Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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my view 68 you are certainly considering an exit strategy. sure there are always exceptions to the rule and i have no knowledge of JW he might be the fittest sharpest 68 yr about. most blokes i know from golf who are 70 plus have some sort of issue.
so my general point is in the next two to three years he will want the kpi in good shape after the years of getting to this point.
therefore i think they will be looking at very strong exit into 21/22.
then the brokers can forecast eps etc. time will tell
But I'm sure they wouldn't turn their noses up at, say, 50p per share. That would get my vote, too!
68 is relatively young in this day and age. JW also has his son to think about.
Watkins is 68, according to Companies House.
how old is jw pretty sure he will want to exit on a positive and bag some cash??
plus mircolise still i the background
how old is jw pretty sure he will want to exit on a positive and bag some cash??
plus mircolise still i the background
I completely agree, given the negativity surrounding the company you would have to assume they furloughed as many people as they could get away with. One positive may be they are able to re-evaluate their staffing needs i.e. a 25% drop in staff does not imply a straight-line drop in activity. Perhaps they are just working better. Ok, I'm sure some would argue they only furloughed the minimum in order to keep up appearances.
Perhaps he has an eye on JFW's job.
Personally, I see no problem in appointing a turn around guy to a leadership role in a company that requires turning around.
NHM and her team in fleet did a good job, but perhaps this chap can do a better job ..across the entire group.
I notice they haven't moved to appoint replacements for either Sean Morris or Nickie.
They are however recruiting sales people.
Also, they had a staff of just under 250 employees, but only furloughed 63; one must assume therefore that whilst there has been decreased activity, the business continues to the extent that aprox 190 people are required day-to-day. 20-25% reduction in activity? If so, then perhaps the situation isn't as bad as some suggest.
I'm in it for the long term (or the end of summer if you believe some). This is priced for failure, especially when compared with QTX, but I remain optimistic. If the new director is a turn around expert then I hope we will see some of that - I have said it many times before (probably on the other site) but the directors are too greedy for the situation they are in. Hopefully, he will cull the BOD.
i have a trakm8 ic article from 2016
which confirms you long suffering comments
i feel your pain....i am positive because i am seeking to confirm my decision which is a dangerous game but hay ho
good to know at least a few of us out there
if new people start posting that could be a sign
plus volumes so thin it could move quickly either way as it has done
An RNS announcing a game-changing contract (or two) wouldn't go amiss, while we await a trading update.
News of completion of the CBILS loan and of any reduction in furloughed staff would also be of interest, and give a little much-needed lift to the SP.
good thing about sainsbury the guy taking over mr roberts is the person who has being involved with argos and sainsbury intergration.
so likely to be aware always risk when you get a new person they put a block on everything.
time will tell.....
plus very interesting article from lexis nexus/forbes on the american market
Well that's the rumour.
We'll have to see if there's any truth to it.
It's also possible that the deal will fall through completely of course.
I agree re ByMiles. It's exciting for Trak, and I think the way people travel and insure will have to change post-COVID.
ooohhh sainsbury now that would be good.
all those Argos vans as well.
take you point on cancellations but this is worth a read and hence why i relatively positive
https://insurtechgateway.com/2020/05/22/by-miles-founders-series-b-and-beyond/
I don't think the math is that straight forward, as there will be cancellations and so on. We should hope for some increase however.
What I'm more interested in at the moment is the impact of COVID19 on revenues/profits/outlook.
Agree re the timing of the update (July, alongside year end results), let's hope it includes confirmation that the retailer (sainsbury's by all accounts) completed negotiations.
think the Aa has handled lockdown really well and will benefit in the long term from the PR i can see them offering something to nhs/key workers.
the aa is making a huge play on data and tech being at the heart of their strat. trakm8 is a key supplier the debt burden is the issue for them. the share were 70p only recently.
back to trakm8.
240k conn at sept
245k conn march
40k Aa min conn to come before sept plus normal growth put sept figure at 290k = 20% growth
i estimate another 25k to 40k by sept so somewhere north of 300k is a great result and sets up 400k+ for the full year
i expect news early july but who knows plus very keen to find out the supermarket contract
ingenie reviews starting to come through now check them out
...for long-suffering TRAK shareholders. But who knows, this could be the month! (if only as a result - hopefully - of further positive vibes from the AA on Smart Breakdown).
The only saving grace is that being a TRAK shareholder got me interested in the AA, where I'm already showing a decent profit, but nowhere near enough to offset my TRAK losses.