TPP - Engineering, Maintenance and Construction Services
- Market cap at 13 million, has tripled in the last month with the three bag coming on good volume. - Whilst some point to a fall away in MS activity in WA, some recent "incidents" involving other contractors has breathed a bit of life into the sector. Also alot of contracting talent on the market looking for a new home. - Management has some notable names, with some solid contacts in the MS game in WA, Carmelo Bontempo, former founder of UGL, formely known as United Construction Holdings. Carmelo was also a MD for Monadelphous in years gone by. Richard Wright is also on the board as a Non exec, another respected construction player here in WA, with Nick Bowen, former MD of Macmahon also on board. Seriously well connected board and the recent price jumped on virtually no news, is perhaps the best indicator that news is coming.
Nothing more than a punt, but a matter of putting the dots together.
