Member Info for dc2_

I got out on the day (got an average of 8.7p) .....when I read Microlise had backed it I just figured they know better than we do. Lost 50% (like you did) but much better than it going to the wall - so, bittersweet.

For anyone who remains, I truly hope this does get a bigger offer. - GLA and thanks for the supportive nature of you guys on this thread (which is more than I can say we got over at ADVFN)

Nice - enjoy (and see you around)

Lost money on this but at least got some back....I see Microlise has agreed to the deal (thought they may have made an offer) 9.5p - does anyone know when we will get the cash (seems unclear to me)

CV Show was heaving today BUT much less exhibitors than last year (seems to shrink every year) and while Trak were busy it tailed off in the afternoon (as did everywhere else - obvs, I just had a passing glance) - there seemed like a lot of staff. The stand seemed bigger than last year and I wondered if the organisers were offering deals. I never spoke to them but I did not see anything new (and their screens still referred to the days of 255k devices, the distant past).

Looking good - and really pleased to see an E-ON van on the stand

https://www.linkedin.com/posts/nickguise_cvshow2025-activity-7322594132483362817-q8yI?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAWdOJsBbs9qEQ3tM0WIGHldSiTIcXF93uI

Making the argument to buy British (TLDR; Trump tariffs)

https://www.linkedin.com/posts/trakm8_fleet-ukmanufacturing-telematics-activity-7321075600197132288-y31X?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAWdOJsBbs9qEQ3tM0WIGHldSiTIcXF93uI

Re results - given they gave us a TU, do they have to give us another? If not, we are not going to hear much until the final results (in July). Obviously, I am not saying they won't report other stuff.

Joe is publishing the numbers again for Vertas. Made me wonder about the recent deals...... They state "The total costs for the hardware, software, and service charges over a year were £111,576.94" for 313 vehicles - so £356 for the first year per unit. Can't know for sure but Blue Square just signed up for 222 vehicles - so a potential £80k first year (I suspect it will be less as it is not all RH600s). Legionella 57 vehicles, Stark upgrading their 1450 fleet. Fourways 250 vehicles and Lowes 70 vehicles. Not too shabby in my opinion (if all units were approx this for the year, then over £800k of deals - yes, lots of assumptions here).

Yep, I assume it was where they get there £2m loss of revenue figure from (or the bulk of it). The original Freedom contract was £6m - £2m a year. They then renegotiated it (I guess because Freedom lost their PAYG underwriter) - so a fresh 3 years (one year later) but with the software purchase (and I don't really understand what this actually purchased - a copy of software, the exclusive rights to use it, the source code where Freedom don't use it).

That's an understatement - based on the cash in hand and poor performance in insurance over the period - how the hell did they survive it. I am guessing, use of unused overdraft facility, renegotiation with the banks and hopefully some decent fleet income. I guess insurance could have picked up after the announcement - and I am still confused why they purchased that software when the finances are so dire (it is not like Freedom gave them any guarantees on income).

I'm hoping for a very positive outlook statement - think that is the last chance.....

Indeed - while not huge numbers it does make you wonder what due diligience hey have done for a 3 year contract. Seems to imply Trak is alive and kicking (still)

"Blue Square Marketing, an award-winning brand engagement agency with expertise in consumer retail strategy and marketing innovation, has selected Trakm8’s RH600 4G Integrated Telematics Camera & ACC750 Driver ID & Feedback device to enhance road safety, support driver protection, and reduce insurance claims across its 222-vehicle fleet. The two companies have agreed a three-year contract as part of the partnership"

https://www.trakm8.com/news/blue-square-marketing-chooses-trakm8-telematics-camera/

Tesla doh!

If we're going down that rabbot hole. I can't find the post but he, in the context of Telsa, talks about if you knew what the company had in store, you'd hold your stock. I didn't think it was a coded message but you never know.

I think that £18m is also the rough 38p fair value that Allenby pin to (£18m/50m shares - circa 36p) - or just a coincidence. Mainly intangible assets - useless to you and I but would have value to Microlise.

Interesting story KBYK. Letting go can be hard.

Completely agree.....and definitely to feeling left in the dark.

Hard to swallow the fact that the BoD took a CLN to pay half the current market capitalisation on some insurance software less than 12 months ago. You could argue that a more responsible BoD would have kept the cash for safety. Suggests they genuinely thought that the Freedom deal was worth signing up to - 90% of all telematics units. Insurance side of the business does sound a bit of a dog, but is it really? Surely there is not a lot of difference between installing fleet over a self installed black boxes in terms of software and effort. It therefore comes down to numbers of devices - which could pick up (usually down) at anytime - yes, historically not great numbers but surely Freedom et al must be suffering and will be highly motivated to get more clients, and we are intrinsically linked to their success .

Similarly for the optimisation contract (Morrisons) - probably very little effort after integrating with the Morrisons' system (which one assumes was done a long time ago).

What we are left with is a fully functional telematics company that is failing to sell the product.

Fingers crossed - I was going to say something like that yesterday but didn't want to come across too deluded. I wondered if it was possible that a renegotiation of the loan repayments (historically they have not announced these as they arise) and the use of the £500k overdraft would be sufficient to see them through a rough patch. It certainly seems business as usual (according to the 'world' of LinkedIn) - and I am surprised there has been no RNS (yet).

Interested to know why the large drop yesterday given there were no share transactions reported - are they coming i.e. very large sales or was this a tree shake.

I guess dilution is better than administration - so hope you are right. On a related note - if it goes into admin, where are the CLNs in terms of payout - I assume behind the banks - so they lose.

Now 27% down - news coming?