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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 7001 to 7020 of 7275 messages
Chat Pages: 291  290  289  288  287  286  285  284  283  282  281  280  Older
DateSubjectAuthorDiscuss
23/11/2020
07:49
LOL post 5456. Nice understatement HE. Yes the recovery looks set fair at the moment. Very upbeat report given the backdrop. Results slightly better than my prediction in post 5258:- hTTps://uk.advfn.com/cmn/fbb/thread.php3?id=35066820&from=5258#firstpost Adjusted losses reduced 80% to £0.3m. Cashflow up 44% to £2m. Connected devices improved to 253,000 and rising. Gross margins 62% and improving. Recurring revenues holding up brilliantly with a tiny 5% reduction but set to recover strongly in the second half. So many positives to post. Will post more later. Most importantly perhaps:- "the Group expects revenue in the second half to be significantly higher than the first half given current orders, even with a reasonable downside scenario taken into account for the ongoing impact of Covid-19." Strong recovery possible now:- hTTps://michae1mouse.blogspot.com/2020/08/5-micro-caps-that-will-10-bag-or-more.html Very happy!
michaelmouse
23/11/2020
07:25
I think the bear bashing might take a pause for one day at least. Things are not as grim as you guys continually make out.
horndean eagle
18/11/2020
13:05
Apologies I've misinterpreted what squeamish said yesterday. I only switched to this point of view yesterday after reading his post. Now I see it's the device part that can't be recognised as recurring revenue. So I'm back to how I was thinking prior to yesterday. £9.8 million recurring revenue between 245,000 devices, which really doesn't help your bull case Michael Mouse.
dave2608
18/11/2020
11:59
MM - thanks for the slander. It shows your true colours. Let’s let the announcements do the talking. Then you can be exposed as the tamper that you so clearly are.
andre
18/11/2020
11:31
Dave I give up trying to explain it. I can't think of an easier way than the mobile phone example. There's no difference in the revenue model between Fleet and Insurance. Exactly the same. Both produce recurring revenues from service and maintenance fees. Fleet is more lucrative for reasons explained on numerous occasions. Again from the Finals, "Recurring revenue generated from service and maintenance fees decreased by 3% to £9.8m (FY-2019: £10.1m) due to the reduction in Connections from Insurance customers earlier in the year, which were not offset by the growth from the newly launched customers towards the end of the financial year." "Free cash flow of £0.8 million eh? OK, show me the workings out, how you arrive at this figure." Even you can work that one out Dave? Very easy calculation. Blondeamon was quoting the previous year in his usual psychotic effort to deceive. Now that is it until news. We've established that you can't even understand the basic business model, Andre is a fantasist who claims to have run several multi-million pound businesses, jacko6 is deranged and claims to be working as a sales director at Trakm8 despite constantly criticizing them, and finally blondeamon acts like a psychotic ex-girlfriend/boyfriend (delete as applicable). Perhaps you bears should arrange to go out (post lockdown) for a drink together. That would be an evening to behold!!!
michaelmouse
18/11/2020
09:43
Indeed Andre It will be interesting to see what the trades receivable figure is on the next set of accounts.
dave2608
18/11/2020
09:15
MM - and a lot of customers are on ‘payment holidays’ or never going to pay due to the pandemic. Good luck with that.
andre
18/11/2020
09:14
Mouse re post 5443. This is how I see it. OK we'll go with your analogy. The telematics company is substituted for the phone company and the telematics insurance customer is substituted for the phone user. The telematics company doesn't book the insurance telematics fees as recurring revenue, it books them as upfront revenue (trade receivable) and the fees follow in monthly installments. As regards installed devices. Surely the important thing here is what sort of installed device. Fleet installed or insurance installed. re post 5444 Free cash flow of £0.8 million eh? OK, show me the workings out, how you arrive at this figure. Why mention the net debt figure being unchanged? That doesn't mean the debt figure is unchanged. They took out a £1.4m loan in December (net of costs). So probably about £1.6 million extra owing then?
dave2608
18/11/2020
08:18
Oh yes and the installed base has gone up slightly despite the challenges. TIA.
michaelmouse
18/11/2020
08:17
No FCF wasn't a £5m outflow, it was a £0.8m inflow (directly from the results). You're getting so desperate you just making stuff up. BTW - Explain to your fellow bears why gross margins at the interim have gone up to 60% (8 percentage points) and losses have massively reduced.
