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yep - I am baffled by the current price action
Significant market undervaluation at current levels. Big year ahead for TRT one of my top picks for 2022.
thanks for your answer Uggy100 - it's a trading update, so I did not expect much meat on the bone but these few lines read pretty well imo. It does not point to headwinds and mention increase profitability. I topped up too early but still positive
"Revenues in the financial year to date are in line with the Board's expectations and ahead of the level achieved in the equivalent period last year. Trading results to 31 October 2021 were profitable and cash generative, with net cash at 31 October 2021 of £1.34m (30 June 2021: £1.05m). The Board is pleased with overall progress and optimistic about the outlook for the full year and beyond."
I thought the RNS waslacklustre to be honest. Reflected by the current sp. To me it indicated not a great deal of progress
What did I miss? the update and the call were good and bullish... directors buying shares - why the drop?
All investors should watch the webinar on Investor Meet Company
Tradng update due late september so last chance to secure your Golden tickets for what should be a fantastic journey .
In profit after tax . 80% increase in royalties and more to come with Bridgestone's take over of Otraco. Translogik revenue Up 50% and SAW looks good too
welcome back jackdaw26, hopefully more than on track (-;
I first brought this share back in 1999 @ £1.05 per share. And sold out at its peak @ £35.00 made a killing. Transence is still here. I’m now back in hoping for history to repeat itself?
Think this is a hidden superstar in the making (-;
Dyor gla
I think on current revenues and pe price is about right but when I add in potential ongoing increased revenue supported by director buying then I was drawn in enough to buy in knowing I will be in for the next 6 months but if current trajectory is maintained then I believe my patience will be rewarded and sales may go better than expected. Company already reporting sales outstripping projections
Good set of results this morning .Directors buying at 65and 67. Presentation on Investor meet company at 4:00PM
Nicely put. IMO it is looking pretty positive for at least the next few years. The Bridgestone deal seems to be a large derisk (according to the presentation today). I'm not sure the share price is going to rocket, but I think it will creep upwards over the next few years. Fingers crossed for dividends one day...
BTW, the £1.50 exercise price is till *much* lower than the effective £4 share price we had in about 2013. In today's presentation they said it was not impossible to reach £3.50 so who knows.
BTW, they did not answer my question about what when their patents expire and what the effect of that would be! We can't be toooo far from the IP expiring.
Just looking back over the last year
13 Aug 2019 J.C.A with Bridgestone and interest free loan US$ 750,000
19 Feb 2020 David Ford steps down as chairman to focus on iTrack
16 Mar 2020 Further interest free loan from Bridgestone US$1.2 Mil for working capital
25 June 2020 Grants world wide licence for iTrack and transfers the operational business and trading assets relating to iTrack to ATMS Technology Limited a newly-formed wholly owed subsidiary of Bridgestone
1:- US$1.01 MIL and US$1.95MIL loan repayment
2:- Quarterly Royalty payments (First one to be approximately £0.15MIL based on O.T.R. vehicles CURRENTLY utilising the iTRACK system)
3:- Transfer of iTRACK staff including David Ford and Graham Storey
25 June 2020 Nigel Rogers(Executive Chairman) purchases 20,000 shares at 65.65p
Judith Westhead (Wife of non-executive Director) purchases 5000 shares at 62p
26 June 2020 Grant of options (1,003,000 to all employees including PDMRS at 62p if share price exceeds £1.50p)
26 June 2020 Nigel Rogers & his wife Judith buy 8,700 shares at 57p
Melvyn Segal (Finance Director) buys 8,000 shares at 56p
This time last year the shares traded at 66p today trade at 60p
Any thoughts form any one welcome?
Obviously I meant £10 equivalent, before the share consolidation.
I think £1 is pretty much certain once we reach next summer IMO. I'm hoping much higher. It used to be at £10 back in the day.... (5 years ago)
Huge deals and massive revenue opportunity. Once market wake up on this. TRT might hit £1 soon. Mcap very small
Who??? He just bought a ton of shares at 10p!
Think he's a chartered accountant but that's all I know.
IAG order new Boeing today with GE engines will sensors be in them?
Interesting bit in the results:
We are currently in discussions with GE on three further industrial projects. We also have two current projects in the automotive sector which are progressing and we continue to provide instrumented torque shafts for US Motor Sport through our Joint Development Agreement with McLaren. In addition to our on-board marine torque prop shaft trial, which continues, we have also, shortly after the year end, received funding in conjunction with one UK university from a charity connected to a major financial institution, with the aim of developing a SAW based solution focussed on improving health and safety in the maritime transportation of fluids.
So more to come?
One to buy and keep in the PF - NOT for trading. IMO.
2016 RNS Referred to in todays RNS:
Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that it has signed a licencing agreement (the "Agreement") with General Electric Company ("GE") for the use of Transense's patented, wireless, passive Surface Acoustic Wave (SAW) technology in certain specific torque applications.
The Agreement, which is non-exclusive, provides for a non-refundable payment to Transense of US$500,000 on signing. GE will pay a further non-refundable payment to Transense of US$250,000, subject to the Company's SAW technology passing various tests to be conducted by GE. Should GE not make this further payment by 30 June 2017, the licence will terminate. In addition, GE will pay a perpetual sales royalty to the Company in respect of each unit using the technology.
Graham Storey, CEO of Transense Technologies, said: "The signing of this licensing agreement with GE is a very significant development for Transense. Having worked closely with GE since the signing of the memorandum of understanding a year ago, we are very pleased that they have recognised the value of incorporating our SAW technology in certain of their products and are making this commitment. As the licence to GE is both non-exclusive and is valid for only a relatively narrow field of use it clearly benchmarks the overall value of the Company's IP portfolio. We continue to work with other potential partners to deploy our SAW technology in the commercial environment."
https://twitter.com/BabblerBestBets/status/1092328515146518531
This licence is "perpetual" - never ending ...
This share should do rather well.
Invested ...
-- BB --