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Trakm8 pick up an award - no idea if this is just a 'throw money at it' type of award.....but good nonetheless
Innovation Award: Trakm8 (Highly Commended: Allstar Business Solutions)
https://www.whatvan.co.uk/news/2023/what-van-awards-2024-winners-revealed
It will be 18 months of profitable trading
Not bad considering some strong headwinds
So on other subjects
Interesting articles on ten baggers and hard they are to find .......let's see what happens
Pot holes are aware of the 9% expansion between h2o in its liquid vs solid state ???? Our local roads are in a shocking state which will only add to insurance costs
Not sure how people rode motorbikes these days
I could go on to bemoan the general state of the UK politics
1.6m fixed rate mortgages move to variable next year more pain
From the Executive Chairman's Statement I see lots of positives, including:
* The Board believes that this capital investment should generate significant return on investment over the coming months and will ensure that we continue to deliver cutting edge solutions to our customers - the data centre stuff. I can only imagine what they must have been paying for hosting - although, I still worry about whether their's is a Tier 3 data centre or above. I also wonder if Maddie was using a lot of node time on the cloud which was expensive, so this allows for AI modelling.
* Fleet unit sales also decreased by 38% to 5,000 but with corresponding device revenues up 20% as more complex solutions continued to be delivered to new and existing customers
* Despite this, we believe that the point has come that growth in connections will now restart - addressing the reduction in connections (which doesn't seem a good metric to me anymore given that the routing stuff seems important)
* We are also expecting our Optimisation business to expand further into the home delivery space - one assumes this is a reference to the software contract - interesting, because I thought the Sainsbury's contract was just that. So my guess is this contract is an expansion of services from Sainsbury's (perhaps food delivery or Argos)
So blindly, I remain positive.
I think there is a pretty solid punt here. If the jam appears (I know, we've heard that before) then because of the massively reduced costs, FY24 there *should* be quite a substantial swing to a decent profit. In the meantime, they have secure the big contracts, stem the connections decline and the macro conditions (i.e, the 'dreadful' (who in their right mind thought to use such terminology in a market update??) insurance market) needs to improve.
Could be the perfect storm or another big miss...
DYOR
Yes, I chuckled when I saw the red light next to Trak on a Friday, but it doesn't read like a disaster (not to me anyway). Revenues down, connections down, but a return to a (meager) profit (at last). Outlook seems to be a concern, nonetheless - but that's not unique to Trak.
Broadly, they need to get someone new to draft these RNS however. Words like dreadful etc... are never helpful. Also sounds like they're having some trouble getting the software contract over the line. Seems like it's been pushed back to 2024, when they previously said results were weight to H2 because of the contract. Perhaps it's a different contract they're referring to?
Just my take as an non-invested observer.
Good luck today.
RNS does not read terribly to me - but is is a Friday, so always suspicious - can someone with a better understanding let me know. Not sure I agree with their data centre plans - most have gone to the cloud for good reason. Also, debt still high in my opinion - thought one of these loans had to be paid by Sept......
About sums it up for me - also, wondering what I must have done in a past life to deserve the purgatory
I haven't got a clue if this is the greatest investment just waiting to take off or will be bankrupt tomorrow????
Not a clue
I have missed all the fun
And just like that, back where it all started (almost).
Interesting, timing seems to fit - although, wouldn't she have to have declared owning them in the first place - as a director?
Might be the seller?
Not wrong.....
Look out for some late reported trades.
In my made up world I saw this as a leveraged CFD/Spreadbet and the company has bought some/all of the underlined stock to hedge itself. The position was possibly taken with a view to the reported 9th Nov update date; and now it is been unwound. Obviously, I have no clue. I just think that CFD positions tend to be short term (at least mine are). In the grand scheme of things it does not matter - provided Trakm8 don't announce something bad (obviously)
I wondered whether the finance company is just the holder, rather than the buyer. If they're the buyer than that seems odd that they would pick an obscure specialist stock like trakm8, which historically has huge risk attached to take a long position...without knowing something we don't. Same - but perhaps to a lessor extent - if they are short.
Someone seems to be selling down at any cost, but the trades aren't what I would call huge amounts and if I held I wouldn't be concerned (yet). And yes someone is buying - could be just be the MM at this stage, however.
Agree re timing of results. But I would still be interested to know where LSE got their date from...
Indeed. If it is material then they must update the market either way.
My reasons are
The position taken by the finance company
Are they long or short ? What is there reason for doing that?
Volumes of trading does appear to have picked up
Ultimately to sell the stock someone needs to buy it
I am personally expecting normal timing for hy results early mid Dec
But this software contract must be close to conclusion one way or another
What makes you say that?
Were the results scheduled by the company? Has anyone emailed IR? If not the it may simply be a bunch of coincidences.
Something does appear to be up
Thanks....
50,000 of volume logged on advfn.
My turn to say perhaps a JW accidental sale
Well, it's not clear when the HY results are.
Probably be a reported trade later or tomorrow.
Or is there a leak....prior to the HY results
In either direction it appears......waiting for the trade that knocked this 10% just before close