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TRAC T42 Iot Tracking Solutions Plc

3.25
0.00 (0.00%)
Last Updated: 08:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
T42 Iot Tracking Solutions Plc LSE:TRAC London Ordinary Share JE00BKVDPL34 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.25 0.00 08:00:01
Bid Price Offer Price High Price Low Price Open Price
3.00 3.50 3.25 3.25 3.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl USD 4.04M USD -1.01M USD -0.0183 -1.78 1.78M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.25 GBX

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Date Time Title Posts
16/4/202412:09t42 IoT Tracking Solutions: t42 The Answer to Smart Container Tracking895
06/2/202400:31T42 Tracking Solutions32
13/7/202209:32Traction Technology198
27/2/200713:24Child Tracking Devices4

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T42 Iot Tracking Solutions (TRAC) Most Recent Trades

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Posted at 18/4/2024 09:20 by T42 Iot Tracking Solutions Daily Update
T42 Iot Tracking Solutions Plc is listed in the Computers & Software-whsl sector of the London Stock Exchange with ticker TRAC. The last closing price for T42 Iot Tracking Solutions was 3.25p.
T42 Iot Tracking Solutions currently has 54,917,055 shares in issue. The market capitalisation of T42 Iot Tracking Solutions is £1,784,804.
T42 Iot Tracking Solutions has a price to earnings ratio (PE ratio) of -1.78.
This morning TRAC shares opened at 3.25p
Posted at 07/3/2024 14:40 by smithie6
"...the Lenders will be issued for no additional consideration such number of t42 shares such that, together with the t42 shares already held, each Lender's percentage shareholding shall remain the same"

..."...at no additional consideration such number of additional shares...such that....each lender's percentage shareholding shall remain the same"

Je je, if/when that happens I guess that the share price will fall...
....more dilution, at 0p/share !
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 2023

t42 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 26/10/2023 10:29 by smithie6
..not a good sign...

An RNS mentioning the AGM & the share price falls.
Posted at 16/10/2023 08:54 by smithie6
Share price now is about 1/10th of what it was in that spike on the chart.

Imo because the company has not delivered & has funding/debt problems.
Posted at 09/10/2023 13:55 by hedgehog 100
09/10/2023 13:42 UK Regulatory (RNS & others) T42 IOT Tracking Solutions PLC Statement re actions on Israel LSE:TRAC T42 Iot Tracking Solutions Plc

"The Board of T42 notes the recent actions in Israel and provides the following statement:

The majority of the Group's products are both sourced and manufactured overseas outside of Israel and the Company is thus far, from a business perspective, unaffected by horrific events of recent days in Israel. Our team in Israel remains safe and unharmed and is operating as usual, though our thoughts and prayers are with all our friends and colleagues who have lost dear friends and relatives. The Group continues to operate effectively and remains on course to implement its strategy. ..."
Posted at 06/5/2023 09:58 by smithie6
to andrbea

the biggest port project (that I have heard of) for data from containers for port authorities is at a port in Europe

& a competitor to TRAC is involved, not TRAC.

Sorry, but no port in its right mind would have TRAC as a major technology partner in something expected to go for decades since TRAC has effectively 0 sales in the container sector & is paying is it 18% on a loan, & has loans from directors & is on the edge of going in to administration. In such a situation TRAC would only be picked in big port projects if it had gold patents which were vital to a project. And I am sure that TRAC does not have 1 patent.

In any case, if a port uses standard wi-fi or bluetooth standards for radio links & std. user interface ....
...then it should be possible for a port to communicate to any make of data unit mounted on a container. (at some time one assumes that a global standard will be published, since any solution should be global & not different for each port)
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.
T42 Iot Tracking Solutions share price data is direct from the London Stock Exchange

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