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TRAC T42 Iot Tracking Solutions Plc

1.85
0.00 (0.00%)
17 Apr 2025 - Closed
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% 1.85 15,052 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.70 2.00 1.85 1.85 1.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl USD 4.01M USD -420k USD -0.0076 -2.43 1.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:29:07 O 52 1.89 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
07/4/202508:16t42 IoT Tracking Solutions: t42 The Answer to Smart Container Tracking940
10/3/202510:44Winning huge contracts relative to it's market cap43
22/5/202408:55Traction Technology199
21/5/202414:52T42 Tracking Solutions33
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
2025-04-17 10:29:091.89520.98O
2025-04-17 08:44:451.9015,000284.25O

T42 Iot Tracking Solutions (TRAC) Top Chat Posts

Top Posts
Posted at 18/4/2025 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 1.85p.
T42 Iot Tracking Solutions currently has 55,126,357 shares in issue. The market capitalisation of T42 Iot Tracking Solutions is £1,019,838.
T42 Iot Tracking Solutions has a price to earnings ratio (PE ratio) of -2.43.
This morning TRAC shares opened at 1.85p
Posted at 07/4/2025 08:16 by smithie6
CLNs

is it ~$2.7m of CLNs.
If converted at ~1.8p then that would mean a lot of dilution since current cap. value is ~£1m. As a very rough calculation that would mean 1 existing share & add 2 new shares. But who knows how it might pan out.
Posted at 07/4/2025 07:57 by smithie6
RNS

Glass half full or half empty.

I read it in a negative light.
Seems imo that every project is seeing sales below expectations. And lots of promises for the future. Seems like 'same old same old...'. But each person to their own view.

2 CLNs due to be repaid in May. Surely TRAC does not have the money. I see that in a negative way.
If convert at 1.85p then what % dilution would that be ?
High, low ?
Value of CLNs ?
If do a share issue at 1.5p to raise cash to pay off the CLNs then how much dilution would that be, & would the mkt be interested ? (& just after a big mkt fall due to Trump's tariffs).

& what % tariff would TRAC have to pay for any sales to USA ?!

CFO has stepped down, at a key moment, that is not ideal imo. No one likes it when a CFO steps down.

====
I hope it works out for shareholders.
Posted at 06/4/2025 16:29 by smithie6
1.85p now

Going under 2p is not a good sign.

Although one has to wonder if it would be worth a big shipping container transport co. buying them & then equip a shed load of their containers at cost price & immediately get the acquisition cost back.

Who knows.

But the financial situation just gets worse & worse imo. Yet still they manage to keep the lights on !! But it surely must be very difficult now. If anyone demands to get paid their "payable" what happens since it looks like the co. would struggle to pay.

And if did a share issue cash raise at say 1.5p the dilution would not be good for shareholders, imo.

I hope they make it but it looks difficult.
Posted at 09/3/2025 11:55 by smithie6
no, 50% higher !

15 units.

je je.


-------

...been announcing so many potemtial big contracts over the last 2 years , & so much spin every year since they listed

The share price is at all time low.
That says that the market does not believe the company's claims/spin.

I sold at ~23p as a spike declined. Turned out to have been a good move.
Is it ~2p now ?
Would need to more than 10 bsg to get back to 23p..

=====

AIM
be very cautious imo with companies that just keep raising more money. Some are just rubbish.
Posted at 07/2/2025 08:47 by dancing piranha
What a dog of a shareFools and their money...
Posted at 16/1/2025 15:25 by dave4545
AI in TRAC which is quite big atm

Our C4I for global shipping container tracking

- 24x7x365 "AI-based monitoring"
- Secured online access across devices
- Real-time alerts and reports
- Authorities integration
- Escalation procedure logic
- Actionable data & insights
Posted at 16/12/2024 14:39 by smithie6
...'if' it happens (& it appears that none of the other agreements in the last few years ever turned in to anything real or material)

it is only ~700k$/year
perhaps £200k/year profit after the first year where it will have start up costs & run at break even or at a loss, imo

if delivers £200k/yr profit (& that is if it hits the best take up, which is surely g'teed not to happen) it is imo irrelevant. Look at the size of the debts of TRAC !

zzzzzzzz
Posted at 15/12/2024 14:24 by smithie6
share price movement...

25p....down to 6p
then halved to 3p
then doubled to 6p
then halved to 3p

....its not investing imo

potential share buyers may well do better popping down to their local betting office & putting some money on a horse in the next race at Cheltenham !!.

