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

I am a little disappointed with the fallback yesterday and think probably due to profit taking as people make a little turn on the rise and fall. My disappointement comes if you like from the feeling that seems to pervade that going over the pound or higher requires more RNS or a revenue stream and therefore 80-90p is about right.

I am not immune to this sort of view but we must remember that all the new money that comes in is looking at this area as a base price and may feel nervous for a continual up and down cycle. Logically we bought for the future massive growth and it is this future income that should be THE item that new money is persuaded into TRT on. Enough new money and the price will rise irrespective of RNS. There is enough good news and licensee activity to justify paying a higher price now. But whilst the shares linger in the same small band people may take a view that they can pick them up as cheap in 3 months time so why buy.

In a sombre mood your West Country correspomndent signs off for now.

However my rant has left me more cheerful so here I am back again thinking of all the wonderful things our licensees are beavering away at. {note to self look up schizophrenia}