RE: Big buy order being worked?10 Dec 2020 07:37
Acknowlegment to Luzley for this observation The perception that TP group has now fundamentally streamlined its operations is now obvious. Institutions (and to a lesser extent PI's) are only just waking up to the fact that the heavy engineering arm (just divested) was responsible at the Interims for only £6m t/o but £2.8m associated losses. The CEO should be praised for his swift action in realising that this division, which looked such a healthy area for growth pre-oil and Gas slump, had little chance of mirroring the rapid growth in other group divisions. Hence it was divested and that anchor has now gone, freeing the group to swing rapidly into solid profit. The penny is finally starting to drop that ALL divisions are now moving swiftly in their respective fields and the result is a comprehensive and cohesive group offering to a broad range of customers. The identification of the three distinct yet interactive divisions at the Interims clearly shows the purpose of good management. Happy to increase my already solid position here in a debt-free progressive company with both vision and cash in the bank. No sleepless nights with this little under-the-radar gem.