T42 Iot Tracking Solutions Share Discussion Threads

[z1co] 22/5/2024 08:32

Bought another 50,000 @ 5.29p

[z1co] 21/5/2024 18:09

The CEO's comments on 05/02/2024:

"t42 is witnessing the tangible impact of its long-term efforts to integrate cutting-edge solutions within the supply chain industry. There is a notable global surge in interest for 'Lokies' and the associated comprehensive t42 solution, which is expected to be positively reflected in the Company's financial results in 2024 and beyond."

[z1co] 21/5/2024 17:31

Another massive contract won by this little tiddler.

Taking in to account all these contract wins so far this year , 2024 will see a significant improvement over last year.

[z1co] 21/5/2024 17:29

!FOLLOWFEED
21 May 2024

t42 enters into a significant agreement with US based reseller for 30,000 container shipping tracking units, estimated value of approx. US$7million.

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13 May 2024

t42 Secures Long Term Agreement for 30,000 Monitoring Systems Over 3 Years, with estimated value of up to c. $4.5 million

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16 April 2024

t42 enters significant agreement in Mexico evaluated at over $1m and further SaaS revenues

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5 February 2024

T42 Secures Significant Long-Term Agreement for up to 30,000 Container Shipping 'Lokies' Tracking Units over the next three years, together with associated Software as a Service (SaaS) fees, which if received and deployed would be estimated to deliver revenues of over $7.5 million

[z1co] 21/5/2024 16:44

Going through the trades loads bought between 7.50p to 8.00p.

[z1co] 21/5/2024 15:54

Certainly has won quite a few decent size contracts this year.

[karimgrant] 21/5/2024 14:49

Certainly does have legs! More orders to follow after the U.S has signed up!

[riskybisky] 21/5/2024 14:47

STrange to sell now, this has legs..

[karimgrant] 21/5/2024 14:44

Here comes 10 for aligning mc

[citys2874] 21/5/2024 14:18

Just sold my other half now and moved in CPX....great day up 88 per cent

[citys2874] 13/5/2024 12:40

Sold out of TRAC and put into GILD news also just out worth a look and buying

[smithie6] 13/5/2024 12:37

RNS..same old, same old...imo

& this time around there isn't even an initial order !!!!!!

..because the development is not finished !!!

& between now & placement of a hoped for order...

who knows what might happen...

the client will of course have a new look at products from competitors & especially at any new products...

& every competitor in the world now knows there is a logistics company looking to buy.....so, all the competition will be finding out who it is & then offering their products.

and normally what happens before any customer places an order with a mfr is to hesitate....& try to get a better deal, perhaps a smaller initial order, perhaps delayed payment, perhaps a lower price. etc etc.

One has to be careful if one counts ones chickens before they hatch. So many times before with Trac the eggs dissapoint & turn out to be.....red herrings !!

but good luck to them, I hope they survive & then do well. But if this company was any smaller it would not be visible even with a microscope !
..that is not because it is doing well, 'cause it aint.

[crazyworld2] 13/5/2024 12:12

Looks like it's dumping alredy

[manual dexterity] 13/5/2024 12:04

3 May 2024

t42 IoT Tracking Solutions plc
("t42" or the "Company")



t42 Secures Long Term Agreement for 30,000 Monitoring Systems Over 3 Years, with estimated value of up to c. $4.5 million



Highlights:

· Major agreement with estimated value of up to c. $4.5 million for both hardware and SaaS subscription fees over three years;

· Initial order due to be placed for 10,000 units, following acceptance of the now updated tracking solution to the client;

· Client is a leading company in Brazil within the transportation and logistics security tracking sector



t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or "the Company"), which provides real-time tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market sectors, is pleased to announce that after long and thorough process of assessment, it has entered into a development and supply agreement ("Agreement) with a transportation and logistics security tracking firm in Brazil (the "Client") for 30,000 tracking units over 3 years, together with associated SaaS revenues.



The Agreement is estimated by the Company to have a total potential value of up to approximately $4.5 million, over the 3-year period, on the basis of full deployment of the hardware and software services.



