Trakm8 Share Discussion Threads

[slartybartfaster] 21/11/2018 16:57

That was subtle. Selling TRAK for 20p instead of £2. News flash, the 20p is now 16p and falling. 8p is my guess!

[michaelmouse] 21/11/2018 16:09

I'd agree to an extent blondeamon, it is bordering on insanity, but volumes have been large (for Trakm8) and there are clearly forced sellers/p*ssed off sellers/get out at any cost sellers etc. and an absence of substantial buyers. It's just the usual characteristics of a bear market, and unfortunately Trakm8 released a profit warning at possibly the worst possible moment.

It's not as insane as Avesco was in truth. If you look at post 2:-



you'll see just how daft bear markets get in driving prices down. They were literally selling £2 coins for 20p a pop. Needless to say Avesco got an early bid which they rightly rejected, but eventually got taken out for £6.50.

Hopefully a similar scenario will play out here. The first cheeky bid was the catalyst for Avesco's rise to eventual glory. I'm hopeful a similar story will unravel here.

Keep your optimism going, I'm just waiting for all the nonsense to play itself out ;)

[slartybartfaster] 21/11/2018 16:09

A company can generate £111m a month, without generating net cash its meaningless. TRAK cannot service its debt, in case you hadn't noticed has ballooned 150%.

[tomboyb] 21/11/2018 14:23

I wonder whether this is around bottom? -

hmm -

[pj 1] 21/11/2018 13:43

blondeamon
20 Nov '18 - 18:57 - 3243 of 3249 Moderate | Ban
0 0 0
Massive ad campaign with huge TRAK posters on lorries already started last week:



This is a brilliant idea, at the best imaginable medium for such an ad.
===============================================================================
You cannot be serious?

[lukead] 21/11/2018 13:34

It’s going to be a long harsh winter for michaelmouse, he has a lot of thinking to do

[tonybaloni] 21/11/2018 12:55

Can't believe there hasn't been a single word of reassurance, directors buys or any positive word from JW.Also no RNS's either way from any Institutional Holders. Very odd 16p not 60p - where will the bloodbath end !!

[waspfactory] 20/11/2018 20:15

You're not alone Slarty, I suggested that TRAK was overvalued in January 16 when the market cap was £75m much to the derision of dlku and DavROS. It would be interesting to know what they think now.

[slartybartfaster] 20/11/2018 19:52

As I write, TRAK is taking a kicking, it is down 65% to 23p, a far cry from the £10-£20 target its biggest cheerleaders, probably one of the biggest BBM's on ADVFN, serial Tom Winniffrith troll, Michaelmouse. Worryingly, the volume of trades are significantly greater than usual daily norms, if not weekly, in fact, more like the volumes you would get for a month, which suggests even the patient and loyal have just had enough. However, I am sure there will be a few loyal LTHs seeking to add with a view of bringing their average weighted entry down. The problem they have here, is the company will most likely need more funds, and given the nature of the last funding round not being taken up by institutions, this would could and probably will be hugely discounted and will probably need the BOD to take part. I'm sure there will be some bottom fishing going on at some point. I'd continue to avoid!

I get no pleasure in revisiting TRAK and pointing out I told you so. However, when one is attacked for multiple years by someone, whom you have debated with, where one side has acted in a civil manner, whilst the other party (Michaelmouse) has acted with complete disregard, demonstrated no moral compass, in fact, he has flown the red dragon, I feel I should vindicate myself, while at the same time (my main purpose) clearly demonstrate Michaelmouse, for all his experience, seemingly knows nothing about growth share stock picking, yet jumps around the TW associated forums causing mayhem while ignoring his own flaws in stock picking. Please see his most recent disasters here. He is thus a dangerous BBM to new investors starting out on the road to ruin.

[slartybartfaster] 20/11/2018 19:47

This Michaelmouse chap has more front than Brighton pier. Play the long game, isn't that what TRAK investors have been doing, after profit warning after profit warning. How many is it...4, or have i missed 1. His double standards are legendary!

[arthur_lame_stocks] 20/11/2018 19:04

Do you mean the ad's massive? Or the campaign's massive? If it's the first then you've got a sort of point, it's quite large. If it's the second then let's face it, it's just one truck.

[dave2608] 20/11/2018 17:48

He goes on to mention how certain building blocks must be passing through the large colon of HSBC.

[dave2608] 20/11/2018 17:21

He's not saying they are in breach of banking covenants or in fact that there are any. What he's saying is that it's hard to believe that one of the loans doesn't come with covenants attached and following the disastrous interims that these covenants haven't been breached. He's offering a semi naked photo of "Thirsty" Paul Scott as a wager. So fair play, he's putting his photo where his mouth is.

[michaelmouse] 20/11/2018 17:16

Cheer up boys and girls :-)



ATB

[knowbodyyouno] 20/11/2018 16:40

How would TW know they were in breach of banking covenants? What reason did he provide?

[dave2608] 20/11/2018 16:08

I doubt their intention is to let the business go to the wall. They have lots of skin in the game and will want it to succeed, probably more than anybody else.

My take on it is they've made a string of catastrophic business decisions which has left them in a right pickle. Ramping up spending on r & d for products that no one seems to want in sufficient quantities to recoup anywhere their outlay must be one of the biggest. To me that was a gamble of huge proportions.

[arthur_lame_stocks] 20/11/2018 15:58

If they really are in breach of their banking covenants as TW claims then they need to make a statement to the market.

[horndean eagle] 20/11/2018 15:56

Think a bit of perspective is required from doomsters who think its worthless. Company has good tech which is gaining traction in the space. The AA are really looking to push Car Genie going forward as a tool to retain subscription. Its even highlighted in their own investor presentation as a source of potential upside. The Lexis Nexis deal is a major deal and is something they are looking to push to their wider audience. Being able to then push the technology to a wider base internationally offers a lot of possibilities. To argue it is worth nothing misses a lot. Board need to execute well. Of that there is little doubt. Thus far they haven't covered themselves in glory but the story may end up being taken out of their hands with an offer. Whether they accept it or not is another matter but it would hopefully show current price to be completely out of kilter with its true worth.

[knowbodyyouno] 20/11/2018 15:39

Perhaps I have too much faith in the BOD (which currently is very little). Who knows, perhaps they will let it go to the wall. I just hope (perhaps beyond all hope) that they pull something out of the hat and it's not a placing.

Time will tell.

[dc2] 20/11/2018 12:25

I have no interest in trying to prove you wrong. You raise some interesting concerns and it may turn out that you were correct, time will tell.