T42 Iot Tracking Solutions Share Discussion Threads

[nig1954] 06/12/2021 15:45

Here's a brief overview of what the US administration is attempting to do to help overcome their domestic issues. The Biden-Harris Supply Chain Disruptions Task Force has been set up to : act as an honest broker to encourage companies to start collaborating. Many have responded to this call, recognizing that a once-in-a-century pandemic requires everyone to do their part to support the nation’s economic recovery.
Moving all links in the supply chain simultaneously doesn’t happen overnight, but the actions being taken by every link in the chain will make a difference. These actions are starting to clear the backlogs and break down the barriers that have made it hard to move this unprecedented volume of goods.
The US administration will also continue to track how well their nation’s transportation and logistics supply chain is handling this increased flow. This requires a goods movement chain that is more resilient, fluid, and can operate at a higher velocity.
The Infrastructure Investment and Jobs Act, is designed to make the fundamental changes that are long overdue. This will be achieved by improving supply chain visibility and optimization through real-time IoT cargo monitoring and tracking which will uncover inefficiencies in the flow of goods, finances and information. Their aim is to provide multimodal in-transit supply chain visibility allowing all customers to understand what’s happening throughout their extended supply chain. With actionable insights, this will allow for the development of cost-saving strategies, optimization of supply chains, assessment of performance, and identification of bottlenecks.
Part of the US $1.2 Trillion infrastructure package is aimed at resolving some of their domestic issues within the global supply chain.Currently 000’s of tractor units are moving around on highways only 25% full. Right beside it is another tractor unit with a similar sized load going to exactly the same location. The US government’s aim is to collaborate and combine supply chains which would help take 000’s of trucks off the road and in the process radically reduce carbon emissions. This collaboration is already beginning to happen with the likes of Amazon who have a huge presence within the US logistics market. They are also acquiring small airfreight businesses with their own fleet of aircraft and plant to transport more goods by plane.

[smithie6] 03/12/2021 12:48

"During the 2017 - 2020 period, net revenues grew from US$5.9 million in 2017 to US$14.6 million in 2020."

That is clearly a big part of the reason for the high rating for Windward. Fingers crossed that TRAC can grow its turnover & hence the rating for its shares. Well obviously we are hopeful for a contract (or maybe 2) to be announced before Xmas, ref. co. news.

[hedgehog 100] 03/12/2021 11:46

Windward has just announced that it is floating on Monday, together with more details of its float and results -

"Windward Ltd. Placing and Proposed Admission to Trading on AIM
RNS Number : 1216U Windward Ltd. 01 December 2021

... Windward is placing 22,258,065 new and existing Ordinary Shares (the "Placing Shares") at a price of 155 pence per share (the "Placing Price"), comprising approximately £26.3 million of new capital for the Company (before expenses) and £8.2 million for certain existing shareholders and option holders.

On Admission, the Company will have 81,637,638 Ordinary Shares in issue. The market capitalisation of the Company at the Placing Price will be approximately £126.5 million immediately following Admission.

Admission and commencement of dealings on AIM are expected to take place at 8:00 a.m. on 6 December 2021, under the ticker WNWD. ...

• Windward benefits from a strong commercial model with high levels of recurring revenue supporting strong revenue and cash flow visibility. As at 30 September 2021, the Company had an annual contract value ("ACV") of US$19.7 million (unaudited), 99 per cent. of the revenue being subscription based. For the period between 31 December 2017 to 30 September 2021, Windward achieved a compound annual growth rate in its ACV of approximately 30 per cent. (unaudited). During the 2017 - 2020 period, net revenues grew from US$5.9 million in 2017 to US$14.6 million in 2020.

• Windward's scalable SaaS model with 79 per cent. gross margins for the year ended 31 December 2020 provides the Company with a clear path towards profitability in the future. ..."




Some key Windward points:

Circa £11M. revenue in 2020 at current exchange rates, & loss-making.

Circa £100M. pre new money market cap. at IPO price of 155p.

= Pre new money valuation of circa 9 x historic (i.e. last full year) annual revenue.


In 2017 Windward's annual revenue was US$5.9M., compared to TRAC's current annualised revenue of about US$4.5M., based upon the first half.

