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THRU Thruvision Group Plc

18.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Thruvision Group Plc THRU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 18.00 08:00:29
Open Price Low Price High Price Close Price Previous Close
18.00 16.85 18.00 18.00 18.00
more quote information »
Industry Sector
SUPPORT SERVICES

Thruvision THRU Dividends History

No dividends issued between 21 Apr 2014 and 21 Apr 2024

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Posted at 20/3/2024 21:54 by hastings
US border force already uses Thru tech and has been doing so for sometime, so it isn't a case of it about to happen as suggested in the link piece. Additionally, it has already been used for military personnel clearance at specific airports, it has just taken an age for the commercial aerospace opportunity to emerge.I believe it was four years or more that they expected positive news on the latter space to come through within a couple of years of that, which hasn't happened. Perhaps it's time is finally arriving, although I won't hold my breath.
Posted at 06/6/2023 10:53 by gerihatrick
One of my hopes is that THRU will facilitate throughput at airports. In discussing it with a friend who works at one he tells me the issue is not related to human throughput but hand luggage flow. London City has just signed up for a luggage security system but I am not sure if that includes the hand luggage component. Any speed up of throughput has to combine both hand luggage and people. THRU solves the people segment but the hand luggage side is integral to the overall process. This might explain the delay in THRU getting any business from this sector.
Posted at 31/5/2023 13:49 by gerihatrick
Thruvision (THRU)

The CEO Colin Evans presented at Mello as he does on a regular basis. As a retail shareholder I appreciate that. I find him an open and approachable person and do not feel I am receiving a heavy duty marketing exercise.

Its USP is that it is the only company with proven patented technology in the US; UK and EU which can screen people at walking speed, achieving a throughput of 800-1000 per hour. In February 2023 it announced its walkTHRU concept in conjunction with NEXT. This means it can always screen 100% staff, therefore ensuring 100% deterrence, as opposed to spot checking individuals on an occasional basis.

Retail distribution centres (RDCs) are their largest market with the least competition. They service Tesco; Next; Boots; JD Sports and many others. They have announced a contract with CEVA Logistics who are a global company with 1000 facilities in 170 countries. This is a large market with 20k RDCs across the US; UK and EU. They are supplying 100 so far. ROI averages at about 6 months.

International Customs Agencies. The largest customer is the US Customs and Border Protection (CBP) plus another 11 agencies. They have facilities at 20 ports of entry into the US which are key reference sites. They now have 118 systems across CBP; airports and cruise line terminals.

Aviation. Their technology is only used by 3 airports, and for employees only. They await approval to provide this service for passengers. That is the major opportunity in this area. The good thing is that only one body handles all the issues of managing airports. (The UK has 3 bodies managing different functions in airport management) This is the Transport Security Administration (TSA). Despite this, decisions are slow and passengers suffer. Anyone going from the UK to New Zealand via Los Angeles can vouch for that!

Entrance security to events is the final string to the bow. It is not a key market. The Manchester Arena bombing at a concert is an example where it would have been effective.

Revenue for 2022 was £8.4m; LBT £2.3m and loss per share was 1.1p. In 2023 revenue was £12.4m with a LBT £0.8m and loss per share 0.4p. Cash YE 2023 was £2.8m while payments for product delivered in February and March had not been received. Q4 had been particularly strong and 40 systems had ben delivered in the final month. They anticipate being profitable in 2024.

Nearly 80% is held by funds. Schroder hold 17.5%; Canaccord 16%; and HIT 10.4%; The Chairman Tom Black is also the NE Chairman of HIT. The relatively new CFO and her husband bought 90k in February @22p.

Progressive Equity Research “cover” THRU. I have re-invested following the Mello event.
Posted at 13/4/2023 10:15 by gerihatrick
My concern is that London City Airport has put in a security system that is not THRU. Does this undermine their aspirations in this sector? At the same timevthey do seem to be progressing in the profit protection side. Unclear on progress in border protection.
Posted at 28/2/2023 09:53 by hastings
Thru newsletter announcing that production reached record levels in February for cameras. It also tweeted a few days ago that Next has now deployed its WalkTHRU screening system at a further two distribution centres. Momentum appears to be really building here.
Posted at 23/2/2023 08:12 by hastings
The latest news on employee theft should perhaps further highlight the THRU profit protection benefit.
Posted at 03/10/2022 07:20 by hastings
Excellent news this morning from THRU with the US customs border control.
Posted at 29/10/2021 09:08 by tomps2
Leo Investor ‘slams’ Thruvision (THRU) at 44m13s in the latest PIWORLD/Stockopedia Stockslam

Watch the video here:

Or listen to the podcast here:
Posted at 12/7/2021 07:53 by pugugly
"With differentiated products, a very competitive market position and a strong cash balance, we expect to return to growth this year and remain confident in our strategy, market drivers and long-term opportunities."




Badly impacted by Covid - Revenue down - Loss increased - Still a long way from becoming cash flow positive. However "Cash at 31 March 2021 of £7.3 million (31 March 2020: £8.4 million)"
Market cap as of pre-open £41m -
Opinion - A must have product but not enough buyers yet - However in the current over-heated market might be seen as low hanging fruit by an American vulture, but maybe to small to be of real interest (imo)
Will have to wait a few minutes to see how Mr Market reacts-
Posted at 01/12/2020 07:06 by masurenguy
Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market , will be giving private investors an introduction to its business on Tuesday 8(th) December at 4.00pm. Please register your attendance here:

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