Turftrax Share Discussion Threads

[jonwig] 07/4/2008 08:42

Sure Thing ... the update looks positive, especially if they can find ways for courses to finance the tracking system without the upfront costs.
If not, progress will be slow.

I wonder if this was the main reason why TTX didn't perform well after IPO?

[surething1] 07/4/2008 08:33

TurfTrax plc (the "Group", "Company" or "TurfTrax")

Trading update

TurfTrax, the international horse racing data origination and distribution company, was admitted to trading on AIM on 30 January 2008.

The Company is pleased to provide the following update:

The Pricer

In October 2007, the Group, in conjunction with a development partner, launched the "Pricer", a software application that generates a continuously updating fixed odds in-running price for each horse for the duration of a horse race. The in-running price is generated through the integration of real-time speed, positioning and pre-existing data.

In line with expectations, the Board of TurfTrax is pleased to announce the availability of the Pricer to bookmakers for internet based end to end integration trials. An open invitation will be issued this week by TurfTrax for potential users to take part in these trials. A leading high street bookmaker with a significant internet presence has already agreed to participate in the trial.

The next phase of testing, expected towards the end of April 2008, should see the bookmakers integrate the application into their bet management systems for user acceptance trials.

The Board is optimistic that the first commercial contract and full launch will occur in early summer.

Tracking system

Since admission to AIM, the number of opportunities for the sale of TurfTrax tracking systems to international course operators has increased with further course operators requesting quotations for both single and multiple installations. Due to the significant capital investment required by such operators, these negotiations are taking longer than expected.

The Company is currently developing a financial model with a third party which will enable course operators to pay for the use of a tracking system as they use it rather than their incurring a significant upfront capital investment. TurfTrax would receive its revenues on normal terms.

Data provision

TurfTrax has now signed a 12 month contract with Trinity Mirror plc for the provision of data to be published on the Daily Mirror racing pages and the provision of a mobile phone service to access our form guide data. The commercial terms include a share of the mobile phone revenue earned. Discussions are taking place with other parties for comparable "white label" form guide information services.

A further announcement will be made in due course.


END


Contact:


Nicky Green TurfTrax plc + 44 (0) 1722 434 000



Stephen Goschalk Newland Stockbroker Ltd + 44 (0) 207 290 2414



Liam Murray City Financial Associates + 44 (0) 207 492 4777
Ltd



Vikki Krause Hansard Group + 44 (0) 207 245 1100




Looks positive. More than I was hoping for. Views?

[surething1] 17/3/2008 07:35

Looks like the GoingStick is gaining international acceptance. Could it become an international standard piece of kit at each course like it is in the UK?

[bugs bunny] 18/2/2008 11:57

The bottom was found at last and a decent recovery should see us clock up a few blue days.

[groin] 15/2/2008 17:49

I think it is a new deal. I have checked with a couple of sources and it would appear that this is new business and not just a re-hash.
I have a holding and will be adding more at these daft levels.

[surething1] 15/2/2008 08:41

- Does anyone know if this is a new deal with The Mirror?

[jonwig] 08/2/2008 07:12

many thanks - Much obliged, SureThing.

[hibberts] 07/2/2008 16:39

Some of todays sells are infact buys i know this because some of them are mine.

[drw1] 07/2/2008 16:11

Sagentia eyes another exit as TurfTrax unveils IPO
Written by Ben Fountain
Thursday, 03 January 2008
Technology consulting and venturing outfit, Sagentia has announced that horseracing technology company, TurfTrax - in which it owns an 8.8 per cent stake - is seeking a £3m IPO on the AIM market.

The placing is aimed at providing TurfTrax with "sufficient funds for the expansion of its ongoing international commercial interests, increased capital expenditure and further working capital."


Admission is anticipated to occur later this month, following which Sagentia will own approximately 7.3 per cent of the enlarged share capital. TurfTrax supplies data and data products related to the real-time, 'in-race' speed and position tracking of race horses.


The company's tracking data enables the provision of fixed odds 'in-running' betting with dynamically changing prices. The product is based on technology originally developed at Harston-based Sagentia. TurfTrax says it believes that its new betting product represents the "most significant product revolution within horse race betting in the past 20 years."


Total betting turnover in Great Britain in 2006 was in excess of £10bn and generated the horse race betting industry around £680m of net win (gross profit less levy and gross profit tax).
Trackback(0)

The reason for current weakness?ENTHUSIASTIC SELLER?

[man overbored] 07/2/2008 15:30

Someone is worried for them have repeated the release on RNS today. Perhaps the seller is unhappy with his proceeds?

[groin] 07/2/2008 12:05

There's that 10k seller again!

[bugs bunny] 07/2/2008 11:29

I have taken the plunge and bought yesterday and today.
I just can't see any reason for such a poor debut. The company is an excellent business with great prospects.
I will continue to add and tuck away.
Strong stomach? No not really, but when I see something being offered at such a discount I just can't resist.

[jonwig] 07/2/2008 08:19

Must be galling for a company to have to put out such an announcement when they'd rather be toasting the float with bubbly!

You'd think a lot of savvy PIs were also knowledgeable of the racing scene, and have bought in to support a company with a great future, no?

But for those of us who are less expert, I notice that the Admission Document is rather thin on information.
Anyway, when this sort of share price action happens, I'm more inclined to steer clear than grab an apparent bargain.

[tsmith2] 06/2/2008 22:05

TurfTrax Plc ("Turftrax" or the "Company"): Share Price Movement


LONDON, February 6 /PRNewswire/ -- The board of TurfTrax (LSE: TTX) has noted the recent decline in the Company's share price and can confirm that there has been no change in the Company's current position and reaffirms their confidence in its prospects, as detailed in the Admission Document dated 8 January 2008, and knows of no reason for the decline.


For further information:

Nicky Green TurfTrax Plc [phone]
Liam Murray (Nomad) City Financial Associates Ltd [phone]
Stephen Goschalk Newland Stockbroker Ltd [phone]
Andrew Tan Hansard Group [phone]


Distributed by PR Newswire on behalf of TurfTrax Plc

[bugs bunny] 06/2/2008 11:09

Down 50% against the float price and the level must have been found by now!!

[kanwar] 06/2/2008 11:01

Not a holder. Read about TTX, keep on my monitor, looks interesting.

[jonwig] 01/2/2008 07:44

Tightly-held stock - yes, with a 12 month lock-in.
I'll put a list of major holders into the header when I've time.
Some PIs may have had access to the IPO (though not the firm I deal with). Employee shares maybe getting sold??