Transense Technologies Share Discussion Threads

[major courtenay] 30/11/2023 11:57

That’s my worry re Meggitt too. Too often when new management come in they wipe the slate clean. And it’s usually due to a personal whim in being seen to exercise control, not doing what’s best for the new company. C’est la vie.

[denisthamenis] 30/11/2023 11:53

You are assuming that the Meggitt M.O.U. will be renewed on expiry. This is not a given in my opinion.

[mattjos] 30/11/2023 11:48

Yesterday's market respomnse to the Trading Update seemed to indicate there were a few invested here hoping for a quick turn off the Meggitt news & they chose to bail out sensing there was not going to be a near-term trading gain opportunity.
Hopefully any such investors are mainly now gone.
A 2024 deal with the now enlarged Parker Meggitt group likely to be larger than it may previously been when it was just Meggitt.

[drw1] 30/11/2023 11:34

Encouraging to see Directors buying.
Clue to the companies prospects:-

'Actively recruiting to support growth opportunities – To support growth in both SAW
and Translogik, Transense has, or is in the process of, recruiting ten additional personnel,
including a Business Development Director for Translogik, three engineering and project
management professionals for SAW and a dedicated marketing manager to support
business development teams across both businesses. Most will start in the new year'

This represents a very significant expansion for such a small company reflects in my view a strong conviction of substantial future increases in revenue.

[major courtenay] 30/11/2023 11:33

Re new vs old management approaches, it’s worth remembering that the the old management was focussed on monetising iTrack - it’s why when Bridgestone bought the company (sorry, when Bridgestone bought the rather short license deal) about 70% of the company left. It’s because bar Victor K’s dept, everything was focussed on getting the iTrack income in to support bringing SAW to the market. We wouldn’t have a snowball in hells chance without the iTrack work that was put in, and the huge amount of work getting Bridgestone onside, who had to eat the humble pie of ditching their own in-house technology, which was inferior to ours but which had seen big investment.

Nice to see the slow but steady recovery continue. Will have a look at the meeting on IMC when it’s available.

Edit: and not forgetting of course that two key directors - Nigel and Melvin were on the old board.

[chester9] 30/11/2023 11:28

Now Mrs Roger's has bought 6500 at 94.75. Exec Chairman's wife

[mattjos] 30/11/2023 11:17

Managment remain very determined & persistent buyers of the shares & it's not as if their salaries are hugely inflated so this represents significant % of their net incomes ... one has to conclude they are (collectively) very optimistic / confident as to the prospects for the business.

[shifter2] 30/11/2023 10:53

All good kingpin for me we should been told about merger issues delaying deal long before the clock struck 12

See you next year going away been nothing here for while me thinks!
Best wishes to all

[scrapiron123] 30/11/2023 08:31

There are probably good reasons why deals haven't come good in the past, that can be imagined. The new team has put substantial effort into rethinking both the approach to the market and making the technology easier to adopt. Which you can see in the website and also the industrialisation work they've talked about. It's surprising in a way that this work is required in such a long established company, but probably says a lot about what was wrong with the approach in the past. Big companies don't like risk and the more adoption can be de-risked the more likely adoption will be.

[sojourno] 29/11/2023 22:48

It's not this BoD's track record but TRT history relates that once a signatory goes quiet they're not heard from again. The market has reacted poorly because of that. A statement from M P-H would go a long way to reassure.
The wording of the MoU's announcement:-
"Under the MoU, Transense will support Meggitt's evaluation of potential market opportunities for future deployment of SAW technology in the aerospace sector, with the shared intention for Transense to grant a licence covering relevant fields of use to Meggitt at the conclusion of the MoU on or before 31 December 2023."
Implies there would need to be an extension if things drift past the 31st.
Todays "Transense does not expect to conclude a licence by 31 December and will provide further updates in due course." implies we'll hear about an extension or a conclusion (nothing) soon.
Director buying suggests to me that they are pretty sure this will continue positively, but news may not be for a few weeks (nor need it be).
So I'm happy to let the share price drift, and people can top-up as they see fit.
GLA.

[king1pin2] 29/11/2023 20:44

Perhaps I am missing something shifter but can you explain your post. Let me explain, I would be happy to see the share price reach the option exercise price of £1.50 at some point in the future. I think we all know that any Saw deal of substance will take our share price over the magic £1.50 level so it’s quite clear that in order to get the benifit of the options a saw deal has to be penned.
Our management are not VERY well paid and they have all aligned themselfs with shareholders with substantial personal shareholdings held so I have no doubt that they are working for us the avarage investor . In my opinion .

[scrapiron123] 29/11/2023 17:42

The subtext was a delay to Meggitt due to Parker, which is out of TR control, but significant progress in aero independently of them. Other than that seemed like good progress bringing this business back to life! Answers to Q's implied the business is busy and capacity constrained which will open up in new year.

[underthetree] 29/11/2023 17:04

Only 15 or so people in the whole business, so cannot be TRT that are large and bureaucratic! But many of the customers are and are developing things like new vehicle powertrains, new aircraft etc not short term programs huge multi billion investments,

[cousinit] 29/11/2023 17:01

Or are large and bureaucratic with centralised budgeting/decision making...

[cousinit] 29/11/2023 16:20

One thing I did register this morning was the comments about the new hires as they were struggling to turn around enquiries/requests promptly. In the final results presentation Nigel commented on how quickly they were able to turn these around and so any delays were at the customer end.

Could be a sign that there is increasing activity (but limited revenue to show for it at this point) or maybe that we had a wider perspective today from Ryan (they were busy before but are only getting more people now!)

[chester9] 29/11/2023 15:20

Average buy price 94.8 and 97 14.6k shares in total

[chester9] 29/11/2023 15:18

Melvyn, Ryan and Stephen all bought shares today.

[king1pin2] 29/11/2023 13:46

Being honest the agm was over in 20min so just about passing the resolutions and one or two questions .

[gnnmartin] 29/11/2023 13:21

I'm more disappointed than most. I had expected at least some good news from somewhere: TRT were so bullish in every direction at the last presentation: tyre inspection tools were looked to have a much bigger future, Meggit news looked imminent (I was asleep when the Parker takeover was announced) and we hoped that Bridgestone would speed up, not slow down.

I still think the potential is large enough to more than justify the current share price, but the future looks less clear and more distant.

I couldn't attend the AGM: I hope I will be a bit mollified when I listen to the recording.

[globe] 29/11/2023 13:14

*Yawn* *Yawn* *Yawn*

[mister magpie] 29/11/2023 11:01

Miserable but unsurprising update.
It’s patently obvious to me they’re nowhere near to landing meaningful SAW income.
Entirely warranted and understandable market reaction on a thinly traded stock, with the bigger surprise its recent overpriced position at over £1.
I think it’ll settle at 75p to 95p until (if indeed ever) there’s a meaningful SAW income announcement which could be some time away.
I’m continuing to hold of course with a target of 120p by 2027.

[mattjos] 29/11/2023 10:57

all resolutions passed at AGM so the Buyback mandate for up to a further 1,643,774 shares to be purchased is enabled.

[2vdm] 29/11/2023 10:50

I agree. I think the sale is overdone and have added another 1000 this a.m. with a long term view.

[king1pin2] 29/11/2023 10:46

Perhaps a chance for dowgate to add to the 8% or perhaps more in the company buy back OR perhaps directors might take advantage of the sub pound trading opportunity.
Don’t expect magpie will be over the moon so look forward to reading his views soon .

[plutonian] 29/11/2023 09:52

Rolls-Royce plans to sell electric flight division to focus on jet engines