Transense Technologies Share Discussion Threads

[shifter2] 26/9/2023 12:42

Yeah see you in few years by then may have a few quid back on our money

[major courtenay] 26/9/2023 10:39

Always a few bored traders knocking around too, to drip feed liquidity. Especially after results.

[shifter2] 26/9/2023 08:47

Yeah fact fund picked up good chunk shows you can find stock if you want it

[major courtenay] 26/9/2023 08:24

I think there are some share sales being placed by the grim reaper, frankly.

I know of one fairly chunky holding being slowly unwound to pay long term nursing home fees. Not everyone has any say in the decision.

[shifter2] 26/9/2023 08:12

Enjoyed the presentation joined party in my forties I wonder how many may struggle to see this to its conclusion you feel it needs 3 more years to see £2 plus

Thanks for answering my question yesterday appreciated and good luck all

[mavix1992] 26/9/2023 07:22

Nigel Rogers is the man. "Sorry whenn I'm bleeding, i had a small head surgery this morning" And then he sits their and is talking over an hour to investors, awesome. Really good presentation. I always saw the Translogik business as a small, but profitable side gig in my thesis, but it seems like manageement sees much more value in it in the mid-term. Very interesting.

[glavey] 26/9/2023 05:36

Lest we forget...


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[mister magpie] 26/9/2023 05:17

A slightly more positive update but continues to be dependent on a SAW breakthrough, which still may never happen, with a further long wait likely if it does.
Let’s see.
No cause for excitement in my book but for hope perhaps yes.

[mattjos] 26/9/2023 02:05

I've rarely head such a conservative yet very bullish outlook interview with such competent management in that interview.
Boy, have they got some stuff to go at in the years ahead! & from such a strong position.
Quite clear that 'weak' & tired Retail investors are selling out to IIs and to the company & to management themselves ... a genuinely bizarre situation but i guess that's what stale bulls do. I'm adding.
Company really is in such a strong position, particularly given the broader economic backdrop, which was again well flagged by management.
Opportunity of a lifetime, imo.

[major courtenay] 25/9/2023 21:15

The nature of how licenses will be negotiated makes me interested to see just what happens if agreement is reached with Parker Meggitt. It may be less money up front, but an interesting mix of closer involvement with the licensee + royalty over time.

I think once they hit that 10% of stock in treasury I’d be keen to start seeing a dividend. Just a little one. We want to leave plenty of room for yoy increases.

But yes, overall, it’s starting to look very interesting in the medium term. Real progress in the last year with more looking likely. I’m still fairly nervous as holding way too much stock here, but the nerves are less jangly now.

[waggle] 25/9/2023 18:36

some pretty ballsy forecasts as part of a presentation that was more detailed than its predecessors stand outs = margins now up to 87%, doubling of profits by fy 2025 projected cagr of 40%, 6% of shares in treasury with an implied strategy of taking total up to 10% to cover off all options, and last but not least SAW revenues possibly in 10@s of millions 2028 onwards!!?? you never know i might even get back to b/e price of £4.26. .....

[pugugly] 25/9/2023 17:08

Views on IMC presentation?

Seemed very promising, detailed and encouraging.

[mattjos] 25/9/2023 14:34

small jump in price alwats flushes out some sellers ... an ideal opportunity for the company broker to collect back some more shares as there is still cash available from the existing authority.
The world is going electric and the SAW Torque sensors are a fantastic means of dynamically monitoriung torque and constantly optimising electric motor performance.
The world has also got an inflaiton problem and the only real way to combat inflation is to drive up productivity - increasing adoption of robotics certainly fits that imnperative.

[king1pin2] 25/9/2023 11:40

Perhaps a signed and sealed deal for Saw would help lubricate the wheels on our bus but in fairness you have got to give Some of the older amongst us time to get off the bus now that we are over the pound mark.
I must say that the management have done a splendid job over the last three years so long may it continue.

[mattjos] 25/9/2023 11:05

Now closed period is over & Results published, Director buying shortly after the market opened - that a further positive sign.
Directors saying they believe the shares are undervalued & will continue to buy back more from the market + buying more themselves immediately the results are published.
What more do investors wish to see here?

[mattjos] 25/9/2023 10:17

also pleased to see they intend, subject to s/holder approval at the AGM, to continue with the share buyback programme.
They have clerly consulted with the shareholder base in arriving at this decision & I very much agree with their observation;
"The directors continue to view the Company's shares as undervalued at this level and will execute further market purchases when suitable opportunities arise."

I'd suggest the shares are trading at circa 50% discount to more appropriate valuation.
Likely valuation kickers between now and end of calendar year are u[dates on the Parker Meggitt deal & further progress in the Off-Highway & Robotics sectors (must confess I had not previously forseen Robotics) - obviously we have good prior knowledge of the Off Highway sector.

The BOD have nicely segmented the business & reporting structure and demonstrating their understanding of such sectlors by now clarifying the size of the opportunity in each together with firming up their goals over next 5 years.

All in all, a very solid and an exciting update which has been well articulated in today's update.

[drw1] 25/9/2023 10:05

From todays results:-
'Discussions with Parker Meggitt are ongoing, a further update will be provided in due course'

[mattjos] 25/9/2023 08:45

"The adjusted EPS before exceptional administrative costs was 10.20 pence."10x trailing EPS for a profitable growing tech co with mouth-watering gross margin and still £20m c/f tax losses.Far too cheap

[drw1] 25/9/2023 07:54

Laurence Hulse
@laurence_hulse
Cracking update from one of our core holdings
@TransenseTech
today, the
@InvestorMeetCo
pitch tonight is well worth 60 minutes of your time. Profitable, skin in the game, buy backs, huge growth opportunity, mid 80s Gross margin. Lots to like

[king1pin2] 25/9/2023 07:54

Reading through the fields of use and the addressable market in each segment gives me a warm feeling without even thinking about up front payments.

[drw1] 25/9/2023 07:45

Nothing at all in the forecasts for possible upfront payments on potential new SAW licence agreements-these have been substantial in the past.
Most recent was the $750,000 from G.E.for a relatively narrow field of use.

[king1pin2] 25/9/2023 07:38

I take it you mean Itrack agreement with Bridgestone ? Seven years left .
Very good set of results this morning so we’ll done to the team at Transense .

[arthur_lame_stocks] 25/9/2023 07:24

How long do they have left on that Translogik licensing agreement?

[pugugly] 25/9/2023 07:23

Happy bunny!! Results A+
"• Adjusted profit before taxation of £1.09m (FY22: £0.27m) *

• Earnings per share up more than 64% to 8.81 pence (FY22: 5.36 pence)

• Cash and cash equivalents at year end of £0.98m (FY22: £1.06m)

• Completed share buybacks of £0.40m (FY22: £0.30m)

• Distributable reserves at year end of £2.90m (FY22: £1.20m)