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Is this the final trade on starcom prior to TRAC taking over? Not been involved in a company changing its name / ticker before and wondered if what we’ve witnessed today is the final exchanges of the old shares.
Looking forward to hopefully seeing an RNS in the morning with details of what’s next in the pipeline.
They said they would announce when live.
#TRAC
Anybody know to new ticker code relating to the new name ? Should be active tomorrow I would have thought .
24p appeared level 2
Hi HunkyMonkey
First post ever for me here though I have followed the stock for a while. Some background on me for context on my follow on opinion, I've spent over a decade working in tech so can talk to that side of things and therefore I'm no good at predicting short term share price moves.
That said a couple of things I wanted to share with the community:
re the new name:
"42" as many of you stated is due to the book/ film series 'a hitchhikers guide to the galaxy' where a future civilisation builds a super computer strong enough to calculate the precise meaning of life. 100 years after asking the computer the question it finishes calculating and spits out "42". Now that we have cloud computing many people joke we now have the super computer that can do this calculation, many companies therefore adopt 42 as a sort of short-hand/jargon to alert people to the concept that they are a trendy cloud company. So the new name is really "trendy jargon-trendy jargon- tracking solutions".
Re: Crop X
It seems to me that after their last round of funding and due to the pandemic they are on a competitor-acquisition spree. This could be very bad for us if they determine their acquired tech is better than their own (which it may be as acquisitions are determined by shareprice + liquidity this early in a companies lifecycle less to do with the underlying tech). So it could go either way, that said it'd surprise me if CropX retires their signature product range so quickly, more likely they will dual run two options. The below deal also doesn't surprise me as when they bought their competitor this was their major customer so it makes sense they would want to negotiate to keep the sales.
Re: the future
Looking at the current BoD and the Non-Exec they seem to have a history in developing companies and then selling them, which can be very good for us shareholders. I suspect this is what is driving the consolidation, business jargon new name, website and so forth. It very much is a B2B company. Having worked with several large multinationals I do know if they like the tech of a company this small they are more likely to buy the company and 'own' the tech (stop competitors getting it) over placing a multi million dollar orders with them.
https://m-scoop-co-nz.cdn.ampproject.org/v/s/m.scoop.co.nz/stories/BU2111/S00319/cropx-and-irrigationnz-joining-forces-on-irrigation-efficiency-app-the-bucket-test.htm?amp_js_v=a6&_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16376083447845&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.scoop.co.nz%2Fstories%2FBU2111%2FS00319%2Fcropx-and-irrigationnz-joining-forces-on-irrigation-efficiency-app-the-bucket-test.htm
Thoughts on this generally and impact on trac? Do you read as though they are using the bucket test connectivity, or indeed cropx who bought it will implement the procedure into theirs/ours?
Yes, you can on IG.
Can we trade yet? Two 1 codes shown up!!
Given we closed at 2.26 on Friday should we not be at 18.08 for true like for like value to be seen here?
Have you got a link?
Thanks
have tried to sell but says i have no shares,
tried to buy but wont let me buy any at all.
No...
Either dummy trades or otherwise?
Could be off market trades or broker to broker trades
16p is 2p correct?
Someone bought 2000 shares at 16 this morning yet other platforms cant trade.?????
There won’t be any trading for a couple of days
Where exactly can I see the sp/trading activity?
Not finding TRAC on ADVFN and no data displayed for STAR.
Firstly apologies to anybody who read intentions of P&D in my original post. I now realise that TFIF's vino slackened my awareness that such a emotive term, used in a post title, would be seen as an accusation rather than the drunken Gedankes experiment it was considering the shift to TRAK from STAR. Including the share price cosilidation effect.
First bought at 2.72p in 2018. Never sold a share.
>null
He also said "the Company is in advanced stage discussions for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items"
Now, that sounds a mouth watering prospect to me, but each to their own and it's up to everyone to decide for themselves how transformational the recent news is likely to be in relation to the future Revenue and Profits growth for this company
With sea ports snarled and companies scrambling to get space on super-sized container ships, air freight has become an attractive option for companies to get the goods.The sector is booming as a result, with prices two-and-a-half times higher than pre-pandemic levels. “Flying it in” has tangible advantages: air freight is far quicker than going by ocean, with just five days needed typically to get goods from the workshops of east Asia into key markets in the US and Europe. It’s also typically safer, with goods less likely to be broken than during sometimes-perilous ocean voyages.
However, it comes with a price tag, air freight is usually four to five times more expensive than road transport, and up to 16 times more than sea.The pandemic has forced a rethink. Freight prices have increased roughly eightfold in a year, as coagulation across global shipping lanes fed by logistics issues and frequent shutdowns in China chokes supply. Air freight has risen, but not as quickly, making it an increasingly tempting option.
Pre-Christmas pressures are helping to sharpen the minds, and open the wallets, of purchasing managers and chief financial officers. For many companies, a two-week delay waiting for a product during the peak sales season could be disastrous.The sector’s strength has not gone unnoticed. Carriers’ cargo revenues have risen from about 10pc to 15pc of their total to about a third and they want to ensure they keep a slice of the pie once passenger numbers recover.Shipping companies are also watching closely.
Earlier this month, industry leader Maersk announced it was looking to build air freight capacity as part of efforts to make its supply chain offering more resilient.
It’s not alone in realising the potential. Several other shipping advisory companies and data providers have recently expanded their product offering to ensure they cater for ocean and air, as companies become more flexible in their demands.The key to future growth is likely to be e-commerce. The sector has boomed during the pandemic, with consumers across the West becoming more used to products arriving within days of being ordered and Maersk expects growth of 4pc per year in the sector in the coming years.
There's plenty of activity at the moment which is creating multiple opportunities. Starcom have some of the best track and trace secure products currently available on the market. Avi recently said if they were successful in converting their current leads then it would secure "significant revenues over the next few years, including SaaS revenues".
Great comment blade runner, eloquent and factual
May I say well said blade runner.The news & the structure of the company are good.Over the last few years I mist out on a few good companie mainly being Dev and AFC , I was put off by posters, but my research told me otherwise I listened to the posters and sold Dev I sold at 1 now it's worth 30 something last time I looked and AFC I sold at 3 last time I looked it was around 50.So basically when you find a good company do your own research make your own decisions. All I'm going to do is once it's trebled, which I really think this will ,,is take my initial stake and a tiny bit more 35% (so you have your money back plus a bit of profit) and hold the rest.Please do your own research