I.e. only about 30% higher than TRAC's at the moment ... and yet it's now floating with a market cap. of over £100M., which just shows what's possible.


Having said that, WNWD looks very fully-valued, even considering the growth prospects, but that's not to say that its share price can't still do well.

[smithie6] 02/12/2021 19:41

+18% today

not bad. :-)

[nick2412] 02/12/2021 09:58

Non-exec, Avi Engel, is moving on 'to pursue other activities.' He was formerly the CEO of Pilat Media that was acquired for a sizeable premium on AIM. Given the new focus, TRAC / t42 will probably look for a new non-exec with links to the shipping container industry.

Good to see the price move up but 14p mid still only equates to 1.75p pre-consolidation whereas parity just before the switch would be 18p (2.25p). Market cap is about £7.5m and post confirmation of any 'bumper' contract and high growth expectations then, depending on the value and names involved, I'd anticipate a m/cap of £20m for starters would be appropriate.

I see the LSE feed has, thankfully, corrected the new name from the typo 'Lot' Tracking to 'IoT' Tracking. I assume the old website that used the Starcom Systems name for its domain name will be rebranded with the new name. The new site t42.co.uk is fine but it's only a single product website without all the investor relations, news, different product lines etc.

[nick2412] 01/12/2021 08:04

From the trading update 15th Oct 2020 giving an interesting snippet on Zero (TRAC's electric motorcycle partner). Flags up the possibility that TRAC could be involved with Zero's project with Polaris for off-road vehicles.



"Zero, the American electric motorcycle company, has recently announced a groundbreaking joint venture with Polaris Inc. This is a ten- year exclusive partnership to develop electric off-road vehicles and snowmobiles and it is an􏰀cipated that the first of several electric vehicles will debut by the end of 2021. Polaris (NYSE: PII) is listed on the New York Stock Exchange with revenues of more than $6.7 billion and serves more than 100 countries across the globe. Based on its announcements as a public company, its long-term goal is to establish itself as the powersports electric vehicle leader by 2025."

Polaris launch their new off-road vehicle this month. It will be the first commercial result of their collaboration with Zero. Should be interesting to see if TRAC (Starcom) are involved. It's a distinct possibility but not a given.

[nig1954] 30/11/2021 11:22

DB Cargo has formed DB Cargo TransAsia. There is now a rail landbridge between China and 18 European countries.Rail freight has now become an even more attractive option.Transport along the EuroAsian corridor is significantly faster than by container ship and costs significantly less than air freight services.They’re currently running nearly 200K TEU on this corridor and aim to expand this to over 500K TEU in next 3 years. Significantly more goods will be transported by rail to Europe as it will become more economical,possibly faster and will help countries reduce their carbon footprint. This will help to provide a platform upon which T42 IoT can build and establish its container division. The potential Revenues available will be huge and we only need to capture a small section of this new market. If we have a couple of global container businesses as our customers then this should be eminently possible

[nick2412] 29/11/2021 20:19

Some decent buys today. The current price is a bit of an anomaly as the pre-consolidation price was 2.25p (approx 9m m/cap) and that would equate to 18p. Quite possible some of the retail holders sold without doing the sums correctly. It's not uncommon with share consolidations to have a dip before it adjusts to the parity price. So, in effect, a bit of a Black Friday bargain sale.

Overall it's not overly relevant for those, like myself, who believe that TRAC will in the not too distant future be valued on new lucrative contracts that and ultimately SaaS and profits multiples.

[nick2412] 29/11/2021 20:11

Excellent post from Nig1954 over on lse


Significant investment in UK Infrastructure to be shortly agreed
This hopefully augurs well for T42 IoT Track, as the UK Government will be offering significant new contracts to Israeli hi-tech companies as the UK works towards improving its infrastructure as it proceeds to radically transforming the UK economy for hi-tech firms operating in various fields of industry.Significant amounts due to be spent on improving digital technology at our FreePorts and on Railways under the Shapps plan as we transfer freight from roads to the railways . Let’s hope our BOD can grab a share of what will be on offer

[smithie6] 29/11/2021 15:25

Pilat Media, that was a goodie

:-)))

[nick2412] 29/11/2021 14:49

Interesting and as you say, once listed then it should attract focus on t42/TRAC. It will be useful to see a few listed companies in this SaaS sub sector and to see the revenue multiples applied.

