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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by Fineganon Jan 30, 2020 12:33pm
101 Views
Post# 30620466

We need more orders urgently

We need more orders urgentlyto supplement the existing 8.2M backlog which at current revenue levels is approximately 4 months worth of work.  If Thermal is to maintain or exceed its current revenue levels for the remainder of the year then more orders are required.  We are due for a new order (news release) and I for one hope it is a substantial contract.  The other area where the company could improve is with margins.  Improved sales volumes should provide some economies to improve margins but the company has to provide this clarity.  I also note that Cannacord (33) has not picked up any shares at 9 cents or above.  Are shareholders to assume that the company's fair value for the stock is at 8.5 cents?  Today is a slow day perhaps due to the impacts of the Chinese virus on the markets.  Still positive on this long overdue rally.  Let's see what happens in the next few days.  Finnegan
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