T42 Iot Tracking Solutions Share Discussion Threads

[flashheart] 07/1/2022 09:31

Yes, thanks Nick. I would agree with your analysis. Also a nice healthy pull back with selling apparently subsided. Looking like buyers starting to dip in again. Are you one of them yet Bap?

[nick2412] 07/1/2022 09:28

The market valuation is in 'show me' mode at the moment. Any sign that even lower-end figures of the projected revenues are lgoing to be achieved then, with apologies for the play on the tickers, t42 is on trac to be the star performer of 2022.

A DHL contract will have the same impact as any positive market trading update. It's a bit too early for the latter but I think patient holders will reap further rewards here.

[nick2412] 07/1/2022 09:10

Some good insight/clarification from Foxhill on lse regarding the latest rns after communicating with t42:-

"‘Brief exchange with BoD today yielded little new as you’d expect. But emphasis on satisfying themselves that OpenBox were the right partner in the US else exclusivity wouldn’t have been on the table, significant forward down payments will feature and as such no concrete plans for further funding. I get the impression that updates will confirm initial deliveries/developments until these normalise.

I’m content to hold, ‘look forward to the next TU/RNS. Might not be long?"

[maverickps123] 06/1/2022 16:38

Looks like heading to gap at 18.60... doesn't boade well... think they need to raise for global expansion!

[newbietrader2000] 06/1/2022 16:28

Sub 20 tomorrow

[dave4545] 06/1/2022 12:56

Not bad.

I made that about 33 seconds !

[nick2412] 06/1/2022 12:53

Solid buying on a poor day for the markets as investors await the next deal. It won't take much additional revenue for t42 to move into profitability this year. Good luck to those that trade but the spread isn't ideal and I suspect most will want back sooner rather than later. The last couple of rns's have come midday which doesn't help the traders either.

[newbietrader2000] 06/1/2022 09:42

More dilution and loan notes then heyThe jam revenues are just jamNo wonder the share price is struggling

[smithie6] 06/1/2022 09:26

with respect to the RSI & charting poster

you can forget 90% of that stuff imo

The price has multiplied by ~3, & even had a sharp down dip during that process. And there has been a lot of new shares issued recently at much lower prices.
And the price has been moved because of 4 RNSs in last ~8 weeks.
Charting theory can not predict what will happen, apart from identifying the risk of a pullback but that is common sense rather than charting imo.
(& I note that charting theory did not predict the rise from <8p to ~26p)

[nick2412] 06/1/2022 09:11

Someone asked on lse if Lockies (now, interestingly, renamed 'Smart Lock') meets "ISO17712 certified (I, S or H classification) have an international standard rating of IP68".

It does and all of t42's products have all the global standards.

From Uri Hartman's linked-in talking about the Company's software and hardware products: " the only system in the world to include all the certifications for all the leading and important standards in the world."

It might be wishful thinking, but I wonder if they have renamed Lockies 'Smart Lock' because it is quite generic and therefore a suitable non branded name for integration with larger companies (such as DHL) offerings.

[smithie6] 05/1/2022 16:46

A reasonable approach as well. Each to own view. (that you sold half is interesting, if a lot of people do that then a lot of new buyers are needed....; after quickly rising x3, a pullback/fallback of some sort is a risk).

[flashheart] 05/1/2022 16:39

This is a completely different animal going forward Smithie. I've sold half now since the new year but definitely keeping the rest for the ride.

[smithie6] 05/1/2022 16:27

amrish
"you have to agree that the levels before and today are different"

I don't agree.
They have announced partnerships before, that effectively came to nothing wrt the company turnover & PBT.
Will either of these 2 distributor agreements be any different ?

The massive increase in container shipping costs happened many months ago imo, it hasn't just happened, yet there has not been a boom in sales from TRAC.

