Share Name Share Symbol Market Type Share ISIN Share Description
Transense Technologies Plc LSE:TRT London Ordinary Share GB00BDHDTH21 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -1.06% 93.00 69,153 14:07:49
Bid Price Offer Price High Price Low Price Open Price
91.00 95.00 93.50 92.50 93.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.60 -1.27 -15.59 15
Last Trade Time Trade Type Trade Size Trade Price Currency
15:58:12 O 5,000 94.92 GBX

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Transense Technologies Daily Update: Transense Technologies Plc is listed in the Automobiles & Parts sector of the London Stock Exchange with ticker TRT. The last closing price for Transense Technologies was 94p.
Transense Technologies Plc has a 4 week average price of 82p and a 12 week average price of 74p.
The 1 year high share price is 96.50p while the 1 year low share price is currently 25.28p.
There are currently 16,307,282 shares in issue and the average daily traded volume is 51,053 shares. The market capitalisation of Transense Technologies Plc is £15,165,772.26.
magpie59: I’ve been thinking about TRT and this BB and it occurs to me that my frustration has caused me to self morph into a negative force albeit I’m not remotely important to the perception and fortunes of the company. I don’t like that as I passionately want the company to succeed though whether it does or not is unimportant to me financially. Furthermore, this is the only stock I’m personally involved with as all of my other investments are bought, sold and looked after by others. Therefore the absolutely only reason I ever come onto ADVFN is TRT and this BB. It further occurs to me I can live comfortably without both ADVFN and this BB so I’m today going to cancel my ADVFN id. The bulls amongst you can only be pleased at that and I wish all of you well and good luck with this, but especially the bulls as your passion and belief is admirable if not a little optimistically slanted. I have 205,000 shares which I will not be selling. I’ll just check on the share price and perhaps even start reading the releases and reports and hope that perhaps in the next ten years I’ll get back a little of the £400,000 I’ve lost to date, but if I don’t at least I’ll have spared myself from reading any more about the company, outside of the factual, than I have to.
king1pin2: Perhaps a bit of vavaboom on this BB would help move the share price forward. My expectations are just over £1.8 total with a very good outlook over all division's, with that in mind Allenby will upgrade their forcast for 22/23 and we should at that point come very close to £1.00 share price .
brianking1pin: Not missed much in the last 3 weeks since last post then, Shifter2 Your question about buybacks and updates: I have asked the question a while back and was told that we would get a trading update late June /Early July unless something like a contract comes before. Share buybacks (that i would have liked but understand the reasons its not happened) At the moment with volume so thin they could not buy any meaningful amount without the share price rocketing and they see the ability to buyback shares as a very useful tool to have in our box in the future. GB904 Both Nigel and Melvyn have got around 1million shares between them that depend on TRT reaching £1.50 so unlike other companies that grant options at crazy low targets its fair to say that they are well aligned with us poor shareholders. We will in my opinion hit the broker targets from the alllinby report. Oh perhaps a good opportunity for long term holders or other interested parties to top up because i would love to up my holding but just cant at this time.
gnnmartin: Take a look at Amryt to see that a Nasdaq listing does not help boost the price of unloved shares. If we make enough money from Bridgestone and from GE Aviation and others, the share price will take care of itself. If we don't, no amount of chicanery will support the share price for long enough for many of us to cash in. I'm very hopeful. Oh, and the trading update is more likely to be late July that late June, given the year end is end June.
brianking1pin: Magpie it would be interesting to know just when you think that our shares will start to move up toward the £2 you have set as a target on post 11983. The upward move in the share price was because the results were better than forcasts even after FX moving in the wrong direction. Looking at the latest allenby forcast of £1.527m I think we will beat this forcast based on my guess that the If this is the case then our year end will be closer to £1.8m and this would merit a share price higher than todays price.