-----

....for how many years have they been saying that their sales to the shipping container sector were about to take off.

The share price chart infers that it never happened.

but credit to the dirs for keeping the co. going, been teetering on the cliff edge for 2-3 years imo & still going, well done. (but every year the debt & financial situation looks worse imo).

(I was lucky and sold at 23p !!)

(I see it was 210p in 2013 !!)
Posted at 13/5/2024 12:04 by manual dexterity
3 May 2024

t42 IoT Tracking Solutions plc
("t42" or the "Company")



t42 Secures Long Term Agreement for 30,000 Monitoring Systems Over 3 Years, with estimated value of up to c. $4.5 million



Highlights:

· Major agreement with estimated value of up to c. $4.5 million for both hardware and SaaS subscription fees over three years;

· Initial order due to be placed for 10,000 units, following acceptance of the now updated tracking solution to the client;

· Client is a leading company in Brazil within the transportation and logistics security tracking sector



t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or "the Company"), which provides real-time tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market sectors, is pleased to announce that after long and thorough process of assessment, it has entered into a development and supply agreement ("Agreement) with a transportation and logistics security tracking firm in Brazil (the "Client") for 30,000 tracking units over 3 years, together with associated SaaS revenues.



The Agreement is estimated by the Company to have a total potential value of up to approximately $4.5 million, over the 3-year period, on the basis of full deployment of the hardware and software services.



Under the Agreement, following acceptance by the Client of the system development, the Client is due to place an initial order with t42 for 10,000 tracking units, with a non-refundable deposit payment having been received by the Company. Revenues from the initial order, once placed, are expected to be received commencing in FY 2024. The Company will update the market once the initial order has been received.



The Agreement, which includes ongoing systems development, has been executed after over a year of evaluation of the Company's systems by the Client and a detailed analysis of the Client's requirements by t42, which demonstrated the Company's knowledge and ability to accurately identify the Client's needs and to develop a product to meet these needs.



t42's comprehensive solution, integrating its tracking units, has been developed through the integration of various currently independent systems coupled with the introduction of new applications into a unified system. These enhancements extend to all facets of the system, encompassing hardware, management software, and ultimately, a smartphone application for end-user service, affording the Client a considerable advantage in their domestic market and facilitates their entry into international markets. This solution simplifies the system's implementation with the Client's own systems.



Avi Hartmann, CEO of t42, commented: "We are once again observing tangible evidence of sustained efforts to integrate t42's innovative solutions within the supply chain management sector. There is a notable surge in demand for the expertise and experience offered by t42, and we are optimistic that this will result in further contracts as we move forward."



Contacts:



t42 IoT Tracking Solutions PLC

Michael Rosenberg, Chairman 07785 727595

Avi Hartmann, CEO +9
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

T42 Iot Tracking Solutions Frequently Asked Questions (FAQ)

What is the current T42 Iot Tracking Solutions share price?
The current share price of T42 Iot Tracking Solutions is 1.85p
How many T42 Iot Tracking Solutions shares are in issue?
T42 Iot Tracking Solutions has 55,126,357 shares in issue
What is the market cap of T42 Iot Tracking Solutions?
The market capitalisation of T42 Iot Tracking Solutions is GBP 1.02M
What is the 1 year trading range for T42 Iot Tracking Solutions share price?
T42 Iot Tracking Solutions has traded in the range of 1.70p to 7.75p during the past year
What is the PE ratio of T42 Iot Tracking Solutions?
The price to earnings ratio of T42 Iot Tracking Solutions is -2.43
What is the cash to sales ratio of T42 Iot Tracking Solutions?
The cash to sales ratio of T42 Iot Tracking Solutions is 0.25
What is the reporting currency for T42 Iot Tracking Solutions?
T42 Iot Tracking Solutions reports financial results in USD
What is the latest annual turnover for T42 Iot Tracking Solutions?
The latest annual turnover of T42 Iot Tracking Solutions is USD 4.01M
What is the latest annual profit for T42 Iot Tracking Solutions?
The latest annual profit of T42 Iot Tracking Solutions is USD -420k
What is the registered address of T42 Iot Tracking Solutions?
The registered address for T42 Iot Tracking Solutions is 13-14 ESPLANADE, ST HELIER, JERSEY, JE1 1BD
What is the T42 Iot Tracking Solutions website address?
The website address for T42 Iot Tracking Solutions is www.starcomplc.com
Which industry sector does T42 Iot Tracking Solutions operate in?
T42 Iot Tracking Solutions operates in the COMPUTERS & SOFTWARE-WHSL sector

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