Member Info for dc2_

Loads of jobs being advertised

https://www.trakm8.com/careers/

As I have said before, this could be a growth story or a high staff turnover problem. Hopefully, the former.

thanks for the explanation....makes sense. I also agree cost cutting would be good, especially in R&D (whilst I like the idea they are into R&D, they do seem to spend a lot of money there) and BoD salaries.

At least there will be an update soon. Will is be the typical "brush it under the carpet" update, I hope not. I hope they talk about early signs of it being a profitable year.

I know there is less revenue and larger debt - but - I still have problems understanding why QTX is valued so much higher. Yes, it should be higher but at over 30 times.

Obviously, no real clue - just can't help wonder why they got involved at 20%. I would like to think they have an inside track, and as soon as the signs are there, they will go for it (before the share price can put it out of reach) - clearly, just dreaming.

I also think 50p is cheap, but who knows. Although, clearly better than where we are.

Nothing much to add. It certainly feels like it could be doing better especially with QTX rising so much. No idea where £15m comes from, I thought is was closer to £5m, so perhaps a keyboard slip.

The biggest concern is loss of fleet customers. These are the big earners so it is worrying that they lost 10% on the year.
Also, as you say - the cashflow and debt could be an issue but with renewed banking facilities, people better than me have assessed this and thought it was ok to lend.

Clearly, a purchase by the new directors would help.

I can't predict the future, but I do see this going up in the near term (possibly as early as the end of this month, if the update is good). However, I think Microlise may be eyeing it up.

What will it go up to - probably not much. I think 50p is a good target as it happens to be the option strike price. Personally, I would like 75p+ but the share dilution makes this hard.

Interestingly, this new partnership came at a loss for Tracker. This is from the wayback machine (2nd March 2021)

https://web.archive.org/web/20210302085343/https://autoserve.co.uk/our-services/tracking-telematics/

Obviously we do not know the commercials or the success of these partnerships, but I do think Trakm8 are now getting some traction here. All positive in my opinion.

Both my purchases were put as sells- today (the smaller one) and the 26K on Fri. I am not in as much as you but thought (and hope) that I will look back and think they were cheap.

ps. I am not seeing any overhang - if the mid was 14.3 then most of the reported trades on Fri were buys. Could be wrong.

I have similar thoughts to KBYK, I think it is quite encouraging that somebody got to sell that many in one go and get as much as they did.

Ouch https://uk.advfn.com/insights/toplist/london/percentage-losers/news

This share is not loved....

I had assumed the top company would reflect the others but I was clearly wrong (including missing huge dividend payouts)

for info - it looks like the first time Alltruck created the page was Nov 25 2020 - so not new.

Alltruck pushing Trakm8 products on LinkedIn today - main page below

https://www.alltruck.co.uk/pages/fleet-technology/trakm8-telematics

I looked at Microlise at companies house today. The top layer of the company is a holdings company. I did not realise that Raza owns more than 75% of the company (to be fair it is a little confusing as another document states he has just over 50% of the total shares - some of the others do not have voting rights though).

https://find-and-update.company-information.service.gov.uk/company/11553192/persons-with-significant-control

Also, if I have read it correctly then the company only pays a modest salary (excluding other benefits) to its directors (the highest £112k in 2019) making his personal purchase of Trakm8 more important than just throwing cash away. Perhaps he thought he could make a quick buck to try and get an income nearer JW's.

They probably haven't got as much as you in the game ;o)

But seriously, I completely agree - I personally think that when they meet certain criteria, Microlise will pounce. I think this is why Raza owns over 1% personally (a nice bonus, if it all happens). Obviously, I am just guessing.

Consolidation will win out in this industry - whether Trakm8 is still around, who knows - hope so!

I don't know about you, and maybe I am deluding myself, but I am starting to feel much more positive about the company now. I think the recent news, albeit small, has helped. So yes, I am eagerly waiting for their next update.

I just came across this quote

" Trakm8 is helping insurers who are continuing to tackle these growing challenges, with accurate claims data using our enhanced crash algorithm to ensure detailed accident reporting! "

As a bull, I read this as a positive i.e. Trakm8 doing a lot more than just tracking, especially in the insurance space. Are they adding value or can every other company do it? I would like to think they can corner this area (wishful thinking)

https://www.linkedin.com/feed/update/urn:li:activity:6803741582563545088/

New partnership

"The telematics technology expert has rolled out its award winning RH600 integrated telematics camera across Energy Assets’ full fleet of 200 vehicles, following a successful trial period."

https://www.trakm8.com/news/trakm8-announces-partnership-with-energy-assets/

I now see it is part of the Arnold Clark group