T42 Iot Tracking Solutions Share Discussion Threads

[bobdown2] 18/7/2022 11:41

At the moment the product looks like it is receiving validation.
The money could be in the speed up and increase in orders. The share price moving down a tad after the good news could add value at these levels. Another contract in the short term could be a great buying signal.??

[blackhorse23] 17/7/2022 23:51

MCL ( LSE) ...broker share price target 90p from 8p , which is 2021 share price value around 90p ... profit: 7.5 million, liquidity floating in market over 250 millions ... excellent profile , oversold

[smithie6] 15/7/2022 12:33

A very good post from Nick2412 imo.

Post 615.

I knew that TRAC was/is still in a wobbly financial situation but it was useful to see Nick2412 remind us that apparently it is still in breach of loan covenants, I had forgotten that.

Clearly the market is very aware of the wobbly situation of the accounts & that revenue & profit generation are still a future hope & that the co. has to survive that long.

Personally, I expect a cash raise or some other deal to create cash, because the directors, managers, listing costs, accounts audit, annual report cost, HQ secretary, marketing/advertising .....just keep eating up the cash !!

& TRAC is not generating enough of it.
Same old, same old, for last X years.

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& money is also needed to generate the next version of Lokies.
To get any sales, one has to always keep updating the products. :-(

[blackhorse23] 15/7/2022 11:52

LSE: MCL , brokers price target now 90p from 8p , another cash cow lol

[blackhorse23] 14/7/2022 21:02

AIM shares up 10% then Down 90%

[madmonkflin] 14/7/2022 12:39

fair dos - i think this has got excellent prospects and like someone else said with a £7m market cap it's got the potential for multi-bags

[madmonkflin] 14/7/2022 09:09

Well while he's waiting for the financing a load of orders will be coming in. I would rather invest now.

[nick2412] 14/7/2022 08:14

Bapodra_Investments 13 Jul '22 - 12:30 - 595 of 605
0 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.


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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.

[turbotrader2] 13/7/2022 20:55

Placing will come is my only issue

[dancing piranha] 13/7/2022 15:50

I sold this morning, happy to bank a nice profit in this financial climate!

The revenue is not due to commence until 2023, and is all rather woolly as usual...

A lot can happen in the rest of 2022, and without further positive news this will soon be back down to 10p IMHO!

Will be watching closely of course, and have no doubt this will be a great money maker in the coming years!!

[sunshine today] 13/7/2022 15:00

Another result, that will help production times and cost.

[sunshine today] 13/7/2022 14:43

This is a 40% margin business.

More to the point, it’s rapidly highly scalable.

Next up is a manufacturing partner with capital, perhaps in exchange for a slice of the revenues , or similar joint venture.

Orders attract

1/ More orders ( confidence in the product )

2/ Possible bidders for the company and its technology

3/ Backers in the form of a cash investment. ( backed by orders for security).