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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 08/2/2023 12:18 by smithie6 I'm not so sure that the acquisition of Sensiguard by Overhaul is good news for Trac, as investors seem to think."SensiGuard’s VizCommTM device sensors transmit location, temperature, light, and other data to the application" imo - the possibility of TRAC tracking software being used by Overhaul has surely reduced (since with the acquired co. comes with their propietary software tools) - same for use of TRAC hardware, imo. since Overhaul now has use of more hardware options (those normally used by Sensiguard, eg SensiGuard’s VizCommTM device sensors) rather than less. ----- I also note that Overhaul bought Sensiguard & its tracking software rather than buy TRAC. Overhaul now has a higher number of staff & offices around the world. imo this makes TRAC look even smaller/irrelevant than it was before Overhaul bought Sensiguard. |
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. |
Posted at 14/11/2022 23:24 by smithie6 Joul also issued RNSs including 'feel good text'.......'this is progressing, that change is going well' but it also had debts, like TRAC has debts the Joul shares are now suspended & I think it has gone in to administration. ----- Volvere bt a company out of administration, making cheesecakes. They invested some money in to it but failed to turn it around. That subsidiary has stopped work, workers gone, in administration. It can be difficult to stay in business. Lots of costs, taxes & overheads to support. Plenty of listed companies are de-listing & going in to administration. I hope TRAC avoids that but investors should note it has debts & that it has always been loss making since listing & only stayed afloat due to repeat cash raises. And yes, there is competition. Ah, the chart going from 5p to 28p & then to 8p shows that it is high risk & , well, unstable. |
Posted at 14/9/2022 10:24 by nick2412 It's a justification of the unjustifiable Bapodra rather than an apology. I find these sorts of discussions tedious, so won't make any further comments.Firstly, you wrote "I have no evidence apart from something you have posted on ADFVN on this thread so for now I will have to discount that information as I have no evidence it is credible or accurate." So you questioned my honesty, and that was very offensive. Secondly, you wrote, "If you had not shared that informed which you were not obliged to then as an investor one would simply not know" That's a bizarre point as a) why would you not want to know and b) my post providing the information was in response to your post asking if anyone knew if TRAC was still in breach of the banking covenant! You asked earlier on the thread: "Can someone please be kind enough to share 'credible' information on the banking covenant issue please. I may contact the company myself with regards to this." I had the information direct from the Company CFO via email, which I posted word for word in direct response to your request. I was providing the information you specifically sought, and rather than question my honesty, you could either of accepted it with thanks or contacted the CFO privately to check for yourself. If you hadn't asked, I wouldn't have posted. The most useful (and frequently rare) threads on ADVFN provide an exchange of useful and factual information. You seem to take exception to that, which is odd. Enough said, and I won't be replying or commenting anymore as there are far more interesting takes on the results to discuss. I've already used up my annual capacity for boredom in bothering to reply and explain the obvious. Good luck. |
Posted at 14/7/2022 08:14 by nick2412 Bapodra_Investments 13 Jul '22 - 12:30 - 595 of 6050 0 1 Nick2412 - Are you still here following TRAC? I know you sold and exited but things may start to get interesting here in the coming weeks and months. -------------------- Bapodra, I hope you are keeping well and thanks for keeping the thread going. I keep my eye on it from time time. It's certainly interesting and capable of being a multi-bagger but they keep enticing investors with distributor deals with multi-million minimum requirements. That's fine but what investors really need to see is the initial distributor deals (with enormous minimum sales requirements) showing some sign of being even 10% on track (no pun intended!) I did query with the Company a couple of weeks ago the reference to the breach in the banking covenant mentioned in the last set of results. Igor, the CF, replied "As we updated, we were in breaching of financial covenants with the bank and we still under negotiation to find mutual proper solution as we had done before." That continuing breach and the convertible loan puts me off from investing. A well-funded t42 (even with the issue of distributor deals rather than revenues from the smart containers or DHL) would tip the risk/reward balance towards getting back in. I feel they need a funding to sort out the breach and replace the convertible loan. I'd get back in then but it's curious they haven't addressed this yet. All very interesting and potentially rewarding but I'll watch and wait for now. |
Posted at 13/7/2022 08:47 by sunshine today Don’t look at the share price, it’s meaningless, look at the market cap. ( all the shares at todays price ).Under £50M in my opinion is cheap, it’s just £8.9M right now. A tiny £60,000 of turnover in the shares so far this morning. So very few investors have picked up on this, so far today. Profits , ( recurring revenues will be extremely highly valued ) PE of 40 requires just £1M of after tax profit. That gives you the potential here. (£40M market cap ). |
