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Been with this for years. Should have left when it hit 17p. The fundamentals look decent enough
But clearly it is not loved.
Held this share for many years now and disappointed with current price.
Still looks a decent business but clearly not loved by the masses.
Anyone else following this and anyone with any good news to post?
Doesn't seem to be a lot of interest right now in this. Perhaps further deals will stimulate the interest and thus a rise. Long term holders I think will be well rewarded given patience.
A£500,000 increase in component costs has slammed the brakes on shares in telematics equipment manufacturer Trakm8 (TRAK:AIM). But substantial growth in the order pipeline and management’s impressive execution track record suggests now could be a good time to buy on price weakness. Analysts are sticking to a 425p target price that implies investors could double their money in 12 to 18 months. The share price has declined from 227.5p to 212.5p since revealing the component cost issue. The cost increase is not hugely surprising since the company sources a considerable number of its components from the eurozone. The pound has been steadily falling since long before the Brexit vote as the Bank of England’s moves to shore up the economy have pushed investors into selling the pound. Its slump over the last 12 months means sterling is now worth 16% less against the dollar and 18% down on the euro. The company remains confident it can oset much of the extra costs through its overseas expansion plans and by renegotiating with many of its key suppliers. The optimism of executive chairman John Watkins is shared by FinnCap analyst Lorne Daniel. ‘We retain confidence that the revised full year profit growth forecasts can still be achieved if the first half 2017 profit is, as indicated, below half year 2016.’ A trading update on 7 September revealed exceptional order growth in the first six months of the full year to 31 March 2017 showing a 27% underling increase in the order book year-on-year, and an even better 37% hike when the £9.1 million acquisition of Route Monkey is factored in. If Trakm8’s guidance is as accurate it would imply a rough 7.5% fall in profit due to the sterling hit. Daniel top-sliced his full year earnings per share (EPS) expectations by 7% (1.3p) to 15.7p, but that still implies nearly 25% annual growth. The year to March 2018 is anticipated to show a 15% increase again, with 18p EPS pencilled in. ‘Trakm8’s management team has consistently met expectations over many years so is clearly both conservative and accurate in its financial forecasting,’ believes the analyst. SHARES SAYS: A PE of 13.5 falling to 11.8 next year looks attractive given the still robust growth rates
Spoke to a management member of this company recently, he told me this company will go places with its aggressive buy and roll out programme. Holding back at present due to the potential double dip recession. Like you cannot believe none else is monitoring this one.