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Pin to quick picksTrakm8 Hldgs Share News (TRAK)

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Share Price: 9.25
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AIM WINNERS & LOSERS: Trakm8 seals deal; Dekel cashes in on cashews

Thu, 20th Apr 2023 11:03

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Dekel Agri-Vision PLC, up 14% at 2.68 pence, 12-month range 1.8p-5.8p. The West Africa agricultural company gives a cheery update on its cashew processing plant in the Cote d'Ivoire. Says raw cashew nut buying season has begun, with quantity and quality as good as its expectations, while pricing was slightly better than expected. It said it processed 533 tonnes of raw cashews during the quarter, with daily production improve noticeably toward the end. Peeled cashews have been sold at average of EUR4,500, in line with expectations. Feedback from the US and European has been "favourable" compared to its competitors. "[This] positions us well to enhance prices as we become a consistent, high quality producer of cashews," Dekel says.

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Trakm8 Holdings PLC, up 14% at 20.8p, 12-month range 11.5p-22p. The telematics and data insight provider announces a contract win with Freedom Services Group. It will provide insurance data services and devices to Freedom Connect, including its advanced 'connectedcare' data sets and first notification of loss crash algorithm. The contract is for an initial term of three years and is expected to generate GBP6 million in revenue during the period. "This contract helps to underpin the board's expectations for the growth of Trakm8's insurance business," says Executive Chair John Watkins.

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AIM - LOSERS

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IG Design Group PLC, down 13% at 160p, 12-month range 46.6p-200.4p. The gift packaging and stationery designer and manufacturer warns it expects to incur a one-off, non-cash write-down to the historic goodwill value for some businesses in the UK. This was the result of "recently deteriorated" trading, and "very limited pricing expectations" for Christmas in 2023. The write-down is expected to significantly hit its annual results for the year ending March 31, 2024. Revenue in the recently completed financial 2023 is estimated to have been down 8% to USD890 million, with weaker trade seen in the Americas division. In the second half of the year, only continental Europe businesses did not see sales declines.

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Tekmar Group PLC, down 2.4% at 10.00p, 12-month range 5.65p-40.00p. The technology and service provider for the offshore energy markets says its strategic review has concluded, following the completion of a GBP4.3 million initial investment by SCF and Steve Lockard, along with a placing and retail offer of GBP2.1 million, and a GBP18 million convertible loan note facility from SCF. CEO Alasdair MacDonald says the firm is "delighted" by the outcome. "The funding we have secured through this process, significantly strengthens the company's balance sheet, providing working capital to support growth alongside significant ongoing capital to drive transformational growth both organically and through targeted, complementary acquisitions," MacDonald says.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
30 Mar 2023 13:51

Trakm8 wins another supermarket optimisation contract with Iceland

(Alliance News) - Trakm8 Holdings PLC on Thursday said it has been awarded a telematics and optimisation contract extension with Iceland Foods Ltd, running until March 2027, after it was awarded a similar contract by a subsidiary of J Sainsbury PLC on Wednesday.

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29 Mar 2023 14:31

Trakm8 awarded Sainsbury's optimisation contract extension

(Alliance News) - Trakm8 Holdings PLC on Wednesday said it was awarded a contract extension with JS Information Services Ltd, a subsidiary of J Sainsbury PLC.

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29 Mar 2023 10:45

Trakm8 secures extension to Sainsbury's contract

(Sharecast News) - Telematics and data insight provider Trakm8 has been awarded a contract extension with supermarket giant Sainsbury's JS Information Systems unit.

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28 Mar 2023 13:18

IN BRIEF: Trakm8 wins three-year contract with Howden Driving Data

Trakm8 Holdings PLC - Birmingham, England-based telematics and data insight provider - Wins new contract with Howden Driving Data Ltd. Under the agreement, Trakm8 will provide devices and data to Howden. Says the contract is for a term of three years and has no guaranteed and/or minimum value.

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8 Dec 2022 14:35

Trakm8 swings to half-year loss amid lower sales and rising costs

(Alliance News) - Trakm8 Holdings PLC on Thursday said it swung to a loss in the first half of its financial year, following a drop in sales and higher material costs.

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22 Sep 2022 17:46

TRADING UPDATES: Newbury revenue gallops; Bens Creek gets green light

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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22 Sep 2022 08:53

Trakm8 YTD trading in line with expectations

(Sharecast News) - Fleet management solutions provider Trakm8 said on Thursday that it had continued to perform in line with market expectations during the first five months of the financial year.

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15 Sep 2022 15:56

UK shareholder meetings calendar - next 7 days

Friday 16 September 
Baillie Gifford US Growth Trust PLCAGM
Gowin New Energy Group LtdAGM
Kibo Energy PLCAGM
Monday 19 September 
Carr's Group PLCGM re Agricultural Supplies division sale
Tuesday 20 September 
AdEPT Technology Group PLCAGM
Appreciate Group PLCAGM
Cake Box Holdings PLCAGM
DP Eurasia NVEGM appointment of independent non-executive director
DSW Capital PLCAGM
FIH Group PLCAGM
Global Ports Holding PLCAGM
Gore Street Energy Storage Fund PLCAGM
Ilika PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
ProCook Group PLCAGM
Quiz PLCAGM
Shearwater Group PLCAGM
SulNOx Group PLCAGM
Utilico Emerging Markets Trust PLCAGM
Zoo Digital Group PLCAGM
Wednesday 21 September 
Games Workshop Group PLCAGM
Hipgnosis Songs Fund LtdAGM
IG Group Holdings PLCAGM
India Capital Growth Fund LtdAGM
Merit Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
SDI Group PLCAGM
Seraphine Group PLCAGM
Tintra PLCAGM
Thursday 22 September 
Begbies Traynor Group PLCAGM
Ecofin Global Utilities & Infrastructure Trust PLCGM pre-emption rights
IG Design Group PLCAGM
Liontrust Asset Management PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Rockwood Strategic PLCGM trading to the premium segment
Trakm8 Holdings PLCAGM
Worsley Investors LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
14 Sep 2022 17:01

TRADING UPDATES: Trakm8 expects loss; Sutton Harbour has strong summer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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6 Jul 2022 10:23

IN BRIEF: Trakm8 wins contract with start-up to offer insurance deals

Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Wins contract with start-up Love Your Miles to offer devices, a custom app and platform services for Love Your Miles's insurance propositions. The company does not specify the sum of the contract. Trakm8 says the contract is expected to start writing insurance policies this month.

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29 Jun 2022 12:12

Trakm8 slashes annual loss; revenue rise continues in new year

(Alliance News) - Trakm8 Holdings PLC on Wednesday said it all but eliminated its annual loss, as revenue grew despite fewer employees.

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26 Apr 2022 16:03

Trakm8 warns of supply, inflation concerns

(Sharecast News) - Trakm8 said in a trading update on Tuesday that revenues for the year just ended totalled £18.2m, up 14% year-on-year, although it did warn of supply chain issues and inflationary pressures going forward.

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26 Apr 2022 16:00

TRADING UPDATES: Loungers posts record revenue; SigmaRoc solid quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
29 Mar 2022 18:23

IN BRIEF: Trakm8 Holdings extends contract for Drvn for three years

Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Extends contract with roadside assistance firm Drvn for another three years for the provision of services and support.

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29 Mar 2022 10:23

Trakm8 secures three-year extension to Drvn contract

(Sharecast News) - Telematics and data insight provider Trakm8 Holdings has secured a three-year extension to its contract with Drvn.

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