Trakm8 Share Discussion Threads

[harrison15] 08/5/2014 11:13

Doing well now, hope it is not a flash in the pan, fingers crossed for all you holders :)

[brahmsnliszt] 08/5/2014 10:22

Best kept secret of the AIM this share. Keep going boys

[pj 1] 08/5/2014 09:41

CM. I expect that as more are fitted and Results become more uniform and reflective then % savings for the Customer (Insured Car Driver) will increase imo


I would like to see some estimates for y/e 2016

I have 4.2 p eps for 2015, p/e approx 18

Has anyone seen anything? tia pj

[cheshiremoggie] 08/5/2014 09:25

Interest slowing growing - certainly on this bb.

The company is doing just fine as well. The last contract especially was significant as a pointer to the future where everyone has a black box in their car. Like it or loath it I suspect it is coming...

I would like to see a contract announcement from their Eastern European office next tho...

fingers crossed.


CM.

[foreverfalling] 08/5/2014 09:10

Wonderful share this. Wished I'd bought in here instead of Qpp for now! Haha. Watching with interest. Well done all holders.

[tomboyb] 08/5/2014 08:40

Heading to £1 ? it will at this rate -

[michaelmouse] 05/5/2014 17:20

A Direct Line to success?



PJ1 - I doubt that the BB will ever get too noisy - very often the best shares to have and to hold.

Michael.

[pj 1] 02/5/2014 12:09

FWIW The Market has missed it generally imo.

Also, apologies for waking the BB up :-o

[whilstev] 02/5/2014 12:01

Well ive bought in on this contract news. Good luck to all holders.

[hydrus] 02/5/2014 11:35

Amazing news this deserves a further re rate

[pj 1] 02/5/2014 11:34

Confirmation Jan deal is Direct Line

"This is a key milestone for Trakm8, as Direct Line Group launches a step-change in telematics for UK consumers''

[michaelmouse] 24/4/2014 11:21

Trakm8 to showcase new SWIFT 6 at the CV Show 2014

Trakm8 will be demonstrating the newest version of their Fleet Management software, SWIFT 6 at The CV Show, 29th April-1st May

Visitors to this year's Commercial Vehicle Show will be able to view the latest addition to Trakm8's innovative telematics Fleet Management solutions, Swift 6.

Following an extensive development programme, Trakm8's web portal has been enhanced to include new and improved functionality such as Google Maps with Street View, and Route Reply with Snail Trail features. This enables the Fleet Operator to get an accurate insight of vehicle locations and road conditions when viewing historic journeys, giving a realistic representation of driver journeys. Live traffic information, including real time incident status updates are also displayed on the map, resulting in a reduction of lost-time due to traffic, improving the overall productivity of the fleet.

All Trakm8's Fleet Management Solutions (situated at stand 4E28) have been developed with the fleet operator in mind and as well as introducing SWIFT 6, the team will be showcasing their full range of solutions such as the ecoN fuel saving solution and Trakm8 Tacho, the automatic remote tachograph download and analytics programme.

John Watkins, Chairman of Trakm8 commented: "I am delighted that we are able to showcase our new fleet management portal at the CV Show. Trakm8 are a leading technology business, and have invested heavily in developing our next generation products, which is reflected in our Fleet Management solutions, all of which are designed and developed in-house with our own engineering team."

Michael.

[modform] 18/4/2014 09:23

Hi Leo, bought it straight after the float, but sold a few months ago expecting the market correction may hammer it down, but it's has actually gone up. Shows the potential for qpp. Good luck.

[leopold555] 18/4/2014 01:10

Not a holder just watching I am in QPP. It is not dilution if it enhances EPS which is the engine of any stock and drives the share price up. Also I like investing in stocks where the directors have ownership as this is incentive to increase the value. Thus the value benefits the shareholder as well as the directors. Yes I agree that it was a bizarre post.

Leo

[hydrus] 10/4/2014 08:23

What a superb update, cracking little company

[cheshiremoggie] 01/4/2014 10:06

Thanks Hydrus.

Of course we will get a clearer picture of the new enlarged company at the next results.

See you in July.

CM.

[hydrus] 01/4/2014 08:52

Very good response Cheshire to a bizarre post, thanks

[cheshiremoggie] 31/3/2014 20:57

Interesting Smithie8.

