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Are we going to receive RNA on Monday or next week regarding Bank Covenant?
Well we have this week, and next week before the debt covenant was due to be tested. Judging that there is no buying here, I am not getting my hopes up. I think long term this will do well, but the resolution to the debt issue might not be as plain sailing as most have posted. They cant be taking this down to the wire, i.e. they must already know how it plays out.
I must need glasses as cannot see what you are referring to
https://bidstats.uk/
More big wins appeared last week
That's nothing. £2Billion in October last year according to bidstats
So only from January unti now they have rewards total 35 millions as just have new 9 million. That is greate for this Q1 . This share is moving to recover mode as valuable trap in this will be rewards end if this year . There is low risk high reward as it seem cant be lower.
Over month many shares sold but price not down lower but only little buy it up . 6 months from now share will be different price.
Just had a look on Bidstats and a new Tender Award is showing for them
Interesting reading the recent FY report from Octopus VCT trust regarding TPX. I think they sold a few, though the report sounds fairly positive. Although to say the business is well funded is perhaps to mis-represent the situation, given the issue with the bank covenant. The VCT fund lost 27% exactly the same as the over all AIM market, although is still paying dividend taking the FY yield to about 5%. (https://www.lse.co.uk/SharePrice.asp?shareprice=OSEC&share=Octopus-Aim-2)
TPX Impact and Trackwise Designs were two very disappointing performers in the year. TPX Impact had been growing strongly as a result of demand from various government departments for its digital transformation expertise and the efficiencies to be gained from it. However, it was caught by a shortage of skilled technical labour which delayed contract delivery and eroded margins as it had to fill the gap with outside contractors. A new chief executive is now in charge and some of the labour pressures have eased, giving us confidence that the business can recover. Demand from customers remains good and the business is well funded.
On from last month TPX win 25,000+96,000+288,000
+400,000+8,000,000+397,000
+7,900,000+100,000 =17206000
Plus over 9 million win over January so this Q1 2023 they win over £ 26 millions pounds.
You can find all info in this website
https://bidstats.uk
The recent spike was due to the EBT purchasing 43000 shares at 28p.
https://www.lse.co.uk/rns/TPX/transfer-of-shares-from-ebt-total-voting-rights-u2f4aqq4ra1724b.html
I expect they are independent from TPX and buy on set dates etc, I dont read anything in to the purchase.
I am positioned for a recovery here, however it needs to happen. I am not taken it as a given that the bank will just offer a waiver. There might be some capital needed here, but even so I dont think it will be possible to buy in the market at 28p or less for very long.
How is this trade working out for you Maqsood. Have you folded your hand yet. Didn't quite work out how you were posting back in January did it.
we are expecting end of this month to have some news about bank debt solution , at least we will have first Q1 huge contacts win so thing will improve over time.
Added a few more on this pull back. Market wanted it higher this week and now a few traders departing with market sentiment has given the opportunity to buy close to the recent lows.
apologies. Sell not sale
27p is sale now as I did dummy sale and they offered me 27.05
Quite amazing that it's now available for 27p. Yes we have a little doubt due to the Banking Covenants but as we have said why did the CFO put his hand in his pocket and buy a chunk of stock. He is the man with his finger on the pulse and That must show a sign of confidence.
On top of this TPX is dealing in some large Government contracts and they are still being awarded. The message here must be that it is a hiccup and nothing less.
The first of the week bought more than sold. It is sign of confidence start build up for next update about bank debt. It is over two week many sold but share not down as seem that bottom price now. Only up it seem .
Thanks. That is helpful
OP published the link to that information start of this thread subush. Click the link and pop TPXimpact into the search box
Looks like it is breaking out. Wondering the bank managers aunts best friend is buying some TPX stock?
No size available online with my Broker and those which are available are at full offer price
as soon as they sort out the covenants. I'll say again why would the CFO buy a chunk of stock if he was not confident and he is the main man.
I've been following their hiring very closely - there is no holding back on new staff right now. Management own more than 30% of this company so they know that their future is assured - they wouldn't be hiring like this otherwise.
Where is that information please? 9 million for January but I haven’t seen extra 25 million for February.
£2 billion in October last year. Even if margin is 1% on those the profit is higher than the market cap lol
£34 million in contracts just in Jan and Feb. Could be a stellar year