Thruvision Share Discussion Threads

[smithie6] 28/3/2024 11:40

So, Simon Cawkwell has suggested this share recently.
After a quick look I think he is wrong.
Share price is held up mostly by hope imo. Based on the financial numbers it is still overpriced imo.

And Cawkwell writes that the share price is supported by cash per share. He must be looking at different accounts than me !
£5m cash doesn't support a cap. value of £29 million !

[slicethepie] 22/3/2024 09:56

I think there may be a bit more urgency to this than prior upgrades...from Nov presentation .TSA policy change is requiring US airports to upgrade security technology for screening employees

[hastings] 20/3/2024 21:54

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.

[slicethepie] 20/3/2024 10:34

An RNS has to be significant to the companies prospective else it is a reach, clearly you know more than the advisors !

[z1co] 20/3/2024 09:08

Thicko i'm NOT blind , peeps like you that enjoy deramping quite often also post like you nb i actually own , which is just b/s.

All your posts are of bearish nature suggesting you don't own.

You're just another TROLL.

[pugugly] 20/3/2024 09:01

Z1CO- You obviously are blind - Read post 289.

[z1co] 20/3/2024 08:47

PUGUGLY

Are you short on the stock or are just a troll that enjoys deramping ???

[pugugly] 20/3/2024 08:16

slicethepie. I also looked it up before posting the above = Tells us as investors nothing - Same as "there was an exam and adjudicator controlling the examination" Not the results.
I stand by my opinion. Useless for investment purposes.

[slicethepie] 19/3/2024 20:09

I bothered to look it up rather than guess!Report(s)Within two months of test completion, or sooner at the airport's request, Safe Skies will issue a report to the airport for each system evaluated. This document will describe the tests that were conducted and how the system performed. The report will also be made available to Airport Security Coordinators at all US commercial service airports. Each vendor will be provided with a briefing that describes the results of their system's testing, with the agreement that they may not use the results for marketing.

[pugugly] 19/3/2024 18:21

Useless announcement (imo) Does not tell investors how well it completed the tests. Similar to saying "I passed my GCSE's" without giving the grades. Unless the evaluation is just a pass or fail mechanism - rns Should (imo) have given more details of the USP's resulting from the evaluation.

NB - I hold

[bprofit] 19/3/2024 17:43

Good PR today:We're proud to announce our WalkTHRU system has completed operational test and evaluation by the National Safe Skies Alliance, Inc. (Safe Skies) at San Diego International Airport.Safe Skies' Airport Security System Integrated Support Testing (ASSIST) Program is a collaborative effort between US commercial-service airports, the Transportation Security Administration (TSA), the Federal Aviation Administration (FAA), Airports Council International-North America, American Association of Airport Executives, and Airport Consultants Council. Safe Skies created the ASSIST Program to fulfill its core purpose of helping airport operators meet their security responsibilities using a transparent process for identifying, selecting, and executing projects that are designed to create a more efficient and effective airport security system.

[jimbren] 30/10/2023 20:44

More Levantine turbulence=>more orders?

[jimbren] 30/10/2023 20:43

Seemed also to have got a 2nd new shareholder Deutsche Herold, and coped with Lombard Odier selling. Well played Thruvision (if correct).

[mr macgregor] 24/10/2023 12:15

Without the cash injection they wouldn't have been a going concern. I'm expecting around £3m cash burn for the year due to the failure to secure the big US order. At least they've managed to raise on reasonable terms in a difficult market. Revenue very lumpy and over-reliant on US CBP.

[pugugly] 24/10/2023 07:26

"The Placing Price of 23.5 pence per share represents a premium of approximately 6.8 per cent. to the closing mid-market price of 22.0 pence per Ordinary Share on 20 October 2023 being the latest practicable date prior to the publication of the Launch Announcement."
Closing price yesterday 21/23 pence.

[nchanning] 02/10/2023 11:24

This update absolute disaster imo deserves far more than 15% fall . Budget constraints can easily be a precursor excuse to just giving up on the tech and there was huge customer concentration here . Also a great reference point for other customs agencies but not if USA giving up on the tech

[pugugly] 02/10/2023 10:44

Progressive note today very negative on virtually all metrics -

[volsung] 02/10/2023 08:47

Too expensive to buy now
Maybe look again at 12p

[hastings] 06/7/2023 08:41

Nice to see the share price nudging up in recent days!

[gerihatrick] 06/6/2023 10:53

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.

[gerihatrick] 31/5/2023 13:49

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.

[melloteam] 17/5/2023 12:09

Just to let shareholders and prospective investors know that ThruVision will be presenting on the 23rd of May next week at Mello2023.

We have created a two day physical investor conference at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[wjccghcc] 21/4/2023 07:49

Good update but it's below Progressive's forecasts of 12.7mm and 0.1mm +Ve EBITDA.

[hastings] 21/4/2023 07:11

Excellent update revenue up by 48% with a record final quarter achieved on the manufacturing front. Plenty to go for on both customs and retail, with aviation a possible added bonus if US clearance is forthcoming.