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1) Cenenting the £50m MoD contracts that are currently being negotiate, with TP group as the sole negotiator. 2) Confirmation of further orders from GE after their toe-in-the-water maiden contract - presumably to evaluate TP efficiency, punctuality and quality. 3) Results on April 4th which have been telegraphed as excellent. The outlook was also heralded as good for this year in the last t/u so clarity of that outlook should drive the shares further. There are also the possible surprises of upswing in oil & gas work, nuclear tech contracts (for which they have newly installed capability at Dukinfield), overseas submarine commissions, increased orders from Spirax-Sarco, and roll-out of the electricity micro generation from Henry Hub gas pressure reduction.......plus the ever present possibility of a bid from a bigger T2 or T1 wanting to get its hands on the IP and contracts. Fairly valued at present but the prospects loom large. Certainly a tuck-away.

This dip gives one of last chances to buy in before finals on April 4th - two and a half weeks till we get results which have already been flagged as excellent. Should get lots of news on outlook which also looked good in last t/u.

When you look at the recent excellent purchases of ALS and Flexible Software Solutions http://www.als-projects.co.uk/ http://www.flexss.co.uk/user-interface-design-best-practice-guidelines/ you realise just what a superb buy this combination is. It targets exactly the audience that TPG is aiming for - High tech aerospace, marine and defence. It's not just individual IP tech, more an accumulation of interactive tech that can be cross-sold and can evolve. Super little company can only get bigger and better.

After years spent developing the technology, chief executive Phil Cartmell took the decision to transform Corac from R&D to make itself a commercial success. A spin-off from Brunel University, Corac originally developed the micro-turbine technology for oil, gas and submarine applications. Corac was renamed TP Group. API (the marine division of Corac/TPG) has embedded 'sticky' contracts with the MoD for its submarine air purification and CO2 scrubbing technology throughout the fleet. http://www.naval-technology.com/contractors/hvac/atmosphere-control-international/ In March 2015 the business secured a 10-year agreement with leading British engineer Spirax-Sarco (SPX) to provide turbines which can generate energy from steam used in existing industrial plant. Installing the turbines into steam systems enables businesses to cut energy costs by using the extra power generated in their own facility or selling it back to the grid. Royalties from sales of the steam micro turbine technology are expected initially at £500,000 a year and could rise in the future if Spirax expands them into international markets. Also in 2015 - As well as down-hole gas compression, oil refining and submarine air filtration, TP's intellectual property is now being deployed as part of a bold plan to store excess renewable energy. Turbo expanders produced by TP will be used in an EU-funded project to convert surplus energy into a liquid which can then be quickly and cheaply expanded into a gas when there is more demand from National Grid (NG.). TP expects to receive €500,000 (£363,000) over two years as part of the research and development (R&D) project into cryogenic energy storage (CES). There is also a project in America working on power generation using TP micro turbines in Henry Hub gas pressure reduction at peripheral stations. Normally the energy is dissipated as heat and lost rather than turned into electrical power. Cartmell previously ran profitable small cap aerospace and defence outfit VEGA, which was eventually sold for £61.6 million to Italian defence giant Finmeccanica (FNC:BIT). TP bought Shaw Sheet Metal in February for £0.8 million and Cartmell sees acquisitions as a key feature of strategy in the future. Add in nuclear and chemical high tech engineering capabilities = Loads of IP and loads of opportunity for expansion.

Yes, that's correct, been self funding since then for all IP and R&D now transitioning into mid tier specialist engineer.

I think you will be amply rewarded GLAZKING - I think this is a peach of a company with success written all over it.

We are all aware of the significant IP and embedded tech of the submarine atmosphere maintenance division and its impending long-term 'sticky' contracts. What I really like is the expansion of nuclear/chemical competency at the recently acquired Dukinfield site. The skillset being recruited there bodes really well for their specialist engineering division. The BoD are very quietly and effectively building a multi-competency tech company here. Look at the very prudent recent add-ons at a really keen price and you start to see the bigger picture. The 'expertise-sharing' tie-up with the British Army has also not gone unnoticed by yours truly. Like a big jigsaw being put together and the pieces all coming into place. A strong growth stock hold in my p/f with top-ups on any pull-back.

