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''No need to worry about a speeding ticket as the nomads ask for this if no reason for the rise, today the company has informed us of a requisition to change the board which clearly the markets have liked. Market makers are squeezed as no stock available.'' note from the bro
Has nobody seen the city cirular on this? desperate to find stock to cover / protect markets order books
Flying Now...........
Looks like the prerequisite here was the 29.9% take on before the 50% + take down, the current board cannot stop the change which is believed to be the catalyst to the company rerating and securing all additional owed cash of circa £15m additional to the £9m cash in the bank position. £24m cash with a positive business asset sets the new requisitioners up to a running start
http://www.valuethemarkets.com/index.php/2015/04/27/transense-technologies-plc/
ARTICLES Transense Technologies Plc by ValueTheMarkets • April 27, 2015 Speculative Recovery Play by Cameron Kite Shares in issue: 297.67m Current Mcap: £3.8m Major shareholders Total: 32.74% Transense Technologies (LON:TRT) has over the last 15 years lost over 99% of its value, once trading at the dizzy heights of a quid or more the story has failed to excite buyers however. The company specializes in a broad range of products and markets. Its main source of income has for the large part come from the sale of its commercial Tyre monitoring systems. Mining enterprises make up a large portion of TRT’s custom base, however in more recent times the struggle of cutbacks of a declining mining market and losing sales revenues has weighed heavily. The company have gone from turning over many millions in any 6 month period to turning over just shy of £1m in H2 2014. Yet the outlook seems to be changing at a pretty alarming rate, with a mcap of £3.8m & £1.5m of that in cash it’s surprising the market appears to be dismissing a primary turnaround ingredient. The management have been very proactive in ways to capitalize on the existing market while making its product and services more financially appealing to a major. Cutbacks in the mining industry have in recent times been brutal thus management decided it better for the company to offer their iTrack product on an operating fee basis (A fee paid per truck fitted on a monthly recurring usage). Since its decision to offer the iTrack on a rental basis the company has signed 3 contracts, these are with the mining majors Glencore, BHP Billiton and also for the first time in the UK passenger car market. The most promising aspect in these contracts, as well as adding considerable value to the company, is cash flow for the coming year from the uptake of the tech will very likely open the door to a lot more business within these markets. Commenting on the most recent of the contracts Graham Storey CEO of Transense said: “We are delighted to be adding BHP Billiton to our growing list of major mining clients for iTrack. The new rental model is now beginning to generate a meaningful and growing ongoing revenue stream.” Transense is also by no means a one trick pony as well as research and development areas within the company it also holds patented iSAW technology which provides continuous, real-time monitoring of temperature, humidity and partial discharge, the 3 leading indicators of potential failure of electrical power critical assets. Due to current cost cutting measures the company has made the decision to sell this branch of the Transense company which will not only provide near term working capital for the company, aiding them to progress the profitable areas within the company, but also help reduce the current monthly cash burn by around £100k. Transense’s main areas of research and development have been wor
Just spotted this on another BB - Looks lovely
Seen this tipped, anyone give an overview of why I should be a buyer?
Over the moon with my 3.4p stock, I missed the high but managed to derisk some and enjoy the free ride. I expect a big rise tomorrow too but nothings nailed on, has anyone looked at SOU as they did a Tv appearance today. https://www.youtube.com/watch?v=_J5FYZeCXcQ Talk of take outs and the CEO own words '' Discussions and assets worth 50p '' could be worth a look although don't detract from a bumper day '' get in there ''
15% up Incredible
Flying!!!!
Westhouse on 2.6p all buys and blue, 9mins then back on shift C'MON get on this baby!!!
Order book just moved positive just this second WNTS at 2.5p now (told you LGO and INSP the same as this in the way they move)
In the admission document it shows they raised money at 2.5 and 5 x the current level over the last few years, the CEO setup COP circle oil. How the heck has this been moving along without spotting it. Next Mosman IMHO, I bought that at 15p and this one looks brill OMAN tooooooo
buying at 2.3p now seems to be moving up on low volume as was mentioned in tweet 3hrs ago???
2.195p now under the belt, C'MON MM let this go I need another LGO here
CEO defers 70% of his salary without exchanging for shares and also bought £135,000 worth in the recent small funding call. I bet he's getting his holding up before it takes off!!!
Yep the bid and ask moving up ever so slightly too
£FRI - Big empty space which will be easy to move on not alot of volume, high risk and liquidity issue until it moves http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=yUjOYUER5c94uLgh3gkbZ99YBEOTa9q0&symbol=L%5EMSMN …
Buys coming in now!!! Get ready for a pretty sharp correction Abm@ABMckinley · 28m @DDS_Doc_Holiday Either Old Jack has been getting loose on the old mountain dew or the markets are missing a trick" now that's a write up