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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| T42 Iot Tracking Solutions Plc | TRAC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 08:00:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.75 | 2.75 | 2.75 | 2.75 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 27/5/2024 22:21 by smithie6 after numerous RNSs announcing 'deals' (but little imo in hard sales)if I was a cynic my guess would be that TRAC will now announce a cash raise. (yes, yet another cash raise, as done since they first listed ) ----- I sold at ~23p, what do I know. |
Posted at 27/5/2024 22:18 by smithie6 z1co posted"The total market value for tracking solutions ...is forecasted to grow at a from € 1.8 billion in 2022 to € 3.4 billion by 2027" 1.8 billion € in 2022. and the cap. value (& turnover ) of TRAC is a whisker away from zero. What does that tell you ?!! ;-) (that their market share is about....zero !) |
Posted at 13/5/2024 11:40 by citys2874 Sold out of TRAC and put into GILD news also just out worth a look and buying |
Posted at 13/5/2024 11:37 by smithie6 RNS..same old, same old...imo& this time around there isn't even an initial order !!!!!! ..because the development is not finished !!! & between now & placement of a hoped for order... who knows what might happen... the client will of course have a new look at products from competitors & especially at any new products... & every competitor in the world now knows there is a logistics company looking to buy.....so, all the competition will be finding out who it is & then offering their products. and normally what happens before any customer places an order with a mfr is to hesitate....& try to get a better deal, perhaps a smaller initial order, perhaps delayed payment, perhaps a lower price. etc etc. One has to be careful if one counts ones chickens before they hatch. So many times before with Trac the eggs dissapoint & turn out to be.....red herrings !! but good luck to them, I hope they survive & then do well. But if this company was any smaller it would not be visible even with a microscope ! ..that is not because it is doing well, 'cause it aint. |
Posted at 13/5/2024 11:04 by manual dexterity 3 May 2024t42 IoT Tracking Solutions plc ("t42" or the "Company") t42 Secures Long Term Agreement for 30,000 Monitoring Systems Over 3 Years, with estimated value of up to c. $4.5 million Highlights: · Major agreement with estimated value of up to c. $4.5 million for both hardware and SaaS subscription fees over three years; · Initial order due to be placed for 10,000 units, following acceptance of the now updated tracking solution to the client; · Client is a leading company in Brazil within the transportation and logistics security tracking sector t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or "the Company"), which provides real-time tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market sectors, is pleased to announce that after long and thorough process of assessment, it has entered into a development and supply agreement ("Agreement) with a transportation and logistics security tracking firm in Brazil (the "Client") for 30,000 tracking units over 3 years, together with associated SaaS revenues. The Agreement is estimated by the Company to have a total potential value of up to approximately $4.5 million, over the 3-year period, on the basis of full deployment of the hardware and software services. Under the Agreement, following acceptance by the Client of the system development, the Client is due to place an initial order with t42 for 10,000 tracking units, with a non-refundable deposit payment having been received by the Company. Revenues from the initial order, once placed, are expected to be received commencing in FY 2024. The Company will update the market once the initial order has been received. The Agreement, which includes ongoing systems development, has been executed after over a year of evaluation of the Company's systems by the Client and a detailed analysis of the Client's requirements by t42, which demonstrated the Company's knowledge and ability to accurately identify the Client's needs and to develop a product to meet these needs. t42's comprehensive solution, integrating its tracking units, has been developed through the integration of various currently independent systems coupled with the introduction of new applications into a unified system. These enhancements extend to all facets of the system, encompassing hardware, management software, and ultimately, a smartphone application for end-user service, affording the Client a considerable advantage in their domestic market and facilitates their entry into international markets. This solution simplifies the system's implementation with the Client's own systems. Avi Hartmann, CEO of t42, commented: "We are once again observing tangible evidence of sustained efforts to integrate t42's innovative solutions within the supply chain management sector. There is a notable surge in demand for the expertise and experience offered by t42, and we are optimistic that this will result in further contracts as we move forward." Contacts: t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman 07785 727595 Avi Hartmann, CEO +9 |
Posted at 05/2/2024 09:07 by smithie6 ...shorters..Get real. No one shorts shares with a cap. value so close to zero ! And very few, or zero, financial houses would offer shorts in Trac. And any that might would only do it for peanuts in shares. ----- ...each to their own opinion but imo today's RNS is yet other red herring. The co. has a real need, unless it convinced loan note holders to not call in their loans then imo the co. would be in administration (that is what happens when you are loss making & can't pay back loans on the due dates). I hope the company survives but it has never delivered & today's news makes no change to that. Is the customer DHL, Fed. Express, MSC, Maersk, Hapag Lloyd,..making an order for 1/2 million units ? No ! The gross profit from this order (1000 units, apparently, over what time frame ?) surely doesn't cover a fraction of the costs of operating the company. And appears to be a sale to a company that is not a major player. Zzzzzzzz. ----- This company has been banging the drum for ages about supplying the massive potential market in shipping containers. Let us be truthful, it has not happened. As a result the cap. value of the co. is close to zero. Might the co. have success in 2, 3, 5 years ? Who knows. But will it still exist then to find out ?. Debt up to its eyeballs & over their heads'. |
Posted at 22/1/2024 12:21 by smithie6 Convertible loans. RNS for possible extension of repayment date.So, if the lender does not agree to delay the repayment & asks for repayment & one assumes that the co. can't repay the loan then does that mean curtains for TRAC or at least suspension of it's shares 'while its financial position is clarified' ?? |
