Tan Delta Systems – interims argue “a strategic market position with a compelling offer”. Really?

Most recently on equipment monitoring and maintenance systems company Tan Delta Systems (TAND), in May with the shares up to 33p I wrote ‘how much is new order received really “of particular note”?’ concluding ‘a still above £24 million market cap, still ANOTHER of the last few years’ IPOs to sell’. The shares most recently closed at 28p and what about now first half of 2026 results… and the shares currently at 22.5p?

Tan Delta Systems – how much is new order received really “of particular note”?

Describing itself as “a leading provider of intelligent real time sensor based monitoring and maintenance systems for commercial and industrial equipment”, Tan Delta Systems (TAND) has issued an order announcement emphasising “another example of a successful transition from technology and product evaluation phase into rollout. This customer is of particular note given the scale of their global operations… this is one of many opportunities that we have in progress”. What about the details from a currently up to 33p share price?

Tan Delta Systems – argues phase 2 trial “another very significant future opportunity”, but what about an approaching 60% higher share price response?

Tan Delta Systems (TAND) has issued a “Phase 2 trial with global online retailer” announcement including that “phase 1 saw the installation and operation of sensor systems on five of their gearboxes in one distribution hub… Phase 2, will see this expanded to more gearboxes in multiple distribution centres, both in Europe and USA along with some data analytic integration. The first purchase order for Phase 2 was received in this month… This customer has tens of thousands of critical gearboxes across its distribution estate”. What about a current 58% higher share price response to 39.5p?

Tan Delta Systems – how ‘exciting’ is its “new strategic partnership agreement”?

Describing itself as a “technology leader in real-time oil condition monitoring”, Tan Delta Systems (TAND) is “excited to announce a new strategic partnership agreement between Tan Delta and Core Arabia, a member of the Zahid Group of companies to market our cutting-edge oil condition monitoring technology across Saudi Arabia and Bahrain”. How ‘exciting’ does this look for Tan Delta from a current 17.5p share price?

Tan Delta Systems – trading warning, and not its first despite only listing on AIM in August last year!

Describing itself as “a leading provider of intelligent monitoring and maintenance systems for commercial and industrial equipment”, Tan Delta Systems (TAND) has issued a “Trading update” at 7:28am (couldn’t get it out for the usual 7am?) commencing “Due to a delay in some specific pipeline orders the company's financial results will be lower than market expectations”. What of the financial specifics and a current around 25% lower to 17.5p share price response?

Tan Delta Systems – trading warning, IPO just in August “a great deal for the business and for the new investors” hey?!

Describing itself as “a leading provider of intelligent monitoring and maintenance systems for commercial and industrial equipment”, Tan Delta Systems (TAND) has issued a “Trading update” which currently sees the shares more than 4% lower at 22p. What of this from a company which only in August 2023 was giving “a huge thank you to Zeus for their efforts in securing a great deal for the business and for the new investors, without their relentless efforts we would not have successfully navigated the whole IPO process”?

Tan Delta Systems (#TAND) – projects delays mean 2023 revenue is expected to fall to approx. £1.44m