Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Profit from monkey business It's fair to say that the tech companies I follow have done rather well in the past year, albeit the stock market exits of Accumuli, Anite, Pure Wafer and KBC Advanced Technologies have brought windfall gains. My best performer is telematics and data provider Trakm8 (TRAK:300p). I recommended buying the shares at 92p just under 11 months ago ('Zoning in on a profitable price move', 16 Feb 2015) and last recommended running profits at 360p after the company announced an extension to its current relationship with the AA (AA.:270p) ('On a roll', 15 Dec 2015). Since then the company has made the earnings-enhancing bolt-on acquisition of Route Monkey, a software provider specialising in solutions that optimise fleet route planning, for both conventional and electric vehicles. Its software generates savings and efficiencies for organisations that include Shell, BMW, Yodel and Iceland by optimising their fleet, resources and infrastructure. The acquisition offers several strategic benefits for Trakm8. For example, Route Monkey adds new and complementary technology capability to Trakm8 in the field of fleet route planning and it has a strong capability for electric vehicles; the company will integrate Route Monkey's algorithms and related software into Trakm8's telematics and camera solutions to provide an enhanced service offering; and Trakm8 provides Route Monkey with access to its larger customer base and sales force. It makes financial sense, too, because analysts at house broker finnCap believe that the acquisition will contribute revenue of £3m in the financial year to the end of March 2017 and with the benefit of high margins this should add £1m to profit estimates. In the 2014 calendar year Route Monkey posted pre-tax profit of £700,000 on revenue of £1.7m, so it's a fast-growing business. Upgraded estimates On that basis, finnCap now expect Trakm8 to grow its revenue from £17.9m last financial year, to £26.5m in the 12 months to the end of March 2016, rising to £34m the year after. In turn, this robust revenue growth profile is forecast to more than double current year pre-tax profit to £3.8m, rising to £6.4m in the 2017 financial year, to generate EPS of 11.5p and 17p, respectively. In order to fund the initial consideration of £7.1m, Trakm8 placed £6m of new shares with investors at 333p each, issued £600,000 of shares to the vendor, and made a £500,000 drawdown on a new £10m bank facility. Up to £2m of deferred conditional cash consideration is payable in April 2017 based on performance in the year to 31 December 2016. The new equity issued equates to 6.6 per cent of Trakm8's previous share capital of 30m shares, so dilution to existing shareholders is more than offset by the profit uplift Route Monkey is expected to give the company, hence the near 7 per cent EPS upgrade to finnCap's 2017 estimates. And I feel those u
must be down to company specifics as opposed to general market woes, otherwise my shares in other companies would be holding hands.and they're not. Also, the buy/sell ratios have changed this past few days. I accept that wer'e in an AIM company, just gonna have to wait and see. We are wise enough to know that if there is something out their, we won't be the first to know, it's just the nature of the beast unfortunately. It's .........Business !
Is down to 2%. This will encourage traders and I just wonder, is this the reason for the SP volatility over the past 3 days as suggested earlier. . There's been an 8% difference between day highs and lows on occasions. Are the MM's encouraging trading ? I don't know.
Thanks for that. Appreciated. The daily volumes are uncannily similar for what to some is an illiquid share. I experienced the price move downward yesterday when I tried to sell. They really tried to have my shirt over my head. Anyway, I've come to my senses and told myself that the reasons that I invested last year still stand. TIMES TEN!! (I'm also invested in 32red since about the same time as trak. Hence the paranoia ). GL
Because the intraday SP is becoming very volatile. Can anyone tell us if there has been an increase in the daily volume just lately. Thanks.
Last night at 380 I tried to sell. I could only get an offer at 362 so I held. seriously in profit now but it's the old dilemma greed V gain. Without a doubt the latest business division being created adds more to the SP sowill stay in now.. What luck !