Posted at 01/3/2022 09:58 by nig1954 I've managed to locate a copy of Igor's interview with CFO Forum, Israel, which took place 3 weeks ago. Sadly it's in Hebrew. However, if you press "play", you'll see 4 captions in the bottom right hand corner. Press "cc" and eventually English captions will appear, approx. from 1.15 minutes into the interview. These provide a broad out line of their discussion [...]It contains a breakdown of the 2 contracts recently announced which are with a combination of Brazilian and US port authorities- let's not forget that Brazil is South America's largest economy. Lots of great info to digest. The following represents the contact details: It also provides details of their principal competitors and explains in graphic detail why t42's technology is considered superior -interestingly, none of their competitors offer AI-based optimisation services. I believe 1 of those competitors is the company which claims to have 80% of the connected US telecoms IoT market but by their own admission this only represents 2% of the US market. Furthermore, the US container tracking market represents more than 20% of the global market which outlines why the US market is so important. In the Business Model section there’s reference to the fact they’re generating 24 Billion data records every year- I'm sure many investors will realise the potential value that can be extracted from selling this data and again it helps explain who is t42's target market and why this info may be so valuable to them You can appreciate why such information would be valuable to tax authorities, customs authorities, insurance companies and homeland security . Tax revenue collection is approx. 15% of GDP in medium/small countries and over 30% of GDP in developed countries .Developing countries have much less to spend on infrastructure and good governance . Tax compliance is extremely difficult to enforce in many small countries and tax evasion is prolific. The financial cost of adopting t42’s technology is relatively small in the context of the additional tax revenues which it would yield. South and Central American tax authorities would benefit immensely from being able to collect the correct tax revenues especially where corruption is endemic, - we’ve also been told that funds can be made available to help these countries transition to this digital technology . Hopefully t42 can present a powerful case to persuade these countries to adopt their technology and if it can gain first mover status then in the process it places itself in a very strong position to generate significant revenues for itself for many years to come. Finally, this is only in relation to the 2 contracts recently announced which are classed as pilot contracts but with scope for many more similar contracts to follow |
Posted at 11/2/2022 13:02 by sunshine today Great to see different views.Investors tend to think shares are complicated, they are not. First you need a product or service (TRAC have both,) Then you require customers ( TRAC have some ) Then you need to deliver. So two of the big risks are already taken care of. That leaves delivery of the service. Most of the growth companies on AIM have not even achieved the first two stages. |
Posted at 02/2/2022 21:33 by nick2412 You may well be right Bapodra but there are a few microcap funds along with high net worth investors who might have seen an opportunity here. It's just odd that 6 buy trades below 120 shares went through this afternoon.One small-cap fund that might be taking a look is the one run by Miles McNulty. He or his fund used to hold 13m plus shares in Starcom and he sold in 2019. He might be tempted to buy back in for his family fund as t42 tells a new and compelling story. He usually publicises his holdings once he has bought in, so we will get to know in due course. |
Posted at 17/1/2022 14:12 by smithie6 On the other hand it is a dangerous strategy to value a company at £15 million that- was not able to issue/create its accounts without the 2 recent cash raises (going concern statement) (the co. had max'd out its loans & was borrowing from dirs. & paying dirs using shares !!) - has a documented history of announcing expected future sales from a new distributor/client That NEVER turn in to reality. - that announce an agreement to have a distributor as being like a contract for sales & give numbers for possible sales. It is/was not. Sadly most investors seem unable to read the actual words & can be mislead, like sheep. - the share price is already 3 x turnover. & Loss making. & With notable debts. Over priced imo. ----- I hope that it works out for holders but for me the risk/reward is completely different than what you think it is. (1 company in USA has 80% of the past sales of monitoring units on thermal containers, reefers. Apparently an installed number of 400-500k. It is "NOT" Lse:trac Do Trac investors know the name of that other company ? Probably not. Have Trac investors done any research ? Probably not. ---- If Trac were to get sales in 2022 of say £1million (25% of annual turnover ) for container trackers it would make little difference to the accounts imo & the com would still be loss making. ---- Ah And this is supposed to be the most exciting time for the co. in all the years it has been listed. & weeks before, a respected non-exec. departs. Negative sign imo. |
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