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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.

More News
29 Apr 2019 08:27

Trakm8's full-year revenues fall in line with expectations

(Sharecast News) - Telematics outfit Trakm8's full-year revenues came in at the lower end of the range that management had guided towards but managed to turn a profit in the second half.

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20 Feb 2019 10:29

Trakm8 Sells And Leases Back Dorset Office For GBP500,000

LONDON (Alliance News) - Trakm8 Holdings PLC on Wednesday said it sold and subsequently entered a lease agreement for its offices at Lydden House in Dorset.The data supplier sold the office

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4 Feb 2019 09:18

Trakm8 Expects Annual Revenue Down As Orders Delayed On Brexit Doubts

LONDON (Alliance News) - Trakm8 Holdings PLC on Monday said it has grown orders in the third quarter of its current financial year, but expects revenue to decline by at least a quarter in the year

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4 Feb 2019 09:17

Trakm8 dives as Brexit delays hamper revenue

(Sharecast News) - Trakm8 has warned that "ongoing Brexit uncertainty" caused third quarter delays which will lead to a reduction in full year revenue.

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9 Jan 2019 10:34

Trakm8 Appoints Microlise CEO Nadeem Raza As Non-Executive Director

LONDON (Alliance News) - Trakm8 Holdings PLC on Wednesday said it has appointed Nadeem Raza as an additional non-executive director with immediate effect.The AIM-listed fleet management has

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2 Jan 2019 17:15

Microlise Group Builds 20% Stake In Trakm8 Holding (ALLISS)

LONDON (Alliance News) - Trakm8 Holdings PLC said Wednesday that Microlise Group Holdings Ltd now owns 20% stake in the company.Microlise owns around 50 million voting rights in the device

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6 Dec 2018 10:48

WINNERS & LOSERS SUMMARY: Ted Baker Rises On "Resilient" Performance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - LOSERS----------Just down

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6 Dec 2018 09:44

Trakm8 To Raise GBP3 Million Via Share Subscription (ALLISS)

LONDON (Alliance News) - Trakm8 Holdings PLC on Thursday said it plans to raise GBP3.0 million to fund working capital requirements via a subscription of shares.The company plans to issue a

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12 Sep 2018 12:15

Trakm8 Expects Annual Results To Be In Line Despite Poor Start To Year

LONDON (Alliance News) - Trakm8 Holdings PLC told its annual general meeting on Wednesday the outlook for its current financial year is in line with market expectations, despite a weak the trading

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12 Sep 2018 11:38

Trakm8 expecting solid second half, says chairman

(Sharecast News) - Shareholders in telematics and data supplier Trakm8 were told of how the company's outlook for the current financial year ending 31 March was in line with expectations, as they gathered for the annual general meeting in London.

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5 Sep 2018 16:15

UK Shareholder Meetings Calendar - Next 7 Days

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2 Aug 2018 12:52

Trakm8 Leases Premises Opposite HQ, Aims For 1 Million Devices A Year

LONDON (Alliance News) -Fleet management company Trakm8 Holdings PLC said Thursday it has purchased a ten-year lease opposite its current Warwickshire headquarters to double its allows companies -

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2 Jul 2018 12:18

Trakm8 Increases Annual Profits And Revenue, Still No Dividend

LONDON (Alliance News) - Trakm8 Holdings PLC said Monday its annual profits and revenue increased after a year of "very strong progress".For the year ended March, the telematics a

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21 Jun 2018 10:29

WINNERS & LOSERS SUMMARY: Shire Rises As FDA Clears Cinryze Expansion

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 2.3%, The Irish drugmaker said that it has

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28 Nov 2016 11:20

Trakm8 skids as profits slide due to major investment

(ShareCast News) - First-half profits from Trakm8 slumped 77% and cash flow almost dried up as the telematics group's increased revenue and normal seasonality was blotted by a weak pound and significant investment in sales, marketing and engineering. Shares in the AIM-listed company were down 29% to

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