Trakm8 Share Discussion Threads

[trakm8fan] 16/7/2020 11:53

I think it is positive too. We already supply Lexis Nexis right and Smart Driver Club. Not sure why her being female is news worthy in this modern day and age. Surely with a name like Penny we can figure that out. Maybe we're trying to attract some female investors to drink from our trough.

[ch1ck] 16/7/2020 08:30

I see this as a very positive move by the company

[michaelmouse] 16/7/2020 07:54

Interesting snippets about Trakm8 and Penny Searles in the brief article.

"Penny is well known across the industry for founding a number of highly successful FinTech Companies. The first, Wunelli Ltd, went onto be purchased by LexisNexis in 2014, while her SmartDriverClub start-up was acquired by Calamp earlier this year."

"The appointment of Penny Searles as a new Non-Exec Director at Trakm8 is a real statement of intent for our ambitious growth plans for the business."

"It’s an exciting time at Trakm8, with a number of high-profile contract wins and new product launches, and Penny's appointment is very much a part of that."

[dave2608] 08/7/2020 15:02

Here's me thinking there's a mole and there's a whole labour of them.

[6jacko] 08/7/2020 14:23

Plenty of moles in organisation as many disgruntled people still there riding the storm and furlough. . Believe me all staff on furlough are asked to attend calls and pick up work from people left. Some very worried breaking the law- wonder if they would pass an audit!!, I’ve seen proof! I have at least 3 good friends in Trak who fill me in on the daily detail. Believe it or not Microlise and Trak not aligned on products, sales or staff. Still treated as the enemy! Everything kept from Nadeem and Keith day to day don’t forget they are only visible 2 hours a month on board meeting and see high level detail only. Lots very trusting people on here who I think are blinded!

[dave2608] 08/7/2020 13:27

It really is puzzling as to why Raza is buying. Let's face it 50K to him is neither here nor there.

Are Microlise and Trakm8's goals aligned? I suspect that maybe they're not.

[trakm8fan] 08/7/2020 13:02

Blonde - oops sorry yeah I didnt think you actually wanted a reply from me. I thought you just wanted the opportunity to have another rant. I'm happy to give you something to rant about. I think its all part of the healing process. If you need more fuel for the fire then perhaps some facts would help. I did ask you how you got to 100k devices lost in q1. Thats still unanswered as far as I am concerned. So please feel free to reply to that or throw more mud around. Whatever works for you.

[andre] 08/7/2020 12:30

blondeamon - but do you think that is what Microlise are planning for? Trak goes into admin and Microlise (with shared directors) comes out with the spoils but with no debt in a pre-pack?

There must be a reason Raza is buying - even at 'one day before announcement of contract' share price

Microlise already own circa 20% of Trak and Raza will know the full ins and outs of the value as he is a director.

If it walks like a duck....

All IMHO of course.

[dave2608] 08/7/2020 11:50

No, no filter on Jacko. I find his posts interesting. trakm8Fan or is it Mark McChicken? You and your dad can't be best pleased that there's a mole within the organisation? With so little staff left I can't see how he/she is keeping their identity secret. You might even have spread some misinformation to flush the mole out???

[trakm8fan] 08/7/2020 11:38

Dave - I was quoting Jacko there - do you have him filtered?

[dave2608] 08/7/2020 11:38

Personally I don't believe that staff have been secretly working as it would be practically impossible to keep that particular cat in the bag. There's no way any firm would be that stupid, surely.

[dave2608] 08/7/2020 11:21

trakm8Fan or is it Mark "Burger King" Watkins? Trakm8 haven't creamed any money off the government. Their staff have been paid to do sweet FA. No money has lined Trakm8's pockets, unless your implying that staff have been secretly working while being furloughed. Let us know after you've finished off your Double WHOPPER® Sandwich.

[dave2608] 08/7/2020 10:56

Last weeks share action with Trak just shows you some of the craziness with small caps. To go from 13p to 25p on the basis a 50K buy from a director, followed by a contract announcement with a major UK food retailer of which no details whatsoever were provided about figures, is just pure speculative fenzy, nothing else. Personally if I was a shareholder my eyes would have lit up and I would have been flogging like crazy last Friday afternoon. I noticed there was a 75,000 buy at 26p. WTF.

[dave2608] 08/7/2020 10:30

Jacko I doubt the RNS was fradulent. They were just economical with the truth. They state they had £1.7 million cash on hand which will no doubt be true. What they didn't say was how much of that cash was theirs and how much was tax payable to HRMC. Quite often with people it's not what they say, it's what they don't say.

[trakm8fan] 08/7/2020 09:20

Jacko - Furlough of 60 staff to cream money off government - thats great and could mean at least 1.5m saving per year. Maybe even as high as 2.5m per year.

[6jacko] 07/7/2020 16:16

Fully agree blondeamon, think people maybe starting to believe us with all the private messages I have had. They forget me and you know the Watkins personally And very well- just to recap for those of you who need it spelling out in simple terms

Fraudulent RNS over stating cash position
Insider trading director buying up shares day before large contract.
Furlough of 60 staff to cream money off government and all been told they must work!
All fleet sales team gone!

Now to accurate numbers-
71,427 devices sold last year by insurance
Direct line renewal only 12 months
£6million plus sold by fleet 35% increase in previous year
£4 million sold by channel to end customers they don’t own through dealer base
Churn rate 28% due to failing tech and poor customer experience.

Now do the maths and work out of its a viable company to Invest hard earned cash into!

[trakm8fan] 07/7/2020 08:33

blonde - They have lost around 100k devices during q1, game is over. I dont see how you get to this. I have read the RNS yes and I believe the section posted by me above as the only relevant section regarding q1. Thats why I posted it. And yes I have read it again and again and dont see how you get to 100k devices which is the crux of this discussion. Perhaps you want to forget about that now and that's why you have since posting some totally different numbers. Before we get embroiled in your latest post and its numbers I'd like to know how you get to your 100k number please thanks.

[trakm8fan] 06/7/2020 19:57

Outlook - -

The momentum established in the business last year has been disrupted by the Covid-19 epidemic. We had returned to growth in our Fleet business and had finally launched with three new Insurance customers. The AA had launched Smart Breakdown. Two more insurance customers have been secured since year end. Prior to the current lock down, this year was expected to be one of very significant growth - -

Our new year started in the early stage of the lockdown and unsurprisingly April saw very significant reductions in new business. May saw slight improvements and June has improved further still - -

The total value of new Fleet contracts signed in April was 83% down on the prior year, 50% lower in May compared to the prior year and is expected to be 22% lower in June compared to the prior year - -

Insurance shipments in April at 3,867 devices were 39% below last year, May shipments at 5,447 devices were in line with the prior year. Currently June shipments are expected to be 26% higher than last year - -

With a significant proportion of revenues derived from the service fees of the installed base, the first two months of the year revenues were 27% lower than the previous year but resulted in a significantly reduced loss because of lower direct and indirect costs.