Posted at 01/12/2023 08:40 by smithie6 "In response, shipping companies are allocating significant capital to address this, targeting to make 25% of their containers 'smart' by 2026".'if' that was true then major contracts are being placed now by shipping companies or container companies for smart modules And we know that TRAC is not receiving those orders, so someone must be. Or the claim is false. Sorry, but I have zero confidence in the bod of TRAC. Years of dubious or rubbery RNSs which never produce any real turnover. |
Posted at 01/12/2023 07:56 by dave4545 1 December 2023t42 IoT Tracking Solutions plc Sateliot and t42 Lead the Way with Satellite-Based 5G IoT Maritime Tracking Solution T42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), and Sateliot IOT Sefvices S.L. ("Sateliot"), based in Barcelona, the first company to operate a Low-Earth orbit (LEO) 5G IoT satellite constellation, are pleased to announce that the parties have agreed to collaborate to boost their connected containers offerings. t42 intends to incorporate 5G-IoT communication modules into its existing and future devices deployed in containers for its more than 50 logistics partners across the Globe, connecting them to Sateliot's satellites, thus eliminating the problem of lack of coverage on the high seas. This will ensure secure control of merchandise at all times, as these modules monitor location, acceleration, temperature, humidity, impacts, tilt, light conditions, and container damage, among other parameters, providing intelligent detection of these variables anytime, anywhere. Positioned at the forefront of technological innovation, t42 consistently spearheads advancements in the dynamic landscape of the IoT market. The Company's commitment extends to leading the charge in revolutionising the tracking and monitoring of shipping containers. By seamlessly integrating cutting-edge technologies, we empower businesses to thrive in the fast-evolving global container and freight market. Currently, a significant majority of maritime transport containers are not tracked or inspected due to a lack of cellular and satellite connectivity, leading to losses from cargo theft, tampering, accidents, damages, etc. In response, shipping companies are allocating significant capital to address this, targeting to make 25% of their containers 'smart' by 2026. Furthermore, maritime companies handle 80% of international trade goods by volume. It is estimated that shipping companies could save many billions of euros annually by transitioning to smart connected containers. Sateliot's unique technology allows extending 5G NarrowBand-IoT connectivity to any part of the world without terrestrial coverage, without operators having to change their hardware, and at a low cost. The significance of this technology lies in the premise that operators can connect to the nanosatellite network via a roaming service when they need to extend their coverage. Furthermore, the low cost per device and connection is an added advantage driving this innovation. The combination of Sateliot's technology and t42's hardware is an opportunity to revolutionise a sector that has mostly stayed the same since Malcolm McLean invented the shipping container in 1956. Back then, the revolutionary solution came from the new standardised way of shipping goods, with a newly designed container perfectly shaped to fit all ships, tools, and ports. Now, the Company believes, a second revolution is in process with the new 5G standard for IoT communications capable of connecting devices seamlessly to satellite (NTN) and cellular networks. Jaume Sanpera, Sateliot's CEO, said : "Our collaboration marks a pivotal moment in the industry's history, transforming traditional shipping containers into intelligent, connected assets. Tracking in open seas, until now, a very luxurious satellite service will be democratised to all." Avi Hartmann, t42's CEO, added : "It is unbelievable what a small hardware investment can represent for the industry's performance overall. This change has come to stay; there's no doubt about it and t42 has positioned itself to be a leader in this change over the next few years." |
Posted at 29/11/2022 11:27 by nick2412 My view on TRAC:-1) it's highly investable on a risk/reward basis except for one key reason. They are running out of cash and have loans, including a convertible, albeit at a higher conversion price. 2) They hyped things after their name change. Note the January news where exclusivity was given to a distributor for the U.S. The distributor, a mysterious company called Openbox, had to bring in USD 76m of business over the five years of the 'contract' to retain exclusivity. It appears that so far Openbox hasn't brought in $1 of revenues, let alone a significant contribution to the USD $76. I think their latest linked-in video is an example of hype. It shows expensive offices and quite a lot of staff waving. It doesn't work for me given that it highlights they are burning cash and abundant staff and expensive offices are a mismatch with their current financial status. 3) The Technology development is impressive, given it's done on such a low budget. It's led by the son of the CEO and has produced Lockies which won the award for innovation from DHL. 4) Are TRAC unlucky or just poor at closing significant contracts? Nothing of significance has emerged from DHL, and other large organisations that have been mentioned in the past, including Philip Morris, United Nations, Russian Railroad and the list goes on. Has TRAC just done pilots for free in order to use big names to hype up the share price in the past? Could they still get significant contracts after such a long time since mentioning them? Or is it simply a case that big companies will not deal with TRAC given they have no cash and are running on fumes? Despite the negatives and tendency to overpromise and under-deliver, I think TRAC is an enticing risk/reward play once they sort out their cash position. They have exceptionally good products and innovate from a low-cost base. The shares are illiquid so any positive news produces a significant move up, but investors will want to see solid figures. The unfulfilled expectations created by previous extravagant announcements have damaged trust and credibility from my perspective. The other issue is that TRAC made a big issue of the fact that they had just 12 to 18 months lead over competitors. That was about 11 months ago. Given the innovative skills within the Company they may have kept ahead of the competition. Who knows. It's the sort of stock that could easily trade at 50p plus, but the current risk is too great for me due to their obvious funding. In the current market, that would be quite deeply discounted from current levels. It's a bit of a chicken and egg - they need a substantive contract to raise the share price so that any funding is not too dilutive. They are, however, perhaps unlikely to get a contract of any magnitude unless they get their balance sheet sorted. Perhaps a sale of the Company is the best hope for a significant return from here - at least until they get properly funded for the next year or so. Could TRAC move up significantly before getting funding? Definitely, if they could land a significant contract. That's for braver investors than me given the funding needed. |
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