multibagger: The beauty of Bridgestone ITrack royalty is that it goes straight to the bottom line and therefore a growing revenue stream with no additional capex or recurrent expenses. I believe that Bridgestone in the worlds biggest tyre company and the Itrack tech may gradually creep down from the OTR market to the bus and freight transportation market and then onto personal vehicles. So the pie / addressable market is likely to get bigger, though Bridgestone will/could negotiate a hefty volume discount on the current royalty percentage/amount. I gather there is also a step wise reduction of the royalty percentage at 5 yrs and 7 yrs before the final option for Bridgestone to buy Itrack for a nominal sum at 10 yrs. As it stands, the current royalty amount is not too dissimilar to the previous subscription model for Itrack in terms of revenue, but hugely more beneficial as there are no further R&D or other recurrent costs attached for TRT. I gather 15 staff from the Itrack team at TRT were moved to Bridgestone on completion of the Royalty agreement. So ITrack royalty alone is hugely worthwhile and then there is SAW and Translogik too. From the TRT website I seem to recall that we have about 35 Patents. Someone familiar with the business, told me that there could be potentially 5-6 revenue streams from the patent portfolio of TRT that could be monetised/ white labelled in due course. These kind of revenue streams compound and grow with time and that is one of the major reasons for my investment. SAW tech is the big prize and there are no public company competition as far as I am aware but gather that there are some private companies who are in the same space. TRT is de-risked now to a huge extent and I think the recent share price increase is an acknowledgement of the improving business prospects. This is just the start of the re-rate of the business and I can envisage a share price of about £2.50p+ conservatively in the next 24 months or so, which would translate to a market cap of about £41m. I bought ARC when it was in pennies, LTG in the 30s and IDEA in the 30s all about 5-7 years ago, I seem to recall. I see similar growth prospects (if not better) for TRT. Good luck all !
multibagger: Good morning dncleaver and all :) I fully agree that we all want a nice rise in the share price and a decent number of shares being bought back will cause that in the short term(eg: share price spike seen in RA International for one). But the question I pose to myself as an investor is whether that would be preferable to a longer term and sustained share price rise ? A reasonable free float of equity is necessary to allow investors/traders to "get in" and "get out" of a share which over a period of time allows "fresh blood" in. (Apologise in advance for my gripe on precisely this issue of liquidity on the 4BB thread). I see reasonable liquidity akin to Oxygen in the stock market - lack of it will cause asphyxiation of the share. Another point IMHO, it is pointless having a Public Company if people can't buy and sell shares in fair numbers. On the other hand and in my view, a very static and tightly held share base could lead to plateauing of share price. Also it greatly increases volatility in the SP, as anyone buying or selling has disproportionate impacts on the same (like ARC). I suppose there will be many arguments and counterarguments on such matters and comes down to the investment mindset and timeframe of the investor and how it affects them on a personal level. So nothing is right or wrong, it's just where you sit which determines how we see things :) DoI: I hold both ARC and 4BB currently and previously held RAI !
brianking1pin: Just a bit of fun but looking at the share price history over the last year the highest our share price has been i think 87p just before the Bridgstone deal. I bought 5000 at around 87p so not one of my best. What do we think good value is now ? I have held shares before such as Torotrak that have had very good gains over days but it has always been on the back of expected news that never came and always fell back weeks after the big rise. I think Transense feels different because the Deal that was done with Bridgstone underpins the shareprice at levels higher than the 75p offer price at the moment. Everything else like saw and translogic is a bonus that may well over time see our share price reach levels much much higher. Our Directors have at both investor meets since the Bridgstone deal " Talked the talk" Also buying large amounts of share to allign themselfs with shareholder proves that they "Walk the walk" So plenty work to be done going forward but I still think that we are undervalued at anything below £1.00 IMHO .
