Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

57.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 5,583
  • Market Cap: £9.38m
  • RiskGrade: 410

Transense Technologies jumps 26% after winning BHP Billiton contract

Date: Thursday 09 Apr 2015

LONDON (ShareCast) - Shares in Transense Technologies jumped by 26.4% after announcing a new contract between its Translogik division and BHP Billiton's Spence copper mine in Chile.
Transense will supply its iTrack system using Translogik's rental price scheme for the entire fleet of 46 large trucks at the Spence copper mine.

The company did not disclosure any financial details of the deal, but said it will receive monthly payments per vehicle fitted with iTrack.

Chief executive Graham Storey said: "We are delighted to be adding BHP Billiton to our growing list of major mining clients for iTrack. The new rental model is now beginning to generate a meaningful and growing ongoing revenue stream."

N+1 Singer analysts said: "The contract should provide a steady stream of revenue for Transense, as well as predictable cash flows.

"With a newly-formed Chilean subsidiary in Antofagasta, and a rental model gaining traction, Transense is well-placed to address this opportunity."

Shares were up 26.4% to 1.42p on Thursday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRT Market Data

Currency UK Pounds
Share Price 57.50p
Change Today -0.50p
% Change -0.86 %
52 Week High 88.50
52 Week Low 42.50
Volume 5,583
Shares Issued 16.31m
Market Cap £9.38m
RiskGrade 410

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.58% below the market average35.58% below the market average35.58% below the market average35.58% below the market average35.58% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
25.08% above the market average25.08% above the market average25.08% above the market average25.08% above the market average25.08% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
22.36% below the market average22.36% below the market average22.36% below the market average22.36% below the market average22.36% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

TRT Dividends

No dividends found

Trades for 14-Jul-2020

Time Volume / Share Price
13:43 5,583 @ 56.10p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

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