RE: £100k per week17 May 2023 18:08
One thing for sure is you need a really thick skin to be a shareholder, and given you are one of the few remaining long term holders, I'd say you are very (possibly over) qualified.
For the sake of conversation..... what are the potential issues here? I would say
i) The debt. Given the recent increases in interest rates, how is Trakm8 handling that - one assumes (and as mentioned by Pianasta), the staff cuts have come at the right time.
ii) Their mention of being concerned with the Ukrainian situation and increase in re-insurance costs etc. How will these things affect Trakm8 - e.g. does renewal hikes in price put off drivers from using PAYG/UBI? Are they already affecting Trak?
iii) Some nice 'partnerships' being annouced, but some are for c.40 units - so are they being selective about what they announce or are they telling us that these are as good as it gets?
iv) No director share purchases - ok, they did the CLN but surely someone could buy and show confidence
v) No obvious results from the CMD - where are these investors - surely, someone has done their due-diligience?
vi) If NoSugar is right about the £100k per week, then why doesn't the market see that (Efficient Market Theory at play?)
vii) Why hasn't Microlise made an offer? Based on Raza's comment that Trak were not in the same space as Microlise, and that Microlise want to invest in opportunites that expand their remit (or abroad) then why has this not come about.
viii) What happened to the automotive smart breakdown stuff (not just the AA) - market didn't want it, or device unreliable or other?
FWIW - I think they will come good - hence why I continue to hold.
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