T42 Iot Tracking Solutions Share Discussion Threads

[nig1954] 27/4/2022 13:35

Plenty of rumours and speculation about this morning with Myles McNulty announcing on Twitter that he’s bought a substantial stake in the company having previously been it’s largest pi just over 2 years ago.Comments flying about that we’ll see a trading update in May and that Distribution Agreement(s) are imminent. These will be RNS’d in due course. I
Plenty of buying this morning which will no doubt include some of Myle’s avid followers.Myles also announced on Twitter that our Balance Sheet is the strongest it’s ever been. This wasn’t apparent when last year’s results were released so it must reflect business undertaken this year, presumably based on the 2 large Distribution Agreements previously announced. Don’t know where he’s got that information from but he does have a knack of being “in the know” as reflected in previous utterings when he’s acquired large stakes in a business.
Fingers X’d that something is beginning to stir. Other shareholders in contact with BOD members,whilst not privy to inside information,have been assured that there’s lots of activity taking place behind the scenes and that an announcement will be made in due course. It’s taken time to conclude negotiations so I just hope this is because of the size of the contracts under consideration

[nick2412] 21/4/2022 11:25

I suspect I will be back to join you at some stage Bapodra. Market leading products with minimal competition should produce good results and I'll await a bit more visibility.

[nick2412] 22/3/2022 14:57

For the chartists out there.

Zak Mir, whilst acknowledging the illiquidity, projecting an initial 20p from ‘very oversold’ levels and would be ‘very surprised’ if it didn’t go above recent highs which are around the 30p level.

Broken out of resistance and strong support at the 200 day moving average.

Always interested to see a Chartist view but I think it will need news as well as technicals for 30p plus levels. I suppose the argument is that charts can predict news.

[nick2412] 22/3/2022 10:50

Morning Bapodra, the website has been running for some time alongside the StarcomSystems.com site.

2 v 1 on level 2.

I'll be interested to see if they expand the geographical spread for the smart shipping container market. They have already got the main market covered (North America)but I assume they will link with a distributor for both Europe and the Far East in due course.

[goforgold1] 21/3/2022 17:37

Full of warrants from 2020

[nick2412] 21/3/2022 13:17

Good to see the buying interest today and the stock on so many levels (technicals and otherwise) just looks far too cheap.

[dennisbergkamp] 15/3/2022 21:10

Actually I can't... as I just checked their website and it's all about tracking. For some reason I had in my head that we also had a portfolio of other investments!

Unless we simply sold out and are concentrated on tracking...

D

[turbotrader2] 15/3/2022 19:33

Can you elaborate?

[dennisbergkamp] 15/3/2022 12:16

Don't we have other products/investments in STAR's portfolio? If so then renaming to T42 would almost discount everything else... which I wouldn't want from a value angle

D

[nick2412] 15/3/2022 10:07

Yes, the tracking product should be a compelling sell to the customs market and it appears t42 do have a year or so window with inferior competition. I also assume insurance premiums will be significantly lower and I'd like to see t42 tie-up with some insurance companies. RSI looks rock bottom, doesn't mean it can't go lower but I'd also expect a bounce.

Any further contracts and a positive trading update means there should bring a decent move up - then the issue about the banking covenant breach becomes a historical and meaningless technicality. I would like to see them complete their branding switch (including the website) from Starcom to t42 as well.