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Tekmar Group (TGP) Share News

IN BRIEF: Tekmar jumps on GBP3.5 million contract win

4th Jan 2024 10:34

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Wins contract for the design and supply of its flagship Generation 10 cable protection system and associated ancillaries in an "emerging region for offshore wind farm development." The contract covers the first phase of the development, with the contract value for this initial phase over GBP3.5 million. Production of the CPS systems is expected to commence in 2024 for delivery in 2025. Read More

Chamberlin sees "new levels of growth" thanks to record November

15th Dec 2023 09:47

(Alliance News) - Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development. Read More

IN BRIEF: Tekmar Group rises on GBP2.5 million contract

16th Nov 2023 12:12

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Inks new contract worth over GBP2.5 million. The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules and associated ancillaries for a significant subsea project in the Middle East and is expected to be delivered in the second quarter of 2024. Read More

TRADING UPDATES: Billington on track to beat 2023 expectations

14th Nov 2023 14:19

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Tekmar agrees banking facilities renewals; trading in line

28th Jul 2023 11:56

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Agrees a renewal of its existing banking facilities with Barclays Bank PLC, part of Barclays PLC. Says the trade loan facility is extended until June 15, 2024, maintaining a facility of up to GBP4 million which can be drawn against supplier payments. Also says GBP3 million term loan facility under UK government's coronavirus business interruption loan scheme is extended by a further 12 months until October 31, 2024. Read More

LONDON MARKET MIDDAY: Shock inflation reading puts pressure on BoE

21st Jun 2023 12:09

(Alliance News) - Stock prices in London were mixed at midday Wednesday, as investors digest a hotter-than-expected UK inflation reading and what that means for the Bank of England. Read More

IN BRIEF: Tekmar shares surge as interim loss narrows on revenue jump

21st Jun 2023 10:23

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Posts revenue of GBP17.7 million for six months ended on March 31, up 36% from GBP13.0 million the year before. Pretax loss narrows by 44% to GBP1.8 million from GBP3.2 million, as operating loss reduces by 45% to GBP1.7 million from GBP3.1 million. Looking ahead, expects business to break even at an adjusted earnings before interest, depreciation and amortisation level for the current financial year, with revenue in the region of GBP40 million, of which over 90% is already secured. Read More

Tekmar inks GBP5 million contract for cable protection products

31st May 2023 11:27

(Alliance News) - Tekmar Group PLC on Wednesday said that it has signed a "significant" new contract award with a total value in excess of GBP5 million. Read More

IN BRIEF: Tekmar concludes sale process after securing funding

20th Apr 2023 18:44

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Announces that following the completion of a GBP4.3 million initial investment by SCF Partners and Steve Lockard and a placing and retail offer of GBP2.1 million with shareholders, together with a committed GBP18 million convertible loan note facility from SCF, the company's strategic review has concluded. Further, notes this concludes the formal sale process. As a result, Tekmar is no longer considered to be in an "offer period" as defined by the takeover panel. Read More

AIM WINNERS & LOSERS: Trakm8 seals deal; Dekel cashes in on cashews

20th Apr 2023 11:03

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Tekmar raises GBP114,585 via retail offer of shares

18th Apr 2023 15:28

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Raises gross proceeds of GBP114,585 via retail offer of 1.3 million shares subscribed to by retail investors at 9 pence each. Admission of shares is expected on Thursday. Read More

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