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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trafficmaster | TFC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 46.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 46.75 | 46.75 |
| Top Posts |
|---|
Posted at 09/7/2010 12:19 by restassured The management of Trafficmaster should be charged with fraud.....EXCLUSIVE: 5 Reasons Telematics is Finally on the Verge of Growth by Guest Editor Yukon Palmer on Jul. 8, 2010, a Telematics Weekly exclusive Like many other Telematics application providers, I was seduced by the over-e Commitment by the cellular carriers: It is no secret that the cellular carriers have been on the lookout for new sources of revenue. Many have been working with Telematics providers since the late 1990's, but with our low ARPU, they never really took the industry seriously. Initiatives such as the Sprint / M2M DataSmart and AT&T / Jasper Wireless partnerships are showing that the carriers are now getting serious about this space in order to grow their revenues. They will be big proponents of the benefits of Telematics to their huge customer base, which will significantly increase adoption. Commitment by customers: As businesses recover from the Great Recession, they will realize that they can no longer ignore the built in inefficiencies within their operations. They will want to operate leaner and will utilize Telematics applications to streamline their processes and reduce unnecessary expenses. Commitment by device manufacturers: Due to the wide range of applications, device manufacturers now see the opportunity to sell hundreds of thousands of devices, which will help drive the economies of scale needed to push device costs down. This will help increase adoption since potential end users will no longer view the implementation costs as being as prohibitive as they were in the past. Commitment by application providers: Many new application providers are emerging with unique products that will grow the market. This includes Telematics applications designed to help insurance carriers implement pay-pe Commitment by investors: As we gain additional traction with the cellular carriers, customers, device manufacturers, and application providers, investors will see Telematics as a relatively low risk opportunity and will provide significant funding to our industry. Now I believe that the market analyst projections that I and trumpeted over and over during the early 2000's are now finally coming to fruition. This is because we finally have the commitment from the market drivers that will propel this industry forward. About the author: Yukon Palmer is the founder and President of FieldLogix & |
Posted at 05/7/2010 07:21 by restassured Last weeks FD comment in the Times.Is private equity picking up Trafficmaster on the cheap? Its former finance director believes so. Nigel Bond, who left the maker of sat-navs and fleet tracking technology in 2008, said: "UK shareholders are being short-changed. They don't appreciate the true value of Trafficmaster's American fleet tracking business, Teletrac, which has grown strongly for the last five years and is now making more profit than the group as a whole." A month ago Trafficmaster agreed a £73.3 million sale to the UK arm of the American private equity group Vector. The company insisted that the deal, worth 47p a share, represented great value for shareholders and emphasised that its adviser, Canaccord Genuity, had been thorough. Shareholders will be asked to approve a scheme of arrangement on Monday. The biggest - Schroder Investment Management, with 16.5 per cent, and Aberforth Partners, with 15.5 per cent - have already given their blessing. However, investors controlling three quarters of the company by value must approve for the scheme to pass. Should that backing not be forthcoming, there may still be an outside chance that a long-rumoured counter-bid could yet emerge. |
Posted at 22/6/2010 18:11 by buenos aires Or .to put it another way ," These small private investors come here ,buy a few shares and somehow think they own a share of the co . So lets make it clear for once and for all ,we the board own the co ,along with our main shareholders,and brokers .We decide what the share price is,and if we want to sell to whoever we want ,thats our right. Look up the small print. Now we gave you small shareholders a small profit ,take it and get lost ,before we decide to value the co at zero pence.....( we can you know!!)" The above may not apply here but generally its pretty close to reality when investing in shares ,in ANY co. Loyal,long term investing is for mugs !! |
Posted at 22/6/2010 10:34 by gerdmuller I think Vector is taking UK investors for a bunch of mugs and won't be able to believe it if they get away with this low price without even having to raise their offer. Champagne corks will be popping as this price will save them millions and would have been put in at a low level so they would have room to raise the offer price if needed. |
Posted at 22/6/2010 09:50 by gerdmuller Did Vector buy £240 worth of shares yesterday? Is that so they can get a vote?KWL is now almost 5 weeks without any news. These takeovers in the UK are getting ridiculous and many good small companies will be taken over at very low prices due to lack of interest by investors and rules which make life very easy for the predator. The weak pound means that the UK is up for sale and again we will be losing out to predators who will only have to use multiple arbitrage as the economy recovers to make a fast buck. |
Posted at 17/6/2010 10:42 by gerdmuller restassured, good article. Amazing how little private investors are told. Wonder how they decided who won the auction. Was it the one that gave the best deal for shareholders or the one that gave the best deal for management?If competitors have let this go to Vector then they might be in for a shock. With capital at their disposal then this won't be the same old sleepy TFC as in the past but a new very aggressive animal. Not sure what guarantees management have but if they don't deliver rapido then then will soon be sidelined and disposed of within months. Competitors will then have the option to compete or buy this one at a hugely inflated price in 3 or 4 years. Competing with TFC management is one thing but competing with a highly motivated and aggressive PE firm changes everything. |
Posted at 04/6/2010 16:32 by orange1 They are a hedge fund acting for their clients and investors.Gruss specialises in risk arbitrage a.k.a. merger arbitrage: They buy in at 46.75 and hope to sell at 47p or higher. The point though is that it is now no longer possible to buy in at below 47p, if any one is still buying at this stage it can only be that they are hoping for an offer higher than 47p. |
Posted at 03/6/2010 10:41 by tom306 lfcBut what if the 60-80p range touted by Panmure can then be achieved? After all, they advised Vector in the negotiations! :-) Some investors will think 47p a great price, others won't. So everyone needs to do what they think is right for them. If the bid can't get a majority of shareholders then it doesn't deserve to go ahead. That's democracy. |
Posted at 03/6/2010 00:40 by tratante I guess if there is no other offer on the table by the time of the meeting it will go through. I doubt investors want to go back to where we started. |
Posted at 02/6/2010 17:05 by restassured From Investors Chronicle.....Created:2 June 2010Written by:Steven Frazer Rival buyers for Trafficmaster? Trafficmaster has agreed a 47p per share takeover from San Francisco-based investment firm Vector Capital, valuing the satellite navigation specialist at £73.3m. It is not terribly surprising that Trafficmaster has caught the eye of private buyers. A rapidly growing business it may be, but it has long been dogged by old market perceptions which have kept the handbrake on the share price. This bid values the company at just 10 times 2010 EPS, far from generous, albeit well up from our original bargain portfolio tip (Buy 16p, 6 Feb 2009). But this is no done deal. So far shareholders representing just 28 per cent of the stock have agreed to sell, and they could switch to a rival bid priced at least 10 per cent higher than this. IC VIEW: Up 27 per cent since we flagged the shares' attractions after full-year results (Good value 37p, 23 Mar 2009), it's worth hanging in there for possible a higher bid. Sit tight. |
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