ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

TRAK Trakm8 Holdings Plc

9.25
0.00 (0.00%)
Last Updated: 07:43:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trakm8 Holdings Plc LSE:TRAK London Ordinary Share GB00B0P1RP10 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.25 10,000 07:43:24
Bid Price Offer Price High Price Low Price Open Price
8.50 10.00 9.25 9.25 9.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Transportation Equipment,nec 20.2M -783k -0.0157 -5.89 4.62M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:42:15 O 5,000 8.50 GBX

Trakm8 (TRAK) Latest News

Trakm8 (TRAK) Discussions and Chat

Trakm8 Forums and Chat

Date Time Title Posts
19/4/202417:20TRAKm8 Cutting edge Telematics & vehicle management5,788
30/3/202122:54trakm8 - Ultimate Vehicle Control - NEW ISSUE1,596
10/8/201613:22Trakm8 - TW talks crap-
16/2/201615:27Trakm8 - TW says worth jack sheet-

Add a New Thread

Trakm8 (TRAK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:42:168.505,000425.00O
10:42:148.505,000425.00O

Trakm8 (TRAK) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Trakm8 Daily Update
Trakm8 Holdings Plc is listed in the Transportation Equipment,nec sector of the London Stock Exchange with ticker TRAK. The last closing price for Trakm8 was 9.25p.
Trakm8 currently has 49,975,000 shares in issue. The market capitalisation of Trakm8 is £4,622,688.
Trakm8 has a price to earnings ratio (PE ratio) of -5.89.
This morning TRAK shares opened at 9.25p
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 03/4/2024 20:28 by dave2608
They are prepared to pay 18% interest on 900k worth of CLNs and additionally as a consequence £1,580,000 of CLNs issued on 13 September 2022 are to be jacked up to 18% interest? That's some additional interest they are going to be paying. And it looks like a large chunk of this interest is going to be paid to erm......the directors. Also, nice how you can change the terms of the Sept 22 deal isn't it? And that's not just the interest rate; The convertable price too. But all of this allowed them to pay 500k for the rights to use certain ip from Action 365 plus provide 400k towards working capital. What's so special about Action 365s ip that they are prepared to incur all this additional expense? Very little at a guess. It's most likely a smokescreen.

What the hell is going on? I suspect jiggery pokery. They've just engineered another way to keep this sh*t show on the road and to make the headline figures look better, albeit in the sort term. Nice juicy interest rate for some of the directors too!!

All this IMO of course.
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 25/3/2024 10:54 by smithie6
..ah, yes. 2013. Vague memories of that acquisition floating back to me.

Interesting to note the large subscription in cash in that acquisition for new shares by the current boss. £350k +/- X< @ ~22p.
So he's sitting on a big loss at the current share price. But with his salary & benefits over >11 years he is surely winning overall.
Posted at 24/3/2024 11:43 by smithie6
Dave2608

Your 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 16:42 by knowbodyyouno
Perhaps Howden was born out of Ingenie
But it's still operating as a different company:

hxxps://www.ingenie.com/

I think both are owned by a parent company - can't remember which insurer.


There is definite connection with trakm8 - there are 2 'key' people listed on Hawden's website (odd that there are only 2, key people in such an organisation, but there you go) - a quick browse of Linkedin shows both are ex Tram8 stock (and one worked at Ingenie).

Didn't know of the Searles connection - I believe she is/was on Trakm8's board.

The question - and I raised this on the other BB - is whether, ingenie and Howden are different contracts. My assumption was that one is black boxes for kids (ingenie) and the other data algorithms: Howden driving data).

Doesn't really matter. What matters is that they bring in revenue and profit, and the jury is still out on that.

For the moment, it's Sainsbury's and Iceland that count. Both renewals are, the market accepts, good news and you will likely see this reflected in the share price over the next few days/weeks.

GLA
Posted at 22/2/2023 12:11 by knowbodyyouno
*Microlise keep buying chunks ! What a failed strategic idea from Microlise! Look at their share price too - half what it used to be.*

I suspect Saas are in a better position to make such an assessment than we are. Also, I'm not so sure it is a failed strategy. If Trakm8 fails the Saas can grab the rest of it (including circa £10m recurring revenues) for not very much at all. All-in-all the acquisition of the entire business won't have set them back very much at all.

Re the Saas share price, it was always hugely frothy at £2.50 and has (in the absence of the promised acquisitions) come down to levels more commensurate with its operations.
Trakm8 share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock