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Tekmar Group PLC Ord 1P (TGP)

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13-Jun-2022 11:08 AM

Tekmar launches formal sale process as interim loss widens

Tekmar Group PLC on Monday said its half-year results highlighted the ‘continued challenging environment’ it has operated under in the past two years and announced the launch of a formal sale process as a result. In the six months
25-May-2022 11:56 AM

IN BRIEF: Tekmar shares rise on new US offshore wind farm contract

Tekmar Group PLC - Darlington-based offshore energy industry services provider - Wins a deal to provide an integrated engineering solution for an offshore wind farm in the US in 2023. The contract with an undisclosed sum ‘strengthens our position
16-Mar-2022 01:57 PM

IN BRIEF: Tekmar gets 15% take-up of open offer after share placing

Tekmar Group PLC - Darlington-based offshore energy industry services - Open offer of shares raises £149,796, as shareholders apply to buy 332,881 new shares at 45 pence each. That was just under 15% of the shares on offer. The open offer was in a
01-Jun-2021 09:06 AM

Tekmar swings to first-half loss as pandemic weighs on order intake

Subsea cable protection group Tekmar swung to a first-half loss as the pandemic weighed on its order intake. Pre-tax losses for the year through March amounted to £2.5 million, compared to a year-on-year profit of £2.0 million. Revenue fell
08-Jan-2021 01:13 PM

Tekmar wins £4m offshore contract

Tekmar Group has won a £4 million contract via its subsidiary Pipeshield International. The contract is with a major quay development project to design, engineer and manufacture subsea scour protection. This is the largest contract Tekmar Group h
15-Oct-2020 09:22 AM

Tekmar appoints chairman MacDonald to CEO role

Energy technology company Tekmar has appointed Alasdair MacDonald as chief executive officer. MacDonald was previously executive chairman, leading the company since founder and CEO James Ritchie stepped down in August. MacDonald was also the company&apo
03-Aug-2020 09:30 AM

Tekmar profit edges lower as expenses offset 46% rise in revenue

Undersea cable protection group Tekmar booked a slight fall in annual profit as expenses offset a rise in revenue. Pre-tax profit for the year through March fell to £1.96m, down from £1.99m on-year, even as revenue rose 46% to £40.9m.
05-May-2020 07:42 AM

Tekmar annual revenue rises 40%; sees resilient offshore wind demand

Subsea cable protection group Tekmar said it expected to post a 40% rise in revenue for the financial year just completed, and said current demand in the offshore wind sector remained strong. The revenue increase for the year through March was achieved d
26-Mar-2020 04:20 PM

Broker Forecast - Berenberg issues a broker note on Tekmar Group Plc Ord 1p

Berenberg today reaffirms its buy investment rating on Tekmar Group Plc Ord 1p (LON:TGP) and cut its price target to 125p (from 165p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
19-Feb-2020 08:00 AM

Broker Forecast - Berenberg issues a broker note on Tekmar Group Plc Ord 1p

Berenberg today reaffirms its buy investment rating on Tekmar Group Plc Ord 1p (LON:TGP) and cut its price target to 165p (from 180p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
18-Feb-2020 07:26 AM

Tekmar warns of flat earnings performance after coronavirus hit

Underwater cable protection systems provider Tekmar warned of a flat annual earnings performance following delays and supply issues caused by China's response to the coronavirus. In a trading update for the year through March, Tekmar said all of its
04-Dec-2019 08:10 AM

Broker Forecast - Berenberg issues a broker note on Tekmar Group Plc Ord 1p

Berenberg today reaffirms its buy investment rating on Tekmar Group Plc Ord 1p (LON:TGP) and raised its price target to 180p (from 160p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Dec-2019 07:52 AM

Tekmar swings to profit as revenue more than doubles

Subsea protection system provider Tekmar swung to a first-half profit after its revenue more than doubled. Pre-tax profit for the six months through September amounted to £0.83m, compared to a loss of £2.61m on-year. Revenue jumped to £
29-Apr-2019 08:23 AM

Tekmar sees annual results meeting market expectations

Subsea cable protection system provider Tekmar Group said it expected its annual results to be in line with market expectations. Tekmar said it would release its results for the year through March on 25 June. At 8:23am: (LON:TGP) Tekmar Group Plc Ord 1
04-Dec-2018 09:21 AM

Tekmar swings to first-half loss as contract delays sink revenue

Undersea cable protection system supplier Tekmar Group swung to a first-half losses after it won less large contracts. Pre-tax losses for the six months through September amounted to £2.5m, compared to a marginal profit on-year. Revenue fell 38% t
27-Jul-2018 10:10 AM

Broker Forecast - Berenberg issues a broker note on Tekmar Group Plc Ord 1p

Berenberg today initiates coverage of Tekmar Group Plc Ord 1p (LON:TGP) with a buy investment rating and price target of 200p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...

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