Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Annual report
https://www.trakm8.com/wp-content/uploads/Trakm8-Annual-Report-March-2023.pdf
Reckon you may be in the right ball park. Yes, they have told us it is coming (well, they are confident of it) but why H2 and not earlier? As I posted before, sounds like a major trial is happening and I guess contracts take time to be drawn up. Makes me think it is an existing client and this is an add-on, hence the confidence.....
How major is major???
I would say £1m plus contract
Note they have told us it is coming
I wonder .......
Hi KBYK
Very jealous not to be on a beach at the moment :o). Good luck with the share trading........I'll probably be here until the bitter end so may see you back at some point.
DC2
I sold out of this a little while back ( I put the money where I saw more short-term value and may be back).
I don't normally comment on a share after I've sold, but I feel an affinity with some here. I just wanted to congratulate you on the SP rise, recently. I saw the update - sounded a little like Jam tomorrow, but also promising for those who keep the faith... I wish you luck (from a beach in Thailand, currently).
GLA
KBYK
Agreed about the incentive but..... 38p is the broker fair price, so they don't have to do much if the broker is correct.
I didn't know penny s was still a non ex director
Those options are nice
They all ha e plenty of reasons to see the share price do well
Broker note is at https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2023/07/20230704-Trakm8-Holdings-plc-TRAK.L-Allenby-Capital-Finals.pdf?c3757=on - was updated on the 4th. Doesn't really say much and keeps forecast/fair price the same (38p). Debt at the end of the year seems significantly down so that is a positive (if I read that correctly).
It was good to see some upwards direction but would have been great for a director to buy. Guess we have to wait until the next update zzzZZZ zzzZZZ
Any more thoughts now the dust is starting to settle ??
Broker update??
I was going to put my money where my mouth is this morning, and buy another 25,000 @16p. Of course, it's beaten me to it, and jumped up to 17.7p to buy. I'll keep my powder dry for the moment....
One assumes they must have a signifcant trial on to be confident of getting a software contract over the line in H2. Shame about the reduction in fleet (everyone else apperars to be increasing their fleet numbers). And yes, there is always something throwing a spanner in the works.
Thanks feeling a bit down after reading that
Jam tomorrow certainly, but there is also jam today, albeit hidden.
The way I see it, “significantly reduced operational costs” means significantly greater profits. How much exactly? Well, H2 22/23 PBT was £1.2m Despite reduced capacity in the insurance market, H1 23/24 will be broadly similar, so it’s not difficult to see that full year PBT should be around £2m.
So, as far as I’m concerned, the company is firmly back on track. However, as always the market needs this to be spelled out, so I don’t expect an instant reaction, but the rerating will come, in time.
Well that was underwhelming to say the least
Revenue will be flat in h1
That is pretty rubbish give the material increase in connected users
Plus no update on connections at the end of q1
Jam tomorrow
Oh well
Q1 really is done and dusted so the guidance on this year should be very robust
I checked back a bit, results more like in early July.
"maybe my dire prediction will kick start the recovery ;o)"
I think you already have! Within minutes, a 80k buy at 16p was showing on google. A good sign - assuming it's not one of us!
Although small beer, the endless sale of the shares prior to the TU is a little disconcerting.
Unless they delay to do a Friday RNS in which case we are all doomed. But seriously, 3 months of the current financial year now done, so a good impression of what the outlook will be.
I'm going to call it first......I usually am optimistic about these things and it goes the opposite way. So, my prediction is a massive share price decrease tomorrow because of a single word in the TU (with 99% of the TU being amazing) - probably the word 'hope' e.g. we hope that ..... maybe my dire prediction will kick start the recovery ;o)
GLA
Tomorrow its only a day away ...
Telematics growth could be A reason to become a buyer here : https://www.fortunebusinessinsights.com/amp/commercial-telematics-market-106314
I think the full results will be good to get down on paper.
That swing from loss to profit. I expect the update on the 29th June.
So it will be q1 done. It will be very interesting to see how they are doing a new European market could add a little spice but £25m revenue would be great full year and a detailed update from their broker.
My profit this week. Telemactics insurance doing really well as people look to cut costs anywhere
Crucial TU in just a couple of weeks, hopefully without any repetition of reservations expressed in the last one (re Ukraine and reduced capacity in the insurance market).
This still effectively has a priced to fail valuation