Tekmar Group (TGP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

9.10p
   
  • Change Today:
    -0.15p
  • 52 Week High: 15.75
  • 52 Week Low: 8.80
  • Currency: UK Pounds
  • Shares Issued: 136.07m
  • Volume: 204,478
  • Market Cap: £12.38m
  • RiskGrade: 392

Tekmar Group secures contracts totalling £6m

By Iain Gilbert

Date: Monday 08 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Offshore energy products group Tekmar said on Monday that it has recently secured a number of contract awards, with a cumulative value of approximately £6.0m.
Tekmar said its Pipeshield International subsidiary had been awarded contracts with a combined value in excess of £4.0m, with the company set to manufacture and supply concrete mattresses and sleepers to support subsea pipelines, PRP rock bags and lifting equipment rental. The contracts were scheduled for delivery in the current financial year.

The AIM-listed group also noted that its offshore wind business had secured a contract award of approximately £2.0m with a tier-one offshore wind contractor for the design and supply of its flagship Generation 10 cable protection system product and associated ancillaries. Delivery of the CPS systems was scheduled for September 2025.

Chief executive Alasdair MacDonald said: "These contract wins highlight a number of the themes we outlined in our recent results: we are continuing to secure contract volume on more favourable terms and our pipeline and enquiry book remains healthy across the group. Additionally, our Pipeshield business continues to win significant and profitable contracts balancing our offshore wind opportunity and building on its strong performance in 2023."

As of 1040 BST, Tekmar shares were up 11.92% at 9.85p.

























Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 9.10p
Change Today -0.15p
% Change -1.62 %
52 Week High 15.75
52 Week Low 8.80
Volume 204,478
Shares Issued 136.07m
Market Cap £12.38m
RiskGrade 392

Tekmar Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.65% above the market average51.65% above the market average51.65% above the market average51.65% above the market average51.65% 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
54.09% below the market average54.09% below the market average54.09% below the market average54.09% below the market average54.09% 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
59.08% above the market average59.08% above the market average59.08% above the market average59.08% above the market average59.08% 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 29-May-2024

Time Volume / Share Price
13:55 211 @ 9.48p
12:30 3,260 @ 9.00p
08:52 200,000 @ 9.50p
10:03 211 @ 9.48p
09:48 777 @ 9.28p

Tekmar Group Key Personnel

CEO Alasdair MacDonald

Top of Page