Tiny thread on tiny company: TP Group #TPG
Amongst others, major focuses include life support on submarines, and support on UK military and ESA satellite programmes.
The big attraction? A couple of things - specialism and under-the-radar growth (thank you, I'm here all week)
Amongst others, major focuses include life support on submarines, and support on UK military and ESA satellite programmes.
The big attraction? A couple of things - specialism and under-the-radar growth (thank you, I'm here all week)
Specialism: This isn't a tier 2 or 3 OEM supplier punching out metal shapes; they're high end - carbon scrubbing, hydrogen sequestration, autonomous underwater drones etc.
Not experimental tech, they're in the Dreadnaught programme and all your favourite navies.
Not experimental tech, they're in the Dreadnaught programme and all your favourite navies.
Now winning multiple contracts at a rate of knots.
Grown in good part by acquisition.
£50M cap, £9M cash. Trading roughly a little under FY sales.
Made adjusted op profit of £2.4M on £26M revenues at the half year.
Order intake and book at HY up 33% and 63% to £39M and £79M
Grown in good part by acquisition.
£50M cap, £9M cash. Trading roughly a little under FY sales.
Made adjusted op profit of £2.4M on £26M revenues at the half year.
Order intake and book at HY up 33% and 63% to £39M and £79M
Finally, the CEO has sold defence companies before.
This, the old Corac, feels like a mini QinetiQ #QQ and the kind of tiny specialised company that ought to be attractive to bigger fish.
The contract wins keep coming and at 6.5p, I suspect their future isn't really priced in
This, the old Corac, feels like a mini QinetiQ #QQ and the kind of tiny specialised company that ought to be attractive to bigger fish.
The contract wins keep coming and at 6.5p, I suspect their future isn't really priced in
