Tracsis Share Discussion Threads

[tomps2] 24/4/2024 08:29

Tracsis (TRCS) Half Year 2023 results overview - April 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly provide an overview of their results for the six months ended 31 January 2023.

Watch the video here:

Or listen to the podcast here:

[nchanning] 07/3/2024 10:37

Barnesy your annual reminder that Tracsis is a rock solid cash generative quality business that can easily bear £20 million in debt if you see the right acquisition

[tomps2] 28/2/2024 17:04

Tracsis (TRCS) Interim results webinar

Friday, 26 April, 1:00pm

Tracsis CEO, Chris Barnes and CFO, Andy Kelly will host an online investor presentation of their interim results followed by Q&A.

Register here: bit.ly/TRCS_H124_webinar

[gopher] 22/2/2024 11:55

Difficult to see the shares going anywhere on these results and all will be OK if H2 2024 goes to plan providing they can be optimistic re 2025: The company has a history of delivering on expectations. The transition to SAAS is not financially positive short term but 100% the way to go and some allowance must be made.

[lomax99] 01/1/2024 10:48

In the Telegraph as one of their tips for 2024:Smaller companies are supposed to be where bigger returns can be found, but since 2007, the junior AIM market has lost 34pc of its value. If you look more closely, however, there are some gems to be found. Tracsis is one of them.Over the 16 years since its flotation, shares in Tracsis have risen more than 2,000pc. The software and data analytics company sticks to its niche strategy of helping transport operators and infrastructure bodies such as Transport for London and Network Rail. In the UK and US, its systems have become the standard for managing contactless payments at ticket barriers.It has become experienced in growth through takeovers, making 17 acquisitions to date. Yet its accounts last year reported it had no debt. It added 19pc in revenue, or 10pc organically, reaching £82m, and delivered a profit before tax of £7.1m. A healthy business with an eye for a deal: what more could you want?

[strollingmolby] 28/11/2023 10:11

TRCS did state this in the Results in relation to headcount reduction:

6. Transformation of the Group operating model

Transforming how we operate: Having completed the new organisational structure during FY23, in the first quarter of FY24 we have started a programme of actions to now transform the Group's operating model. The catalyst for these activities is the lessons learned from the three large SaaS deployments implemented since July 2022 and the need to establish a groupwide approach to how we develop and deliver enterprise software solutions based around industry best practice. The actions we are taking include: headcount reductions where roles are duplicated or are no longer required; streamlining our legacy entity and operating footprint; implementing a single groupwide IT support service; and upgrading systems to deliver improved management information. We expect these actions to be substantially completed during the FY24 financial year.

These changes will improve the timeliness, quality and repeatability of delivery, which will enable the Group to accelerate its future revenue and margin growth trajectory.

Anticipated transformation costs: We expect to incur c.£2m of non-repeat costs in FY24 in order to deliver this transformation, primarily in cash. These will be reported as exceptional costs so the underlying year on year trading performance of the Group can be more clearly understood. These costs will be weighted towards the first half of the year.

[nchanning] 28/11/2023 09:35

Honestly it make sense , if you're going to turn 10 independent business units into a single business you have lots of duplication in roles , perhaps even in software development . There are usually cost savings in not needing 10 different finance departments etc , but there is a trade off in a loss of entrepreneurial culture and slower corporate decision making .

[adminck] 24/11/2023 17:09

Something seems amiss here. In their podcast, The CFO throws in a line that they expect to incur £2m of one-off costs in the first half of 2024, yet they also say that they have already settled all obligations from previous acquisitions.

I am aware from other sources that Tracsis has been making a number of layoffs, including bizarrely, hard to come by software developers and engineers within their rail division. I think their use of the term "reorganisation" and "restructuring" is doing a lot of heavy lifting and disguising some fairly serious changes.

[tomps2] 24/11/2023 08:58

Tracsis (TRCS) Full Year results presentation - November 23

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly present results for the year ended 31 July 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[tomps2] 15/11/2023 09:12

Tracsis (TRCS) Full Year 2023 Results overview - November 23

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly provide an overview of their results for the year ended 31 July 2023.

Watch the video here:

Or listen to the podcast here:

[tomps2] 14/11/2023 09:36

Tracsis (TRCS) FY23 results webinar

Friday, 17 November, 1:00pm

Chris Barnes, CEO & Andy Kelly, CFO will present FY23 results followed by Q&A.

Register here: bit.ly/TRCS_FY_webinar

[elrico] 12/11/2023 20:19

NEW FEATURE: #TRCS ? Discover the potential with Tracsis plc! A leader in transport software, offering robust income & growth opportunities.? High-margin rail tech & diverse analytics services drive our success. ? Global reach, strategic acquisitions & a strong client base fuel our growth. #Investing #Tracsis #GrowthStocks tinyurl.com/2k6tb9yk

[nchanning] 20/10/2023 09:45

Barnesy , now is a good time to use your excellent balance sheet a little more aggressively . This is a very high quality business that could easily bear £20 million in debt . If you see an attractively priced large acquisition then go for it son

[mngf] 30/8/2023 07:04

Appears these have been in a rage of 8-10 which has now been broken on the downside

[gopher] 23/8/2023 11:38

This looks a solid trading update but the shares have been weak and have fallen again today. They are near 1 year lows does anyone have a view on what's happening?

