Tracsis Share Discussion Threads

[grabster] 06/12/2024 11:27

"According to the BBC, the fault lies within the system at the national telecommunications hub in Doncaster. It failed to connect on start-up in the early hours of the morning. Using a customised fixed telecoms network alongside mobile technology, its processes include journey registration, operational messaging and prioritising driver-signaller communications. Those involved range from drivers and signallers to managers, controllers and maintenance staff." (The Standard)

[grabster] 06/12/2024 09:54

20 minutes ago:

"A railway journalist says he's not experienced an issue like in 40 years of working in the industry.

Speaking to Sky News, Nigel Harris says the communication system fault that has hit this morning is "very, very rare".

He suggests the fault could have come from a technical problem or even an attack on the network by hackers.

"We just don't know," he says.

[grabster] 06/12/2024 08:35

I don't imagine that this morning's nationwide chaos on the rail system has any direct connection with Tracsis. They may even be the hero in helping get round it. But sure to be a few nervous investors requiring confirmation of that.

"The BBC understands that the cause of a nationwide delay to train services across Britain lies within an on-board communication system known as the global system for mobile communications – railway (GSM-R).

The technology uses digital communications between trains and signallers to improve safety for passengers.

While it works in a similar way to mobile phones, the digital system is not reliant on commercial mobile phone operators. The rail network has its own contained phone and mast system.

One rail source told the BBC that "the system isn't connecting easily". There is a workaround that staff can use but it takes time.

We've also been told that once the system is operational "there are no problems", but investigations are underway in to why the GSMR network is experiencing problems."

[tomps2] 04/12/2024 09:42

Tracsis (TRCS) Full Year 2024 results presentation - November 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly present the group’s results for the year ended 31 July 2024, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[alibongo17] 26/11/2024 07:40

This is fantastic news this morning. Providing the back office to facilitate pay as you go across UK rail is massive.

[grabster] 21/11/2024 16:45

- same again today. Suits me.

[grabster] 20/11/2024 14:43

ticking down in repeated 5p increments since midday

[jolomo] 20/11/2024 13:07

Think about time the CEO moved on. Last 5 years performance is pitiful.

[tomps2] 20/11/2024 09:08

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly provide an overview of the group’s results for the year ended 31 July 2023.

Watch the video here:

Or listen to the podcast here:

[grabster] 20/11/2024 09:04

Financial Results (£'m)
2024
2023

Revenue
81.0
82.0
-1%

Adjusted EBITDA *
12.8
16.0
-20%

Adjusted EBITDA* %
15.7%
19.4%
-370bps

Cash
19.8
15.3

Adjusted diluted earnings per share *
25.1p
38.5p
-35%

--------------------------------

Statutory Results

Operating profit
1.0
7.3
-87%

Profit before tax
1.0
7.1
-86%

Basic earnings per share
1.6p
22.8p
-93%

Final dividend per share
1.3p
1.2p
+8%

Total dividend per share
2.4p
2.2p
+9%

[grabster] 20/11/2024 08:46

And lossmaking by Xmas?

[grabster] 20/11/2024 08:14

Leeds-based transport technology provider, Tracsis, says its performance has been “disappointing overall” as it publishes its audited final results for the year ended 31 July 2024.

The business recorded revenues of £81m (2023: £82m) and a pre tax profit of £1m (2023: £7.1m), along with adjusted EBITDA of £12.8m (2023: £16m). (TBDesk)

[adminck] 28/10/2024 17:57

I still stand by my expectations of a further collapse.

Labour government is clearly going all-in on rail re-nationalisation, and there will be considerable product consolidation in the market. One of the whole issues with rail is that each operator has been using their own systems, some good, some bad - but completely disjointed. I think Tracsis originally had a niche in that they were agile enough to compete with the big boys like Worldline, Fujitsu - but they never really managed to unseat them enough to solidify their position in the longer term. Nobody is going to be buying any new software or system for a couple of years whilst Great British Railways establishes itself, so whilst TRCS may retain some existing revenue, I don't rate their chances of generating new revenue at all.

GBR will then be Feast or famine - if TRCS is using this standstill period to actually innovate, build products that are the best around - then they may do very well when GBR start putting tenders out. If they're simply pulling up the drawbridge, slashing costs and staff, and their development work and innovation is slow or non existent - they'll eventually go pop when they don't win anything on a grand scale.

If you keep an eye on the GB Railways Transition Team vacancies, they also seem to have been building their own technical resources and experts - there's a vacancy online now for Delay Repay experts, one of TRCS main offerings. I have a feeling that in some areas, GBR will want to build and manage their own software and services, cutting out third party suppliers and their inflated costs that the privatised rail industry has generally just accepted.

[its the oxman] 28/10/2024 16:58

What's up , or rather down here, 480p bid

[wjccghcc] 26/9/2024 21:14

I'd guess it's to do with AIM IHT removal concerns. They're one of the larger AIM companies and probably in many IHT portfolios.

[its the oxman] 26/9/2024 20:26

Ideas anyone , 560p offered at todays close.

[its the oxman] 26/9/2024 08:33

Why the new sell off?

[tomps2] 04/9/2024 07:38

Tracsis (TRCS) Full Year results webinar

Friday, 22 November, 1:00pm

Tracsis CEO, Chris Barnes and CFO, Andy Kelly will present the group’s results for the year ended 31 July 2024, followed by a Q&A Session.

To attend, register here: bit.ly/TRCS_FY24_results_webinar

[gopher] 02/9/2024 16:22

Probably about right until they stop shaving estimates

[nchanning] 29/8/2024 07:16

The downgrades are in for Fy25 and they are very modest , now 86m revenue and 38.5 EPS . With 20m of net cash in the bank , this is cheap if you believe the new numbers

[74tom] 29/8/2024 07:08

"These look finished to me."

Have to say that making such an assessment via research on Linkedin in the quite the leap.

All you've seen is the below;

"As part of the operating model transformation, the Group has re-focused its product and services portfolio on fast-growing, higher margin activities. As a result, the Group will no longer pursue new contracts for certain non software-related activities which are not aligned with these objectives. These activities are principally within its Transport Consultancy business in the UK and within part of its Rail Technology North America portfolio. Whilst this will see a short-term reduction of c.£5m in revenue and a reduction in associated EBITDA, we are confident this will enable the Group to deliver on its strategy of focusing on higher growth, higher margin application software activities."


Now, quite where that leaves them vs current FY25 forecasts for £90m revenue is a fair point, as they seemingly need to find incremental growth of £15m. I suspect they will make an acquisition to plug the gap but I could be wrong.

Not a buyer at present until we see how the 2025 numbers play out, but to say they are finished suggests you have an axe to grind...

[wjccghcc] 21/8/2024 11:12

Thanks adminck.

[adminck] 20/8/2024 11:41

Find Tracsis Rail Operations as a Company on LinkedIn, then view the people tab - to get people working there, most profiles are open. Further down the list you get people who have previously worked there, click on them and see where they went.

Clicking on current staff almost always leads LinkedIn to suggest their colleagues, including people who have left.

If you have Premium, you can also see the recruitment trends, new hires etc.

[wjccghcc] 20/8/2024 07:34

How do you get that kind of information from linkedin?