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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 Jul 23, 2024 7:56am
78 Views
Post# 36143873

RE: Stones

RE: Stones

I found a bit more detail in this one but still missing the important stuff we discussed before.

You highlighted a couple of things.  Two "recently" obtained orders and sales people for France.  For the latter, I thought I had heard of that before.  But for the former, if they are recent as in since the last NR, then I have no idea why they think those are not news worthy when they know that everyone is miffed by the "strong demand" but months without sales contract announcements. I cannot think of a bigger PR miss than that especially considering the poor stock performance over the past couple of months.  Yes, Mr. Crossland exceptional stock performance can be later described as poor.

In terms of innovation, I was looking for the new HVAC product offering mentionned in the Glove and Mail piece and not just internal productivity tools.  

All in all, I think we have to get use to the idea that we are not going to get the kind of info that many of us would like and think is needed to see the SP move up ahead of results.  So, we will have to wait for them with some uncertainty as to what management considers as continuing strongly when we still see some lumpy periods where that strong demand and execution does not come screaming out at us.

i don't expect much impact from this NR.  But I do hope they realize that silence on the sales front is not a good thing for a publicly traded company.  Not holding my breath though because key management has been at this for a decade and a half now.  Needlessly frustrating IMO.

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