Trakm8 Share Discussion Threads

[gwr7] 09/1/2019 17:12

"Modest attrition in one of the Group's significant insurance customers"

Is that referring to Direct Line I wonder? I've heard they used to base premiums on driving performance but now you get penalized for driving in the wrong place or at the wrong time of day regardless of how well you've driven. It reminds me of the "Not the nine o'clock news" sketch where the bobby books a bloke for wearing a loud shirt. It wouldn't surprise me at all if insurance customers are ditching the trak devices. With negative tangible assets this looks a dog.

[dave2608] 09/1/2019 16:27

Re post 3452. "and the tech was always top of the market". A quite astonishing claim. Backed by what exactly?

[dave2608] 09/1/2019 12:40

Bango too big a risk for me ONJohn. Especially with revenues around the £3 million per annum mark.

While we're pumping the shares that we own, why not take a look at Kape technologies KAPE)? They are transitioning themselves from a pure play ad tech company to a player in the evolving cyber security market. Cyberghost was acquired in March 2017. There have been two acquisitions in 2018: Intego and ZenMate, with both integrations according to reports, ahead of management expectations. £62.7 million in the bank, so plenty of firepower for further accretive acquisitions. I'd say Cyber security as well as a growth story is in a defensive sector too. Were still going to need cyber security in the event of a down turn are we not? I'd suggest that it is becoming more and more pertinent. A company worth looking into IMO.

[onjohn] 09/1/2019 11:52

Bango in bargain territory
Simon Thompson

Simon Thompson
Shareholders in Aim-traded Bango (BGO:110p), a provider of a state-of-the-art mobile payment platform enabling smartphone users to charge purchases made in app stores straight to their mobile phone account, have endured a rollercoaster ride since I first advised buying the shares, at 93p, two years ago ('Bang on the money', 26 September 2016). Having almost trebled in value to 266p by January this year, the share price has headed south since.

[dibs61] 09/1/2019 11:51

blonde - these are the latest figures off morningstar uk. Might not be completely up to date.

Mr. John F Watkins - 7,768,768 15.55
Edric Property & Investment Co Ltd - 3,530,308 9.79
James Killingworth Hedges - 2,152,626 5.97
Mr. Timothy Adam Cowley - 2,268,127 4.54
Kestrel Partners LLP - 1,543,585 4.28
Hargreave Hale Ltd - 1,459,070 4.05
Matthew Cowley - 1,994,203 3.99
Miton Capital Partners Ltd - 1,246,819 3.46

[horndean eagle] 09/1/2019 11:33

It is very well bid at the moment so the tide has turned. There isn't really much of a free float left. Stale bulls pretty much sold out post pw so once we start to see meaningful progress the shares should move up pretty quickly. Market hasn't really factored in what Microlise bring to the table and the shares are only up about 10% from their subscription price.

See there are still plenty of detractors around. Given its track record it is perfectly justified but there are real grounds for optimism.

[allstar4eva] 09/1/2019 10:55

Blonde Where were your spider senses at £1.50?

[smithie6] 09/1/2019 10:36

....hopes for 2019

..well Im hoping for an order or 2 in India due to Microlise's existing sales & contacts there and due to Nadeem Raza who looks to have Indian blood.

[horndean eagle] 09/1/2019 10:17

I think the management accept Microlise is a much better run business and will be receptive to their ideas and suggestions. The Question really is how much input Microlise will want to provide. Sending in the CEO suggests quite a lot. Should hopefully be a much better year ahead.

[knowbodyyouno] 09/1/2019 10:13

Agreed Bottomfisher.

I read that comment as a curt nod to those with concerns about nepotism.

[bottomfisher] 09/1/2019 09:59

Most encouraging line in the announcement of Microlise ceo Nadeem Raza's appointment to the Trak board is John Watkins' comment that Raza will provide a 'vigorous challenge to the executive team.' Given Watkins's age (66) it would be great for Trak's long suffering shareholders if he finally decided to take a back seat and hand over the running of Trak to the 51-year-old Raza.

[knowbodyyouno] 09/1/2019 08:46

Seems to hold a small amount, personally, as well. Be interesting to know when these were purchased. Presumably, before deal - otherwise we would have had a director buy RNS - like when the other NED purchased some years back.

[tonybaloni] 09/1/2019 08:06

Nice see Microlise have sent their big guns

[dc2] 08/1/2019 16:42

let's hope you achieve this by having lots of money to do it and not because the share price crashes (even more) ;)

[dave2608] 08/1/2019 14:49

blondeamon 1,000,000 (2%)........

Lol, only kidding. Although he's had a fair few top ups.

[dc2] 07/1/2019 16:20

agreed, I was always worried he may be depressing the price by selling but clearly he was not.

[bottomfisher] 07/1/2019 15:51

The decision of almost all the directors, including the non-execs, to back the recent capital increase has already been commented on favourably. However, by checking recent changes in Trak's shareholders on the company's website, it also looks like James Hedges, the former finance director and Trak's third biggest shareholder before Microlise took its 20% stake, also invested around £80,000 in the latest capital increase. His stake has slipped from 5.8% to 4.9% but the fact that he remains a sizeable shareholder and
participated in the latest capital increase is a mildly reassuring sign that current and past members of Trak's board retain faith in the company's long-term survival.

[smithie6] 07/1/2019 13:55

one thing I note in the trades today is that very few sell trades (is it just 2 versus is it 7-10 buys)
& hence the MMs have moved the price to buy from 24p to 25p not 1 buy reported above 24.0p ....so imo they want to dissaude buyers...& hence give themselves time to get some sales to balance/supply the shares bt today at =<24p

[horndean eagle] 07/1/2019 13:15

Should see a steady flow of good news in the coming months as Blondemon has alluded to. The AA is an important one. If we are lucky we might start to see details on how the microlise tie up is going to work.