Small Cap Value Report (Fri 23 July 2021) - SUP, TRT,
12
Friday 23 July 2021 Firstly, apologies for me getting bogged down in yesterday’s newsflow. I’m trying to split my time between attending online company webinars, and reporting on RNSs, and sometimes it’s not possible to cover everything. The company online meetings probably add more value, so on balance I'll focus more on that. Here are my notes on a couple of recent ones. Transense Technologies (LON:TRT) (I hold) I attended a briefing on the company online this week, where no new information was disclosed, but I learned more about its tech amp; potential. This online meeting and Qamp;A confirmed my thoughts here on 5 July 2021, when Transense put out an in line with market expectations update. What’s interesting here, is that after almost 20 years of pretty dismal performance, and mostly losses, the company has now de-risked by pivoting to a royalties model with major tyre manufacturer Bridgestone. Most of the staff amp; overheads moved over to Bridgestone, so it’s now a very lean IP business, that seems to be maybe around breakeven, or small profits. So risk:reward looks greatly improved. I don’t see much downside now, and who knows, there could be...