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Lots of new jobs
https://www.totaljobs.com/jobs/tpximpact/in-london?radius=10&searchOrigin=Resultlist_top-search
There are two news sibn contacts worth 77 millions over two years so bank Covenant Waiver will happy to support TPX in next news. That point on finance secure for sure.
In next trade update around June we will see share will drive up more as it get all thinks sorted out very well in this Q1 hopefully we will hear something very exciting soon.
With these contract wins I'm thinking in much more positive terms about TPX as a "going concern" again and the potential for growth. These very large contracts propel TPX into the next league and indicate the possibilty of a larger average contract size going forwards. The growth trajectory has potentially been transformed, from the 10-15% per year historically to much more, perhaps 20-25% per year. There is a real possibiltiy of TPX reaching 200m in revenues in more like three years. The profitability question remains, but I can't see why TPX shouldn't manage itself back to the 12%+ EBITDA margin range, where it has always been in the past and still much lower than industry standard. TPX should be making at least £24m in EBTIDA when it reaches £200m. Placing that one a paulty 10x EBITDA multiple puts a forward looking value of around £240m on the business. We're at £43m today. If a credible roadmap back to profitabiltiy can be delivered, this stock is going back towards 200p.
I follow the EPS upgrades in a table on page 51 of Investors chronical. TPX has been in the upgrade table for the last few weeks, this would be before todays announcement: EPS NTM 2.3p (increased from 1.7p). However 3 months prior it was 7.6p. I think the new contracts may increase EPS above 8p. Look forward to a broker note.
On that topic, there is a note (from today) for paid subscribers over at research tree. I am not signed up. But you can go and look at the old progressive equity research note from 2021, which gives typical EPS of 8p for 2022 and 2023, at that time it was on a PER of 23x and a share price of £2.50. I know a lot has changed since then, but gives a flavour of what this company could be worth. I think this should continue rerating and could well bag again from here. IMO.
TPX has a March year end, so its only 1 month in. With these 2 transformational deals the likely Eps for March 24 is around 4p with 2025 eps of 8p putting the shares on a p/e of 5.8. An extremely cheap share which should at least increase 100% over the next few months following the next Company update expected to be in the next 1-2 weeks
Yup They have contracts totalling in excess of £110M and only 4 months in to the year
I’ve sold for now after buying in earlier I the month at 33p. Great trade even if news did come out the blue! GLA still in.
Q1 only they got over 30 millions new contract and today total 77 millions so why do peoples think about it's future. This year is transformation so forget everything in the past. Bank will let them do as it clear sign on recover then grow biger . More to come as just start Q2 then there will more win .
The debt is more like £19m with no penalties for covenant breach and HSBC are supportive; meanwhile the CFO has been buying and the company's revenue line has been rocketing. The covenant breach is unlikely to trigger a capital raise, unless profitability can't be returned to normal levels. In all likelihood the company has at least 6-12 months to normalise profitability. Anyway, cash generation at 3% EBITDA margin is more than enough to service the debt. So what is a minimum level of profitability for this company? 10% EBTIDA margin. 10% EBITDA margin on £100m revenues is £10m. The market cap is £44m. Therein lies the opportunity for all those new to this company.
Didn't realise they had debt to sort out
bones28 Apr '23 - 12:55 - 195 of 199
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Small matter of £30M of debt on the balance sheet with which they recently breached banking covenants. Those are temporarily waived but the banks have still to agree with the company how that will be fixed. I don’t rule out an equity raise to help reduce the debt ratios here.
I can smell some tr1’s And director buys
looking good.....VRCI worth buying too....see you after lunch
very nice morning .....nearly 1.5 million traded ....expect we shall have some waves up and down but expect we shall motor and rally later this afternoon with press coverage and US opening .....heres looking forward to us getting close to £1 later in the afternoon ....Huge Huge contract wins...see a lot of people jumping in here once they have heard about the contracts
Bjorn Conway, Chief Executive Officer of TPXimpact Holdings PLC, commented:
"Our projects with the DfE and HMLR underscore the strength of our offering across digital transformation services, which will prove essential in driving the automation of critical government systems and services. Winning these contracts following a competitive tender process highlights the quality of our offering and consolidates our position as a leading provider of digital transformation services to the public sector.
With the Group optimised for efficiency under one brand, these contracts also represent the scale and value of the projects TPXimpact can deliver. As an agile organisation with end-to-end digital transformation capabilities, we continue to target larger and longer-term contracts across both the public and private sectors. We are excited to embark on these partnerships and look forward to the opportunities they unlock for further growth and innovation."
Never know Lombard might buy back now
Getting pressing coverage in US now....
https://www.marketwatch.com/story/tpximpact-shares-rise-after-winning-two-major-uk-government-contracts-f7f48d32
crossed £1 million...buying pressure is very strong...up 60 percent now.....should be taking out 55p very soon
And turn the CAPS off!
Give it a rest please Ria.
GREAT RISE IN THE 1ST HOUR.......EXPECT 100 PERCENT PLUS BY CLOSE
expect a massive bounce and rerate at least to £1.25 minimum......the press coverage is going to huge....game changing RNS today
Over 3 and 4 years respectively,.so actually 9m and 12m a year, of which in a services business say 50% gross profit margin, so 4.5 and 6m, so 10.5m a year gross, minus costs etc so maybe left with 25%, so 5.25m a year, aint gonna get a an Ebitda greater than 6-8 so £30-40m mcap based on those contracts. By my calc overvalued at 50p plus based on those contracts alone.
leaderboard now...50p taken out....hold on to your hats