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I'm expecting a staircase now as investors do the research and come to the same conclusion. Lots of possible gap jumps too; interim CEO appt, sale of maritime, increased traction of all constituent businesses as lockdown ends. The departure of PC was the fresh air TP needed and getting rid of his half million pa salary will feed profits nicely. The last year had the £5m write-down of heavy engineering and multiple earn-outs which have now ended. We are in clear-account territory for the first time in 8 years. Looking good ahead.
Just a matter of time.......TP is under the radar at current level but this info will be picked up by a pundit/analyst/tipsheet purely on the upside/downside bias. The upside looks very favourable on a number of counts; the downside minimal from here.
Just as I envisaged, the company just added £500k to it's annual profits! Bye bye CEO.
As for Maritime - AGM confirmed serious preferred bidder active and it was they who sought TPG not vice-versa. Profit at Maritime in 2019 was £5m (No figs at companies house yet for 2020). But assuming these long term solid contracts are pretty even over their timespan then let's pencil in same again. So £5m profit in maritime, default-free payers in contracts so minimum p/e of 6. Probably nearer 10 for quality of contracts and security involved. That's minimum £30m for maritime against a current whole company MCap of £27m. There has to be a very fair chance of upside from here.
Yep. Maritime accounts are freely available online to Dec 2019 and TP is still keeping up its tech innovations as just released
https://www.tpgroupglobal.com/news-events-and-insights/press-releases/using-ai-to-help-personnel-advance-safely-and-quickly
I do tend to agree with you on that. To be quite honest it would be more sensible for the 'preferred bidder' to buy the whole group at this £28m MCap as it is presumably big and diverse enough to realise the asset total in the company. I think a minimum £50-60m takeout price would probably persuade the major shareholders (40%+) to concede but could produce fireworks.....who knows? Just think a takeover is much more likely at present.
£28m MCap with a £70m forward order book and govt/blue-chip non-default clients has got to be worth a calculated risk imo. Pain or gain I can handle as it's accepted risk money.....Just like Synairgen at 10p ......
Fair enough, if that's the case I can hack it. I just think that M&G, Canaccord and Close Bros with 18, 12 and 10% respectively and 40% collectively will call the tune at the AGM. They all took up shares at 6.5p in the 2017/18 fundraise In addition to their already substantial holdings at a higher level. Cartmel will be well aware of their opinions and their ability to act in concert. Possibly a pre-emptive RNS tomorrow???? It will be an interesting 48 hrs either way.
Bought a few at 3.58. Basically punt money as I'd set myself a buy price and it just breached it. Happy to sit and see. Can't see it going t.u. at the present time but a half decent maritime sale could turn a profit. Grand National time??? At least the result should be evident soon.
Big winner a lockdown ends. I seem to be the only one watching and commenting on Vianet despite its outstanding prospects as lockdown eases and ends. As a collector and manager of data it MUST be an essential tool for pub and leisure businesses to readjust and thrive in the new landscape. As all the growth tech stocks testify.....data is king [after cash!]
Ridiculously overlooked imo as pubs and leisure
have reopened and restricted lockdown end in sight. The positive acceleration here has gone unnoticed as I continue to highlight. Do the research, look at the stats and potential. Vianet has good market share with data management being THE key to survival and prosperity for Vianet adopters. Bright outlook. Do the research and make your move ahead of the herd.
I am stunned that this share has been left behind when other leisure related businesses are moving forward. It managed lockdown enviably and now has the real tools to help really grow business in the pub and leisure sector. Totally overlooked given the huge traction that Vianet already be seeing with the Euros and pub openings accelerating. Super little gem imo.
Lol! Just shows we can't all get it right all the time! Well wrong footed there but my concerns remain hence the switch to Vnet. I'm fairly certain it will prove a decent move over 3 months but I'd have been better waiting 48hrs.....hey ho.
The fact that directors have exclusively bought shares every year since 2014 speaks volumes. Having skin in the game and a knowledge that the business will evolve exponentially once it hits a transition point is key. Vianet is gathering data that is invaluable to bar owners and managers to maximise returns.
The fact that there have been no director sales since 2014 speaks volumes, all transactions have been buys. Skin in the game is the biggest growth incentive and data accumulation and use is at the forefront of modern tech stocks. The easing and ending of lockdown should see a big upswing in this data driven stock imo as it is focussed on customer footfall.
Now, more than ever, bars and nightclubs are going to need to look at trends, footfall and logistics......Vianet gives them the tools to succeed in the face of reduced competition. This company has all the credentials of a superb growth stock. The time is right, the product is right, the opportunity beckons. Do the research and make the decision. Tech + data + time = growth.