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dactions
There was a mention in the 2018 results. Under the heading "Programme Pursuits". Prior heading was "current programmes".
Current programmes - great - work secured. Programme pursuits - just that, something being pursued.
No mention since. So no, in my opinion, TPG were unsuccessful in their Pursuit of the SEA1000 programme.
Happy to be corrected if someone can post some cold hard facts- which I suspect will not happen.
They could well do but perhaps might lose a bit from the french deal not happening now. Still think maritime will be sold long before we get to this stage though
Am I asking a daft question or could TPG do well out of the joint partnership with US and UK for the massive order to supply submarines to Australia ?
Morbox, thanks! For the record, I also voted against - I believe that there is a lot more mileage in TPG and I want to be able to retain a direct share in that!
Sorry Lutra, didn’t see your this morning message as I didn’t refresh from last night!
Hi Lutra, yes very simple, on your main portfolio list you will see against TPG a new icon under actions, (colour black). Click on that and you will see the voting options. You can change your mind up to the deadline by clicking again. Hope that helps.
Stokey, thanks, now voted! There had been nothing showing under Corporate Actions for TPG when I had checked my SIPP on Friday, but it is now gone live, so all good.
Lutra ref 07.59 post Send a secure message through the website using the corporate actions option.
Morbox, Can you advise how we actually do that on HL?
I’ve only been a shareholder for 3 long years, but have vote against all resolutions (on HL) just to give the new CEO a chance. Personally, I don’t see it making any difference, PI’s never seem to have an impact.
Quite right. I've let my broker know and the forms will be returned.
CanonGuy, Proxy Papers. They are no use to you but if you read the second Para on the front page you will see you should pass them on!
I've just received my proxy papers from TPG. No use now as I sold my significant holding over a week ago which, if I still had them, I would have voted in favour of the board changes anyway.
I'd held TPG for many years, originally buying in at 10.7p. Fortunately, I'd topped up at 2.5p so my average was similar to my selling price. This was my darling investment that I was going to retire on. Instead, it's been a litany of excuses after excuses culminating in a pathetic attempt (IMO), to sway investors to continue believing in them. The proxy form even has the resolutions filled in in their favour already! Is that even legal I wonder?
If you're still in then I wish you all the very best and if you've sold out like me then at least we can sleep more easily. PS. I used the proceeds to buy into a Ruffer fund that has substantial investments in SAG. If only I'd bought Ruffer or SAG from the start, I'd be a retired millionaire by now!
I learnt more from the 1 hour presentation than from 8 years as a shareholder. Lindsay certainly talks a good fight but he backs it up with open and honest info. He held the 1st Management conference so that management actually met other managers and could share ideas, learn from each other and feel part of a group. Standard for many companies. Take an interest in your employees and invite them to have a meaningful input is the best way to engage the workforce and to show you value them.
Very reassured and I'm voting for TPG.
It just shows how lackadaisical the previous CEO was. Carmel was. rn impute is th r. people actually met noto m
stokey very valid point re: 500k package. Clearly it was not linked to performance or creation of shareholder value, and worked out really well for the CEO. I have not even logged on to the presentation. They often do not address any questions from retail investors. They are prepared well in advanced and the questions which are set up.
A positive show from Lindsey - seemed pretty damning of how TPG has operated in the past
Lack of synergies/duplication of effort. Now setting KPIs for staff. All of that should have been par for the course for any business.
Consulting is cash generative and predictable. Marine is not predictable. Difficult to manage a both. Easier to run a single mission business (Lyndey's words).
Using a football analogy, despite having spent cash, TPG has suffered successive relegations due to poor management. A new manager is on board - with some bog standard management 101 techniques that no team should be operating without. It's a long climb back up.....
Just listened to the investor presentation and I was not impressed. The failure to address my question about the increase in Net Debt left me wondering are they trying to hide something. I note that the £500K exit package for the CEO was a contractual requirement. I wonder who put that in.