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Share Name | Share Symbol | Market | Stock Type |
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Thruvision Group Plc | THRU | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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2.75 | 2.75 | 2.75 | 2.75 | 2.75 |
Industry Sector |
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SUPPORT SERVICES |
Top Posts |
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Posted at 08/11/2024 09:13 by gb904150 My issues with THRU are more centred around:per half year: £2m revs Gross profit £1m Admin expenses £3.2m Maintaining the expectation of £9m for the FY. On the upside there is the chance they announce a big H2 order. But I doubt it can be delivered in H2, so revs will disappoint. In the meantime cash and equivs at £1.8m are rapidly depleting, hence all the share price weakness. So really it comes back to whether Pentland Capital Limited (the investment business of Pentland Group) who supported the 2023 raise at 23.5p, taking £2.5m of the £3.2m raised are still supportive and at what price. For me, the future promise is great….but it's still a long way from breakeven. It likely needs a couple of raises yet, so it will be all about the price. |
Posted at 07/11/2024 22:20 by gerihatrick Should the fact that Trump has won the election lead to better border security and hence benefit THRU? |
Posted at 14/10/2024 11:06 by martinmc123 A soft HY trading update from the leading international provider of walk-through security technology. Revenue is expected to be £1.9 million down from H1 2024: £3.5 million, while the current order backlog is £0.3 million which is down from H1 2024: £1.0 million. Management indicated that Full year revenue is dependent upon the timing of significant contract awards, which is unpredictable. However, inventory lead times mean that there is likely to be a modest slippage of revenue into the next financial year. The Board now expects revenue for the full year ending 31 March 2025 to be approximately £9 million up from FY24: £7.8 million, but significantly below consensus expectations of £11.5m...from WealthOraclewealthoracle.co.uk/d |
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 09:53 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 12:49 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 09:15 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 06:20 by hastings Excellent news this morning from THRU with the US customs border control. |
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