Tekmar Group (TGP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 9.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 15.75
  • 52 Week Low: 8.80
  • Currency: UK Pounds
  • Shares Issued: 136.07m
  • Volume: 16,874
  • Market Cap: £12.59m
  • RiskGrade: 392

Tekmar secures 'significant' new contract

By Iain Gilbert

Date: Thursday 04 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Subsea protection systems provider Tekmar Group revealed on Thursday that it had secured a "significant" new contract.
Tekmar said the contract award was for the design and supply of its flagship Generation 10 cable protection system in an "emerging region for offshore wind farm development".

The AIM-listed group stated the contract covers the first phase of the development, with the contract value for the initial phase set to be in excess of £3.5m. Production of the CPS systems was expected to commence in 2024 for delivery in 2025.

Chief executive Alasdair Macdonald said: "This contract helps consolidate our position in a growing and important region for offshore wind and highlights the strength of our established engineering capability in supporting deployment of our core technologies globally.

"It also reflects the strength of our working relationships with project developers and key supply chain partners, where we address customers' complex engineering requirements and optimise and de-risk projects."

As of 0900 GMT, Tekmar shares had surged 15.12% to 11.80p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tekmar Group Market Data

Currency UK Pounds
Share Price 9.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 15.75
52 Week Low 8.80
Volume 16,874
Shares Issued 136.07m
Market Cap £12.59m
RiskGrade 392

Tekmar Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.92% above the market average51.92% above the market average51.92% above the market average51.92% above the market average51.92% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
52.98% below the market average52.98% below the market average52.98% below the market average52.98% below the market average52.98% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income Not Available
Growth
59.11% above the market average59.11% above the market average59.11% above the market average59.11% above the market average59.11% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Tekmar Group Dividends

No dividends found

Trades for 28-May-2024

Time Volume / Share Price
16:13 1 @ 9.48p
16:04 1 @ 9.48p
16:03 1 @ 9.48p
16:01 1 @ 9.48p
16:00 1 @ 9.48p

Tekmar Group Key Personnel

CEO Alasdair MacDonald

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