Member Info for dc2_

JW states - 'It is an important part of our current and future years' Fleet revenues.'

Finally....

https://www.lse.co.uk/rns/TRAK/sainsbury8217s-awards-optimisation-contract-extension-m2nj8bcbuhlht7f.html

LMAO, at least the sale didn't crash the price

Great find.....

Is there enough coverage for 5G? I would not be doing R&D into it - although I am unsure about the 4G sunset (3G has been delayed until the end of this year I think)

Great find, a former sales director endorsing the Trakm8 brand.

At least this is something....but has no minimal value

"Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider is pleased to announce that the Company has been awarded a new contract with Howden Driving Data ("Howden").

Under the terms of this contract Trakm8 will provide devices and data to Howden. The contract is for a term of three years and has no guaranteed and/or minimum value. "

https://uk.advfn.com/stock-market/london/trakm8-TRAK/share-news/Trakm8-Holdings-PLC-Contract-Award/90608768

I think my concern is why mention that the renewals are important to the forecast and then not update the market. I do think we are going to be ok - after all, why would Microlise invest another million.

Not sure I agree with low number of staff - think they have been bloated for far too long. I checked a job ad for Quartix and they employ 140 (so seems about ball park to me - reckon QTX fleet stuff is more demanding than insurance black box stuff). My gut feeling is they needed the staff cut/strategy change as a means to attract new investment (by not being so bloated).

Related to this, the debt remains a major concern for me - especially with the interest rate increases - although, the growth loan should be nearly paid off and a fair chunk on the term loan as well.

Here's hoping

Trakm8 is so frustrating. What was the point of the CMD if not to promote the company....the implication is they would announce these renewals (given they made a point of highlighting them in the guidance). I am hoping that the CMD is a show of confidence.

Doesn't look like they are going to be at the CV show this year

https://cvshow.com/a-to-z-exhibitor-list/

Makes me think they are tightening their belts or the change in strategy to insurance....

I, for one, still don't get it.

Forecast based on contract renewals - no RNS to say that these contracts have not been renewed i.e. missed target, so assumption is no news is good news

Staff cuts of 25% does not appear to have changed the forecast.

Conclusion - I don't get it and this concerns me as the only way I can square this circle is to assume contracts have not been renewed but forecast intact because of staff cuts (which is a terrible outcome - although, better going forward). Obvs, I am not an expert in RNS/material differences.

Thanks for working that out. I noted that Sainsbury's (I always thought they never named names) was listed on the 2022 presentation but not the CMD one, so hopefully this is the reason.

I have a few concerns (which I may not explain well):

i) given the staff cuts, are Trakm8 assuming the big contracts will not renew and they are still on track (but via a deceptive way); or, if they do renew - is the profit going to increase - the convertible loan thing paid for the redundancies so the cost savings must have a positive impact.
ii) Sept 2023 is when the bank loan needs to be paid - circa > £3m. What is going on there?

Agreed that they CMD was important, if the end was on the cards this would have been picked up by the investors immediately (one imagines) - so I do think it is ticking along as expected. The 25% reduction in staff and 318k devices all sounds good for the bottom line. Microlise confuses me - invest on the one hand, but does not take it over.

I guess we will see soon enough

Yep, same old Trakm8 - always seems to disappoint - I guess the CMD had not positive affect. I am slightly concerned that they have not renewed the Sainsbury contract but fingers crossed I am wrong.

Just read the job spec and it states "We now have a brand new and exciting opportunity for an experienced Head of Sales to join our Insurance & Automotive team." - so a new post - find that hard to believe

May have already been noted....

From the 2022 presentation (date unknown)
* 160 employees of which 60 are engineers
and the CMD presentation
* 119 employees of which 35 are engineers

So a 25% reduction in the work force, skewed against engineers 42% reduction. One assume 41 salaries are a significant saving and not a cutting corners disaster.

New job, probably their main job given their focus on insurance.

https://www.linkedin.com/jobs/view/3500894555/?refId=vT6Lhuh9QbCOT5pIqmlvwQ%3D%3D&trackingId=vT6Lhuh9QbCOT5pIqmlvwQ%3D%3D

Is this worrying?

Thanks. With regards to the presentation deck - just seemed like obvious stuff to say with the 318k being the only real bit of news. I hope those who attended got more from it. The AA is tricky as it fell into the hands of private equity so who knows what decisions were made.

Obvs, I am very happy they had this CMD but not sure how it will bear fruit.

All fair points. What did you think of the presentation? - seemed lacklustre to me. I may have read too much into it but no AA renewal noted.