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(TPS.L) Turbo Power Systems Inc Buy/Sell

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Summary

Current Market Information

Time: 04:49 (Market Closed)

Bid	1.40
Ask	1.50
Price	1.45
Previous	1.45
Change	+0 p (0.0000%)
Last Trade	1.45 (16:30:02)
Trading Vol.	37,891
Today's High	1.45
Today's Low	1.40

52 Wk Low	0.75
52 Wk Low	(25/03/2009)
52 Wk High	2.49
52 Wk High	(30/07/2009)
52 Wk Change	+0.42
52 Wk Change	(+41.46%)
4 Wk Volume	1,549,249
ISIN Number	CA8999101030
Currency	GBX

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Recent News
Date/Time	Headline	Source
17-02-10	Turbo Pwr Systems - Appointment of Nominated Adviser & Broker	RNS
RNS Number : 3015H Turbo Power Systems Inc 17 February 2010 17 February 2010 Appointment of Nominated Adviser and Broker The board of Turbo Power Systems Inc is pleased to announce the appointment of JMFinn Capital Markets Limited ("FinnCap") as its Nominated Adviser and Broker with immediate effect. For further information, please contact: `Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460` Richard Bayliss `Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800` Ken Cronin Michael Turner `FinnCap (Nominated Adviser Tel: +44 (0)20 7600 1658` and Broker) Corporate Finance Marc Young Henrik Persson Corporate Broking Brian Patient Stephen Norcross This information is provided by RNS The company news service from the London Stock Exchange END APPGGUWPPUPUGAM More
08-02-10	Turbo Pwr Systems - Issue of Equity	RNS
RNS Number : 7853G Turbo Power Systems Inc 08 February 2010 8 February 2010 Issue of Equity and 2005 Loan Note Redemption The Board of Turbo Power Systems ('TPS' or 'the Company'), the innovative power generation and conditioning equipment supplier, announces that it has applied for 3,953,488 common shares of no par value ("Common Shares") to be admitted to AIM. These shares, ranking pari passu in all respects with the existing shares in issue, are being issued as a result of the conversion of Convertible Loan Notes having an aggregate principal amount of £85,000, which were issued as part of the £8,000,000 financing announced on 14 March 2005 (the "2005 Loan Notes"). It is expected that admission and dealings will become effective at 8.00 a.m. on 15 February 2010. Following the passing of the Loan Note Holders' resolution on 23 December 2009, 41% of the then outstanding 2005 Loan Note holders (including the allotments referred to above) elected to convert their loan notes to equity at a conversion rate of £0.0215, for which an aggregate of 34,186,049 Common Shares have been allotted. The Company has redeemed the remaining loan balance of £1,054,000 at an agreed redemption rate of 20%, a total outlay of £210,800. This payment and the related equity issues under the conversion requests have resulted in the full and final satisfaction of the 2005 Loan Notes. For further information, please contact: `Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460` Richard Bayliss `Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800` Ken Cronin Michael Turner `KBC Peel Hunt Ltd (Nominated Adviser Tel: +44 (0)20 7418 8900` and Broker) Daniel Harris Nicholas Marren This information is provided by RNS The company news service from the London Stock Exchange END IOEKKPDPABKDFBK More
28-01-10	Turbo Pwr Systems - Issue of Equity	RNS
RNS Number : 2295G Turbo Power Systems Inc 28 January 2010 28 January 2010 Issue of Equity The Board of Turbo Power Systems ('TPS' or 'the Company'), the innovative power generation and conditioning equipment supplier, announces that it has applied for 9,069,769 common shares of no par value ("Common Shares") to be admitted to AIM. These shares, ranking pari passu in all respects with the existing shares in issue, are being issued as a result of the conversion of Convertible Notes having an aggregate principal amount of £195,000 which were issued as part of the £8,000,000 financing announced on March 14, 2005. It is expected that admission and dealings will become effective at 8.00 a.m. on 4 February 2010. For further information, please contact: `Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460` Richard Bayliss `Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800` Ken Cronin Michael Turner `KBC Peel Hunt Ltd (Nominated Adviser Tel: +44 (0)20 7418 8900` and Broker) Daniel Harris Nicholas Marren This information is provided by RNS The company news service from the London Stock Exchange END IOEKKODNABKDNDB More
31-12-09	Turbo Pwr Systems - Total Voting Rights	RNS
RNS Number : 6857E Turbo Power Systems Inc 31 December 2009 31 December 2009 Turbo Power Systems Inc. ("the Company") Total Voting Rights and Share Capital The Company announces that the total number of common shares of no par value of Turbo Power Systems Inc. in issue at the date of this notice is 341,397,222 with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 341,397,222. The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. For further information, please contact: `Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460` Richard Bayliss `Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800` Ken Cronin Michael Turner `KBC Peel Hunt Ltd (Nominated Adviser Tel: +44 (0)20 7418 8900` and Broker) Daniel Harris Nicholas Marren This information is provided by RNS The company news service from the London Stock Exchange END TVRBRBDDCSDGGCX More

