Tracsis Share Discussion Threads

[adminck] 19/8/2024 23:10

These look finished to me. Check out LinkedIn - they've lost virtually ALL of their consultant team to competitors or even to the transport operators. Other staff who seem to have software or other SME experience have long gone.
I monitor recruitment and retention of companies like this when selecting investment options, and this is off the charts. More concerning is that this seems to be deliberate, under the guise of some sort of major restructure, when it actually involves the effective dissolution of whole business units and elimination of their most valuable and experienced staff. Some of this will be a snowballing effect from probable redundancies, staff jumping a sinking ship - but from a good poke around on LinkedIn they have a fairly small and comparatively inexperienced HR department that probably just executes the orders from above.

A far cry from how it once was under John McArthur, used to be genuinely exciting to hear about their M&A activity, with real trailblazing products.

[its the oxman] 15/8/2024 14:09

Still falling and looking for a floor. Some positive news would help.

[gopher] 29/7/2024 09:35

RR likely to cancel projects in the rail sector is the only reason I can see for latest fall, the share price is starting to discount some kind of expectations miss.

[nchanning] 18/7/2024 12:18

Timing of general election perfectly reasonable excuse for some contract delays . Nobody other than a few insightful Tories knew it was going to happen as early as July . The next few months and years are very difficult to figure out under Labour government . They are clearly intending to accelerate some things , like delay repay , but the handover to public ownership might delay other changes at train operators . The regulator may still be pressing them to upgrade services and infrastructure or face early contract removal .Whether the public operators will then move more quickly to invest is also hard to say .

[adminck] 14/6/2024 08:40

I have some serious concerns about this company - have been following for a while, but what they are saying in their previous updates has proven to be extremely unreliable. Orders they claim to have on their books simply not materialising in the latest update, and the blame on a general election/ change in UK transport policy - not exactly unknown events. As for North America, what's to blame there? Over optimism and a sector that is hardly keen to open to new entrants, Tracsis is small fry here - absolutely nothing positive to report there, they've been active for 1-2 years there now, still nothing?! Really?

Their business staffing restructure has been extremely dishonest in how it has been portrayed to us during webinars etc - all you have to do is take a look on LinkedIn and you can see that virtually ALL of their consultants have been axed, including some that seem fairly business critical. Anyone that seems to have specific industry knowledge has also been axed, the remaining and substantially smaller workforce seems relatively junior with not much experience in transport, at least in comparison to a year ago. This isn't just "right sizing" - it looks like complete closure / winding down of their consultancy arm, which is bizarre considering a government owned rail sector will no doubt have a huge part for consultants.

Also - without the consultants - who is there, recommending Tracsis software upsells?

[tomps2] 03/5/2024 14:48

Tracsis (TRCS) Interim results presentation - April 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly present interim results for the six months ended 31 January 2024.

Video:

Podcast:

[tomps2] 24/4/2024 07:29

Tracsis (TRCS) Half Year 2023 results overview - April 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly provide an overview of their results for the six months ended 31 January 2023.

Watch the video here:

Or listen to the podcast here:

[nchanning] 07/3/2024 10:37

Barnesy your annual reminder that Tracsis is a rock solid cash generative quality business that can easily bear £20 million in debt if you see the right acquisition

[tomps2] 28/2/2024 17:04

Tracsis (TRCS) Interim results webinar

Friday, 26 April, 1:00pm

Tracsis CEO, Chris Barnes and CFO, Andy Kelly will host an online investor presentation of their interim results followed by Q&A.

Register here: bit.ly/TRCS_H124_webinar

[gopher] 22/2/2024 11:55

Difficult to see the shares going anywhere on these results and all will be OK if H2 2024 goes to plan providing they can be optimistic re 2025: The company has a history of delivering on expectations. The transition to SAAS is not financially positive short term but 100% the way to go and some allowance must be made.

[lomax99] 01/1/2024 10:48

In the Telegraph as one of their tips for 2024:Smaller companies are supposed to be where bigger returns can be found, but since 2007, the junior AIM market has lost 34pc of its value. If you look more closely, however, there are some gems to be found. Tracsis is one of them.Over the 16 years since its flotation, shares in Tracsis have risen more than 2,000pc. The software and data analytics company sticks to its niche strategy of helping transport operators and infrastructure bodies such as Transport for London and Network Rail. In the UK and US, its systems have become the standard for managing contactless payments at ticket barriers.It has become experienced in growth through takeovers, making 17 acquisitions to date. Yet its accounts last year reported it had no debt. It added 19pc in revenue, or 10pc organically, reaching £82m, and delivered a profit before tax of £7.1m. A healthy business with an eye for a deal: what more could you want?

