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TRAK Trakm8 Holdings Plc

4.75
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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 0.00% 4.75 0.00 07:49:21
Bid Price Offer Price High Price Low Price Open Price
4.50 5.00 4.75 4.75 4.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Transportation Equipment,nec 16.09M -1.21M -0.0242 -1.96 2.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.75 GBX

Trakm8 (TRAK) Latest News

Trakm8 (TRAK) Discussions and Chat

Trakm8 Forums and Chat

Date Time Title Posts
06/12/202418:08TRAKm8 Cutting edge Telematics & vehicle management5,809
30/3/202121:54trakm8 - Ultimate Vehicle Control - NEW ISSUE1,596
10/8/201612:22Trakm8 - TW talks crap-
16/2/201615:27Trakm8 - TW says worth jack sheet-

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Trakm8 (TRAK) Most Recent Trades

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Trakm8 (TRAK) Top Chat Posts

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Posted at 13/12/2024 08:20 by Trakm8 Daily Update
Trakm8 Holdings Plc is listed in the Transportation Equipment,nec sector of the London Stock Exchange with ticker TRAK. The last closing price for Trakm8 was 4.75p.
Trakm8 currently has 49,975,002 shares in issue. The market capitalisation of Trakm8 is £2,373,813.
Trakm8 has a price to earnings ratio (PE ratio) of -1.96.
This morning TRAK shares opened at 4.75p
Posted at 05/12/2024 13:08 by dave2608
How much are the running costs of being on AIM? Well the core, that's core running costs are a minimum of £200,000 according to this 2019 article. Add in inflation and look at these costs as a percentage of the current market cap (£2.25million) and perhaps you have to ask if it's worth TRAK being on AIM.
Posted at 29/7/2024 16:10 by arthur_lame_stocks
I'm not an accountant but as far as I can see TRAK are technically insolvent and the financial position is getting worse.
Posted at 19/4/2024 16:20 by 6jacko
Had a rest from this chat as i just got totally dismayed by it all. Nothing changed at all in time I've been away, Watkins clan still creaming it to afford the new ranges and Ferraris that keep coming every year and still equally as arrogant and clueless. The old man just wont stop dying his hair and pretending he is still current and knows how to run a business which he clearly dosnt. Some good people on board but I'm told they are puppets with no say or influence as its Watkins way or the high way. Interesting to see Insurance holding its own but fleet going down in connections and churn- the Monkey is really running the Zoo in that area. Lots of lost opportunities' and churn as big fleet customers moving to other telematics players, still working in the industry, Trak are not seeing as competition at all on both telematics and optimization and are seen as a company waiting to go down or be bought out.
Posted at 03/4/2024 19:28 by dave2608
They are prepared to pay 18% interest on 900k worth of CLNs and additionally as a consequence £1,580,000 of CLNs issued on 13 September 2022 are to be jacked up to 18% interest? That's some additional interest they are going to be paying. And it looks like a large chunk of this interest is going to be paid to erm......the directors. Also, nice how you can change the terms of the Sept 22 deal isn't it? And that's not just the interest rate; The convertable price too. But all of this allowed them to pay 500k for the rights to use certain ip from Action 365 plus provide 400k towards working capital. What's so special about Action 365s ip that they are prepared to incur all this additional expense? Very little at a guess. It's most likely a smokescreen.

What the hell is going on? I suspect jiggery pokery. They've just engineered another way to keep this sh*t show on the road and to make the headline figures look better, albeit in the sort term. Nice juicy interest rate for some of the directors too!!

All this IMO of course.
Posted at 25/3/2024 11:19 by andre
Insurance is never going to pick up. Insurance companies have used the black box carrot to get the new young customers on board but haven't taken usage seriously. Just a way to entice customers. Customers now jump around the black box companies with no loyalty.

So insurance companies have 'developed' app based tracking which uses the customers mobiles to 'track' their vehicle usage. These often come with option to 'switch off' the app if you are a passenger and not a driver (so it doesn't impact your score). I wonder how honestly young drivers use this option. Especially as threats of cancelling their insurance for speeding or bad driving are also a part of the app. (Frankly, none of this is anything to do with encouraging better driving... just getting new customers at rip off rates).

The upshot being that insurance doesn't need tracking companies to pull the same con that insurance tracking was created for. They do it themselves at no cost.

