||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Tracsis Share Discussion Threads
Showing 726 to 749 of 750 messages
|Were trading on a net of cash PE of 13x -thats too cheap for a growing tech company with 15-20% returns. They could boost profits v easily by amortising development costs like most tech companies on Aim but they dont ,they expense it all. Anyone who thinks its ex-growth is wrong . The delayed contracts have fallen into the second half which can easily happen when selling to the rail industry . They tend to grow organically but in a lumpy way .The Ceo has always said that in presentations I've attended .With £12.5m in the bank I suspect acquisitions won't be far off . good buying app -Ive bought more all the way down .Famous last words !!!|
|They can and need to up the dividend, which they have plenty of cash so to do. Let's see if that actually happens. If so, they are still worth holding.|
|“More than at any time in history mankind faces a crossroads.
One path leads to despair and utter hopelessness, the other to total destruction. Let us pray we have the wisdom to choose correctly.”
|fear for another profit warning|
|Musings on TRCS.
Sold some this morning at about 365 (many previous sales above 500). Current profit about 170%.
If I am correct and this cash rich company has gone ex-growth then management will be desperate to have something to crow about for the interims in late March.
Maybe a special dividend or an acquisition. They have made a big thing about not overpaying for acquisitions and have referred to a big deal that couldn't be completed.
Paul Scott has threatened an interview twice, but nothing has come of it so far - the CEO is eager for interviews when he has something to brag about :-)
So, the 27th March interview will be interesting
Maybe we are coming to a time when it is worth increasing, but I'm not brave enough yet.
"Just to let you know that I've fixed up my next CEO interview with John McArthur of Tracsis, which is scheduled for the morning of Mon 27 March.
Results should be out on 23 March, so that gives you time to digest the numbers, and send me your questions."
|Managed to see a copy of the broker note, and didn't think the year seems as bad as the share price reaction has suggested.
Investec (15.2.17) have kept FY forecasts the same, with a target price of 600.
H1 EBITDA £3.5m up 10% yoy, not higher, due to:
1. Franchise work (West Coast, Southern Easter, East Midlands, Wales&Borders) moved from H1 to H2 (DoT pushed back to March from Jan).
2. One software licence sale Jan 16 slipped in to March 17, so recognised H2
3. Traffic and data services undershot by £200k –the OPEX (10% headcount cut) should protect margins H2 onward
So majority of £0.6m should move into H2.
Also says there are “several large wildcard opportunities” not built into forecasts – even though timing uncertain.
Rev 17: £34.7m
EBITDA 17: £9M
Normalised PTP: £8m
|Confirmation Bias is when you pick on the information that might support your view and ignore all other information.
Yours is a pitch perfect example.
I should have known better than to post on a single company board.
|8th January, John McArthur, Chief Executive, disposed of 120,000 ordinary shares of 0.4p each ("Ordinary Shares") in the Company, at an average price of 515.9p per Ordinary Share.
The next line in the RNS
The beneficial interest of Mr McArthur following the transaction is 1,062,783 Ordinary Shares representing 3.9% of the total issued share capital of the Company.
Talk about Confirmation Bias ..... folks|
|Be careful about Confirmation Bias folks.
Since my comments below .gov has thrown a spanner into the works of the Framework Agreement.
Management is also under pressure to use the cash.
Doesn't mean there isn't profit to be made by buying on the dip though.
APAD15 Nov '16 - 16:38 - 697 of 712 1 0 Edit
Results the day after tomorrow. Here are my concerns:
TRCS “Look and Feel”.
8th January, John McArthur, Chief Executive, disposed of 120,000 ordinary shares of 0.4p each ("Ordinary Shares") in the Company, at an average price of 515.9p per Ordinary Share.
10 Mar 2016
IP Group plc (LSE: IPO) (“IP Group” or “the Group” or “the Company”), the developer of intellectual property-based businesses, is pleased to announce that it has realised its entire holding in portfolio company Tracsis plc.
The Group received net cash proceeds of £13.1m from the sale.
Sean Lippell, Non-Executive Director and former corporate law partner, has departed with immediate effect. He has been removed from the website.
Friday 8 April, John Nelson, Non-Executive Director, disposed of 130,000 ordinary shares of 0.4p each ("Ordinary Shares") in the Company, at a price of 500p per Ordinary Share.
19 April 2016Uni Leeds sells 500,000
25 April Leeds Uni disposal less than 4% left.
No large framework order.
US order small, could still take years - what is their driver.
Acquisitions look bitty. Missed a big one, but “it wasn’t good enough for us.”
Doesn’t return cash to shareholders.
Only 8 solid job vacancies.
So, on the whole, looks to be ex-growth to me.
Buffetteer17 Nov '16 - 22:15 - 699 of 712 0 0
Good growth in sales and earnings . The business makes a high return on capital and unlike most tech companies they expense development costs . They deserve a premium rating for their consistency and ,because returns on capital are circa 20% you can expect good growth to come .
Ignore the doom - mangers because quality deserves respect.|
|Just topped up 350p. EV Ratio now below 13x & EPS growth 30%. A Fab little company. Missed the low but quite happy.|
|VCT fund topping up someone sees value here. Also BPR qualifying so attractive as IHT mitigation investment if held for 2 years.|
|looks like a buy at this price. Big fall on such apparent low volume.|
|Nothing to get too concerned or excited about right now. Still moving in the right direction, and cash in the bank. Good time for a top up and expect finals after H2 won't look quite as flat.|
|Lots of small sells going through. PI's getting out I will continue to hold stop loss at 400p|
|No, not a profit warning. Just H2 weighted because of SEP - they said the same thing last year and ended up delivering revenues ahead of expectations.
"Due to the timing of software sales that are anticipated and the high seasonality inherent in some parts of the Group, the second half of the financial year is expected to be significantly stronger than the first half.
The outcome for the full year remains subject to the timely conversion of new sales for our various software products and services, supported by the improvement in gross margin initiatives that commenced at the start of the financial year. Delivery of these goals will result in revenues and profits being in line with current expectations and we will provide a further update with our Interim Results."|
|No wonder the chief executive sold so many shares last year
What a crock|
This does seem to be running out of steam in the short term.
Return on capital employed has been good but is gradually decreasing.
Operating margins have significantly reduced from what they were 5 years ago and whilst revenue has shown substantial growth, operating profit has been flat during the past 3 years. I think this is mainly due to increasing amortisation of funds spent on acquisitions. This will increase further following the spend in 2016 on Ontrack, SEP and Citi Logic.
Nevertheless the business has been generating plenty of cash. If recent acquisitions do the same, the medium/long term outlook would look promising. Whether it would be worth staying on board in the meantime, might be a hard one call. I decided to hop out for now.|
|There was a Trading Announcement about this time last year (although I can't find anything about one this year for some reason) so its either a tree shake or there's a bit of bad news leaked. Pay your money and take your choice!|
|Looks like an opportunity, should I buy some more or not?|
|A write up on tracsis here.
|Good growth in sales and earnings . The business makes a high return on capital and unlike most tech companies they expense development costs . They deserve a premium rating for their consistency and ,because returns on capital are circa 20% you can expect good growth to come .
Ignore the doom - mangers because quality deserves respect.|