TP Group (TPG)

Sector:

Defense and Aeronautics

Index:

FTSE AIM All-Share

3.85p
   
  • Change Today:
    -0.100p
  • 52 Week High: 8.35p
  • 52 Week Low: 3.80p
  • Currency: UK Pounds
  • Shares Issued: 779.18m
  • Volume: 1,218,735
  • Market Cap: £30.00m

TP Group considering sale of maritime engineering business

By Josh White

Date: Wednesday 13 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Defence and energy engineering company TP Group said on Wednesday that it has received expressions of interest for its maritime engineering business, TPG Maritime.

The AIM-traded firm said TPG Maritime, based in Portsmouth, includes manufacturing facilities and technologies to support "mission-critical equipment" for submarines and other applications.

It said that in light of such interest, the board had appointed advisers to review those opportunities and consider the strategic options for its engineering business.

"There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement," the board said in its statement, adding that a further announcement would be made if and when appropriate.

"Any disposal by the group would be in-line with the company's strategy to focus on delivering consulting, digital solutions, advanced-technology, and bespoke engineering to critical programmes in the global defence, space and energy sectors."

At 1156 GMT, shares in TP Group were up 6.18% at 6.48p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TP Group Market Data

Currency UK Pounds
Share Price 3.85p
Change Today -0.100p
% Change -2.53 %
52 Week High 8.35p
52 Week Low 3.80p
Volume 1,218,735
Shares Issued 779.18m
Market Cap £30.00m

TP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.77% above the market average4.77% above the market average4.77% above the market average4.77% above the market average4.77% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Price Trend
94.4% below the market average94.4% below the market average94.4% below the market average94.4% below the market average94.4% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
46.17% above the market average46.17% above the market average46.17% above the market average46.17% above the market average46.17% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TP Group Dividends

No dividends found

Trades for 23-Jun-2021

Time Volume / Share Price
16:08 70,000 @ 3.85p
15:44 13,124 @ 3.81p
15:39 29,498 @ 3.81p
15:38 4,857 @ 3.87p
15:33 20,529 @ 3.81p

TP Group Key Personnel

CEO Philip Cartmell
CFO Derren Stroud

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