Insurance tracking is dead. Quartix and others jumped off this bandwagon ages ago. Trak is left depending on a dead market.

All IMHO.
Posted at 25/3/2024 11:19 by smithie6
Microlise has ~£17 nett cash & it's turnover has ~12% organic growth.

So, if they wanted to they could buy TRAK, but does TRAK have any IT products that Microlise would really want ?
Noting that Microlise is growing turnover while TRAK is seeing reduced turnover.
The production capability might be useful for Microlise to own. But I assume it is much cheaper to get production done in India where Microlise has some presence. (But perhaps some questions about quality etc).
Posted at 25/3/2024 10:54 by smithie6
..ah, yes. 2013. Vague memories of that acquisition floating back to me.

Interesting to note the large subscription in cash in that acquisition for new shares by the current boss. £350k +/- X< @ ~22p.
So he's sitting on a big loss at the current share price. But with his salary & benefits over >11 years he is surely winning overall.
Posted at 24/3/2024 11:43 by smithie6
Dave2608

Your post looks pretty accurate.

With Microlise investing £3m for shares there were big hopes that TRAK products could be sold via Microlise in other countries where it is active, such as India. Clearly it hasn't happened in any volume.

Be interesting to know what Microlise & Nadeem Raza thinks now & what he wants to do with their stake in TRAK.
Microlise owns 10m shares & Nadeem owns 600k shares. And £1m CLN, convertible at ~17p.
The CLN is repayable or convertable in Sept. 24.
TRAK probably can't pay back the loan at the moment so perhaps it will be renewed, if the lenders agree. And the lenders surely wouldn't want to convert to shares at 17p.

Although the performance is not so good at the moment, what is the value of the existing hardware & software, existing contracts & recurring revenue.
For Microlise or A.N.Other one would guess that the value is higher than the current cap value, although the debt that goes with it reduces the selling price.

-----

Personally if I was Nadeem I would be inclined to , as the
1st step. remove the boss at TRACK since the turnaround over the last few years, which has cost a lot, has not imo delivered.
2nd step. Another round of cost costing. Cut back the investment/costs in R& D.
3rd step. Declare that operating at breakeven & invite offers for the company.
Posted at 22/3/2024 18:12 by smithie6
primarily due to ongoing shortages of insurance capacity"

Does anyone know what this means ?!

Surely there isn't such a thing as a shortage of insurance capacity ?!
...as long a clients are willing to ay the price quoted by an insurance company then surely the "insurance capacity" for the motor vehicle sector is limitless, no ?

How many vehicle insurance policies in the UK ? 70 million people, say 40 million adults of 18-70 years, perhaps 20 million insured powered road vehicles, is that a reasonable guess ? Or too low ?

I struggle to see how there is a shortage of "insurance capacity", as TRAK claims.
Posted at 09/3/2024 13:20 by smithie6
Are we hopeful for TRAK ?
Trakm8 share price data is direct from the London Stock Exchange

Trakm8 Frequently Asked Questions (FAQ)

What is the current Trakm8 share price?
The current share price of Trakm8 is 4.75p.
How many Trakm8 shares are in issue?
Trakm8 has 49,975,002 shares in issue.
What is the market cap of Trakm8?
The market capitalisation of Trakm8 is GBP 2.37 M.
What is the 1 year trading range for Trakm8 share price?
Trakm8 has traded in the range of 4.50p to 16.00p during the past year.
What is the PE ratio of Trakm8?
The price to earnings ratio of Trakm8 is -1.96.
What is the cash to sales ratio of Trakm8?
The cash to sales ratio of Trakm8 is 0.15.
What is the reporting currency for Trakm8?
Trakm8 reports financial results in GBP.
What is the latest annual turnover for Trakm8?
The latest annual turnover of Trakm8 is GBP 16.09M.
What is the latest annual profit for Trakm8?
The latest annual profit of Trakm8 is GBP -1.21M.
What is the registered address of Trakm8?
The registered address for Trakm8 is 4 ROMAN PARK, ROMAN WAY, COLESHILL, WEST MIDLANDS, B46 1HG.
What is the Trakm8 website address?
The website address for Trakm8 is www.trakm8.com.
Which industry sector does Trakm8 operate in?
Trakm8 operates in the TRANSPORTATION EQUIPMENT,NEC sector.

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