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[turbotrader2] 18/8/2022 20:08

Can't ban us baby!!

[dancing piranha] 18/8/2022 20:04

More drivel,

Sorry, Nick can't ban me, I pay to have a voice....

Can't you afford the premium big shot? lol

[dancing piranha] 18/8/2022 18:27

11 more paragraphs of DRIVEL....

[smithie6] 17/8/2022 22:08

Bapodra

I think that you might be misleading yourself or other people, accidentally or on purpose (ramping).

Dear everyone, always try to look at the pros & the cons.
And the competition. (I don't think I have seen "any" of you do that, based on the posts !).

And be aware of the possible negative impact on a share price that a capital raise can have, or problems with debts.
Just look at lse:cine today. Down by >60% I think.

------

In 2022 I personally do not see the financial side of TRAC improving since there seems to be no big jump in turnover (& hence generation of cash) in 2022. In later years who knows what might happen. (but this co. has been doing cash raises ever since it floated & has never managed to make its turnover anything apart from insignificant imo for a listed co. with numerous costs to shoulder).

It's financial situation imo is still wobbly.

Can they get the annual turnover up & to stay up, in order to fix the financial numbers. Time will tell. But since it listed X years they haven't managed it. It is a tough works & a tough market, sure.
I hope they manage it. (But I'm not backing that with any money).

[nick2412] 17/8/2022 18:57

Thanks Bapodra, I agree with your thoughts, especially the point about the markets looking forward. It's always a sensible approach to get in before the herd but the only caveat with that approach is it's only sensible if a discounted funding is not on the cards. You covered that as you, quite sensibly, phase in your positions in tranches and I believe you also use charts and other indicators to assess what appear to be good entry levels.

[nick2412] 17/8/2022 18:21

Grateful if this thread is kept civil. Bapodra, please just filter anyone who you find tiresome.

Still on 'watch' for me as it could go either of two ways:-

1) Secure a contract with DHL with a substantive downpayment. Do a funding at a decent level to ensure they are no longer in breach of banking covenants, remove the convertible loans and provide working capital for to fulfil orders.

2) Get more distribution agreements with little immediate revenues and 'hoped for' decent revenues in late 2023 and 2024 (as stated) and do a funding at current levels which, almost inevitably will be heavily dilutive at the current 7m m/cap.

It's a bit of a chicken and egg situation as I doubt if a company like DHL is going to give TRAC a substantive order whilst it is still in breach of its banking covenants. So, my take is that TRAC needs to do a funding before material orders come in. Who knows I could be wrong but it's usually the way larger companies operate.

There is of course a third option of a takeover but, if the board can sort out these funding issues then they may be reluctant to relinquish at this stage if they genuinely believe the distributor agreement will deliver anything close to the minimum revenues stipulated.

I've felt that TRAC have hyped things up a bit too much and represented distributor agreements as contracts and inserted unrealistic colossal minimum figures for distributors to achieve in their announcements to excite retail shareholders and inflate the share price. They undoubtedly have a very good product though in what was previously called Lokies and they just need to make the most of first mover advantage. They have said themselves about six months ago that they have 12-18 months to do so.

It's an exciting play with the potential for significant upside but, in my view, only after they do a funding, sort out their working capital needs and the banking covenant breach.

All about risk/reward and my own view is that until they sort out their finances its currently more weighted towards risk. The imminent interims may change the risk/reward balance one way or another. If they are struggling with revenues, as I suspect they might be, they will need to put out half-decent contract news with early attached revenues to make the results more palatable.

One plus factor for Starcom/TRAC is that they have done exceptionally well with innovative product development on a very low budget. It's just that a game changing substantive order has always remained elusive over the years

[dancing piranha] 15/8/2022 16:48

Bap,

I made a simple comment that what you posted was not new news!

God only knows what the rest of the drivel you posted was all about? You are very sensitive LOL!!!

I am invested here, and probably long before you! Although I have sold several times and bought back in on the retrace... and I'm certainly not obsessed with you, or most of your totally pointless and amateur posts on here!! LOL!!

[sunshine today] 15/8/2022 14:25

As always the time to purchase is when others are not.

How about pre orders for new upgrade to be announced at some stage in the next few weeks ?

No guarantees but at a tiny £7M if successful could absolutely rocket

[sunshine today] 15/8/2022 12:07

One would think the new updated product will sell like hot cakes.

All that’s required is a manufacturing partner to produce tens of thousands per year.

Finance would not be an issue, if backed by solid orders.

It’s also extremely appealing to a multinational at 3 times todays market cap in my personal opinion.

It strikes me if DHL was over the moon with the earlier version they might now go the whole hog.

[dancing piranha] 14/8/2022 11:38

A month old, but at least they got a mention!