Trakm8 Share Discussion Threads

[woodcutter] 10/7/2019 09:42

Going bust in my view. QTX will pick it up off the administrators at some point principally for their client base.

Watkins destroyer of value

wc

[orange1] 09/7/2019 20:13

What an inspiring announcement this afternoon, proof if any is needed that the company has its business and financial affairs firmly under control. Often companies display a lack of attention to detail. Not TrakM8. They are on top of everything.

"Further to RNS No. 7132E released on 8 July 2019, Trakm8 plc advises that Diluted earnings per share for the Year ended 31 March 2019 as set out immediately below the Consolidated Statement of Comprehensive Income should read (6.20p), not (6.02p) as stated. In note 9, Earnings per Ordinary share for Year ended 31 March 2019, Diluted weighted average number of Ordinary shares of 1p each should read 40,397,188, not 41,629,797 as stated, diluted loss per share should read (6.20p) not (6.02p) as stated, and Adjusted diluted loss per share should read (1.89p) not (1.83p) as stated."

[knowbodyyouno] 09/7/2019 20:09

Absolutely not. But I’d be surprised if they were purchased at these lows.

[mdw1] 09/7/2019 18:35

All of 275k, worth around £47k; hardly a fortune!

[knowbodyyouno] 09/7/2019 11:58

Much higher volume today - someone is certainly unloading these shares.

[knowbodyyouno] 08/7/2019 18:07

Looks like the venture was launched back in 2016. I believe Trak also have a contract with Intelematics. Both here or in the EU and in Australia. Sure Blondemon can correct me if I'm wrong.

[knowbodyyouno] 08/7/2019 18:03

No wonder they're on the verge of being washed away by a Tsunami of debt.!

[axdelta] 08/7/2019 17:29

It’s relevant because the AA look for and progress multiple solutions to similar issues. Many never get rolled out to full membership.

[knowbodyyouno] 08/7/2019 16:50

Could you expand on the relevance of that please?

[axdelta] 08/7/2019 16:43

When thinking about Trakm8 future it is worth knowing that for some time now the AA has had a Joint Venture going with Intelematics called Intelematics Europe.

[40toolong] 08/7/2019 12:14

I know, just makes you think what would be possible if there was actually some good news out there!

[knowbodyyouno] 08/7/2019 12:03

63,000 of 50m shares.

[ewanwhose] 08/7/2019 11:17

Not even that - the 18s (apart from maybe the first 2) are likely to be buys.

[40toolong] 08/7/2019 11:12

It’s only £13,000 worth of sales.

Let the next couple of days tell us what is really going on.

[knowbodyyouno] 08/7/2019 11:08

"We expect a positive response from the share price in early trading to reflect an improved
risk profile."

Crikey. Whoever predicted/wrote this, off the back of this RNS, should be fired. I'm guessing it's a research note from Arden?

[ewanwhose] 08/7/2019 10:43

Didn't see any reference to Microlise - no synergies reported and no reference to their support.Wonder if that's now seen as a hostile stake?

[horndean eagle] 08/7/2019 10:22

Not sure I would trust Arden to manage any discretionary money. TRAK not done themselves any favours here. Today's commentary sounded like another profit warning but in fact they were only re-iterating market expectations. I guess they could be taking a different approach and getting in their profit warnings in ahead of later in the year.

Trakm8 reported an inline set of FY19 numbers and management
reiterated its FY20E guidance. We highlight that this is in the context
that: (1) the platform has been strengthened with £4m of cost efficiency
delivered over FY18-FY19A; (2) recent contract wins in Insurance; and (3)
growing momentum in Fleet. On our (unchanged) forecasts, the group
is poised to see a modest uptick in revenues drive a return to
profitability and reduction of net debt in FY20E. We expect a positive
response from the share price in early trading to reflect an improved
risk profile. We have a Neutral rating on the stock with a PT of 40p.

[knowbodyyouno] 08/7/2019 10:21

I agree - typical jam tomorrow RNS. Particularly worrying in my opinion is the second half weighting that's reliant on a number of factors, that seem to me outside of Track's control. We've heard this before. Also makes me wonder whether another cash call will be needed in the meantime.

However, I think the 18% drop for the sale of £10K worth of shares seems a bit overdone. Perhaps there's a big trade going on in the background.

[emptycup] 08/7/2019 09:09

Don't know where to start... a lot of worrying stuff and the 820k of product issue rectification/comms costs doesn't help. Wonder if that's RoadHawk?

[dave2608] 08/7/2019 08:00

Indeed, the future's bleak, the future's Trakm8.

[bullsvbears] 08/7/2019 07:56

Underwhelming results... Debt up, cash down. A failing business.

[tonybaloni] 08/7/2019 07:56

More doom and gloom