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.
In my made up world I saw this as a leveraged CFD/Spreadbet and the company has bought some/all of the underlined stock to hedge itself. The position was possibly taken with a view to the reported 9th Nov update date; and now it is been unwound. Obviously, I have no clue. I just think that CFD positions tend to be short term (at least mine are). In the grand scheme of things it does not matter - provided Trakm8 don't announce something bad (obviously)
Trakm8’s RH800: A Game-Changing Solution for NE Transport Solutions’ Fleet Management and Safety
https://www.trakm8.com/news/trakm8s-rh800-a-game-changing-solution-for-ne-transport-solutions-fleet-management-and-safety/
Report is https://www.trakm8.com/wp-content/uploads/210923-Capital-Markets-Day-Presentation-Deck.pdf
Not a huge amount of info in there.....
Interesting point -
"Overheads excluding Interest, Depreciation and Amortisation running £140,000 lower per month at the end of the first 5 months compared to prior year despite inflationary pressures"
and
"Interest, Depreciation and Amortisation running £50k per month higher than prior year"
So £90k better off each month even with interest hikes and inflation. My worry was about the impact of debt and it looks like they navigated that well.
However, I am not convinced by this project "£0.5m investment on in house-data centre to reduce external hosting costs impacting all of H2 - £0.6m saving per annum" - this requires hardware, staffing (inc out of hours support and a whole host of business continuity) as well as electricity (that's my worry). Could be wrong.
AGM and Captial Markets Day annouced - circa 4 weeks time. Not sure the last CMD was effective but does make me think Trakm8 must be doing ok as they stopped AGM timed presentations in 2018 (correct me if wrong), so resuming them must be a good sign.
Interesting point made in this article about telematics policies
https://www.theguardian.com/money/2023/jul/22/uk-drivers-car-insurance-costs-price-petrol-diesel
"The average car insurance quote increased by 34% in the year to May, according to the market research firm Consumer Intelligence. It says a typical policy now costs £2,145 for under-25s, £850 for the 25-to-49 age group, and £568 for over-50s. In bad news for new drivers, there are also fewer of the telematics policies (where a black box or smartphone app measures how you drive) that are usually a cheaper option."