Member Info for dc2_

Prison? But seriously, enjoy. I wish I could remove myself from looking at Trak all the time.

Trak have added this to their news feed. Nothing new but think it reads better.

https://www.trakm8.com/news/trakm8-grows-european-presence-with-komteknik-partnership/

It is simply a case of not taking responsibility for poor investment decisions, blaming others and wishing the company fails so you can at least take some delight in knowing you got out before dooms day. The bear argument looks desperate to me. I think Dave was the only one who tried to remain objective and I hope that even he can see through the scare stories.

I'm far from being a bear but I think you should add "no news" events e.g. no significant director buying esp the new turn-around guy. There could be a number of reasons for this but it does concern me that only a NED purchased and somehow did it prior to a contract announcement which may suggest little involvement.

I am not complaining.....from an outsiders perspective I see green shoots of growth which may vindicate Trakm8's decision to invest heavily in R&D.

Small contract but something....

https://myessentialfleet.co.uk/trakm8-the-right-telematics-partner-for-airmec-essential-services/

What are the possible outcomes for us if/when the AA sale goes ahead? Ideally, if they get out of the debt situation it may give them more opportunity to roll out SB (I've always thought they should give it to their members). However, it could go south and new owners may call it a day for SB (I don't see this but would not rule it out). If you believe the bears then this would be a good thing because it is a dud ;o)

I hold AA at an average just below 20p so am obviously very keen for the deal to be the best for the AA shareholders.

From LinkedIN, it doesn't say much but gives the RRP of the product (£449 ex vat min).

The award-winning Trakm8 RH600 telematics camera combines all the benefits of telematics with video and photo evidence of road traffic incidents. The RH600 is the most advanced 4G telematics camera in the UK.
- Reduce accident rates by up to 39%
- Cut speeding by 35%
- Enhance fuel economy by up to 10%
- Improve driver behaviour

https://www.globalbarcode.co.uk/product/trakm8-rh600-4g-integrated-telematics-camera

One notable thing is there is no real mention of ADAS etc which surprised me. They do say
"Live stream footage from the cab or road ahead to identify driver distraction and unsafe driving practices" but they could just mean via human inspection. I thought ADAS was on these - they certainly implied it when I spoke to them at the CV show a couple of years ago.

Agreed, but it is still only a market cap of £50m or 5 times recurring revenue (QTX is £150m). Need to clear the debt I feel before that happens though. Perhaps we would be more grounded to think that they want to achieve at least 50p per share.

My maths may be wrong but that last dilution was at circa 50%. I thought we went from 34m shares to 50m. Given that Microlise hold 20% (10m) which represents roughly 66% (the director also acquired more) over the last raise I say 50% sounds about right. What am I missing? There were other raises (such as the one PaulyPilot (sp?) bought into) which must have also diluted the shares.

I would be happy to be wrong.

Re Fuel Store - this was on LinkedIN

"It's been a busy time for us at The Fuel Store with the launch of our Telematics service, in partnership with our friends at Trakm8"

https://www.linkedin.com/posts/the-fuel-store_fueller-fuellerfamily-telematics-activity-6696837930800951296-hCxY/

FWIW I also think £1 per share is achievable if Trakm8 do manage to turn it around. I would note that there has been some serious dilution over the years so increases will be harder but I would be happy with a market cap of £50m. Given time I expect QTX and TRAK to trade at roughly the same prices but a lot needs to happen. I have always seen QTX as not taking the risks of development and that has served them well but I am hoping that at some point the technological advantages TRAK has will pay dividends. Obviously, I am still wary of their need to manufacturer in the UK.

However, my view of what TRAK is worth is a baseless as the claims made by the bears. Only time will tell.

As for NHM, I agree with Pianista - personally, I had not heard of them before.....

I still think the Swedish tie up is more interesting. It is a post brexit deal and I am hoping it demonstrates that Trakm8 now has the technology to expand into Europe in a big way via partnerships. Of course the bears will say they are giving the product away (paying them to take it etc).

On a related note, Sept 21st is the start of Autumn so Trakm8 does not have long left until the bull turned massive bear's prediction of doom arrives. Looks like I will be the one who turns the lights off.

Is it me or have they changed it?
https://www.trakm8.com/
I hope so because it did not work on my tablet and was slow.

I'm not sure where we got to with Trakm8 and ByMiles i.e. are they still a client (or maybe I just got confused). Perhaps this may give a hint....

John Kowalyk (Trakm8) wrote a LinkedIn article (21st July) about how usage based insurance may become the norm. He makes a specific reference to By Miles as an example.

https://www.linkedin.com/pulse/disrupting-insurance-motor-sector-ubi-post-covid-john-kowalyk/

On his bio he writes:

"Trakm8 have invested considerable resource into driver behaviour analysis,Diagnostics, FNOL/forensic accident identification, collecting over 5 billion miles of data per year it offers an end to end fully managed service specialising in major Insurance Companies, (Direct Line,Churchill,Privilege,NIG, Young Marmalade, Ingenie, By Miles). Clients also include EE, BT Fleet, Iceland, Shell, Calor, Scottish Power, Jewson, British Gypsum, The AA, Green Flag, JLR, Local Authorities and OEM's."

Interesting observation. I hope that Mansfield shores it up with a share purchase.

Whilst it is a lot of share options (2% of total shares if my maths is correct) it does at least point to a price higher than today (the over 50p rule), although I thought the same last year. Obviously options are irrelevant if the company fails by the end of summer prediction.

and a post Brexit arrangement

Good find....

sale of 17 shares

and here I was thinking it was one of our bigger holders selling out ;o)