Member Info for jonesrichard

Although with the recent contracts plus possible future ones you would hope that the MC should be over 100 mill.

https://www.business-live.co.uk/enterprise/offshore-group-tekmar-talks-several-25219869

Some key questions answered in the above article:

Tekmar’s gross cash at September 30 2022 was £8.5m.

Tekmar, which was founded in 2011, floated on the AIM market in 2018 in a deal that valued it at around £65m.

The company has also announced an agreement with Barclays Bank to extend its £3m CBILs loan facility until October next year

Looks like the cash position could be bigger than the MCAP and we should be looking at a deal no less than £65m

In that basis the sp should break very quickly up to over 40p next week at some point! Don’t forget there are only 11 mill shares in free float and 8.6 mill of them have been traded over the last two days so if strong volumes continue then MM’s will be short of stock very soon! I wouldn’t personally risk trading this as it could take off once mms are desperate for stock and then you’re locked out for good unless you fancy paying 2-300% + more for shares you just sold! Each to their own though!

As long as BP are prepared to pay multiple pounds per share then they are very welcome to one of the seats at the negotiating table.

“TGP - in talks with an undisclosed party over a merger / takeover. Considering the company does a significant amount of work with #SSE and have just been awarded a multi-million pound contract, I’d say SSE are first in line for partnership but they also work with #Shell and #BP“

https://twitter.com/wallet_investor/status/1606329593929076736?s=46&t=dvtxQNettD2TYLBAywkstQ

Should be multiple bidders now interested presumably?

Don’t have that app, is worthwhile stuff shared in there that isn’t in here?

More than likely, yes!

I only need this to rise another x 10 and I will have those sort of gains also! Hoping for a nice middle of January next year when that happens so all holders here make something decent! GLA

Unless they are expecting to release further details on or before 5th January? In that case then the presentation would make sense. Let’s see.

Anything over 0.50 will be acceptable

Hopefully BP are one of the companies who will bid then!

Indeed, a £1.50-£2 + bid within the next 25 days would be most welcome for sure!

So how many pounds sp could the takeover end up being in 25 days time?

£1 sp before final bidder is revealed at the end of the 25 day period you think?

Presumably through a raise? At a premium to last price traded?

Twitter seems incandescent with rage asking where the 6 mill is coming from?

When should we expect the prospectus and the vote to be?

Would like to think that this contract means that the asking price for any suitors has now moved into the £1 + range! Only max 25 days to wait to find out!

Do the takeout price should be over the year high of 59p presumably?