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Good point - it could be related. Surely we won't have to wait another 11 1/2 months to find out.
Being forever optimistic and usualky very wrong - is this related to the optimization (sp?) contract?
Fantastic endorsement from Iceland. If only it were reflected in the SP, now only 9.4p to buy! So frustrating...
A nice post re Iceland that includes compliments to Trakm8
"I am personally very proud that 2 of the awards that we have been shortlisted for (Technology Project of the Year and Delivery Solution of the Year) are for the program of works that I have led for the implementation of our fantastic new Delivery Scheduler System, which utilises AI optimisation software, developed in partnership with Trakm8 which has supported our wider Digital Transformation agenda."
https://www.linkedin.com/posts/seran-houlton-1a883812_retailsystemsawards2024-greatteamwork-collaboration-activity-7184520606380392449-XnBg?utm_source=share&utm_medium=member_desktop
Yes, it could be high staff turnover, but is that due to getting rid of the dead wood, or after the rats have left the proverbial?
Great find..... I guess it always comes down to the following - high staff turnover or growth (probably the former, hopefully the latter - maybe a bit of both)
“Join the @Trakm8 team! We're on the lookout for passionate individuals to fill key roles within our company. If you're ready to embark on an exciting journey in the world of technology and innovation, then look no further.”
Thanks, I think that makes a lot of sense
What I mean is, I'm pinning my hopes for a recovery in the SP on the contract rather than a takeover - though I still don't think the language ML have used necessarily makes a takeover unlikely, because I think when ML talk about M&A, Trak being already an associated company is regarded as a special case, not to be lumped in with the various other companies they are targeting.
Not sure what you mean by 'more store' - if the contract does get signed I expect this to be a bumper year as it rolls two profitable years into one (assuming insurance capacity [whatever that means] has got back on track).
My take on the update from ML is that they either think Trak is already a done deal (they don't need to acquire anymore, or it will come naturally) or they are not interested (because Trak does not have an international reach). I.e. no imminent deal
From Ml's final results today:
"The Company remains alert to further acquisition opportunities, particularly internationally, both in markets in which we already operate as well as new geographies.
"M&A remains a core part of our strategy and we continue to see a robust pipeline of opportunities. We continue to assess further acquisition opportunities, with a current focus on international business, both in new geographies and in those in which we already operate, and will act appropriately should they align with our immediate and long-term strategic focus."
Personally, as regards the possibility of Trak becoming a target, I'm setting more store by that elusive software contract than anything else....I just hope we're not kept waiting again till the end of the financial year!
Bunch of people jumped ship, recently?
Sales director? Group or..? If group, that’s a big job and generates the question of why there’s a vacancy. Clearing the chaff after poor performance? Or simply the transient nature of sales / the industry? Point is, they’re pushing on.
Agree re the ‘expanding rapidly’ … should that read, expiring rapidly? Or expending rapidly. Trakm8 are certainly known for typos…
GLA
"The company is expanding rapidly...". Sounds good (except if they've always been saying that!).
As of writing - 7 jobs!!!!
Corporate Sales Manager
Full Stack Software Engineer
Account Manager
Junior Application Engineer
Technical Support Advisor
Sales Director – Insurance & Automotive
Internal Sales Executive
https://www.trakm8.com/careers/
Sorry I missed all the fun yesterday
Ml raza get closer to full control
I would imagine there is clause that stops them from buying shares on the open market
Just a question of when not if
Jw and trakm8 need a good run so that the end price is closer to 50p
Ml and raza on a no lose
If trakm8 do well they benefit
If doesn't go well they get it on the cheap
As stated how long can jw keep pulling rabbits out the hat
Made me laugh oh by the way just spent another half a mil
Let's hope that contract is a stonker
KBYK - it certainly does feel like Groundhog Day!
Interesting that ML/Raza now have £1.1m tied up in CLN's, and with the lower conversion price of 8.1p, this will potentially give them an additional 13.6m shares, taking them to c38% I think of the enlarged share capital if no one else converts. Edging ever closer to a takeover?
By the way, I wonder who the undisclosed subscribers - who've stumped up £590k of the £990k - are. It's hard to believe, with the large sums involved, that they're not connected with the company in some, possibly obscure, way.
dc2 - maybe agreement was close when the software contract was first mentioned. Then something or other happened to delay it....
I now just think it was unfortunate timing. They had no choice to report the contract slippage. My bigger beef is why they had to announce it as material in the first place. Surely no contract has merit until it is signed.
*Were they crying wolf last week, I wonder?*
Strange isn't it. In fact the whole thing is just odd. It's a kind of agonising, endless saga that never quite seems to get over the finish line one way or the other. Perhaps Raza is now caught in this strange never ending journey.
Still, the company lives to fight another day - or year at least.
Yes, what stands out is the timing. Were they crying wolf last week, I wonder?
On the face of it, today's announcement is a clear vote of confidence from the directors. Cynics would say, yes but it's in their interests to keep the company going, because that will ensure they can continue to draw their inflated salaries.
However, this is not true of Raza, who's put in another £100k. Then again, what is that to someone worth well over £50m?
Overall, though, I think today's RNS is good news. I'm surprised therefore to see that you can buy the shares today cheaper than you could yesterday. I don't think this will last. It could even double if the elusive software contract is landed.
That's how I read it.
Micro driving a hard bargain...
The odd thing is why they don't simple buy the company and have done with it. One can only assume that JFW won't sell for anything like a reasonable price.
This is good news but the timing.... all of that arranged within 5 working days of the profit warn over Easter. CLNs now with 50% extra interest and halve the conversion price (if I read it correctly). Don't get me wrong - it is better than going belly up.
Amazing.
A raise of some sort was inevitable, but it does sound like the music has started again. You have to hand it to the Trakm8 BOD, they have an uncanny ability to survive.
GLA
Seems there’s still mileage in the Tank
That is great news for ML; although it does make me wonder the point of Trakm8 (to ML) if they can deliver this contract including home deliveries (does that include optimisation) without them.
Good point about their presentation - hopefully some breadcrumbs for us.
As for the share price - my worry on that last RNS was it sounded like the end of the road - so as long as that doesn't happen I can live with the current price (for now). I am a little more bullish following Allenby - but need the contract to be signed very soon to stop me slipping back into despair (lol).
ML's SP has jumped today following its RNS re a AU$20m contract - good news for ML is indirectly good news for Trak of course.
Also, ML have confirmed that its audited results for 2023 will be issued on 9/4/24, together with a presentation to investors at 11am on the same day. The presentation may be worth watching for any clues about their intentions towards Trak.
It would be nice to think ML will at the same time take the bull by the horns and announce a takeover of Trak - at a decent price of course! But I suspect nothing will happen and nothing will be said, unless they are specifically asked to comment.
More likely is that the long-awaited contract will be landed by Trak, and the SP will drift back up a bit, perhaps as KBYK said to 14/15p, or a bit higher even depending on the size of the contract. But still not high enough to reverse (most) investors' losses...