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 Shares Traded Last Trade
  0.00 0.0% 16.50 1,182 08:00:00
Bid Price Offer Price High Price Low Price Open Price
16.00 17.00 16.50 16.50 16.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 19.55 -1.71 -2.19 8
Last Trade Time Trade Type Trade Size Trade Price Currency
09:58:04 O 1,182 16.4999 GBX

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Date Time Title Posts
02/4/202109:46TRAKm8 Cutting edge Telematics & vehicle management5,629
30/3/202122:54trakm8 - Ultimate Vehicle Control - NEW ISSUE1,596
10/8/201613:22Trakm8 - TW talks crap-
16/2/201615:27Trakm8 - TW says worth jack sheet-

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Trakm8 Daily Update: Trakm8 Holdings Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TRAK. The last closing price for Trakm8 was 16.50p.
Trakm8 Holdings Plc has a 4 week average price of 14.50p and a 12 week average price of 12.50p.
The 1 year high share price is 25.50p while the 1 year low share price is currently 12.50p.
There are currently 49,975,002 shares in issue and the average daily traded volume is 39,937 shares. The market capitalisation of Trakm8 Holdings Plc is £8,245,875.33.
bottomfisher: Judging by the comments of several contributors to this chat room, TrakM8 has no future. However today’s announcement of the granting of 250,000 options to several executives at an exercise price of 32.5p per Ordinary Share, to vest on 27 November 2023, is mildly reassuring. The options can only be exercised if the mid-market share price is 50 pence or more at the time of exercise. Given that so many companies issue executives with nil cost share share options, it is encouraging to see options being issued with an exercise price roughly double the current share price. Whilst shareholders may question the ability of the current management team, virtually all of them have sizeable individual stakes and own just over 25% of the business. In addition they invested £717,000 at the time of the December 2018 share placing which saw Microlise come in as a 20% shareholder. Since then Nadeem Raza, Microlise’s owner, has invested £70,000 to more than double his personal stake in Trak to 1.2%, in addition to his company’s 20% stake. Whilst it is easy to pick holes in Trak’s recent trading performance, and highly stretched balance sheet, Trak’s management team cannot be accused of not having enough ‘skin in the game’.
michaelmouse: The 28% share price yesterday was great Andre. It's nothing compared with what might happen over the next few weeks/months though. The previous share price drift was lack of buyers regarding the uncertainty with the AA and Trakm8's second half trading. That uncertainty has pretty much been lifted this week leaving a positive outlook. Hence yesterday's stellar rise. The recovery is gaining traction. Nobody will want to be on the sidelines when momentum is fully restored.
trakm8fan: Blonde - no not ignoring trying to get the numbers to add up. Recurring is £40 per connection per year average. Which is close to £3. There is still the 10m none recurring which when added makes the number £80 per connection overall. I admit its possible they are selling these to ins companies at £3 per month and that feels very cheap to me. We know they're only just breaking even now. Their volumes definitely need to increase if they're going to make money and they need to increase quickly. I'm not sure that's true that Trakm8 doesn't do anything that others do. Yes you could argue for basic tracking its possible there is no difference. But when an ins co buys a service like this they're buying more than just the tracker. We know by miles use these trackers and we know there has been some talk about real odo from trakm8 being a differentiator for leasing companies. Beyond the basic tracker the only other areas which could interest ins companies is the way they can integrate their systems to work with the systems of Trakm8. Im still hopeful there are some differences other than price but now I'll be accused of ramping again which I'm not trying to do. I read on the lse board that someone bought insurance through by miles and didn't receive a Trakm8 tracker but another. So its not all roses yes I know that. Maybe I am deluded. Maybe I am blinkered. Maybe I will be wrong. I'm still hoping they make money. Come on Trakm8.
