Member Info for Dinoken

I must be Phil's No1 fan. IMO having a strong leader is far preferable to management by committee. His vision of AI integrated engineering, both heavy and precision was inspired. Move towards consultancy should have produced decent margins. Think Dukinfield was his nemesis, would love to see the profit projections for that major cash burn which was opened by the mayor of Manchester. At the end of the day, lets face it, TPG is nothing more than Phil's listed pension pot, and I am sure he would not intentionally see it go to the dogs. And who would have predicted Corona ? IMO as the visionary/pensioner, he should stay on but rest of the board can go. Time for the next cash raise ...

Invested 1.5mill in Dukinfield, lost millions running it then sold it for 1 pound. Hired PR company - not sure what that achieved. Not able to follow up sale of Marine without employing outside advisors. Paid CEO 0.5mill per year. Cannot blame this on one man, at the end of the day, it is upto the investors to ensure board fit for purpose starting with Finance and HR. Need whole new team, not just new CEO.

Think you are spot on, and a punt now before tomorrows AGM statement could pay dividends - unlike TPG.

Making the transition from manufacturer to niche software provider worked a treat at Eleco, now Elecosoft, which has just reported strong trading with profits to match. Just don't understand why TPG is failing to rake it in from IT/AI/Consultancy with all these captive non-default clients. Unlike with Eleco, TPG manufacturing is clearly the most profitable area of the group. IMO not convinced providing more funds by selling Maritime will make the other areas profitable.

Really ?!!! Good luck with that. Looks like it has already gone t.u. and glad I do not have to chair the AGM on Wednesday.

IMO - TPG would benefit from purchase by a turnaround specialist flush with cash from selling of all things, its air management division ...

With conglomerates, the sum of the parts is usually worth significantly more than the whole. Except in the case of TPG. Rather than selling Corac (Marine), it could be floated LOL on AIM. 50-60m capitalisation is about right. If they did that, shares would definitely be worth a punt (Corac, not rump TPG).

'The engineering sector left would be worth more then current value' !!!? After careful consideration, and in cold light of day, hard to comprehend, but you are dead right - gulp.

Time for full steam reverse ? Sell off consulting and invest in Corac (aka Marine). Always thought the move into consulting and AI was the way forward but one look at the margins suggests otherwise. Wonder how much Sapienza and Osprey are worth ? Sadly, looks like Simply Wall Street got it right with whole company at fair value 3p.

Adastra - can see now why the tipster is called the naked trader. Clearly lost his shirt (and everything else) investing in TPG ! Target 10p in his dreams ...

Steve - I must have tempted fate by posting comment in May that flaky books were in rear view mirror. Looks horribly like they may have just re-overtaken events... Cannot think of any other reason why indefinite delay to results. Auditor in question has not got reputation for upsetting clients by coming in late. Wonder what they found ? Must be serious for Investor Day to be cancelled. That could have gone ahead with suitable qualification about late accounting, unless, of course, there is something more serious afoot. Took years for previous problem to be forgiven. Too late to sell ?

That is the question.

Surprised by disposal of liftbv. Huge market for AI recruitment from large organisations (police, army etc.) all around the world.

Also worth noting Pimply Wall Street values TPG at fair value 3p, massive 80 percent below current sp. Regards TPG as overvalued with mediocre balance sheet.

Who says it will be sold ? It could be partially sold into JV which would be best of both worlds - cash and some profits. Sadly, suspect cash would be wasted on board salaries.

For TPG.
Article in Telegraph quotes UK military cyber chief that UK would be "mad" not to try and sharpen up to become a world leader in artificial intelligence (AI). AI will be central to emerging technologies such as quantum computing, biotechnology and the military's use of cyberspace. If you crack AI … you can master the mechanism to exploit and enhance technology at the pace you need

Apparently, UK is the thirdranked cyber power in the world and a global leader in AI. Machine learning, whereby computers learn through exposure to data to spot patterns, and make decisions with minimal human intervention, is of particular interest to the Armed Forces.

Etc et al.
IMO TPG is spot on with their AI based initiatives, and hope they continue to invest in these areas.

PSK - look it up yourself. Been common knowledge for at least last few weeks, I posted it on here at that time referring to dirty laundry or some similar comment. Unfortunately, I have had so many posts deleted (by you ?) that I cannot remember what I said, but still got date in diary ! Remember at time being astonished at the difference between money laundering at NWG and DB. NWG had ridiculous amounts of hard cash deposited on daily basis by some Bradford jeweler, presumably from organised crime, whereas DB were slated in court for connections to Epstein, Russian ladies, trafficking other young ladies, associations with great and good and other salacious details. Very ungerman, but hugely entertaining with sad looking German mug in court stating they could do better. Wonder what NWG will say ? As a NWG shareholder myself, hoping NWG found not guilty but let's face it, FCA needs to be funded and looks like NWG has been selected to do it LOL

Every gov disposal at lower price than before, last one at 190. FCA fine on Monday for dirty laundry. Etc et al

Grail quest still underway. Searched Google for 'gsk shareholders' and it returns CNN Business with a list of top 10 shareholders and top 10 mutual fund holdings. No sign of Elliot. Probably out of date. States biggest shareholder is Dodge and Cox at 3.5% and Dodge and Cox stock fund with 2.32%. Finding it hard to take the Elliot stories seriously.

Guardian mentions Elliot and GSK’s shareholder register. Anyone know actual extent of their holding ?