Member Info for Adastra

Agree Truro Trader. The company should have no Corporation Tax liability for the next few years due to the accumulated tax losses incurred during its hefty R&D period (now significantly reduced). This leads the way to sustainable profits (and dividends?) commencing this year. Take out the exceptional bone-offs, which are realistically accounted for, and TP is most definitely running a company making profits in all areas. The company has a very positive attitude to business, employees and shareholders and I expect the next 12 months to be one of over-delivery and pleasant surprises as projections and earnings are upgraded.

It's the fact that TP has embedded mission-critical capabilities and is extending it's reach in high value areas that paves the way ahead. Protected from defence cuts in its must-have submarine expertise it's no surprise that this field is growing in an unstable world. The future look so dry bright indeed. I only hope that TP remains independent long enough to glean the rewards as it looks a very very tasty morsel for a tier 1 player at present. We need the MCap to rise to protect its independence!

Transformation in process. First class order book going into 2018, �24m cash and an understatement of prospects. Great position for lots of positive surprises and over delivery. I really like prudent management stance on due diligence with acquisitions. Specifically targeting undervalued high-flyers and dismissing any 'recovery cases' - spot on!

TP Group sits nicely in my p/f and I feel the price could go an awful lot higher from here

Finals next week....looking good given the t/u - pots of cash; thriving business and a juicy acquisition or two in prospect.....read for take-off?

Looks like they're working flat out on Z21.......bring it on.

As stated in the document at the time, The Directors believe that the Fundraising will increase the Company's negotiating position with the owners of target businesses and reduce execution risk. The fact that it has taken a long time indicates management strength in the face of investor impatience. I have been in constant touch with management and it is repeatedly evidence that due diligence is the over-riding factor combined with prudence in getting value-for-money. TPG holds all the bargaining chips with a �20m warchest. If it gets the acquisition strategy right all shareholders will reap the rewards. Strategy and prices paid to date have been spot-on and very keen like Polaris. TP is extremely active on the mission-critical services side as indicated by this morning's contract so I expect the story to unfold as the finals are announced next Tuesday. Super timing if they can sign a nice acquisition on the same RNS.

Cash of �25m plus contracts plus outlook - looks cheap on fundamental prospects given its niche ops.

Growing well and set to grow stronger. Super little SIPP and ISA share for 2018!

Looks a super little share to stick in the new tax year choices or SIPP or ISA. The spread is bizarre given the prospects. I've seen this before with good results pending and proximity to tax year end. The spread will 'amazingly' shrink quickly and the red negative will revert to blue tomoro followed by a sustained slightly higher level. I expect, like you, a nice run into the finals and beyond. One to tuck away for good finals, decent acquisitions and the prospect of future divis.

Amazing that the 3-year Government contract for Information Assurance went virtually un-noticed. I think an educational on CYBERSECURITY and Information Assurance would help the investors who don't understand the significance of this 'first-footing' for TPG. Great news IMO. http://www.ascentor.co.uk/2014/05/difference-cyber-security-information-assurance/

AC cut his teeth and made his money deal-making oil in the Far East. This latest move is a great done-deal on an undervalued asset he probably knows well and has leveraged. He has a lot of skin in the game like PI's so it will be a shrewd deal whatever components he uses. If he thinks Zardab is on the cusp of proving high output then he's playing this card just at the right time. The deal looks excellent but Zardab can totally transform this deal if MP can work his magic now. At the moment we are 'pending' on success with Z28 and that can change in an instant. Just hypothesising, but if I were AC I would hold final stage of workover, release this RNS and then execute the last stage as it would be 'unknown' beforehand and then available to RNS whatever the result. That way there would be no leak or prior knowledge. Result.

and the price dips! Ridiculous. Super company - doing well with great prospects in exciting areas of expertise - big blue chip and HMG clients. Good value.

TPG should be rising nicely on its atmosphere control expertise gained on submarines given current climate! With £25m plus in cash us all the IP it's looking a little cheap.

Whopping 1 million delayed buy @ 8p from 12th. That's £80k's worth of confidence in TPG. Neat.

To fill up your ISA with some of these as prospects look bright in resilient sectors.

I think we will now start to see increasing institutional interest in TPG as it has shown that it is successfully migrating it's business into becoming a specialist Tier 2 engineer. The R+D intensive days are past and cash is flowing from rock-solid [and long-term] MoD contracts and Blue-chip partnering. That gives a sound platforn for growth from re-emerging oil and gas plus virgin nuclear engineering capability at Dukinfield. The submarine atmosphere control business should continue to win new contracts overseas and expand it's offering in the UK. The IP protected Micro-generator applications should continue to grow and I would be surprised if we were not to get news of a significant contract for its use this year. The fact that TP is buying into it's software platforms is very encouraging as the last two purchases show. These should help the group broaden its offering into the defence sector and increase its aerospace offering. All in all good results for consolidation and then continuing growth as new contracts are unveiled. This must be a sweet spot for investment in an uncertain world where spending on defence capabilities secure increasing income streams.

"2016 was a year of significant progress for the Group. We posted our first profitable year at the adjusted EBITDA level and generated a significantly strengthened cash position. I am very excited about our prospects." And - we look forward to the future with MUCH confidence. These two comments certainly indicate that TP Group is now in a sweet spot and accelerating. Strong hold for me.

I'm off base at the moment but this news cements all that I've said on this board. Finals tomorrow should make great reading.

My my - someone's got out of bed the wrong side. I'm quite honestly not prepared to scroll back through my 2500+ posts to prove you incorrect, just to assure you that you are. GoTrader and I actually met for the first time at the last Porta AGM as it was the first one he had attended. We had both posted on Porta but shared both similar and different views on various aspects of the evolution of the company. I was more conversant with the legacy from DW whilst GT is very much into shareholder composition and associated news. We didn't both start posting at anywhere near the same time as I preceded GT by several years. I do accept that there were many posters, including GT and myself who were mystified by the volumes of shares being traded with no notification of change in holdings. That was rectified soon afterwards as the obligations fell on [from memory] Blackrock who had no obligation to notify till a certain level was passed in their FUM. Your assertion that there is 'something not right about either of them' makes me smile as a] it's rubbish and totally unfounded and b] smacks of e-bah-gum which is reminiscent of my Yorkshire roots. I have to ask, if you are 'well under water' with your investment, did you attend any AGM and voice your opinion - I did last year and singularly asked 12 questions which were all answered. I also requested a look around Porta in advance and was shown round by now CEO, Steffan Williams. He ran through a typical client engagement programme which I found very impressive. IMO he is a very strong CEO and I like his new integrated approach to the business. I'm not the only one judging by the stream of excellent hires joining him, none of whom required expensive head-hunting fees! The only thing holding Porta back is the 12% loan interest - clear that and I'm back on board like a whippet. Yes, I too lost money on Porta, but unlike so many bitter investors who return to release their bile back on the company, mine is one of reflection. This is a good company with a darned good CEO [check his history and profile and the fact he took a substantial salary drop to get on board here]. Knock Bob for not letting go the noose but don't knock the more-than-competent management team and staff here.