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Pin to quick picksTrakm8 Hldgs Share News (TRAK)

Share Price Information for Trakm8 Hldgs (TRAK)

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Share Price: 9.25
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TRADING UPDATES: Trakm8 expects loss; Sutton Harbour has strong summer

Wed, 14th Sep 2022 17:01

(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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Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Expects to report a loss in the first half of its financial year, due to contract renewal timings, which will make the financial year ending March 31, 2023, be weighted more towards the second half. Company plans to focus more on the insurance, automotive and optimisation sectors. In spite of this however, Trakm8 remains on target to meet market expectations for revenue and adjusted profit for the year.

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CATCo Reinsurance Opportunities Fund Ltd - Bermuda-based close-ended fund - As at June 30, net asset value dropped to USD18.1 million from USD106.8 million at the end of January, as a result of a buy-out transaction, implemented through a redemption of 99% of holdings of each investors.

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Mobeus Income & Growth 4 VCT PLC - London-based investment firm - As at June 30, net asset value per share was 94.66 pence, down from 111.27p at the end of December. During the period, makes two new investments totalling GBP1.1 million, and four follow-on investments totalling GBP800,000. Also realises investments totalling GBP4.3 million in cash proceeds. Declares interim dividend of 4.00 pence per share, down from 5.0p a year prior.

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Sutton Harbour Group PLC - Plymouth, England-based harbour operator - Reports strong summer trading, with fully sold berthing at the company's marinas, and car park usage returning to pre-Covid levels. Occupancy of rental property remains robust to date, while the construction of Harbour Arch Quay is well underway with the service core built to full height and the third floor of eight now built.

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Helium One Global Ltd - London-based helium explorer in Tanzania - Signs letter of intent with Baker Hughes for the provision of integrated services to the Rukwa phase two drilling campaign. A target spud date has been set for between January and February next year, and Helium One has started its licence renewal process, including the relinquishment of non-prospective licence area totalling 1,548 square kilometres, saving USD309,600 per annum.

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Residential Secure Income PLC - real estate investment trust focused on retirement living and shared ownership homes - Agrees to a GBP15 million expansion of its GBP10 million revolving credit facility with Santander UK PLC. Expansion comes with an interest rate margin reduction of 55 basis points to 2.25% from 2.80%, as well as a one-year extension of the facility termination date to March 2025.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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12 Mar 2020 11:56

Trakm8 Holdings Expects Annual Results In Line With Guidance

Trakm8 Holdings Expects Annual Results In Line With Guidance

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12 Mar 2020 10:50

Trakm8 trades in line, appoints new sales and marketing director

(Sharecast News) - Fleet management technology firm Trakm8 said on Thursday that it was trading in line with expectations prior to the end of the group's trading year on 31 March.

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18 Dec 2019 13:23

Trakm8 Agrees Loan To Fund Working Capital Requirements

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18 Dec 2019 09:56

Trakm8 enters into growth capital loan as it stabilises revenues

(Sharecast News) - Telematics and data insight provider Trakm8 Holdings said on Wednesday that, following a period of stabilised revenues, and with the group returning to growth, it has entered into a £1.4m growth capital loan with MEIF WM Debt LP to fund its potential working capital requirements.

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Trakm8 Expects To Meet Market Forecasts As Loss Narrows In First Half

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Trakm8 reduces losses after cost-cutting efforts

(Sharecast News) - Trakm8 on Monday reported a narrowed interim loss as cost-cutting measures led to an improvement in margins, though revenue remained flat.

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Trakm8 Non-Executive William Duffy Leaves To Pursue Other Interests

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26 Sep 2019 13:37

Trakm8 Looks To Year Of "Improved" Financial Performance

Trakm8 Looks To Year Of "Improved" Financial Performance

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26 Sep 2019 08:43

Trakm8 sees half-year revenues 'modestly ahead'

(Sharecast News) - Telematics and data insight provider Trakm8 said on Thursday that half-year revenue is set to be "modestly ahead" of the prior year.

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Trakm8 Swings To Loss In Disappointing Year, Shares Plunge

(Alliance News) - Trakm8 Holdings PLC on Monday sunk to a pretax loss for financial 2019 due to a sharp drop in revenue.Shares in the company, which provides fleet tracking services and 22%

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Trakm8 Shares Rise 22% On Upbeat Outlook For 2020 Financial Year

LONDON (Alliance News) - Trakm8 Holdings PLC on Monday said it ended the 2019 financial year with expected, but still disappointing, results.The company, which provides fleet tracking and a

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