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The 4 is an uncrossing trade pass. There's a lot going on in the background we are unaware of that's for certain.
4 shares bought and the SP moved nearly 8.5%, odd, very odd. What the mm know that we the shareholders don't
Started: lselsf, 15 May 2024 01:28
Last post: Thebottomfeeder, 15 May 2024 17:00
Not sure if I get the honored "pumper" status, but I have been long since 2016 as I believe the technology is clearly better than any other screening technology out there - but very disappointing with the lack of meaningful growth over that time. I am surprised Colin Evans is still the CEO considering how poorly this company has executed. My hope is we see a global agreement for a large retail distributor, revitalization of the US CBP funding and US TSA signing off on passenger screening.
I always found it fascinating how some were being strung along here. After years of claiming order book manipulation and breakthrough potential on the horizon have our 2 pumpers also given up?
Started: persimmon, 25 Mar 2024 12:42
Last post: persimmon, 25 Mar 2024 12:42
Forget the 'fun and games' that are being played to drag the price down. The real news is the orders that will be flooding in now following in the U S Senates approval last Saturday to finally approve l.2 trillion $'s worth of funds delayed from last September. Any poor punters unaware of what is going on in the background and selling will surely come to regret it. Their shares will soon be gobbled up by Pentland and the other majors who will swoop like hungry gannets.
Started: TheCynic, 21 Mar 2024 12:25
Last post: caesar, 21 Mar 2024 18:31
Has anyone any idea of the monthly cash burn here as I notice the last placing was in October last year
Not made a profit in the last 5 years (Source Stockopedia) Illiquid. Most institutions holding probably under water. Product seems to be in the right place - Thefts - stabbings etc but a cash burner. Where now? Low ball takeover? Institutions locked in (imo) given the size of their holdings.
Started: alamo55, 21 Mar 2024 18:23
Last post: alamo55, 21 Mar 2024 18:23
"Finally, my attention has been drawn to Thruvision (THRU on AIM). It has developed and now installed machinery which assesses whether employees of (say) Amazon are seeking to steal their employer’s goods. The shares stand at about 20p and are fully supported by cash. THRU is a very low-capitalised company.
However, it seems that the US border force will adopt this kit and, if so, regardless of who wins the US presidential election, THRU could harvest a bonanza. There does not seem to be much downside and the upside could be sensational"
Last post: Thebottomfeeder, 1 Mar 2024 17:20
I would say current price is a good opportunity to buy shares. Hopefully the US Border Patrol gets funding soon to buy the order that was expected in September along with the growing retail distribution business.
Is the time to load up whilst the price is artificially being kept low to enable the II's and company friends to do just that.
Been watching thru for sometime now, but yet to buy in primarily as other opportunities elsewhere.
What did surprise was the real lack of backlog and the lack of visibility this provides. Would have thought thru would run with at least 3-6 months if not 6-12?
Started: Troajan, 13 Nov 2023 08:38
Last post: Troajan, 13 Nov 2023 08:38
Last post: skid35, 7 Nov 2023 21:21
So completely and totally irrelevant.
It's on the Companies House site. It's the Limited company and not the main Group Company with public share holders (us).
Will be interesting to see if he is going to be replaced, and if so who with?
I do not see this announcement anywhere. Can you include a link to this announcement?
From thruvision ltd
Resigns.............
Started: Thebottomfeeder, 6 Nov 2023 15:31
Last post: Thebottomfeeder, 6 Nov 2023 15:31
No money, no profit, no returns for shareholders. Time to award ourselves more options.
Started: persimmon, 19 Sep 2023 12:29
Last post: persimmon, 19 Sep 2023 12:29
Financial year 2022/23 ends September 30th.
Will be interesting to see new orders placed for year 2023/24 from October 1st.
Started: persimmon, 18 Aug 2023 09:29
Last post: skid35, 2 Sep 2023 15:54
Persimmon.
