RE: Dinoken11 Aug 2017 13:09
Dinoken - thanks for posting.
Like others I came in to TPG when it was called Corac 4 years ago - in my case on the promise of "The secret UK stock set to profit from the shale mega-boom" Umm - well they had clever engineering with their oil-well compressors - but no mega-boom. Although I have averaged down successfully in other AIM shares in the past, it's not a given that it always makes sense - there's no unlimited cash pot to draw upon.
So my average is a high 11p
But, I really do feel this time the company in its current form, the reputation it is gaining for engineering excellence, particularly the Maritime division, made me take up my Rights and added in the recent offer at 6.5p.
I am feeling quietly confident about TPG and expecting to hear some clever deals coming out from management this year which will add strength to the SP.
I'm hoping that I'll have the patience to avoid selling to reduce my losses but stick with it for another 4 years.
One to tuck away imho.