26/9/17 Its MOVING at last!!
Excellent news at the investor event all about marketing now! At last a chance to recoup some of my losses here!!
"The forward looking cash flow based on the anticipated level of activity indicates that the Group should have sufficient funds available for the short to medium term"
Signed significant, non-exclusive, license with General Electric ("GE") for single specialist application using SAW technology
it has become clear that our product is the tread depth tool of choice for Bridgestone, Goodyear and Continental, amongst others and as a result our probe revenue in the final quarter of the year experienced a marked upturn
can someone ask when they would anticipate "Siemens?" to allow them to release details of the collaboration and the results of the pilot tests? I think that is quite significant!
Also, how the move towards electric cars will impact the flexplate projects with legacy car companies? By the time GM etc launch the flexplates, their cars might be outdated and obsolete by Tesla et al. Unless they can "go to bed" with Tesla etc?
Is anybody going to the investor event on the 26th? I would haver gone but I think I'm away on training that day so won't be in the City.
I didn't go to the last one as the results were so poor that I didn't see the point but there has been more positive news out of the company recently and if they can sign up some more mines to I Track 2 soon they may actually start to show a profit.
Definitely worth holding on to these at this level as I don't think you can lose.
I see these are still falling and are now below my buy price. If they get much lower I may buy some more because I don't think you can lose money at these prices.
They either make a success of the business with the cash they have remaining or they sell the IP and I should get my money back at these levels.
That's my opinion anyway.
I also bought a few TRK at 1p as I think it is a similar scenario. Totally bombed out and pure negativity but after spending around £100m developing their tech there has to be a fair chance that it is worth a few bob to someone.
Both small investments so if neither of them pay off then I won't lose much money.
Bullish statements can only be issued when bullish developments occur or can be expected. I cannot comment on the Directors NON-buying however.
The Co has to spend money on expansion and sales dev., big boys will buy if they like the product (if it saves them money, why not?)...as for minnows, if I was a big miner I'd prefer to buy from a small co that needs my cash, than from a big boy that could compromise confidential data (because they don't need the big miner).
Sorry, not a c'lever guy just someone having a punt. TRT is becoming a shambles (if it wasn'.t already) It's hugely important for a Co such as this has to issue bullish statements, they haven't. No Directors have have bought shares for quite some time. I f we wish II's to come on board then the incumbent BOD need to purchase, they haven't & that speaks volumes. For years PI's have hung on in the hope the BOD will deliver.
So we have a situation whereby we are (as a company) spending money on the basis that the big miners will accept our ;product . So they're big boy's & we're minnows. If they choose to extend the trial period where that does leave us ? Exposed, I hope TRT enjoyed their Hawaian trip, we paid for it & they got nice tan's
I'll probably get abused for this post but...yes, revenue is still short so market got disappointed. But I think there was some overeaction?
SP is at 1.60 (pre-cons.) i.e. still 60% higher than last June...cash is at 3 mln, with little outflows over the 6 months.
GE, although some time away for revenue generation, is a mega-validation of the technology and Siemens (?) is still on track, with a whole year's testiing already achieved - so sooner or later, we will get something from here (including a licencing fee).
Co is spending money on expansion and expects a clearer picture in 3 months (end of financial year, as per RNS). There are a dozen trials with expectation of a sale in most, if not all, trials.
There are many things on, which are still taking longer than the market expected BUT the Co is at a much better situation than 1 year ago - more cash, more projects nearing fruition, little cash being burned, expansion of sales teams and more trials. So I disagree that we will not make money...now is actually a buying opportunity, the SP dropped yesterday because many people rushed to sell.
So TRT are increasing running costs whilst losing money ? No mention of the European interest (Siemens) ? This is becoming more of a joke by the day.
Share consolidation wa purported to give the Co. the ability to pay divi's ? laughable ! Directors not prepared to purchase share & haven't been for quite some time.
It's time for the BOD to take substantial pay cuts to share pi's pain (not that they will)
All in all a dreadful rns.
We only have to wait until June at the latest to find out whether GE will pay the next $250k towards their licence. Hopefully they will as this will be key in assessing whether there really is a great deal of value in TRT's IP.
If they don't I may sell as long as I can get more than the 67p or so that I paid for my shares.
There clearly is at least some value in the IP and now that the cashflow situation has stabilised the company is now in a strong position to commercialise the IP.
More to the point where is the support from the Nomad who had, presumably, agreed the share consolidation ? What's going on here ? Are the BOD guilty of being naive ? as shareholders we need some answers.
50 to 1 right, our support should have been at 1-00 minimum, this stinks.
The reason for the consolidation was that when a share price is so low, share price changes result in majour percentage changes in overall share value, and makes the overall value of the company appear unstable. The overall new organisation and direction of the company is directed at creating a company base and culture that lends towards a sustainable and profitable company, and this consolidation plays a small part in this process.
It could be that the pre-consolidation share price over stated the actual value of the company, and was only sustained to avoid the share price actually going down to zero. If this was true, and I doubt it, then the new share price might substantially go south for a short time, but no where near where it was pre consolidation.
Overall, the new profile for the company should appear far more attractive to customers, the City, and other investors, and help the share price in the longer term, if not sooner.
I did not attend yesterday's agm, but did attend the investors evening a few weeks back, and believe the company has taken initiatives and found ways to significantly improve its prospects, THIS TIME.
Oh no - my experience of consolidations is that a healthy looking SP is created which is then whittled down towards where it was pre-consolidation. Is it just my experience or do others feel the same OR can someone put forward a more positive view please.
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