sharetrader
Page 2 of 94 FirstFirst 1234561252 ... LastLast
Results 11 to 20 of 935

Thread: TRU - Truscreen

  1. #11
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    Sorensons have their paws ALL OVER THIS

    https://opencorporates.com/companies/nz/4585779

    Custodian nominees is also a favourite moniker used by them.

  2. #12
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    PEB bulls, can you let us know how this compares to CxBladder and inform us on this?

  3. #13
    Member
    Join Date
    Jan 2013
    Posts
    87

    Default

    Quick Synopsis

    Product is not as good/ accurate as current cervical screening methods (pap smear etc). The business is based on its cost effectiveness and is targeting developing countries where total Health Care spend does not warrant having full cervical screening programs as they are in the western world.

    The business used to be listed in Au, was once worth about $200m (equity). GFC came through wiped them out (well thats the story they told me)

    I believe it is an old hand/ owner of a debt facility wanting to reinvigirate the company and also wanted to sell down some of his stake at the same time they were rasingin new equity from NZ invetsors as the AU market was exhausted as a place to raise capital (ie everyone said no).

    I actually have no idea why someone invested in the first place to warrant a compliance listing, however they got there.

    The whole R&D team etc was displaced after the business went bust a few years ago. It is a business full of risk, in no way comparable with PEB except for possibly the industry.

    This business will never operate as a going concern (in my view) due to the relative perofrmance of the technology vs other market options. Therefore would be very unlikely to invest based on that principle.

    Also unsure how much developing countries would be willing to invest in cervical screening programs, cant imagine its top of the priority list anyway.

  4. #14
    Senior Member
    Join Date
    May 2002
    Location
    Wainui, New Zealand.
    Posts
    923

    Default

    Lists on Alt market today...Short Name: TruScreen

    Registered Office: Suite 107, The Geyser Building, 100 Parnell Road, Parnell,
    Auckland City

    Website: www.truscreen.com

    Telephone Number: 021 865 704

    Financial Year End: 31 March

    Nature of Business: Manufacturer and owner of all rights in the TruScreen
    Cervical Cancer Screening System. The system comprises a medical device and
    process designed to detect the presence in real time of cancerous and
    pre-cancerous tissue on the cervix.

    Directors: Christopher Horn, Robert Hunter, Sean Joyce and Tim Preston

    Details of Issue: Compliance listing and quotation of all the ordinary shares
    of TruScreen Limited. There will be no new shares issued as part of the
    compliance listing.

    Quoted Securities at Completion of Offer: 144,446,666 ordinary shares

    NZAX Sponsor: Sean Joyce - Corporate Counsel

    Auditors: BDO Auckland

    Solicitors: Sean Joyce - Corporate Counsel

  5. #15
    Guru
    Join Date
    Nov 2013
    Posts
    3,025

    Default

    Up 60% in early trading
    currently up 50% on reasonable trading (over $100k) Edit: Low turn over - 100k shares being $15k

    Someones going to get hurt!
    Last edited by Harvey Specter; 12-11-2014 at 10:27 AM. Reason: Spotted my own mistake.

  6. #16
    Member
    Join Date
    Sep 2005
    Location
    , , .
    Posts
    470

    Default

    Quote Originally Posted by Harvey Specter View Post
    Up 60% in early trading
    currently up 50% on reasonable trading (over $100k) Edit: Low turn over - 100k shares being $15k

    Someones going to get hurt!
    It's probably no worse, or no better, than selling lotto tickets! Don't gamble with money you can't afford to lose.

  7. #17
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    Suggest others others read from page 45 onwards of prospectus.

    Over $86M cumulative losses.

    Recent cap raise at 10 cents with Sorenson in large.

    We all know where the SP hike early on has come from. Very reminiscent of Snakk!

    Play with fire...

  8. #18
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    $7.6M of their $11.6M "assets" are intangibles?

    How much goodwill does Sorehead give away these days?!?!

  9. #19
    Guru
    Join Date
    Nov 2013
    Posts
    3,025

    Default

    Quote Originally Posted by BFG View Post
    $7.6M of their $11.6M "assets" are intangibles?

    How much goodwill does Sorehead give away these days?!?!
    Carrying values in the balance sheet is irrelevant. What is important is the ability to generate cashflows and the timing of those cashflows (ie. DCF valuation).

    I know haters gonna hate but atleast hate but seriously, focus on the important things.

  10. #20
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    Quote Originally Posted by Harvey Specter View Post
    Carrying values in the balance sheet is irrelevant. What is important is the ability to generate cashflows and the timing of those cashflows (ie. DCF valuation).

    I know haters gonna hate but atleast hate but seriously, focus on the important things.
    Do you really believe they can make 10x yearly revenue by FY16 like they forecast in the prospectus? If so it puts PEBs growth rate to shame!

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •