Member Info for dc2_

Apparently it was more to do with the wi-fi (so my delivery driver said)

Is this on us? Hope not....but this update could be related to the contract signing stuff. To be fair, this appears more far reaching than just route optimisation and extends to problems in-store (I noticed this afternoon that the store was off-line) and Argos.

"Sainsbury’s said it was unable to fulfil the “vast majority” of its online orders because of a technical glitch. The supermarket chain said an overnight software update had led to the problems affecting some stores, grocery online services and its ability to contact customers."

https://www.theguardian.com/business/2024/mar/16/sainsburys-grocery-deliveries-hit-by-technical-issue

Some good news, and ties to the DLG thread earlier

"Thanks to Insurance Business UK for covering the news that our contract with Direct Line Group has been extended for a further 2 years. "

https://www.insurancebusinessmag.com/uk/news/auto-motor/direct-line-group-trakm8-extend-partnership-480694.aspx

I emailed JW one year and it is not a given that they will announce anything prior to April.

On the one hand, if the contract gets signed you would hope they announce it - on the other, if this does not change anything materially then, perhaps, they do not need to tell us.

I'd also add that all the loans have to be repaid/renegotiated before Sept - so they should announce something in that respect (although not necessarily now) - this is why I think the CLN will be converted - too many pay up days coming at once.

Interesting observation - and we still have a single digit 'code' trade

More, literally odd trades, today - is this a coded message - lol

Interesting point, although I reckon JW will want quite a premium for his shares and I am not sure the market agrees and I wonder if Microlise may have a say in any sale - e.g. not in their interest.

Did someone say that the conversion of the CLN for Microlise may trigger an event? i.e. over 30% holding.

I'm not sure whether it is a good thing or a bad thing - a take over of a client may result in more work or a loss of client. If Trakm8 are truly in a good position re insurance companies then hopefully this will be a good thing.

Nonetheless, always good to see a jump up in price, although I think it is the nature of an illiquid share (that 11,000 transaction this morning appears to be the trigger)

As an after thought - I suppose the most likely client, the one where you have the most confidence, would by Microlise. Just not sure if they need what Trak is offering. It would certainly make me wonder about a share purchase from ML.

You make a really good point there - it obviously sits ok with Allenby, implying huge confidence in it happening. I do not know any other case where a contract signing, some distance away, would yield such a positive response (although, the general market doesn't seem convinced, if the share price is anything to go by). Certainly implies very good relationship between Trak and the client, and given JW was personally tagged in the last Iceland post, that is where I reckon it comes from - possibly golf course contracts lol. I once thought it was Sainsbury's but I seem to recall they signed their last contract prior to development. I guess we will find out soon enough.

Nearly the end of the month, one month left for the FY and no news re the software contract. On the positive, no news is good news as they would have to announce a failure to sign it; but why was the signing of this contract annouced in the way it was. I am totally confused by this. i.e. how can they be so certain of a signing that they announce it so far in advance; and given this, why could it not be delayed into the next year. Seems really weird to me. Thoughts?

Just a Monday morning musing.....share price sucks (I should be use to this)

Not sure what you mean - pro.o ? Thanks (me being dumb)

Think you are right - he was the person who said 350,000 units - so seems to play hard and fast with the data - or is he really JW drip feeding clues, lol

Not sure what this means

"Trakm8 is delighted to announce our successful collaboration with renowned and distinguished brands across the UK. We take immense pride in providing our highly acclaimed route optimisation and planning software to these esteemed customers. "

Is there some news coming? The software contract? Why say "is delighted to announce..." - maybe it is just poor English

https://www.linkedin.com/posts/activity-7163480981067264000-KDNF?utm_source=share&utm_medium=member_desktop

This was a reassuring post re Iceland. I original worried about the WhatVan article.

https://www.linkedin.com/posts/phil-cane_fantastic-couple-of-days-with-our-fleet-partners-activity-7161722516317671424-DoBj?utm_source=share&utm_medium=member_desktop

Definitely good news for ML. Still not convinced there is a deal to be had, because I don't think a price will be agreed between the two CEOs i.e. too far apart. Fingers crossed though (as always)

Forgot about the contract - it would be good to read the signing plus a double digit increase in the percentage of connections - heres hoping

This was posted on Linked In

"With our extensive experience in connectivity, boasting a network of over 350,000 connected devices and accumulating data from over 3 billion road miles, we have established ourselves as experts in the field. "

https://www.linkedin.com/search/results/content/?datePosted=%22past-24h%22&keywords=trakm8&sid=0CO

The key thing in that statement is the number of connections......if accurate.

Just checked - initial contract runs for 3 years (so Nov 2024 renewal if it happens) and their privacy policy states only Trakm8 as handling connected data. So appears a great bit of indirect news for us.

Very interesting - I hope Trak feel some of that