[strollingmolby] 28/11/2023 10:11

TRCS did state this in the Results in relation to headcount reduction:

6. Transformation of the Group operating model

Transforming how we operate: Having completed the new organisational structure during FY23, in the first quarter of FY24 we have started a programme of actions to now transform the Group's operating model. The catalyst for these activities is the lessons learned from the three large SaaS deployments implemented since July 2022 and the need to establish a groupwide approach to how we develop and deliver enterprise software solutions based around industry best practice. The actions we are taking include: headcount reductions where roles are duplicated or are no longer required; streamlining our legacy entity and operating footprint; implementing a single groupwide IT support service; and upgrading systems to deliver improved management information. We expect these actions to be substantially completed during the FY24 financial year.

These changes will improve the timeliness, quality and repeatability of delivery, which will enable the Group to accelerate its future revenue and margin growth trajectory.

Anticipated transformation costs: We expect to incur c.£2m of non-repeat costs in FY24 in order to deliver this transformation, primarily in cash. These will be reported as exceptional costs so the underlying year on year trading performance of the Group can be more clearly understood. These costs will be weighted towards the first half of the year.

[nchanning] 28/11/2023 09:35

Honestly it make sense , if you're going to turn 10 independent business units into a single business you have lots of duplication in roles , perhaps even in software development . There are usually cost savings in not needing 10 different finance departments etc , but there is a trade off in a loss of entrepreneurial culture and slower corporate decision making .

[adminck] 24/11/2023 17:09

Something seems amiss here. In their podcast, The CFO throws in a line that they expect to incur £2m of one-off costs in the first half of 2024, yet they also say that they have already settled all obligations from previous acquisitions.

I am aware from other sources that Tracsis has been making a number of layoffs, including bizarrely, hard to come by software developers and engineers within their rail division. I think their use of the term "reorganisation" and "restructuring" is doing a lot of heavy lifting and disguising some fairly serious changes.

[tomps2] 24/11/2023 08:58

Tracsis (TRCS) Full Year results presentation - November 23

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly present results for the year ended 31 July 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[tomps2] 15/11/2023 09:12

Tracsis (TRCS) Full Year 2023 Results overview - November 23

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

Watch the video here:

Or listen to the podcast here:

[tomps2] 14/11/2023 09:36

Tracsis (TRCS) FY23 results webinar

Friday, 17 November, 1:00pm

Chris Barnes, CEO & Andy Kelly, CFO will present FY23 results followed by Q&A.

Register here: bit.ly/TRCS_FY_webinar

[elrico] 12/11/2023 20:19

NEW FEATURE: #TRCS ? Discover the potential with Tracsis plc! A leader in transport software, offering robust income & growth opportunities.? High-margin rail tech & diverse analytics services drive our success. ? Global reach, strategic acquisitions & a strong client base fuel our growth. #Investing #Tracsis #GrowthStocks tinyurl.com/2k6tb9yk

[nchanning] 20/10/2023 08:45

Barnesy , now is a good time to use your excellent balance sheet a little more aggressively . This is a very high quality business that could easily bear £20 million in debt . If you see an attractively priced large acquisition then go for it son

[mngf] 30/8/2023 06:04

Appears these have been in a rage of 8-10 which has now been broken on the downside

[gopher] 23/8/2023 10:38

This looks a solid trading update but the shares have been weak and have fallen again today. They are near 1 year lows does anyone have a view on what's happening?

[strollingmolby] 15/5/2023 08:30

The Midas piece only mentioned 'Great British Railways' in the conclusion, without any other mention, rather strangely...

This is the website for the government's development of a 30-year strategy to determine how best the railways can support Britain in the future, becoming a landmark resource, enabling a clear and agreed direction for the railway.

https ://gbrtt. co. uk/ (ADVFN won't let me post it for some reason so just remove the gaps...)

It is good to see that TRCS is inputting to the strategy being devised by GBR; this section was included in the last Annual Report:

"The industry's transition to a new Great British Railways structure, which
aims to create a data-driven, customer-focused, safety-critical future for the
industry, is ongoing, and we have been asked at senior client level to
formally input our ideas into how the UK can achieve this vision. This
demonstrates the value the industry attaches to Tracsis' expertise and range
of rail technology products, which offer a compelling and, in some cases,
unique value proposition. Digital transformation will play a significant role
in the rail industry's transition and our range of products and services is
well placed to help the industry deliver operational performance improvements
and efficiency savings."

[srpactive] 15/5/2023 07:28

S

Yes as I have said I am very interested in this sector and have been
for years.

Tracsis will do well.

dyor

active

[strollingmolby] 14/5/2023 21:44

This piece in the Mail on Sunday might see a little buying interest here on Monday...



This is the summary - "MIDAS VERDICT: The Great British Railways is a grand plan to oversee rail transport in the UK, helping to modernise services to the benefit of passengers, business customers and the taxpayer. Digital technology will play a key role. Tracsis is a pioneer in the field and the shares, at £9.80, have further to go. Just the ticket for existing and new investors."

[srpactive] 14/5/2023 19:41

Hi all I do not hold here but have been very interested in this
part of the industry especially the efficiency and safety as I
have held crdl ex maestrano for years.

I will follow here as it looks a like a company that will benefit
further once the rail industry advances.

active