Trakm8 Share Discussion Threads

[knowbodyyouno] 30/3/2023 15:42

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 13:32

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).*

[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 16:44

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 14:26

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