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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% 21.00 20.00 22.00 21.00 21.00 21.00 10,464 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 19.6 -1.7 -2.2 - 10

Trakm8 Share Discussion Threads

Showing 6526 to 6550 of 6675 messages
Chat Pages: 267  266  265  264  263  262  261  260  259  258  257  256  Older
DateSubjectAuthorDiscuss
05/5/2020
18:17
I don't think her credentials are in doubt. In fact, as I said in an earlier post, I was surprised that she did not get the board level promotion. Although, you have stated that that position isn't really what they sold it as so it makes more sense now.
dc2
05/5/2020
18:14
I don't know Nickie personally but my contact says she was the best sales director they ever had who bought many Masternaut contracts to Trak and built the whole sales team from scratch . Insurance and channel is where Trak are focussing on cash upfront deals. Fleet starting to suffer as they have to use finance houses or charge upfront hence the loss in sales people to cut costs. Recent cuts take £300k out salaries
6jacko
05/5/2020
17:52
Blonde, the apparent abrupt nature of her departure certainly raises difficult questions. According to 6jacko they have stopped SaaS so they are toast based on your estimates (which I think are probably right). As for the LinkedIn comment - you can read that as you like - either a dig or a serious aspiration. I see you forgot her other quote "Started almost with a complete blank canvas and now proud of the performing team I’ve built, I know they will go on from strength to strength"
dc2
05/5/2020
17:47
Nickie leaving is MASSIVE. MASSIVE. She turned the sales ship around, she brought new Fleet devices and she recruited an amazing team. Now morale must be 10 feet below and they will all leave when she finds a new role and recruits them. This will be the straw that broke the camel's back. 20% churn rate from the usual 9-10% is double! Which means they must find 15,000 new Fleet devices to sell every year just to stand still. If they stopped doing Saas rentals then they are toast, it's more than 60% of their business and 100% of Insurance. Only the very old stupid clients stay on 3 year contracts. They might not even make it until the summer now. They must be burning cash at 2m per month. They should be at their limits by the of this month. P.S Quite the assault on her Linked last sentence "I am looking for an opportunity to work with a forward thinking technology company/organisation that is committed to driving sales..."
blondeamon
05/5/2020
17:40
My source is not a board member just an old friend who I trust dearly been shafted on his commission with no other agenda and info is widely available within Trak sales team. Do what you like with the info.
6jacko
05/5/2020
17:35
KBYN, I think we are being played here..... member of sales team knows board level information, SaaS company which has stopped doing SaaS (although their web site still talks about subscriptions) and accusations of misuse of furlough scheme. Not to mention a bit of insider trading ;o)
dc2
05/5/2020
15:35
Your choice. Ive finally offloaded mine. Think I've heard enough
6jacko
05/5/2020
15:28
Well I appreciate your candidness. Forgive me if I don't unload my entire holding off the back of your posts (whether true or not). This however is worthy of some attention: "all furloughed staff are still been told they must work" This is a very serious accusation, which if true would be fraudulent/illegal.
knowbodyyouno
05/5/2020
15:12
I don't believe furlough was offered but all furloughed staff are still been told they must work
6jacko
05/5/2020
15:11
Firstly not silent just changed profile. Good authority from a close friend who works at Trak. Nickie, Sean Morris and other sales people gone. New guy is in fact not a sales and marketing director he's a business turn around consultant and JW's last attempt at keeping afloat. Cash a major issue so no rental deals only purchases. Churn high due to tech failing especially Rh600 so sales team bogged down with customer complaints and cancellations.
6jacko
05/5/2020
14:43
6jacko, I read your post as a group of people left a company during an unprecedented crisis in the world. Some, like Nickie, did so without having a job to go to (according to her LinkedIn Profile) and did this in favour of being furloughed. Must be some pretty serious reason to do that even if you hate the company (Dave, yes - sinking ship and all). I read that sales people were concerned with support roles - I have heard of sales people which sell things that aren't physically possible without any concern for down the line. I read that given a 20% churn that the sales team are busy and successful even if Trakm8 can't keep the sales - this is evidenced by Trakm8's revenue remaining roughly the same. However, I accept I may be wrong. Perhaps the appointment of a group sales and marketing director was done to address those very concerns you point out. Although, I think it is more likely that this appointment ruffled a few feathers. As for the cash flow - no disagreement there - hence the share price.
