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Lovely effort to the T42 team. I take my hat off to them. Well Done T42 Team!
Consider this...These two points really stand out for me
1. The Agreement, which includes ongoing systems development, has been executed after over a year of evaluation of the Company's systems by the Client !!! Over a year!!
2. There is a notable surge in demand for the expertise and experience offered by t42, and we are optimistic that this will result in further contracts as we move forward
So I do wonder what else is in the works that we don't know about at this stage? Exciting times indeed!!!!
Loss making company... full stop......
seen these deals.... sp spikes then comes crashing down.
this company is so pathetic it,
I bought at 3p thought the company management changed their tactics.
still same
put a Rampy rns like £4.5m contract instead of £1.5m per year contract......
Mms spiked it,
spread is 22%
Interesting folks views when a deal is announced.. 4.5m over 1 year or 3 is still the same headline figure. When football clubs sign players for 100m it’s always in stage payments over number years yet they announce headline figure…. (plus 1.5 per year when market cap is below 3 is still pretty good in my view!) .. company seems to be announcing a number of deals to so contracts over number of years give revenue stability too.
Long termers are happy. Traders want instant profits, those like Earl who want to buy will deramp. Pump and dumpers like mrcalm will not be holding by the close.
Some people cannot see past their nose here on the potential
I was reminding My old friend....
buy at the same 3p sell on spike
thats his strategy I've been using lately.......
spread tells mms made a mess of this sudden spike
mms will want to cover the losses and now.... glad I sold
Another 50k at 4.67p.
4.43-4.9p now much stronger after £5k buy at 4.9p, only people selling are the idiot day traders who paid 5p+ and sold for 4.2p. Everybody who has invested here sees double figures
The latest customer is expected to enter the international market / other markets with the work they have done with T42.
New markets means more orders. Hope they do well in their aim of entering the international markets.
Looks like we are finally gaining some serious traction.
RNS to follow once the initial order of 10,000 is placed. Quite a sizeable amount!!
Amazing how quickly stocks on great news become "fish and chip paper" or dead. Not one buy today blimey. In 2020-2021 it would have went to 10-15p on yesterdays news.
The current market is completely different to the pre-covid situation and I don't expect the recent news to have any significant impact upon the sp as the order is not yet confirmed and according to the RNS there are other caveats incorporated within the Distribution Agreement.
T42 has flattered to deceive for the last 6/7 years as they were constantly on the verge of material orders, none of which subsequently materialised. The purported LatAm contracts have run into problems at a local political level and until those issues are addressed by the relevant government it doesn't appear that further progress will be made in the short term.
This is a relatively illiquid company which lacks the necessary funds to finance contracts of the scale they are hoping to win. It's been loss making for several years and has required placements, CLN's and bank/other loans to finance those losses and support their innovative R&D programme.
They possess a good suite of products with the technological solutions necessary for those wanting to digitalise their business and have also addressed their connectivity issues which should stand them in good stead. However, digitalisation requires a huge capital investment and it's taking longer to achieve for various reasons but usually associated with raising the required finances. Also, the infrastructure in LatAm- which is thought to be their strongest market- has not been of the standard required to enable this transition to proceed seamlessly. The delays in resolving this, which are often political, have hampered t42's efforts.
Last year they negotiated some long term loans with 2 corporate entities which may provide the financial backing to support material contracts. However, there is scope for these loans to be converted into Equity. If they are successful in expanding their order book then it's highly likely these loans will be converted which will significantly dilute existing LTS's and those bought before the conversion take place.
There are promising signs the company is turning the corner but any future good news may be sold into by existing long term shareholders and we'll have the customary antics of the day traders to contend with, as well. Also, before the sp makes any significant headway I think Investors will want to see strong financial results which indicate t42 has finally turned the corner.
This may come but again it's not going to be short term and investors will have to demonstrate patience if they wish to realise the level of substantial gains which successful hi-tech companies are capable of delivering.
