Member Info for Sisyphus

Cash is king in a first class business that is trading well and pending earnings enhancing due diligence decisions acquisitions. A top buy IMO for a significant shareprice rise this tax year :)))

I can understand, and have addressed with management, your concern regarding delayed acquisitions BUT I regard it as an indication of firm protocol and strong leadership. My main worry was that the �20m cash pile would be dissipated over ten or so businesses in a disorganised way. I am really happy that management has taken a seasoned and measured approach, applying high levels of due diligence prior to purchase. You only have to look at the last two, particularly Polaris, to see the excellent p/e level in respect to the purchase price. Cash is cash whatever your point of view and cash is king when it comes to negotiating the purchase of a tasty target company whilst exercising acutely detailed diligence. The BoD have a clear and focused strategy regarding acquisitions. TP Group has built a portfolio of excellent component companies and has welded them into a cohesive business with SOTA skills in mission critical and high barrier to entry areas. It has a lot of IP and transferable technology in its submarine and atmosphere control systems. It partners and contracts with tier 1 blue-chips and the MoD in high spec long-term projects with visible and secure medium and long term earnings. Yep.....I am happy to wait because I know the cash pile will be used effectively and to the benefit of shareholders and the price and MCap will rise to reflect that prudence. Having �20m cash with the market 10% of its peak should also sharpen TP's bargaining power.

MM's are playing games with this - the buy price is solid but the sell price is being 'elasticated'. Read the prospects, read the last trading update posted after the year end, look at the quality of the big MoD contracts in the bag for the next three years, look at the c�25m cash-in-the-bank and look at the high-barrier-to-entry and mission critical aspects of TP Group. Then look at the switching going on as the tax year ends and rolls and the fact that finals are due on 17th April. If you can't see a reason to buy or hold in that lot then go play roulette.

Two delayed sells from yesterday that were larger than normal trades. No doubt someone using the tax loss to offset their gains as today is last day of tax-year. Be interesting tomorrow if they buy back in for the same strong reasons we are all invested here. I see a fair-sized rise coming in lead up to finals on 17th April as last t/u indicated they were up to expectations. Exceptionally good value here IMO given the huge chunk of cash in the bank and visible DoH and blue-chip contracts.

Even a single good acquisition or good results will lift share strongly from here. There are virtually no analysts running their eyes over TP group at present despite its attractive starting point of �40m. I suspect [and indeed expect] that situation to reverse strongly and quickly given the nature of TP's business and expertise in high-barrier to entry and mission-critical applications. Onward and upward...........yes, Dinoken - the same, must shrug the Sisyphean task!

Hi threeputt; I share your frustration and have been in constant touch with TP group and Vigo [investor relations]. Replies have been quick and polite. Since the funds were raised, TP Group has successfully completed the acquisition of Polaris Consulting, as announced in December 2017 in addition to converting a healthy new business pipeline. In terms of additional bolt-on acquisitions, the directors are mindful of the guidance provided in the admission document and are working diligently to broaden the core business. However, as you would expect, the Board will only progress discussions and complete an acquisition on targets that are a good fit for the business, earnings accretive and enhance shareholder value in the medium term. Needless to say, funds would only be deployed post a thorough due diligence process. At least I regard this information as reassuring given the trading update for the year ended in Dec on 15th Jan and the three contracts won since. I really can't see the reasons for the fall given �20m plus cash-in-the-bank and a lot of A grade visible contracts with bluechips and MoD. Probably more to do with personal tax gain/loss manipulations due to end tax year tomorrow. I really expect a substantial rebound before the final are announced a week on Tuesday so I've been buying here.

7 big contracts won since the interims and �25m cash. Lots of blue chip and government work already contracted for next 5 years in mission critical areas ...... and down????!!!

Good grief ..... TP has a warchest of over �20m for acquisitions......and an MCap of just �40m....

Here come the buys........Got some in the bag myself

New contracts signed and SOTA facilities on stream.....mad.

TP Group has over �25m in cash and MCap �40m with loads of new contracts signed - check the IP and the RNS stream. MM crazy drop ahead of good results in 2 weeks imo......we shall see.

Have done their back of envelope sums we should see 7p broken upwards today and then some more as the value spotters kick in

With only 144m shares in issue..........upside interesting.......yep

This Indonesian deal looks set up on the back of confidence at Zardab IMO. AC is back in the limelight and all the timeframes are focusing on April for confirmation of his last set of targets. Bringing the first Zardab well into production will cement that outlook and all of a sudden the shareprice will look ridiculously undervalued in relation to production and prospects IMO. We just floored as the rise starts in ernest with milestones clearly in place.

I expect this to turn blue relatively quickly as the implications sink in. There's a lot of maths going on but whichever way you run it, this is a great deal/opportunity. AC is certainly not standing still waiting for Mike Palmer to convince investors that he has tamed the potentially prolific Z28 and Z21 wells. They'll gush in due course. Meanwhile he is targeting under valued producing assets before sentiment rises with decreasing US oil inventories in the summer. Great move IMO.

This is asset building par excellence. Mike Palmer is working away to unlock Zardab field (re-read his last appraisal given that he under promises and then delivers) whilst AC is unlocking new producing doors. It's a mid-tier in the making and will reward the patient.........the very patient. 1350 BoD is a great start for the next stage given that Azerbaijan has the ability to surprise nicely in the near future.

Forgot the producing assets in Italy.........350 bod current from Azerbaijan and Italy and now a probable 1000 bod from Indonesia for an all in MCap of �16m. Direct input into existing pipe systems at under $20 a barrel with oil price up and stable. Fine by me. However the shareprice wobbles today, this looks a good deal going forward if AC can pull it off.

If a new fully listed company floated with an MCap �16m producing 1350 BoD with producing assets in four prolific basins with excellent upside prospects I wonder how much it would rise on listing??!

An additional 1000 bod @ $18 a barrel all inclusive cost. Solid

Hi Dac: I suppose that's true for holders of one year or so as the share has horizontally consolidated following the fund raise mid last year. For longer term holders the shares are up almost 200% over 2 years following the decision to ditch high cost niche R+D and go for focused organic growth. Excellent management has acquired complimentary businesses for very low p/e values giving good scope for growth as we run into this financial year. Results due mid April should confirm both good growth and sound prospects underpinned by �25m cash and �50m forward blue chip contracts. Good value.