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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% 14.50 14.00 15.00 14.50 14.50 14.50 0.00 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 - 7

Trakm8 Share Discussion Threads

Showing 7026 to 7047 of 7200 messages
Chat Pages: 288  287  286  285  284  283  282  281  280  279  278  277  Older
DateSubjectAuthorDiscuss
23/11/2020
13:24
Post 5483 - Employees can be re-furloughed until March '21 if necessary. Clearly, at present it's not necessary. A very good sign. Obviously not as useless as you then.
michaelmouse
23/11/2020
13:11
From today's report:- "Gross profit margin has increased to 62% (H1 2019: 53%). This is due in part to the higher recurring revenues as a percentage of sales but also due to the vigorous actions taken over the past 24 months to introduce hardware with lower costs, reduce the direct labour costs and to reduce the cost of communications and installations. This trend is expected to continue as further cost improvements are delivered." Do you need literacy and numeracy lessons blondeamon. Perhaps you, Dave and Andre can attend night classes together?
michaelmouse
23/11/2020
13:04
If anything you said was actually factual I'd respond, but it's not. You can't even get furlough correct. Furlough currently extends until March '21 the end of Trakm8's H2. .
michaelmouse
23/11/2020
12:54
dave - You have demonstrated that you can't even grasp the concept of their SAS model in earlier posts or even a simple calculation to work out FCF. Give up. Whatever happens to Trakm8 (and its looking far more promising than for some considerable time) you'll remain a complete dunce and what's even worse you're demonstrating your stupidity for all the world to see. Study and read more, post less and you might eventually be able to make informed comments.
michaelmouse
23/11/2020
12:44
"Improved cash generation from operations due to significant reduction in losses, PAYE & VAT deferments and strong working capital actions" Perhaps someone can kindly explain how PAYE & VAT deferments are cash generative. OK you can argue they are temporarily until the cash has to be paid to HMRC. But in the long term? And what the hell are these strong working capital actions?
dave2608
23/11/2020
12:23
HE - post 5473 I'd mostly agree with. The half-year report confirms my previous assertions about all the figures and potential for a turnaround. The company is pretty much priced to go bust, and I think (lockdowns not withstanding) that a profit this year is now possible and 2021 could see a return to good growth. Never give any advice but I'm very happy with the interims and outlook.
michaelmouse
23/11/2020
12:19
IMO Trakm8 mislead people. Agenda? Nothing beyond countering what IMO appears to be misleading statements that the company puts out and blatant ramping on here. Who knows I might soon grow tired of it.
dave2608
23/11/2020
11:32
Dave - You do spend a lot of time analysing TRAK. What is your agenda? Why do you hate TRAK so much?
horndean eagle
23/11/2020
10:39
michaelmouse23 Nov '20 - 07:49 - 5457 of 5472 "Adjusted losses reduced 80% to £0.3m." Cost of sales to Sept 2020 - £2,804,000 Cost of sales to Sept 2019 - £4,174,000 How much of cost of sales reduction is furlough? Administration expenses to Sept 2020 - £4,800,000 Administration expenses to Sept 2019 - £6,435,000 How much of administration expenses reduction is furlough? I understand that the sales team has been reduced. How much cost reduction is down to this?
dave2608
23/11/2020
10:27
Fwiw I think there is a huge amount more deramping here than there is ramping. Some very bitter individuals with different agendas. I am not an apologist for the company. I think they have done an appalling job. Some of it out of their control admittedly but all the same a lot is self inflicted. My guess is that they actually turn a profit for a the full year. If they can get AA to ramp up then should start to see decent profits and growth in coming years. There is nothing to suggest that isn't feasible. One thing for certain is the company is not going bust by year end as others would have you believe. Chipper - I am not sure that is valid. They had taken a lot of cost out and were making traction with AA. That has continued. Insurance devices now beginning to rise. Optimisation with Sainsburys is not a loss leader as others have suggested. Best to judge it on its results rather than what has gone on previously. A healthy pinch of salt required admittedly but they could really be about to turn the corner. Especially if AA ramp up sign ups.