dc2
05/5/2020
14:09
Well you didn't remain silent for long, given that you only joined today... Seems more than a little odd to cut salaries, or indeed lay off people in the middle of this furlough period. Unless of course there were other reasons. Basically what you're saying implies she and the others were sacked, which again brings us back to the horse/water comment. The ByMiles / AA reviews, recent upgrades, new insurance contracts / large insurance and SB rollouts and fleet renewals, paint something of a different picture regarding customers and growth. However, like most lenses, when superimposed over facts, it's a matter of perspective regarding what one sees/interprets. Not really sure how much further on we are after your sudden[?] burst of altruism. Over to you Dave... Or perhaps you're already holding the mic.
knowbodyyouno
05/5/2020
13:19
Remained silent on here but must post. Sold off shares yesterday as a result of Nickie Hunt-Masons departure. I have a good friend in Traks sales team who tells me Nickie and other people left yesterday as Trak can't support enterprise customers and growth. Churn over 20% and can't fix it due to poor tech and customers cancelling in droves. Severe cash flow problems so cut £300k of salaries
6jacko
05/5/2020
11:30
Not a particularly shattering, or indeed unexpected, revelation there Dave. The link between new car sales and Trak's customer base is pretty tenuous. Where the link is strongest would be with fleet, which happens (according to the article) to be where most sales are now likely concentrated. Yes there will be a knock on effect with used car sales and the industry itself is suffering greatly. But things will get going again, pretty quickly and with, one would expect, a lot of incentivisation.
knowbodyyouno
05/5/2020
11:12
April's car sales plunge 97% from same month last year. hTTps://www.bbc.co.uk/news/business-52508010
dave2608
05/5/2020
09:03
We may never know. Could be a variety of flavoured waters - not all would be destined to taste good. However, the suspect decision-making qualities of JFW and Co are well-known, so my own view is it's not a particularly good omen. What's needed right now is a steady ship and departures from the helm during a storm are not generally a good thing, IMO. Time will tell.
knowbodyyouno
05/5/2020
08:21
She's dangled a right teaser. If the horse in this analogy is the BOD then what is the water that they're not drinking? Answers on a postcard.......
dave2608
05/5/2020
07:57
Maybe there was a clash with the new group sales / marketing director. She was very experienced (from her profile) and certainly had secured a number of new fleet contracts. Some of her team may follow her out of the door, in time. Sounds like (if you read into her horse to water comment) whatever she had planned wasn't a trajectory the BOD wanted to follow. That could be good or bad news depending, of course, on what her ideas were. She may even have been the seller yesterday! Second departure in a month or so... - not a good look, in my opinion. And we definitely don't need more Watkins Cowley consolidation right now.
knowbodyyouno
05/5/2020
07:54
The answer to the question why leaving was "You can lead a horse to water but you can’t make it drink!"....
epsomsalts1
05/5/2020
06:33
Interesting answer to the question why your sudden leave?
dave2608
04/5/2020
22:15
TBH, I was surprised she didn't get offered the director position. Perhaps she turned it down?
dc2
04/5/2020
20:57
So Nickie Hunt-Mason has left Trakm8 today, her LinkedIn profile is quite an eye opener don't you think?
rightsaidfred2
04/5/2020
14:53
My daughter had her test cancelled. We have bought her a car with learner insurance so she can keep on practicing. A levels cancelled but not going to university. Hotel job furloughed but she has picked up another part time job so she is financially up at the moment. Most driving instructors are self employed so probably also furloughed or the equivalent. I still see a few driving instructors on the road. Any drop over the next 3-6 months will be result in a increase over the next year or so. Anybody have an idea what the average length of time a learner driver uses telematics for?
darrin1471
04/5/2020
14:17
Driving tests were initially suspended for up to three months. How many driving instructors will still be in business to teach these eager young drivers? I doubt it's going to be 100%. OK it might scale up again in time but the question is how many people are going to risk setting up any kind of business never mind a driving school when you can be locked down at a moment's notice. Until stability becomes the norm and there's no sight of that, no one in their right senses is going to set up a business at the moment. hTTps://driving.org/coronavirus-advice/
dave2608
04/5/2020
13:56
But if a sizeable number of these eager young drivers are suddenly out of a job, how are they going to pay for their driving lessons or afford a car and all the expenses that come with owning a car?
dave2608
Chat Pages: 267  266  265  264  263  262  261  260  259  258  257  256  Older
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