Tracsis Share Discussion Threads

[w1lbur01] 13/11/2020 11:05

Looks left behind recent rally in for a few before results

[74tom] 11/11/2020 18:28

Very positive to see Charles Stanley with an initial notification - should see this easily back above £6 by results day...

[fuji99] 10/11/2020 16:13

Thanks bunz3 - I thought it was the time to buy this gem before the results on the 26th. My view is that it will fly if it flags up any positive particularly on deploying its unique technology in the US and also Europe.
Regarding NCYT, I agree it has taken the lead in testing. For the vaccine euphoria, regardless if they say it has side effects or not, or if it can reach billions quickly or not, it will take a considerable time for the supply chain to helping it work its way through to countries and continents; plus the volumes. Then once the press say there is a possible hurdle, Covid stocks will fly. I cannot feel 100% confident a vaccine can be successfully developed in less than 18 months. At the moment everything is holding on sentiments including the vaccine.

[bunz3] 10/11/2020 16:01

fuji99 ,great post on trcs you just posted on ncyt share board ,

will look in later ,buyers loading up at ncyt after yesterdays large drop with share price

[simon gordon] 10/11/2020 14:22

Driving Ambition Interview with Tracsis CEO, Chris Barnes - 7/10/20:

[fuji99] 10/11/2020 09:24

Just realised they are starting the US market.

[fuji99] 06/11/2020 08:17

Are they planning to expand abroad ? This could be one of the huge future potential.

[grahamburn] 04/11/2020 14:17

The results on 26 November may well reverse the trend.

[chasbas] 04/11/2020 09:26

At 510p the share price is very weak...surprising? I suppose the lock down doesn't help

[nchanning] 24/9/2020 09:05

I am very grateful for the fantastic leadership at Tracsis that has grown revenues and generated bucketloads of cash for many years without any need for external financing . My only complaint is how conservatively the balance sheet continues to be used . The Covid crisis has proven how resilient the business is to economic conditions (even with specific issues caused to the business by the pandemic) . There is no need for such a large net cash position . Even if it means paying slightly more for some acquisitions, Running at least a 1 times net debt to Ebitda ratio would dramatically improve returns on shareholder equity . I can only reiterate what a superb job management have done in every other regard . Please just use this lazy balance sheet and this will be the perfect AIM growth company

[rambutan2] 07/12/2019 15:05

Came across this, a bit out of date as from May, but thought it might be of interest:

[its the oxman] 14/11/2019 21:58

Good results today , could climb higher.

[stewy_18] 21/8/2019 12:35

Whatever happened to MPEC (remote condtion monitoring) in the states? Anything going on there?

[xajorkith] 20/8/2019 06:57

So, in summary:

FY Adjusted EBIT of 9.6m
Excellent cash generation with 24m net cash, despite paying 9m for acquisitions
Second half performance particularly pleasing
Pipeline of prospects as strong as ever

Seems far too cheap at 170m mkt cap.

EDIT: good write up from Paul Scott on Stockopedia's SCVR, with an updated FY 07/20 eps forecast of 32.1p - putting it on an ex-cash PE of 16.7 (at 620p).

[xajorkith] 14/8/2019 11:09

Cheap & getting cheaper it seems.

On tiny volumes at least, so hopefully next week's TU can restore confidence & get this moving back north.

Low liquidity can work both ways.

[nchanning] 13/8/2019 13:49

Amortisation of acquired intangibles , expensing R & D immediately , and virtually zero capex are helpfully obscuring what a wonderful cash machine this business is . And when the business has a great record of using that cash to make niche acquisitions at wonderful prices we have a lollapaloooza here !

[xajorkith] 13/8/2019 10:50

Indeed NChanning, with a trading update expected in the next week based on previous years.

Seems very good value given their consistent quality.

[nchanning] 13/8/2019 08:30

With the effect of the new acquisitions being felt in H2 expecting 10m + FCF this year . Great opportunity to pick up a sleepy summer bargain at 150m enterprise value for one of AIM's most reliable quality performers

[edwardt] 22/7/2019 12:55

with the advent of the european 4t railway package which opens up domestic rail passenger services within all EU states - any chance tracsis could suddenly have a new market? i am ignorant to if this could apply to them but reading on the subject led me to pose the question!

[xajorkith] 10/4/2019 08:12

Pretty much as expected after the March trading update, with the full benefit of recent acquisitions & large, five year framework agreement coming through in H2 & beyond.

Clear quality here & a strong LTBH for me.

[xajorkith] 14/2/2019 10:51

Have bought in here recently - comment on the other thread as it has charts.

[xajorkith] 14/2/2019 10:49

Commenting on this thread due the charts in the header.

Have been buying here recently, albeit not too heavy given general market nervousness.

Ticks all the right boxes for me:

Excellent free cash flow, large & rising net cash position, consistently strong operating margins / ROCE & steadily upgraded eps forecasts.

Didn't want to chase it higher but felt the recent pull back was a good opportunity to take a position for the longer term.