Trakm8 Share Discussion Threads

[dave2608] 06/12/2024 18:08

Let's face it, this company looks like it's finally going. It could be any day now. I'd be very, very suprised if they make it to the end of March 25.

[dave2608] 05/12/2024 13:08

How much are the running costs of being on AIM? Well the core, that's core running costs are a minimum of £200,000 according to this 2019 article. Add in inflation and look at these costs as a percentage of the current market cap (£2.25million) and perhaps you have to ask if it's worth TRAK being on AIM.

[tabhair] 05/12/2024 09:44

Awful results, company just isn't viable at this size.

[smithie6] 05/12/2024 08:14

...I'm surprised the new partner/investor over the last 2 years doesnt step in & take over ....or at least replace the execs.

..otherwise it just seems like a slow painful death for this co. under the existing execs.

[pj 1] 30/7/2024 07:29

Was it Cineworld that was recently sold for £1?

[dave2608] 29/7/2024 20:19

In fact the more I think about it, £1 isn't a bad shout. I mean who exactly would want to buy Trak's intellectual capital and goodwill?

[dave2608] 29/7/2024 20:05

£1, I'd imagine would be considerably closer to their actual value than £23,828,000.

[dave2608] 29/7/2024 19:10

Technically insolvent.

If a company has a negative net asset value; its liabilities are greater than its assets.




CURRENT ASSETS LESS CURRENT LIABILITIES - (£3,393,000)

TOTAL ASSETS LESS CURRENT LIABILITIES - £24,069,000

£23,828,000 worth of intangibles in the total assets. How much are they actually worth?

[knowbodyyouno] 29/7/2024 16:15

How can the financial position of insolvency get worse? What is worse?

[arthur_lame_stocks] 29/7/2024 16:10

I'm not an accountant but as far as I can see TRAK are technically insolvent and the financial position is getting worse.

[dave2608] 29/7/2024 15:36

Anyone know what colour JFW is dying his hair these days?

[knowbodyyouno] 29/7/2024 15:17

aren't*
and
reins*

[knowbodyyouno] 29/7/2024 15:14

aren't*
and
reins*

[knowbodyyouno] 29/7/2024 15:13

I don't know why they cling to the insurance insurance division - it hasn't made money in a decade. Fleet / optimisation are their only hope. QTX (not perfect by any means) has reported quite respectable results today. Micro is another example of success in the fleet / optimisation space. Surprised Micro are agitating for change at the top - they basically own Trakm8 now. Must be embarrassing, every time Trakm8's stain shows up on their accounts. Come on JFW, time to hand over the reigns.
GLA

[smithie6] 29/7/2024 08:36

turnover notably down.

------

is it time for a new boss ?
this boss has had enough years imo to try to deliver & it clearly is not happening.
Perhaps let someone else try ?

----
And sorry, but for me the number of staff is too high for the low turnover.
With the new fall in turnover it looks to me like another round of cost cutting is needed or get the turnover markedly up (& I have little confidence in that notably reversing).

[dave2608] 29/4/2024 10:19

Bloody hell, he's had his fingers in some pies. I see a fair few of the companies are now dissolved. Without delving further, I bet the comapanies where his company status is active are shells.

[orange1] 29/4/2024 09:38

Yep - not dying your hair is definitely the mark of a true leader and the reason why Pep will win the Premier League and Jurgen won't.

[6jacko] 19/4/2024 16:20

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.

[mrtickleuk] 19/4/2024 08:19

Oh yes sure. Credit to the brave, brilliant, expert directors! Nothing can go wrong!

[smithie6] 18/4/2024 19:18

..juicy interest rate
but !
the company is in very difficult times, so interest rates are higher to reflect the risk of never getting the money back !

Does the co. have nett TAV to g'tee that these brave lenders will get their money back if the co. goes in to administration ?

At most listed companies I don't think the directors put up their own cash to try to save it. Instead many will just put in their notice & walk away. So, credit I think to these dirs for putting in their own cash to try to save the company.