Interesting that new CEO tagged the EV part of the Techniche update in her own appointment announcement. Clearly the growth area. UK has over 50,000 public charges and aims to have 300,000 by 2030 so growth area and BP Pulse is one of the largest providers. BP are a customer of their Urgent product so hopefully a way to cross sell is there. Whilst Techniche are relatively small, being cashflow positive with a cash balance over the next 12 months is going to be important as a lot of Technology start-ups will not last over the next 12 months as cash/capital become a premium. Yes, there is historic issues to point out, but technology can be a long game and by just surviving and finding a growth niche this one might come good. IMO.
TCN Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
