TP Group (TPG)

Sector:

Defense and Aeronautics

Index:

FTSE AIM All-Share

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

TP Group margins impacted by Covid-19 pandemic

By Iain Gilbert

Date: Tuesday 26 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Mission-critical solutions provider TP Group said on Tuesday that the Covid-19 pandemic had impacted margins within certain programmes across the group during 2020.
TP said the Covid-19 pandemic continued to influence some of its global and domestic projects due to ongoing travel restrictions, weighing on both its supply chain and customer engagement.

While the AIM-listed group did highlight some improvement to both gross profit and adjusted operating profit margins during the second half of 2020, unaudited revenues for the year were expected to be roughly £58.0m, slightly down from £58.2m, and unaudited adjusted operating profits were pegged to be approximately £3.8m, a marked reduction on the £5.9m recorded in 2019.

TP noted that business activity was "robust" in the last quarter of 2020, a trend that has continued in the early weeks of 2021, with the firm's forward order book growing year-on-year from £63.8m to around £69.0m.

Looking forward, TP said it remained confident of its resilience for the future and stated it will continue to pursue opportunities to develop the business through organic growth and added value acquisitions.

As of 1055 GMT, TP Group shares were down 7.72% at 6.32p.

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TP Group Market Data

Currency UK Pounds
Share Price 3.85p
Change Today -0.100p
% Change -2.53 %
52 Week High 8.35
52 Week Low 3.80
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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