Some good news, TPG share price finally taking off up to 7.2p and plenty of volume. Partly thanks to some positive analyst comment on 2020 prospects, and TPG have announced a couple of contract wins E2.2M to renew Eclipse licences for ESA over three years and a £1M in-year contract to supply a CO2 scrubber for a Korean (?) submarine expected to be one of a series of orders. These are expected wins, and not much of a dent into the reported £250M active pipeline, but it is still good to hear the business plan is working and it makes for a pretty good first week of the year.
JDG has settled back from £60 to £50, also on no news or comment and little volume. It might as easily slip back to £40, so still waiting in the wings for real news or a more obviously cheap price.
AFC has strengthened back to 19p having threatened to dive from 15p but no news of commercial progress to follow the marketing fanfare in early December. Hydrogen as a fuel or EV energy source still mostly hot air it seems. Not tempted.
ABDP has settled around 2100p as the market tries to decide if its own good performance prospects will outweigh that it is squeezing it out of a declining struggling automotive sector. Still not tempted. Is BILN similarly held up by performing well in the market for structural steel which is otherwise struggling, hit a plateau at around 370p which is still cheap but might get a boost as the prospect of a 4% Summer dividend comes along.
GBG has settled back to 740p having soared to 800p, on low volumes so this might be an entry/add point before it will take off again. SDI on the other hand has ridden steadily to 80p and held the gains, it is delivering its business plan and has been tipped. HDD however remains stuck on 60p with no interest, and looks cheap at that price.
Not sure where to look next, maybe among the picks of the UK Microcap ITs … missed the boat on AMO, but KAPE has surged to the top of Miton’s holdings thanks to its ambitious acquisitive growth strategy to corner the global secure VPN / private internet access market for end consumers. On the watch list and worth a bit of reasearch into things like how is it going to pay to acquire US company PIA with a similar market cap.