Some points though.

Some would say that managers controlling a large number of shares actually aligns their interests with other shareholders - share price goes up so does their holding value.

You claim illegal actions by the directors - serious. Please give more details as I'm sure the authorities would like to hear about this. Cant see it myself.

Directors paid 22p for shares to inject cash into the company for the BOX purchase but at the time the share price was around 20p. Hardly a massive fraud or a share grab. Had it been 5p a share it might be different but to pay over market price for shares is not really a crime.

You seem to believe that shareholders have been defrauded but I for one invested at around 14p and the shares are above 50p. Does that count as a massive scam? Is a profit of getting on for 300% a frightful scandal?

A 'small' factual error in your post.

BOX had a t/o of around £8.4m and a profit of around £850k in its 31 Dec 12 period. TRAK has a T/o of around £5m , profit £50k annualised from its Sept 13 accounts.

The new business has a T/o of around £13m and profits of around £900k.

The business is actually currently rated at about 1.15x revenue NOT 3x as you claim. Ooops.

The 'Massive dilution' from 19m shares to 28m shares - is that really 'massive'? BOX has a T/o of around 1.7x TRAK. The dilution should have been from 19M to around 50M shares. So for massive, read 'small'.

If the company makes £900-£1m profit pa, then a £2.5m loan facility is really not that unusual.


To summarise, your post is inaccurate and full of what I can only describe as bile, so its really not worth taking too seriously.

If you really think any AIM share is without risk, you are a fool. AIM is lightly regulated and we know what a mess main market companies make of their businesses.

However, TRAK seems to be making progress with a promising future ahead of it. AIM shares are not for the risk-averse but I for one am happy to be in TRAK in a significant way for me.

Good luck to all you shareholders.

CM.

[harrison15] 31/3/2014 11:09

Intersting Smithie6. I agree managers own too many shares to be a viable shareholder value investment.

They bought at 22p...I agree if this is the case, they bought shares (for cash) without offering to shareholders...this is surely not allowable under AIM?

Which of Directors bought? I would imagine bulk was purchased by John Wadkin as he came from outside the bsuiness with funds of his own... the other Directors been there a while and running a company of small turnover and no profit....techies :) I think anyway?

[smithie6] 29/3/2014 14:26

Trak8
imo uninvestable since the dirs. control over 50%
and they seem to operate the co. for their own benefit and NOT for shareholders.
imo their acquisition of BOX and treatment of shareholders was immoral and imo illegal....

so many companies, if possible I avoid companies with dubious director conduct...often ends in tears (OCH, MOS, Globo, CPP, Cupid et al, AIM is littered with them)

(they allowed themselves to subscribe for lots of shares at 22p while not allowing shareholders to, and Company Act requires equal treatment of all shareholders)

co. operates around break even, no divi. and now has a sizeable debt relative to cash generated....so shareholders may never get anything
cap. value is around 3 X turnover, + high debt/cash generated. Expensive imo.
...tracking companies, "lots" of competition, C21 and various others in UK, USA etc

(at 22p it was probably a buy but now at over 50p personally I dont think so
---

looks like co. had around 19M shares before acq. of Box and 28M after
massive dilution
the dirs. put money in their own pockets ...by allowing themselves to get shares at pre-news price but not allowing shareholders to get shares
basically insider dealing imo...while some shareholders may saw 'I dont care what the dirs. 'steal', as long as the share price goes up and I make some money' (I dont agree) (by law shareholders have equal rights, not different as per Trak)
---

What future tricks could the dirs. do ?
Lend the company money as say 15% ...and convertable at say 70% of mkt share price at the time, and with 1 warrant for each share after conversion.


Couldnt happen ?
Jim Mellon did that type of deal at co. where he is ex-chairman. listed IoM Bank.

On AIM it appears you can do almost anything you want.
At PTO the MD has a loan paying him 12%.

(Or sell shares at a high price....then some bad news...the debt then becomes a worry, share price falls..and then make an offer for the company at a low price.)

[cfro] 20/3/2014 14:18

Well, funny you should mention TRCS (one i sadly didnt invest in) but was thinking along those lines when i thought about making a purchase here.

I reckon there will be a string of contract wins announced in the coming months.