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But I've just done a test purchase of 10,000 and was quoted 17.5p, so something is brewing....
Nope not ML, the LSE entry said it was Trakm8's half year results tomorrow, but as KBYK states, it is all a bit early - so may or not happen - and if it does, does it mean anything. Good to see buying though......
Looking like three buys today
Is it ml results tomorrow???
Well, the 1m sale in Micro must go some way to explaining the recent and dramatic fall in share price over there. But whether it has a relationship with anything happening here, I don't know. I'm not a close watcher here anymore - I just happened to see the RNS.
My sense is there are too many coincidences..
Yes, results are listed for tomorrow, which seem early in the calendar to me.
Another coincidence?
Be interested to see what they report tomorrow.
My understanding (from LSE) is that Trak announce half year results on Thursday
Well something is up
Razza just done his 35 yes with ml
Know no .... what's your view??
Timing is coincidence considering my post yesterday will the rns be like London buses
Late trades in - over 3 million SAAS shares potentially sold
Looks like a whale has been selling Microlise - circa 2 million shares - what do they know we don't
LOL
Probably get a follow up RNS reversing it - saying it was a fat thumb trade by Watkins...
I just read it that someone has leveraged a position via CFD/spread betting. Am I wrong? Irrespective, someone has taken a large position so not complaining.
That is an extraordinary RNS for Trakm8!
Something brewing here? Still on the sidelines for now.
Well if dave seaman couldn't save them no one can
Too much debt as usual my understanding
Seems housebuilders are protecting their cash
Only putting up a shell
No paying sub contractors until completion
Few people I know have been laid off sites after a very good 5 year run
Just had a quick look.
Suspended and gone into receivership?
Out of the blue?
Did you get a chance to read the safe style message board??
Another tale of woe from the AIM world?
One might assume that SaaS's decline is down to its PE Ratio of 78, which in a risk-off market probably looks frothy. I traded it a bit but exited around 150p last time (thank goodness) for this reason. I agree, I still find it odd that they didn't attempt to take out trakm8. Perhaps JFW has too high a price in mind. It may happen once the convertible loan note becomes due, however.
Hello all
So the clock ticks.....
Couple of thoughts from me....
Mircolise decline in share price must be a bit of a concern
Peaked at around 2.50 now sub £1
And that is with a tip from the Sunday Times
Mircolise have an m and a person ..... so basically his job to look for company to buy
1st question would be why no make a full bid for trakm8 surely???
Trakm8 - I have read and listened to alot of commentary about the UK car insurance market recently Inc. R King of ticker fame
Will be interesting to see if the market for telemetry is improving
Trakm8 won a European award
Hopefully an indication of a wider contract that generates euros
So no thoughts either way really ....
Head over to the safe style board things could be worse
Trakm8’s RH800: A Game-Changing Solution for NE Transport Solutions’ Fleet Management and Safety
https://www.trakm8.com/news/trakm8s-rh800-a-game-changing-solution-for-ne-transport-solutions-fleet-management-and-safety/
Watching from the sideline is a good play
So two things need to happen the software contract and a better h2 which will flow into next year
There will be plenty of opportunity to get back in for anyone keeping a close eye in trKm8 it will be at least a week or two before the herd arrive
The next six months will fly by
There is real downside risk if h2 is poor and no software contract let's hope its not with the Iranian AA
Report is https://www.trakm8.com/wp-content/uploads/210923-Capital-Markets-Day-Presentation-Deck.pdf
Not a huge amount of info in there.....
Interesting point -
"Overheads excluding Interest, Depreciation and Amortisation running £140,000 lower per month at the end of the first 5 months compared to prior year despite inflationary pressures"
and
"Interest, Depreciation and Amortisation running £50k per month higher than prior year"
So £90k better off each month even with interest hikes and inflation. My worry was about the impact of debt and it looks like they navigated that well.
However, I am not convinced by this project "£0.5m investment on in house-data centre to reduce external hosting costs impacting all of H2 - £0.6m saving per annum" - this requires hardware, staffing (inc out of hours support and a whole host of business continuity) as well as electricity (that's my worry). Could be wrong.
*It is jam tomorrow again but the toast is ready .....*
The toast has been ready and waiting for quite sometime. now...
Still, if they hit their numbers this year - and they say they will (profit over growth and all that, due to econ climate) the jam will be well worth the wait.
I personally, just got tired of waiting, but that could be to my cost, yet.
GLA
I am pretty relaxed
The UK car insurance market is a rip off with same old companies doing the same old things
Companies like ticker will change the market
It is jam tomorrow again but the toast is ready .....
Hang in there
Like the cost reduction element
Hopefully, CMD will stimulate some interest. Meanwhile, the shares have inevitably been marked down: yesterday, 17.4p to buy, today 16.6p (so far).
Very good point about the profit forecast - I wonder what will come of the CMD presentation.
Not surprised about the insurance capacity and pricing issues, in view of my own personal experience. However, it's a shame they don't highlight in the trading statement the fact that they still expect to make approaching £2m adjusted profit this year. The question is, when will that be reflected in the share price?