I think the other thing to point out is we don't know what else is in the works - regarding other contracts or deals... I do sense optimism from the recent RNS's and the technical know-how to deliver after trials which are lasting more than a year!
Can anyone explain why there are so many small trades when there is a bit of activity in the stock?
Good post Nig. As a long time investor patience is one thing that I have had to have in abundance. I may have said this before but this could at last be our time.
Those small trades could just be investment platforms selling their clients shares to cover monthly expenses. Happens if there is not enough in their cash account
The Container Tracking Market is expected to grow from USD 10 Billion in 2023 to USD 23 Billion in 2032 driven by the growth in international trade and concerns regarding cargo theft and security.
The high initial cost of smart container tracking solutions coupled with the integration challenges and compatibility issues has thus far continued to hamper market growth.
However, the surge in the development of customised solutions for industry specific needs along with the global expansion of cross border trade is presenting significant opportunities for market expansion .
The hardware segment is expected to maintain its leadership status as its components are primarily designed to mitigate risks by offering early warning systems and enabling proactive measures to potential threats. The software segment will see significant growth as advancements in technologies such as IoT,RFID and GPS have made it simpler and more cost effective to track containers in real time.
The GPS segment is anticipated to witness the strongest growth rate owing to a rise in the need for compliance with regulations and standards governing the transportation and handling of goods along with the requirement to focus on meeting consumer needs for transparency and visibility in the supply chain .
By mode of transportation the maritime segment will have the highest growth but the air segment is growing strongly driven by e-commerce which is creating higher demand for air cargo services.
Healthcare is anticipating strong growth owing to the rise in the need for tracking and monitoring temperature sensitive products along with the presence of stringent regulations .
The Asia-Pacific region will have the highest market share due to the robust growth in e-commerce operations . Also, the strict implementation of regulations relating to cargo security and transparency has driven the adoption of advanced container tracking in this region.
Ongoing developments and improvements in port infrastructure in countries such as India , Singapore,Malaysia and Vietnam are crucial for efficient container handling which is further paving the adoption of container tracking systems. Latin America is behind the curve because of lack of financing and the febrile nature of their local politics which is extremely volatile and often rife with corruption. However, as more US companies are nearshoring their supply chains in the likes of Mexico and Brazil, the US government seems more prepared to offer finance at affordable rates to enable them to make the relevant investment in their infrastructure so that they are also able to compete on the global stage.
Within the past 12 months t42 have announced contracts in Brazil, Mexico, a long-term agreement for Lokies in February and last July announced a collaboration into the refrigerated air cargo supply chain, following a partnership with a leading global firm providing sustainable solutions across the cold chain.
The company appears to be turning a corner and there are clear indications that customers are acceptive of and adapting to their technology. The new leasing structure is now receiving recognition and the scale of future orders will be dependent upon the necessary funding being secured.
It has been mentioned previously that we had over 20 pilot studies in operation and the recent Brazilian contract was in the pipeline for 18months/2 years before the customers required operational standards were achieved so there's evidence that a lot is happening behind the scenes. It's quite feasible that we have other opportunities in the pipeline which can't currently be actioned until the funding is available.
So the future is beginning to look more positive and we're gaining traction in the market with repeat business from existing customers. However, I don't think we're going to land a huge contact which will transform the business over night. It's more likely to be a case of steady as she goes as we slowly build momentum until we can become self financing.
Furthermore Helios Tracking have added further features to Helios Advanced which appears to be performing strongly in the African market, especially East Africa and is contributing strongly towards the business.
I'm more inclined to think that a large competitor will seek to buy the business at some future point when its grown sufficiently to become a threat towards bigger and better financed companies and I hope we can manage to obtain a premium price as and when that eventuality occurs.
Agree.
The key is getting more devices connected and therefore more recurring revenues due to software services.
This will take time but I believe there is sense for some cautious optimism
Too many negative people here stuck in the past. I for one think they have turned the corner in a big way hence I hold a decent amount. Used to the spikes and the dead it's happening to all stocks now but no point in selling so low the penny will drop eventually here