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I also totally agree with you re the Tom Black argument. However I dont know about you but i pressume most of us will be loosing money with the sp under 30. Therefore when the sp was hovering around 3o, i was also hoping for a TO at over 30 so we could make some return . With the sp now at 20 and in the middle of such a major economic crisis with the covid issue, do you think it is likely we will see a TO at a 50% premium or more ???
I dont see it unless the co produces something spectacular soon. By the way we still have not had any results out for many months now ! Why is this ?
afrc....I agree with some of what you said, but will differ on the fact that now with the Virus we are in a different 'ball game' and not only Supermarkets will be looking at the social distancing issue. Also bear in mind nearly all of the business is owned by the II's. They are not selling, and what is more important we know that they are being updated on a regular basis, whereas we few P I's just receive the scraps Thru put out. To me it is a case that Tom Black would like to keep them all for his II holder friends. I'm just hoping for a takeover bid in the medium term. Remember he (Tom Black) has form in the past for this, selling a previous company to British Aerospace for over £500m.
G.L to all
I dont want to be a purveyor of doom and gloom in an already very challenging (to say the least ) environment, but the sp could not break the 30 p barrier while equity prices were setting new highs and good news for the co were coming in on a regular basis. Now in the middle of the covid crisis , the sp is at 20 and we are hoping that an article regarding a chain of supermarkets might push the sp up !!! I have been a holder since the digital barriers days and i have shown great patience. But i am simply not optimistic now and i would not be adding up .
Today's news that security guards have the highest risk of Covid-19 death may be positive for Thruvision. Obviously night watchmen are not in much danger but guards tasked with checking and frisking staff are very much at risk. Do firms just give up on theft to protect guards or do they install Thruvision machines and check from a distance without fear of legal consequences?
Persimmon, agree that the COVID-19 virus is creating a very favorable environment for Thruvision technology to be even more important. Not aware of any other technology that can compete with what they have.
Looking forward to F/Y results being announced next month. This is one business that will actually gain traction in this environment due to its patented terrahertz social distancing scanning technology. I see this next 12-18 months being transformative regarding gaining new clients who operate in many varying industries.
Good spot Leoboy. For medium to large businesses this is a 'no brainer'. The capital cost of the equipment will most likely have a payback period of months, far less than the usual 2 years that most companies look for before purchasing. Have been with Thru for many years now (since split from Digital Barriers). Patience is still key here. 95% + of shares are still owned by II's. The downside of that is we small PI's are kept in the dark on many issues.
Thru has £8.6M and no debt
If Thru can use their people screening tech to detect people with a raised temperature they may have a new revenue stream. I also think that they have sufficient cash to ride out the current situation. AIMO & GLA
Well a 8% rise today should go a long way to excite a few Investors
It’s obvious that under these circumstances gov border forces are not going to be investing in any new technology for the foreseeable future. At least 12 months in my opinion.
Many smaller tech companies with big opex will go bust unfortunately. It’s a bad time for everybody. Let’s hope thru can ride out the storm with no new contracts secured for the next 12 months. Good luck.
No trading update for another week then.
With airlines going into lockdown and countries closing borders it’s obvious that any proposed investment in border security will be shelved indefinitely.
Nothing to see here for the foreseeable future I’m afraid. One for the bottom drawer.
I have been looking at the investment case for THRU as I’m currently looking to diversify out of oil stocks and into tech stocks. I spent the weekend looking at thru but have found little to excite me and am struggling to find an investment case here. Looking back through RNS I see a deal announced with US border force for £3Mill and another in Vietnam for £400k. These are hardly company making figures for a tech co with a £30Mill Mcap and massive expenditure on research and development and design. Capex is always hugs on tech cos. They need to spend heavily on RnD to keep up with competitors or get left behind so these figures are not significant. The security and surveillance sdcgof in the US where the bod are trying to break in is a severely saturated market and this trump administration are not disposed to giving big gov contracts to uk companies. Not gonna happen, especially with another election looming. It’s make America great again, not dish out contracts to overseas players. Furthermore the sector is moving towards more targeted security checks and away from mass scanning as recently controversially highlighted by Michael O’Leary the Ryanair CEO. All in all, I’m not excited by Thru. There is no trading update as there is nothing to update and I see this dropping dramatically this year. I’ll keep watching thru as part of my research of this sector and if the Mcap drops to £10mill and if they come up with some innovative products that don’t already have massive US competition then it might be worth a punt but not currently for me. Risk v Reward here in this crowded high capex sector does not stack up at all.
There’s no trading update because there isn’t any news to update on.
Very little chance of Thru breaking into the US security market in any size. The odd little £3mill contract is not going to finance the massive RnD capex costs in this sector.
Trading update next month.
What games ? Here we lost almost 40% in a very short period of time and i fear it will go much lower in this carnage we are going through. It does not help at all not having a trading update which is long overdue or any company news !!!
MM's opportunity to play games with certain shares especially on AIM, where less experienced punters reside.. A time to be patient and keep cash ready for the up turn when it arrives, as it will. Just a matter of when. OMO
Any opinion on the important recent fall in the sp to levels that we have not seen for a very long time ?
Paper Stock Certificates
"If you somehow end up with stock shares in paper form, the exchange process to receive the buyout value cannot happen automatically like it will with a brokerage account holding shares in electronic form. With certificate shares of a company being bought out, once the deal has been approved you must send in your shares to be paid the merger value, whether that value is new shares or cash money. The investor relations department of either company can direct you concerning the proper steps to take to tender your shares".
Mine were transfered electronically. I suggest you ask your broker or ring Thruvison for advice. G.L.
When Thruvision split from Digital Barriers did they issue new certificates because I still hold Digital certs. Any clues anyone on what the situation is with these certificates.
Why such an important fall again ? We have had no trading update or any kind of news whatsoever for a long time now!!!
obligatory downwrd movement by the MM's in the preceeding month before a trading update. Notice these 'share swops' are nearly always 10,000, 15000 or multiples of 5000's. Keeps Investec happy with their S.I involvement too.
Good article showing value of Thruvision assisting with border security. I have to believe this example will help Thruvision to sell it's technology globally for border security use cases.
https://www.abc4.com/news/body-heat-scanners-will-help-agents-detect-drugs-and-weapons-at-border-crossings/