Added to YB: 2026-06-25
Pitch date: 2026-06-22
TGP.L [neutral]
Tekmar Group plc
Author Info
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Company Info
Tekmar Group plc, together with its subsidiaries, designs, manufactures, and supplies subsea stability and protection technology to offshore energy markets.
Market Cap
GBP 20.3M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-48.50
P/E
-7.81
EV/Sales
0.73
Sector
Energy Equipment and Services
Category
turnaround
Tekmar Group Flash Update
TGP.L (exited position): Selling subsea cable protection leader at 40-45% profit (since May 20). Project Aurora turnaround real w/ £50m+ orders, but 1H26 shifts risk/reward: IFRS 15 trap caused £2.1m cash outflow (vessel delays); margin fell to 30.5% (needs ~38% H2); cash down to £1.9m, Oct £4m loan renewal risk (15% chance, 20%+ dilution). Will buy back if Oct clears.
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