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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Transense Technologies Plc | TRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 102.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 102.50 |
| Industry Sector |
|---|
| AUTOMOBILES & PARTS |
| Top Posts |
|---|
Posted at 01/5/2024 09:57 by king1pin2 Major posted that he had a “stale bull” hat on and I just wondered if the share price would be at this level IF we were a new start up company .With luck deals such as yesterdays will raise awareness and attract a new group of shareholders who are not put off by our well documented past . The present management team have done the business in a very tough environment so I would hope have the backing of lots of us stale bulls and if we can attract a few more new investors that will give the share price the push it needs towards £1.50 |
Posted at 11/4/2024 07:14 by drw1 From Onward Investments annual report out today:-Transense Technologies plc (TRT LN) - Date of first investment June 2023Transense Technologies is a very different business, but we believe is another example of a small UK company quietly working up great prospects for growth. It is fair to say the business has had a checkered history of 'jam tomorrow' as a listed business, with a series of false dawns leading to cash consumption, funding requirements and shareholder value destruction. However, our screens and subsequent due diligence uncovered that over the past few years, prospects and crucially profits have tangibly changed and this success is partly obscured by perceptions from the past. The business has three core market leading technologies at various stages of execution and a valuation of £13m at the point of investment. In 2019 the first of these, iTrack, became profitable through a 10-year royalty deal with Bridgestone, that is 100% profit margin and we believe will peak at around £3m per annum versus £2m currently. The future cashflows of this deal underpin the current value of the business. This deal, led by the now Executive Chairman Nigel Rogers, has been crucial, as it has provided the group with visible long-term profits that have allowed tangible development of the groups other two exciting technologies - Translogik and Surface Acoustic Wave ("SAW") sensors. Translogik provides tyre wear monitoring equipment to fleet managers and revenues have more than doubled since 2020 when the new team started to deploy time and effort into the opportunity using iTrack profits. The technology generates a gross margin in excess of 50% for the group and we expect that under the recently appointed Director of Business Development, Ryan Maughan, revenues can at least double again in the next few years, if not more. Lastly, the patent protected SAW technology, which is the least progressed, but with the largest potential for earnings contribution, has started to make headway in some of the highest barriers to entry markets; US defence and high performance motorsport. SAW is garnering industry and investor interest because of its ability to provide more specific and consistent torque readings in high-intensity and adverse operating environments. The team are targeting opportunities in the industrial, electric drivetrain and aerospace sectors and we are monitoring progress closely following early successes with McLaren and GE aviation. We were delighted to see Stephen Parker join the board in May given his experience in scaling applied technologies, such as YASA, which was acquired by Mercedes, where he now sits on a subsidiary board. As an applied technology company, revenues generate an extremely high gross margin, north of 85% and sales have been accelerating. We have been delighted to see a number of new hires and recent directors buying alongside those developments. |
Posted at 29/2/2024 14:13 by scrapiron123 Of course they can't buy if they know things that are price sensitive, which could be a lot of the time as they are actively developing the business. Still it adds up, their current holdings are easy to see here https://www.transens |
Posted at 20/2/2024 11:01 by mattjos here is the Investor Meet Presentation now available on YouTube:TRANSENSE TECHNOLOGIES PLC - H1 FY24 Interim Results and Prospects |
Posted at 16/2/2024 12:34 by mattjos I did email the company requesting they give more details on the 'Route to Market' for the Translogik product range as it is not clear to me exactly how they are going about this & how they intend to go about it in the future.This important for me as it is the segment that should now be growing at the fastest rate in the near & mid-term. Nigel Rogers reply very quickly & indicated this was a topic they intend to expand upon in the Results on Monday & the subsequent investor call. |
