Shares in defence and aerospace consulting and technologies group TP (TPG) are currently more than 177% higher today at 2.15p on the back of business and takeover announcements. Good news for shareholders then?
Previously writing on consulting, software and technologies group TP (TPG), in June with the shares down to 1.25p I noted worsening confidence and results delay. The shares last closed at 1.875p, but are currently back below 1.5p following the delayed 2021 results announcement.
Previously writing on TP Group (TPG), last week with the shares down to 1.85p I concluded that troubles are clearly currently ongoing with uncertain limits and, certainly ahead of the further update, I avoid. Now a further update... and the shares further down to currently 1.25p.
TP Group (TPG) has issued an “Extension to Publication of Results”-titled announcement and the shares are down from 2.5p to currently 1.85p in response. So what’s going on?...
Previously writing on engineering and consulting group TP (TPG), last month with the shares at 5.65p I concluded including suggesting many still do not see it as well placed and that it is likely still up against it for the 1st October-scheduled General Meeting. That was with General Meeting requisitioner and largest shareholder Science Group (SAG) seeking to replace Andrew McCree and Jeremy Warner-Allen as directors with Science Group Chairman Martyn Ratcliffe and non-executive director Peter Bertram. Following the General Meeting, there’s now a further update from Science Group.
Previously writing on TP Group (TPG) I noted it has particularly 14th September-scheduled half-year results to further detail the revised strategy and show it is indeed well placed, but I suggest it is currently up against it for the 1st October-scheduled General Meeting. So what of the now-released interims?...
Previously writing on TP Group (TPG), I noted it will be interesting to see what Science Group (SAG) hits back with at the General Meeting notice defence. Today Science Group has hit back...
Previously writing on TP Group (TPG), last week I noted Science Group (SAG) considered that a boardroom change General Meeting requisition notice “should be despatched to TP Group shareholders by no later than Monday 6 September 2021 and convened on or before 4 October 2021. Science Group anticipates making further statements in relation to the TP Group general meeting in due course”. TP Group has now announced that the notice has been posted and its defence against the resolutions...
Science Group (SAG) has announced the withdrawal of its indicative offer for TP Group (TPG) and that it currently no longer intends to make an offer. I previously suggested Science Group won’t go away quietly here, though is that now to be the case?...
Writing on TP Group (TPG) yesterday I concluded that ‘the latest suggests interest from Science Group (SAG) still at 6.5p+ and, though there is still clear risk with the current TP Group board stance and the other shareholdings, the Science Group track record and a current 6.1p offer price suggest the shares here could be worth a small speculative buy. Oh, and still how about updating that ‘our shareholders’ website too?!’. Science Group has today made a further statement.
Previously writing on TP Group (TPG), last week with the shares at 5.25p I concluded that I again suggest swift changes are needed. These are already looking to be forced with a boardroom change General Meeting requisition from Science Group (SAG) and the shares currently remain on the watchlist, whilst the group might also want to get round to updating its ‘our shareholders’ website too! Science Group has since announced a further acquisition of shares, so what’s the situation now?...
I wrote yesterday on TP Group (TPG) what we've got here is failure to…‘engage in a constructive manner’, concluding that it should engage with Science Group (SAG) given financial concern and the track record. Today from TP Group “Statement on Rejection of Indicative Proposal”.
Previously writing on defence, aerospace & energy technology and services group TP (TPG), last week with the shares at 5.2p I suggested further swift changes are needed from TP Group otherwise Science Group may well be able to negotiate a very hard bargain indeed. Today a further statement from Science Group (SAG)...
Following Science Group (SAG) informing that it had acquired a 10.2% shareholding, TP Group (TPG) has noted “recent speculation and announces that it has received an approach from Science Group plc regarding a possible offer” – and Science Group has responded. With shares in TP Group currently up 33% at 5.2p, what’s the detail?...
Previously writing on Defence, Aerospace & Energy technology and services group TP (TPG), last month I reviewed why the shares were slumping from 5.65p as it argued “a resilient performance”. The shares are currently up more than 13% today, to 3.75p, on the back of an “Appointment of CEO and Maritime Sale Update” announcement. So what is the latest detail?...
