The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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 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
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.
TrakM8 are back at the CV show
"We are delighted to announce our return to the Commercial Vehicle Show this year, where we will be taking centre stage in hall 5 at stand 5E91. Experience the forefront of #fleet technology as we unveil our latest cutting-edge innovations."
Looks like they have a modest pitch; which seems more appropriate than their former ones. I wonder what their latest cutting-edge tech will be.
https://floorplan.live/interactive/shows/2889/views/55/plan
What are you thoughts? Post 2018 profit warning, trak still invested heavily in this show - until covid. I always thought it was too much money given the circumstances, and stopping was a good thing. A return signals that they now have the cash to splash (so a good thing, if the money is used wisely)
Is this something to be worried about - in the WhatVan magazine (which can't spell Trakm8 - aka Trackm8), there is an article that Iceland have chosen Lightfoot for driver training/feedback (page 6). I thought Trakm8 delivered this service. Perhaps it is different.
https://lnkd.in/eWdzC_VF
Trakm8 pick up an award - no idea if this is just a 'throw money at it' type of award.....but good nonetheless
Innovation Award: Trakm8 (Highly Commended: Allstar Business Solutions)
https://www.whatvan.co.uk/news/2023/what-van-awards-2024-winners-revealed
From the Executive Chairman's Statement I see lots of positives, including:
* The Board believes that this capital investment should generate significant return on investment over the coming months and will ensure that we continue to deliver cutting edge solutions to our customers - the data centre stuff. I can only imagine what they must have been paying for hosting - although, I still worry about whether their's is a Tier 3 data centre or above. I also wonder if Maddie was using a lot of node time on the cloud which was expensive, so this allows for AI modelling.
* Fleet unit sales also decreased by 38% to 5,000 but with corresponding device revenues up 20% as more complex solutions continued to be delivered to new and existing customers
* Despite this, we believe that the point has come that growth in connections will now restart - addressing the reduction in connections (which doesn't seem a good metric to me anymore given that the routing stuff seems important)
* We are also expecting our Optimisation business to expand further into the home delivery space - one assumes this is a reference to the software contract - interesting, because I thought the Sainsbury's contract was just that. So my guess is this contract is an expansion of services from Sainsbury's (perhaps food delivery or Argos)
So blindly, I remain positive.
RNS does not read terribly to me - but is is a Friday, so always suspicious - can someone with a better understanding let me know. Not sure I agree with their data centre plans - most have gone to the cloud for good reason. Also, debt still high in my opinion - thought one of these loans had to be paid by Sept......