Member Info for oldtramp

Stokey you keep posting I appreciate your research

As of 17.47 SG = 22.3%
https://www.londonstockexchange.com/news-article/TPG/holding-s-in-company/15110431

So far SAG have only made a ‘possible offer’ Radius at 30% yes they have to make an offer of a minimum of 6.5p until they make an official order or final offer we do not know the floor and they haven’t reached 30% yet to me it looks like they will need funds from some source before they reach that.
Interesting times GLA OT

Radius it is simple supply and demand ….once the supply runs out the demand warrants a premium
GLA

Stokey remember no official bid has yet been made as of yet only possible offers vast difference.

Very interesting Stokey that Micheal seems to be on the ball
1st time JW has answered his questions ….

Evening Jabido although plenty of news could come out soon I can’t see anything coming out on IM until NI energy statedgy is published end of year but only my opinion obviously

Hi Rogue raider agree with your sentiment next dividend should be announced next week also with update on Madagascar

So we know SAG have until 7th sept to make an offer or wait 12 months
However we also know if they go over 30% they have to make an offer the question is if after the interims they then purchase enough to cross 30% can they still make an offer ?
Confusing I know ….

Thanks Chris at least we know what they are currently doing on the Victorine
“ Repair and refurbishment work on the ramp also fire suppressant pipes replacement in the engine room at present .

Fatoomch I agree that is the name of the game and I wish you well
This caught my eye in RNS
“reduce the consideration of any offer by all or part of the amount of any dividend (or other distribution) which is paid or becomes payable by TP Group to its shareholders after the date of this announcement.”

Can only assume it is in regards to sale of maritime? You would have expected SAG to have had that deal sorted ? Maybe the proposed purchaser wants to only deal with TPG direct ?
As I said a few days back interesting times also noted the large trades at 6p yesterday that looked like sells are indeed buys from SAG
GLA OT

Pure gold fatoomch " Maybe they should have bought glitter instead"
you seem to have a twin on another board that purcased into the Turd Polishing Gang this morning
"23/8/2021
08:07 Had a little top up at .0604 on the opening Bell. That'll be last time we see that imo 08:52 edit - famous last words - lol "
fat00mch

Correct Lasvelas however they need to be able to proove they can afford it and also the current offer is well below what they would consider selling for.They have also explained covid has caused major problems similar to many other companies.End of the day they do not want to sell.

in short " substantial pre-conditions" means SAG want the books before the interims come out. Hope that helps

SAG along with us do not know how TPG is doing and due to bad timing of bid they will not know until after interim results Just to add the last trading update we had was from Jan 21
Business activity was robust in the last quarter of 2020 and this has continued in the early weeks of 2021 to provide a solid platform for the year ahead. The Board is pleased to report a forward order book growing year-on-year to c.£69.0 million (2019: £63.8 million).
Has not been any update on 2021 trading apart from above that i can find

Lasvelas i think TPG do have a "grip on it "
"The Board responded on 22 August 2021 to SG requesting that SG provides satisfactory confirmation and evidence as to the sources and availability of cash to SG to enable it to meet any offer that it may make, which would, in accordance with the Code, be required to be in cash or accompanied by a cash alternative at not less than the highest price paid being 6.5 pence per share.

On 23 August 2021 the Board received a further letter from SG with no such satisfactory confirmation. The letter again contained substantial pre-conditions.

You really are a bit of an enigma fatoomch lol

Good strong response from BOD don’t start haggling unless you can afford to buy.And 6.5p is ridiculous

You are probably correct The East however the interest was in job description rather than Title

This is quite interesting from 4 days ago
“ Our Methil facility is seeking an additional Project Engineer to join the team and support a range of exciting projects in the renewable energy sector.”
Something in the pipeline other than Saipem contract ?
Taken from
https://www.linkedin.com/feed/update/activity:6833705855310004224