Trakm8 Share Discussion Threads

[trakm8fan] 11/11/2019 21:38

I wanna say 36 grand sounds cheap compared to all the other numbers getting paid but if he does nothing then why is he there and why do we need him?

[knowbodyyouno] 11/11/2019 17:55

Seems to be another NED.

A Deputy Chairman, no less.

[trakm8fan] 11/11/2019 17:29

Oops yes - sorry my mistake. Who then is Keith Evans? Wasn't he in a rock band?

[knowbodyyouno] 11/11/2019 16:42

No that was Bill Duffy wasn't it?

[trakm8fan] 11/11/2019 16:32

No Know

Keith Evans has now left

[knowbodyyouno] 11/11/2019 16:13

Right you are. Let's get them front and centre:

John Watkins - £285k

Keith Evans (NED) - £36k

Matt Cowley - £103k

Tim Cowley - £119k

Jon Furber - £166K

Sean Morris - £106k

Mark Watkins - £152k

Nadeem Raza (NED) - £0

Best part of a million quid per annum.

[dc2] 11/11/2019 15:25

Latest report is where I found the salaries.

[knowbodyyouno] 11/11/2019 14:32

As an aside, the smart breakdown section is still live. I think it's operational. However, I take Blondy's point that it's going to need a concerted advertising effort for it to take off in the numbers required.

[knowbodyyouno] 11/11/2019 14:30

Where is this information available?

[dc2] 11/11/2019 14:05

You made me go and look at the latest salaries. The Cowley's over £100k each and MW on over £150k - WTF! How are any of those worth that?

[trakm8fan] 11/11/2019 13:54

I can accept that JW got s bit arrogant when the price hit £4 and they started throwing money around buying Route Monkey - someone said it was £10 million which sounds a lot. But more recently I'd expect the new FD to have a better grasp of what's going on considering he is paid £150k. Or maybe he is just sitting on his hands and taking the £150k and doing nothing.

[dc2] 11/11/2019 13:03

FWIW I think trakm8 will go back to £1 (£50m market cap, a third of Quartix for similar revenue). They just need to a) survive [lol], b) cut costs and c) stop manufacturing.

[dc2] 11/11/2019 12:53

Knowbody, this could be the problem. They were all very rich when the share price was high and perhaps they have messed things up (compounded the problem - headless chickens) trying to get the price back up when it was circa £1.

[knowbodyyouno] 11/11/2019 12:47

Watkins might be like that, but what of the rest of the BOD? There must be at least a modicum of sense between them? After all, they've continued to throw money at this - even since the recent debacle - and have considerable skin in the game.


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

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

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

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

The FD holds 596,503 shares personally.

Keith Evans the Non-Ex Deputy chairman holds, 381,119

Mr N Raza, of Microlise also holds 278,622 shares, personally.


Of course, that's not a good indicator of the chances of the company's survival - perhaps they're deluded - but I would imagine there must be some notion among them that there's a path to recovery. Either that or there's something more sinister at work or simply sheer and irrational incompetence.

[dave2608] 11/11/2019 10:54

Watkins probably has the mindset of the likes of a CEO of Tesco. Wake up John you're running a small cap. Or is it a micro cap? I'm not sure where one ends and the other begins.

[dc2] 11/11/2019 10:47

Morning Dave, that was my second thought.... To go from £30million down to £19 million implies they are not running Tescos (once you exclude the contract manufacturing they threw away).

[dave2608] 11/11/2019 10:37

Pmsl at post 4339 trakm8Fan.

dc2: They were generating circa £30 million. Now they're generating circa £19 million, so their "stack them high, sell 'em cheap business model" isn't really working is it? I'm not too sure about the credence of your Jack Cohen analogy.

[dc2] 11/11/2019 09:41

Does it really matter about the margins? They install dongles and collect/host the data on their servers (not forgetting the extensive big data analysis they do ;) ). It is not like they have to do much more. Stack them high and sell em cheap business model. They still generate circa £20million.

[trakm8fan] 11/11/2019 08:40

Dave - It is only Blonde guess work that these large contracts have paper thin margins. Don't start believing the Blonde madness.

[dave2608] 11/11/2019 06:54

A takeover would mean taking on Trakm8's debt and those contracts I hear about with paper thin margins. How worthwhile is that for anyone? I mean think about it, even if you paid £0 for Trak it would in fact be costing you several million pounds and rising as you'd be taking on their debt and their loss making activities. Would it not be cheaper for anyone interested in any of Trak's assets to just buy them off the receiver? Microlise aren't mugs. They will have weighed up the options. I suspect they were sniffing blood from the off here.

[nod] 11/11/2019 01:21

Nadeem Raza, Microlise CEO, has been on the Board for 10 months now. Enough time to work out whether a takeover is worthwhile.

[nod] 11/11/2019 01:16

The share price has halved since they reissued their options in March. It is time to reissue them again.

[emptycup] 10/11/2019 20:19

Marty McFly's role taken by Watkins McDongle

Either way, we're stuck with 80s mindset so are completely screwed!