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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trakm8 Holdings Plc | LSE:TRAK | London | Ordinary Share | GB00B0P1RP10 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.00 | 8.00 | 10.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Transportation Equipment,nec | 20.2M | -783k | -0.0157 | -5.73 | 4.5M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/12/2019 14:42 | If Blonde is now beginning to see the green shoots then this is a corner turned. I've been banging the same drum constantly since I joined. This company is not going out of business. They secured several large contracts which took much longer to start shipping than anyone expected. This was just a delay. Direct Line reducing volume caused a cash crunch too. Once these contracts all start shipping we will have a very different business. I saw this delay as a buying opportunity while others have been talking about these contracts being bogus and this business failing. Clearly the market has not really woken up to the potential here as the share price has not even moved. I expect much better results to come and the direction can only be upwards from here. | trakm8fan | |
09/12/2019 13:57 | thanks, as usual I think you have captured it well. It does look like we have turned the corner. | dc2 | |
09/12/2019 11:37 | I was waiting for news about the large contract wins and we had plenty of that. The update mentions these as 4 new insurance customers and only Ingenie has started shipping. Lexis Nexus is named and it says they will start shipping in Jan. So these contracts are happening and only 1 has started shipping. I'd assume these will start shipping slowly at first and then ramp up. Once all 4 start shipping in Anger we will have a completely different business. 45000 for the AA is an extra bonus. That is almost 1000 per week. If Direct Line only ship say 1000 per week now then lets say these 4 new insurance companies all start shipping 4000 between them and then we add AA with another 1000 per week that is massive. Even if these all churn annually that is still an extra 5000 per week or 250000 across the year. That will double the amount of connected units. Surely people can see the potential here. | trakm8fan | |
09/12/2019 10:43 | Quite pleased with that update. If it's to be believed then it sounds like the ship is steadying. They previously overreached, things have been reined in and they now move forward with a leaner more focused company that continues to win contracts in a crowded space. | knowbodyyouno | |
09/12/2019 10:10 | Blondeamon, I own Trakm8 shares and thus, cannot afford to pay for subscriptions - can you re-post here? Also, do you review the financials of the base order of 45,000 devices? Questions would be: 1) Is it a simple hardware purchase 2) If not, do they pay for the hardware up front 3) If they don't, what is the monthly cost and WHEN does it start (when a client orders smart breakdown) etc Caradog, yes the percentages were very confusing but not relevant to the overall picture | dc2 | |
09/12/2019 09:35 | Whoever prepared the financial statement doesn’t seem to understand basic arithmetic. An increase in net debt is presented as a 6% reduction. A reduction in operating loss is presented as a 28% increase. The improvement from negative cash generation of 421k into a positive figure of 1432k is presented as a 440% improvement. This is mathematically nonsensical. By the same token, a company going from a negative cash generation of £1 to £100 positive cash generation could be said to have made a 10,000% improvement! I wonder if the finance director is on a percentage-related bonus. :#) | caradog | |
06/12/2019 19:08 | Why are the Interim Results not out? Over the past five years the interims have been release by 1st December and last year was on 16th November. | nod | |
06/12/2019 17:09 | Peter Theil, zero to one. Create a monopoly. | dc2 | |
06/12/2019 16:46 | You'd also have to dig into why churn is low. Is it because: a. People are locked into your system to a degree / Not wanting the disruption of change? b. You're undercutting your competitors to such a degree and making sweet F.A. in margins? c. You've got a unique product not easily replicable by competitors which adds value for your customers? C is the one to strive for. | dave2608 | |
06/12/2019 16:34 | Well done Mr Market. | dave2608 | |
06/12/2019 16:31 | Finally, the market has woken up with a 532 purchase....have a good weekend everybody | dc2 | |
06/12/2019 16:26 | For the record, I am in the telematics industry and both examples I gave are from first hand experience. Have been a b2b2c customer of Trakm8 (even been to Shaftsbury) since the T2 but rarely now (they made a conscious decision to move away from integrators like us or at least make it more difficult - I think they became fixated on their own server numbers when they went SaaS). To be honest, there are some pretty good tracking devices out there so this is not a problem. | dc2 | |
06/12/2019 16:17 | That's a fair point dc2. Not too sure how far it holds in the telematics industry though. I'd expect churn to be low if this was the case. | dave2608 | |
06/12/2019 16:09 | I have no idea about the churn rates it was just an example. However, from first hand experience I know that once you start to integrate your system into theirs (a client) then it is difficult for them to move without disruption. | dc2 | |
06/12/2019 16:04 | dc2. If clients were locked into the system then churn rates would be low. But the fact is churn rates aren't low. | dave2608 | |
06/12/2019 15:56 | The Intelematics Australia deal was signed in June 2018. The LexisNexis deal was signed in September 2018. Times were good then? Was that really the case? Good in what sense? I'm not convinced that you're on anything else but a wind. | dave2608 | |
06/12/2019 15:53 | I tend to agree with Blondeamon et al that any contracts are likely to be near cost price. Is this a problem? I am not so sure: 1) It keeps the manufacturing staff occupied and paid for (one of my major concerns). 2) It allows for a land and expand business strategy. Even if it is just contract extensions I have noticed things come down in price so margins can be improved (take data packages as an example) and more so when the client is locked into the system [I went to a meeting with a large distributor whose management wanted a cheaper solution - they lost out to the staff liking the existing system, training costs etc]. 3) It allows them to give re-assurance to potential new clients (hey look, the AA use our product). FWIW, I do think the BOD are greedy and arrogant. If you give them the benefit of the doubt and assume the events that unfolded 12 months ago were out of their control then it still begs the question of why so much remuneration. I also think that the first casually of a BOD change should be Maddie (big data director). A company this size needs one technical director at most, not two. I would also question why MW and JW's roles couldn't be merged (sorry Trakm8Fan if you are one of them) - you're going to tell me that JW is part-time. | dc2 |
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