Thruvision Share Discussion Threads

[hew] 01/5/2018 14:46

Two buys this afternoon, one for 100K shares and one for 200K shares. At about 12p not £huge but not exactly run of the mill either. News soon perhaps?
DYOR

[fillipe] 15/3/2018 15:17

Being steadily bought, although few seem to be aware of THRU...well, at least for now.

f

[value viper] 12/3/2018 19:05

LOL.....and some of the others ?! great % spike today and plenty of volume...

[slicethepie] 12/3/2018 16:29

Where's sammyshares gone?

[slicethepie] 12/3/2018 07:11

Fab update....still got £17m cash !

[value viper] 07/3/2018 12:00

we have a few 10p nibblers I see

[pugugly] 02/3/2018 05:38

Leyton1328- I think you may well be correct at closer to 11p - and that the debt of £6.2 million needs to be deducted from the cash receipt of £25.5M Teach me to double read all the announcement.

[leyton1328] 02/3/2018 04:00

Value Viper - I do think it's a positive sign, however after Tom Black's involvement in the management buyout, re-float and then acquisition of his first company Detica, that man has money to burn. That share purchase was small change to him that he could have done just to attempt to cultivate some investor confidence. But he could be spotting the same value that we are and trying to take advantage, we'll have to wait and see.
Agreed on the update, hopefully something any day now!

[value viper] 01/3/2018 20:41

also, do you not give the significant buying by Tom Black any value ?
an update of some form must be (over) due.

[leyton1328] 01/3/2018 20:00

Hey PUGUGLY - I think we're approaching this with the same logic which is reassuring to see. I did the same calculation and I agree, but I think we also need to subtract the repayment of the 6.2m debt facility that the company utilised after the last balance sheet date because they said the deal was on a "cash free, debt free basis". I am basing this on the extracts from the two documents below. Factoring that in means we have cash from the deal worth 19.3m or 11.7p per share, with the possibility of increasing to 12.9p per share if the Video business gets that mysterious contract. So even allowing for some cash burn in the last six months since the deal the new company still looks to be trading below or very close it's cash balance. I think this provides a large margin of safety for the undoubtedly significant future uncertainty of the scanner business.

Here are the two exerts that I have based these sums off. If you, or anyone else, thinks I've got this wrong it would be great to hear from you.

Notes to financial statements 2017 Annual Report:
"Should the proposed divestment of the Video Business proceed the secured revolving 2 year £10 million credit facility provided
to the Group by Investec Bank plc (which is secured by a fixed and floating charge over the Group’s assets and includes covenants
which are tested quarterly) will be repaid in full. The facility was not being utilised at 31 March 2017, but at the time of approval
of the financial statements is drawn to the extent of £6,094,000 with a net debt position of £4,167,000."
(Note here that the approval date was also after the last interim balance sheet date hence why this amount was not not included on that balance sheet either).


Sale proposal 09/10:
"The net proceeds of the Disposal, after payment of transaction costs and the repayment of approximately GBP6.2 million of existing indebtedness, will provide a robust balance sheet for the on-going Thruvision business."

[slicethepie] 28/2/2018 20:01

Imagine being the client Schroders sold for. dear client, we have today sold your holding in Thruvision at a 35% discount to the prevailing price. On a positive tack the market maker managed to make circa £40k from the trade by knocking them out at various prices ranging from 12 to 10p. Our remaining holders are a little disappointed as the value of their holding is now 25% lower as a result. Tootle pip.

[value viper] 27/2/2018 16:02

can you elaborate Mull ?

[mull3r] 27/2/2018 15:59

Is it possible that this is an operation to provide liquidity?

[value viper] 27/2/2018 15:35

schroders seems to have trimmed y'day by a smidge - to under 20% - bit odd unless they salvaging what they can ?!?

PUG - most recent update was 15/12/18
20/12/18 Tom Black again buys massive @ 15.49p ? (maybe he likes to lose money)

15 December 2017
Thruvision Group plc
("Thruvision" or the "Group")
Interim Results for the six months ended 30 September 2017
Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, announces its unaudited results for the six months ended 30 September 2017.
Key Highlights
-- Completion of sale of Thruvision Group PLC's Video Business in October 2017 for a maximum consideration of GBP27.5 million
-- Total Group revenues in six month period ending 30 September 2017 of GBP11.6 million (H1 2017: GBP13.3 million) with total Group loss before tax of GBP13.8 million (H1 2017: GBP5.1 million) of which GBP11.3 million relates to discontinued operations
-- Thruvision revenues of GBP0.3 million (H1 2017: GBP0.6 million) with segment operating loss of GBP0.9 million (H1 2017: GBP0.4 million) and Central costs, which mainly relate to PLC overheads, of GBP1.6 million -- Thruvision trading better since completion of sale of Video Business early in H2
-- Cash at 30 September of GBP2.5 million, with cash at 14 December of GBP17.3 million
-- Process underway to return excess funds from sale to Shareholders

Commenting on the results, Tom Black, Chairman of Thruvision, said:
"With the sale of the Video Business successfully behind us, I am pleased that the new, more focused Group is starting to demonstrate good progress. Recent trading momentum has increased considerably relative to a few months ago and I remain confident that Thruvision is well placed to become a leader in the potentially large, international people-screening market. "

[value viper] 27/2/2018 12:18

the cash is in the bank and most should be on way back to shareholders soon - update required
that cash i reckon is about the equivalent of the market cap now so the THRU technology (IP VALUE) and potential "in essentially for free"
UNLESS I have this completely wrong ?!?

[rambutan2] 27/2/2018 03:17

Drop due to someone letting go of 1.4m at 8.5p.

[mull3r] 26/2/2018 14:49

Buy backs coming????

[slicethepie] 22/2/2018 15:42

Hey spammy even you couldn't burn through the £17m cash they currently have!

[b1ggles] 22/2/2018 12:58

The little button with the 'A' on it is the Caps Lock