Member Info for TruroTrader

I'm wondering if a lot of good news is already built into the SP. In the last 5 years we've lost some 27 Mill and while we will make a profit this year (providing our cost base hasn't risen to much) our revenue will be perhaps some 11/12 Mill. or some 10 times the current MC.

Unless we're taken over (BOO!) I for one am not expecting major SP growth until Dividend time when we will find out the BoDs attitude to profit. Don't get me wrong - delighted if I'm too pessimistic. Just a little cautious.

Err - you've selected "Strong Buy" twice but not actually bought? Thanks for your "support" though I'm not to sure what it actually is! Have you read the Annual Accounts yet?

Be interesting to see if we hold on to the sp rise of a third in 3 days in the absence of any news. The only thing I can think of is that with the covid-19 relaxing Airbus have been on site to assess us. With the experience we have we should get a good result.

Some reasonably chunky sales today. Not to sure why though. Current MC is £60 Mill. If all goes well and contracts come through, sure I know - counting chickens etc., but if they do, then our revenue will be above that!

So where would that put the MC. Bear in mind the contracts are typically for 2 years or so and as we've seen with Bahrain there's top-up business to follow plus the data satellite re-occurring revenue stream to add on.

I've got a feeling that there is real value here as I've always been impressed by the foresight that ST has shown and the way his webcasts have been both positive and as factual as he could make them but with no promises. Rather looking forward to the next couple of years!!

The HDD coated component is superior to the current component and not only are Airbus still making planes but the HDD coated wing pads are now authorised for the maintenance companies. No reason why we shouldn't get both production and maintenance orders. Once of course we get approval on the new site.

Hope I'm not jumping the gun but this years revenue could be a real showstopper if current contract expectations come to fruition. Just put my remaining SRT shares into my ISA to avoid tax on any divis. I think there is a real possibility of a divi being announced in the current years accounts which will be announced in say July 2022. By then the following years revenue will also be high and visible. Obviously depends on the timing of any contract starts but definitely a real possibility!

I hope so bestintown, I hope so. The positive thing is the increased production capacity e now have which means we should be able to cope with whatever orders we get!

Wow extrader what a post! Many many thanks for the info. No idea about countryman5 but he sure seems to be able to give definitive analysis. This year to next March is pivotal. I see a total transformation to a cash rich high margin company with an acknowledged USP. What will they do with all the money!?

Hi TraderJones, Yes I too have no idea. My guess is it's the Philippine contract Perhaps because our milestone criteria has not been reached we can't recognise the payment. But then if so why would they pay us?

The only explanation I can think is that the payments were made because of timing milestones built into the contracts but our delivery/instillation was delayed by Covid.

This is a positive update. Everything in it builds on previous updates and web-casts. Last April there was a fund raise at a discount available to all shareholders. The price was 25p. I only had a grand spare. But any doubters should be aware the ST spent £100K. Now that is skin in the game!

Hi Alocasia, yes I was wondering if the River Teck payment had been received as the yearend revenue, in the trading update, seemed only to reflect licensing payments. I wholeheartedly agree that to settle is the main thing as half a mill is no longer an issue for us. If no payment has as yet been received then the Mill will be accounted for in this year and an odd mill will not make much difference to the year end figures anyway! Gosh, how that shows how well we have progressed!

Yes Hydrogen has a massive potential world wide but TPG doesn't seem to be that involved compared to some of the industrial giants who are spending big bucks on this. We are not a large company and Hydrogen is only a part of us and there does seem to be a lot of competition. Not to sure how valuable this will be to us.

Eastern Europe appears to be struggling with a wave of new infections. There appears to be a general low level of vaccinations and some countries have compromised health systems. I've not seen any specific mention of Kosovo but if does a rigid lockdown and our factory is closed we could be in a bit of trouble. Don't know if the quarries have reopened yet but although they are a healthy place to work, re virus transmission, it's any travel ban that could be the killer. Any block sales will also be compromised - hope I'm being to pessimistic!

Interesting article flotogo - It's been mooted on this board in the past that any 'spare' renewable electricity can be used to generate hydrogen but that seems possibly wasteful at currently 3 to 1. I think that any financial benefit to TPG from this will not be that much.i.

Starting to get really interesting. Week commencing the 19th for the FY results but perhaps my main interest will be on the 1st Quarter revenue figures - I hope they're announced. Probably one of the best future indicators we could have.

I'm not to sure how valuable this is going to be. There seems to be a wide range of companies with various fingers in various pies. Neither we or anybody else as I see it has any USP. I think the competition is to broad to give us any real value. Yes Hydrogen trains have a place in the transport system but only as an add-on to lines that are uneconomical to electrify.

Difficult call buddy23. Price is important and so is the detail. Bahrain has come back a couple of times for updates and upgrades so once you're in you're in! I'm beginning to wonder if the contract delays have more than covid-19 reasons. We we have improved the product recently and our margins are high so we have maneuvering room if it's just price that is the concern. The only thing to do is keep all fingers crossed.

Thank Nicky for the post that shows how we can address so many niche arears however I think the Recent AGM statement was an opportunity missed to give an update on the progress of the above. We've been told that "Spring" is when we can expect the approval and subsequent production orders from Airbus. We've had the start of Metrology spring , the Spring equinox and now the "spring forward" clock flog.

The deafening silence of an "Airbus spring" has had an adverse SP effect. I just hope that all is actually well but Airbus is so good at dragging it's heels that you can understand a market nervousness. Finger, toes and most other bits crossed - all we can do is wait. Grrrr!

World markets all a little in the red today?

There was a fund raise announced last month that was to help cover Fox's legal costs. Dentons have agreed a no win no fee agreement. I expect that Simon Nesbitt QC is not party to that agreement but will be paid from the fund raise. However his presence and that of Kroll Associates is indeed a clear indication of the strength of our case.