Member Info for dc2_

Another reasonably sized buy 42K at 16.6p

Yes, easy to forget that they have a lot of skin in the game.

was nice to see :o)

Interesting that both Adam Gooch and Peter Mansfield will be speaking. Haven't seen anything of Adam yet......

All good points, hard to remain positive when they continue to disappoint. Let's see what April brings.

Its priced for failure, they are going to report another loss of circa £1.7m, they **had** about £1.5m (from memory) in the bank and have a large 4.5m debt that may need repaying in September.

There are simply better Covid recovery plays out there, so this company goes largely unnoticed, especially given the risks listed above.

That said, I keep the faith that this is the bottom. I see a company that spends a lot in R&D and I hope it pays dividends for them. Furthermore, they could also cut their circa £4.5m R&D spend and start building cash if they were desperate. They also pay their BoD too much for what they have delivered for us - so a few heads could roll and ease some cash flow. To be fair, the company has cut costs a lot so any upside for them should be magnified.

To answer your question:
A few director deals may perk things up a bit and obviously, solid contract announcements.

PS. Not my worst company - seen many go down, when will I ever learn.

More jobs listed
https://www.trakm8.com/careers/
and
Fleet world catch up with the news (literally added on the 1st March)
https://fleetworld.co.uk/trakm8-advances-insurance-growth-plans-with-new-senior-hire/

Their market cap has gone down today more than Trakm8's total.

An interesting snippet considering they are pulling out of insurance..
"We launched a new insurance self-install unit, which has successfully been rolled out with one insurance customer and we believe has the potential to be rolled out more widely. "

Latest release from Trak
https://www.trakm8.com/articles/insight-2-5-5-release-notes/
Claim it is a major release, doesn't read like it but glad to see them constantly tweaking and improving

Re the CES upgrade. Four years is a long time for cameras so, even if the buy back was true, I doubt they have much value (and CES could redeploy them). If I understand it correctly, then the DC2 (great name, and no I am no related) does not connect to the servers. The upshot of this is recurring revenue.

I can see why Blondeamon got so frustrated. I do understand that covid has been an issue (we are lucky that it was not worse for Trakm8) but their updates are not great. Yes, we are down but they could have mentioned (as others state) the revolving credit deal. 1,000 RH600 does sound good but what happened to giving us an indication of how good.

NoSugar - just took a look myself (have seen the RH600 before but went for another look) - the footage on YouTube is over 2 years old, but is impressive nonetheless.

https://www.youtube.com/watch?v=a4Jqn2GiGPg

Knowbodyyouknow - I thought we had dispelled the bad Friday RNS with the 3rd July 2020 food retailer contract win.

Look again, now up!

I had a quick check but it is hard to know for sure.....It seems there are a couple of post doc (PhD) people working on big data. I find this mind bending.

I also took a look at the QTX web site. I could be wrong but they seem to just offer basic tracking with some obvious functionality based upon it (and a dashcam). My limited experience in the market makes me think that they must diverge at some point, as tracking has been cannibalised too much. They also do not appear to be DVS ready (again, this was just a guess based on looking at their website - they may offer sensors etc).

So here we have two companies. One who is following a traditional organic growth story and the other trying to be the cutting edge. What we need is somewhere in the middle.

I thought 50k buys in 30 minutes may have moved the price, but no. I expect to see one of those mid price transactions later.....does it mean anything (probably not)

I can't argue with that logic although it should extend to the BoD - at least one should fall on their sword.

I noticed on LinkedIN that the much respected Nickie-Hunt Mason has moved on from Airmax. It looks like she got a promotion - so makes sense - but it also suggests she was hungry for it, and possibly explains some of the friction when up against JW.

A couple of new posts added - high staff turnover or growth?

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

That sounds like an excellent idea

I guess we should run if they do not mention an uplift in sales due to DVS in the next update. As you say, your average is near the strike price for the options. This should be the floor.