[strollingmolby] 15/5/2023 09:30

The Midas piece only mentioned 'Great British Railways' in the conclusion, without any other mention, rather strangely...

This is the website for the government's development of a 30-year strategy to determine how best the railways can support Britain in the future, becoming a landmark resource, enabling a clear and agreed direction for the railway.

https ://gbrtt. co. uk/ (ADVFN won't let me post it for some reason so just remove the gaps...)

It is good to see that TRCS is inputting to the strategy being devised by GBR; this section was included in the last Annual Report:

"The industry's transition to a new Great British Railways structure, which
aims to create a data-driven, customer-focused, safety-critical future for the
industry, is ongoing, and we have been asked at senior client level to
formally input our ideas into how the UK can achieve this vision. This
demonstrates the value the industry attaches to Tracsis' expertise and range
of rail technology products, which offer a compelling and, in some cases,
unique value proposition. Digital transformation will play a significant role
in the rail industry's transition and our range of products and services is
well placed to help the industry deliver operational performance improvements
and efficiency savings."

[srpactive] 15/5/2023 08:28

S

Yes as I have said I am very interested in this sector and have been
for years.

Tracsis will do well.

dyor

active

[strollingmolby] 14/5/2023 22:44

This piece in the Mail on Sunday might see a little buying interest here on Monday...



This is the summary - "MIDAS VERDICT: The Great British Railways is a grand plan to oversee rail transport in the UK, helping to modernise services to the benefit of passengers, business customers and the taxpayer. Digital technology will play a key role. Tracsis is a pioneer in the field and the shares, at £9.80, have further to go. Just the ticket for existing and new investors."

[srpactive] 14/5/2023 20:41

Hi all I do not hold here but have been very interested in this
part of the industry especially the efficiency and safety as I
have held crdl ex maestrano for years.

I will follow here as it looks a like a company that will benefit
further once the rail industry advances.

active

[tomps2] 14/4/2023 09:08

Tracsis (TRCS) Interim results presentation - April 2023

Chris Barnes, CEO & Andrew Kelly, CFO present the interim results for the six months ended 31 January 2023, followed by Q&A. The first half performance was in with expectations. With strong revenue and adjusted EBITDA growth, underpinned by strong rail technology recurring revenue growth in both the UK and North America.

Watch the video here:

Or listen to the podcast here:

[km18] 03/4/2023 15:47

Tracsis issued interim results for the six months ended 31 January 2023. The Group has performed well in the first half, delivering strong organic and acquisitive growth, making further progress in delivering software deployments from contracts won in previous years, winning new multi-year software contracts that will support further growth in recurring revenues, and accelerating the progression towards a more integrated operating model.

From WealthOracle

[tomps2] 03/4/2023 08:47

Tracsis (TRCS) Interim results overview - April 2023

Chris Barnes, CEO & Andrew Kelly, CFO give an overview of the interim results for the six months ended 31 January 2023.

Video:

Podcast:

Management will also present H123 results with Q&A this Wednesday 5.4.23, at 1pm. Register here: bit.ly/TRCS_H1_webinar

[tomps2] 31/3/2023 14:34

Tracsis (TRCS) Interim Results webinar

Wednesday, 5 April, 1:00pm

Chris Barnes, CEO & Andy Kelly, CFO will present Interim Results for the six months ended 31 January 2023, in a webinar, as part of their investor roadshow.

Register here: bit.ly/TRCS_H1_webinar

[strollingmolby] 24/2/2023 11:56

It's gone very quiet here but the company continues to perform.

- H1 Trading in line with the Board's expectations.
- Group revenue is expected to have increased to over £39m (H1 2022: £29.2m), with strong underlying growth in both Divisions. EBITDA is expected to have increased by more than 20% (H1 2022: £6.2m).
- Cash balances remain strong at c.£17m (H1 2022: £25.1m; FY 2022 £17.2m) which enable the Group to continue to invest in organic and acquisitive growth.

It's also reassuring to see the confidence of the group with new contracts won and numerous opportunities in the UK and US - The Rail Technology & Services Division has delivered further growth in rail technology software licence usage and annual recurring revenue. In the UK the Group has won new contracts for the deployment of its Pay-As-You-Go smart ticketing technology across smartcard, EMV (debit or credit card) and mobile app platforms; delivered the second full deployment of TRACS Enterprise; completed the roll-out of a large RailHub enterprise software contract; and saw strong demand for its remote condition monitoring technology. In North America, RailComm is performing well and has successfully delivered several projects in the period including a large software licence deployment with a transit customer. We continue to see good growth opportunities in this large and growing market."

[davidosh] 15/11/2022 16:20

Just to remind shareholders and prospective investors that Tracsis will be one of the companies presenting at MelloLondon, the two-day investor conference on Wednesday 16th and Thursday 17th November 2022. The event will also feature top quality keynote speakers such as Lord Lee, Katie Potts, Andy Brough, Gervais Williams and many more. You can also expect educational workshops and panel sessions; 50 exhibiting companies; and over 100 company presentations. Tracsis will present on the Wednesday.

For more information, click here:

A MelloLondon sponsor has provided 20 £25 DAY TICKETS and 20 £50 TWO-DAY TICKETS! First come, first served! Use code ML25OFFER and ML50OFFER at checkout to access these special prices!
*UPDATE* There are ONLY 4 remaining £25 tickets and ONLY 5 remaining £50 tickets! Don't miss out on these limited discounted tickets!