TruSpine Technologies Share Discussion Threads

[superbigal] 03/12/2004 09:49

GG
I have lost most of my direct links to the Perth Plant as they have all left or been made redundant !!!!
However speaking to my contacts within the distribution network it still appears to be a nightmare. Suppliers are shipping in very little product to Perth. Due to lack of procurement people all KPIs and contract reviews and RFQs which were deemed highly important have fallen by the wayside.
Orders are extremely thin on the ground.
Rochester is definately as I predicted looking (again) at moving production offshore. The large cash injection from the insurance payout which I estimate is around 4 million. Approx about half of that is for redundant junk.This is the one good piece of news.
I suspect they would rather keep all that much needed cash and move to China.
All those poor hard working sods at Perth doing so much to keep the company sustainable are probably writing their own death warrents.

[goldengoose] 02/12/2004 17:05

Cheers SB - anything good to add? $>)

Think globally they're well positioned to sell products that bridge a gap, shame progress in this area has slowed, could/should still pick up, with the right sales strategy.

Notice no-one's prepared to divulge or guesstimate the final insurance figure, though something between 4 & 6M has come to my ear, as well as one larger figure, I'd certainly be happy with something near the top-end :-)

How, are things after the fire, any signs of normality returning, building contractors or sub-contractors being found for products?

A little quite for me, good to leave it on the backburner a while and stick to Scotty Phoenix $>) GG

[superbigal] 02/12/2004 13:54

GG Only problems here are as follows.
BT Midband (Myacom article) is just an extension of BT Homehighway/Digital Access system developed by Myacom. It may be great but the take up rate of all units is now less than 5K per month. Telspec was churning out 20-30K per month of the original homehighway b4 Broadband.
The Intel articles on the DISP (platform voting) is very much out of date. Telspec sold that chunk of the business to Teligent when Magnus Braxell left.
They still expected to get plenty sales/builds from teligent but it has just not happened.

[goldengoose] 02/12/2004 11:04

Most of this ain't new, but the PDF file may be of interest to a few.



Under Intel Voice Applications - partners: Solution provider TELSPEC
"Although Internet use is soaring, voice traffic remains the leading source of revenue. Intel and its partners have developed leading edge standards based voice solutions to keep those revenue streams flowing."

Telspec - Value-added Voice Service Solution

And the view from Myacom:

[goldengoose] 19/11/2004 14:56

RNS Number:2730F
Telspec PLC
16 November 2004


TELSPEC PLC
Fire Insurance Settlement Confirmed

Telspec plc, the telecommunication equipment company, is pleased to confirm that
following the recent fire damage to its manufacturing plant in Perth announced
on 18 October 2004, its full insurance claim has been satisfactorily settled
within the terms of the polices.

A recovery plan is being implemented at the plant and production is gradually
progressing.
-------------------

Any views as to how much the claim was settled for? - SB like to hazard a guess, or must we all wait for the figures next year to try and put a figure on it?

What I'd like now is one ball breaking deal to set this on fire! Come on Telspec we know you can pull it together, when the going gets tough 'n all that..... GG $>)

[goldengoose] 18/11/2004 07:36

One or two good sized deals and the blue paper should reach the powder, requires patience & a little more good luck, but with sound prospects, decent products and global possibilities, it ought to come good and there's signs that the worst may be over. GG

[sootog] 17/11/2004 09:21

whats anyones thoughts on this pheonix ?

[made1686] 16/11/2004 17:35

come on lad,,s own up who set fire to it i was in all day nice one thanks ps have the police talked to bp about where he was now all he need is scotty to do good and he will be top guru again the dog will bark next week

[goldengoose] 04/11/2004 20:40

Yes, SBA - but don't think I'm too far off, those who know me are quite aware I'm an eternal optimist :-). You are a lot closer and I appreciate your view. I'm not a lover of BT and holding out hope there is sure to end in tears. My point was that the market continues to expand in the areas that TSP has specifically moved to concentrate on. Broadband in the many areas, which you've pointed out is desperately needed or desired. In fact I think you're underestimating the potential of all that combined area and similar (my view).

Growth here (UK via BT) is I consider, a reflection of what is happening globally. No one wishes to be left too far behind or out of this technology race.

