Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TRANSENSE TECHNOLOGIES PLC. We currently have 5 research reports from 1 professional analysts.
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Research reports on
TRANSENSE TECHNOLOGIES PLC
TRANSENSE TECHNOLOGIES PLC
23 Nov 16
Fenner (FENR): Forecast upgrade prompts Buy rating (BUY) | Transense Technologies* (TRT): Upbeat AGM statement (CORP) | Avacta* (AVCT): To affinity and beyond… (CORP) | ScS Group (SCS): AGM statement (BUY) | BATM Advanced Communications* (BVC): Animal vaccine maker orders second sterilizer (CORP) | Redcentric* (RCN): CFO appointment and Financial Adviser resignation (CORP)
02 Mar 16
Interims results show decent underlying progress in the period, supplemented by the one-off licence income received as part of the disposal of IntelliSAW. Conditions in the mining sector have taken a further step-back, which has resulted in customers taking longer to commit to new contracts and necessitating a more cautious view of forecasts. Nevertheless, good progress is being made across a number of customer trials.
28 Sep 15
Full-year results were as expected, following the pre-close update and after deducting IntelliSAW’s trading. While trading has remained tough in the mineral market, commercial progress has started to regain traction with a couple of noteworthy new customer agreements. Losses should be progressively eliminated. We make no change to our forecasts. After a period of underperformance, there is significant scope for the shares to stage a recovery over time.
Placing, board appointment and change of brokership
29 Jun 15
The group has raised £2.0m via a placing, with an offer for subscription pending, to strengthen the balance sheet and invest in the rental model. The group has recently achieved some notable contracts, with Bosch, Rema, BHP Billiton and Glencore. Its new rental business model is better suited to current market conditions for mining equipment, where sales have been affected of late by the soft minerals markets, which has reversed the revenue progress achieved previously. The share price has severely underperformed, nevertheless, we believe the group has good commercial potential and the current valuation discounts current uncertainties.
M&A coming to a company near you?
16 Mar 17
Markets have retained their relative strength over the last fortnight. We have seen a mixed reaction to the Budget last week, the passing of the Brexit Bill earlier in the week and the first interest rate hike by the Federal Reserve in the US yesterday. Against this backdrop, we have seen some notable M&A activity across a range of sectors which may move down the market capitalisation scale. We now face an extended period of heightened speculation but “no running commentary” regarding Brexit in the UK after Article 50 is triggered at the end of the month.
Panmure Morning Note 20-03-2017
20 Mar 17
Today’s strong H1FY17 trading statement is encouraging on multiple levels; (1) H1FY17’s revenue growth of c.+23% to £32m indicates revenue growth running well above our forecast assumption of +15% for FY17 (August 2017); (2) the revenue growth continues to be broad-based across the two main brand groups (Focusrite and Novation) and all of TUNE’s global regions (USA, Europe, and RoW); (3) H1FY17’s constant currency revenue growth of c.+12% is a sequential acceleration from the c.+9.5% of H2FY16 and c.+5.5% of H1FY16; and (4) H1FY17’s net cash of £9.4m is well ahead of our forecast of £7.7m by August 2017, reflecting strong revenue/profit conversion combined with much improved w/c control. In short, we think there is excellent scope for our FY17 forecasts to be raised at the time of the H1FY17 results on May 3. We maintain our BUY.
20 Mar 17
Focusrite has positioned itself in a way that makes its shares a particularly attractive investment: leadership in a niche product area protected from general consumer swings; an international market structure that makes it relatively currency agnostic; a habit of profit over delivery; a strong and further strengthening balance sheet; and an undemanding valuation. This first half trading statement confirms every one of those points.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.