Trakm8 Share Discussion Threads

[knowbodyyouno] 22/2/2023 12:11

*Microlise keep buying chunks ! What a failed strategic idea from Microlise! Look at their share price too - half what it used to be.*

I suspect Saas are in a better position to make such an assessment than we are. Also, I'm not so sure it is a failed strategy. If Trakm8 fails the Saas can grab the rest of it (including circa £10m recurring revenues) for not very much at all. All-in-all the acquisition of the entire business won't have set them back very much at all.

Re the Saas share price, it was always hugely frothy at £2.50 and has (in the absence of the promised acquisitions) come down to levels more commensurate with its operations.

[harrison15] 22/2/2023 10:44

Vain effort to promote the business as a functional company :)

Microlise keep buying chunks ! What a failed strategic idea from Microlise! Look at their share price too - half what it used to be.

[knowbodyyouno] 22/2/2023 07:32

Looks like this was the reason for the building was being spruced up for:

*Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that it is today hosting a capital markets event for institutional investors and analysts. The event will be hosted by Executive Chairman, John Watkins and Chief Financial Officer, Jon Edwards, and will include presentations from leaders within the group.*

*The Company will provide an overview of the products and markets that Trakm8 is addressing following the announcement by the Company on 14 September 2022 to focus activities on the most successful parts of the business. This will include an update that connections now exceed 318,000 (30 September 2022: 299,000).*

[smithie6] 16/2/2023 20:00

..Microlise surely know the building inside out already

from prior due diligence
& probably from bod meetings phps/probably being held there.

[knowbodyyouno] 16/2/2023 18:11

What makes you say that?

[af100] 16/2/2023 14:53

Trakm8 are very busy tidying the building up, getting it ship shape for the very important people arriving next week.

Take over or a complete buy out by microlise??

[smithie6] 18/1/2023 17:30

....completely normal for an illiquid microcap share

[smithie6] 18/1/2023 14:34

well, Trak does have its own in-house production facility

& if one wants to quote for medium/high volume then that can phps give a price advantage.

[harrison15] 18/1/2023 14:10

We are all speechless.....and continue to be. Why is Microlise propping this company up ?? To be honest I am glad I don't have shares in Microlise. Whether M own 20, 30 or 100% - it is irrelevant when company is not not functioning. I thought Microlise were progressive - their share price conveys that story, anyway..... but for how long?

[smithie6] 18/1/2023 13:37

very quiet msg brd

[knowbodyyouno] 09/12/2022 08:48

Yes, does seem to have an uncanny ability to limp on, whilst continuing to pay high salaries to those at the top (snouts in the trough?). That said, the hope is that reduced headcount and costs (it was always bloated, in my opinion), will hasten a return to profitability. Moreover, these results only confirm that which was telegraphed in Sept, at the same time Mico and the BOD committed to another £1.7m of funding. Micro will then have 30% of the Co. Perhaps they'll have the rest of the Co sooner rather than later ..whether out of admin or not.

Very risky, but I am a buyer at these levels, and have past success of riding the big swings in share price up and down.

[arthur_lame_stocks] 08/12/2022 20:50

I'm surprised this hasn't gone broke yet, awful results, awful cashflow, no assets worth a damn.

I see the interims were prepared on the going concern basis, let's see if the auditor agrees with the finals, if they're still in business by then.

I can't for the life of me see how this junk is worth even £6m.

[dave2608] 28/11/2022 21:06

Well well well, Mr "Pompus" Watkins sold 831 shares of which apparently he knew nothing about. A mighty £116.11, I kid you not. He had to put it right though and repurchase said 831 shares meaning a personal loss to himself of £7.11.

What a guy! Trakm8 share holders must be beside themselves with such self sacrifice.

If Carlsberg did pointless RNSs.....

[af100] 23/9/2022 15:44

Is it the end of Trakm8, another 37 people for the chop.just to make the books balance,no big deals coming in. The customers they have are not been looked after.

[dave2608] 22/9/2022 13:26

Yes, it very much looks like Colin Ferguson has had Watkin's trousers down good and proper.

[harrison15] 22/9/2022 12:29

So right dave2608 ! just prolonging the inevitable. Before John Watkin the two brothers (still directors0 were a couple of techies, with no real commercial dynamism. Watkin gets involved as an ex investment banking background I believe. An arrogant man ...employing all his family in various roles - a No No in a PLC unless his family are superstars. Rode high on hype and bullsh*t..... and all collapsed like a stack of cards. I got in at £1 and sold at £2 - phew (they did go to nearly £4. Then he started buying basket case companies - distribution only businesses - a tracking co in Leeds and a camera supplier down south - no IPR ownership in them .... then he bought Route Monkey - IPR and a customer base, yes - but software so out of date it was laughable ...the original owner of R M now set up again with his algorithms to sell to all Trakm8 competiors :)

[dave2608] 22/9/2022 11:50

299,000 connections it may be, but what are the margins? They might be wafer thin or for all you know even anorexic.

After pouring millions into R&D over the years it looks like they are well adrift in that particular race and maybe even throwing in the towel. How long did it take these clowns to realise this was a race they couldn't stay in for long? Basically money down the toilet in the vain pursuit of owning the entire process of maunufacturing from production of plug in device through to camera solutions. Add this to their other disasters like Route Chimp, you wonder whether they can get anything right.

As for the the £1.58m convertible loan note, that smacks to me of the can being kicked down the road yet again, in the hope that in the meantime something will turn up.

Oh, welcome back 6jacko.

[harrison15] 22/9/2022 10:46

I always thought Microlise were a sensible company - not there to prop up an ailing company - good money after bad imo

[knowbodyyouno] 22/9/2022 08:42

Up to 299,000 connections now. Insurance driving the increases and offsetting drop in fleet connections.

[knowbodyyouno] 22/9/2022 08:40

"MIcrolise, thrown more cash at this business ??"

They have yes: £1m of CLN.
Details a couple of RNS ago.

[harrison15] 22/9/2022 07:52

MIcrolise, thrown more cash at this business ??

[knowbodyyouno] 21/9/2022 15:53

*I’ve been here many years and seen all cycles of job roles to the favourites*

So, you’re still there? Why? It’s such an odd set up. Simply amazing how long it’s been paddling away.

My hope of course is that those of us still invested get something back. The last update pointed to shovels of jam tomorrow, so we’ll have to see.

I’m surprised to hear Microlise are so negative after just signing up to more funding. They will have an almost 30% share soon.

Anyway, fingers crossed better days are ahead for the Co and long suffering shareholders.

GLA

[6jacko] 21/9/2022 13:14

Sales staff were high achieving but churn is also still higher than average hence no nett gains, not easy in sales at Trak due to endless customer issues and complaints.

Industry leading sales people gone only home grown sales people remain that are part of the inner circle and moved dept to dept over the years. I’ve been here many years and seen all cycles of job roles to the favourites. Recruitment head now trying to run sales, operations now FD etc etc. just given another role when they fail. The change has to come from the top. Sales and marketing clear out more than 50 people to cut the losses. R&D as we know had been a stabilising and fox it rather than launch new products to compete. Microlise tell me Trak are at least 3 years behind the curve on dev to compete in current market. Insurance only area doing ok.