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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trakm8 Holdings Plc | TRAK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.25 | 07:48:41 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.25 | 9.25 | 9.25 | 9.25 | 9.25 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 19/4/2024 17:20 by 6jacko Had a rest from this chat as i just got totally dismayed by it all. Nothing changed at all in time I've been away, Watkins clan still creaming it to afford the new ranges and Ferraris that keep coming every year and still equally as arrogant and clueless. The old man just wont stop dying his hair and pretending he is still current and knows how to run a business which he clearly dosnt. Some good people on board but I'm told they are puppets with no say or influence as its Watkins way or the high way. Interesting to see Insurance holding its own but fleet going down in connections and churn- the Monkey is really running the Zoo in that area. Lots of lost opportunities' and churn as big fleet customers moving to other telematics players, still working in the industry, Trak are not seeing as competition at all on both telematics and optimization and are seen as a company waiting to go down or be bought out. |
Posted at 25/3/2024 11:19 by andre Insurance is never going to pick up. Insurance companies have used the black box carrot to get the new young customers on board but haven't taken usage seriously. Just a way to entice customers. Customers now jump around the black box companies with no loyalty.So insurance companies have 'developed' app based tracking which uses the customers mobiles to 'track' their vehicle usage. These often come with option to 'switch off' the app if you are a passenger and not a driver (so it doesn't impact your score). I wonder how honestly young drivers use this option. Especially as threats of cancelling their insurance for speeding or bad driving are also a part of the app. (Frankly, none of this is anything to do with encouraging better driving... just getting new customers at rip off rates). The upshot being that insurance doesn't need tracking companies to pull the same con that insurance tracking was created for. They do it themselves at no cost. Insurance tracking is dead. Quartix and others jumped off this bandwagon ages ago. Trak is left depending on a dead market. All IMHO. |
Posted at 25/3/2024 11:19 by smithie6 Microlise has ~£17 nett cash & it's turnover has ~12% organic growth.So, if they wanted to they could buy TRAK, but does TRAK have any IT products that Microlise would really want ? Noting that Microlise is growing turnover while TRAK is seeing reduced turnover. The production capability might be useful for Microlise to own. But I assume it is much cheaper to get production done in India where Microlise has some presence. (But perhaps some questions about quality etc). |
Posted at 24/3/2024 11:43 by smithie6 Dave2608Your post looks pretty accurate. With Microlise investing £3m for shares there were big hopes that TRAK products could be sold via Microlise in other countries where it is active, such as India. Clearly it hasn't happened in any volume. Be interesting to know what Microlise & Nadeem Raza thinks now & what he wants to do with their stake in TRAK. Microlise owns 10m shares & Nadeem owns 600k shares. And £1m CLN, convertible at ~17p. The CLN is repayable or convertable in Sept. 24. TRAK probably can't pay back the loan at the moment so perhaps it will be renewed, if the lenders agree. And the lenders surely wouldn't want to convert to shares at 17p. Although the performance is not so good at the moment, what is the value of the existing hardware & software, existing contracts & recurring revenue. For Microlise or A.N.Other one would guess that the value is higher than the current cap value, although the debt that goes with it reduces the selling price. ----- Personally if I was Nadeem I would be inclined to , as the 1st step. remove the boss at TRACK since the turnaround over the last few years, which has cost a lot, has not imo delivered. 2nd step. Another round of cost costing. Cut back the investment/costs in R& D. 3rd step. Declare that operating at breakeven & invite offers for the company. |
Posted at 22/3/2024 18:12 by smithie6 primarily due to ongoing shortages of insurance capacity"Does anyone know what this means ?! Surely there isn't such a thing as a shortage of insurance capacity ?! ...as long a clients are willing to ay the price quoted by an insurance company then surely the "insurance capacity" for the motor vehicle sector is limitless, no ? How many vehicle insurance policies in the UK ? 70 million people, say 40 million adults of 18-70 years, perhaps 20 million insured powered road vehicles, is that a reasonable guess ? Or too low ? I struggle to see how there is a shortage of "insurance capacity", as TRAK claims. |
Posted at 09/3/2024 13:20 by smithie6 Are we hopeful for TRAK ? |
Posted at 30/3/2023 17:06 by knowbodyyouno *Sainsburys and Iceland have been clients of Trak for quite some time now and yet I haven't noticed Trak smashing the ball out the park.*Agreed. The binary result still remains operative here. FY2024, is the crescendo in my opinion: do or die. |
Posted at 30/3/2023 17:02 by dave2608 Sainsburys and Iceland have been clients of Trak for quite some time now and yet I haven't noticed Trak smashing the ball out the park. |
Posted at 30/3/2023 13:32 by andre Trak announce a contract extension and state that it is part of current market expectations. share price rises 17%. Clearly not everyone's expectations then. |
Posted at 22/2/2023 07:32 by knowbodyyouno Looks like this was the reason for the building was being spruced up for:*Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that it is today hosting a capital markets event for institutional investors and analysts. The event will be hosted by Executive Chairman, John Watkins and Chief Financial Officer, Jon Edwards, and will include presentations from leaders within the group.* *The Company will provide an overview of the products and markets that Trakm8 is addressing following the announcement by the Company on 14 September 2022 to focus activities on the most successful parts of the business. This will include an update that connections now exceed 318,000 (30 September 2022: 299,000).* |
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