Member Info for Sisyphus

Steady does it - Bubbling away nicely. TRP has gap-jumped twice on good news and I expect the same will happen when the anticipated and imminent £50m MoD contracts are signed off. Heralded as due late 2016 or early 2017 looks strong given the fact that a third of the company MCap is in cash and great prospects, excellent trading.

Over a third of the current MCap in cash with 10% this year....that's pretty good by anyone's standards with the quality of TP groups client list. I think we will be rising onto the radars of a few fund managers now. This level of cash is good for any acquisition but also raises the possibility of a maiden divi given the share cap reduction last year. Healthy.

Strong cash generation with year end cash up �2.2m to �9.2m. Very nice for a company with good growth and MCap at this low level. Looks like the last update was spot on leaving plenty of news in the bag for finals and outlook. Strong company in the ascedancy - no big spikes, just good solid organic growth on all fronts IMO. http://www.investegate.co.uk/tp-group-plc--tpg-/rns/trading-update-and-notice-of-results/201701250700070229V/

From last year: Renaming - Corac has changed dramatically in the last few years. We have diversified from the original compressor technologies into a wide range of specialised engineering programmes, and believe it is now appropriate to re-examine our overall branding and presentation to the markets we serve. It is proposed that the company name is changed to reflect our new positioning as we communicate with the market, customers and other stakeholders. With support from our shareholders to be confirmed by a vote at the forthcoming AGM, the Company intends to be re-registered this summer as TP Group plc. This name reflects the fundamentals of what we do and what we are - technology and partnership....................... The name change was duly adopted and reflects the growing diversity of the business but retains all the IP of the original enterprise. The rate of acceleration in the last trading update bodes well for this week.

Definitely under the radar and not being widely watched. This should light up as potential investors look at the order pipeline, almost a third of MCap in cash, and the quality of the companies purchasing its products. Add in the not insignificant IP in the portfolio (over £25m capitalised as Corac) and you get the drift. Well undervalued once the ink is on the line, and as sole supplier for marine/submarine atmospheric control systems to the MoD, it should be very soon. I presume that's why we are seeing nice chunky 250k buys. Anything over 6.05 for the last 5 days is a buy.

Trading significantly ahead for 2016 AND 2017, £7m cash in bank, no debt and no dilution needed as we roll into profit IMO - sound. Even prospects of a maiden divi.....

Dec 14th - Trading Update :FY16 EBITDA likely to significantly exceed current market expectations with FY17 materially ahead of current market expectations. With a further trading update due next week or following Mon/Tues I think we can expect flesh on the bones and possible confirmation of the two 'sole source' MoD contracts with a combined value of £50m. Certainly looking like TPG is in a transformational stage to specialist and niche defence/engineering contractor looking at all contracts signed in 2016. One to watch due to its strong tie-ups with MoD, BAe, GE, Spirax-Sarco and lots of inherent IP. The submarine atmosphere control marine arm looks very strong indeed. http://www.naval-technology.com/contractors/hvac/atmosphere-control-international/ Inking of the £50m contracts will secure future for next 8 years and could well trigger a bid IMO by one of the players above. Tasty.

Spread is 6.05p sell 6.20p buy. The current transactions are all buys.

Recession-proof business in uncertain times should see this rise comfortably above 35p today and 40p by March as bigger investors take positions. Strong shareholder base with influential players.

http://www.investegate.co.uk/sinclair-pharma-plc--sph-/rns/hardman-research--demanding-targets-exceeded/201701170927253509U/ Expect more interest.

Excellent trading update. Growing strongly with revenue up 50% plus and exciting outlook. Niche player in non-invasive cosmetic enhancement. Either go it alone or as a takeover target looks good for 2017 and beyond.

Company did reference contracts in last upbeat T/U on December 14th and MoD decision [even though TPG is sole source supplier] was not due till either end year or early 2017. From the update::: The Company expects to make a further update in January 2017 and to announce audited results for the year ending 31 December 2016 in April 2017. In addition, due primarily to recent contract wins and a strong order pipeline (including the two sole source MoD contracts announced in July and August 2016) the TP Group Board is pleased to confirm that it expects the outturn for the 2017 financial year, in terms of EBITDA, will be materially ahead of current market expectations..................................................................... I suspect the imminent January update will detail/confirm.

Term value of 2nd sole source MoD contract is £22.24m over 8 years - in negotiation. Combined orders of £50m as sole source supplier - confirmation due very soon.

Term value of the sole source MoD contract is £27.8m for the 7 year contract with 3 year extension.

The full-year trading update next Tuesday should be good news given a forecast 40% sales growth for 2016 at the interims. The half year results stated: The Board is highly optimistic that there will be significant near and medium term operating leverage. The business is already close to break-even at the EBITDA level (pre US investment), yet anticipated sales growth is strong with very high marginal profitability as a result of high and rising gross margins and a relatively fixed operating cost base. The proof of the pudding is on 17th and the shares should start to reflect current prospects rather than low-margin legacy operations.

TPG is awaiting the sign-off of the two sole source MoD contracts announced in July and August 2016. Given that the combined term value is estimated at £50m (twice current MCap). Looks a good platform price for next step up given that this gap-jumped on the trading update. Good solid prospects IMO.

30% revenue increase in last t/u bodes well for finals Monday. Lots of 'sticky' revenue here according to CE so turnover should escalate nicely through 2017. Gap jumps are possible/probable on good news and it looks more likely given the current abysmally low level - hence all the director purchases this year.

And the very important and I expect increasing lucrative waste steam electicity-generator tie-up with Spirax-Sarco. Oh, and the energy producing gas-reduction trials on the Henry Hub system in the States. Lots and lots of newsflow leaders in place.

People are waking up to the fact that TPG is a substantial, niche and growing business which contains £25m+ of Corac R+D IP. The quality of its business involvement with the likes of MoD, BAe, GE, ThyssenKrupp Marine Systems is testament to just how far and fast TPG has evolved. The next price-gap event is the imminent signing of the exclusive 8 yr MoD contract for around £22.6m.....that's equivalent to the current MCap alone. Interesting times and should see a re-rate upwards continuing the strong trajectory as contracts accumulate. Be a nice Christmas Present if the ink hits the paper in December giving a real boost to 2017 and beyond. Solid company with increasing bid prospects from any of the companies just mentioned imo.

Management have a lot of skin in the game so as an investor you are more aligned with them - hence the progressive and special divis. Management are focused, proactive and customer-centric. Excellent business where the strong cashflow is king. The p/e here should be significantly higher given the cash generation and prospects.