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Date/Time	Subject	Author
Tue 10:01	Re: Going concern	forwardloop


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	Don't know about that - maybe. Especially since orders are on the up, costs held and profitability now looks close. The $ / £ exchange rate continues to favour as well. We have cash but it is tied up in escrow. All looking good. But with the draw down of the loan at 2.15 p / share & its renegotiation thenhighlight the concerns - hence the caveat to the accounts. What concerns me is the inability of share holders to exercise any control . We are merely hangers-on on any decisions taken eg on loans or share issues. If the latter then the share price is down - so that will mean dilution. So often in the past companies make a placing at a discount to secure success, in which Directors participate, but PIs are excluded on cost grounds. So we get stuffed. So against a positive backdrop that is my concern here. FWD More \| View thread (3) \| Respond \| Login to Vote up
Mon 22:44	HOLD Re: Going concern	Rolix


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	Somebody is playing durty games... Main point to wiev is looks like will folow take over in very nearest future, then all this make sence. More \| View thread (3) \| Respond \| Login to Vote up
Mon 21:24	Going concern	forwardloop


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	Q3 results - loan notes renegotiation - appointment of Finn cap All smacks to me of a share issue. Read big dilution I fear, even though prospects do appear to be improving Was going to top up but I am holding off just now. *************** Going Concern These consolidated financial statements have been prepared on the basis of Canadian generally accepted accounting principles ("Canadian GAAP") applicable to a 'going concern', which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations. As at 30 September 2009 the Company had incurred net cash outflows from operations therefore may require additional funding which, if not raised, may result in the curtailment of activities. The Company has incurred cumulative losses including a loss of £0.90 million in the first nine months of 2009 and has a cumulative deficit of £73.18 million as at 30 September 2009. On 23 June 2009 the 2008 Loan Note Holders agreed to amend the terms of the 19 June 2008 loan agreement, as detailed in the Convertible notes disclosure within this MD&A, to temporarily remove the requirement to maintain a cash balance in excess of £750,000 until 31 December 2009, in order to allow more flexibility in working capital. As part of this agreement the Board has undertaken, within 2009, to address its future plans for repayment of all existing Loan Notes. Discussions with the loan note holders regarding arrangements for repayment of existing Loan Notes are progressing and the Board expects to make a further announcement on this subject in the near future. At 30 September 2009 the Company had an unrestricted cash balance of £0.53 million and held restricted cash of £1.04 million associated with performance bonds. The Company's ability to continue as a going concern depends on its ability to generate positive cash flow from operations or secure additional debt or equity financing. Management regularly reviews and considers the current and forecast activities of the Company in order to satisfy itself as to the viability of operations. These ongoing reviews include consideration of current order book and future business opportunities, current development and production activities, customer and supplier exposure, loan repayments and forecast cash requirements and balances. Based on these evaluations management consider that the Company is able to continue as a going concern. There can be no assurances that the Company's activities will be successful or sufficient and as a result there is doubt regarding the "going concern" assumption and, accordingly, the use of accounting principles applicable to a going concern. These consolidated financial statements do not reflect adjustments that would be necessary if the "going concern" assumption were not appropriate. If the "going concern" assumption were not appropriate for these consolidated financial statements, then adjustments to the carrying values of the assets and liabilities, the reported expenses and the balance sheet classifications, which could be material, would be necessary. More \| View thread (3) \| Respond \| Login to Vote up Get Level 2 now for only £20.00!
Mon 18:04	together	staffai


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	together we should all pray for bad new if the news is good the sp is bound to fall !!!!!!!!!!!!!!!!! More \| View thread (1) \| Respond \| Login to Vote up

The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.

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