michaelmouse
18/11/2020
07:35
BTW - In last year's results was this, "This resulted in a free cash flow of £0.8m (FY-2019 -£4.9m) and net debt unchanged at £5.6m (pre-IFRS 16)." The SAS model will generate huge free cashflow (FCF) in future if Trakm8 can ramp up the installed base.
michaelmouse
18/11/2020
07:26
Dave have you ever bought a mobile phone contract? Two components. The phone itself. The services provided (data, texts etc). You might not pay anything up front for the phone but its cost is bundled into your contract. Let's say the cost of your phone is £360 and the monthly charge for services is £10. You sign up to a 36 month contract at £20 per month. You're paying for services and phone over 36 months. However, at the end of the contract (36 months) you've paid off the cost of the phone so the phone is yours and assuming you don't renew it, you should only pay for the services going forward i.e. £10 per month. On the first year accounts the revenue of the hardware (phone) would be booked as £120 but it's non recurring and the service revenue also at £120 but that is recurring revenue. Just substitute telematics device for phone into the above and you'll understand the difference between their £10m of recurring revenue and £10m non recurring revenue. Whilst this is all very interesting. It all comes back to that key figure - number of installed devices. That figure will continue to rise with acquisition of customers and (as importantly) retention of customers. Goodness knows why you bears spend so much time here, but I'll now go back to just reporting on Trak's progress and I firmly remain a bull.
michaelmouse
18/11/2020
06:30
trakm8Fan - the insurance game is simple for insurance companies. Pay as little as possible to the tracking provider. Con the customer into believing they will get cheaper insurance next year by driving a certain way which reduces risk. Then offer them a discount next year which isn’t actually competitive in the market but easier than shopping around. Acquiring a new customer is more expensive then keeping one on. Many people are too lazy to shop around every year. That’s essentially it. They use the tracker to keep a customer and reduce risk. They pay the provider as little as possible and there is no differentiation. This is why Quartix are leaving the market. The race to the bottom is over. There’s no money in it now. Trak, on the other hand, think more units at no profit is the future. All IMHO
andre
18/11/2020
03:50
Blonde - no not ignoring trying to get the numbers to add up. Recurring is £40 per connection per year average. Which is close to £3. There is still the 10m none recurring which when added makes the number £80 per connection overall. I admit its possible they are selling these to ins companies at £3 per month and that feels very cheap to me. We know they're only just breaking even now. Their volumes definitely need to increase if they're going to make money and they need to increase quickly. I'm not sure that's true that Trakm8 doesn't do anything that others do. Yes you could argue for basic tracking its possible there is no difference. But when an ins co buys a service like this they're buying more than just the tracker. We know by miles use these trackers and we know there has been some talk about real odo from trakm8 being a differentiator for leasing companies. Beyond the basic tracker the only other areas which could interest ins companies is the way they can integrate their systems to work with the systems of Trakm8. Im still hopeful there are some differences other than price but now I'll be accused of ramping again which I'm not trying to do. I read on the lse board that someone bought insurance through by miles and didn't receive a Trakm8 tracker but another. So its not all roses yes I know that. Maybe I am deluded. Maybe I am blinkered. Maybe I will be wrong. I'm still hoping they make money. Come on Trakm8.
trakm8fan
17/11/2020
21:25
Charge for devices? As Blondeamon has constantly pointed out, there is no up front charge for devices. You rent them.
dave2608
17/11/2020
21:18
"non-recurring revenue = Charge for devices plus installation costs. That's it." Oh really? You can buy an RH600 on line. How does that fit into your equation?
dave2608
17/11/2020
21:03
post 5433 - LOL. That's not how it works at all dave. It's ever so simple. As I said before in simple terms 1) recurring revenue = installed device monthly charges (service) (insurance and fleet) 2) non-recurring revenue = Charge for devices plus installation costs. That's it. The cost of the devices might be spread over a contract period, but it's a finite cost and recognized as such in the accounts i.e. non-recurring.
michaelmouse
17/11/2020
20:51
Fair play to you trakm8Fan. By being a dog with a bone you've flushed out some insight.
dave2608
17/11/2020
19:45
Dave - you're right it is 40 per year. I can't afford a new calculator. I'm skint.
trakm8fan
17/11/2020
19:40
Acknowledging squeamish's insight let's do a revised calculation from the one the other night for Trak's fleet connections. £9.8 million / 77,000 / 12 = £10.60 per connection per month, not far short of Quartix's £12.50 a month. The bad news is that Trak's fleet connections have shrunk since the year end.
dave2608
Chat Pages: 291  290  289  288  287  286  285  284  283  282  281  280  Older
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