Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Going44Goldon Nov 29, 2024 12:12pm
70 Views
Post# 36337682

Status as of today

Status as of today

Not here to add to the schoolyard fight and call each other names.

What is accurate is that TMG hit a 52 week low this week.  Crossland unwilling to commit to 30% growth, sales are lumpy and dependant on customer fiscal budgets and timing will impact orders.

I initially thought that the November 11th press release was to complement the other sales (New Press Releases) but I think the reality is/was they did not have any additional pending orders and TMG needed to get something out to the investor community to maintain some level of interest before the AGM.

The reality today is 3 orders for 2024 with the largest deal being $2.2M.  At the annual meeting, Crossland talked about 7 PDAs valued at $18M+.  (An average of $2.5-2.6M).

So where are the large orders? Why are the loyal customers not flocking with repeat orders given the strong ROI.  I was honest, I got out @ $0.18 a long time ago and I have been looking for a re-entry point. My internal struggle is where is the floor based on the lack of sales and will TMG be able to grow in 2025 given we have no new projects in the queue to fill the sales funnel for the back half of 2025.

With 3 weeks before the holidays, share price will be challenged with no new announcements so I wait.  I may miss the bottom but I am not willing to sit and wait because the reality is the pipeline needs to be filled to gain investor interest.

GLTA

<< Previous
Bullboard Posts
Next >>