Member Info for LTbeliever

In essence, itrack will be covering the fixed o/hs of the Co until SAW and Translogic take off; all we need is the 1st big client moving into full production eg GE and the T901 engine.

IMO, there were 2 headwinds; first, potential for a fund raise of X amount; on a mkt cap of 10mln, and cash now just below 2mln, I see this as a receding risk. 2nd and scarier risk, is Dowgate selling more shares; this is still a possibility but again, it seems that Dowgate was a forced seller and - for now - it has paused.

On the plus side, at this SP, existing IIs may decide to average down and buy another 2-3 % which should impact the SP significantly; also, with all the ongoing projects the potential for material RNSs during the remainder of the year is always very likely.

Https://www.lse.co.uk/media/NFX/dr-dan-gooding-nuformix-increasingly-confident-us-regulators-will-grant-nxp002-orphan-drug-status-tu55q59g5zh9m7o.html

It's the October interview on LSE, we had all seen it back then (seems like ages ago).

1. quite relaxed about cash situation

2. nothing to say about Dowgate, other than "talking with all IIs"

3. bullish about sales' projections from 2028 onwards

4. opex and staff levels sufficient for now

5. capex programme will/can be completed from expected cashflow

Co's last update mentioned that 84p is the average buy price of Treasury Shares, so if the Co buys more at 65p it will bring this average down; let's see if they can afford 50-100k to spend on shares.

It's still 1 year ahead (commercial dev.), it was expected since September 2025 (3m project - so delayed a bit) and we still need to spend some money to fully develop; so, steady but slow progress.

Looking fwd to the Presentation today, if some bullish snippets are mentioned (eg Dowgate ceasing sales) and that Co will continue buyback etc, then the only way is up (ignoring that Dowgate may still change its mind?).

Guys, better buy some shares if you think TRT will do well, rather than arguing about what was said/meant etc. That's the past, let's look ahead to the great and rewarding future of TRT, estimated to have Sales of over 10mln in a couple of years. With O/hs below 5mln (then), and GMs of 90%, that's a PBT of 5mln minimum, on a P/E of 15-20 (when the mkt realises that robots, air engines, aeroplane wheels etc, will contain our sensors!) gives us a mkt cap of 100mln i.e. 10x from today's SP. DYOR!

Laura, all I can do (my own approach) is to consider all views, if in good faith, and try to find some arguments against or for; then, I make my own investment decisions because I can sit and accumulate TRT stock for the next 1-2 years w/o having to sell. Others are more short termist for their own reasons and that's also fine. We all try to make money, one way or another. Good luck to the believers :))))

SP has opened up so - IMO - those that expected to buy at 50p because of a fund raise etc, will probably miss their chance; and if tonight we hear good things about Dowgate and Insiders start buying too, then the 70p will soon be crossed. GLA!

Adding that the Co has been quite transparent with numbers on current projects (which take some years to gestation); we need to remember that the Co is working with huge industrial firms in Aerospace, Automobiles, Robotics etc but once mass production starts (components by TRT), then it's 99% Net Profit on much bigger amounts; plus, if each year Sales grow by 50-70%, 50% on 2mln is a lot more in absolute numbers than 50% on 500k; some quotes:

Aerospace - "currently 8 funded development projects with 5 customers, each expected to generate between £1m-£5m of revenue by 2032-2035."

Motorsport - "Each motorsport application provides revenue potential of between £0.2m-£0.5m, and further business expected in the next two years."

EMD-"prototypes are under development for an e-drive for a premium value, high volume consumer product with a US customer due for launch in FY28. In total, currently 7 funded development projects with 7 customers, each expected to generate between £3m-£5m of production revenue by 2028-2030."

Ind Mach& Robotics-"4 customer funded development programs are in progress, 3 with recognised global market leaders and 1 with an innovative European start-up, each expected to generate between £2m-£10m of production revenue by 2028-2030."

This may sound like "jam tomorrow" to some, but IMO, the Co is flagging big developments from 2028 and beyond; the main thing is that cash and cashflow suffices to cover both opex and the requsite capex over the next 12-18 months; it's also impressive that on Sales of 2mln, all O/hs have been covered; this means that for H2, where we expect at least 3mln Sales (5.2 mln minus 2 mln, from Jan 31st RNS), the Profit and CFlow will be between 500k to 1mln - IMO. So, no short term risk of a capital raise, and great prospects; if Mgt can dispel the risk of further Dowgate Sales (yes, I have asked the question), and Directors/Insiders start accumulating shares then the SP should start to recover.

Casey, seller finished for now it seems; who knows next? Maybe the Co will offer some insights about Dowgate tomorrow.

Those who bought today, 20k+10k respectively, seem to be eager too, Laura :)

Is anybody going? Is it worth going, eg to ask any questions? Or is it a waste of time, for those who have been in the past?

We just need a few more delayed trades, during the day :)

Re the Presentation tomorrow; I have placed a few questions already, hopefully we will get some answers.

I think Mgt will likely discuss cash resources on Tuesday - they'd have a good idea of what to expect for calendar 2026, we are soon into March and hence 4 months left to this Financial Year; they have advised that they don't expect much over the next 3 months but come July 2026 and beyond, things could be a lot different. For example, one of the many projects TRT is involved in, PULSE is 12m away from completion (18 months gone);

https://www.transense.com/news/transense-sawsense-technology-selected-for-11-million-ev-r-d-project

At 10mln (knockdown) mkt cap, even if eg 500k had to be raised, this is probably already in the SP (3-4% dilution). DYOR, Good luck next week!

Just over GBP40k of 6-7 delayed trades led the SP to jump (Bid) appx 10% IMO; imagine when we hit BUY volumes of 100-150k when news hits.

IMO, due to lack of resources, the Co is waiting for regulations to force the Water Cos to come to it for its technology, while focusing its efforts in the MEast to bring cash in from CTMs and associated reagent sales (in due course).