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 shares tumble as capital fears offset solid results

By Iain Gilbert

Date: Tuesday 09 Oct 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed sensor maker Transense Technologies reported a small rise in revenue in its last trading year, helping the group narrow pre-tax losses.
Transense, which provides sensor systems for industrial, mining and transportation markets, cut losses 11.5% to £1.91m in the twelve months ended 30 June thanks, in part, to a 2.5% increase in revenues to £2.05m.

Transense told investors that much of its growth was a result of a stronger level of demand for its iTrack II tyre pressure monitoring system.

Despite the solid results, analysts at FinnCap warned that the increased demand for Transense's iTrack II services would put pressure on the firm's working capital given the lag time between its outlay and recoupment.

Net cash used in operations rose 26.44% to £1.11m. Transense finished out the trading year with £1.59m in cash on hand - a 36.9% year-on-year drop.

Executive chairman David Ford said the board: "We are confident that further opportunities will arise in the current financial year to build on [the iTrack demand] traction through new routes to market and partnerships."

"The board continues to believe that the technology and products developed by the group along with the services provided in the mining sector ensure that the group is extremely well positioned in all key areas of the businesses and as a result, the current level of optimism for future prospects is at a high level."

As of 1110 BST, Transense share had tumbled 14.49% to 38.05p.

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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 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

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