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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 0.0% 14.50 13.00 16.00 14.50 14.50 14.50 28,319 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 19.1 -3.6 -6.2 - 7

Trakm8 Share Discussion Threads

Showing 6201 to 6224 of 6600 messages
Chat Pages: Latest  252  251  250  249  248  247  246  245  244  243  242  241  Older
DateSubjectAuthorDiscuss
24/12/2019
14:00
trakm8Fan "When do I think this will be?" I have absolutely no frigging idea when they will hit full capacity, if indeed they ever will. And as for going bust, then without the £3 million share placement last year and the £1.4 million loan recently then I suspect it very much would have been toast. Anyway Merry Christmas to all posters. Have a good one.
dave2608
24/12/2019
11:13
trakm8Fan, do you have a link which suggests the building is leased but empty? I knew they took the building and I knew they were going to lease new equipment to automate more of production. However, I do not recall any reference to the building sitting empty and I even inferred that they were using it because they referenced automation as part of successfully cutting costs. Thanks.
dc2
24/12/2019
09:09
Filter me by all means. I was the only person not saying the large contracts were bogus and the company was going bust. Why is that? If I am Mark Watkins and I was still the only person telling you the large contracts were not bogus and the business was not going bust then why would this make you filter me? As far as I can see it I was the only person who read this right. If anything you should be filtering the people who got this wrong. Continue reading the misguided waffle from the people who were saying this company was going bust and the large contracts were never going to happen. But wait they have all changed their tune now.
trakm8fan
24/12/2019
08:58
Dave We know they rent the larger space. We know this will become their expanded / larger manufacturing facility. They will need to do something with it at some point. They will need to do this before they start hitting capacity with their current facility. When do you think this will be?
trakm8fan
23/12/2019
16:48
Haha nice one, Merry Xmas and happy 2020 with better TRAK returns hopefully.
blondeamon
23/12/2019
16:01
Whether is he an insider or not Merry Xmas to all. Let's hope 2020 is better for those of us with Stockholm syndrome.
dc2
23/12/2019
15:13
I'd filter trakm8fan, his posts are pure drivel. He's probably Mark Watkins disguised, earning his fat salary :)
blondeamon
22/12/2019
09:17
Trakm8 Fans Lets not forget where we are. I joined this board recently because I kept seeing talk about this company going bust and that the large deals were bogus or fantasy. Now we know the large deals are starting to ship but were delayed causing a cash crunch which still exists. Trakm8 sill need to order all the components to make all the trackers for these large orders which are now starting to ship. They order these from abroad right and there might be lead time differences in their supplier's order time compared to their promised customer delivery time and lets not forget manufacturing time. So this might require extra stocks of these components ordered ahead of time and possibly even the finished goods being manufactured ahead of time and kept in stock. All of this requires extra working capital. If you thought this business was going bust then you surely know they dont have much working capital. Scaling up for large customers always requires extra working capital. That is the same for any manufacturing business unless it has a well organised just in time setup. They might also be thinking about getting started on their bigger manufacturing facility sooner rather than later. You dont want to tell new large contract customers you cant meet their demand. Small businesses can quickly get into hot water when they start dealing with massive customers ordering massive volume. Thats all I see here. Yes the lack of working capital is bad but securing a loan for extra working capital is surely sensible if it is being used to scale up for the much much larger volumes being ordered and about to start shipping. I definitely prefer a loan to more dilution. I am pleased to see the business getting ready for what is going to be big volumes.
trakm8fan
22/12/2019
09:02
At 23p this is worth the punt that it could turn around. If the AA 45k units go fast and they keep coming back for more, the Insurance devices will start to go up fast like Fleet already is. And AA insurance is not live yet, in 2020 it also will. So with renewed investment optimism in the UK TRAK has AA, Lexis, Ingenie, By Miles and Altrad asking for more devices at the same time. Success begets success, new contracts will follow from the pipeline. Higher pound and consumer confidence will also both help. Just imo /dyor
blondeamon
22/12/2019
08:57
If a company can survive but not grow much with the cash it has and suddenly gets an influx of orders what is it supposed to do? Dave I guess you know how telematics supply chains work? TRAK takes all initial costs out of pocket, builds devices and then customer gets them on monthly fee. Break even is 7-8 months later, that's when they become profitable. You realise that this is a huge cash drain for such a small company right? Right now a small interest rate loan was needed to tackle this. There's time for pessimism and I was first to point it out, this is not now. Now they finally have 3-4 clients asking devices at the same time. Fortune is changing here, keep a clear mind and you can see this. Think for a second that TRAK becomes profitable again from now on and the losses are gone. With a market cap of 8m this could be the biggest turn around story on AIM. It'll take 1-3 years though assuming orders keep coming in and optimism is back on the market with Brexit resolved. I think 2020 will see all those businesses withholding investment finally going for it.