Under the Agreement, following acceptance by the Client of the system development, the Client is due to place an initial order with t42 for 10,000 tracking units, with a non-refundable deposit payment having been received by the Company. Revenues from the initial order, once placed, are expected to be received commencing in FY 2024. The Company will update the market once the initial order has been received.



The Agreement, which includes ongoing systems development, has been executed after over a year of evaluation of the Company's systems by the Client and a detailed analysis of the Client's requirements by t42, which demonstrated the Company's knowledge and ability to accurately identify the Client's needs and to develop a product to meet these needs.



t42's comprehensive solution, integrating its tracking units, has been developed through the integration of various currently independent systems coupled with the introduction of new applications into a unified system. These enhancements extend to all facets of the system, encompassing hardware, management software, and ultimately, a smartphone application for end-user service, affording the Client a considerable advantage in their domestic market and facilitates their entry into international markets. This solution simplifies the system's implementation with the Client's own systems.



Avi Hartmann, CEO of t42, commented: "We are once again observing tangible evidence of sustained efforts to integrate t42's innovative solutions within the supply chain management sector. There is a notable surge in demand for the expertise and experience offered by t42, and we are optimistic that this will result in further contracts as we move forward."



Contacts:



t42 IoT Tracking Solutions PLC

Michael Rosenberg, Chairman 07785 727595

Avi Hartmann, CEO +9

[smithie6] 16/4/2024 12:09

Usual rubbish imo

80k$ !

Not enough profit from that to pay the petrol bill for the directors' cars !!

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Perhaps warming up for a new cash/loan raise or to extend the end date on an existing loan.

Imo this company has been running on fumes for a long time. I hope they make it but the financial position does not look pretty.

[smithie6] 07/3/2024 14:40

"...the Lenders will be issued for no additional consideration such number of t42 shares such that, together with the t42 shares already held, each Lender's percentage shareholding shall remain the same"

..."...at no additional consideration such number of additional shares...such that....each lender's percentage shareholding shall remain the same"

Je je, if/when that happens I guess that the share price will fall...
....more dilution, at 0p/share !

[smithie6] 07/3/2024 14:34

Latest RNS

...usual rubbish imo.

(& turnover of 4m$
....many years after listing ...pretty poor perf.
..it is not enough turnover to support being listed imo)

[smithie6] 05/2/2024 09:07

...shorters..

Get real. No one shorts shares with a cap. value so close to zero !
And very few, or zero, financial houses would offer shorts in Trac. And any that might would only do it for peanuts in shares.

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...each to their own opinion but imo today's RNS is yet other red herring.

The co. has a real need, unless it convinced loan note holders to not call in their loans then imo the co. would be in administration (that is what happens when you are loss making & can't pay back loans on the due dates).

I hope the company survives but it has never delivered & today's news makes no change to that.
Is the customer DHL, Fed. Express, MSC, Maersk, Hapag Lloyd,..making an order for 1/2 million units ?

No !

The gross profit from this order (1000 units, apparently, over what time frame ?) surely doesn't cover a fraction of the costs of operating the company.
And appears to be a sale to a company that is not a major player.
Zzzzzzzz.

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This company has been banging the drum for ages about supplying the massive potential market in shipping containers.
Let us be truthful, it has not happened. As a result the cap. value of the co. is close to zero.

Might the co. have success in 2, 3, 5 years ?
Who knows. But will it still exist then to find out ?. Debt up to its eyeballs & over their heads'.

[babbler] 05/2/2024 08:24

Luckily seems they have survived. Not so lucky for shorters.

[smithie6] 22/1/2024 12:21

Convertible loans. RNS for possible extension of repayment date.

So, if the lender does not agree to delay the repayment & asks for repayment & one assumes that the co. can't repay the loan then does that mean curtains for TRAC or at least suspension of it's shares 'while its financial position is clarified' ??

[turbotrader2] 16/1/2024 17:52

Bet an rns in the coming days but remember it's always intraday