horndean eagle
23/11/2020
10:20
michaelmouse23 Nov '20 - 08:21 - 5462 of 5471 "Fleet sales team performance has returned to pre Covid-19 levels, with the total value of orders in the first half 16% up on the first half of the prior year." But hang on a minute: Fleet revenue to Sept 2020 - £4,419,000 Fleet revenue to Sept 2019 - £5,435,000 Thats a drop of 19% in fleet revenue. Orders are NOT the same as revenue.
dave2608
23/11/2020
09:57
HE The company is pretty chipper coming into every year. Nothing new there. It was chipper on steroids in September 2018. In the December there was a £3million equity raise.
dave2608
23/11/2020
09:56
HE - I’m only negative to counteract the blatant ramping by certain individuals who post prolifically whilst the company continues to lose money. It can only result in increased debt load and/or fund raises which hurt PI’s. I know a lot about this industry and Trak have an appalling reputation partly due to unit issues and partly due to reseller service. There are positives in the results but also clear areas where the company could be ‘rolling the announcement in glitter’ shall we say. ‘Lowering costs’ could well come from taking a lot of furlough money for example. Nothing is usually what it seems - other than ‘exceptional circumstances’ and more losses. Oh, and very high directors pay (for massive underperformance). All just IMHO. When you run a PLC, your responsibility should be to all shareholders. I don’t like companies that pay very well for underperformance. I see it as corrupt. But again, that’s just MHO. You asked.
andre
23/11/2020
09:03
Andre - Why are you so negative on the company? There are positives in this report. AA is ordering for clubs across Europe. AA likely to have new owners who can probably spend more resource on offering out the product more widely. They have cut a lot of cost out of the business. The technical issues behind the cameras look to be resolved. Insurance side is picking up new customers. Fleet seems to be stabilising as well. I know the company were actually pretty chipper coming into this year. Covid has obviously thrown a spanner in works but there are a lot of positives. Especially if we get continued traction at AA and across insurance.
horndean eagle
23/11/2020
09:01
I think the bear case is simple. They might suggest they are lying. Then they will stick to the usual mantra of a. very little profit per connection b. churn is high rate so each connection has short life span and therefore very little recurring revenue c. fleet is where the money is and they're losing fleet business d. insurance business is zero margin and they're busy fools e. I think that covers their concerns but I'm waiting to see if they find any holes because I am always interested in trying to ascertain if these are new or indeed valid. I want to call out some snippets which I liked - Significantly improved gross margins due to lower hardware, labour, communications and installation costs - I hope the communications bit refers to SIM charges which I believe is their only ongoing cost per connection assuming it has been shipped out and installed and is working fine other than servers which has been mentioned. Also this - The technical challenges of the RH600 product experienced in previous years have been resolved and new generations of the product will have significant additional features - which I believe addresses one of the bears concerns that their products do not work and need large scale replacement programs. I'm not sure how much of their fleet business uses these cameras over those without but obviously if this will see additional features moving forward then that helps them differentiate over suppliers who do not supply video surely.
trakm8fan
23/11/2020
08:47
So far marked up on one buy of 5200 shares. I think that says it all.
andre
23/11/2020
08:33
OK that's me done for now with those highlights. Well worth reading the interims in full to get the full picture.
michaelmouse
23/11/2020
08:29
"Net debt as at 30 September 2020 excluding the impact of the IFRS16 lease recognition was lower than both September last year and the end of the last financial year at £5.57m (H1 2019: £6.10m) (31 March 2020: £5.64m) including £1.54m of cash (H1 2019: £0.69m)."
michaelmouse
23/11/2020
08:27
"We estimated if it had not been for the significant impact of Covid-19 that we would have been profitable under both profit measures."
michaelmouse
23/11/2020
08:24
"Recurring revenues represent 63% of Group revenues (H1 2019: 55%)."
michaelmouse
23/11/2020
08:21
"Fleet sales team performance has returned to pre Covid-19 levels, with the total value of orders in the first half 16% up on the first half of the prior year."
michaelmouse
23/11/2020
08:20
"Stronger H2 and FY2021 outlook: o Major automotive customer committed to a further 24,000 units over next 12 months following their European launch o Strong level of orders, post period, from existing and new Fleet customers o Additional efficiency savings implemented o Investment in engineering to deliver additional gross margin improvements over the next 6 months"
michaelmouse
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