Technology provider of subsea protection systems, Tekmar Group (TGP) has updated including emphasising its revenue growth and “a record year end Order Book of no less than £10 million”… “despite the lockdown and social distancing measures associated with COVID-19 impacting the group's activity in the heavily Q4 weighted period”. Having commenced April below 100p, the shares have currently responded further higher to 120p...
Subsea protection systems group Tekmar (TGP) has updated including that it “now expects that the group's earnings in FY20 will be broadly in line with those achieved in FY19”. That is with it having announced half-year adjusted earnings per share of 2.2p, comparing to -4p for the first half of the prior year and 6.2p for that full-year – and the shares are currently responding back to around 120p, more than 20% lower…
With the shares down from a 130p per share June 2018 AIM IPO, now a “Notice of Results and Trading Update” from subsea protection equipment group Tekmar (TGP)...
On 20th June James Ritchie, CEO of Tekmar Group (TGP) - “a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services” - hailed the company listing on AIM, with a 130p per share fundraise “well supported by blue chip institutional investors… we firmly believe it will enable us to accelerate our growth and maximise our potential”. The shares closed yesterday at 127.5p – and now a half-year results announcement. Given the recent listing should be fine, surely?...
