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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
  7.00 41.18% 24.00 23.00 25.00 25.50 18.00 18.00 771,646 16:10:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 19.6 -1.7 -2.2 - 12

Trakm8 Share Discussion Threads

Showing 6501 to 6522 of 6650 messages
Chat Pages: 266  265  264  263  262  261  260  259  258  257  256  255  Older
DateSubjectAuthorDiscuss
03/5/2020
17:40
Thanks mm ..simply couldn't let that nonsense stand unchallenged.
knowbodyyouno
03/5/2020
17:20
Good post Knowbodyyouno. We must have posted at the same time. :)
michaelmouse
03/5/2020
17:11
As regards insurance companies, By Miles (a Trakm8 customer) are still getting fantastic reviews. They're ideally placed in the current "lockdown". What's more interesting though is that their business model has opened up a huge new insurance market for Trakm8 to exploit. Until this point insurance telematics has been about younger drivers. However, "By Miles" have sensibly seen a large market in the lower mileage drivers. How long before other insurers extend their telematics policies to include these low mileage drivers? Not too long I'd imagine given the numbers signing up to "By Miles" and their terrific reviews and glowing references to the accuracy, ease of use, and other features offered by the plug in device and connected app.
michaelmouse
03/5/2020
17:04
Yes, the nefarious history of this BOD is well documented and understood. Yes, the numbers could do with a little more transparency and unpacking. Yes, the company is still in a fairly precarious position; although certainly not to the extent it was. However, what you're saying is straying too far from the reality of things for me to let it pass without comment. All fleets are not grounded. We also know that the vast majority of fleet contracts aren't for one month - no business could operate on that kind of model for long. We've seen no large cancellations, but rather two 5-year renewals and Iceland Foods upgrade their fleet. Another large food retailer was about to come onboard. Expect that to happen Q1/Q2. All the insurance companies are now rolled out and that happened in the last couple of months - the roll out continued AFTER the onslaught of the virus but before the lock-down. Also seen two NEW insurance companies sign up. No insurance company is giving insurance holidays and on what basis? Oh I'm doing less miles than I thought. That's not how insurance works and you know it. The response is simple - tough - oh and if you want out,there's a cancellation admin fee that's worth more than you continuing for a couple of months whilst your mileage is down. I'm not driving as much but I'm still driving and guess what? My 18 year old neighbour with Box insurance is out and about all the time. Loves his car, and will certainly not be giving it up any time soon. Admiral gave customers £25. Others were expected to follow suit - they didn't and now with the reopening of the country about to begin, they won't. If anything people will be eyeing products like ByMiles AND more importantly many will be reluctant to get back on public transport, so guess what, they're going to need their cars more than ever. They're going to need insurance and breakdown cover. Oil price is almost meaningless as it just translates into a just few pence at the pumps. The saving is also a saving in percentage terms so it doesn't really matter what the retail cost of the fuel is to a take advantage or it. However, Trak's solution provides fleet much more than a simple fuel saving - a saving most companies would welcome.
knowbodyyouno
03/5/2020
14:49
Oil has tanked...no need for telematics to save fuel. 2 months that all the fleets are grounded...who needs telematics when the fleet is parked. Companies are rushing to cut every imaginable costs immediately...first thing in the list of every CEO is an easy monthly contract from Trakm8. Click a button and you're off the payroll...the beauty of SaaS. Everyone asking for insurance holidays for the car insurance....so no premiums paid. Telematics insurance policies might be cancelled if it shows your car is not moving. There will be mayhem with Direct Line and others for everyone with a TRAK device to prove that you are still in the house and haven't simply unplugged it. Trakm8 could barely survive on the good years, right now they must be facing insane losses in the millions and scrambling to find a buyer for a fire sale. Guess won't be too long before you see an RNS with some catastrophic news. Those of us here long enough know how this board works.
