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Tekmar – interims. Given the recent listing should be fine, surely?

By Steve Moore | Tuesday 4 December 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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?...

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