Market's view on Tpximpact Hldg
Published on April 2024
- The new procurement Bill may negatively impact TPX as it is not an SME, while the Bill aims to simplify processes and boost SME participation in government contracts.
- Companies presenting financials in EBITDA format are generally advised to be avoided.
- A trading report shows positive direction but is restrained by high debt levels and low gross margins, suggesting the need for a significant overhaul or potential acquisition to manage the company more effectively.
- Positive interim results have been reported with substantial revenue growth and improved EBITDA margins. The company also confirmed the disposal of its Norway branch.
- It’s unusual for TPX to issue trading updates coinciding with other company announcements, raising suspicions of strategic timing.
- Full-year results presentations highlight continued business challenges and strategies.
- Despite operational improvements, there are still concerns about TPX’s financial stability and management, particularly regarding debt management and contract profitability.