Trakm8 Share Discussion Threads

[40toolong] 15/7/2019 09:18

IMO,Something will be going on, no smoke without fire with this stock for good and bad reasons....

[mdw1] 15/7/2019 08:25

Patience is a virtue, starting to tick up....

[dave2608] 11/7/2019 15:22

But why such a paltry purchase? Over to you.

[knowbodyyouno] 11/7/2019 15:20

Perhaps another way to look at it might be, why a shrewd businessman with a proven track record would continue to invest in a company, if there wasn't some prospect of success. However, as I said, only time will tell.

[axdelta] 11/7/2019 15:13

Everyone has differing opinions. It makes life interesting!

[knowbodyyouno] 11/7/2019 15:12

I don't make investment decisions based on what I read on BBs, buddy. No sane person does. I called this one wrong (so far), I've never made any bones about that fact. However, I've done a lot of buying around these levels and don't need that much of a spike now to break even or perhaps realise a small profit. Perhaps the jig is up - who knows. Only time and patience will answer that question.

[dave2608] 11/7/2019 15:10

I'll let the rest of the readers of this thread judge who the fools are here.

[dave2608] 11/7/2019 15:02

And as for contributing little of value perhaps if you had of listened to me you wouldn't have been topping up around the 60p mark.

[dave2608] 11/7/2019 14:58

I'm not mocking the purchase. I'm asking what's his motive for making what for him is a paltry purchase. Why would a bloke in his position buy 19K worth of this stock?

[knowbodyyouno] 11/7/2019 14:50

The July 2015 sale was to an II that wanted to buy in at the time apparently. The market seemed to handle it well, since it led to an increase in price - all the way up to the dizzy and unjustified heights of 390. Sadly here we are. I'm not sure it matters why the Micro chap bought in. We can say with certainty he knows more than us mere mortals about the state of the company. It's a small purchase in the scheme of things. However, I'd say the BOD, IIs and Micro have plenty of skin in the game:

Significant Shareholders

MICROLISE GROUP HOLDINGS LIMITED 10,000,000 (20.00%)

MR J F WATKINS 7,768,768 (15.55%)

EDRIC PROPERTY & INVESTMENT COMPANY + Related Parties 3,815,000 (7.63%)

MR J HEDGES 2,438,766 (4.88%)

HARGREAVES LANSDOWN 2,343,452 (4.69%)

MR T COWLEY + Related Parties 2,268,127 (4.54%)

MR M COWLEY + Related Parties 1,994,203 (3.99%)

HSDL NOMINEES 1,715,858 (3.43%)


Percentage of shares not in public hands: 30.0%


At the end of the day, we know this company is a car crash. Dave and others will always mock such purchases - such is their type. Anyone that holds such fervent views on a share they angrily disposed on long ago is unlikely to contribute much of value here. My advice would be to let go, let live and move on. However, the obsession remains.

[squeamish1] 11/7/2019 14:26

Maybe JW is smarter than we give him credit for - looking at director activity he sold 650k shares in July 2015 at £1.57 each!

Sorry I'm just getting back into this stock - I was a very short term holder in 2016. Bought at £2.10 in June 2016, then sold at £2.10 after the results came out in July. I was desperate for this stock to be a long term winner and thought it could be (still might be tbh) but smelled a huge rat at the proposal of a 2p dividend. Couldn't risk supporting a board of a growth firm that had cash flow problems yet thought it wise to pay a dividend, so I got out.

Trying to do some equity value analysis on this now with a view to getting back in - on many metrics it looks like bargain territory but can't work out if it smells right. Does anyone know what the £10.4m of balance sheet goodwill is in the results just published? Is this still from the Routemonkey acquisition? If so frankly I'm surprised they haven't written this down yet given that RM seems to have vapourised.

[dave2608] 11/7/2019 14:15

How is the purchase of £19,000 worth of shares shares relevant? Some of us cynics would say it's a stunt.

[bottomfisher] 11/7/2019 13:57

Agree with blondeamon. An outside director who knows far more about this business than most of us is investingg 20k in Trak. Would like it to have been 100k but it is better than nothing. And to be fair to Watkins et al, which is hard I know, they were big investors in the 20p placing when Microlise took its 20% stake.

[squeamish1] 11/7/2019 13:40

Hi blondeamon I can't see anyone having said Raza's purchase of 100,000 shares was "bad". I said it was nothing, given the context, which is a statement of indifference rather than negativity.

I think it would be dangerous to take it as a bullish signal and would want to see significant exec buying at these levels for that.

[dave2608] 11/7/2019 13:28

"Pour encourager les autres" springs to mind. Placement coming?

[squeamish1] 11/7/2019 12:37

Raza has 10m shares in this through Microlise. A £20k purchase is nothing - if he thought it would cheer up the share price by 0.2p, that "buy" would pay for itself.

The real question is, where are the executive directors and why are they not buying at 19p? If we are to believe their BS this is the bargain of the century and a future 20-bagger. They should be filling their boots and remortgaging their houses.


Furber making a token gesture recycling his holding into his ISA was amusing. Ostensibly a sign of confidence but with no material change to his TRAK exposure. I want to see Watkins sticking his salary into this, and his son too. (of course I would never suggest Mark Watkins was not the best person for a job, just purely coincidental that he shares DNA with the Chairman - much like Ivanka Trump in her position of power in the White House)

[40toolong] 11/7/2019 12:23

Probably wants to recover some of the £400,000 of his previous investment by showing some interest!

[dave2608] 11/7/2019 12:17

And your conclusion?

[knowbodyyouno] 11/7/2019 12:01

Well the Microlise CEO bought more shares yesterday it seems.

[epsomsalts1] 10/7/2019 19:03

Very poor results and the Outlook from the RNS has rung the biggest alarm bells for me:

"so this too makes the expected trading performance of the group to be more significantly second half loaded than ideal". This means that H1 will be car crash

Broken products resulting in recalls, debt too high, assets negligible. I'm out...

[knowbodyyouno] 10/7/2019 18:24

Some form of analysis here:

hxxps://www.stockopedia.com/content/small-cap-value-report-mon-8-july-2019-trak-xar-atqt-fst-490506/

I'm not a member so can't read it all, but the comments section is interesting.

[mdw1] 10/7/2019 12:48

Can’t see it; audited by PWC and they don’t see it going bust either.

This will turn on the new contracts which makes it a long term recovery play if you’ve got the patience to hold on.

First tick up this morning since the results, more to come.