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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
  1.00 6.45% 16.50 15.00 18.00 16.50 15.50 16.00 23,534 16:28:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 18.1 -0.1 0.4 44.6 8

Trakm8 Share Discussion Threads

Showing 6976 to 6997 of 7275 messages
Chat Pages: 291  290  289  288  287  286  285  284  283  282  281  280  Older
DateSubjectAuthorDiscuss
17/11/2020
19:06
Andre- fully agree what Trakm8 could do and become with the right CEO, we know that’s the issue here. How right QTX got it and how wrong Trak did
6jacko
17/11/2020
18:55
MM - on what possible basis does Quartix making Trak look inept indicate that Trak could be bought at a premium. You don’t pay a premium for ineptitude. Much more likely that the administrators will sell it to whoever is happy to take on a loss making enterprise - even if debts get written off in the process. IMHO
andre
17/11/2020
18:40
squeamish1 - am I the fan boy? If so let me reply. Thanks for the explanation. That's very helpful. It does indeed answer the question I have been asking. If this business is moving to a pure saas recurring fee only model then this explains why they have an extra 10m of revenue. I am not saying a larger amount of none recurring revenue is preferable if it comes at the expense of guaranteed recurring revenue. Not at all. What I am trying to argue against is the flood of comments from all the bears here who are adamant that the recurring fees here are only £3 or £4 per month including the hardware. I still don't know if this is true or not. As in if there is no up front fee and it is all fixed recurring fees only. Apparently the bears know there is no initial fee on top of the recurring fees. What we do know for a fact is they have 250000 connections and receive 10m in recurring revenue. That equates to an average of £80 per connection per year. From your explanation there may be more revenue included in the chargeable recurring fees which is not accounted in the 10m recurring revenue. This therefore means the real average of recurring fee per connection must be more than £80 per connection per year. Thats great news. It definitely makes the £3 and £4 per month numbers look very unlikely.
trakm8fan
17/11/2020
18:19
Mouse People say things to you but you never seem to take heed. I'll repeat, I'm not suggesting anyone invests in Quartix. I'm not even remotely considering it myself. "Share price up 7% today. Small volumes move it very quickly indeed.".....ramp to add to your earlier one.
dave2608
17/11/2020
18:16
You buy the safe QTX option then dave. I think Trakm8 have a great chance of getting it right from here, and if not they'll almost certainly be bought out at a large premium. Share price up 7% today. Small volumes move it very quickly indeed.
michaelmouse
17/11/2020
18:04
Oh something I forgot to mention. Quartix have £10 million in the bank and no debt.
dave2608
17/11/2020
17:57
MichaelMouse You're jumping the gun. I'm not for one second suggesting anyone invests in Quartix. I'm pointing out the massive outporformance of Quartix over Trakm8. "If Trakm8 get it right from here". You kidding? Will they get the chance? It looks like it's all hands to the deck to me trying to keep the ship afloat.
dave2608
17/11/2020
17:44
Quartix have been well run for a long time. They've been in the market for a long time, 20 years or so. It does go to show what can be done with the right leadership..... and what happens when you don't have the right people in charge. And no, trakm8Fan, it doesn't show what Trak can do. It does show what they are clearly incapable of doing though with the leadership they have. Leopards don't change their spots. IMHO
andre
17/11/2020
17:40
Thanks Dave, if QTX was valued at £7.75m I'd buy QTX instead, but it isn't. QTX's market cap. at £171m is currently around 22 times larger than Trakm8's at £7.75m. It's also worth noting that QTX have a greater international presence in Fleet and their UK growth is not quite as impressive albeit still better than Trak's. Trak is still largely UK centric. QTX is the safer option for sure because it's consistently profitable and generates lots of FCF to pay dividends. Perhaps it's a matter of different investment philosophies? Trakm8 is clearly the riskier option but that's already reflected in the share price. If Trakm8 get it right from here and eventually perform like QTX (market cap. £171m) then you'll have a 22-bagger. For a similar share price performance QTX would need to achieve a market cap. of £3.7 billion. Imv Trakm8's likelihood of huge multi-bagging (again) is more likely than QTX's, but of course that comes with the inherent risks. You may disagree and prefer a safer option that's your prerogative.
michaelmouse
17/11/2020
16:55
I've just been looking at Quartix's finals. It bears out what squeamish is saying. 81% of their revenue is fleet. 100% of their recurring revenue is fleet. They had £20.5 million of recurring revenue y/e 2019. 123,157 fleet connections at the start of the year; 150,640 at the end. Let's take a midway figure of 136,900. £20,500,000 / 136,900 / 12 = £12.50 each fleet device per month. So yes fleet is where the money is. Looking at Quartix's fleet connections shows how they've absolutely smashed Trakm8. Remember these are two revenue similar companies operating in basically the same field. Quartix fleet connections y/e Dec 2015 - 73,744 Dec 2016 - 87,889 Dec 2017 - 105,314 Dec 2018 - 123,157 Dec 2019 - 150,640 Currently 167,635 Trakm8 fleet connections - y/e March 2016 - 59,000 March 2017 - 66,000 March 2018 - 73,000 March 2019 - 76,000 March 2020 - 77,000 Currently 70,000 In more or less the same time period Quartix have gone from 73,744 to 167,635 fleet connections while Trak have gone from 59,000 to 70,000. On the 1st Jan 2016, Quartix's share price stood at 252.50p; it is now 352p. Trak's was 356p; it is now 15p. In the last four years Quartix has paid out 49.5p in dividends (y/e 2016: 11.2p, 2017: 13.5p, 2018: 12.4p, 2019: 12.4p). They've paid out over 3 times the current share price of Trak in dividends!!
