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Describing itself as “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has announced “a significant new contract award to supply 100 Cable Protection Systems for use on multiple offshore wind farms in the Shangdong and Guangdong provinces of China”. What of a current more than 5% higher share price response to 11.375p?

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Energy technology and services group Tekmar (TGP) is pleased to announce a “significant” new contract for an offshore wind farm project and emphasises it “builds on the encouraging contract momentum we have established, highlighted by the record order book of £20.1m we announced with our first half results”. So what of a current share price soaring up towards 12p?

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Previously writing on Tekmar Group (TGP), in November with the shares at 53p I concluded to avoid ( ‘contract award’… but how significant and how’s the financial position?). The shares last closed at 39p and are now slumping below 30p, so what’s going on?...

NEWSFLOW

NEWSFLOW

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Offshore energy markets technology and services provider Tekmar Group (TGP) “is pleased to announce a contract award from Global Offshore to supply Cable Protection Systems for the Arcadis Ost 1 offshore wind farm in Germany”. So what’s the detail and what of the shares, which have currently responded higher to 53p?...

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Tekmar (TGP) “is pleased to announce it has successfully delivered the final batch of Cable Protection Systems for Ørsted's Hornsea Two Offshore Wind Farm”, and the shares have currently responded approaching 6% higher to 45p. So how does the valuation stack up now?...

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Previously writing on Tekmar Group (TGP), which describes itself as “a leading provider of technology and services for the global offshore energy markets”, in December with the shares towards 80p I argued a number of things particularly concerned and saw me avoid. The shares last closed at 48.25p and are currently heading towards 40p on the back of a “trading update”...

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Self-styled “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has updated including October-appointed CEO Alasdair MacDonald emphasising “the fundamentals of this business are strong and I have no doubt that we can capitalise on the structural growth forecast in our core market and deliver sustainable returns for our shareholders” – and the shares have currently responded towards 80p, more than 15% higher...

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Previously writing on self-styled “a leading provider of technology and services for the global offshore energy markets” Tekmar Group (TGP), in May with the shares at 120p I questioned it “well placed to navigate this period of uncertainty” and concluded I currently continue to avoid. Having commenced today at 71.5p, “an update on the new CEO's Review, a trading update ahead of the group's half year results for the six months ended 30 September 2020, and a change to its financial year end”...