Trakm8 Share Discussion Threads

[knowbodyyouno] 06/7/2018 08:23

The RM purchase was the beginning of the share price collapse here - I remember it well. Be good to know more about what it added.

[bhxian] 05/7/2018 18:34

Have to say that granting options -which in themselves are quite laudible -when the share price continues to tank on a poorly presented end of year results -lacking any real positivity (IMHO) is not helped when Ferguson's options extend to his wife -who also happens to be an employee.Has his former company Route Monkey made any positive contribution to TRAK? have my doubts.Also in perception terms Trak still seems to be run as a family company -rather than a technology operation.Sends out all the wrong messages -of which currently there are many.I say this a loyal heavily invested supporter of the company.

[st17] 05/7/2018 07:20

Thanks David and Weatherman. Just looked at net debt. I think it went up over the 6 months, and creditors went up by £2.4m in that time also. So it looks like their suppliers bore the brunt of their increased customer debts. Those suppliers will have had to have been paid by now I guess.

Their outlook states that revenues will be lower in the first half. They talk about a £2m deficit from CEM and reductions in customer inventory but I am hoping that some of that difference can be made up by increased solution sales or even SaaS recurring revenues, which don't look greatly in evidence yet. So maybe £13m revenue H1? In that case debtors would need to come down very significantly from the current £10.8m. Otherwise I guess net debt would suffer, unless there is new equity raised.

[weatherman] 05/7/2018 06:10

If they are ramping up production for growth, debts will increase perhaps? But overall net debt didn't seem to change much ?

[wilmdav] 04/7/2018 23:42

st17

Thanks for that.

There were also some errors in the company adjusted profit and eps figures, which have also been corrected.

There are probably others better qualified than I to comment on the increase in debtors.

[st17] 04/7/2018 22:53

David- that's useful. But I can't get to your H2 revenue figures: H1 was 14.75 and the year in total was 30.08, making H2 15.33 - up by around £600k.

Do you have a view on debtors? They went up by £3m in 6 months; that's extraordinary given just £600k of revenue increase. Any views appreciated.

[dc2] 04/7/2018 20:25

Thanks David for your clear breakdown of the figures....

[wilmdav] 04/7/2018 11:32

Some data items corrected on 04/07/18 and latest forecasts as reported by Sharepad inserted.

[knowbodyyouno] 04/7/2018 11:12

Too late - there's the bounce.
Back to 92p shortly, I suspect.

[knowbodyyouno] 04/7/2018 11:01

"Much lower and someone will just try and take them out....."

Would be great wouldn't it? But it's not going to happen. There's still a few unknowns and we need more devices and the business model transition to be complete. Let's not forget the BOD (and other PDMRs) are heavily invested here - it's something that gives me a little confidence in the long-term outlook. However, what it also means is the company aint go to go for peanuts and peanuts is what it is right now. Are the BOD gearing up for a sale - IMO, yes - but 2/3 years down the line.

Below 85p and I'll add some more.

GLA

[40toolong] 04/7/2018 09:48

Much lower and someone will just try and take them out.....

[ramridge] 04/7/2018 09:37

From a technical viewpoint, this seems to be heading towards the previous low of 85 in February this year. I think this will be the back-stop before it retraces upward.
I will be a buyer at below 86.

[emptycup] 03/7/2018 18:46

Not sure what to think here. Possibly £0.5m of R&D tax credit? Looking at the 'connection' numbers. Strip our insurance and it's 77k of other and pretty much where it was in 2014. That's worrying as fleet is far more profitable than the insurance connections I reckon.

Not a lot about Road Hawk - still think for Fleet this is a vanity project, 3k units deployed in H2 - a tad disappointing. They need to use analytics and use the camera as the enabler for far more integrated solutions - just like the road condition monitoring system they are embarking on with York.

Not a lot about data - why - they must have amassed a huge amount of valuable information to help... someone.

Not a peep about Route Monkey other than about integration costs. That's surely about as valuable an investment than Road Hawk IMO.

Very little excitement other than a real air of them paddling like crazy to keep still!


OK - so its easy to criticise: harder to suggest areas to invest sales and R&D. Perhaps JW is too focussed on connections and shifting little OBD units and competing as a relatively small fish in a rather large pond.

[weatherman] 03/7/2018 17:50

hxxps://fleetworld.co.uk/fmg-extends-telematics-contract-with-trakm8/

There seems to be confidence in the technology, and revenues are growing, which should lead to an increase in net margins and profitability over time. But a takeover by a competitor would also boost margins and give shareholders a possible exit point :)

[knowbodyyouno] 03/7/2018 14:42

This is a bit ugly and overdone, IMO.

I also think JW’s interview yesterday was about as useful as a chocolate teapot. So many missed opportunities to ‘sell’ or indeed reinforce the dream of Trakm8, to investors - potential or otherwise. The guy is a dinosaur, extremely bland, and needs to stay away from the camera. New dynamic blood is needed at the top here - until that happens, as an investor and a large one at that, I remain concerned.

The growth story clings on - I will too. Looking forward to Sept.

GLA

[tonybaloni] 03/7/2018 11:39

I'm new here, bought in yesterday at mid 94's, will exit at 90 or 100 whichever comes first.

[brucie5] 03/7/2018 09:57

Give it time. Looks to me like the share price has come back to base. 90p level can offer very strong support, in expectation that with next good news it may shoot back over £1. The results were ambiguous at worst, and that's why it's retraced. It hasn't crashed. It's just treading water. Great accumulation point for those who remain positive. Where sales lead, profit will eventually follow.

[tonybaloni] 03/7/2018 09:51

Very low volume here, don't understand why holders (at much higher levels than this) are not buying in.