T42 Iot Tracking Solutions Plc

0.00 (0.0%)
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 0.0% 6.00 31,559 08:00:12
Bid Price Offer Price High Price Low Price Open Price
5.50 6.50 6.00 6.00 6.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computers & Software-whsl 4.21 -2.96 -0.60 - 3.15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 100 5.50 GBX

T42 Iot Tracking Solutions (TRAC) Latest News

T42 Iot Tracking Solutions (TRAC) Discussions and Chat

T42 Iot Tracking Solutions Forums and Chat

Date Time Title Posts
08/6/202321:31T42 Tracking Solutions8
30/5/202313:54t42 IoT Tracking Solutions: t42 The Answer to Smart Container Tracking860
13/7/202209:32Traction Technology198
27/2/200713:24Child Tracking Devices4

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T42 Iot Tracking Solutions (TRAC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 15:35:005.501005.50O

T42 Iot Tracking Solutions (TRAC) Top Chat Posts

Top Posts
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 05/5/2023 09:34 by datait2
so many foolish folk will be trapped in this for months, nanocap with huge spread, no institutional ownership, trades are for a few £hundred pounds, massive spread. stock is for fools that have tricked into buying by one person that took a position before they started ramping this rubbish.
proper companies have share prices that rise and stay up , then climb smoothly, why ??institutes look at eps, profit margins, ets

Posted at 04/5/2023 15:57 by smithie6
RNS out
yet another agent sign up type RNS
& course with no actual sales being made.

Trac needs cash. But imo the sales, to provide some cash from the sale price being higher than the cost to supply that product, are not happening, not in significant volumes.

Israeli port partners with Trac, an Israeli company.
No surprise there !
The port is a port operator, putting containers On/Off to ships, hence I believe it is not a buyer of container tracking/monitoring devices, but we won't mention that !

Posted at 02/3/2023 15:49 by nick2412
dave4545, I think you have answered your own question there. The tweeted comments were clearly material by any measure but TRAC has a history of bigging up things without substance.

Looks like they may have done that here hence the deletion and no rns.

That tendency to, at best over exaggerate has involved in the past using global names such as Bosch, United Nations, DHl, Russian Railroad project and the odd international airline or two and imply big contracts with them will emerge. Unfortunately, they never do.

TRAC also has a history of depicting distributorships as nailed on multi multion £ commercial contracts which ultimately produce next to nothing in the timescales TRAC state are applicable. Openbox is the prime shameless example.

Posted at 08/2/2023 19:52 by smithie6
"IRVINE, Calif, OCT. 11, 2018 — CalAmp (Nasdaq: CAMP), a technology solutions pioneer leading transformation in a global connected economy, today announced its partnership with Overhaul Group, Inc., a supply chain integrity solutions company, to provide end-to-end, real-time supply chain visibility for global transportation service providers (TSPs) and shippers."

looks like an identical teaming as Overhaul's agreement with Trac.

Will clients of Overhaul choose hardware from Camp or from Trac (or from X other suppliers)...??

Noting that Camp is listed on Nasdaq while little Trac has a cap. value of £3-4 million & that is after being listed for some years.




Much bigger than TRAC.
And surely not paying 24%/year on any loan, like Trac is !!

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"

- 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 17/8/2022 18:21 by nick2412
Grateful if this thread is kept civil. Bapodra, please just filter anyone who you find tiresome.

Still on 'watch' for me as it could go either of two ways:-

1) Secure a contract with DHL with a substantive downpayment. Do a funding at a decent level to ensure they are no longer in breach of banking covenants, remove the convertible loans and provide working capital for to fulfil orders.

2) Get more distribution agreements with little immediate revenues and 'hoped for' decent revenues in late 2023 and 2024 (as stated) and do a funding at current levels which, almost inevitably will be heavily dilutive at the current 7m m/cap.

It's a bit of a chicken and egg situation as I doubt if a company like DHL is going to give TRAC a substantive order whilst it is still in breach of its banking covenants. So, my take is that TRAC needs to do a funding before material orders come in. Who knows I could be wrong but it's usually the way larger companies operate.

There is of course a third option of a takeover but, if the board can sort out these funding issues then they may be reluctant to relinquish at this stage if they genuinely believe the distributor agreement will deliver anything close to the minimum revenues stipulated.

I've felt that TRAC have hyped things up a bit too much and represented distributor agreements as contracts and inserted unrealistic colossal minimum figures for distributors to achieve in their announcements to excite retail shareholders and inflate the share price. They undoubtedly have a very good product though in what was previously called Lokies and they just need to make the most of first mover advantage. They have said themselves about six months ago that they have 12-18 months to do so.

It's an exciting play with the potential for significant upside but, in my view, only after they do a funding, sort out their working capital needs and the banking covenant breach.

All about risk/reward and my own view is that until they sort out their finances its currently more weighted towards risk. The imminent interims may change the risk/reward balance one way or another. If they are struggling with revenues, as I suspect they might be, they will need to put out half-decent contract news with early attached revenues to make the results more palatable.

One plus factor for Starcom/TRAC is that they have done exceptionally well with innovative product development on a very low budget. It's just that a game changing substantive order has always remained elusive over the years

Posted at 27/1/2022 23:03 by smithie6
Bapodra wrote

"so even if it does not succeed I am not investing at a ridiculously high share price or market cap which is not sustainable by the performance metrics like revenues and profits."

imo, what a load of rubbish.

The share price if the revenues & profits in future accounts are essentially much the same as they were then the share price will go back to where it was or very close. 1p-1.5p before consolidation. 8p-12p after consolidation.

However !!
the cap. value might end up being the same, to represent the previous/on-going SAAS income, is it ~2 million$ & IP in various products & being listed & having contacts with various distributors & clients.

But divided by many more shares, so the resulting share price if there is no jump in turnover in 2022 could well be lower than 8p. If there is no success in 2022 some people will sell not believe the claims any longer & will sell to get out, dissapointed/tired.

And the co. may struggle to get investors of any new cash raise in 2023, if there is no success & turnover increase to justify putting in more new money.

8p is 1/3rd of the current share price of ~24p.

So, £10,000 would be worth £3,333.
The fact that a company is a small cap. does not remove the risk of losing money.

Posted at 12/1/2022 07:05 by smithie6
Lokies/tracking padlock from TRAC

Be aware that there are various other smart padlocks out there.


"We are excited to announce the availability of the PLTX-01KR-DR and the PLTX-02KR-DR."


There are various others.

Such as the G400.
Which looks to be from China & does provide tracking, it is probable targetting the market for lower cost & high volume. China, a tough (impossible?) competitor for price.

The pros & cons of each one (& whether it comes with a good easy to use tracking app, I don't know.


& Tracking device are very cheap nowadays.
Sure if you want different functions or higher performance or the tracking software to do certain things then sure an off the shelf £20 item from Amazon won't do it.

But for £1/2 million a suitable tracking app could be made, imo, by people experienced in creating tracking apps

Competitive market imo......& that prices have come down.
The many problems of lse:trak (vehicle tracking) is proof of how tough it is to survive

Lse:tst also do some stuff for vehicle tracking.


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