michaelmouse: Thanks Dave, if QTX was valued at £7.75m I'd buy QTX instead, but it isn't. QTX's market cap. at £171m is currently around 22 times larger than Trakm8's at £7.75m. It's also worth noting that QTX have a greater international presence in Fleet and their UK growth is not quite as impressive albeit still better than Trak's. Trak is still largely UK centric. QTX is the safer option for sure because it's consistently profitable and generates lots of FCF to pay dividends. Perhaps it's a matter of different investment philosophies? Trakm8 is clearly the riskier option but that's already reflected in the share price. If Trakm8 get it right from here and eventually perform like QTX (market cap. £171m) then you'll have a 22-bagger. For a similar share price performance QTX would need to achieve a market cap. of £3.7 billion. Imv Trakm8's likelihood of huge multi-bagging (again) is more likely than QTX's, but of course that comes with the inherent risks. You may disagree and prefer a safer option that's your prerogative.
dave2608: I've just been looking at Quartix's finals. It bears out what squeamish is saying. 81% of their revenue is fleet. 100% of their recurring revenue is fleet. They had £20.5 million of recurring revenue y/e 2019. 123,157 fleet connections at the start of the year; 150,640 at the end. Let's take a midway figure of 136,900. £20,500,000 / 136,900 / 12 = £12.50 each fleet device per month. So yes fleet is where the money is. Looking at Quartix's fleet connections shows how they've absolutely smashed Trakm8. Remember these are two revenue similar companies operating in basically the same field. Quartix fleet connections y/e Dec 2015 - 73,744 Dec 2016 - 87,889 Dec 2017 - 105,314 Dec 2018 - 123,157 Dec 2019 - 150,640 Currently 167,635 Trakm8 fleet connections - y/e March 2016 - 59,000 March 2017 - 66,000 March 2018 - 73,000 March 2019 - 76,000 March 2020 - 77,000 Currently 70,000 In more or less the same time period Quartix have gone from 73,744 to 167,635 fleet connections while Trak have gone from 59,000 to 70,000. On the 1st Jan 2016, Quartix's share price stood at 252.50p; it is now 352p. Trak's was 356p; it is now 15p. In the last four years Quartix has paid out 49.5p in dividends (y/e 2016: 11.2p, 2017: 13.5p, 2018: 12.4p, 2019: 12.4p). They've paid out over 3 times the current share price of Trak in dividends!!
michaelmouse: trakm8fan - Telematics companies revenues are derived from the sale of the actual units, installation charges and monthly fees (per device) after installation. At the last reported results (March 2020) Trakm8 revenues were 50% sale of units and installation fees, and 50% recurring revenues (monthly fees per device). Sale of units and installation costs are low margin. Recurring revenues are high margin. That's why the installed base of units figure is so important. If you look at QTX you'll see that their recurring revenues (installed base) makes up more than 80% of their overall revenues. It gives them gross margins around 65%-67% overall. So despite overall revenues not dissimilar to Trakm8 these recurring revenues give them profitability and comfortable FCF. It's the reason that QTX has a market cap more than 20 times greater than Trakm8 presently, but you can see the potential for Trakm8. That's where we want Trakm8 to head in the medium term. As pointed out, installed devices are creeping up again for Trakm8 which is good news. Also good news is that at the interim stage, Trakm8's gross margins had improved to 60% (excellent), costs had reduced and as a consequence losses have greatly reduced. The greatly reduced losses are chiefly because the high margin recurring revenues are currently a greater proportion of overall revenues. These high margin revenues are gold dust. That's why I believe that trakm8 is a recovery play. If they can improve the financial performance then expect a share price many multiples higher, if they can't then it's highly likely interested buyers will compete to buy them. This is just my reasoning.
