Trakm8 Share Discussion Threads

[kumbuka] 08/9/2023 20:32

Another top post bully boy pj. An empty brain produces an empty post.

[kumbuka] 07/9/2023 19:52

Two of your better posts bullying bully boy pj.

[knowbodyyouno] 30/3/2023 16:06

*Sainsburys and Iceland have been clients of Trak for quite some time now and yet I haven't noticed Trak smashing the ball out the park.*

Agreed. The binary result still remains operative here. FY2024, is the crescendo in my opinion: do or die.

[knowbodyyouno] 30/3/2023 16:02

Been a change in senior management since then, however.
Look, honestly, I don't care about Howden - the contract may as well be for fresh air, as far as the detail on it is concerned. As I said, what matters TO Trakm8 are the recent renewals, which we know are material to FY2023. No point debating a company that we have no idea of the potential impact of its involvement with Trakm8.

[dave2608] 30/3/2023 16:02

Sainsburys and Iceland have been clients of Trak for quite some time now and yet I haven't noticed Trak smashing the ball out the park.

[dave2608] 30/3/2023 15:48

The accounts for the year ending Sept 2021 don't look too clever. I wonder how long this lot will be around.

[knowbodyyouno] 30/3/2023 15:42

Perhaps Howden was born out of Ingenie
But it's still operating as a different company:

hxxps://www.ingenie.com/

I think both are owned by a parent company - can't remember which insurer.


There is definite connection with trakm8 - there are 2 'key' people listed on Hawden's website (odd that there are only 2, key people in such an organisation, but there you go) - a quick browse of Linkedin shows both are ex Tram8 stock (and one worked at Ingenie).

Didn't know of the Searles connection - I believe she is/was on Trakm8's board.

The question - and I raised this on the other BB - is whether, ingenie and Howden are different contracts. My assumption was that one is black boxes for kids (ingenie) and the other data algorithms: Howden driving data).

Doesn't really matter. What matters is that they bring in revenue and profit, and the jury is still out on that.

For the moment, it's Sainsbury's and Iceland that count. Both renewals are, the market accepts, good news and you will likely see this reflected in the share price over the next few days/weeks.

GLA

[dave2608] 30/3/2023 15:30

Then you have a certain Penny Searles, one of Howden's directors. That name rung a bell. Turns out she was director of Smart Drivers club Sep 2015 - Feb 2020. I'm sure they were old clients of Trakm8. For want of a better expression, it appears that some of Traks clients are recycled companies of yesteryear that used to be clients.

[dave2608] 30/3/2023 15:16

That Howden Driving Data contract. Guess what the former name of the company is. It's only Ingenie. And it's not the only time they have changed their name. And they were only incorporporated in August 2020. Two name changes in 2 and a half years.

[knowbodyyouno] 30/3/2023 14:42

Well, the market is (rightly, IMHO) skeptical of the BOD's promises. However, the importance of these contract renewals were telegraphed in previous updates. This week has provided confirmation of the renewals and by implication that expectations of a swing to profit FY2023 are going to be hit.

The news is good for the company and shareholders.

[andre] 30/3/2023 12:32

Trak announce a contract extension and state that it is part of current market expectations. share price rises 17%. Clearly not everyone's expectations then.

[dave2608] 15/3/2023 10:59

As for CMD, I remember some investor meeting, years ago, where they were talking of a million connected devices in the not too distant future. How did that one pan out?

If I were to attend this CMD, while Watkins was delivering his waffle, I reckon I would retreat to the bar for a swift couple.

[knowbodyyouno] 22/2/2023 13:02

*A business plan should be 3 years but usually end up being 3-5 as that is life ...not 7+*

Agree, but they've had quite a lot to contend with: Brexit; COVID-19 etc... and to be fair they have survived both, thus far.

Perhaps jam will now appear and be ready to spread on our (long stale) toast.

*maybe Trak need a new leader too*

My instinct is to agree with this, but again I refer to the navigation of COVID and so on and the ability to bag investment from Saas. He's kept the lights on.

[knowbodyyouno] 22/2/2023 12:57

*I think the positives are they wouldn't exactly be doing a CMD if they were about to issue a profit warning. Only got just over a month to year end and their forecasts are for earnings of 1.8p for the year and moving to 4.5p next year. Should get a material re-rate if they get anywhere near those numbers.*

Agree - feels like quite a bullish play to me.

[harrison15] 22/2/2023 12:42

When you take over a failed business - the recurring revenue sounds terrific but not when he needs more cash than its value to support it! Watkins has played shareholders and the market for 7 plus years now - no improvement...He runs out of money goes in search of more - Microlise twice now... and the upside ????

A business plan should be 3 years but usually end up being 3-5 as that is life ...not 7+

From £4 a share to 17p - result ! Basket case - sorry imo

His arrogance to think he should still be running this mess after so many failings in these past 7 years - reminds me of a recent politician, who has now actually made way for a successor - maybe Trak need a new leader too

[horndean eagle] 22/2/2023 12:24

I think the positives are they wouldn't exactly be doing a CMD if they were about to issue a profit warning. Only got just over a month to year end and their forecasts are for earnings of 1.8p for the year and moving to 4.5p next year. Should get a material re-rate if they get anywhere near those numbers.

[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).*