gb904150: I listened to the IMC AGM presentation. I do appreciate TRT taking the time and (hopefully smallish) cost to do these. I find it very helpful for IR. A few things from it: - TRT sounded cautiously optimistic of earnings upgrades over the next few months. - TRT is a safer investment than it ever has been. Revs increasing/cost base reduced. Royalty income stream from iTrack - The Allenby note 17th Dec is very detailed and a great place to start - SAWCAP isn't going to cost the earth - about 1/6th of the R+D tax credit. That was £180k for 2020 - so say about £30k/year. Great value for those experienced heads. That said, some negatives: - iTrack never built in any inflation protection. - It is a fixed revenue per unit and it is fixed in USD. We will constantly have currency risk adjustments. The USD looks structurally weak for the next decade. Guess what....we've just locked in a decade of non-inflation protected USD payments! As a UK company, reporting in GBP, why couldn't we have just had a revenue per unit in GBP and take out all that smoke and mirrors and uncertainty....and adjustments? - The earnings forecast for iTrack only increases from £0.6m this year to £0.765m for next year? Perhaps they are sandbagging it, but that is not exactly an ambitious figure?! - SAW forecasts are so small as to be meaningless. Revs 2020 £93k 2021 £207k 2022 £282k 2023 £310k. GP's 2020 £83k 2021 £181k 2022 £253k 2023 £279k This is an area of the business that supports 8 people! If that's all SAW can grow for the next 3 years it doesn't justify its existence. SAW seems like a leach on the business and with the new iTrack revenues comfort blanket subsidising them it will continue to do so. The BOD made a clear statement on IMC at the last finals - that within 12-18 months SAW needed to be a profitable division. I don't see that. I believe it is a hidden and unaccountable division. Probes is similar but generates a small profit from 1 person overhead. So small as to be almost meaningless. It should probably be sold and the costs of running it are probably higher than it seems in terms of reporting, admin, R+D etc. In summary, I think it's still the case that TRT would be a great investment if they closed down the remaining business and just paid out ATMS royalties and SAW sense licencing when it arrives to shareholders. Instead we have a bloated corporate structure (and commensurate pay) with only one division generating any meaningful revenues. Is TRT a good investment from here? I think it's OK and the share price will bump up if they upgrade the low-ball iTrack forecasts for 2021 early next year. However, it could be a great investment if they closed the non-performing divisions and just returned iTrack royalties direct to shareholders. The SAWCAP team is indeed an impressive line-up but all the talk of sensors on wind turbines is already being done. Why aren't TRT already in there? They've had 15 years already and yet as we've seen 2020 revenues were £93k! Scandalous! hTTps:// hTTps://
gnnmartin: I’ve had time to consider the answers to my questions in the webinar, and to read the latest Allenby note. I’m always aware that the questions I want answered probably can’t be answered, but I’m always a bit disappointed to find that is so. I had hoped for exact figures for royalty income from iTrack, and I don’t really see why that could not be given to the market. Instead we were referred to the Allenby note, with an assurance that TRT were happy with the data on which that note was based. The Allenby predictions for TRT revenues for the next 3 years are certainly encouraging, but I could not see how they were derived. That does not mean they are wrong, just I can’t check that I think the underlying assumptions are realistic. They give the total possible iTrack royalties focussing on ultra large trucks as £138m, which sounds satisfyingly large until you realise that implies iTrack installed on every ultra large truck from 1 July 2020, including the trucks not serviced by Bridgestone. If Allenby give a more realistic estimate of the probably return I haven’t yet found it, and I can’t do more than guess. For what it is worth (ie nothing) my guess is we will be lucky to get £13m over 10 years, which justifies the current share price leaving SAW as the hope for exciting returns. I asked if we could expect to hear of any sales of TRT by those who moved with iTrack to Bridgestone. It wasn’t answered directly, which I assume means ‘No’, which is what I expected, but thought it worth asking. I can certainly see that some might wish to crystallise their losses on TRT if they have made gains elsewhere, or if they feel that the royalties are not going to make TRT great again (with apologies to Donald Trump). TRT sound enthusiastic and optimistic, but then they always have. It slightly disturbs me to see that hiving off of Intellisaw presented in a way that encourages the reader to believe it a successful result, as opposed to a strategic retreat. That does not help me be sure that the iTrack sale is not similarly a retreat in recognition of the need for quite a lot more cash if we were to have a chance of making it pay on our own. The cash was running down and discussions with Bridgestone were extended twice: I can certainly believe that TRT did the right thing, but am left unable to judge whether the sale counts as a success. The famous judgement which stated ‘No man is obliged to cry stinking fish’ comes to mind: I suppose MRDA is the more up to date version. McLaren are in financial difficulties thanks to Covid, and I asked if that has implications for TRT. The answer referred me to the Allenby report, which says that the monetary returns from the McLaren usage of SAW are small. So I take it that means we fear we might lose that route to market, but the hit is to our prestige rather than to our pocket. To paraphrase with liberty what Nigel said, it is only the progress of TRT that can move the share price. If I didn’t hold any, I would reckon they were an interesting speculation. Unfortunately I hold a lot more than is sensible for an interesting speculation. I hold and hope.
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