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I think we have all thought it before but how can the bears be so bitter. Everything is bad, never an acknowledgement that Trak are doing anything right. FFS the company is worth less than £7m.
The bears are wrong - Sainsbury's would not pay (in the RNS) for integration with a company going out of business soon.
It's the same retailer. If it wasn't a further RNS would no doubt appear; it hasn't.
Just marketing - nothing wrong with that.
Just a few weeks until the curtain closes according to the bears. If it does fail in Nov, the joke is also going to be on the companies who have recently signed deals with a company that the 'whole industry' knows is useless and about to go down the pan.
Surely, if Trak were in this position, it would be common knowledge throughout the industry. But then perhaps it is, given that this Jako chap on the other board claims to be some kind of insider.
I've given up trying to second guess this - it will either come good or it won't - nothing I can do about it now really.
i think it will be the same retailer to be fair only major 4 that do home del when you exc iceland
i think the timing of the info indicates the the contract and systems are now been used so the pre work with retailer has now been completed.
thus means the contract will now be adding high margin revenue. should be positive for h2 and flowthro in 21/22
the news generally seems positive?????
Fair point. I think (like you) it was the delay between both bits of information.
I'm sure it's the same contract, but I don't see the article as a deliberately misleading repetition, because it is addressed to a totally different audience. The RNS was for investors, the news section of the website is for potential clients etc.
If it has only recently been posted on the website though, I'm not sure why it has taken so long.
Whilst it sounds like good news I am confused..... is this the same news from the July RNS or is this something different? Given it is not another RNS I would say it is the same. I re-read the initial RNS and did not see it mention that it was conditional.
Leading retailer with delivery slots : https://www.trakm8.com/news/
It's probably just a reflection of broad market trends today.
If it gets a little lower, I'll add I think.
I'm still concerned about some kind of cash call in Nov, but they're recruiting and generating new business (despite what the bears say), so I don't think the rails have come off just yet.
Well at least we are good at one thing today - position 5 on ADVFN's percentage losers list.
looks like someone is calling it a day on trakm8
50000 and then a few 10k sales
why now???
https://www.trakm8.com/career/data-scientist
bit of recruitment going on
i dont have the quals lol
https://challenger-mobile.co.uk/the-best-business-vehicle-tracking-solutions/
From the RNS:
A-Plan Group - established in 1963 and is one of the largest specialist insurance distribution groups in the UK. Its businesses, which include A-Plan and Endsleigh, provide commercial and personal lines cover for a varied range of clients through its network of branches and centres, looking after the motor and home insurance requirements of the general public, as well as the more specialist needs of high net worth individuals, students, businesses and those with specialist vehicles and homes.
Has been sold by Watchstone Group - Oct 8 RNS.
I fell victim to qpp, so keep an eye over there from time-to-time and noticed that.
I assume it won't mean anything for Trakm8, but the update gives some insight into the health of the company.
Whatever happens to the AA, SB will continue, I'm sure. However, there's always the danger with new owners that they'll order a review of suppliers. But as long as SB continues to gain traction, Trak should be safe.
I will be more positive when the AA story gets resolved (which ever way). Other than having a financial interest in the AA I also do not know how this affects SB. Add to that Covid, Brexit and the US elections (general market conditions) ....
My hope is that the harsh conditions Trakm8 has had to adapt to prior to all of the above now means they are in a stronger position going forward e.g. reduced costs and better quality control.
Trakm8 is priced to fail so it is a binary gamble to me. i.e. it should not come as a surprise if it does fail so anyone taking a position knows the score. I believe (and pray) it will recover.
look like a couple more partnerships will coming through before xmas
plus i am increasing positive on the opti side
the feedback is excellent as we move into a key trading period for home delivery
mmmm feeling almost positive
https://www.bvrla.co.uk/resource/how-to-ensure-your-fleet-is-road-ready.html
agreed, as a tangent - I always find it mildly amusing when the bears state "facts" whilst speculating about price/quality/state-of-the-art/competitors whilst conveniently ignoring facts like these and Raza's share purchases.
but pretty sure iceland, sainsbury and lexis nexis not to mention other ins companies will have done a good level of due dil.
No mention of Trak, but let's hope Microlise applied the same rigour that they are advocating in this article, when they chose Trak as a partner!
i am not getting too excited but it certainly isnt bad news.
plus you would not get quotes from the other partners saying new deal etc if it wasnt true.
hopefully they start to deliver revenue
another couple of european partnership deals would be good.
seven weeks to go.
I think despite what the bears say what has been announced recently are new agreements - they may be new agreements within existing partnerships - but they're new agreements all the same. Otherwise, I think Trakm8 would be in breach of some market regulation or another.
I laughed to myself when they said it was agreed in August - making the point it was a new agreement!