Member Info for Adastra

All three of the undermentioned would benefit from economies of scale using TP tech, a huge amount of which is patented and applicable across a huge range of green enterprises. Atmosphere control, at which TP is acknowledged leader, and the applied technology has vast potential. Advances in AI and motion prediction are certainly on the money goi g forward. TP already works alongside all three at present and would be an easy-fit into any imo.

I still believe that the assets put together by PC are extremely valuable in themselves. He has gathered together and farmed the tiddlers into sizeable specimens. Now it's time for the sharks to do the same I suspect. £100m takeout would probably work for many imo.

As you point out, cash plus revenues plus order book make this a tempting target. Take out the excessive CEO salary, assimilate the lucrative assets and bring in synergies of bigger player and this £47m MCap looks bargain basement.

Methinks lots of big boy accountants looking at value extraction possibilities here in current climate and horizon planning.

Accumulators seeing value here.......Big buys will roll...

I can see this ending on a positive note today as the interims are actually read and assessed rather than a bottom line knee jerk. Current foot in the water in the USA also puts the company above the international horizon.

Agreed. The company has taken time to set out it's current stall. Consulting, Digital Solutions and Bespoke Engineering Solutions. Involved in numerous high growth 'green tech' fields and focussing on lucrative expertise in clean atmosphere and energy and AI. Huge opportunity either alone or assimilated. Significant increase in order pipeline..the big boys just have to be interested on the sidelines and this could be the time to pounce imo....accumulating and watching.

When, rather than if, the bidders show their colours, reflect on the current MCap/share price.

So many doomsayers...read the interim. If this company was launching itself today as an ipo do you honestly think that it would be valued at it's current MCap. Wakey wakey....If not by itself then this has all the bells and whistles as an easily assimilated future cash machine. By divesting engineering it has made itself a green credential pure play. And you only have to look where the big Instos are targetting future funds. Check Aviva and L&G investment strategies. Time to reflect honest value, alone or acquired.

Well into takeover territory now methinks. At what level?

Green, high growth, growing order book, no furloughed staff.....buyers dream at this level. Expect a big reversal imminent.

This is now well and truly on the market to an opportunist bid. Divested engineering with cash in bank and no furloughed employees. Deduct management salaries....bingo. Private equity or bigger players must be calculating £100m spent here would reap big rewards. All imo.

Government timing could be very astute here if this indeed marks a turning point already. Stats can support all views but this could possibly be the indicator of reversal for profound national pessimism. Add in a Brexit deal and.......
Just dreaming.....??

You can read what you like into this 'realtime' data but given the falling rates and appearance and reduction of a second wave....interesting.
https://digital.nhs.uk/dashboards/nhs-pathways

So frustrating that this is played up and down ignoring all the groundwork done recently. TP have a rock solid high barrier to entry, blue chip low margin business onto which they've added high margin value added companies. Integration has been rapidly achieved with expertise overlap now into Artificial intelligence, aerospace and space, modular hydrogen and oxygen production and storage and robotics. This company will iterate, it is due a step-change in the immediate future. Overlooked and under the radar the market makers must surely realise that this little nugget is worth them accumulating. I am expecting the 0.6p eps predicted to materialise next week and cause serious ii interest. Good value at this level for a share with huge potential across it's fields of involvement imo.

The turnaround here came with the last dip to new low. The directors topped up (again) significantly as the 3 year reorganisation and streamlining plan completed. The fact that the business continued to generate a profit during the 3 months to June was pivotal for me so I started to pick up and accumulate stock on each minor pullback. I know the pension deficit is high but the massively oversold position negates a lot of risk. All directors have been buying strongly into the company since the 3 year plan began and the elimination of the large annual capex in 17,18 and 19 should now start to reflect in the bottom line. Premium product in a competitive environment but quality will prevail as companies look at downtime cost of buying cheap/inferior product. Renold goods are used across a huge spread of industries so not a one trick pony, far from it. This has got turnaround written all over it all the way to double the current MCap (comfortably) imo.

And yes TT we are certainly due a significant rerate as the step-change here is more and more visible. Just look at the involvement of the group in cutting edge technologies.....and that's backed up by solid, long-term government and blue chip contracts with huge barriers to entry. TP is in an enviable space at present. A bigger player (or two!) must surely be eyeing up TP itself I am sure!!!

Delving deeper into last years accounts ORGANIC profit growth and revenue growth were almost 30% and 20% ahead.....that is solid. Yes TP incurred a statutory loss but that was against acquisitions. Adjustments this year should be significantly reduced allowing the bottom line to benefit directly. It would be great to see a year of clean accounts with no acquisitions but when obvious value enhancing targets appear at the right price it's wise to pick them up. This team has excellent credibility when it comes to incorporating and extracting synergies from all its purchases. Sound value will eventually become apparent to the big II's.

Whilst I agree with some of the short-term sentiment I have to point out that the 5 year graph for TPG speaks for itself. The business since 2015 has grown strongly both organically and by acquisition. An investment in TP during that journey has delivered in terms of capital growth. Dividends will come, but the track record is pretty darned good with add-ons more than compensating for any transitory dips. Excellent share with lots to come.

Should update to 16-20p with solid news, more on horizon prospects.