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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

Comment by Mostlyseriouson Jan 25, 2023 6:54am
97 Views
Post# 35244428

RE:RE:Someone recently pointed out that investors should not

RE:RE:Someone recently pointed out that investors should notThat may be the concern.  Quick start and then a sputtering finish. Also, 2022 is not much of a benchmark year.  Need 60%+ growth to get us to pre-pandemic. Many of the big companies in the industrial sector have surpassed pre-pandemiic levels in 2022.

But, as you say, it is early in the new year, and a good apurt can allay those concerns.  And many of us would like to see those concerns disposed sooner rather than later. 

I think that is also needed for the rightly-focussed IR roadshow.  Serious investors will spend some time studying the prior results in their background checks and they will likely see the feast-or-famine history.

I am cautiously optimistic that this time, finally, the historical pattern will change and once we beat pre-pandemic as these sales filter through the financials, they can hit that 30% CAGR going forward on a more meaningful and profitable base year.

Today is a good day for some sales news, because we will get other news any day now, for sure.

panapple42 wrote:
Finegan wrote: underestimate the company's ability to disappoint.  Here we are again today in the midst of another drought in contract announcements.  I had a feeling this was going to happen.  Every year the company announces a flurry of contracts before the AGM, it seems in order to appease shareholders and then a draught follows.  Looks like this year is no different.  I still believe that the problem is management and that changes need to be made.  I'm not holding my breath.  Poor company performance is reflected in the stock price once again.  It would seem that the flurry of contracts was simply due to the backlog caused by the pandemic. Its over now back to the humdrum once again.

2023 sales have surpassed 2022 sales IN the FIRST 6 MONTHS!  
disappointed?  Hmmm.


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