apad: Goodness me, this TRAK/QTX debate has been simmering for a long time. I got into trouble back in the day for daring to criticise TRAK. Some posters were polite though 😊 TRAK was over a £1 then (down from over £3). I usually have a quick look at TRAK when QTX reports. Not sure why anymore. It used to be to try to get a second measure of the market change, particularly when QTX were losing insurance business hand over fist. Tough times. GLA apad PUGUGLY - 23 Feb 2017 - 22:42:40 - 1308 of 5251 TRAKm8 Cutting edge Telematics & vehicle management - TRAK APAD: Many thanks - Initial Google searches certainly show market is very crowded. For interest neither TRAX nor QTX showed up in the first 2 pages- with a search for "telematics fleet management route planning UK" TRAK was half way down the 3rd page 6 pages gone and no sign of QTX yet. I appreciate what you say about buy -v- organic. I instinctively favour the former as your staff should have far greater understanding and knowledge of the product- especially if a small coy - Sometimes however large coys think they have to buy in and end up losing the farm - The worst example I got caught by was Marconi during the internet bubble when the clever directors bought a load of duff software coys and went bust in short order. Small coys can also fail to develop the product to a meet customer requirements and/or fail to SELL it and so go bust - eg:Infobank - An old mate of mine (who was involved in the coy )made it to the Times rich list one year and then to obscurity the next !! Sorry off TRAK ! but looks like I will have to look very much more closely at TRAK management and business structure. many thanks to all those above who have given of your time and advice.
dave2608: trakm8Fan Of course everything isn't about price. It's about value for money and what you can afford. Reading your post, I'll admit I'm not entirely clear about the points you're making. I'm also looking for how these points differentiate TrakM8 from other telematics companies aka TrakM8's USP, which I believe is your cause for optimism. Is it one of the follwing: 1 "So the software which Trakm8 supply will be what people are interested in. If the software presents the information in a better way then this will be whats of interest." - Bespoke service, is that what your saying? Don't other firms offer this then? Are they incapable of offering it? Logic tells you that you'd have to pay more for a bespoke service. Are the AA paing more for their bespoke service? Won't many firms, especially the smaller ones decide that it's not worth the extra cost? Or are you saying that Trak's software presents it in a better way for all compared to other suppliers? Hmmmm surely a matter of conjecture isn't it. I doubt anyone has a one size fits all solution. 2."If you want to monitor a fleet of vehicles which are all moving around in real time then you need to use an app which is intuitive and well thought out." - What are you saying here? That no one else offers a monitoring solution in real time? You're having a laugh surely? However I suspect that you're saying is point 1 again that Trak's software is presnted in a different way, more intuitive better thought out, bla bla bla. Says who exactly? That's purely a matter of opinion. 3. "Then as a partner you want to know the company will be there to support you if there is a problem." - You're kidding me right? No one else offers a support service? Come on that's stretching it. trakm8Fan I think you're wedded to this idea that Trak has USPs, this being your grounds for optimisim. It really hasn't got any or none that I can see.
trakm8fan: I'm not gloating. Not sure if thats what you mean. Blondie used to be one of Trakm8's biggest Bulls. That changed. Now their biggest Bear. I'm struggling to see any basis for the doom and gloom now compared to 2 or 3 weeks ago. Trakm8's share price has started to rise since their results improved and then news of a contract win. I remember when JW decided to start buying companies and we all thought he was crazy. Now look whats happening. We are seeing news of a large contact win from one of these acquisitions. This changes Trakm8 from a Black Box company. This now makes us so much more than that. Is it a loss leader I dont know. I'm struggling to see how it could lose money if it is all software. Do we not already employee these software people. What do they do every day at work if it is not make software for us. If they spend their time making this software better so we can sell it to more companies like this one is that not good for us. Does that not further elevate us from Black Box manufacturer. Does that not further open up the possibilities of us selling this software to more large companies like the one in the RNS. Is that why the share price went up. Is that why people are investing here. Have people finally decided this business wont fail. If it wont fail then is the share price too low. If it doesnt fail then will the share price rise from here.
dc2: Thanks Dave, I think that was my point although I accept that the £1.7 may reflect the end of the period and so there may be extra cash (from the deferral).More telling is the QTX vs TRAK share price today. I feel the QTX's update was more brutal but the share went positive, unlike trak.
Trakm8 share price data is direct from the London Stock Exchange
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