Trakm8 Share Discussion Threads

[ch1ck] 13/3/2017 10:28

It's time to buy. Charts look ready to turn

[blondeamon] 13/3/2017 10:10

IMO there'll be an opportunity to buy below placing price in the near future which I intend to take advantage. One of the few benefits of being a PI against large institutions.

[trotterstrading] 06/3/2017 20:32

News soon imo. The BoD participation in the placing was almost unprecedented for AIM in terms of % of salaries. No way the BoD are going to risk thatmuch of their own cash without being supremely confident they will deliver an increase in the SP

[paleje] 06/3/2017 11:17

Thanks for that income/shareholding perspective blondie, and the 2011 info from mm, no guarantees but they add weight to the buy case imo.

[michaelmouse] 05/3/2017 15:03

A little bit more for those interested.

Thanks blondeamon for the time and effort in post 1380.

[michaelmouse] 05/3/2017 14:10

Excellent post blondeamon. They certainly deserve to be successful with the commitment they have shown.

[apad] 05/3/2017 13:48

Thanks, W.
I've decided to do a limited scan of rns data on cash flow. See VLG board, FWIW :-)
apad
ps
I have no accountancy background.

[blondeamon] 05/3/2017 12:47

Trakm8 Annual Report 2016



Salaries of boards vs recent share purchases

1) CEO John Watkins 217,000 gbp annual salary - bought 50,000 gbp worth of shares (at 110p) and 220,000gbp worth of shares(at 65p) with the placing. Total: 270,000gbp in 2017 alone. Also held 18% of company before that.

2) FD James Hedges 129,000 gbp annual salary - bought 70,000gbp worth of shares(at 65p) with the placing. Also held 6.6% of company before that.

3) Tim Cowley 106,000 gbp annual salary - bought 60,000gbp worth of shares(at 65p) with the placing. Also held 5.7% of company before that.

4) Matt Cowley 92,000 gbp annual salary - bought 100,000gbp worth of shares(at 65p) with the placing. Also held 4.9% of company before that.

5) NED Bill Duffy 24,000 gbp annual salary - bought 100,000gbp worth of shares(at 65p) with the placing. Also held 0.12% of company before that.

6) Keith Evans 31,000 gbp annual salary - bought 153,000gbp worth of shares(at 65p) with the placing. Also held 0% of company before that.



The percentages of salaries invested for the CEO, FD, the top 2 directors and the 2 NEDs are revealing of everything you need to know. CEO has just spent 125% of his annual salary, FD 55% , TC 56% and MC 108% . Non Exec directors bought 416% of their annual salary 493% respectively.

And I counted gross salary numbers, if you actually look net salaries after tax each number can easily double.


The CEO and the FD could be basing their whole fortunes on this, I get it. But why did everyone else follow betting their own money in huge amounts on it. We're talking 8 people here, lots of which are NEDs and normal staff who are going in big.

If this isn't a sign of management knowing something the market doesn't then I don't know what is.

[wilmdav] 05/3/2017 00:29

APAD,
I get all my data from Sharepad, which is an online version of Sharescope. They do provide a key metrics summary for all LSE shares but it doesn't get updated immediately results come out, usually one or two days later.
They also provide quite detailed historical tables, e.g.income statement, cash flow, balance sheets covering the last 10 or more years. These can all be downloaded as csv files.

[apad] 04/3/2017 11:15

Wilmdav,
Can you advise about a skeleton of financial data to hold about a share, and maybe a source?
I couldn't keep anything like the record that you keep.
I have access to Morningstar, but when new results come out I would like to have half a dozen or so key metrics to look at.
I get confused about different data sources giving different numbers too!
apad

[adamb1978] 04/3/2017 10:31

I got out of TRAK on Friday nursing a chunky loss. I was concerned with their balance sheet after the trading update however unfortunately was too busy at work to make the decision to sell.

One of the real problems which a lot of people forget about when they look at TRAK but which has caused me anxiety over the last year or so is the ballooning capitalised development costs - in H2 FY16 these increased to £1.3m from the previous 6m run-rate of around £500k and then went to £1.5m in H1 this year. This impacts cash generation and flatters EPS. However very few people actually normalise EPS for the development costs and it massively impacts EPS if you do (my estimate is that normalising the amortisation of these costs for the actual cash spent in the year takes around 4p off EPS). From a cash position, I still have them without outflows next year because of these costs.

Share price has now been hammered but the difference between something which drops 80% and something which drops 90%, is that the think which dropped 90% halved after falling 80%! So I don't take the argument about continuing to hold just because its fallen. Given the topline has stalled now for around a year, there has to be a very realistic probability that the company doesn't become one of the leaders in this emerging growth industry and that they could become very susceptible to one or two large customers moving to others.

Thankfully I made quite a bit on the way up, and have probably given away only 75% or so that on the way down so still net positive - annoying though given it takes some shine off my performance this year.

All the best for holders; I'll watch from the sidelines for now.

Adam

[albanyvillas] 03/3/2017 21:30

I wouldnyt want to be holding this when it next warns

[pj 1] 03/3/2017 20:48

Agreed and moderated much earlier this evening!

[michaelmouse] 03/3/2017 18:57

Setting up a username of "michaelamouse" should give you a hint about his/her mental stability. Cheers.

[michaelmouse] 03/3/2017 18:51

PJ1 - michaelamouse is also lukead, elrico, happyman7, + others.

I haven't a clue what this weirdo is saying since I've put it on filter. I'd appreciate it if you could moderate all this nutters posts though. Thanks in advance.

[michaelamouse] 03/3/2017 18:46

wouldn't you say, given the circumstances 20p is nearer the mark, than wow £20, whuch is an unbelievable figure to come up with

[michaelmouse] 03/3/2017 17:06

Bottomfisher - It has the opposite effect on me. If I see a micro/small cap with lots of institutional holders it makes me very nervous. They sell out at any price if there's a blip. Directors don't.

The small fundraising has been gobbled up in no time anyway.

The institutions will come on board when the share price reaches £20 and is far more liquid. That'll be the time when I re-evaluate.

Each to their own though.

[bottomfisher] 03/3/2017 16:54

would love to know names of institutions w
hich participated. I like this share but absence of sizeable instit shareholders with stakes of over 3% makes me cautious

[michaelmouse] 03/3/2017 16:50

QTX is too highly rated imo. Good balance sheet with dividend. However, dividend insufficiently generous (less than 3% including special divi) to compensate for the rating. No room for error with that one. Apologies for off topic.

[rimmy2000] 03/3/2017 16:41

APAD is a qtx holder so it would be in their interest to talk this one down.

[michaelmouse] 03/3/2017 16:37

Is that the Directors or me APAD ;)

I'll stick to my strategy of ignoring all the b*ll*cks on BBs and tipping sites if it's all the same to you.

Did you know that a certain tipster advised taking profits on Avesco at around £3 not long before the knockout take-over at £6.50?

It's the war you need to win APAD, not short term insignificant battles. ;)

[apad] 03/3/2017 16:28

Confirmation Bias!
apad