(without the cash raise in December, just before the year end, the company accounts to end of December could perhaps/definitely have not been issued/signed off due to being unable to obtain a going concern statement from the auditor, which would have meant suspension I guess. (since the co. had peaked out its loans & then borrowed from directors & directors were taking shares instead of pay, the cupboard was empty...& the co. was loss making)

----

What is a fair price for the shares ?
Good question.
Will they get big sales that can support all the costs (bod costs, listing costs, pay back bank debt, R&D, marketing staff,...) ?
At the moment sales are ~£4-4.5million/year with a cap. value of £13 million. Loss making. History of always being loss making & no growth in turnover & repeated cash raises. Cap. value is already 3 times sales, already includes quite a lot for hope imo.

That 1 non-exec. director recently departed was also a negative for me.

At 6-8p or 0.8p-1p before consolidation it had a good risk/reward, & it produced, at 24p now it has risen a lot (~ x3), but since the 2 'contracts' were not sales contracts & were/are just distribution agreements I think that x3 just for distribution agreements without orders, is too much; for me the risk/reward at 24p on current news is not attractive.

Each person has their own views of course.

[amrishbhim] 05/1/2022 15:49

So I hope that you made some money since yesterday and hope you will give more constructive views than deramp, I'm glad there no ramping on this shares

[amrishbhim] 05/1/2022 15:47

Very happy for you and agree past was a disaster, but if you projected these two last rns and the past rns, the understanding is different but you have to agree that the levels before and today are different

[dave4545] 05/1/2022 15:35

I was just thinking man that smithie was all bullish the other day and now suddenly he's all negative I wonder if he's sold out but at least you admitted it.

[smithie6] 05/1/2022 15:22

well, as a ramp that is quite high quality. completely false but quite cleverly written.

(SAAS
first versions of these products were initially designed in 2009-10
& in ~11 years have achieved close to ZERO sales & ZERO SAAS !

The trumpetted partnership with Cubemonk, it didn't deliver.
The trumpetted partnership with WIMC, it didn't deliver.
Sales to Russian partner, didn't deliver/happen.

You see the pattern ?
Will this time be any different ?

----
btw
(monitoring units of thermal road containers in USA, reefers, apparently 1 co. has 80% of the market, difficult to beat them I guess; TRAC is not the only co. out there as some perhaps hope/think)
----

names of any of the new distribution partners ? (who placed orders for ...£0 !)

not given.

---

orders placed by these new partners, it appears to be ....0 !

----

big shipping companies include
Maersk, Hapag-Lloyd, MSC,

units bought in last 11 years since initial designs created ?

0 !!

---

TRAC did not win orders in these 2 recent 'contracts', which were not contracts, just distribution agreements !!

and arguably these distribution agreements should NOT have been issued as RNSs since they appear "not" to be material news since the value of orders placed was/is...£0. !

----

yes, I've sold !

[sunshine today] 05/1/2022 14:42

At £13.5M market cap, it’s a straight bet if you think this company will deliver or not.

If they do, then £10,000 invested should see you not having to work, in five to ten years time.

If they don’t your maximum loss will be £10,000.

The chances are, the order flow will continue, in which case your investment gets a little safer on each announcement.

The dream would be SAAS recurring revenues growing at 200% a year on a Super growth PE of 50.

In which case, each £1M of post tax profit, gets valued at £50M on the companies market cap.

Amazing as it seems, shares can occasionally produce that kind of performance.

[smithie6] 05/1/2022 14:27

negatives ?

there are a lot. (such as the poor past history, losses & repeated cash raises) but have to evaluate with the positives

the RNSs not giving any value of actual sales is a negatives. I would have expected that the value of a first order would/should have been included in the RNS, but wasn't.

and they have appointed distributors before but the hoped for sales didn't arrive

time will tell

----

one negative is that people who got shares at 10p-12p will be tempted imo to sell some at 24-26p and book a quick profit (if they sell half they can let the other half run & have £0 at risk), if so it might weigh on the market, we will see.

[givmesunshine] 05/1/2022 10:45

Hi All

Intersting story - BOD appear quite reputable in thier action, and look like they have put money into this at fair amount / risk reward. Mkt CAp is tiny compared to the numbers, therefore i suppose its a question of faith.. they dont appear to be rampy.. and have pretty much delivered on thier plans so far ..

what the negatives here ?

Cheers