Tekmar Group P. Share Price (TGP)

Gone in and bought Tekmar Group TGP. Got it for 112p Like I said yesterday the volex of the Wind Farm Subsea sector.

Tekmar Group (TGP) fundamentals

Tekmar Group plc is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services. It operates two primary divisions: the Offshore Wind Farm division, which focuses on the provision of subsea protection for power transmission cables from and between offshore wind turbines, and the Subsea division which focuses primarily on the provision of subsea protection for umbilicals and flexible pipes to the oil and gas market. Both divisions are supported by AgileTek which provides subsea analysis, simulation and engineering consultancy services.

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Missed its latest trading update but is seems bullish now compared to the one they put out in December.

Financials

Revenue in the Period is expected to be in line with expectations, showing above 40% growth on the prior financial year. This significant increase in sales has been achieved, despite the lockdown and social distancing measures associated with COVID-19 impacting the Group's activity in the heavily Q4 weighted period.

The Board is also pleased to announce that the Group ended the Period with a record year end Order Book1 of no less than £10 million, up 39% on the prior year end (FY19: £7.2m).

https://www.investegate.co.uk/tekmar-group-plc--tgp-/rns/trading-update/202005050700068861L/

Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
15 May 20 Berenberg Buy 110.00 110.00 130.00 130.00

Chart shows its on a solid support line going back to beginning of April.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^TGP&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Have a small holding in Tekmar for a couple of years now but don't get too much news on them. Apparently they have signed 4 new contracts so far this year but don't know the value of that. Anyone with strong views on the future

Tony

https://www.profitwarning.co.uk/2020/02/18/tekmar-group-share-price-plunges-on-coronavirus-fears/

https://www.energyvoice.com/oilandgas/209512/tekmar-announces-6-5million-acquisition-of-pipeshield-international/

@Tekmar (LON #TGP) HALF YEAR RESULTS

We were delighted with the success of the IPO in June 2018 and in many ways, the business has never been in a better position.

https://www.share-talk.com/tekmar-group-plc-lontgp-half-year-results/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare … via @share_talk

https://twitter.com/Share_Talk/status/1070596415145930754