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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 Dragunovon Jun 01, 2024 9:19pm
76 Views
Post# 36067933

RE:RE:RE:RE:RE:RE:Going back down to single digits!

RE:RE:RE:RE:RE:RE:Going back down to single digits!
Mostlyserious wrote:

I hear you. I think Therrmal should be doing better by this time after the 2010-2020 decade, and I was no patient fan.  There's no going back in time.  But, the performance over the last few years is not quite as you describe it in terms of "sales barely change".  The bottom line last Q is not fantastic but a decision was made to spend money to make money.  They are still not running losses and having to continually search for funding.

i guess we will just have to wait to see how good our individual calls are.  But I would suggest it not be a wait of a couple of weeks or a couple of months. 


 


I hope you're right. I wish you the best with your investment in TMG, but I just don't have any faith in the company with Crossland at the helm. Last time I got in, I had to endure several years of his BS and bagholding.

A couple of questions, if you don't mind:
- why isn't TMG selling in North America? Canada?
- given the meager NI, what do you figure the P/E ratio is fair?
- why are PDAs so slow to fruition? Do you think the new facility and extra staff will change that in 2024 or later?

Thank you
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