The insurance cover in my view establishes a reasonable foundation to the price and probably suggests TSP is now at a substantial discount, if & when it's paid out, to cash! Good to see you confirm my view there.

Icing on the top - with one or two chunky deals - wherever they come from, would certainly remove any present turmoil strain & catapult us forward. You may be right to await orders and change of direction, but can't see it dropping much from the present range. Besides good news always arrives when I'm away somewhere, or focused elsewhere.

I'll look forward to your updates & hope China surprises you :-), cheers, GG

[superbigal] 04/11/2004 17:00

Did not mean to be cheeky GG but rest assured my info is from the proverbial horses mouth.
I know all the marketing quotes !
NONE of the Telmax Broadband extenders are BT targeted.
The ONLY likely solid markets next year will be Egypt, Iran (If Bush stays out) & small orders from the russian states/Serbia/Poland/Kazakstan style areas. These are the countries that currently take the Telmax range and thus naturally would take all adaptors/extenders.

They may well crack South America (particularly Cost-Rica).(One of the alleged delayed contracts).
Turkey & South Africa would like it but have NO cash to splash.

I believe (only my judgement) that China is pie in the Sky.

These developments could well reduce BT costs in gaining Broadband Access to rural type areas but as far as I can tell BT dont give a toss about these type of potential customers.
The BT homehighway contract is a dinasaur which is fading fast.
Dacs the line splitting black boxes you see up telegraph poles is officially now extinct.
Forget about the Telspec/BT partnership it just is not going anywhere.

I am happy to keep you informed whatever I know.
I do accept the Shareprice could quadruple in a good month however the current turmoil does not tempt me at the moment.

To keep you updated on the Fire Issue.
Telspec will not build any product in their Perth Factory this year.
The surface mount machines are f---ed.
The Insurance will pay out in full including what I approximate for £2million of obsolete material and finished goods.

Now if you had all that dosh would you buy new equipment and reopen the factory or go out to sub-contract and keep the spondulicks ?

SBA

[goldengoose] 04/11/2004 16:00

GENEVA -- Telspec, the UK-based telecommunications equipment company, has signed an agreement with Californian-based Actelis Networks to add the company's MetaLIGHT Digital Subscriber Line systems to its portfolio of copper-enhancement solutions for telecom access networks.

The systems use SHDSL technology to enhance the bandwidth capabilities of copper subscriber lines to a maximum of 67 Mbps in each direction, over distances up to 5.5km. They will be offered by Telspec as part of 'Ethernet in the First Mile' (EFM) applications.

"The MetaLIGHT system, with its very high bandwidth, good range and fibre-quality performance, complements the other broadband copper-enhancement solutions in our portfolio," said Jeff May, Telspec Group Sales and Marketing Director. "It will give us even more flexibility in meeting the broadband needs of telecom network operators in Europe and the rest of the world".

or

UK-based telecomms company Telspec has launched its TelMax family of DSL systems that are designed to provide telecomms carriers with a low-cost method of deploying a broadband service.

The company goes on to state that the products are scalable and so operators can add new shelves and circuit cards in order to keep pace with growing market demand. Also, due to the low cost of deployment it will make it more economical to roll out broadband to areas of the country that are not yet covered, as there is not enough interest in high-speed Internet connections.

Or

Just look at their site for the Broadband TelMax details.

Worldwide roll out of Broadband and ass. services, products & systems continue to grow! Old quotes maybe, but I'm surprised you had to ask Sb ;-)

TSP continue to focus on the Transition of product portfolio from Voice to Broadband and while the BT Home Highway contract was extended for another year, results show BT are very focused on Broadband roll-out. I'd like to think as time goes by they'll find other Telspec products very useful. TSP aren't developing them for laughs. However, global sales could make BT a bit of a minnow as time goes by. GG

[superbigal] 04/11/2004 14:44

GG I know you seem to have your finger quite close to the pulse butWhats Telspec got to do with BTs broadband Connections ???

[goldengoose] 04/11/2004 13:46

And good news on broadband connections helped shares in BT Group shares add 0-1/2 pence at 186. BT said its broadband figures for the second quarter were the best ever, with 600,000 connections made.

