Transense Technologies Share Discussion Threads

[shifter2] 16/4/2024 15:53

Had chap on saying if his company in America his valuation be multiples of current price on aim not that he needed money but when comes to expansion it was not helping being so undervalued so he was de listing

[major courtenay] 16/4/2024 15:17

I’m not a fan of risking American shorting rules which are brutal and often fatal to unlucky companies, but I accept AIM is very much in its sickbed. Let’s just hope it isn’t a deathbed!

[sojourno] 16/4/2024 14:43

shifter... I'll listen to that, ta!
Yep, I still believe the NASDAQ is the place to be, converting AIM sharers into ADR's.
AIM has been deteriorating for quite some years now, worse since leaving the EU.

[shifter2] 16/4/2024 06:22

Sojourno

Radio 4 today seems your desire to move elsewhere was well founded AIM undervaluations companies moving away

[bubbleandleek] 15/4/2024 17:09

Badly timed! Company bought back 50k today @ 96.75p

[king1pin2] 15/4/2024 14:15

Dont see that Mrs whitebait , If you look at the buys that we have had today it would suggest that we have bought more of our own shares or a incoming increase of holdings RNS is on the way.

[mrs whitebait] 15/4/2024 14:07

There may be trouble ahead, lack of buyback at current levels should sound the alarm bell all is not what it seems here now.

[shifter2] 13/4/2024 09:40

I guess with middle east on the brink people taking bit money off the table

[king1pin2] 12/4/2024 18:04

Some sort of Saw deal would be very welcome but in my opinion the income from Itrack and Translodgik more than supports the share price below the pound mark so I sure if our drip down continues it will attract buyers looking for value.
Translodgik has done very very well and has lots of room to grow so I would expect this to show in the next set of results.

[shifter2] 12/4/2024 17:07

Hopefully no director buys and close to signing a deal or not!

[shifter2] 12/4/2024 15:52

Thanks good news that
Not so good break to downside but was coming just wall sells just rolling in on daily basis

[drw1] 12/4/2024 12:11

Good to know.

[king1pin2] 12/4/2024 12:00

Yes " The edrive patent has been accepted and hence we are now able to engage with potential customers under NDA without fear of IP leakage."
So expected news but good news in my book because i was thinking it could take quite a while.

[drw1] 12/4/2024 10:53

Have you had confirmation of that from the company?

[king1pin2] 12/4/2024 08:50

Just looking through the last report and was curious on how long it took to get patents approved.
From last report
Further progress made demonstrating benefits in electric drive systems; patent applications underway.
My understanding is that the patents have all now been approved so we are now able to engadge with potential customers with our IP protected .

[bhoddhisattva] 11/4/2024 09:30

Are they American? That’s how they’d spell it.

[cousinit] 11/4/2024 07:21

If they take the trouble to say chequered, just don't spell it that way...!

[drw1] 11/4/2024 07:14

From Onward Investments annual report out today:-Transense Technologies plc (TRT LN) - Date of first investment June 2023



Transense Technologies is a very different business, but we believe is another example of a small UK company quietly working up great prospects for growth. It is fair to say the business has had a checkered history of 'jam tomorrow' as a listed business, with a series of false dawns leading to cash consumption, funding requirements and shareholder value destruction. However, our screens and subsequent due diligence uncovered that over the past few years, prospects and crucially profits have tangibly changed and this success is partly obscured by perceptions from the past.



The business has three core market leading technologies at various stages of execution and a valuation of £13m at the point of investment. In 2019 the first of these, iTrack, became profitable through a 10-year royalty deal with Bridgestone, that is 100% profit margin and we believe will peak at around £3m per annum versus £2m currently.



The future cashflows of this deal underpin the current value of the business. This deal, led by the now Executive Chairman Nigel Rogers, has been crucial, as it has provided the group with visible long-term profits that have allowed tangible development of the groups other two exciting technologies - Translogik and Surface Acoustic Wave ("SAW") sensors. Translogik provides tyre wear monitoring equipment to fleet managers and revenues have more than doubled since 2020 when the new team started to deploy time and effort into the opportunity using iTrack profits.



The technology generates a gross margin in excess of 50% for the group and we expect that under the recently appointed Director of Business Development, Ryan Maughan, revenues can at least double again in the next few years, if not more. Lastly, the patent protected SAW technology, which is the least progressed, but with the largest potential for earnings contribution, has started to make headway in some of the highest barriers to entry markets; US defence and high performance motorsport. SAW is garnering industry and investor interest because of its ability to provide more specific and consistent torque readings in high-intensity and adverse operating environments. The team are targeting opportunities in the industrial, electric drivetrain and aerospace sectors and we are monitoring progress closely following early successes with



McLaren and GE aviation. We were delighted to see Stephen Parker join the board in May given his experience in scaling applied technologies, such as YASA, which was acquired by Mercedes, where he now sits on a subsidiary board.



As an applied technology company, revenues generate an extremely high gross margin, north of 85% and sales have been accelerating. We have been delighted to see a number of new hires and recent directors buying alongside those developments.

[shifter2] 04/4/2024 14:52

Hey with the number projects under way one would hope for more than one significant deal this year

[major courtenay] 04/4/2024 14:19

I hope you’re right. I have a feeling this is a crunch year. (Which I probably feel about every year!) The share price would I feel be very considerably lower than it is now without the share buybacks.

[drw1] 04/4/2024 11:17

My take is that they would not have made that statement without being very certain of the 'significant project'
IMO

[major courtenay] 04/4/2024 11:06

They have slightly made themselves hostage to fortune with that statement - bearing in mind how sure they were about Parker Meggitt. I think if nothing comes this year, not even the share buy back will save us.

[drw1] 04/4/2024 09:50

Only a matter of time..

'The Board anticipates more newsflow in the second half in this sector, as terms have been agreed and the contract is in the final stages of signoff for a significant project with a new Aerospace partner, and management is in advanced negotiations elsewhere.'