Transense Technologies (LON: TRT) had some disappointments in the first half but it remains highly cash generative and able to invest for growth. The forecasts have been trimmed, but the share price never reflected the previous estimates, and the prospective multiple is still relatively modest.
In the six months to December 2023, revenues improved from £1.64m to £1.81m. Lower admin expenses meant that pre-tax profit jumped from £257,000 to £632,000.
The make up of the revenues changed. All the growth came from iTrack mining truck tyre monitoring royalties, despite a three-month s...