[goldengoose] 04/11/2004 07:39

Zarin, firstly I must reiterate my 'assumption' (shared by others) that the accidental fire, very likely played into the hands of Telspec (pending awarded claim & amount). They were at any rate continuing to reduce the Perthshire output actively trying to outsource more, as well as transferring resource to larger growth areas such as China. R&D continue to concentrate on speedier, more economical, products to replace lost revenues. Therefore after the difficulties have finally passed, they should emerge leaner & more relevant to the worlds industry & demands, they're looking to maintain a strong position, and in my book look very attractive.

CEO Shiv Rakkar is no fool and linked with Harris (ex BT), believe both offer investors great potential, either as full recovery to be achieved, or just as likely, possibility of a bid along the way. Sure, contract delays haven't helped, nor has the fire in measure, but certainly few other negatives remain with a PE of 4/5 & a few M cash, it all offers a fine reward upon a few positive pieces of newsflow. Qualify recovery or reestablish a growth trend & it could well be off to the races.

Arbuthnot - in my view, ought to be eager for some significant news if they're to issue a note. Fingers crossed they get those pipeline orders, if and when they arrive, we should certainly have something to sing about. In reality there has only been a tiny dribble of selling, few seem in a rush to buy (for now), can't say I blame them without SOLID news, however, tsp appear to be significantly undervalued at this juncture by my calculation & expectation.

Great PE, Strong Management, Emerging markets, Quality Products, Excellent R&D, Insurance claim, Reduced overheads, convinced me to dabble back & wait patiently – which is what I do best. GG :-)

[made1686] 03/11/2004 19:58

6% up some one knows some think

[friendzarin] 02/11/2004 16:09

Hi gg
Be interested to know what makes you positive on these.I was at the AGM last year (the only investor) and if things were bad at that stage (having just been let down on orders by BT) they have been a disaster since.
There has been absolutely no concrete signs in the public domain that they are doing anything other than contracting to an unsustainable trading model... please tell me why you think differently.

John

[goldengoose] 01/11/2004 07:14

You're obviously not very close to the company, or R&D team :-)

[judgement] 29/10/2004 22:29

Seems to me they're a bit like Dataflex. Telspec had a small range of telecoms products that sold well for a period, but now have been left behind in the development race, and are too small to catch up.
The Aisian issue is a red herring IMO. The pressure is coming in the other direction, with a multitude of Aisian manufacturers depressing margins.
Must be getting close to the time that they have to decide whether to cut their losses and return funds, or carry on regardless!

[goldengoose] 25/10/2004 09:01

If they succeed in breaking into Chinese / Asian markets, 20M might in time, seem like small change! In my view they are addressing their problems intelligently and proactively. A little longer (few months) we should have much clearer direction, my view is to hold or nibble away until news underpins their prospects. BTW I've recently bought back in after a long absence.

Appreciate your views and keeping us informed of what you know Sb $>) GG

[superbigal] 25/10/2004 07:09

I have invested 2 times at 15p and sold at close to 30p in the last couple of years. Cyclical moves are (or were) easy to spot if you knew when :).
Company is obviously well undervalued with relevance too assets.
There sharesave scheme to employees cannot value them at below 25p even with 20% discount !
However this time they are losing money at a rate which could hardly be exceeded. As the slushfund disappears in the coming month things can only get harder.
Last weeks downsizing/redundancies of direct labour which has not been announced to the market yet is virtually impossible to reverse. This means attaining turnover of over 20million pa which they need to break even is rather difficult to achieve.
Will keep you informed. At this stage I am NOT a player.

[made1686] 24/10/2004 09:29

superbigal boy plunger dyor

[super boy plunger] 23/10/2004 14:43

Superbigal

You seem to know TSP very well. Would you invest in TSP? If so, then what would your entry price be?

Ta

SBP

[boggys] 20/10/2004 11:38

Iwas told there was something in the EXPRESS PAPER TODAY. ???

[des56daw] 19/10/2004 11:52

Do you think they waited until after they got the OK from the insurance
company that they would pay out before they announced the fire, looks like it !
If I was the insurance company I would not be too hasty in paying out.
Were the CCTV cameras turned off that day ?

Des