Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Terrible downward trend, let's hope the next update turns this around. Still think that the update should be more concrete than earlier versions. Think they are waiting for something to be confirmed e.g contract or, in dream world, a sale
Yep, did notice - got that sinking ship feeling. Obviously, we don't know the reasons the seller(s) is selling - and I suspect they have no insider info. There is a lot of things that need to be addressed imo - including:
1) Contract renewals
2) Debt - the growth and term loans have been paid monthly since Sept 2021 - so we should see quite a reduction - obviously, the CLN loan takes it back to square one. Then the term loan needs to be repaid in full in 11 months time - so what is happening there.
3) The restructure - how that is going and what impact is it having - the CLN paid for it so the upshot should be seen as soon as people leave the company
I still think the positive is Raza's continued support.
Lol, was going to say the same.....including that when he told his grand child, they thought he meant sell sell sell. But seriously, no clue other than hoping the update will be further down the H2 line, so should give a more confident outlook.
Almost makes me want to sign up - i.e hate black box tech that judges you
"Our friends at Trakm8 – experts in technology solutions across the telematics industry – will be providing the mileage tracker. Unlike a black box, it won’t be used to track how you drive, simply how far you drive – making it a suitable solution for all drivers, no matter your age or driving experience."
https://onecallinsurance.co.uk/blog/2022/11/28/introducing-pay-as-you-drive-our-innovative-new-product-with-trakm8
Adiona celebrating its first year - makes a point of thanking its partners/investors. No hard data but nice.....
https://www.linkedin.com/posts/paulrichardharvey_insurance-adionainsurance-investors-activity-7003194238091853824-yOvt?utm_source=share&utm_medium=member_desktop
Also, another job being advertised (so fifth job since restructure)... product approvals and quality
https://www.linkedin.com/posts/dee-johnston-49352214b_hiring-manufacturing-electricalengineering-activity-7003017503769567232-XFaO?utm_source=share&utm_medium=member_desktop
Yes, I noticed it was a sell without instruction - how is that even possible!? Like you, relieved it wasn't a large sell (and no buy back).
Any yes, a closed period (like you say) - very weird (I have images of one of his grandchildren [assuming he has some] doing some share trading)
They also need to address the debt situation - my understanding is they need to pay the balance of the HSBC loan next Oct i.e less than 11 months away (I could be wrong).
As for the delayed half year report and outlook - new finance director may be the reason, or they are waiting for something positive to say (like a contract renewal - my view on that is still utter confusion, but assuming these renewals can add to the bottom line, then you would imagine that they need to be signed sooner rather than later).
The only thing that keeps be upbeat is knowing that Raza (ML) has invested more recently. If he wanted to pick this up on the cheap he would have let nature take its course and buy the company from the administrators in some deal.
New partnership
https://insurance-edge.net/2022/11/23/one-call-launches-payg-car-product/
On a different note, we are due an update - does anyone get the same positive feelings prior to an update, to then have them taken away on the day. De ja vu - hopefully, not this time......
Microlise investing £1m is probably the only relevant fact - Raza knows the business better than most and has to explain to his shareholders why he did this. I think Trak will be ok and it is just the market holding its breathe (as you say). Just hoping that the next update reinforces the last and the green shoots of a turn around story start to show - I understand your frustration and why you would want to get out but I don't see the point in bailing - my stock picking is terrible so I would be trading one hell for another; and Trak will either go under or will break out from this low (obvs, hoping the latter) - so I see more upside.
Share price is taking a battering again. Is the market right in thinking that no news is not great? I know the onus of the directors is to run a business but it would be nice to hear something positive. As you say Microlise obviously have some faith, but have equally picked up a fair chunk of the company at this level (so one assumes either on the cheap or a fair value for what they have in mind)
I read it as the restructuring spooked a few of the ones they didn't want to lose - this is based on the assumption that they made people redundant, so those job positions were no longer needed and it would be difficult to advertise for redundant posts. So, not great to read, but accept that this is the nature of work.
Good news, it does sound like they have done the restructing, at least in the sales teams. Would be nice for an update - think we get one this month.
Worth a read
"Following the recent restructuring of our Sales & Marketing teams we have a number of new vacancies here at Trakm8 below are the three most urgent roles we are looking to fill."
https://www.linkedin.com/feed/update/urn:li:activity:6993639946309795841?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A6993639946309795841%29
All I know is the moment it was announced the number of employees shot up to 125 and has remained there ever since - I assumed people were motivated to start looking for new jobs so updated their profiles. But yes, would be good to know that the cost savings were now kicking in