Trakm8 Share Discussion Threads

[dc2] 19/5/2019 17:50

Ok, I see it now. Thought you had new information. The fact that the AA still refer to car genie is enough for me for now.

[dc2] 19/5/2019 17:25

From the AA's annual report (signed 2 April 2019) - Page 5

www.theaaplc.com/~/media/Files/A/AA-Plc-V2/results-presentations/2019/annual-report-and-accounts-2019.pdf

"During the year, we invested in developing and launching many new improvements to our digital offering including the connected car proposition. In FY20, we shall be launching our Smart Breakdown membership through which we will roll-out our award-winning Car Genie"

So where did you get the "reset...." information from (I would be interested).

[knowbodyyouno] 17/5/2019 13:44

One was cancelled.

You can see the codes on the London Stock Exchange website.

[dc2] 17/5/2019 13:05

Anyone understand those weird trades. Eg. 25k buy followed by a -25k buy followed by a slightly higher 25k buy. Not the first time I have seen these. What are they?

[40toolong] 16/5/2019 11:40

8x EBITDA is not great for the sector

[knowbodyyouno] 16/5/2019 10:53

Yes.
Although we don't necessarily want a buy out based on current performance and share price

Event looked busy yesterday. Let's hope it at least produced new leads.

[epsomsalts1] 16/5/2019 10:00

Bridgestone bought Tom Tom telematics a few month ago, now Michelin buy Masternaut.
There are some big players in the market buying up telematic companies with big customer bases and good tech. Trakm8 next ?
hxxps://www.fleetnews.co.uk/news/fleet-industry-news/2019/05/16/michelin-acquires-masternaut

[propertywilly] 16/5/2019 08:59

The point being missed here with telematics insurance is that detailed access to a vehicles internal systems isn’t needed to give a relevant risk score on an individual.

An app installed on a smart phone or a cloud connected dashcam will give sufficient metrics. OBD devices are just too much hassle. Have you seen the installs where they have to use a cable to relocate the tiny black box as it won’t fit? A right mess.

This is why I’m surprised Trak have invested so much in this new product. Also, surely any company with a decent brand isn’t going to want to send out a non-branded product to consumers?

Fleet I get it, breakdown sure - although it’s interesting that over the last two years shipping CarGenie less than 15k devices have been installed! And that was with support of targeted TV advertising and PPC. Also, why over the last two years has no trial data been published? This would surely boost the confidence of TRAK investors. Eg, over the trial we saved the AA £x by predicting x breakdowns - or perhaps not?

With SmartBreakdown go live delayed by nearly 6 months (and counting), I really hope for JWs sake it eventually pulls off.

[emptycup] 15/5/2019 17:14

Are they doing any algorithms for the insurers? For the PH yes, a simple rag report will do, but DL did not take the big-data machine-learning from Trak did they?

Trak has the aspiration to produce 1m of the units but it seems DL has backed-off with the purchase or do you know more? Clearly the optimism of black-box telematics faces challenges from a number of areas:
- Phone-bases apps (Aviva)
- The plethora of dash cams and some discounts offered for having one fitted
- The fact with a bit of shopping around, I reckon you can get a non-BB policy for the same

[dc2] 15/5/2019 12:12

Thanks, I get that but am surprised there are so many peeps that sell car insurance - I'd always assumed that the top 30 or so where pretty much owned by a couple of larger ones. To be fair, I do not know the market and trust (yes, I used that word) Trakm8 to know what they are doing - so good news.

[dc2] 15/5/2019 11:16

Hi Blondeamon, what do you think the market is for this.....to be honest I do not completely understand what they are offering. I understand why Direct Line might insist on having a black box but not a broker - perhaps I have misread it.

[knowbodyyouno] 15/5/2019 10:29

BIBA 2019 Stand looks good to me - although a little more conservative that CV show offering.

[emptycup] 14/5/2019 08:19

Blondy - where do you get the insurance optimism from? There's been nothing to underpin that in the updates and seemingly, the telematics-led policies are nowhere near Trak's targets. Wasn't the manufacturing facility gearing up just for that market - suspect they should have outsourced and concentrated efforts and cash on the solution set. This sector is so competitive now: just a tour of the CV show demonstrates the number of camera systems facing the road and now the driver. Add that to the pure telemetry and fleet reporting, and they might just get things right, but they are not going to compete with 500 RHs; they need many 1000s shipped to offer robust solutions. But, and this is the most worrying point, I just get the feeling this business is being led by engineering and not what the customers are demanding.

[dc2] 13/5/2019 11:36

This stuff does make me feel more optimistic; unfortunately, the market does not agree :( I think we need some indication that they are not just burning cash