Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

58.00p
   
  • Change Today:
    -2.25p
  • 52 Week High: 88.50p
  • 52 Week Low: 42.50p
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 30,264
  • Market Cap: £9.46m
  • RiskGrade: 416

Transense Technology surges after selling loss-making division

By Daniel Cancian

Date: Wednesday 21 Oct 2015

LONDON (ShareCast) - (ShareCast News) - Shares in Transense Technologies surged over 25% on Wednesday, after the technical research provider revealed it has agreed to sell its loss-making IntelliSAW division.
The London-listed company has reached a deal with US-based manufacturer Emerson Electric, which will see it receive $5m as well as a one-off licence fee for the exclusive use for intellectual property related to the business.

The group said the sale of the business, which posted a 31m loss in the year to the end of June, will improve its cash position, as it aims to ramp up commercial developments in its two other segments.

"The sale of the IntelliSAW division, to a company of the standing of Emerson, is another demonstration of the commercial value of our technology," said group chief executive Graham Storey.

"This provides Emerson with a unique opportunity to strengthen and grow this business."

Transense shares were up 18.26% to 1.36p at 1219 BST on Wednesday.

Email this article to a friend

or share it with one of these popular networks:


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 58.00p
Change Today -2.25p
% Change -3.73 %
52 Week High 88.50p
52 Week Low 42.50p
Volume 30,264
Shares Issued 16.31m
Market Cap £9.46m
RiskGrade 416

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.08% below the market average35.08% below the market average35.08% below the market average35.08% below the market average35.08% 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
25.60% above the market average25.60% above the market average25.60% above the market average25.60% above the market average25.60% 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 10-Jul-2020

Time Volume / Share Price
16:26 10,000 @ 57.10p
14:28 10,000 @ 58.00p
11:54 15,000 @ 58.50p
11:28 1,000 @ 58.00p
11:01 4,500 @ 58.50p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

Top of Page