Member Info for dc2_

Based on bulletin board comments (or lack of) I suspect ML is under the radar for most people.

I see Microlise updated with the following statement -

"We continue to seek acquisitions that can further enhance our offering and accelerate our growth within all regions. With superior market positioning, favourable market conditions, and a strong pipeline, we are confident of meeting expectations for the full year."

you never know - may be a hint to JW - I will stop dreaming now

Interesting....

I may email JFW prior to the AGM and ask if the work done for this contract is generating any revenue (it has been at least a year), is it all a loss leader and is it still active or dependent on the contract signing. It smells like the Iran situation to me - circa £300,000 invested in the project prior to cancellation.

From Wiki in the future - Trakm8 was listed on the stock market circa 2006, in 2085 Microlise attempted a take-over which was rejected by the Trak BOD as they were still expecting a significant software contract to be signed. It's now 2156 and JFW is still at the helm. He is hopeful that the contract will be signed soon.

We are a couple of weeks away from the next update - notably, we will also be celebrating the anniversary of the 'significant software contract' announcement. This does not bode well, but I guess no news is good news as they surely would have to announce any failure to sign the contract.

I gave it a quick scan and it looked like a cut and paste to me.....on the surface they appear to be doing the right things (£10m recurring revenue) but why is the share price so bad. I see the Watkins get circa £500k between them - must be a good cost saving for Microlise to start with.....

Notice of AGM coming soon - probably Monday/Tuesday. Doubt there will be any sugar with that.

Have we been saved by the coded 1 share purchase? No that I know how to decode it....

I guess the main thing is the seller has their reasons - and not necessarily because they have any additional information to what we have. As recent comments make clear, Trak is almost binary so buckle up for the ride.

Yep, I guess the 20,000 at the mid was a buy (hope so). The 48 after was notably higher than the 10 before.

As for AGM, always think the update in September is the best one (of a bad batch usually) - AGM does give us something though.

LCB Group Chooses Trakm8’s RH600 & Insight Platform to Tackle Rising Insurance Premiums

The upgrade involves replacing C430S telematics units with RH600 Telematics cameras across 253 vans.

https://www.trakm8.com/news/lcb-group-chooses-trakm8-to-tackle-rising-insurance-premiums

Yep, market jitters today - a good buying opportunity for shares in general, perhaps that small sell was to capitalise on this.

My thoughts, as a naive PI, look at the possible reason for the delay in the FY results. They already knew insurance was not back to full steam and delaying the announcement 4 months from the start of the new year just makes it look much worse. So I think they were going to sign the contract but that has slipped. Although, I think we are not far off an announcement (hopefully a positive one) as I cannot understand why this has taken so long (it is almost a year since we were told about it) and why we even needed to be told about it in the first place. Irrespective of the outcome, this may trigger SAAS to do something - Trak has its issues but a take over could dramatic change the landscape for the company (including a massive reduction in BoD salaries). But what do I know, given my blinded loyalty to the company, very little.....

Given that the new Friday was last Monday - I can only hope it would be good news :o)

I agree, Allenby appear to be pretty bullish on Trak. Obviously, the market doesn't feel the same. As for the fair price - I think they based it on the NAV, which was circa £19.5m at the time giving Allenby's 38p. Now it is circa £17.5m giving 35.8p. Just a guess.......

Https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/07/20240729-Trakm8-plc-TRAK.L-Allenby-Capital-Finals.pdf?c4267=on

I completely agree - Great minds think alike, fools seldom differ....hopefully not the latter.

Roughly 10 months since the software contract signing was wheeled out - it is 'hope' - how can it take this long. It also smells of the Iranian issue - where £300k of costs were lost.

The delay compounded the problem in my opinion - as we are 4 months into FY25 and so should have a much better view of the year. Given they would know this, I suspect they thought the contract (which was not Iceland after all) would be signed - it is the only real explanation for a delay i.e to present a rosy picture.

QTX up 12%, TRK down 12%. I am not a fan of QTX and they have made a series of errors of late - but such a contrast......