Business is growing strongly as evidenced by Boards increasing confidence, under-promising and over-delivering, and also the big ramp-up in staff requirements [especially in the new nuclear-capable facilities in Dukinfield]. http://www.tpgroup.uk.com/about-us/careers/current-opportunities/ Looking competent, confident and strong for the run-up to finals in April. A great opportunity to invest in a £100m+ focused high-tech engineer in the making imo.

Finals scheduled for 4th April [and we KNOW they are going to be good]. Add in the two MoD contracts with a combined contracted total of £50m due to be signed of this half [H1 2017] plus news on several fronts and we should start to tick up nicely. Slow and sure.

300k buy not register on Fridays purchases. I think this may well herald the ink drying on a couple of nice little £50 million total MoD contracts. Sweet.

Chunky buys coming in close to the close.

Could it be because results are out on April 4th. We already know from the December update that -'business performance in FY16, in terms of EBITDA, is likely to significantly exceed current market expectations. In addition, subject to the receipt of expected payments, the Group's year-end cash position is also likely to exceed expectations' And from the January update 'The Group closed the year with a cash balance ahead of expectations at £9.2m.' and also ‘The Board is confident that the Group can continue its progress in 2017 as it pursues a strong pipeline of future business opportunities alongside a growing order book position.’ Perhaps that's why the MM's are walking the price down to accumulate shares i such a strong company.

Easily possible on so many fronts, I agree. http://admin.tpgroup.uk.com/files/9114/8603/1102/TPG_Cenkos_GandI_2017-01-31D_compressed.pdf Super company - well under the radar and well undervalued.

All the markets into which TPG sells are looking good or much better later. MoD and Submarine atmosphere control systems work can only benefit by the reiteration that defence spending in the UK will be protected AND above inflation with the big pus that the USA is upping its defence spend massively. Chemical and newly installed nuclear capability work is gaining traction and oil and gas optimism is on the ascendancy reading BP's latest missive. Add in all the peripheral micro-generator work with Spirax and Henry Hub engineers. All geared up and ready to go with a beefed up BoD, cash in the bank, new acquisitions and no debt. Clean and competent.

Quality will prevail here. Great IP; quality contracts with blue chips; unique and embedded 'must-have' products; expanding high-barrier-to-entry engineering capabilities; plenty of cash in the bank; no debt. This company is now in the ascendancy and has lots of fronts on which to expand. Quality play with a very savvy BoD.

Great for TP group as it shares common involvement with BAe and these are 2 extracts from BAe finals today: In maritime in the UK........£1.3bn of funding for the Dreadnought Class submarine programme, including design, initial manufacture, materials and facilities investment. In the maritime domain, submarine activity is increasing with the Astute and Dreadnought Class submarines now both in production. The first three Astute Class submarines are in operational service with the Royal Navy and the remaining four boats in build. Looks promising.

Nice steady progress here. Should now consolidate at around the 8p level pending next news. Given the spread and range of high tech engineering here news could come from any quarter. An update on the American Gas Hub project using step-down to generate power is likely or further non-UK submarine contracts. The additional nuclear engineering equipment at the Dukinfield plant is obviously in preparation for something (more GE work?). Without doubt, the most influential will be the MoD contracts. Each contract signed makes the group more vulnerable to bigger players as well as instos and PI's, that is why the price may well surge on substantial workflow visibility. Great little company with two excellent acquisitions recently at minimal cost. Still a substantial war chest of around £8million in the kitty and no debt. There's not much better quality out there at a mere £33 million MCap. Easily a £100m MCap in the making.

Think you hit the nail on the head! Pause for breath before climb recommences. Roll on more newsflow.

Should read £ 1.25m up front and £ 0.5m profits.

The recent purchases of ALS and FSS are indicators of just how good the dealmakers are at TPG. £1.25m up front bringing in historic profits of £0.5m plus benefits of synergy and cross-selling. Neat. The MoD contracts, although priced in to a certain degree, will certainly cause a 'gap jump' IMO as the ink hits the paper as it gives eight year basic earnings visibility. These are nice 'sticky' contracts with lots of associated and spin-off work with the bigger tier 1's. The maiden contract with General Electric was a real coup as it could herald a significant work stream into next year and beyond.