Trakm8 Hldgs Share Chat (TRAK)

With Brexit now on track to be resolved by January end and the end of uncertainty the contracts here will start to roll on IMO. Lots of businesses were holding back and now there's no reason anymore.

Arden had a new note out today, very optimistic about it.

Title is: "TRAK: Possible sentiment boost on election result"

I think it's unlikely. But you might see a cash offer. Personally, however, I can't see the BOD selling for below £1 - £1.50 - they've got far too much skin in the game.

Is there an opportunity for a reverse listing for Microlise perhaps?

Thanks for the update. Correct me if I am wrong but isn't the increase in debt because the R&D tax credit did not get paid in the period?

I tend to agree with you that consolidation in this market needs to happen and so merging these two companies would be an obvious start (if Microlise want the burden of a manufacturing company)

Yes, Happy xmas to you

Hi all
Well the update came.
Interesting small article on sp. Was negative did not like the increase in debt and balance sheet weakness which is reflected in the current Sp.

So h2 is really important which i know is a statement of the obvious. My aa renewal due soon cant wait as we are high value customer so i am going to push them hard to get smart breakdown include in the current price.

Then need to see the sales team really deliver and lexus nex contract get underway.

Hopefully next update in feb will be positive and brexit underway with a decent con majority.

Still zero value in this sp so huge potential if they get it right.

Must be planning for £30m rev next year.

They will merge with miroclise at somepoint just a case of when the jw can exit with £££££
Plus makes perfect sense to consol in due course.
Merry xmas all and good luck.

Not sure I agree.... I mentioned before that a colleague of a colleague had been approached by both companies. Either they heard it wrong, a rogue sales person exploiting the name or they are working together. The context of the story was about how they were approached, not by who so no reason to make up who approached them.

There aren't any benefits for TRAK, Microlise stepped in to avoid TRAK going bust. Microlise was just protecting their clients.

I would have liked to hear a little bit about the investment made by microlise last year, particularly how the two businesses are benefiting from any synergy together or closer working relationships.

Can't see any LTHs selling at this point, and new entrants will want to get in at the current SP before it really takes off in 2020.

In the meantime, 30p would be a nice Xmas present.

Of course, there's the small matter of an election before then.....

Trakm8 Holdings (LON:TRAK) reported their H1 results today and as expected another loss followed but a few things were displaying the start of a turnaround that is taking place.

- Cost cuts across the entire company: headcount, factory, R&D led to substantial savings

- Cash generation massively improved from -400k last year to +1.4m now.

- AA customer committed to 45k units ordered within the next 12 months which is a substantial contract considering they have 150k devices now in Insurance & Automotive. Alstrad, ByMiles, LexisNexis all shipping now new devices and 2 more insurers to start in December and January. The Insurance side seems to have stabilized and start to grow soon.

- Fleet, where best margins are at, continues to rise nicely and new contracts are secured.

This looks to be the bottom to me, as evidenced also by the recent rise in anticipation of good news. If they finish the year profitably as announced today then that means the company is back on track towards profitability and from a much better position than they were before due to the new products they developed.

Rise in £ is also set to help them a lot in 2020.

I hold and although I had lost faith recently, I start to change my mind after the recent results. The format of the RNS and language used is finally at par with what it should have been, telling it as it is.

Blondeamon
What is it saying??

https://app.stockopedia.com/content/trak-start-of-the-turnaround-in-2020-535986?order=createdAt&sort=desc&mode=threaded

Would be nice to know what the take up of AA connected car has been, though we aren't likely to know before the AA's next trading statement in early Feb.

But the AA website seems quite user friendly, so anyone wishing to choose the option can easily do so, and hopefully they have in large numbers.

If take-up has been encouraging, I wouldn't expect there to be specific mention of this by Trak this week (?), but it would at least enable them to be more upbeat about trading prospects generally.

Ultimately the AA will benefit from this technology, be it resource allocation for their breakdown cover, disclaimer stuff (i.e. you should have got it fixed) or from an insurance perspective. If they can't sell it they would have to consider whether these and other benefits outweigh the cost of giving it away. How would Trakm8 be negatively affected by that? The only negative is that they stop using such technology and I cannot see that (ok, they may move away from Trakm8).

Pray it's not the actual launch as then it's a massive disaster.

Indeed. 30p would be a nice start. Lets not forget, it went back to 37p shortly and quickly after the Microlise buy in - so we know how fast it can move. However, we have little idea of how well or badly market expectations (which were fairly modest) are progressing.

I do believe smart breakdown has been launched though. It's been available on the AA website for around a month. Sadly, however, with little fan fare.

The recent snippets of news re contracts (albeit not the AA), recruitment etc, and the recent SP recovery from 15p (!), and no reported divestment by major holders, gives some hope for a relatively upbeat trading update.

So I still think a rerate to 30p is possible - but even this would be no "get out of jail free card" for most holders, unfortunately.

I agree with you about the BOD; but I don't think the jig is up just yet.

The board is one of secrecy and incompetence. This is the most important event of the year for them, along with final results. And they have no date, they do not reply to emails since last week and have everyone guessing.

Maybe it's curtains down time?

Nosugar the last update said early December. This week is early December in my books...

10 out of 10 for effort BE.

Ash what makes you think this week??

Believe they are due to report half year by the end of this week.

I emailed the company and they didn't bother to reply. Shows you what they think of shareholders, keeping everyone in the dark about their Half Year results.

Useless board.

Some great deals with 33% of membership.

You can sign up with smart breakdown for under a tenner a month for basic cover.

But importantly smart breakdown is a key offer. Easy to see if your car is compatable.

With a market cap of £10m is company is basically priced to go bust. Plenty of upside from here if next update is positive.
They paid 8 or 9m for route monkey alone.
Plus spending 3 or 4 m on r and d.
When is that update coming?????

I've head of this chart guy, but not sure I buy fully into this sort of analysis. SP movements are dependent on so much. What's important is what is said (or not said) in the impending RNS.