Trakm8 Share Discussion Threads

[dc2] 02/4/2020 15:37

Another news item

hxxps://www.trakm8.com/news/trakm8-helping-insurers-keep-data-flowing

Reads well but I do wonder if they are being a bit optimistic about (new) client needs right now.

[knowbodyyouno] 31/3/2020 17:35

Agree, it's positive re a shake up of the board, but would still be interested in the underlying reasons.

[dc2] 31/3/2020 16:55

Naturally, I fall into the recent BOD shake up as a positive - baby steps mind as the Watkins and Cowleys need pruning.

[knowbodyyouno] 31/3/2020 16:33

Yes, I saw that. Not sure whether we should read too much into it, or not. The commentary seemed slightly odd - 'short sabbatical' tends to imply a return of some sort at some point. But then why resign? Bound to be some who see this as a harbinger of doom, and others who dismiss as meaningless. Not sure which camp I fall into at the present.

[dc2] 31/3/2020 16:05

Sean Morris has resigned

[horndean eagle] 30/3/2020 17:21

Think the commentary might be getting overly negative. The second half of the year was much better. They have good recurring revenue and have taken a lot of cost out of the business. The AA are finally pushing smart breakdown. Working capital position should be much better now they have delivered the first large batch of units to AA. They are obviously going to have issues with new client wins whilst the country is in lockdown. It is a shame covid kicked off when it did. Things were actually starting to look much more positive than they had done for a very long time. Hopefully that momentum can pick up pace once things start getting back to some form of normality.

[tonybaloni] 30/3/2020 12:42

At this spread you show an immediate 20 percent loss Crazy times

[dc2] 30/3/2020 11:49

Agreed, although I cannot see a positive future for anything at the moment. Personally, I am surprised to see Trakm8 rising on small volumes.

[knowbodyyouno] 30/3/2020 11:46

AA are providing a trading update tomorrow, so we may gain some limited insight into market conditions.

[10p here we come] 27/3/2020 09:01

Could that be because they don't like your name?

[1 pound here we come] 27/3/2020 08:58

Boo hoo. IG won't let anyone Short this dog.

[knowbodyyouno] 27/3/2020 08:23

No, he's definitely been appointed to the BOD as a Exc Director. Yesterday's RNS is the second in a series of mandatory notifications. The website may be slower to catch up (particularly, if media relations boss - 'Karen' is working from home and juggling childcare and so on).

Yes, given their earlier statements suggesting that the second half was where the weight is, I think most has been achieved in H2. I suspect we'll also get a more detailed trading update in April.

[trakm8fan] 27/3/2020 08:03

I checked the board page here and this new guy isn't mentioned so possibly a director in job title only.


hxxps://www.trakm8.com/investor-relations/board-members


If they were making a 2m loss and this year they make a small profit then that's a massive turnaround. Especially if it's all been achieved in H2. We know there were cost savings of 800k - can't remember exact number - which makes the maths simple because then it's extra 1.2m in revenue or 100k per month over 12 months. But if that's just in H2 then it's more like an extra 200k per month. If it's been ramping up over H2 it could be more per month now which if continued all next year would see an extra 1m to 2m in profit by the year end. Hopefully this will be clearer once the results land.

[knowbodyyouno] 26/3/2020 14:07

Post from the new BOD appointment:

Keeping moving in a time of crisis

hxxps://www.trakm8.com/news/keeping-moving-in-a-time-of-crisis

[trakm8fan] 25/3/2020 10:38

If you try to buy 50000 then the price is 14p and sell is 10.1p.

[dc2] 25/3/2020 09:49

Tried to buy some today (just as a test), Halifax would only allow me to get 1,000 (nothing larger) shares at 12.94p. Probably nothing but hopefully a meaningful sign.

[dc2] 24/3/2020 09:29

QTX have released a TU which gives a little insight into the situation



Trakm8fan, I assume that 16p was an average price.

[knowbodyyouno] 23/3/2020 16:32

Yes, they were tweeting about this earlier as well. Fleet may become a little precarious, but car insurance (and Trak represents the foundation of the product (reduction for young/careful drivers)) is one of the more bullet proof industries, in difficult times. Those I know who work in insurance have said, so far it's very much business as usual - just from home. That said, if it went on for months and months, it could be more precarious.

[dc2] 23/3/2020 14:54

from LinkedIN

"As the COVID-19 situation continues to evolve, we would like to confirm that here at Trakm8, our assembly plant is fully functioning and we are operating business as usual. We recognise the fantastic work our stakeholders are doing and we’re dedicated to being right there beside them. To read our full COVID-19 customer statement click the link below."

hxxps://www.linkedin.com/company/trakm8/