Tracsis Share Discussion Threads

[pj 1] 18/4/2012 09:01

Ah ok, don't want to ruin the run of good luck.....ssssshhhhhhhhhhh.....

[marlint111] 18/4/2012 08:50

PJ- Although no numbers given, the contract is described as 'significant' (which is presumably why they feel the need to give an RNS).

I've got great respect for how this company is run. They make consistent profits, grow consistently, under-promise and over deliver.

I also like how quiet the message boards are- always a good sign in my opinion!

[marlint111] 04/3/2012 17:45

APAD- I think most of the cash raised has been used in acquisitions (there certainly looks to be a healthy cash-flow shown on the accounts).

This might normally make me wary- but they seem to have a good record (the MPEC acquisition being the most obvious)

[share_shark] 04/3/2012 16:55

What a cracking company this is and what a recommendation it was by a tipster I subscribe to. Not techinvest but was one of their subscribers for many years too. GLA.

[welsheagle] 03/3/2012 19:25

From February's 'Company Refs', when price was 62p:-
a/ Prospective PE ratio of 12.8 (based on one broker forecast, WH Ireland, recommending as a 'buy').
b/ Growth in eps of 9.86%.
c/ Two Directors buying recently.
d/ Net asset value per share of 31.9p.
e/ Turnover up from £0.74m to £4.08m in last five years.
f/ Positive cash flow of 8.43p per share.
g/ Cash per share of 19.5p.

Some of these figures will probably be better, after latest newsflow,
and tipped by Techinvest

[apad] 02/3/2012 17:30

This is a post by the excellent geswan. Whadd'ya think?

Apad –Tracsis' revenue recognition policy is much better than IDOX's. But I think there are a couple of red flags to look out for from the last annual report..
Turnover has increased by 0.62m but debtors have increase by 0.93m. This must put a question mark over the quality of the earnings. They are also keen on generating cash from investors.
2008 Issued £1.6m of new stock
2009 Issued £0.18m of new stock
2011 Issued £1.95m of new stock
So you will need to keep your cheque book open. On the other hand, the price has done really well over the last year. Hope you got in at 50p?

apad

[goofball25] 02/3/2012 09:12

yh you would think that, but I assume there is a seller at 75p. Once they have cleared we should move upwards, what I was waiting to see before jumping in... but however, I bought in today due to some broker on CNBC recommending these. No effect yet.. one to tuck away for the med term minimum imo.

[apad] 02/3/2012 08:41

go....
there seems to be a steady stream of PI buys since the RNS but the price remains steady.
Do you understand why?
I would have thought a small cap would react automatically.
apad

[goofball25] 02/3/2012 08:37

Bought in here today after watching, growth potential compelling.

[marlint111] 29/2/2012 08:20

GrowthCompany:



Just one week after reporting it would smash market forecasts, resource optimisation specialist Tracsis (TRCS) has issued a highly impressive set of interims.

The AIM company is a leading provider of planning software to the rail industry, and has expanded significantly thanks to organic growth and four acquisitions. In the period to January, sales trebled to £3.7 million as pre-tax profits increased by a factor of nine to £1.1 million (2010: £127,000).

We recommended the shares at 57.75p in Growth Company Investor only in December, so the current price of 73.5p represents a decent re-rating. To add to the capital growth story, investors are to be rewarded with a 0.25p dividend, and this could be further stepped up at the year-end. House broker WH Ireland has been forced to boost its 2012 expectations, to a pre-tax profit of £1.6 million and EPS of 5.3p - this looks fairly conservative.

The cash balance of almost £6 million equates to 25p a share, but a £1 million deferred payment is soon to be paid for a recent acquisition. Tracsis has just picked up a £2.9 million contract with a major client and chief executive John McArthur remains hugely optimistic. He says 'our trading has been very strong, but we are still keen to acquire further businesses.' Even after the rise in the share price, Tracsis trades at a discount to peers which is unjustified given its current growth trajectory. Buy.

[apad] 28/2/2012 16:46

W...
I reckon the lumpy hardware a positive because it generates data for analysis and so broadens their value to customers.
Franchise is the risk, I agree.
apad

[wjccghcc] 28/2/2012 15:39

The main concern is actually that it's not really a software company. 80% revenues are from lumpy hardware and consultancy contracts and while the trend is positive, there may well be a downwards move in 2013 as the franchise tenders come to a close.

Still, they're certainly doing well at the moment.

[marlint111] 28/2/2012 15:23

I'm not too worried by the intangibles- it's not uncommon for a software company to have a large amount, which really represents the value of their IP.

[pj 1] 28/2/2012 15:17

Possible concerns ref Intangibles valuation is the only downside at present I can see. Hasn't stopped me topping up .........selftrade and Barclays couldnt deal!!!!

[marlint111] 28/2/2012 13:50

Yes APAD- its a trailing PER of 10.

Tracsis now hold £6million of cash, equivalent to an impressive 25p per share.

If we discount that from the market cap, gives trailing PER of 7.

[marlint111] 28/2/2012 10:21

I've also increased APAD - as I was surprised the share price hasn't reacted more strongly this morning.

On the international front, they have made sales in Scandanavia, and a pilot project in Australia- so some progress is clearly being made. As is signalled in the release though, they are treading a fine line between pushing international expansion without spending too much on it

[apad] 28/2/2012 08:09

Increased my holding on these results. Don't normally do this in post-results euphoria.
I'd like to see some news about foreign orders (see my earlier posts).
apad

[marlint111] 28/2/2012 07:17

Absolutely fantastic interims today.

Turnover £3.6 million, can't find HY forecasts, but FY forecast was for £5.5 million, so even assuming no growth between H1 and H2 that would be £2.75 million H1, so a 30%+ beat.

Pre tax profit of 1.1 million, FY forecast of £1.4million, again an impressive beat of over 50%.

Cash of £6 million.

Maiden interim dividend of 0.2 pence per share.

This must be about to rocket!

[marlint111] 03/2/2012 11:19

Recruiting:

[tech] 02/2/2012 21:19

Great little company with good steady prospects in the rail industry

[dr know] 02/2/2012 20:06

A 10% rise today to an all time high is worth a shout.

[callumross] 16/1/2012 16:29

Well, that's me in for an initial 4000 shares but what a job getting them. Couldn't transact online at all. My broker had to phone round and they tried to screw me for 60.5p initially.