Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

 53.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 27,870
  • Market Cap: £8.68m
  • RiskGrade: 243

Transense tops previous year on the back of strong rental growth

By Iain Gilbert

Date: Wednesday 01 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Transense Technologies told investors on Wednesday that it had topped its performance from a year earlier thanks to solid rental income growth throughout the last reporting period.
The AIM-listed firm revealed that results in the second half of its financial year were in line with the first half and that full-year revenues were slightly ahead of the prior year and over 40% ahead of the prior year when excluding the revenue collected from the licensing of its Surface Acoustic Wave technology to General Electric in 2017.

Transense will enter the new financial year with a monthly recurring operating lease rental revenue more than 200% higher than at 1 July 2017 as a result of a pick-up in large mining haul trucks using its iTrack tyre monitoring system.

The firm closed the year with cash of £1.6m and no debt.

Graham Storey, Transense's chief executive, said, "We have continued to make good progress with both the rental stream from iTrack II and sales of Translogik's tyre probes."

"SAWSense revenue has fallen during the period, however, the level of activity remains positive," Storey added.

As of 1120 BST, Transense shares had dipped 1.41% to 35p.

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 53.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 88.50
52 Week Low 42.50
Volume 27,870
Shares Issued 16.31m
Market Cap £8.68m
RiskGrade 243

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.45% below the market average33.45% below the market average33.45% below the market average33.45% below the market average33.45% 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
9.64% below the market average9.64% below the market average9.64% below the market average9.64% below the market average9.64% 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
Income Not Available
Growth
22.29% below the market average22.29% below the market average22.29% below the market average22.29% below the market average22.29% 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 18-Sep-2020

Time Volume / Share Price
16:32 2,674 @ 53.00p
16:21 9,592 @ 52.00p
15:02 1,868 @ 53.00p
15:02 1,868 @ 53.00p
15:01 1,868 @ 53.00p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

Top of Page