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TRAC T42 Iot Tracking Solutions Plc

2.75
0.00 (0.00%)
Last Updated: 08:00:24
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% 2.75 0.00 08:00:24
Bid Price Offer Price High Price Low Price Open Price
2.50 3.00 2.75 2.75 2.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl USD 4.01M USD -420k USD -0.0076 -3.62 1.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.75 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
19/11/202419:49t42 IoT Tracking Solutions: t42 The Answer to Smart Container Tracking921
26/6/202406:20Winning huge contracts relative to it's market cap40
22/5/202407:55Traction Technology199
21/5/202413:52T42 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
2024-11-20 13:02:052.50661.65O
2024-11-20 10:03:202.5045,0001,125.00O

T42 Iot Tracking Solutions (TRAC) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 2.75p.
T42 Iot Tracking Solutions currently has 55,126,357 shares in issue. The market capitalisation of T42 Iot Tracking Solutions is £1,515,975.
T42 Iot Tracking Solutions has a price to earnings ratio (PE ratio) of -3.62.
This morning TRAC shares opened at 2.75p
Posted at 05/6/2024 10:24 by z1co
Share price is at a 12 month high and looking to break out towards 9p to 10p
Posted at 29/5/2024 05:43 by glavey
Z1CO
28 May '24 - 12:47 - 24

" Glavey

You're talking rubbish , share price very strong which is indicating more deals are imminent. "

In which case, Z1CO, you had no need to moderate my post (23), but you chose otherwise.

I don't mind being proven to be wrong, but you won't be able to demonstrate that if you have totally erased the comment.

¯¬_(ツ)_/¯
Posted at 28/5/2024 13:07 by z1co
All 3 posters above have recently sold out and are looking to buy in cheaper hence the deramps.

Share price will continue to rise for more imminent contracts.

The company has won more than $20m worth of contracts so far in 2024
Posted at 28/5/2024 11:47 by z1co
Glavey

You're talking rubbish , share price very strong which is indicating more deals are imminent.
Posted at 27/5/2024 22:18 by smithie6
z1co posted

"The total market value for tracking solutions ...is forecasted to grow at a from € 1.8 billion in 2022 to € 3.4 billion by 2027"

1.8 billion € in 2022.

and

the cap. value (& turnover ) of TRAC is a whisker away from zero.

What does that tell you ?!!

;-)

(that their market share is about....zero !)
Posted at 22/5/2024 11:55 by z1co
A few that have sold out yesterday are just releasing bad gas through their rear on the other threads

The company in 2024 so far has won over $20m worth of contracts.

The largest was announced yesterday , these wins are HUGE in comparison to it's market cap of only £2.88m.

The share price will rerate significantly higher.
Posted at 22/5/2024 11:28 by z1co
Yesterdays intra day high of 7.75p was the highest for more than 12 months.

Share price after this brief consolidation will resume it's upward trajectory and we will see more new highs as the year progresses.
Posted at 13/5/2024 11:04 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 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 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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