RE:IR is reaching out ....Oh Lord , where to start here.
This article from Linkedin was in the Globe and Mail weeks before the company got around to posting it .
Roughly two and a half weeks ago , I posted a simple yes/no question about the Curtiss Wright agreement and whether certification was needed for nuclear plants ( non operational data). No answer.
i won't say this is the worst iR , i've ever experienced , that belows to Think Research which wouldn't acknowledge me on a conference call, whose IR guy did not repond to repeated e mails , follow up phone calls (3) to his press release phone number which did not even have his name attached to the number and who did not respond to forwarded copies of my emails for a big 5 bank broker I know. In addition Think had a phone directory with just two names active , neither of them the iR guy and I couldn't figure out if there was a switchboard.
IMO, Thermal Energy Intl.has a barely active IR department ( did get one answer to a simple question about the CC from them which took a couple of weeks ) and a slightly more passable promotional department.
The press release as Albert ESG? pointed out has a probable deceleration is order intake .I'm still trying to square "order intake this year is up a further 9% to $29.7 million compared to $27.3 million the year before."
"As a result, we are starting our new fiscal year with an unprecedented order backlog, up approximately 40% compared to a year earlier."
The more I think about it , the more it seems to me that management is using two different types of years and making a comparision,
The first 9% growth rate is January - June , 2024. Calandar year.
The second is the fiscal year.
Now the IR question here is which one of the two you want to highlight - the weaker disappointing comparision or the better year over year 40% number with all those highlights -"Notably, we had our highest ever annual order intake for turn-key heat recovery solutions, record order intake for our wholly owned subsidiary, Boilerroom Equipment, Inc., as well as the second-highest annual order intake for our GEM business."?
This would seem to be a simple question to answer ; unless management is trying extremely hard to underpromise and then beat expectations. Or it could TMG as a manufacturing company lack some capital markets skill/understanding ?
I've said enough , still believe in the company's promise.
Enjoy the rest of the weekend.