Member Info for dc2_

Contract, I had forgot.........lol

One imagines so but as you state - not worthy of even an RNS reach...

Https://www.trakm8.com/news/trakm8-and-calor-gas-extend-partnership

Trakm8 is delighted to announce the extension of its supply agreement with Calor Gas Ltd, following the signing of a one year contract extension.

https://www.linkedin.com/posts/trakm8_fleetmanagement-rh600-fleet-activity-7267109754362118146-nO-T?utm_source=share&utm_medium=member_desktop

Nice to know. Doesn't mention PAYG driving but hopefully it is part of the capacity increase (whatever that means)

Looks like ISA - most of the 6.5p trades bar 1 x 68k equals the 277k at 6.54p after market

Would make sense given the budget - good to see a large holder out there

Weird trades going through at mid - hopefully end of some seller pressure or something else positive

I reckon it will be the last possible moment - so late Nov, early Dec. Need the contract to be signed else another 6 plus months at this level or below

Got to admit the relationship is very bizarre. It starts with Trak cutting off the manufacturing of ML devices and then going cap in hand for help. You'd think Raza would hold some kind of grudge but he owns 1% (purchased since). Perhaps ML's share ownership is designed to put off other potential buyers so controlling an aspect of the industry. As for why ML has not sealed the deal - I suspect JW wants more than Raza is prepared to pay.

Trak claim to be device agnostic - so Raza should point his domains off to them as a temporary solution. Ok, probably not that simple but the press are making it sound like a ransomware attack (very hard to come back from that).....

Good point re getting Trak to be the stand in while Microlise deal with their issues. I suspect it is not that easy but if it was part of the solution then this bodes well for any future deal. I will stress what I have said before - I am not a fan of Trak owning its own data servers - because you need to pay for the expertise to protect them - I guess a very good back up strategy may placate my worries.

At least BoE dropped interest rates - may help

I think it helps that the spread is 6-7 - better than 6-8. That said, still surprised price did not recover given many more buys than sells - makes me think there is a seller at 7p or maybe a couple more buys will see the MM take it back to 8.

Update coming.....let's hope it's a good one. Although, that software contract hangs heavy so just saying we are confident/hopeful is not going to move the share price upwards. We will drop if they say they are no longer in the running. I am sure that business degrees now teach a section of how not to announce contracts you have not signed - giving Trakm8 as the example.

Some good chunky buys today (by the looks of it) but still the price is down over 7%. Quartix is up as of writing so not likely a sector reaction to Microlise (but Quartix aren't linked)

Amen to that, although I think Raza has other things to worry about today. For us, this could be wind of a failure to sign the contract........

I keep thinking it can't get any worse - and then I am proved wrong. Down 7.14% today. From memory pricing is already cheap (I think a LinkedIn post had it at 65p a day) but I think if all companies increase their prices to account for this then we may be ok.

We are due an update soon - we need more info around this contract and insurance.

Jeez - "Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, reports that a large portion of the Company's services have been affected by a cyber incident after detecting unauthorised activity on the Microlise network. This has resulted in disruption to services which are currently inactive."

While difficult to prevent, this is why I am opposed to Trak hosting their own servers - should be behind a Tier 3 data server (perhaps their's is). The other thing is whether Trak will be affected by this given their relationship

I was thinking something along those lines - although I assumed no news was good news. Allenby/Trak's continued insistence that they are confident of getting it over the line surely means that they would have to say if they were unsuccessful - I am still surprised they mentioned it in the first place - the idea of bigging up a contract before it gets signed is a bit like one of us saying Trak is going to make us very rich.

As for insurance - I can't see it myself - Quartix have slowly removed themselves from this market and I can't think of anyone else doing it. I am not saying they know best but it implies it is a difficult sector to be in.

Still holding - will probably be the one that turns the lights off.

I have no idea about whether that will be good or not - if it is moving AIM to the All-Share then I guess it will offer more opportunities for IIs to get in but with increased cost/regualtion.

My biggest worry is the anticipated increase in employer NI. This could be the straw that breaks the camels back for small businesses.