dave2608
17/11/2020
16:50
To really know what the situation is you would need to see a detailed P&L, forecast against actual on a monthly basis.
axdelta
17/11/2020
14:55
Thanks for the explanation squeamish1 and good spot re the trade receivables. So in other words, in some cases, what looks like recurring revenue, because of the way the GAAP work, is treated as non-recurring revenue?
dave2608
17/11/2020
13:21
The Saas model is not one recognised by specific accounting standards. Standard GAAP treatment is you book revenue when it becomes payable regardless of when the cash arrives. Under a contract to supply 12 months worth of data service and a device, once the device is sent you would recognise the revenue attaching it it, even if from a cash flow perspective you’ll see that revenue in the future monthly installments. So from a SAAS contract perspective the device is wrapped up in the overall package, from an accounting perspective TrakM8 couldn’t recognise the device element as ‘recurring revenue’ because, unless they expect the device to fail within 12 months (maybe they should...) that specific revenue is not recurring and must be recognised at the point of customer liability (ie when sent out). I’ve just looked at the balance sheet now vs in the pre-Saas days. It shows a marked increase in trade receivables as a proportion of revenue, from under 25% to over 40%. This tells us Trak are now booking more revenue upfront ahead of cash being received than they used to, in line with how their new model would be treated under GAAP. The more astute will notice how this model puts more stress on their working capital and cash flow and exposes them to more credit risk on their clients. Curious fanboy why you think that’s a good thing if you’re right about £10m of random fee income though? £10m of revenue they have to fight for every year, with what sales team I might add, rather than watch the money come in rain or shine.
squeamish1
16/11/2020
14:39
I've just contacted 3 accountant finance types I know. They all know nothing about trakm8 except what I told them. They sell trackers and charge monthly with a SAAS type model. They have 10m of recurring revenue and also another 10m which is not recurring. I then asked would you assume this revenue to come from an up front initial fee and they all said yes. Where else can it come from.
trakm8fan
16/11/2020
14:09
If this is pure recurring revenue only business then why do they have an extra 10m of revenue. Its a simple question. No one has given an answer.
trakm8fan
16/11/2020
13:59
Jacko - do you know where their magic 10m of none recurring revenue comes from?
trakm8fan
16/11/2020
13:41
Would Trump ever admit he was wrong and defeat- thing that’s the answer here.
6jacko
16/11/2020
13:36
Tricky question. We know covid has been around and this will skew everything therefore it depends what they say. I'd like to see something positive.
trakm8fan
16/11/2020
12:46
Not sure why everyone dislikes me. Perhaps because I disagree with everyone except Mouse. Discussion here centres around one simple question - will this make money. We only have a week or so to wait for their forward looking statement which will hopefully tell us. I can wait. I've been invested here only since 2015 or 2016 time. So not as long as others. I remember the price dropping and dropping. It hasn't really moved much since November 18 when it fell from 65 to around 15p. Anyway lets see what the results look like then we can debate it some more. I'm still confused why everyone is focusing on half the revenue and not the other. If this is recurring only then where does the other 10m come from. It is still my view that companies if paying as low as £3 per month should or could or its likely they are paying an up front fee as well. That might explain where this extra 10m is coming from. The bears have given no indication where this magic money comes from. Maybe the magic money will just increase magically and this business will become a magic money making enterprise.
trakm8fan
16/11/2020
11:42
Post 5407 - I was paying for shares in the low teens back in 2011. All well documented:- hTTps://michae1mouse.blogspot.com/2011/09/your-m8-my-m8-trackm8.html I know why you dislike me so much. It's because I sold half my holding at prices between £2-£3.50. You were probably one of the buyers, and you blame me or think somehow you were duped when the share price sunk back to the low teens 9 years later. So does that make you the greater fool? It won't be any consolation to you I know, but I sold half my holding because they'd multi-bagged and it made sense for lifestyle reasons. I've kept the other half and am disappointed with what's happened (I was hoping that their momentum and performance would continue to improve). However, I'm still very bullish and could easily see it rising and even surpassing previous highs. That's the excitement of micro-caps. hTTps://michae1mouse.blogspot.com/2018/11/market-madness-and-setting-personal_17.html Stop blaming others for your misfortunes and move on. That's my tough love advice.
michaelmouse
16/11/2020
10:29
Omg MM and Trakm8 fan are the politicians Trakm8 use to defend the claims on here but we all see through it, you guys are just like Trump completely in denial and we know where that has ended. We post facts and figures, genuine facts and figures and Blondie and I know more about the industry as we both work in it and live and breathe it every day. Only option is vote Trump out or in this case the 2 Watkins and then hopefully someone could come in and rescue. Whilst they are here is a dead duck!
6jacko
16/11/2020
08:44
Mouse - revenues are derived from the sale of the actual units, installation charges and monthly fees (per device) after installation - yes - sale of the actual units and installation charges - one off up front fee - monthly fees (per device) after installation - recurring revenue.
trakm8fan
Chat Pages: 291  290  289  288  287  286  285  284  283  282  281  280  Older
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