Member Info for Jarv55

Its interesting on Spreadex 48% are short on Copl yet you can't buy through them, can only close. Any good news here and there is going to be a short squeeze.

Petrofac are everywhere now phe had an rns this morning saying they will be working with them.

Wace are gone now expect Telworth will have closed by today https://shorttracker.co.uk/company/GB00BMTV7393/

Looks like shorts are closing here now.

I think we should get Andy Butller on the bod and sack Andy Yeo. The communications are shocking.

You can't get any borrow at the moment with Spreadex closing positions only

It could be a few pi's buying and they have to rns once they have breached the 3% we had it on Boil so wouldn't take any notice of that TR1 and don't panic if they reduce either.

Spreadex is just pi's buying through them.

cherry picked not sherry mind she must of been on the sherry when she wrote it.

old news that https://12ft.io/proxy?q=https%3A%2F%2Fwww.thetimes.co.uk%2Farticle%2Fannual-losses-at-petrofac-widen-as-delays-and-overruns-take-toll-tmsbvvltg think the lady at the times is supporting the shorts she sherry picked the rns

OUTLOOK

The outlook for new awards in E&C remains robust, supported by high energy demand and increased focus on energy security and the energy transition. E&C is well positioned on a number of other near-term prospects as evidenced by the recent multi-year, multi-platform Framework Agreement award in support of TenneT’s 2GW offshore wind programme. It has US$1.5 billion of opportunities at preferred bidder stage, and a further US$3 billion of bids submitted. Bidding activity remains high, with a total pipeline scheduled for award by June 2024 of approximately US$40 billion, of which US$23 billion is scheduled for award in 2023.



E&C has secured revenue of US$0.9 billion for 2023. Approximately half of this revenue comes from contracts with no future margin contribution. Furthermore, new awards secured in 2023 are not expected to contribute to margins until next year. Coupled with the adverse operating leverage due to the small portfolio of active contracts, we expect a small EBIT loss in E&C in 2023. Our healthy pipeline and projected order intake in 2023 mean that we remain confident of delivering a return to profitability and positive cash flow in 2024 and significant growth in E&C over the medium term.

Think the Times can't read.

old news that https://12ft.io/proxy?q=https%3A%2F%2Fwww.thetimes.co.uk%2Farticle%2Fannual-losses-at-petrofac-widen-as-delays-and-overruns-take-toll-tmsbvvltg

Didn't realise they had debt to sort out
bones28 Apr '23 - 12:55 - 195 of 199
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Small matter of £30M of debt on the balance sheet with which they recently breached banking covenants. Those are temporarily waived but the banks have still to agree with the company how that will be fixed. I don’t rule out an equity raise to help reduce the debt ratios here.

Bjorn Conway, Chief Executive Officer of TPXimpact Holdings PLC, commented:



"Our projects with the DfE and HMLR underscore the strength of our offering across digital transformation services, which will prove essential in driving the automation of critical government systems and services. Winning these contracts following a competitive tender process highlights the quality of our offering and consolidates our position as a leading provider of digital transformation services to the public sector.



With the Group optimised for efficiency under one brand, these contracts also represent the scale and value of the projects TPXimpact can deliver. As an agile organisation with end-to-end digital transformation capabilities, we continue to target larger and longer-term contracts across both the public and private sectors. We are excited to embark on these partnerships and look forward to the opportunities they unlock for further growth and innovation."

Never know Lombard might buy back now

I expect the mms have a few Lombard shares to shift

I doubt it Ria looks like Lombard are selling

Two-year digital transformation contract with Department for Education worth up to £27.4 million and four-year digital transformation contract with His Majesty's Land Registry worth up to £49 million



TPXimpact Holdings PLC (AIM: TPX), a technology-enabled services company focused on digital transformation, announces two significant contract wins with two UK central government departments. Combined, the contracts will deliver a cumulative value of up to £77 million over a four year period and demonstrates TPXimpact's position as a leading provider of digital transformation services to the public sector.

The first is a two-year contract with the Department for Education (DfE) worth up to £27.4 million, commencing in May 2023. TPX has been appointed to lead a consortium of suppliers with specialist expertise across all of the Digital, Data and Technology (DDaT) Profession Capability Framework job families, to design, develop and iterate digital services for Teachers and related users.



The second contract win is with His Majesty's Land Registry (HMLR) and is TPX's largest to date, worth up to £49 million over a four-year period, commencing in May 2023. TPX has been appointed HMLR's Digital, Data, and Technology (DDaT) Delivery Partner and will provide a range of digital and technical transformation programmes to support HMLR's ambitions to deliver a more efficient and effective service to its users.

Big contract that

Seller finished here time to buy.