Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

 55.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 88.50p
  • 52 Week Low: 42.50p
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 1,723
  • Market Cap: £9.05m
  • RiskGrade: 188

Transense wins mining truck tyre contract in Burkina Faso

By Duncan Ferris

Date: Wednesday 20 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Transense Technologies on Wednesday won a further contract through its Ghanaian partner WATS (West African Tyre Services) to supply 41 iTrack II mining tyre monitoring systems for haul trucks at BISSA, a Nordgold mine in Burkina Faso.
The contract was won by Translogik, the sensor systems provider's trading division for tyre management solutions, and specifies that the tyres will be supplied on a rental and service basis via WATS, a wholly owned subsidiary of Rana Motors & Metal Works Engineering Company.

Vibi Chandra, regional manager for West Africa at Rana, said: "The considerable advantages that Nordgold have seen at their sister mine SOMITA, where we installed iTrack in May 2018, have persuaded Nordgold to adopt the system at BISSA. As we have previously stated, West Africa is a region with dozens of mines and hundreds of haul trucks and it is our intention to introduce our new enhanced service, including iTrack, to our existing portfolio of mines as well as other mines across the region."

The rental system is advantageous to mining companies as it allows them to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing AIM-traded Transense with a recurring revenue stream.

Graham Storey, chief executive of Transense, said: "We are very pleased to have added another Nordgold owned mine in West Africa to our growing list of iTrack users. WATS are a well-established and highly regarded tyre service provider in West Africa and with their depth of contacts we are hopeful of an accelerated rate of adoption moving forward."

Transense Technologies' shares were up 0.72% at 70.00p at 1308 GMT.

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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 55.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 88.50p
52 Week Low 42.50p
Volume 1,723
Shares Issued 16.31m
Market Cap £9.05m
RiskGrade 188

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.15% below the market average34.15% below the market average34.15% below the market average34.15% below the market average34.15% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
19.25% above the market average19.25% above the market average19.25% above the market average19.25% above the market average19.25% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
24.11% below the market average24.11% below the market average24.11% below the market average24.11% below the market average24.11% 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 26-May-2020

Time Volume / Share Price
08:11 1,723 @ 56.50p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

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