blondeamon
02/5/2020
17:52
Dave ... If for argument's sake they did £5 million of sales in the final quarter. VAT at 20% means they owe £1 million to HRMC ... this assumes they have not spent much. If however they've spent say £4 million on VAT rates goods then they only owe HMRC for VAT on £1m so only 200k. If we know they made no profit and just about broke even then we know their costs matched their revenues so they must have spent the £5 million on VAT rates goods or salaries. So yes they may have a bit of extra cash which they owe the HMRC but it won't be based on £5m. Absolutely impossible. Now let's talk again about cash flow. This business gets paid over a period of 12 months minimum for the goods they supply so they spend on parts, they manufacture goods, they sit on these for a short time hopefully but it might be months and then they are sold. If an insurance company buys then do they pay an initial amount which is higher or the same monthly. Let's hope the first month is higher but how long till it pays. Is it 30 days or 60. Then they pay monthly for the service and again this could be 30 or 60 days - we dont know so it's all guess work. So what we do know is this business has only just started making a profit. So its probably fair to assume that the profit per deal isn't a lot based on their current volume and therefore probably doesn't come till the end - by that I mean the money coming in at first will just be covering their costs. So let's say the actual profit doesn't arrive until month 12 and let's say the insurance co pay on 30 day terms so its month 13 in effect. So I would suggest that if this business is only making a small profit at the moment then they have to spend cash to buy parts and make goods which may sit around for a while until they are sold and then the cash will drip back in over a period of months until the cash profit arrives in month 10, 11, 12 or later.
trakm8fan
02/5/2020
14:33
Just read KBYN's comment about a £1.1 million tax rebate. What with the taxpayer funding their furloughed workers and a rebate on top. I wonder if the TaxPayers' Alliance are aware.
dave2608
02/5/2020
14:07
Well dc2 in their RNS of 18th December they state the loan was to fund potential working capital requirements. No mention of it being used to pay off another loan. Note the wording POTENTIAL working capital not working capital. It's implying that the money is for some maybe soon in the future extra costs, maybe jacking up production like trakm8Fan has been implying to meet shipping orders. Trakm8Fan says words to the effect of that they don't want to be caught with their pants down when this happens hence the loan. But again this doesn't stack up because the cash on hand surely should be a lot higher. £1.4 million loan (for POTENTIAL working capital needs) + Trak's own cash in hand + deferred NI/PAYE + VAT payments. That has to come to more than £1.7 million cash in hand doesn't it?
dave2608
02/5/2020
13:50
The people that care the most here appear to be those who are not invested, but retain what I would call an unhealthy obsession with an investment long disposed of. Blonde's credibility tanked with me personally when he sold his holding whilst at the same talking up the share to all who would listen. And Dave? Well, Dave is just Dave and everyone needs a Dave, so the saying goes. Both are welcome of course (although the continuing obsession I find surprising), but as for what they've got to say, it's more than a little tainted as far as I'm concerned and for that reason I pay it very little attention, anymore. Trak will either survive or it won't. However, to me at least, the odds seem better than they did before the RNS. We'll know more next week, about the Gov's exit strategy - in the meantime have a good weekend all.
knowbodyyouno
02/5/2020
13:49
Well,they also got the £1.1mtax rebate, which presumably helped stablised the debt.
knowbodyyouno
02/5/2020
13:41
The people that care the most here appear to be those who are not invested, but retain what I would call an unhealthy obsession with an investment long disposed of. Blonde's credibility tanked with me personally when he sold his holding whilst at the same talking up the share to all who would listen. And Dave? Well, Dave is just Dave and everyone needs a Dave, so the saying goes. Both are welcome of course (although the continuing obsession I find surprising), but as for what they've got to say, it's more than a little tainted as far as I'm concerned and for that reason I pay it very little attention, anymore. Trak will either survive or it won't. However, to me at least, the odds seem better than they did before the RNS. We'll know more next week, about the Gov's exit strategy - in the meantime have a good weekend all.
knowbodyyouno
02/5/2020
13:11
Dave, maybe you are correct; I'm almost past caring and wish for the sunmer to end it all. However, it misses out Blonde's point that yoy the debt is the same. Given your statement that they took on an extra £1.4m debt this year it implies they also paid down the same amount.The truth is none of us know (except trakm8fan)
dc2
02/5/2020
12:09
Maybe it would have been a good idea if Watkins had of furloughed himself. He comes across as being a bit non-essential.
