results being a prime example. Did anyone expect such a poor result?
Maybe the new CEO can do better and will do better. But I remain to be convinced.
The idea of takeover could work well too. But at 5.8p a share they can b****r off.
I have read the statement and note that the indicative offer was for 5.8p which it viewed as an undervalue. I would not accept such an offer as it would mean taking a greater loss than I would be comfortable.
I note what was said about the plan going forward and it is one I can support as it is not as much of a scattergun approach as the previous CEO's plan was. On that basis when the EGM is called I will be voting against the resolutions.
Yes SAG are bottom fishers and i'm afraid TPG fits the bill quite nicely (previous to fresh management). They bought out Frontier Smart a few years back for a pittance and of course now, it's fast becoming the jewel in their crown. They wouldn't be interested here if they couldn't sense an opportunity, so lets hope TPG management can get a grip and start a turn around here asap.
Dinoken the trading update did suggest a draw down of the debt facility however also highlighted cash available. If the situation was that dire then the board would have listened to the offer and the new CEO wouldn't have made the significant purchase that he did. You can speculate by all means but we will all know the financial state of play come September.
"SAG either put up or shut up" ? Or if TPG not a going concern, then wait for next cash call or administrators ...
Notice how the exact offer is not disclosed, as too right the board refused to engage as if it wasn't a derogatory offer they would disclose it. Like I have said and has finally been alluded to in the RNS most of the II's and PI's here have been invested for some time here. I hope the BOD file the request for an AGM straight in the bin, if there is a vote I'm definitely not voting for Martyn Ratcliffe to join the board. If you make a bid for something and don't get a response then your bid isn't good enough. SAG have really not painted themselves in a good light here, obviously our BOD have not performed over the last 4 years anyone with eyes can see that, if PC was still CEO here they would have a stronger case but I'm happy to see what our new CEO can do, cut costs is a must this is added pressure to sort TPG out.
SAG either put up or shut up.
Can't wait to hear people's thoughts on this one. Mainly because I don't know what to make of it.
Interesting statement it looks like Science Group does not have the funds to make an offer above what it has already offered. I wonder if we might see an offer backed by a concert party.
Saggy paid a full 25% premium to market price to get their 10%. Find it hard to imagine them paying a further large premium to secure control of company that may not be a going concern. Believe Cenkos thought break up value was 5.9, but even that looks optimistic IMO.
on his dreams :)
Hi Fourprinces
Would you mind fleshing out your previous post, detail is a bit thin on the ground.
Cheers R