You can say that a thousand times over! There is an appalling...

You can say that a thousand times over!

There is an appalling lack of communication to the market from the management of TTI. Since a presentation to the ASX on 29/01/14 and apart from the half yearlies, the annual reports, earnings guidances and an announcement of the extension of banking facilities, there has been just one announcement to the market regarding any business being won by the company in all this time and that was way back on the 17/06/2014! There has been nothing since then and as I type this it is now 27/08/2015, fourteen months later and counting!

Compare the above to the following which appeared in the latest annual report:

* First orders of LED road lights have been received.
* The group has developed a number of new products which have already led to significant sales in WA and VIC.
* Products have been supplied into the UK including pedestrian countdown timers, traffic signals and emergency telephones.
* Ken Daley joined the Board of Directors in November 2014.
* LED road lights have been approved in various states and first sales have been achieved in SA and VIC with 1500 LED road lights being supplied for the upgrade of the Monash and Calder Freeways due for completion next month, including the first major V category road light installation in Australia.
* The export program grew 90% with sales in the UK, HK, China, Singapore and South America.
* Confirmation of the completion of the NSW traffic signal upgrade this year.
* In addition to LED road lights, LED tunnel lights have also been developed which hold a lot of promise to drive strong sales growth going forward.

It's no wonder the share price is where it's at now, under 5c when management communicate nothing and generate no interest in their company whatsoever.

You can't put everything in the half-yearly and annual report and totally neglect the market the rest of the time and expect the share price to do anything, but languish where it is and as it has been for as long as I can remember.

The company is carrying a lot of debt and really needs management that can promote it, get the message out there and whenever a moderate or major sale is made it should be announced to the market. That would generate interest, create awareness and act to stimulate periodic but ongoing increases in the share price.

The result announced yesterday is obviously better than what it was in the PCP, but if TTI is to have a heartbeat beyond next year it has to do much, much better and they can start by actually communicating properly to the market, their shareholders and prospective shareholders just like every other company listed on the ASX does.

For now I have sold out and I will not buy back in until and unless the above is acted upon in a satisfactory manner.