Member Info for TruroTrader

Hi Radius,
My view is that David Lindsay is doing an excellent job already and has demonstrated a plan based on his past experiences to turn TPG around. If he succeeds in getting middle/ lower management behind his efforts to transform the company then a couple of dodgy directors and their agendas may well be sidelined! As is often said - time will tell!

Radius.
Yes this could be a question of a Cuckoo in the nest! I don't like SAG's tactics. I just hope that David Lindsay not only stays on but is allowed to progress his program to turn TPG around. He is currently working within the company to strengthen the structure and retain good people. Will the SAG directors be a force for good or bad to then promote a resurgent company to win more business?

No bloodninga - the company is not utter garbage. The quarries have been opened and the factory built from absolutely nothing over the last say 8 years . CG had no real knowledge of the stone business but compensated for his lack of knowledge by sheer bloody-mindedness and perseverance.

The current major problem is lack of block sales. This is nothing to do with Fox but is a combination of no buyers able to travel coupled with no transport anyway. The reason is a shortage of empty containers that can be transported to loading ports. There are multiple blockages at the major container ports so container vessels are anchored outside going nowhere. Freight rates have increased to 4 to 8 times previous rates. I don't see how Fox caused this or can solve it!

However what they are doing is successfully drumming up local business in processed marble. This was not the original plan but demonstrates the companies ability to adapt to market realities. What else can they do?

Finally the Court case was not part of Fox's original business plan. This came about because the previous government failed to intervene when an agreement was broken. But again fox had no choice but to adapt to the situation. What do you think were their other options? All anybody can do is A) Hope local contracts will continue. B) Hope freight rates reduce. C) Hope we get some cash from the court case.

PS. Don't forget the Stone Alliance agreements.

I've just revisited the recent presentation. David Lyndsay is doing all the right things that any good CEO should do. I am particularly impressed with his efforts to visit all the sites and talk to as many people as possible not just a brief chat but for an hour meeting for each one. Having a 3 day Management Consultancy meeting is exactly the way to join a disparate group into a cohesive one. Got a good feeling about the way TPG could go. SAG do appear to be quit happy to be a bit devious - not the best way to run a railway!

The proposal involved Ash giving up his 40K Annual Fee which in fact is one less "Job for the boy! Much more likely it was a deal done BoD to BoD

If it doesn't happen before the results are announced we should at least get an update then! However it should boost next years figures anyway.

stokey12, are you off you trolley? Do you really believe that both the Financial Conduct Authority and ISS would allow a lie to go unchallenged? You obviously didn't follow your personal preference on this one!

Indeed it was positive. Only some 20 or so shareholders present so a fairly relaxed meeting in SRT's premises. At the buffet lunch afterwards we all sat around the buffet table for an hour or so and both Simon and the Chairman were relaxed and positive. Nothing was 'given away' but it was fascinating to hear stuff like the effort being put into Nexus to make it user friendly. They've had a whole range of people such as professional sailors to help with the controls and big discussions on what combinations of switches, buttons or knobs should be used. The thinking is that the technology is groundbreaking so lets make it a doddle to use. Just to be clear - there are apparently other products that are sort of similar but not with the functionality or ability of Nexus. It should transform the product side of the business.

CanonGuy, Proxy Papers. They are no use to you but if you read the second Para on the front page you will see you should pass them on!

I learnt more from the 1 hour presentation than from 8 years as a shareholder. Lindsay certainly talks a good fight but he backs it up with open and honest info. He held the 1st Management conference so that management actually met other managers and could share ideas, learn from each other and feel part of a group. Standard for many companies. Take an interest in your employees and invite them to have a meaningful input is the best way to engage the workforce and to show you value them.

Very reassured and I'm voting for TPG.

It just shows how lackadaisical the previous CEO was. Carmel was. rn impute is th r. people actually met noto m

stevebru, I'm not to sure what your analysis/criticism is exactly. The sp will will no doubt improve once the revenues improve.
The last 2/3 years have seen an increase in marketing and a couple of good quality appointments. There is more positive visibility in the near to midterm future than there has ever been. What is it that the BoD is supposed to grip?

I've just re-read the May Interim Results - is this the Tier 1 German supplier to Airbus actually placing orders? Lets hope so - it will be a real boost to next years figures!

Me Too! It's almost impossible to see a downside. Future revenues and profits are very visible and decisions re Dividends will be on the cards this current year or at least next year. I can't help feeling that we will be a T/O target which I'm in two minds about as I'd like to see what we can do on our own.

Not particularly good at all. To much to fix quickly. The only real prospect of immediate growth is in Sapienza and Osprey which are relatively newcomers. Westek, NorthStar and the Hydrogen project are in the jam tomorrow category. I can't see SAG giving the BoD the time to restructure the company. One can but hope but there's a whiff of cooked goose around at the moment.

Hi Jmidland, Yes there's been several updates re Turbine blades re EDF and Steam Turbines. Gas Turbines are a whole new ball game. Jet engines and Turbo prop planes are numbered in their thousands on a world wide basis. Plus it will apply to thousands of static instillations. It's almost impossible to measure the potential of this.

The MK didn't raise 5/6 Mill on just a 200K order. My guess is that although it was stated as a production order it is in fact either for testing purposes or for assembly/production purposes. For me this is a bolt from the blue. As I've stated before my believe is that when we start ordering new reactors we will be on our way.

Hi Radius,

I can see advantages in both scenarios. It's certainly woken TPG up - Investor presentation - who'd have thought it! We've been excellent in the recent few years at growing both the revenue and the order book. However questions remain about A) the margins and B) costs. In fact for me BoD communications have been a major downside. We've heard little about synergy savings amongst a lot of other things. If a reasonable explanation for the lack of profits can be made then I for one would favor no takeover. SAG does not act like an ethical company in my book, The Frontier takeover has got bad press on this Board and I wouldn't like that to happen to TP.

BUT on the other side SAG's revenue growth is pretty damn good. So far it's unclear what sort of offer would be made - Shares, Cash - perhaps a mixture. The results on the 13th and the meeting on the 14th are going to be quite illuminating I hope. I think Lindsay and Stroud should take sandwiches to the Meeting - it could go on!

Perhaps Leopards can change there spots??!!

I don't recall much previous info re gas turbine testing? Is this a major new opportunity? I wonder if this is GE. We've been a supplier to them to their O & G division for many years. If it is them this could be a terrific initial order and could warrant new orders for new larger reactors. What an RNS!

I've booked in for the above and the night of the 21st at the Centurion Hotel - the AGM venue. Anybody else planning to go?

Anybody any questions for the final session if your not attending?

Thanks for the info Morbox. It certainly seems like a never-ending stream of opportunity for the likes of GMR as more and more US States look to increase Tax revenues.

Surely we must be on the radar of some of the bigger players? Not to sure I want that as I'd like to see just how far we can go on our own. Looking forward to the 13th and also any update on the current half year.