Shares in Lloyd's insurer Lancashire Holdings (LRE) fell sharply on Monday after reports that two executives, Peter Scales and John Lynch, had left the company's Lloyd's managing agent, Cathedral Capital. Trading so far this year has remained a challenge, with a benign claims environment putting downward pressure on premiums. Overcapacity is expected to continue, and gross premiums written in the third quarter were down by more than a fifth, bringing a contraction in the first nine months of the year of nearly a third. Much of this reflects the fact that a number of multi-year deals written in the property and energy segments in 2014 are not yet due for renewal. Without these 'non-annual deals' gross premiums written were down a more bearable 10 per cent. The good news is that with an excess of capital, the group has continued to reward shareholders with special dividend payments, the latest of 61p a share due for payment on 18 December. IC VIEW: Lloyd's underwriting is a people business, and when key managers leave they tend to take business with them. We tipped Lancashire Holdings as a potential takeover target in a sector that has seen considerable consolidation following successful bids for rivals Amlin, Brit and Catlin. However, at 599p, Lancashire shares have fallen sharply from an earlier peak of 758p, and we downgrade our earlier advice (Buy, 557p 15 January 2015), although given the attractive dividend, the shares are worth holding on to. Hold.
I'm out.. Easiest 21% I've ever made. Think it'll drift down until Brazil announcement but still don't see it getting back to its recent levels. All IMO of course. I've been wrong before, 1989 I think it was. Lol.!
Pace (PIC) investors sent the set-top box maker's shares up 7 per cent after US competition regulators approved US peer Arris's proposed takeover of the group. The deal has been approved in five countries, leaving Brazil as the final holdout. Brazil and out. Happeeeee days
It was for those reasons that I jumped on board. Because of the lack of transparency the price never budged and consequently it meant very little downside. GLA
To an early Christmas prezzie. Doubled my holding at 673. Chuffed to bits cos I'm retiring soon. I am obviously missing something otherwise they wouldn't be trading at this low level, however..... ITS THE DIVI I NEED ! And now got.
For a while now I would think. The trajectory curve should flatten a little now that we are in orbit. I for one will be pleased as in and out traders only serve to widen the spread and create volatility. i am now confident enough in this company to tuck away and leave alone for the foreseeable future.
I'll keep taking this, thank you very much.
even tho the mm's have narrowed the spread by over 2%. They can't shift em. Not a good sign at all. I for one am twitching, dare to even think about the word "leak". Ugh !
Still doesn't entice me. Tomorrows direction will be interesting. If anyone had asked me at the beginning of the year to rec a sector. It would have been discount/cheap shops. How wrong. Still, not a bad entry point for someone patient. Is it ?????
Will someone wake me up when the deal is done please. Even the market makers have nodded off on this one. It's like waiting for Christmas.
I agree, but one mans 32k is another mans 320k. by the way, if I was in either of rhose leagues, I wouldn't be confident, I'd be absolutely positive !!
A smaller spread or a bigger shake and I'd be in for some more for an in and out. Got a feeling there will be more opps before the RNS
What is happening? The Boards of Pace plc and Arris Group Inc have announced that they have reached agreement on the terms of a recommended Merger of Pace with Arris, through the acquisition of Pace and Arris by New Arris. The Merger is to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006. As a holder of Pace plc Shares held within your Hargreaves Lansdown Vantage Stocks & Shares ISA you have been offered the following: For each Pace plc Share: 132.5p in cash and 0.1455 of a New Arris Share
Under the terms of the Scheme, Scheme Shareholders on the register of members of Pace at the Scheme Record Time will be entitled to receive: for each Pace Share 132.5 pence in cash and 0.1455 New ARRIS Shares The Merger terms represent an indicative value of 426.5 pence per Pace Share based on ARRIS’ closing share price on 21 April 2015 (being the last Business Day prior to the Announcement) at a US$-£ exchange rate of US$1.4928 : £1 (as sourced from Bloomberg on 21 April 2015). This indicative value of 426.5 pence per Pace Share values the entire issued and to be issued share capital of Pace on a fully diluted basis at approximately £1.4 billion and represents: