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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
|
|
|---|---|---|---|---|
| -0.50 | -0.53% | 94.50 | 15:34:32 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.00 | 94.50 | 95.00 | 94.50 | 95.00 |
| Industry Sector |
|---|
| AUTOMOBILES & PARTS |
| Top Posts |
|---|
Posted at 16/4/2024 17:06 by bhoddhisattva Mrs Whitebait - there’s no evidence we’re “heading down the dustpipe” or of shorting this (TRT) share … so unless you have any proof of these may I ask what you’re interest is - short perhaps? |
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 04/3/2024 07:52 by bhoddhisattva We shouldn’t begrudge those directors who’ve saved TRT from oblivion, travelled the globe extensively for long periods to get a cash cow to pay for things until SAW kicks in ..Holders will hopefully be able to see a profit or, in my case and others I suspect, at least get back to break even. There was little point selling when at bottom years ago as mine were in a tax free wrapper (so can’t offset loss against capital gains) … |
Posted at 22/2/2024 10:55 by cousinit Nigel Rogers as Exec Chair has a base salary of c£50k so Matt's point is pertinent.I have a real issue with management teams that take chunky remuneration packages, receive regular option grants but rarely buy any shares (and certainly not in size). The remuneration structure for TRT seems to incentivise long term value creation, which should align management with shareholders. |
Posted at 19/2/2024 10:57 by glavey "both the increased costs and the reduced revenue visibility/delays in customer programmes talked about today" wears the divi. |
Posted at 19/2/2024 10:47 by rivaldo Allenby have reduced their forecasts by almost 25% for this year, to 8.9p EPS.And next year's are reduced by a similar amount to 10.7p. I've been monitoring TRT for years, and it looks very interesting imo, but both the increased costs and the reduced revenue visibility/delays in customer programmes talked about today are worth noting given today's downgrades in forecasts. |
Posted at 12/2/2024 18:22 by shifter2 I moved one biggest 1980s traders recently he’s still trading in his 80s but he made millions from it had the gift for sureSounds like you missed the fairy dust maybe Trt will give you a little back |
Posted at 10/2/2024 11:06 by cousinit Good discussion here. A couple of observations before I go and get my tin hat.This is a UK Micro Cap that had serially disappointed for a prolonged period and required rescue fundraisings/actions to keep the lights on. I can see why management take a somewhat cautious approach. The royalty is likely nearing the peak couple of years before the contractual tailing off/cessation. Can management be confident that any dividend initiated today could be sustained in 4/5 years? If the cost base (and capability) of the business is expanded today, can that be sustained or might it have to be retrenched if cash returns take time to materialise? My impression of recent years is that targeted investments are being made where management have high confidence of attractive IRRs (overall and in cash terms over 3-5 years) as the end markets of SAW develop. The share buy backs seem to fit into this measured capital allocation mindset. |
Posted at 29/12/2023 14:55 by mister magpie Having been here and in TRT since 2006 and as a matter of courtesy to anyone interested, I’m advising I’m out.Between midday 22nd December and midday 29th December I’ve sold all of my 205,000 TRT shares. I’ve had enough and have done this to avoid a wipeout which I feared, whilst denying myself a much higher share price than I’ve exited at. I’m pleased at my selling prices, but equally you should all be buoyed at the share price resilience to the exit in under three trading days of a major shareholder. That suggests bad timing by me and better times for all you holders so good luck to you all! |
Posted at 16/12/2023 12:40 by gnnmartin It's helpful, please, when posting url's to add a sentence of two summarising why the reference is interesting and a time too, if the point of interest is some way through a long video.Post 14399: I found the Dowgate interview interesting, but not interesting enough to listen longer than 10 minutes. Was there any explicit reference to TRT later than that? Post 14398: I assume the Forbes URL is posted because it is a slight negative for TRT, since TRT have a small interest in the Black Hawk. Or am I missing something? |
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