T42 Iot Tracking Solutions Share Discussion Threads

[dancing piranha] 13/1/2023 13:43

I'm gonna say mid January is Monday 16th.

Shall we expect some positive news?

I sure hope so, cos I'm still holding 50k shares in this donkey "jam next year"!!

[turbotrader2] 16/12/2022 20:42

Speak to me mid January

[dancing piranha] 16/12/2022 19:12

We all make mistakes, don't be hard on yourself!

[dancing piranha] 15/12/2022 16:50

Agreed,

More rearranging of the chairs on the deck of RMS T42, which hopefully will aid buoyancy for another year, if lucky!

Clearly, the bottom line is, no one wants their product!

They've over hyped it..... AVOID!

[dave4545] 15/12/2022 13:46

Well that is a surprise funding at a decent premium.

Considering how bad some placings have been lately this is pretty good.

Others might disgaree

[dancing piranha] 06/12/2022 13:43

It's their track record that is the concern.....

[dave4545] 06/12/2022 13:36

I took a loss today. I'm just seeing all the prices stocks are doing placings at and thinking will Trac do their usual placing too and what price will they get in this market.

Might be wrong, might not do one and if they do they might be able to get one away close to the current price but I do not fancy taking the risk in this market

[dancing piranha] 06/12/2022 13:24

Great comments recently, but still no solid news!

Market has now lost faith it would seem, and pricing in a cash call??

[smithie6] 29/11/2022 18:49

I agree.

----
for technology it is worth noting that for £20-70 one can buy a remote security device on Amazon that will send a message to your phone if triggered.
In Asia you can surely buy the core parts very cheaply & create your own security sector product. Sure, you need to pay costs for engineers & software ppl. make prototypes, test, modify the design, test again, modify/improve & so on. But in 2022 it is not rocket science.
(look for example at the performance of a £150 smart phone which now does everything (GPS, bluetoouth, wi-fi, calls, internet, radio, games, TV, videos .....does everything except make toast !)

(patents. I think that Trac doesn't have any).

[gb904150] 29/11/2022 13:16

I agree on the point that the products look attractive - both the container tracking and Lokies products in particular.

That said - Trac or Starcom as it was have a long history of announcing RNS 'deals' and 'framework agreements' that 'have the potential to reach £Xm' but never end up doing so.

If you plough back through a few years of RNS's you will find similarly worded agreements that never amounted to much.

For those reasons you have to remain pretty sceptical here. As I say, seemingly great technology but not so hot on the execution, imho. NAI. The TRAC record is not great.

[nick2412] 29/11/2022 11:27

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.

[blackhorse23] 29/11/2022 11:19

No trade so far

[dancing piranha] 22/11/2022 18:32

Another lame RNS...

[gilou9] 22/11/2022 08:06

Another contact signed which is good news. Could have given a bit more info on how much on financial detail but still good news.

[gilou9] 17/11/2022 16:11

A couple of day like we have just had with CPX would be good. It's probably going to need Avi to announce some of those sales he expected to be announced first.

[gilou9] 17/11/2022 14:10

Quiet day for TRAC but with the RNS announcing the sales all will change very quickly I'm absolutely sure about that.

[smithie6] 16/11/2022 22:37

looking at the interim rpt the co. is losing ~1 million $/ year

so, does the co. need to do a cash raise in order to get a 1 year going concern statement in its accounts, to avoid suspension in 2023 if can't get a going concern statement from its auditor ?

[smithie6] 16/11/2022 22:22

good luck to holders

but 2022 ends in ~6 weeks & the hoped for sizeable contracts arriving in 2022 have not happened in the 46 weeks that have gone past so far in 2022.

...I hope the contracts do arrive, for the workers & shareholders.
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What is the cash situation ?
since if another cash raise was needed via new shares (I assume that bank loans are already max'd out, as before) , it will surely be more difficult to get it away than last time. & at lower price than last time.

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I don't hold, I have in the past.

[gilou9] 16/11/2022 11:51

Another impatient seller but I suppose in fairness time is ticking on without further news of sales, contracts which is disappointing but I still believe it will come and then we’ll be away back upwards strongly.

[gilou9] 15/11/2022 11:22

Someone's had enough of waiting for that RNS to arrive.