Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Doesn't look like they are going to be at the CV show this year
https://cvshow.com/a-to-z-exhibitor-list/
Makes me think they are tightening their belts or the change in strategy to insurance....
I, for one, still don't get it.
Forecast based on contract renewals - no RNS to say that these contracts have not been renewed i.e. missed target, so assumption is no news is good news
Staff cuts of 25% does not appear to have changed the forecast.
Conclusion - I don't get it and this concerns me as the only way I can square this circle is to assume contracts have not been renewed but forecast intact because of staff cuts (which is a terrible outcome - although, better going forward). Obvs, I am not an expert in RNS/material differences.
Thanks for working that out. I noted that Sainsbury's (I always thought they never named names) was listed on the 2022 presentation but not the CMD one, so hopefully this is the reason.
I have a few concerns (which I may not explain well):
i) given the staff cuts, are Trakm8 assuming the big contracts will not renew and they are still on track (but via a deceptive way); or, if they do renew - is the profit going to increase - the convertible loan thing paid for the redundancies so the cost savings must have a positive impact.
ii) Sept 2023 is when the bank loan needs to be paid - circa > £3m. What is going on there?
Agreed that they CMD was important, if the end was on the cards this would have been picked up by the investors immediately (one imagines) - so I do think it is ticking along as expected. The 25% reduction in staff and 318k devices all sounds good for the bottom line. Microlise confuses me - invest on the one hand, but does not take it over.
I guess we will see soon enough
Just read the job spec and it states "We now have a brand new and exciting opportunity for an experienced Head of Sales to join our Insurance & Automotive team." - so a new post - find that hard to believe
May have already been noted....
From the 2022 presentation (date unknown)
* 160 employees of which 60 are engineers
and the CMD presentation
* 119 employees of which 35 are engineers
So a 25% reduction in the work force, skewed against engineers 42% reduction. One assume 41 salaries are a significant saving and not a cutting corners disaster.
New job, probably their main job given their focus on insurance.
https://www.linkedin.com/jobs/view/3500894555/?refId=vT6Lhuh9QbCOT5pIqmlvwQ%3D%3D&trackingId=vT6Lhuh9QbCOT5pIqmlvwQ%3D%3D
Is this worrying?
Thanks. With regards to the presentation deck - just seemed like obvious stuff to say with the 318k being the only real bit of news. I hope those who attended got more from it. The AA is tricky as it fell into the hands of private equity so who knows what decisions were made.
Obvs, I am very happy they had this CMD but not sure how it will bear fruit.
https://www.trakm8.com/wp-content/uploads/2023-02-Capital-Market-Event-Presentation-Deck.pdf
Quite a claim.... is it true (I doubt it - would imagine there are lots out there)?
"The most advanced 4G telematics camera available globally, the RH600 represents a big step forward in vehicle camera technology for drivers and fleet managers alike"
https://magazine.fwg.digital/fleet-world-digital-issue-1-23/feature-technology-cont
My maths may not be great but (and with assumptions of recent trades being buys) I think just under 1% of the company has been bought in the last week or so - and - a large seller appears to have finished (hence the drop to 12.5p) prior to that.
As we are all questioning - do they know something we don't or just taking a punt on a share which is priced to fail but could produce a multi-bagger if the near term news is promising.
Personally, I hope it is rumours of a take over but don't mind how the price goes up as long as it does.