dave2608
02/5/2020
11:59
The recent RNS raises a very serious question that being how much cash of their own do they have on the books? Let's go back to December. They had a cash injection of £1.4 million courtesy of a loan to add to whatever cash they had on hand. Now they tell us they have £1.7 million cash on hand. Ah but it's the information they miss out that can lead you to a false perspective. How much of that cash is theirs and how much of it is the governments? Under current rules they are allowed to defer PAYE/NI and VAT payments which largely are done quarterly are they not? They will eventually have to be paid. There's going to be no jubilee. So how much of Trakm8's own cash is actually on hand. You're going to have to subtract what cash is owed to the government away from that £1.7 million figure to have the true picture. I bet cash owed to the government forms the vast bulk of that £1.7 million figure. Take VAT for example. If for argument's sake they did £5 million of sales in the final quarter. VAT at 20% means they owe £1 million to HRMC, Then there's NI and PAYE of those still in work which no doubt will be the highest paid staff. I bet the factory workers at Coleshill will have been furloughed while the data engineers and board, maybe the sales team will still be working. So how much in cash do they actually have? Then work out how much cash they've burn't through since December. One small plus for Trak is that they aren't shelling out wages on the 63 staff that have been furloughed. The taxpayer's picking up that bill.
dave2608
02/5/2020
10:43
Sorry dc2 but I can't stand the hypocrisy and the BS excuses. MM saying the funds can't buy because they would push the price up...such BS, seriously the guy has no shame. All the funds ran for the exits, they bought when there was hope and they all abandoned it when they realized the board is a bunch of crooks. We haven't forgotten last year's ramping in September by Watkins and the catastrophic warning 1 month later that wiped us all out into the abyss. As I said before, sell now or get ready to go bust before the summer is over. Their cash has ran out and it's obvious by all the recent RNS and articles.
blondeamon
01/5/2020
22:32
Jeez, I regret posting that info.
dc2
01/5/2020
20:42
dave2608 - I have no idea what that link is for. I'm perfectly au fait with nominee accounts thanks. I don't see the relevance of your link with my post?
michaelmouse
01/5/2020
20:29
Here's for greater clarification michaelmouse. Although Blondeamon has summed it up in his first sentence. Basically these are the totals of the brokers nominee accounts. hTTps://www.investopedia.com/terms/n/nominee.asp
dave2608
01/5/2020
18:57
dc2 - Microlise own 20% and the Directors own about 27% which gives the figure of 47% not in public hands. Blondeamon - "Not a single Institution is investing in TRAK which is a major red flag." How would they do this without Trakm8 raising money through a placing? If an institution was interested they couldn't pick up shares in the open market without sending the share price into the stratosphere given the high illiquidity in trading the shares. The last placing was in January 2019 when Microlise took 20% at a share price of 22p with the Directors taking a further £700,000 worth.
michaelmouse
01/5/2020
18:11
These are all just brokers, holding shares from PIs. Not a single Institution is investing in TRAK which is a major red flag. Compare with 2-3 years ago and you'll see they all abandoned fast when this train wreck broke 80p. I wish i had done the same.
blondeamon
01/5/2020
10:20
Slight update to the shareholder information. I guess these changes reflect things like a recent large holder selling out but good to see others, such as the former CFO, not selling. Updated 27th April 2020 - last update 30th Sept 2019 shown in brackets - these are the changes: HARGREAVES LANSDOWN 7.42% (7.2%) HSDL NOMINEES 4.27% (4.12%) INTERACTIVE INVESTOR TRADING LIMITED 3.25% (3.3%) BARCLAYS STOCKBROKERS LIMITED 3.01% (3.2%) A J BELL < 3% (3.13%) It does add that the % of shares not in public hands is now 47.7% (47.6%) - not sure how that works hTTps://www.trakm8.com/investor-relations/ir-shareholder-information
dc2
30/4/2020
16:37
Both Direct Line and the AA are reporting audited results next week (Direct Line - Q1) - (AA - Full year). Might provide a little more insight.
knowbodyyouno
Chat Pages: 266  265  264  263  262  261  260  259  258  257  256  255  Older
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