Share Name Share Symbol Market Type Share ISIN Share Description
Tracsis LSE:TRCS London Ordinary Share GB00B28HSF71 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 572.50p 560.00p 585.00p 572.50p 572.50p 572.50p 3,738 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 34.5 4.6 13.4 42.9 160.09

Tracsis Share Discussion Threads

Showing 751 to 775 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
09/11/2017
17:28
Here is my latest audio interview, recorded today, with CEO & CFO of Tracsis. I hope people find it interesting. The questions were crowd-sourced from my blog readers, plus some of my questions. It's independent - I didn't charge a fee, and have no shareholding in TRCS, no adverts, nothing! http://qualitysmallcaps.co.uk/ceo-or-fd-interviews/tracsis-trcs-ceocfo-interview-9-nov-2017/ Regards, Paul. P.S. Sorry about the bleeping in the background, something went funny with the audio software. But at least the main audio is tons better quality than in previous recordings - I got them to use handsets, not speakerphone.
paulypilot
08/11/2017
19:22
Tracsis is a great business and has rewarded Long-term shareholders with a ten-bagger in under ten years. The company manages to produce a decent level of profits and reward shareholders with a dividend, even though it yielded is less than 0.3%. The dividend well covered. The two major acquisitions made last year will continue to integrate into the main business. Despite, Tracsis numerous good traits, we need to look at some negative ones. These include: 1). Falling operating margins, as market valuation has pushed PER to 35 times earnings. Normally, Tracsis’s PER range around 12-16 times during 2011 to 2013, before the shares got “re-rated.” 2). Although it sees costs per employee falling, Tracsis wage “component” is becoming an important factor as it accounts for 55% of revenue in 2016 from 30% in 2012. Apart from the above, I feel shareholders and investors need to account for up to £9m in deferred payments if targets are met in 2018, a potential cash outflow and would halt the growth in their cash balance. At £156m, I see Tracsis’s shares trading sideways for the next 12 months until fundamentals catch up with valuation. For full analysis and charts click http://bit.ly/2hSPlXK If you enjoyed this post, there are other company coverage here hxxp://walbrockresearch.com/home/
walbrock82
08/11/2017
14:55
are they still chasing RMC in North America; looks as though negotiations are continuing?
mw8156
08/11/2017
09:06
Results look pretty solid. Surely that trade at 415 must be bogus as it hasn't traded at that level for months
davr0s
07/11/2017
09:59
Results due tomorrow, Paul Scott planning to interview the CEO and states: "So if you have any questions to put to John, then please email them on Weds to both me and John, using these email addresses: Me: QSCquestions@gmail.com CEO of Tracsis: J.McArthur@tracsis.com" Quoted from hTTps://www.stockopedia.com/columns/paul-scotts-uk-small-cap-value-report-1/
fredfishcake
13/10/2017
12:35
Yeah spread isn't great so it means I positioned it as a smaller sized purchase
davr0s
13/10/2017
11:21
Fine thanks,been a holder for years,good luck with the spread.......
samenic
13/10/2017
10:19
It's a standard breakout from consolidation (and I bought it about an hour ago)
davr0s
13/10/2017
09:47
Is something occurring,been sideways for along time,now suddenly??
samenic
14/8/2017
09:27
Don't forget blue sky upside from the US where they already have one contract
chasbas
14/8/2017
07:38
True, the cash makes it easier to sleep at night and reduces the ex-cash multiple. I guess my concern is that markets are looking toppy at the moment and there is a chance that if we do get some for of market correction, then Mr Market will decide that a 5%-7% growth company doesnt deserve this multiple. Think I'll keep it on the watch list for the moment.
adamb1978
14/8/2017
07:32
Yes there is £15m cash so the ex-cash multiple is 17x. I agree it looks pretty full with little eps growth.This year has been a trough year due to the contract cycle and reorganisation. Next year should see strong growth and acquisitions. I see 30% upside & little downside now
buffetteer
14/8/2017
07:06
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?
adamb1978
14/8/2017
06:55
Pleased to see that second half was much stronger than the first half. good chance that this will continue into the new financial year. Also cash generation was strong with a 30% cash increase even after some acquisition expense. Will look out for either further contract news or more positive statements.
interceptor2
14/8/2017
06:48
Surprisingly good trading update. Much better than i personally thought it might be. Might lead to a relief rally? Very happy to hold and see what the future brings here.
cfro
11/8/2017
08:05
The 2017 EPS estimate was cut by Investec at the HY stage. It was positioned as a precautionary cut with the company saying they could still make the old number with a particularly favourable outcome for 2H. The 1H results masked a marked deterioration in the "core" business (excluding SEP and On-trac). SEP and On-trac were purchased at seasonal low points in the prior year. Full year inclusion should have benefited 1H17 PBT by about £1m (from memory). The small rise in 1H PBT suggests that the "core" PBT went backwards by about £0.7m. Not sure what the right numbers are for the full year. Am hoping 1H poor performance was down to the occasional lumpiness seen in prior years where inclusion (or not) of franchise rail bids is a big factor in performance for the year because of software and associated consulting fees from advising bidders.
gsbmba99
11/8/2017
07:06
Sorry, and one other thing: regarding turnover growth, the figure which I see is £33.9m for FY17, which would be just 8% up on last year despite H1 being 20% up. Perhaps not a coincidence, the £33.9m figure would imply a H2 turnover identical to last year, so it coul djust be a lazy analyst. It would also mean that the H1/H2 split is 46/54, which goes against their comments that this year would be less balanced (assuming those comments are backed up by reality of course). ANy views on where the years' outturn might be? £37m-£38m would seem to be more inline with the seasonal balance referred to and a more similar level of growth. Thanks Adam
adamb1978
11/8/2017
06:45
Thanks Ottrott. Those are the figures I have - I would expect stocko's 'normalised' EPS figure to be an equivalent figure to the fully adjusted figure from the previous year ie that the 22.2p is on the same basis as the 22.37p (perhaps apart from basic vs diluted share count). It therefore looks like earnings growth this year will be very low, partly because of a low tax charge last year
adamb1978
10/8/2017
22:43
Stocko gives Normalised eps for 2017 as 22.2 which is what you refer to. For 2016 this number is given as 12.5. The headline number of 22.37 from the 2016 results which I think you are referring to is a fully adjusted number. If you look at the Income Statement the diluted eps is 12.26. The difference is explained in note 4: Earnings per share. Hope this helps.
ottrott
10/8/2017
19:11
Sorry, one other thing: market expectations for EPS for the year ending Jul-17 look like being 22.2p from what I can see. Does anyone have different figures from other sources? That figure looks odd as its marginally down on last year. Thanks Adam
adamb1978
10/8/2017
18:55
Is there any confirmed date for trading update? I've seen the last couple yeras have been the 12th and 22nd THanks
adamb1978
03/8/2017
13:31
£562k order just gone through @ 450p. That might release things a little.
martinthebrave
31/7/2017
08:50
A slow motion breakout over 435p on low volume so far. I had also wondered what the reaction would be if stronger volume levels were present?
interceptor2
27/7/2017
09:38
Well, it seems to want to go up on very little buying power.
cfro
26/7/2017
16:45
I did decide to buy a few here today after all. Just hope the next TS is at least 'inline'. Excellent risk/reward at these price levels imo.
cfro
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