Turftrax Share Discussion Threads

[c1ty whispers] 14/7/2008 16:38

Sagentia, which originally developed the TurfTrax tracking system, said it will receive an upfront cash payment of 100,000 stg for the transfer of the remaining IP rights, additional shares in TurfTrax valued at 100,000 stg at the placing price, and an ongoing 50 pct revenue share on all commercial activities outside the field of sport.
..............................

What else can thier systems be applied to.Any company forcasts or personal ideas?

Sangentia still made sure thier feet were firmly in the door of potential.

Just looking in.No position as of yet if at all.

[bubsy2] 14/7/2008 15:47

put the lights out please

[double6] 14/7/2008 14:21

Looks bleak - any ideas as to what Cash they have left ??

[jonwig] 02/7/2008 12:33

Trading statement today - seems it came as no great surprise to the market.

[surething1] 02/6/2008 12:48

Jonwig, I am quoting the British Horseracing Authority.

[jonwig] 02/6/2008 11:35

SureThing ...

" ... Turftrax who have an almost identical speed sensing system in place on a large number of tracks."

A large number of tracks - that's a big statement. I thought a big part of their problem was rolling their system out.

But competition would be worldwide here, and Trakus is in the frame.

I might sound as though I have a downer on this share, but the Admission Document is very thin, and newsflow since float equally so. Let alone the share price.

[surething1] 02/6/2008 11:17

'TurfTrax faces minimal risk of competition in the UK and product duplication since
it has privileged access to the racing data used in its systems analysis. TurfTrax has secured the exclusive rights to collect and distribute horse racing data with Racing UK (RUK), which represents 30 of the UK's 59 racecourses in Jan 2007 under a 3-year contract. It has also secured an exclusive 5 year contract with Arena Leisure Racing Ltd (ARL) which represents 25% of UK's racing fixtures'

The British Horseracing Authority has said:

"The BHA has no plan and no timetable to introduce the Trakus system on UK race tracks, although as you are no doubt aware the BHB and HRA have worked extensively with Turftrax who have an almost identical speed sensing system in place on a large number of tracks"

On top of this, I do not believe that Trakus has the technology for in-racing betting.

[jonwig] 31/5/2008 16:46

A directly competing product from the US?

[jonwig] 28/5/2008 09:12

Thanks, ST1.
But it seems that the GoingStick is already in widespread use outside the trial, so I don't see any strong implications for revenue here.

Very strange company, this.
Year end is 31 March, and Newlands have a forecast of LBT £2.6m.

[surething1] 28/5/2008 08:58

GoingStick to be made mandatory next year



"Every racecourse in Britain will be required to assess the state of its ground with a GoingStick from January 1 2009, following a 12-month trial of the device which concluded at the end of March."

[surething1] 23/5/2008 16:46

Has anyone added up the buys/sells that have gone through since the large sell at 10p? To my maths it is +2,685,182. Given that a market maker picked up 2,500,000 at 10p, you would have thought that alot of those buys had been dealt by him and therefore he would have nearly cleared his books? If this is the case and the buyers keep on coming, the stock should rally. Any views?

The Old in Out, the RNS looks like non-sense...unless they are predicting the future?

[surething1] 23/5/2008 16:44

Clearly awful for such a big drop in the share price. However, for anyone who believes in it, not only can they pick it up far cheaper now than they could last week but with all the different buys that seem to be going through, I reckon it will be a bit more liquid. It is not a good market for a stock to be held so tightly by only Pre-IPO/IPO holders and only a handful of aftermarket buyers. Atleast, £2000 orders wont be moving the price 5% now!

PHrealestate, may I ask which firm had been advising you out of interest? What were they saying about it?

[the old in out] 23/5/2008 14:58

Cant see any evidence of the recovery to 13p that the rns speaks of. Can any one explain.

[jonwig] 23/5/2008 14:35

PH - do you know the racing scene?

The key company-making product is the in-race tracking chip and software, "The Pricer".

If you think that will take off, yes, it's a steal. But you need to be well-informed about horseracing to make a decision there.

I'm not, so won't be investing - at least, not till I've seen some revenue and balance sheet numbers.

By the way, was the Broker Dowgate Capital (aka City Financial Associates)?
If so, they are the NOMAD. Their list of client companies includes quite a few, er, unsuccessful examples.

[phrealestate] 23/5/2008 14:06

just been offered this by a stockbroker ....any advice? I'm nervous!!!

[tsmith2] 23/5/2008 07:10

reason for yesterday's fall..

TurfTrax says Arlington Special Situations Fund cuts voting rights in co




LONDON (Thomson Financial) - TurfTrax Plc., which distributes data to the
horse racing, betting and media industries, said Arlington Special Situations
Fund has cut its voting rights in the company to 2.5 million shares, or 5.7
percent, from 5 million shares.
[e-mail]

[jonwig] 22/5/2008 15:57

City Financial Associates Ltd - see this RNS:

[bmw30csl] 22/5/2008 15:52

who did the IPO?

[jonwig] 22/5/2008 15:46

Quite - and the cash raised at IPO was £3m, so the MCap at ~£5m is still too high for a failing business ... if that's what it is - I haven't a clue about that!

[sven2006] 22/5/2008 15:46

and will probably get a lot worse ! Chart looks aweful

[wavydavy22] 22/5/2008 15:41

floated at 40p a share only months ago and now 11p.

Shocking situation.

[jonwig] 18/4/2008 17:23

the old in out - wish I knew! I might be a buyer if I did!
The prospectus is thin on detail, which might explain a lack of interest.
People who are familiar with the racing scene would surely know how things were going here, and whether the product really had prospects.
Since I'm not involved in any way with horses, ... in doubt, stay out.

[the old in out] 18/4/2008 16:54

shame about the price, this company is looking like it should be increasing its value. What is happening?

[surething1] 07/4/2008 09:18

"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."

That would be excelent as my understanding is that the systems can be transported between courses and installed quite easily.