It sounds like Wingward have experienced exponential growth and that bodes well for TRAC in the context of the bullish trading update put out about contract negotiations.

Once the contracts start coming in and revenues build, then I think TRAC may well become a takeover target. The board have history of selling on for good shareholder returns. Avi Engel (director at TRAC) was CEO of formerly AIM-listed Pilat Media that was sold for $100m. It depends on how far the board wish to take it and it's early days for what has the potential to be a high growth success story.

[nick2412] 29/11/2021 09:00

Thanks Hedgehog, a new era for what is a bit of an under the radar gem. A 'right time, right place' stock for its technology imo.

[nick2412] 29/11/2021 08:52

I see advfn have the Company name down as t42 'LOT' Tracking Systems as the Company name instead of IoT Tracking Systems. Hopefully that is some form of 'mystic Meg' style predictive wisdom on future sales.

[nick2412] 29/11/2021 08:27

From the Companies Oct 22 trading update:- "...certain potential clients have indicated their desire to reach an agreement with Starcom for its technology and the Board is hopeful to conclude one or more contracts before the end of this year. This includes discussions with potential customers in South America and the USA, including one that the Board considers to be one of the major companies in the field of tracking and monitoring containers. The timing for completion of any of these negotiations cannot be certain at this stage and the Company will provide further updates as soon as appropriate."

The usual caveat about no certainty that the contracts will be concluded this year, but I don't think Starcom would rebrand to t42 unless they knew this sector of the business was going to take off.

"Should these be successfully concluded they could provide significant revenues over the next few years, including SaaS revenues. "

[nick2412] 29/11/2021 08:03

Just to note there has been a 8:1 share consolidation so 13p equates to 'old money' 1.63p

52.5m shares in issue and a £6.8m m/cap at 13p mid price.

[nick2412] 29/11/2021 08:01

Starcom Systems has formally changed their name to:- t42 IoT tracking solutions with the ticker TRAC



A quirky new name and rebranding. They are now focussing on applying their technology to smart shipping containers to resolve the theft problem and cater for a massive developing market. From the website:

“99.9% of shipping containers are not tracked or inspected for security resulting in $50 billion estimated cargo-theft costs and other related losses per annum.”

TRAC have flagged up the prospect of lucrative contract news that they hope to conclude this year and if achieved this should lead to a substantive re-rating and that allusive profitability:-

"the Company is in advanced stage discussions for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items" and, if successful, their leads would secure "significant revenues over the next few years, including SaaS revenues."



Earlier this year the Company won a DHL new innovative technology competition against stiff opposition with their remote digital IoT locking system, ‘Lockies’, selected. This resulted in initial trials with DHL in autumn ’21 in Singapore with the potential for trials with DHL customers.



t42 / TRAC also supply technology for the remote monitoring of crops for CropX Technologies and tracking technology for Zero Motorcycles. The latter are collaborating with Polaris and investors await to see if TRAC are involved.

TRAC with their £7m m/cap looks to be undervalued compared to peers and, if they can make in-roads into the lucrative smart container market and pick up the flagged up potential contracts, has the potential for a substantive re-rating.

[failedqs] 04/7/2008 08:55

Traction Technology starting liquidation proceedings.....

Another ARC Fund Management shocker..............

[egoi] 12/6/2008 13:22

I thought you kept horses in a stable?

Someone tell Renwick!! Yup another bow-wow imho.

[the big fella] 12/6/2008 13:16

Sounds like you are suggesting out of the frying pan into the fire!! More dogs than Battersea mentioned on this thread.

[blue god] 12/6/2008 13:04

Powertrader.

You could worse than looking at FIRE (Finance Ireland) - Net Assets of around 13p per share - current share price = 1.25p!

They could well be de-listing, but I'm sure that there must be people sniffing around in the back ground at the current Market Cap of £200k.

[topvest] 12/6/2008 11:44

Jaknife - sad, but true.

[powertrader3] 11/6/2008 16:54

ill take my chances bolster 320k mkt cap the directors could buy it between them.the ipr will be worth more than this.worth holding and adding on any dips.no dips i think from here any sniff of predators and its a whole new ball game.good luck.