Transense: Automotive Sensor IPR for Honeywell, Michelin & The World.

A number of people have worked themselves into a lather during recent months over an anticipated RNS about Michelin or a Tier 1, whereas I've expressed the opinion throughout that the former was more likely in Q1-06 and viewed the latter as it coming when it comes. This advice was duly ignored and the debate over expectation grew until surprise, surprise, neither arrives according to the concensus timetable! There then follows upset and recrimination toward TRT in the typical private investor fashion, which is like shooting oneself in the foot (the scent of blood attracting bears) and then seeking someone else to blame for the misery. The primary guilt lies with the often repeated basic characteristics that plagues the average punter - insecurity & impatience.

Your comment Bonio of "...in my current state of prolonged negativity...", sums it up, you're beyond persuasion. Your logic & comments Confucius have more twists than Chubby Checker. It's bad enough when you contain yourself within your own world, unhappy that it is, but you persist in the habit of falsely paraphrasing my views into a language foreign to me or else just quoting it out of context. Why don't you, Bonio and others of your disposition do yourself and most of us here a favour and dispose of your TRT shares and seek the saunctuary of a company that has advisers that will hold your hand throughout the process of your becoming rich, because you clearly don't have the mental constitution or understanding required for investing in a company like TRT or the area of industry it inhabits.

Today saw a steady exit of sheep, guided it seems by a familiar tipster who has marched his flock in & out twice this year for an overall loss on the SP movement, as well as the extra cost of broker's commission & stamp duty. This is an example of the easy method of investment for dummies - just pay a subscription and avoid personal research.

The special incentive of a capped 10% CGT on AIM shs held for 2 years is often mentioned, but I wonder whether everyone appreciates the full significance of this? A gain of £10k minus 10% = £9k net profit, whereas it requires an investment or trading gain of £15k at the 40% tax rate to end up with the same £9k net profit, an extra 50% of gross gain to achieve the same money. The unthinking response someone might make is they're not in the 40% tax bracket or that their annual CGT personal exemption will cover them. However, the true picture painfully becomes clear when their AIM stock becomes a multi-bagger success and all that surplus gain becomes liable to 40% CGT! This is a valuable tax concession that every investor would be wise to grab while they can, as there is the very real likelihood that it will be modified or withdrawn by the government, maybe without prior notice. Once you're aboard and there's change, it's politically difficult to kick you off without concessions. AIM investments are also exempt from inheritance tax, a blanket 40%, which many people also don't think about until it happens.