Trakm8 Share Discussion Threads

[knowbodyyouno] 09/4/2019 07:48

You’re a little late to the party. This has been well documented here and not without the well deserved outrage.

[nod] 09/4/2019 03:17

Trakm8I have only just noticed that the options previously issued in 2018, 2017 and before, at exercise prices of 60p and 98.5p and up to 333p, were cancelled and re-issued at 33.5p on 5 March. Mark Watkins, for example, had 250,000 options exercisable at prices upwards of 57.5p and 98.5p cancelled and re-issued last month at 33.5p together with his new options of 125,000. Options are meant to align shareholder value with management rewards. They are not intended to reward declining performance.

[ewanwhose] 08/4/2019 16:28

Great business case ROI as well. Hope that helps to increase selling prices and margins.

[dc2] 08/4/2019 15:38

I'd prefer it if they didn't shout on every contract win - means they can do what they do best as opposed to chasing headlines (I was worried about this at one point as contract wins for peanuts just for headlines are not a great idea). I am not saying that it would not be good to have a strong update.

Great find by the way.

[knowbodyyouno] 08/4/2019 12:41

False start by the looks of it

[ch1ck] 08/4/2019 09:38

Looks like it could pop up

[nod] 08/4/2019 01:44

Or, some shorts are being closed ahead of an update. Shorts take profits too; it's been a rather good year for shorts.

[dc2] 07/4/2019 23:00

Hope so. Need some certainty.

[knowbodyyouno] 07/4/2019 22:00

Update tomorrow?

[dave2608] 06/4/2019 17:44

Yes I think one way or another Microlise will eventually have this company. And they won't be paying a lot for it.

[napoleon 14th] 06/4/2019 14:17

IMO Micro would want shares and a seat or two on the board to make sure things are in recovery mode. They won't be paying much either in case they have to bid later to safeguard their investment; acquire the works + product & get rid of failed management.

[dave2608] 05/4/2019 15:39

Conversely a bad trading update and this could be down to single figures. I'm not too sure why people reckon this is oversold. It currently has a market cap of £10 million. It's loss making, very little in the way of assets, I'd imagine it's maxed out to the limit with credit and the timer has to be ticking does it not as to how much cash they've got left. So if the contracts don't come in before the cash runs out, it's toast or more likely subject to another fundraise, which would dilute current shareholders further.

Another scenario. Is it be possible for Microlise to finance them by way of becoming a bondholder? We've all seen the sad story of Debenhams on that score.

[40toolong] 05/4/2019 13:34

Either people are topping up ISA’s or some good news is leaking out.

Look at the volume....

[tonybaloni] 05/4/2019 11:52

Can't believe I would be excited to see 20p

[knowbodyyouno] 05/4/2019 11:34

Yes - I was tempted to buy on the dip yesterday - but didn't dare! Hindsight eh?!

Now I'll wait to see what happens next week.

[dc2] 05/4/2019 11:29

Friday is certainly turning out better than I thought it would yesterday.

[dc2] 05/4/2019 10:36

axdelta, there is always the threat of competition but in my experience in this industry companies tend to stick with what they know, especially when there is integration across many platforms. This is especially true when the internal staff are reluctant to change even if the management think they can see cost benefits (I speak from recent experience). Of course, this is a double-edged sword as it makes it harder to win new contracts.

Furthermore, companies like Trakm8 are just versions of outsourcing to them. Quartix is a good example of being profitable because of some very long standing relationships.

As for manufacturing - I completely agree and whilst JW's justification sounded good at the time (the ability for quick modifications in the development phase) it just doesn't justify the massive overhead which we then saw when he said the staff were waiting around twiddling their thumbs.

[axdelta] 04/4/2019 19:19

Many areas of this industry have changed dramatically over the last couple of years. Manufacturing your own devices in the UK will never compete with Asia. It’s all about the software.
I have met many senior people in the organisations referred to on this board and can assure you there is no such thing as “supplier loyalty”. They are however, always open to new innovative ideas.

[knowbodyyouno] 04/4/2019 18:18

Whilst you could be right

in 2017 ..you suggested fair value was £2.50 a share...

[axdelta] 04/4/2019 18:02

It looks like the writing is on the wall! Too many much bigger operators in this market.