Transense Technologies Share Discussion Threads

[sojourno] 18/4/2018 12:44

Mattjos... Your record suggests otherwise; talking up or down to suit your position I have found you to be thoroughly untrustworthy. Your trading history here also suggests you are outside of your comfort zone and don't really know what you're doing.
FWIW I did say 'when the time is right' but you chose to ignore that and lay into my post, which says more about you than it does me.

[piggyinthemiddle] 18/4/2018 11:13

Yes,just a shame the mine cos aren`t buying.

[major courtenay] 18/4/2018 09:07

I have some sympathy with the cash preservation view. I think their logic is that you have to invest to grow the business and I know that a fair wad of cash has been put into data analytics to ensure top notch provision to the mine cos.

[amt] 18/4/2018 08:13

Running out of cash was always my worry and if they go back for more cash, well that would be inexcusable. It would have been simple to cut costs to the size of the business and make cash last for many many years.

[piggyinthemiddle] 17/4/2018 23:09

I guess all this proves the old maxim-never fall in love with a stock!

[mattjos] 17/4/2018 22:50

Sojourno .. whether I buy or sell is an irrelevance in the context of your last hugely mis-leading & delusional post.

If TRT management even dare to dream of a USA listing, it is but for one reason .. to try & raise yet more funds from new ignorant bunch of overseas investors in order to perpetuate their ridiculous salaries and benefits & try to eek out another 5 years.
They should be working for nada at this stage of affairs. If their belief is so strong in the product and their ability to sell it, I am sure they would be happy to take stock every month and not the fast diminishing cash.

[arthur_lame_stocks] 17/4/2018 21:06

I'm quite a recent investor, bought a few (a very few) at about 1.35p in old money so now sitting on a pretty substantial %age loss. At the time trading prospects looked about as promising as they ever have done and I think it was after they had sold IntelliSAW which proved there was at least some value in the IP.

My rationale was that they had a chance of making a success of it and if they ran out of cash again they could probably sell the rest of the IP for at least the price I paid.

I went to one of the investor presentations in London because it was convenient for me and I specifically remember the FD telling us all that if turnover stayed static they would be cashflow neutral. Well as far as I can see turnover has stayed static and they are still burning through their remaining cash pretty quick.

Frankly I think they will run out of cash again. They'll never be able to raise funds from institutions so if they want more cash they'll have to rely on their PI base. I wouldn't put more money in no matter what but I can see that some shareholders who have held for years and lost considerable sums might not want to give up. I'm not sure how long this has been listed but looking at the profit and loss account before the capital reorganisation there was a deficit of around £22m and yet after all those years and all that cash they are still only turning over £2m a year.

IMO if the next set of results don't show a considerable improvement in turnover and cash burn then I think it's time to pull the plug while there's still a chance of getting something back.

[sojourno] 17/4/2018 20:53

Mattjos declared in February that he's been buying on lows.

[piggyinthemiddle] 17/4/2018 20:34

Unfortunately.I have to agree with the last post!

[mattjos] 17/4/2018 20:17

Politely Sojourno .. what a load of cobblers! This would be ditched to the pink sheets and left to die on a USA listing.Folk ain't buying on the company projections for one simple reason .. management have yet to deliver on one single projection they have ever given!The last wheeze was to consolidate the shares in order to tighten the daily spread and facilitate institutional buying.Spread has got worse, price has collapsed far below the pre-consolidation price and institutional buyers are less visible than flying pigs.Sales, sales & sales ... this is what it is all about for a company this size. Management are not selling enough. The location of its listing is a complete irrelevance.

[sojourno] 17/4/2018 19:43

I agree we're undervalued.
The reality is that the share price is suffering from AIM fatigue. That is, ever since the collapse in 07/08 confidence has evaporated. There was a brief period or two when it looked like breakeven would be surpassed and held but the last year or so has even seen confidence in that evaporate.
That is not to say we have no potential, it's just that investors are no longer forward looking. It's very much a "problem" with the AIM market in particular: UK investors are much more circumspect and don't look at potential as much as US investors. IMO AIM has been spent for us for some years.
As soon as we have light on a launch date for large production runs from any one of our Majors we should start the shift to a US listing. The US are already much more interested in us (analysts anyway) than the Brits are as shown by the links I posted recently, but they can't buy without difficulty. I've gone into how we can do this without being dilutive, in fact it would be anti-dilutive. I've talked to the BoD about it and we all agree it's a matter of getting the timing for it right.
I certainly haven't given up on TRT. We still have great potential; and we're producing more goods than the old days... it's just that UK investors aren't buying-in on any projections.

[amt] 17/4/2018 17:42

The downward share price has been a fairly accurate indicator in the past. Basically the worst investment I have ever had. I sold out though mostly and bought Biom. No point in throwing good after bad.

[monty68] 17/4/2018 16:55

It would ceertainly be nice to get some news

[major courtenay] 17/4/2018 16:12

My concern on iTrack is that competitors have realised they’re missing a trick and have been muscling in, with the financial clout to undercut our offering with substantil discounts we’re in no position to match.

It won’t be enough to compensate, but I wonder how the probes are selling after the partner marketing push.

[drw1] 17/4/2018 15:24

I think speculation rather than reality currently drives the shareprice.

[assagai] 17/4/2018 15:01

Hi drw1, you do sound continually up-beat. Do you know something or are you the last of the great optimists? Must admit I am really surprised to have heard nothing on Itrack for so long now.

[drw1] 17/4/2018 14:56

My guess is we will hear something soon.
Hopefully the situation is a little better than the share price suggests.

[albert_einstein] 17/4/2018 14:46

drw1,

People have been saying this forever. The silence from management is deafening.

[drw1] 17/4/2018 14:07

FWIW-I don't think the current shareprice reflects the companies value.
Worth re-reading the statement with the Interim results.
My guess is that some of the shareprice fall is in some way related to Beaufords demise.

[piggyinthemiddle] 17/4/2018 14:06

Looks like no and yes in answer to your questions unfortunately!

[kenone] 17/4/2018 13:50

Downward spiral continues. Does anyone on this thread know what's going on ? Are the last remains of my investment finally being flushed away in failure ?

[major courtenay] 12/4/2018 10:15

Something I’d like to know is the number of current iTrack trials in mines and how many have ceased without purchase / rental and whether any smaller purchases have occurred without RNS. In the last couple of years or so the number of trials jumped from 4 to 12, then fell to 9 then rose to 14. If these were just a flash in the pan they will have been an expensive one.

[drw1] 12/4/2018 07:54

Emmerson paid £2.9 million for a small part of our IP back in 2015.
G.E. see's possibilities in our IP-just maybe something might transpire there that brings some cash in.

[amt] 12/4/2018 07:31

Historically the share price has reflected closely the prospects. So this time looking very bleak indeed.

[arthur_lame_stocks] 11/4/2018 23:56

I reckon the IP is worth more than the market cap, but at this stage I also think the company is going to run out of cash again.

I won't be supporting any fundraising no matter what, if they can't make a go of it this time then I think it's time to throw in the towel.