Trakm8 Share Discussion Threads

[michaelmouse] 24/11/2016 16:47

New website for interested parties:-

[blueeyes13] 24/11/2016 13:50

As part of my research on TRAK, I asked my brother, who has worked in commercial and private lines insurance all his life, what his view is on regarding premiums rising over the next few years and his view on telematics. Being a man of few words, and this was before the increase in insurance tax yesterday, he text this:

"Premiums are on the up. I've been offered a device by my own insurer Hastings and for the next few years telematics is likely to play a large part in determining premiums."

He's 53 so the insurance companies are already offering it out to older clients. As premiums increase, it is reasonable to assume a growing number of customers will try telematics if it means they could decrease their premium costs - we all hate paying for insurance of course and want it to be as cheap as possible.

Regards

[blondeamon] 24/11/2016 09:14

Bibby Distribution, declared a world leader in sustainable logistics at the Global Freight Awards

"Additionally, the introduction of a new type of tanker has cut fuel usage by 53 per cent during the process of collecting milk from farms, and all drivers across Bibby Distribution are now benefiting from individually tailored training, that uses the 3PL’s full fleet telematics to identify and eliminate inefficient driving practices."



Guess who's behind that awesome telematics system :)

[michaelmouse] 23/11/2016 15:55

Yep. I think the recent news about the 10,000 car trial with the AA and with most sensible drivers willing to try anything to reduce premiums, I'd be very surprised if telematics policies weren't targeted more widely at everybody in the fairly near future rather than concentrating on younger drivers.

[40toolong] 23/11/2016 15:37

Clients will be open to ways to reduce premiums more than ever now as they will want to offset this price hike.

Telematics is proven to reduce accidents (both frequency and claims).

Amazing news!!!!!!

[blondeamon] 23/11/2016 15:33

20% increase on IPT is indeed positive for telematics adoption.

[40toolong] 23/11/2016 15:32

IPT up to 12%!!!! Excellent news

Clients premiums will be going up and there is nothing they can do about it...

Oh yeah, I forgot. Deploy telematics and create better drivers who have less accidents.

This is like Christmas coming early. Market will cotton on to this on Monday when the results comes out!!

Topping up again!!!

[blondeamon] 22/11/2016 21:30

A great read for those who wanted to know more about Trak:



Not expecting any telematics news on the Budget tomorrow but still interesting to see if there will be some measure positive for the sector.

[blondeamon] 22/11/2016 15:38

Over one in ten drivers admit to using a phone at the wheel, survey finds.

[40toolong] 22/11/2016 15:05

Could be breaking the 200p barrier a couple of days early.

No stopping us now!

[blondeamon] 22/11/2016 11:58

PIs coming back, realise this is bargain territory and want to be in before results.

Short-term base 230p, mid-term base 280p.

[40toolong] 21/11/2016 17:42

It's bolted on now. TW will have no followers in two weeks, mark my words!!!!

[nickg2] 21/11/2016 17:32

Nice late trade.. £32k's worth...

[sheep_herder] 21/11/2016 12:07

What was finnCap's previous target price?

[martinthebrave] 21/11/2016 10:57

Buys going through at 189p. Already 10% up on 8am buy. Cautiously optimistic....

[40toolong] 21/11/2016 09:29

Strong interest and pre results should take this to 200 before the weekend.

Any telematics mention in the budget will turbo boost this to 250-275 pre-results.

Topped up already and will buy up to 200

[qs99] 21/11/2016 08:57

looking firm this am

[blueeyes13] 21/11/2016 08:21

I'm in, good to be onboard. :-)

[martinthebrave] 21/11/2016 08:01

Added first thing. Probably the last tranche.

[michaelmouse] 21/11/2016 07:20

blueeyes13 - Thanks for your kind comments. Good luck with your investment here.

[blueeyes13] 21/11/2016 07:15

Blondeamon and MM, thank you very much. I'd seen the 2 strategy videos but hadn't heard the Paul Scott interview which was extremely helpful and cleared up a couple of things in my mind. MM thank you for your excellent blog too, please keep it going as I saw in your Jan post I think it was that you were thinking of stopping or reducing. I, for one, find your posts extremely interesting and informative. I have decided to take an initial position here and will aim to build up as more positive news flows. Even though I've only been stock investing for 6 months, I'm a long term investor and believe the company has excellent prospects and has the major benefit of operating in a growing industry. The products and services are also obviously highly valued as can be seen by their blue chip clients. Thank you once again and best wishes to all sincere shareholders here. Even though AVS takeover by a US firm was a great result there is a tinge of sadness, I like the thought of investing long term in successful British companies and seeing them grow which MM is used to doing. Regards

[blondeamon] 20/11/2016 23:35

Yes MM, just had to repeat it to believe it :)

1 week left to find out the latest updates.

[michaelmouse] 20/11/2016 22:33

"AA has 3.3m members!

Imagine if they decide to start offering our telematics solutions to either their Breakdown Assistance (like we do for Green Flag) or on their Car Insurance (like we do for Direct Line)."

That was the point of my blog post blondeamon. The Telegraph article suggests that this is the idea behind the current 10,000 car trial.