Tracsis Dividends - TRCS

Tracsis Dividends - TRCS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Tracsis Plc TRCS London Ordinary Share GB00B28HSF71 ORD 0.4P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-2.00 -0.3% 673.00 673.00 675.00 675.00 675.00 15:38:22
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Industry Sector

Tracsis TRCS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

adamb1978: The TU confirms that H2 Fy17 showed zero growth year on year and that turnover growth was c.8% for the year. Looks like EBITDA and PBT will be ahead by similar amounts and EPS probably in/around 22p. I've had this on my watch-list for a while however it now feels like this is a say 5%-7% growth company, but which you're being asked to pay 20x for. That doesnt feel too compelling to me - certainly these doesnt seem to be any upside in terms of multiple appreciation, so share price growth needs to come from earnings growth. Am I missing anything?
interceptor2: hTTps:// Surprised that there is no comment about the significant contract win this morning. I have long admired this company but have never held here before, that has been addressed this morning. Must continue my research on TRCS.
martinthebrave: John McArthur answer to Paul Scott re: Australian disposal below. Seems to answer the critics pretty well imo: Tracsis (LON:TRCS) Share price: 497p (down 2.0% today) No. shares: 27.2m Market cap: £135.2m Disposal of non-core business - this announcement came out yesterday, and I pondered why Tracsis had decided to dispose of an Australian subsidiary which generated £0.25m in profit, for only £0.5m sales proceeds, most of which is deferred. I try to build good relationships with the CEOs of quality companies, so dropped John McArthur an email querying the logic for this disposal, which on the face of it doesn't appear to be a good deal. He replied in detail, and has given me permission to reproduce his email below, which explains the rationale for the disposal; Hi Paul As you know we are duty bound to insert into the RNS last year's financial numbers of the disposed entity but this does not paint the whole picture. To put some more meat on the bones: We originally came to own this business when we bought Sky High plc but it has always been deemed to carry significant risk by the Tracsis board given it is 10,000 miles away, dependent on a few individuals, has heavy WIP and slow paying debtors. Profitability has been very variable over recent years: - It has made a loss or broken even as often as it made a profit. If you took an average profit over the past few years then the multiple changes greatly - Also, Australian corporation tax at 30% needs factoring in. We perhaps should have quoted PAT numbers! - It’s true it made a profit last year but in years gone past it has been breakeven or loss making and had to be supported by the UK business. - We’ve never actually taken cash out of Australia which tells you a lot about the quality of profits and cash generation. This always spooked me being frank. When we offered the MD the chance to buy it from us he was happy to do so provided the price was right. We considered a lot of different deal structures and consulted external advisors in the UK and Australia. The structure we have arrived at is the best we feel we could have got - it guarantees a modest return over the next few years whilst eliminating all execution risk and management distraction. Obviously some shareholders will always think the value should/could have been higher but they will be unaware of the underlying trading wobbles and uncertainty in the past. Given I'm a big shareholder I'm very happy with the deal and as you know we're certainly not in business of giving away value! Had the price not been right we always had the option of keeping it on as a going concern. Hope this helps but a very valid question as couple of our institutions asked the same thing. Feel free to share the above with your readers. - See more at: hxxp://
apad: We have the same dilemma I think stewy. I nearly top-sliced on the results, but the interview stopped me. The company is cash rich, doesn't pay a decent divvy and maintains the share price by posing as grow by acquisition company. Hence PERs of 20 plus. The acquisitions seem to be carefully chosen but they dilute the jewel in the crown condition monitoring business. It also works with a US company on a "long-term" project of getting its monitoring systems into conservative railways, and it is coy about the details. I have known US companies enter into this type of arrangement and rip-off the UK company. The original software was written by the ousted chinese guy. One wonders how good it is and how it has been developed since - however, its real selling point is the data monitoring kit. So, it is a package: generate the data and process it. If the US project works it will be a pure gold seal of approval. If TRCS is locked into the UK then it will lose its growth status because it is in a limited market with limited opportunities and start to run down the cash pile. However, this could be a drawn-out process and as long as they keep promising yankee gold they could maintain their growth status. There are currently 6 vacancies including 3 consultants, 1 software and 1 project manager. The share price tends to perk up on news and results, then drift away off the radar. It's only a tiddler. Sorry to reprise, but I find it useful to create a precis. apad
martinthebrave: Around 15000 shares bought in the past 24 hours and no sells. The share price hasn't budged!! Finals on the 4th Nov. The share price normally begins to rise the week before. We already know that they will be ahead of forecast.
mw8156: see the telegraph has it down for its 'disruptive' technology but then doesn't mention it further; presumably it means the MPEC division which must win in N America to enhance the share price,me thinks. Is it working for Union Pacific or Burlington or does anyone know which network is trialling the technology?
buffetteer: I don't agree that the company is high risk only the inflated share price . Personally I want to see the company evolve over the next few years . A five bagger so far if it can continue to grow at 15-20% per annum for next few years 430p will seem like a distant memory !
08:46 Share price up 88% this year so far. More than doubled in the past 12 months.
stewy_18: Never really sure with TRCS. Some unaccounted for drops. The share price was well ahead of itself even if you take into account the record profits this year. My guess (and it is only a guess) is that the pilot in the US was not successful. It is always hard to say as they never announce the outcome of the pilots (if unsuccessful). This is becoming a bit of a worry for me. I am 100% convinced that remote monitoring of rail tracks will become the default within the next 5-10 years. So why no sucessful overseas pilots? Last time I contacted TRCS they told me they have numerous pilots underway. The two I know of are the Scandanavian pilot and the US pilot. No news on both. However in the interims they said Trading in RCM [remote condition monitoring] remains very strong outside of the Framework Agreement So regardless of whether pilots are successful, MPEC seems to be gaining traction elsewhere. This for me is the main thing that will drive the shareprice in the future and it is why you now have to pay a premium for the shares right now. Any announcement of a successful pilot will transform profits IMO. Long term buy and hold for me. I await more news with interest. Best Stuart
08:47 Share price now up sevenfold in 3 years.
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