Member Info for justaquickone

Feel sorry for the PI's here as this has been a bumpy ride for a long time but with the Watkins at the helm it was inevitable.

Share price 2008 when JW was made CEO - 0.26p

Box telematics - 3.5million

Road hawk £3 million

Route Monkey - £9 million

Road sense - £0.6 million

Trakm8 sold 9.5p or £5 million

JW & MW should be very proud of their achievement

Question is who will invest in Trak

As I believe it the HSBC orchestrated the original ML investment.

Maybe HSBC have finally had enough and are forcing Traks hand.

I didn't suggest Morrisons were a well run business but im comparison to Trak their a well oiled machine ?

As with any business, improvements can always be made but for Trak (Joe), given their history of failure to think they have any right to publically tell Morrisons what to do......its utterly hilarious.

It would be like the blind leading the blind !

The ship has been sinking for years which is why the share price is where it is.

Don't let smoke and mirrors blind you as Trak are very good at that and Joe has learnt from the experts (Watkins).

As for Morrisons, cannot believe Trak (Joe) have the audacity to tell a multi billion turnover company how to run their business when they couldn't organise a pi** up in a brewery.

Feel sorry for Pi's but this was inevitable.

So many mistakes along the way..bad acquisitions, poor appointments at senior level, chasing low margin insurance when should have been focusing on higher margin fleet....the list is endless.

If anyone does take over Trak the first thing they need to do is sack the Watkins and all their yes men !!

I was sceptical about TW claims when he first called Trak out for their accounting practising, but you've got to give it to him as he's called it right all the way down to 5p so you can only assume he's right about 0p

Gremlins today on lse as it put my post up twice.

Mrs Watkins has been on the books for years. Managing HR / Recruitment etc so she's been very busy replacing all the people that have left, pushed out or been made redundant.

No idea about debt but the banks and ML will no doubt be wondering when their going to get their money back and if I remember correctly it was the bank who originally initiated ML 20% investment.

It's not just JW 's salary Trak are covering, its also his sons MW and his wife's so between them they are taking home in excess of £500k per year.

I think they'll just keep taking the money for as long as they can.

It's not just JW 's salary the business is covering, its also his sons and his wife's so between them they are taking home in excess of £500k per year.

Personally I think they'll just keep taking the money for as long as they possibly can.

Apologies typing on phone.

Meant to say, this BOD were not worth their salaries when the share price and revenue were much higher than today's price and certainly aren't worth their salaries today.

The Watkins are the downfall of this company which is such a shame as it was a great little company with huge potential.

Oh dear indeed.

I afew years ago the BOD were not worth their salaries when turn over w

MARS was always a long terms hold for me but I sold out last week on the back of the smoking ban news. Will possibly buy back in 'IF' we get further clarity but I have a feeling this government have a few more grenades to throw on the bonfire before that happens

Wells the stat say when the indoor smoking ban came in the rate of pub closures doubled from 0.65pc a year to 1.32pc and those that didn't close experienced a 15% decline in revenue.

Kate Nicholls, chief executive of UK Hospitality, said a ban could cause "serious economic harm to hospitality venues" as she cited the "significant" number of pub closures after smoking was banned indoors in 2007 in England, Wales and Northern Ireland, and 2006 in Scotland.

@Super not wanting to get involved in the tit for tat but if you think a smoking ban outdoors is going to increase pub trade you can think again.

As it did when smoking was banned inside pubs (stats speak for themselves), pubs will close & jobs will be lost.

Its going to get a lot worse under this government especially if you're a pensioner, hardworking and planning for your your families future.

I won't even go into the double standards of how KS handled the riots compared to the 8 stabbings, 3 deaths and 350 arrests last weekend.

I don't smoke but I do believe people should have the right to smoke outside if it doesn't affect others.

This government are out of control, they'll be banning alcohol and free speech next !

Something certainly seems to be a foot here and about time to.

All pubs were reviewed based on their performance over the past 5 years and worse performing pubs put up for sale.

I know for a fact some of the pubs up for sale were or had started to turn things around I.e. new management etc but as the performance was based over a 5 year period there up for sale.

Meant to say -

Sales are up, non performing pubs are being sold, strategy to reduce debt and assuming WW3 doesnt kick off I see Mars as a good recovery play.

'Keep topping up and hoping, but just remember the SP has been on a constant downward trend since March 2021 when at 130p'

With respect the share price wasnt £1.30 March 21, maybe 2020 and the reason for the decline in SP is due to fact pubs were shut , closely followed by russia / Ukraine war, increased overheads and looming fear of a recession.

Sales are up, non performing pubs are being sold, strategy ito reduce and assuming WW3 doesnt kick off I see Mars as a good recovery play.