Posted at 06/2/2024 22:37 by centipede You are absolutely right that I invested in the wrong business (/kind of business).I was very naïve and seduced by the 'story'. All of the evidence indicates that such companies have a very high failure rate. I am hanging on with the limited value left as there are some signs of life, and I have an emotional connection (sad, I know, but I can't help it). BTW, my other investments (now value-based, do ok, unlike the average independent investor who loses the majority of the gains of the stock market - 2% gains versus 8% hxxps://www.crews.ba I agree entirely that we will never agree. You probably believe it is blindingly evident that there are significant differences in the abilities of people to manage companies, and that the key way to motivate them is to give them more money. It may be interesting to look at 'Pay without Performance, by Bebchuck and Fried', and 'Myths and realities of Executive Pay, by Kay and Putten' or even for a quick (fun?) review, have a look at I shall shut up now, but it really annoys me when management does something that is evidently for their own benefit, and try to dress it up as some form of positive business move. They have probably got themselves convinced. |
Posted at 09/12/2023 11:44 by gnnmartin The confusing share price is an artefact of history. Before the 'Big Bang' of 1983 (there were stockbrokers, who had the monopoly of buying & selling shares on behalf of members of the public, and jobbers who had the monopoly of quoting bid/offer prices in exchange for guaranteeing to make and honour such offers. The changes introduced by the big bang included the ability for anyone to post bid or offer prices as long as they honoured the post. Under the old system the bid/offer prices were fairly stable. Jobbers did not move the price unless trade was significantly out of balance. The expectation behind the big bang was that if the jobbers were quoting an unreasonably large spread, wealthy individuals who were not jobbing members of the stock exchange would step in with a better bid or offer price. At one point I held a significant number of Eidos shares that had risen from 18p to £60, and since the quoted spread was about 10%, I tried my hand at being an amateur jobber with a spread of 5%. Although my bid/offer was taken up a few times, one of the many reasons why it was not much of a success was that the major market makers immediately adjusted their bid/offer to match mine. One risk of being an amateur jobber was that if (for example) you posted a bid or offer for 10,000 shares, you had to honour a request to buy or sell just a single share. In the days when everyone bought or sold through a broker who charged commission, the commission might be several times the price of the one share. Thus the market makers could have killed my little venture by buying a single share once a day. Brokers now offer commission free trading, anyone can post a bid or offer for a single share (I believe), and can buy or sell a single share against a posted bid or offer. That is why you see so many share trades of ridiculously small value. This makes it hard to decide how to quote market prices. Do you quote the mid point between highest bid and lowest offer, or do you ignore any bid or offer with value below some threshold? Or do you quote the price at which the last deal was done? Different strategies can lead to significantly different 'market prices'. Even pre big bang, a broker would negotiate a price with the jobber. A jobber quoted bid offer prices that would not be too painful if news came in that snapped up his bid or offer before he had chance to change them, but they would still deal well within those spreads with a trusted broker. Now a good broker is still important for a serious investor. As an example, yesterday I bought shares that were reported at 6p/6.5p and I bought 100,000 at 6.09p: the commission was a lot less than the £410 difference between the cost at 6.5p and the cost at 6.09p. The London Stock Exchange still quotes a mid price of 6.25p with a bid/offer of 6/6.5p. |
Posted at 30/11/2023 11:48 by mattjos Yesterday's market respomnse to the Trading Update seemed to indicate there were a few invested here hoping for a quick turn off the Meggitt news & they chose to bail out sensing there was not going to be a near-term trading gain opportunity.Hopefully any such investors are mainly now gone. A 2024 deal with the now enlarged Parker Meggitt group likely to be larger than it may previously been when it was just Meggitt. |
Posted at 29/11/2023 20:44 by king1pin2 Perhaps I am missing something shifter but can you explain your post. Let me explain, I would be happy to see the share price reach the option exercise price of £1.50 at some point in the future. I think we all know that any Saw deal of substance will take our share price over the magic £1.50 level so it’s quite clear that in order to get the benifit of the options a saw deal has to be penned.Our management are not VERY well paid and they have all aligned themselfs with shareholders with substantial personal shareholdings held so I have no doubt that they are working for us the avarage investor . In my opinion . |
Posted at 26/9/2023 07:22 by mavix1992 Nigel Rogers is the man. "Sorry whenn I'm bleeding, i had a small head surgery this morning" And then he sits their and is talking over an hour to investors, awesome. Really good presentation. I always saw the Translogik business as a small, but profitable side gig in my thesis, but it seems like manageement sees much more value in it in the mid-term. Very interesting. |
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