Trakm8 Share Discussion Threads

[nod] 28/11/2018 19:13

https://www.rightmove.co.uk/commercial-property-for-sale/property-76083680.html

[nod] 28/11/2018 19:00

Bulls get very excited when iis buy and shrug it off as meaningless when iis sell. Once a bull always a bull.

[knowbodyyouno] 28/11/2018 18:49

"Kestrel selling out at this low level is dire. Kestrel is clearly convinced there are no gains to be had from here."

I don't think it's that big a deal, actually. Nor did the market, given the price rose 10% on the day of the sale. IIs have many reasons for buying and selling - cleaning up appearances before December reporting, as someone suggested the other day.

Anyway, someone took them all in one go. I'm more interested in who that was.

[knowbodyyouno] 28/11/2018 18:46

"Trakm8 were in the process of selling and leasing back their freehold office premises in Dorset for £500,000.The buyer pulled out when the share price collapsed"

How do you know this?

[dave2608] 28/11/2018 18:40

The cynics amongst us rockafella would think they're gagging for cash. As a matter of interest how much were they selling them for?

[rockafella1] 28/11/2018 18:29

Trakm8 were in the process of selling and leasing back their freehold office premises in Dorset for £500,000.The buyer pulled out when the share price collapsed

[nod] 28/11/2018 18:22

Kestrel selling out at this low level is dire. Kestrel is clearly convinced there are no gains to be had from here.

[rumobejo] 28/11/2018 13:36

gap needs closing at 60p, so don't too excited too early.good new on EE contract should come before Xmas or early next year as they haven't won the award for nothing, right?

[dave2608] 28/11/2018 12:34

Are you sure boom and bust are the two options on the table KBYN? To me the two options seem to be bust or gradual decline. I'm not saying there won't be a rally in the share price. That is a distinct possibility. I expect though that it will be a sucker rally. You can make money out of volatility but it's a very risky game.

[knowbodyyouno] 28/11/2018 10:26

Maybe so. I agree with you. It's extremely risky. But as I noted in a previous post, it won't make much difference to me either way now.
It's boom or bust, unfortunately.

Perhaps a takeover, yes, but I'm not sure how realistic that is with the current state of affairs.

Time will tell.

Thanks for your interest.

Cheers

[arthur_lame_stocks] 28/11/2018 09:44

I think you've made a mistake buying more knowbodyyouno. Don't get me wrong I've done it myself in the past, averaging down to nearly zero, only to watch the share then go bust.

I think this company is in serious trouble based on the accounts and the outlook statement and it's purely hope that would stop anyone selling now.

Turnover has dropped off a cliff and growth in connections has stopped, the balance sheet has net tangible liabilities, the company doesn't generate cash and is losing money hand over fist and debt must be a serious problem.

They're not a big player in a crowded market, is a takeover really what you're resting your hopes on now?

[knowbodyyouno] 28/11/2018 09:34

Just how they're reported sometimes.
Incidentally, No RNS re the 1.5m trade.

[tonybaloni] 28/11/2018 08:48

All the trades so far today are are jumbled up and some appear to be repeated ?? Very odd

[knowbodyyouno] 27/11/2018 15:45

Yes.
I saw that post.
I'm neither hoping for one or expecting one. My hopes/expectations are lower
What I'm hoping for currently, is that Trak can make it through without needing to issues shares and raise cash. Obviously, I would be pleased with something unexpected like that, but I'm not expecting it - neither it seems is the BOD.

[dave2608] 27/11/2018 15:35

People keep getting their hopes up about possible contract wins which will send the share price flying. IMO they're kidding themselves. I'm only going on the words in that latest RNS though.

Crikey I saw one guy on the LSE board saying that he wanted to see big contract wins before Christmas. I mean seriously........

[knowbodyyouno] 27/11/2018 15:33

Yep.
And I guess that's the gamble.
At these levels it's not going to make a huge difference to me if it does fail now. Obviously, I'm hoping it does not. But my guess is as good as anyone elses.

GLA to holders.

[arthur_lame_stocks] 27/11/2018 15:27

And if H2 doesn't improve then this company is in serious trouble.

[dave2608] 27/11/2018 15:23

As I understand it the tendering process in telematics takes months, if not as long as a year. They'd know if any contracts were imminent and reading that last RNS they put out, it doesn't look like it's going to happen anytime soon. They quite clearly state that it won't materialise. I therefore don't see any immediate meaningful contracts. I'm only going on their words.

"Since the Group's trading update announced in September 2018 it has become clear that the improved H2 financial performance, driven by continued growth in the telematics business, will not materialise as the Group anticipated."

[knowbodyyouno] 27/11/2018 15:08

Yes. There will certainly be some taking advantage of the price swings. Pump and dump etc...

I also bought some more at the beginning of the week following what appeared to be a lull in the storm. My own view is it's over-sold.

What will move this upwards, however, is positive news. A contract win, for example, continued silence on the funding front, or even better - a mention of not needing funding this FY, director buys. Someone sold/bought (looks like a sell) 1.5m shares earlier, so we may see an RNS after hours or tomorrow.

Whatever the case, it's a long road back. However, we also know Trak can cover distance very quickly with the right tail winds.

GLA

[dave2608] 27/11/2018 14:58

It gets over 19p and it begins to get flogged off. Some short term traders at work I reckon. Maybe a few pump and dump merchants amongst them.

[40toolong] 27/11/2018 13:48

in a few weeks this might all feel like a massive tree shake....

I predict a 50p+ price before Christmas...

[keepquiet] 27/11/2018 13:40

This time next year Rodney

[kirk 6] 27/11/2018 13:37

This looks set to rocket now the seller is out. Back to 35/40p fair value I would say in the next few days

[tonybaloni] 27/11/2018 13:03

Wish I had spare funds, managed to get a couple of grands worth at 15.35last week which will help the cause a bit