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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 Going44Goldon Sep 19, 2024 5:30pm
86 Views
Post# 36231970

RE:2024 Annual FINS Review (downgraded) 3.5 / 5 stars

RE:2024 Annual FINS Review (downgraded) 3.5 / 5 stars

What is clear, the short term is not promising for the TMG share price. Per the report, Q1 sales will be out in 4-5 weeks (closer to 6 I think) and those results will not add a positive spin to dismal sales over the last 6 months. The stock has the potential to pull back into that $0.18 range which I know will not make many happy but the numbers speak for themselves.

All those looking for growth in share price better hope we see a large number of new releases quickly given the length of time to deliver complete POs.  With a slow sales pipeline for the last 2 quarters, I do not see how we get anywhere near the growth that was presented (30%) to allow the company profile to attract new investors. It is not about the longs, it is about attracting new investors to capture the momentum needed to grow the share price. 

not sure how this sales crew works but hard to make money when you are receiving commission cheques.

GLTA

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