T42 Iot Tracking Solutions Share Discussion Threads

[gilou9] 07/11/2022 14:44

I don't think it will take much volume to move the share price up sharply from this oversold position.

[gilou9] 07/11/2022 14:43

We have some more buying today, but nothing significant as yet.

[gilou9] 04/11/2022 10:43

Couple of small buys to start the day but what we really want to see is the them seal another contract or better still a number of contracts. Better still a significant sale with DHL which was full of expectations earlier in the year.

[gilou9] 03/11/2022 16:58

The Chairman's statement and outlook with Septembers results did give some indications that they are doing better and with possibilities greater than the share price might suggest.

News of some serious orders from DHL would attract interest here again.

[gilou9] 03/11/2022 16:46

I would have thought that is a fair expectation DP.

[dancing piranha] 03/11/2022 16:37

The silence this whole year is deafening, unfortunately!!

Clearly, no one is clambering for their technology it seems, but any morsel of a half reasonable contract would see the share price double/treble from here!

A pure punt...

[gilou9] 03/11/2022 16:24

From 7p up to the highs of January/February of this year would be a very good profit.

[gilou9] 03/11/2022 16:21

Seems like there are some others thinking the same Dancing P !

Late interest following a quiet day here.

[dancing piranha] 21/10/2022 15:54

Worth a punt at this level, yep!?

[shoesize19] 20/10/2022 12:57

If anyone knows who Babycheeky is , please let me know I will be extremely gratefull for more than you realise.

[dancing piranha] 18/10/2022 16:24

Never made a profit, but will, hopefully, one day!!.....Or not?

[madmonkflin] 10/10/2022 15:43

It won't be long before more orders come in, will bounce to 30p easily on DHL decent order.

[blackhorse23] 05/10/2022 20:48

Bankrupt company in financially

[smithie6] 26/9/2022 12:42

This listed at 180p (with subsequent share consolidation) in Feb 2013

Is that correct ?

Now 9.4p.

About 5% of the listing price.
An investment of £10k at 180p in 2013 would now be worth just £500 !!

[smithie6] 26/9/2022 12:37

Another problem is that big companies are often very tough when they look at buying new technology.

They will often/usually get suppliers to compete, product technical perf, monthly hire cost & on initial price & on integration cost.

If they have 2 similar offers they may say "we will give you the contract if you do the integration for free"

And/or
"We will give you the contract if you make the following changes to the product & to the software, at no cost to us. And in the first year we will only buy X amount & phps 5X in year 2, but as an option"

& even when they buy something they probably don't pay for 3-6 months.

[dancing piranha] 20/9/2022 16:23

24th Jan 22...

"Following a successful pilot programme that ran over multiple global destinations, DHL has confirmed an initial commercial order for t42 Tracking Lock units (previously known as Lokies) for use in Singapore. The Company expects the initial order for 32 units to be followed by further orders by DHL".

9 months later, and ............................... (they've gone elsewhere maybe???)

[nig1954] 14/9/2022 19:44

I’m not in disagreement with anything that has been posted in connection with the cash flow position but if there was still an issue with the banking covenants then I would have expected to have seen that reported in the Notes to the Accounts. The absence of any such comment leaves me to believe that particular issue has now been resolved.
I wasn’t expecting to see anything beneficial arising from recent RNS’s because it has been reported on several occasions that we would have to wait until H2 to see positive cash flows being generated from the income arising from those contracts.
The final accounts are going to be critical because by then we should be seeing what positive effects those contracts are having and based on the comments in the Chairman’s Statement those opportunities are expected to bear fruit in H2 of this year.
A little surprised at Bap’s comments today given his recent stance on his shareholding and past comments he’s made on LinkedIn. However, I respect his decision but still surprised he’s liquidated his entire shareholding given his recent stance on his position

[smithie6] 14/9/2022 14:52

Whether resolved or not resolved, the financial situation is not pretty imo.

As I mentioned the amount of cash held versus the current debt & monthly cash consumption, is not pretty, imo.

[nick2412] 14/9/2022 14:19

Smithie, to be fair, the breach isn't mentioned in the results today in any of the notes, so I expect that has been resolved. That said, they should have clarified that a revised arrangement has been sorted. It's a sizeable gamble, however, until they sort the financials out.

[smithie6] 14/9/2022 13:46

Nick2412, posted relevant info about bank loan covenants

Which is worth highlighting/pasting I think.

"It's a fact that TRAC was in breach of their banking covenant (it was in the previous results announcement notes). It's also a fact that I received an email, with the date as stated in my post, from the CFO saying they remained in breach but were discussing a solution. I assume that's not the case anymore as TRAC haven't referenced it. I suggest you contact the Company who will verify that at the time that I stated, TRAC were still in breach. I hope you will do that, and I will await your apology.

From my original post, which quotes the email reply from the CFO word for word without changing the broken English:-

From the CFO, Igor Vatenmacher to me via email on 5th July:-

"As we updated, we were in breaching of financial covenants with the bank and we still under negotiation to find mutual proper solution as we had done before."

[smithie6] 14/9/2022 13:24

Financial numbers don't look very pretty imo.

Holding very little cash imo relative to bank/other debts/loans & wrt the cash consumption rate of the co.

Still notably consuming cash.

I hope the co. makes it but its been listed for years & all it has ever done imo is just keep raising money to cover its losses.

No position.

[turbotrader2] 14/9/2022 12:32

Thanks Bap for your shares

[nick2412] 14/9/2022 12:05

No problem and thanks for that. All the best in your investments and life in general Bapodra.