Member Info for dc2_

They also need to address the debt situation - my understanding is they need to pay the balance of the HSBC loan next Oct i.e less than 11 months away (I could be wrong).

As for the delayed half year report and outlook - new finance director may be the reason, or they are waiting for something positive to say (like a contract renewal - my view on that is still utter confusion, but assuming these renewals can add to the bottom line, then you would imagine that they need to be signed sooner rather than later).

The only thing that keeps be upbeat is knowing that Raza (ML) has invested more recently. If he wanted to pick this up on the cheap he would have let nature take its course and buy the company from the administrators in some deal.

New partnership

https://insurance-edge.net/2022/11/23/one-call-launches-payg-car-product/

On a different note, we are due an update - does anyone get the same positive feelings prior to an update, to then have them taken away on the day. De ja vu - hopefully, not this time......

Microlise investing £1m is probably the only relevant fact - Raza knows the business better than most and has to explain to his shareholders why he did this. I think Trak will be ok and it is just the market holding its breathe (as you say). Just hoping that the next update reinforces the last and the green shoots of a turn around story start to show - I understand your frustration and why you would want to get out but I don't see the point in bailing - my stock picking is terrible so I would be trading one hell for another; and Trak will either go under or will break out from this low (obvs, hoping the latter) - so I see more upside.

Share price is taking a battering again. Is the market right in thinking that no news is not great? I know the onus of the directors is to run a business but it would be nice to hear something positive. As you say Microlise obviously have some faith, but have equally picked up a fair chunk of the company at this level (so one assumes either on the cheap or a fair value for what they have in mind)

I completely agree and obviously disappointed - need a brilliant (and not BS) update.

What did you make of the "urgent" job vacancies?

I read it as the restructuring spooked a few of the ones they didn't want to lose - this is based on the assumption that they made people redundant, so those job positions were no longer needed and it would be difficult to advertise for redundant posts. So, not great to read, but accept that this is the nature of work.

Good news, it does sound like they have done the restructing, at least in the sales teams. Would be nice for an update - think we get one this month.

Worth a read

"Following the recent restructuring of our Sales & Marketing teams we have a number of new vacancies here at Trakm8 below are the three most urgent roles we are looking to fill."

https://www.linkedin.com/feed/update/urn:li:activity:6993639946309795841?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A6993639946309795841%29

I mean on Linked In

All I know is the moment it was announced the number of employees shot up to 125 and has remained there ever since - I assumed people were motivated to start looking for new jobs so updated their profiles. But yes, would be good to know that the cost savings were now kicking in

I spoke to an EV owner about this - main concern was tax not being spent on better infrastructure - person claims four of the public chargers he tried were not in service.

Not sure what can be done at this point other than a self assessment style mileage estimation - which uses the MOT system to capture mileage done or is based upon what mileage you told your insurance provider. Then a monthly charge. No need for trackers then.

As for Trakm8, I have known it quiet before but even the longest of holders are losing faith. Could do with those renewals (which I still don't understand how they positively impact the bottom line) being announced. In the meantime, the share drifts ever lower......

Yep, did wonder the same. However, think that JW and folks investing their cash recently suggests they have a lot more to lose than we do (so as you say, they should be ok)

Not a bad comment from Allenby - https://www.allenbycapital.com/our-research/

Agreed, looks like an "investment" to me and they put it under the M&A header

"Selective M&A

We have a robust pipeline of opportunities in M&A where we are engaged in several processes at present. We also continue to actively assess further potential acquisition opportunities, with a focus on companies that could expand our technological capability or increase our international presence. Progress is being made in this area and we have evaluated over 40 companies over the last 15 months.

Post period end, we have made a further investment in TrakM8 (TRAK) via a GBP1m convertible loan note to deliver a restructuring that would focus on core growth areas and accelerate route to profitability. "

https://uk.advfn.com/stock-market/london/microlise-SAAS/share-news/Microlise-Group-PLC-Interim-Results/89137519

I read it as broadly positive - re fleet, I read it that new fleet connections were down, but overall fleet still increased (by 4%).

I've said this before but I cannot see how contract renewals affect the bottom in the way they suggest. Losing a contract makes sense, but why does renewal yield greater profit - I find it hard to believe that these contracts become much more profitable (I suspect they do the opposite, as there is always competition in the background).

We assign a new fair value of 38p (from 29p)

An update...

https://www.allenbycapital.com/our-research/

Thanks for your honesty. In my opinion, the company should have stream-lined itself more when it had to be bailed out by Microlise. Is this too little too late, I hope not. £2.5 million of annual employee cost savings implies a lot more than 30+ staff (but could be wrong). One thing for sure, large redundancy numbers are going to make it a horrible environment to work in until the dust has settled.

As for the board, I think we all share a similar opinion to you but accept they did steer the ship through the covid times. That said, they did say they would meet this years forecast, and if that is true then this, and the new cost savings, are going to turn this company around. If they are wrong, then the ship deserves to sink.