London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
good find Thebottomfeeder - doesn't this equipment sound different to our normal more fixed scanners in that it is described as swiveling back and forth as crowds passed & its ability to scan a large crowd without disrupting the flow of traffic or requiring a line to form ? This kit sounds like we are heading to a higher level though i might be wrong !
Chicago's Metra rail line testing scanners designed to detect guns, explosives in crowds
https://www.securityinfowatch.com/perimeter-security/threat-detection-imaging-inspection/news/21110472/chicagos-metra-rail-line-testing-scanners-designed-to-detect-guns-explosives-in-crowds
Shown (for once) as an SI trade for 10,000 shares on London Stock Exchange. No doubt the SI in question is Investec Bank the bank of Thruvision. SI's who are systematic internalisers have to do so many transactions in a given period to keep their 'ticket'. We know that the vast majority of trades on Thruvision are via SI's although not often shown as such, and are internal 'to and fro' swops between the major investors.
All is good with increasing sales but you have to start turning a profit too.Anyway i pressume all of us have held long enough so as long as the co stays on a solid growth course, this should reflect in the sp !!!
afrc re share buy back. I take your point. When the last buy back was authorised Thruvison were given permission to buy up to 47m shares. In the event less than half that figure was bought. At that time I was not surprised as I did not think there were 47m shares available to buy. Now with approx. 126m 'free float' shares, lets assume 98% are in the hands of investors. That leaves 2% available to purchase or approx. 2.5m. Lets then assume (hypothetically) that 50p profit could be made on each share. OK it's only guessing but if this is being lined up for a take over bid (remembering we are not privy to all info) that would leave around £1.25m profit to be distributed. Not bad for Tom Black and the II's. And remember also should the company keep on with its exponential rise in sales a valuation of more than the current price + 10% + 50p arriving @ circa 78p valuing the company @ approx. £100m would probably be conservative. Just my rough calcs based on nothing more but supposition I know, but I am of the firm belief that the 'big boys' would not have stayed in if they thought negatively of Thru.....OMO as always
How can you have a share buyback when there are so few shares left in circulation ?
A share buy-back would be welcome, but it may force the ii`s to reduce their holdings if they dont want to/cant increase their current % exposure. They would have to sell some shares to keep their current holding levels and so the S.P. would fall back. It would be an opportunity to buy more shares at a lower level but there dosn`t seem to be much interest at present from pi`s in this Company. The only way foreward is for a takeover to get above the 30p level. The Company declaring a decent profit will change things dramatically, but i dont` believe that`s what they want at present for whatever reasons. Cant say i know what goes on behind the scenes with the Company/ii`s so will continue to hold. All IMO.
In reality, Dr Black is more Q than 007. With a doctorate in nuclear physics, the entrepreneur who turned Detica from an IT minnow worth £20 million when it floated in 2002 into a market leader in the technology used in the pursuit of terrorists, is certainly more boffin than spy.
What is beyond doubt is his ability to generate a return for his investors.
Detica was finally sold to BAE Systems in 2008 for £539 million.
Tom Black's track record is not too shabby!
afrc....take your point about the II's but, keep in mind they know far more than us as they are being updated on a regular basis (we are not). Thruvision are also building up some large tax credits to offset their profits when they do arrive.
I agree but what about all the other major iis holding major stakes who are still sitting on important paper losses. At some point , sooner rather than later , they will want to monetize their investment , at a profit , specially now that the co is producing better results, albeit still making a loss. Unless they are all waiting for a takeover to happen which is what Black did with the previous co he was running ( sold to Bae for £245 mil if i remember correctly ) !!!!
persimmon - thanks for reminding me of the connection of Tom Black and Herald Investment Management Ltd - well said ...
afrc...You may well be right. The company at its last AGM was once again given authorisation to buy back a significant number of its own shares. If this is what they are planning it makes sense to supress the share price prior. Tom Black personally and his Herald Investment company have a significant share holding, and would stand to gain with the resultant uplift following a share buy back (as we all would). This would also follow the buy back trend began in July/August 2018.
Great td and yet a very small rise in the sp. We have seen this before so i would not be surprised if the sp drifts down to 25p very soon.What will it take for the sp to break through the 30 mark , stay there and gradually go up and up.
More good news....Exponential growth continuing.
"Sales growth was driven by the sale of 60 Thruvision units, up from three in the same period last year and up from 57 across the prior full year.
However, expenses associated with share-based payments to staff, marketing costs and investments by Thruvision in its in engineering and manufacturing capabilities stopped the AIM traded company from swinging to a profit".
Love the last sentence from Sharecast report today
This is in addition to the 3.1Million U.S award announced in July, must of which will be included in 2020 results.
Stop frightening the children Persimmon, need more buyers....LOL
drop coming as warned.
Seems a low trading value above £20K + can have a large swing on the S.P. There cant be that many shares left out there for the P.I. to buy or sell. Indeed, it does appear to be market mainipulation for whatever reason.
Expect the price to be down on opening tomorrow following swop of trade late on today. The usual market manipulation on behalf of Thruvision by the market makers.
Red8745......I do not think that there will be any earth shattering news released via the AGM. It is not the company's way of operating. Institutional investors are being kept abreast of proceedings as we already know, with updates 'as and when'. The P.I's are not privileged to that same level, therefore we are behind with near term developments, other than the scraps of information the Board decide to provide us with outside of their legal obligations. Not withstanding that, we are able to see for ourselves some of what is happening with Thruvision from various media outlets. G.L, in my opinion this is well worth holding.
Hopefully they should provide an update of current trading on the morning on the AGM to the market.
Great exposure getting an article reference in FT
https://www.ft.com/content/2e44e016-d8a0-11e9-8f9b-77216ebe1f17?accessToken=zwAAAW07rBtwkc8uROAW2KAR6dOPm3chbr4fFw.MEUCICM5zMdmpsvj3aVfpNlJz5MlQIR4MbMxQpsjiEGJY5xZAiEAk_-k7qintHM84lsmqrKa_2BALkp0dd-5JCd9daF746s&sharetype=gift?token=872c2b61-ee32-442e-8f48-fdec1f4746b5
Up to 2,000 passengers screened for knives each hour in police body scanner trial
https://www.standard.co.uk/news/crime/up-to-2000-passengers-screened-for-knives-each-hour-in-police-body-scanner-trial-a4237746.html
We have lost 20% from the recent high and the sp could not breach the 30 level regarding of the recent good news. I am not optimistic considering how long we have been expecting a recovery in the sp !!!