views

Tekmar – preferred partner exclusivity period further extension, what of latest share price fall?

Offshore energy technology and services group Tekmar (TGP) has announced that its currently preferred partner’s “due diligence process has concluded and exclusivity has been extended to 31 March”. So what of a current share price response to 13p, over 16% lower?

NEWSFLOW

Tekmar (#TGP) – debt/equity financing deal exclusivity with a preferred partner extended to 31st March

views

Tekmar – financing ‘exclusivity period extension’, what of approaching 16% share price fall?

Offshore energy technology and services group Tekmar (TGP) has announced a 14 day exclusivity period extension for a preferred financing partner, “with the mutual option to extend for an additional 14 day period if required, to allow the preferred partner to complete its due diligence and finalise its proposal”. What of a current approaching 16% share price fall to 14.5p in response?

NEWSFLOW

Tekmar (#TGP) – financing “preferred partner” due diligence exclusivity period extended by up to 28 days

views

Tekmar – contract award ‘delight’, but what about “the necessary cash”?

Tekmar Group (TGP) states on its cable protection systems business that it is “delighted to receive the award for Dogger Bank C… set to become the world's largest offshore wind farm”. So what of the shares currently responding more than 80% higher to above 12p?

views

Tekmar – renewal of existing facility and financing arrangements, but they insufficient looking ahead?

Describing itself as “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has announced “extension of banking facility… completes the renewal of the group's existing facility and financing arrangements”. So what of a share price currently down to 8.75p?

views

Tekmar – proposed investment for “an ambitious plan for growth”, or needed anyway?

Tekmar (TGP) has announced that a “proposal being considered represents a strategic investment from a global institutional investor in the energy sector, which would provide funding for the company to follow an ambitious plan for growth, both organically and by acquisition”. Sounds good, so what of a currently little changed circa 9.25p share price?

NEWSFLOW

Tekmar (#TGP) – CFO Derek Bulmer to resign as is “to accept another role outside the business”

NEWSFLOW

Tekmar (#TGP) – grants institutional investor 60 days period of exclusivity re. an “investment, at or around the current share price”

NEWSFLOW

Tekmar (#TGP) – loan facility extension, exploring “several” strategic review options