blondeamon
22/12/2019
02:32
"If you are a large company considering a long-term commitment to a supplier, you would do due diligence on their financial situation. It's possible that the loan is to satisfy a customer that TRAK has ample working capital available and isn't going bust in 2020." But they needed a loan to satisfy that they had ample working capital????????????
dave2608
21/12/2019
14:47
Indeed, and that sense would hopefully inform decisions made by the likes of ingenie and Lexis.
knowbodyyouno
20/12/2019
22:43
If you are a large company considering a long-term commitment to a supplier, you would do due diligence on their financial situation. It's possible that the loan is to satisfy a customer that TRAK has ample working capital available and isn't going bust in 2020.
nod
20/12/2019
16:34
My mind says none of that really matters. Somebody with more knowledge than any of us did their due diligience and decided the risk of loaning money was worth the reward. It is a government backed incentive scheme so I doubt it is a payday loan.As for microlise, if they loaned money it would be for equity.
dc2
20/12/2019
13:46
It seemed obvious that they were running out of cash and I wondered how they were going to overcome this situation, then up pops this loan. "a £1.4m (net of costs) Growth Capital Loan". Again a statement released that's open to interpretation and leaves you scratching your head. You could ask many questions. For starters: Net of costs? What are the costs? Well I bet they are fairly substantial. Are the costs deducted from the £1.4 million leaving less money raised? Or is it £1.4 million raised with the costs added to form a higher principal? Or are the costs taken from some other pot? What is the interest rate? I bet it comes at a premium. It is being suggested on here that the loan is for short term working capital purposes before apparently the contracts start kicking in. But Like EpsomSalts1 points out "If they are in such a good position for future cash/ profit generation then why wouldn't Microlise put some more money in?" Indeed why wouldn't they? Why let a company that you own 20% of incur costs when you can just temporarily loan them the money? You've got to admit it doesn't seem to make a lot of sense. I'll let your collective minds ponder.
dave2608
19/12/2019
13:17
You are correct - I misread the page - it is fixed interest.
dc2
19/12/2019
13:05
Well, it's obviously not for zero interest. However, there are some interesting testimonials from people who seemed to get the loan to pay for a ramp up in production / demand. Anything Trak does I take with a good pinch of skepticism, however. Just have to wait and see how it plays out.
knowbodyyouno
19/12/2019
12:57
Regarding interest rates. If I have got the correct company then this is part of Midlands engine investment fund. One of the sites hxxps://funds.mavencp.com/meif/west-midlands states 0% interest rates [THIS IS WRONG - FIXED INTEREST] Got Maven from https://beta.companieshouse.gov.uk/company/LP018463/filing-history. Duration is 5 years with no early payment penalties (if the above is true and the duration is from the RNS)
dc2
19/12/2019
09:36
I still think that being trusted with a loan is a positive (unless it is by a loan shark) but I do wonder about their intentions with it. If this is purely for short term working capital then why make it five years. Are they due to repay another soon so this also works as some form of swap. I hope Blondeamon is correct and if so, I think we should hear good news over the next few months which will confirm their assertion of financial stability and growth.
dc2
18/12/2019
10:49
If you check the provider of the debt, it has very strict due diligence criteria to give loans to. I am sure they would have sniffed a 'trying to survive' situation. What I don't like is not saying what the interest rate of the loan is.
blondeamon
18/12/2019
10:37
I have to say I agree. I'm not sure how more debt = positive. If it's for a specific purpose, I wish the BOD would be more open about their intentions. However, it's good that secured some 'growth capital' funding (usually code for expansion and/or restructuring, funding) and without going back to the market once again and also that we're within a "period of stabilised revenues ... with the group returning to growth".
knowbodyyouno
18/12/2019
10:32
It could well be but they just received 1.01m in tax credits, they didn't have immediate need for cash. I don't think that's the case but who knows. AA, Ingenie, LexisNexis, Altrad and Plumbase are all starting at the same time. It could genuinely be that they are ramping up production massively and need working capital.
blondeamon
18/12/2019
10:03
Delusion. If anyone thinks taking another loan out is good news...If they are in such a good position for future cash/ profit generation then why wouldn't Microlise put some more money in ?They are running out of cash - simples
epsomsalts1
18/12/2019
08:03
If AA wants 20k units, Lexis Nexis another 4k and Ingenie 1-2k then they'd have to get very busy very fast and build these. Cash will be an issue short term. If it was just staying afloat, the 1.01m from the tax credits would be enough. I read it as positive.
blondeamon
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