Trading Summary - June 8 Excellent further upwa
Post# of 2306
Excellent further upward progress for $TMPS today while we await the announcement of the 2 (or possibly more) companies being awarded contracts in the USN 2020 Multi-Award Contract (MAC) and details of the US TRANSCOM / USAF Air Mobility Command solicitation on a separate contract expected this month.
At the open, more .1800s were bought.
A moron then tried putting a walked down ask at .1750 - and 2 x small paint downs of 150 shares at .1650 and 1 share at .1600 - in an attempt to get a bid fill lower.
The walked down ask then lost 17,000 shares to ask hits.
I pointed out in the last report that the price difference between .1500 and .2000 really wasn't worth bothering about at .3 - let alone .5 / .75 / $1 - but the moron persisted and lost his shares at just the wrong time.
The .1800s and .1900s were then taken out with a hail mary buy set at either .1900 or .higher and .2000 was up on 9,208 bought.
Overall, 27,484 shares were traded today - at prices as follows:
.1900: 571
.1800: 9,762
.1750: 17,000
.1650 / .1600: 151 [2 x failed paint down attempts]
Compared to June 5:
.1700: 2,000
.1600 > .1650: 12,928
.1500 >.1550: 35,270
Expect more buying on the ask in the .2000 > .5000 range over the coming days - and .5000 > $1 over the coming weeks.
As always, $TMPS remains extremely thin all the way to $1+.
A significant event occurred on June 2 with the solicitation for bids on the USN 2020 MAC being issued and promulgated via upload to the Federal Government contracting website https://beta.sam.gov under reference CAS_AAR_RFI.
Additional detail / comment is here:
https://investorshangout.com/post/view?id=5785039
https://investorshangout.com/post/view?id=5785092
https://investorshangout.com/post/view?id=5785992
See also my additional reminders on the overall outlook for contracted out military AAR here:
https://investorshangout.com/post/view?id=5772351
The Industry Day for a potential 2020 CAS AAR MAC to replace the extant contract awarded to $TMPS (but larger, multi-company and for twice as long) was held on September 12, 2019.
It is still the USN's intent to award a Multi (company) Award Contract (presumed to be $TMPS + Omega as the only large aircraft companies in the field available in the timescale) for AAR in 2020.
Progress of the 2020 MAC staffing that is releasable to the public can be viewed here: [search for reference CAS_AAR_RFI]
https://beta.sam.gov
US TRANSCOM is now in agreement with the USAF that contracted out AAR should be considered to alleviate the shortfall in availability caused by the numerous, long delays to the KC-46A tanker program and has already held an Industry Day which was attended by 14 interested companies.
Some of these were manufacturers for new build aircraft (eg Airbus) and some may be operators of Red Air aggressor fighter aircraft considering buying ex-military tankers to expand their operation - Omega and $TMPS remain the only US companies currently owning military tanker fleets.
A 2nd Industry Day for the US TRANSOM contract opportunity was held on December 17, 2019.
30% of the US TRANSCOM requirement is for "hose-and-drogue" - the type $TMPS can provide.
On March 3, 2020, the USAF briefed the aerospace specialist press about the outcome of the 2nd Industry Day for USAF requirements. This then led to the following articles being written.
An article in Air Force Times on March 26 confirmed that US TRANSCOM / USAF Air Mobility Command was now proceeding to contract out part of the USAF tasks for both "flying boom" and "hose and drogue" methods.
Also, USAF tankers planned to be retired in FY21 may now be kept in the active inventory - which means they will not be available to be sold / passed on to contractors in the near future. This means existing owners of tankers - like $TMPS - have the immediate advantage.
A further article in Flight Global on March 27 confirmed that solicitation of bids would now be as early as June 2020 and that F/A-18 receivers were a priority at IOC within 1 year - which require the "hose and drogue" method.
Progress of the US TRANSCOM / USAF AMC contract opportunity / review staffing that is releasable to the public can be viewed here: [search for referenceTRANSCOM18R013]:
https://beta.sam.gov
The next things we should see are:
- Solicitation for bids for TRANSCOM18R013 in June 2020 - as stated on March 3, 2020 - possibly subject to COVID-19 delays.
- Promulgation of the award for the USN 2020 MAC - announcements of DoD contracts are posted Mon-Fri after 1700 hours EST - check here:
https://www.defense.gov/Newsroom/Contracts/
Also watch for any developments in the UK with wholly owned subsidiary Tristar Air UK Ltd and / or work on the Tristars and / or recruiting of ex-RAF Tristar pilots.
Warning ! Anyone who is seen posting nonsense on iHub on any on the thinly traded stocks I'm a shareholder in - especially when small paint downs are also seen along with undercut asks - can expect to have their user ID passed to the SEC which has now started to take action against those using the exact modus operandi I have detected and commented on for the past 2 years:
https://www.sec.gov/news/press-release/2019-216
Tempus Applied Solutions Holdings, Inc. (TMPS) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.