As a qualified accountant, believe me this isn't even remotely "creative". What is does show is the ability to sign strong contracts with customers, in most instances a customer will provide an estimated timetable and if things slip the supplier is left holding stock.
The accounting treatment follows the contractual terms. I can't see where it say actual payment is on install ?
Agree with you on chartered accountants, most are pretty useless.
I think we'll have to agree to disagree on this one.
£0.3M is not significant, those are your words, I never said it was. What is significant is the 'creative accounting' that is undoubtedly going behind the scenes which amongst other requirements help building up tax credits for as long as possible. These ploys are mostly legal and played out with a nod and a wink to the Accountancy firms whose bills they pay. The bubble will burst, most long term holders know that. We just all have to be patient. The major investors who own over 80% of the company are.
I know what invoicing is, I just don't know why £0.3m is "significant".
THRU recognise hardware sales as being 1 of 2 types: Ex-works or Bill & Hold.
The IAR says this rgarding Hardware Sales:
"Revenue from the sale of Thruvision units and accessories is recognised when or as the Group transfers control of the asset to the customer.
For Ex-works (Incoterms 2020) sales this is at the point the goods are made available to the customer for collection.
Bill-and-hold arrangements occur when the Group invoices a customer for equipment that is transferred at a point in time, but retains physical possession of the equipment until it is transferred to the customer in the future. This might occur to accommodate delays in a customer’s readiness for installation, or a customer’s lack of available space for the product."
The IAR says that Bill & Hold revenue recognised at year-end for FY23 amounted to £0.3m. That doesn't make up a large proportion of THRU's revenue, so why do you think it is significant?
BodRuncie........With the greatest respect If you have, or are currently running a business, I seriously don't believe you would ask that question. When invoices are due, paid etc can vary enormously between the UK and the US. Vat and tax differences also. It seems that forward ordering of equipment's before the year end and paid for play a great part in the finances. Also note that a large US client does not pay until the goods are placed in use. What is known as 'creative accounting' is probably the best description I can give of the last annual account posted at Companies House in July. Good sleuthing!
Started: persimmon, 19 Jul 2023 21:36
Last post: persimmon, 19 Jul 2023 21:36
Most if not all are buys (other than those flagged as SINT)
Started: persimmon, 11 Jul 2023 09:25
Last post: Thebottomfeeder, 11 Jul 2023 11:50
This parr of the report says it all:
“ Thruvision gives UK investors the opportunity to invest in unique, proven technology, as well as pointing a way to potential eventual exit via M&A once the group has built additional scale. The deal with US Customers and Border Protection (CBP) has the potential to bring in c. $15m of revenue per year for the next four years, and Retail Distribution remains a large and rapidly growing large addressable market with an estimated 20,000 distribution centres (DCs) across UK, Europe and the US expected by 2025.”
GAINING SIGNIFICANT TRACTION IN CORE MARKETS
Headline states on New Document just posted on Thruvision's own site under the Investors section.
Started: Thebottomfeeder, 7 Jul 2023 13:48
Last post: Thebottomfeeder, 7 Jul 2023 13:48
More developments on Thruvision being used for passenger screening. I am perplexed why this process is taking so long for the technology to be approved by the US TSA for passenger screening, but per this article, it is at least in motion. Once approved for passenger screening, I expect the stock price to gain a lot of momentum and perhaps be the catalyst for other companies to show interest in acquiring Thruvision.
https://www.tsa.gov/about/employee-stories/tsa-partners-metropolitan-transportation-authority-assess-new-security
Last post: Thebottomfeeder, 7 Jul 2023 11:13
BAE and Leidos are the ones who come to mind as possible acquirers
Speculation but who might be interested in THRU if a buy out is in the offing? SMIN possibly.
Few also selling now, and cannot be blamed for taking profits.
However this is just a blip on an upward trajectory. Two steps forward and one back wins at days end.
And , happily, the buying continues and the SP continues it's upward trajectory. I wonder if and when news will be released as to exactly what is behind this. Or am I missing something?
They are trying hard to keep the lid on the price as per usual.
Last post: Thebottomfeeder, 16 Jun 2023 19:57
Persimmon, I agree this is positive. In their last presentation, they mentioned up to 2k unit potential with the US TSA if they get approval for passenger screening and up to 2k units for US Border Patrol. That is a lot of units that need to be produced with a total addressable market for JUST those two customers of USD 400 million (estimating USD 100,000 per unit). Not even considering all of the potential large orders coming from distribution centers. They will need a lot of capital to ramp up production. As I have mentioned in the past, watch for if they get TSA approval for passenger screening - that could be the inflection point to finally drive the stock higher. Should Thruvision start getting more public visibility, the total addressable market is unfathomable. Their technology appears to be unique and effective for what modern-day screening needs to be. Hope this happens sooner than later.
I see a few days ago the company started a debenture with HSBC.
Some may see it as a negative. I see it as due to increasing demand for their products they are looking for a cheap way of raising money without shareholders being affected. The rise in headcount at director level over the last 2-3 years with specialists in different area's points to the far-seeing Tom Black.
KCE32....look on the main site, there is an update on 23rd May.
The usual 'smoke and mirrors' if you read between the lines. At the year-end invoices would be out (with suppliers already paid) but no incoming payments due from clients. An old trick repeatedly performed by T.B to delay the inevitable profits arriving.
46K+ shares purchased today rare to see this amount on no news. Could there be some good news to be announced shortly
Started: persimmon, 2 Apr 2023 17:35
Last post: afrc, 21 Apr 2023 19:23
So what do we think of the latest rns then ?
That incoming is taking a long time to come !!!! What a shambles this investment has been
Incoming when ?
Incoming..................
Started: persimmon, 27 Mar 2023 13:12
Last post: persimmon, 27 Mar 2023 13:12
A possible manufactured drop before April followed by an upwards spike once y/e announcement next week is my best guess. But if news drifts out before then an upwards spike before this week is out
OMO as always.....I won't say good luck, as that's not required with this company.
Started: persimmon, 28 Feb 2023 19:04
Last post: persimmon, 17 Mar 2023 14:26
This is from Thruvision's Quarterly Newsletter. Next one in June.
"With its strong orderbook, Thruvision hit record new production levels in February with over 40 cameras delivered to customers in UK, US, Europe and Asia".
Log into Thruvision PLC and provide your email address. Anyone can obtain it.
Persimmon - curious, where did you get the fact they are shipping 40+ units this month?
Number of units shipped in year ending March 2021 12months was 84
Number of units shipped in March 2023 is in excess of 40
As stated in my previous post can production keep up with demand?
Think you left this on the wrong board persimmon....
"Almost as big a dog as a Great Dane."
That would be the company actually turning a profit and paying dividends.
What does that mean ?
I wonder if we will see any fun and games by the II's before the month is out?
Started: Thebottomfeeder, 23 Feb 2023 12:56
Last post: Thebottomfeeder, 24 Feb 2023 12:45
AFRC - this stock will probably never get the proper recognition until it moves to a bigger stock exchange or it gets acquired. I am holding on to this one until they are acquired but it could take several more years for this story to develop. I am finally seeing hints they are on the right path and it is only a matter of time. I am fully loaded on this stock but believe it is at a great price now to get more for those who can do it.
And yet the sp has not moved at all. What better news can we hope for to make the sp move up ?
Tbf, I think the chance of Colin Evans publicly discussing the details of the CEVA deal with private investors are small. The Institutional Investors however are as we know kept well informed.
I'm afraid we outside that grouping (the PI's) are most likely perceived as persona non grata as far as the company is concerned.
Persimmon, my concern as well. I would like to see Colin Evans publicly discuss the expected order size and timeframe from the CEVA deal. I would think they would want to promote this heavily to help push interest in the stick.
Tbf.....great news. Just hope that the supply chain can keep up with possible demand.