Member Info for justaquickone

Not long to go.

They suugested their best people working on a resolution so any glimmer of issues being resolved should see the SP start to recover.

Wasn't intentionally misleading anyone DC just got mixed up with the extension and the term... whoop !

Keep wearing those Trak supplied rose tinted glasses and I'm sure it will all turn out well for you

Good to see a solid blue day for a change and back above £1.30.

'Which contract are you referring to? Assuming the Sainsbury's contract was signed today then I read it as 21 months, plus a 12 month option to extend.'

Yes the original contract ends July 23 so it must be a 17 month contract.

That is unless this contract supersedes the old contract which would mean 21 months ??

Cannot see a 12 month contract renewal pushing this into the high teens but positive news all the same.

Only time will tell.

Interestingly, I googled Howden Driving Data and their MD is TRAKS ex-sales director.

Any chance he's still a share holder ?

What else would you call a contract with no commitment or monitory value ?

'The global telematics and data insight provider is pleased to announce that the company has been awarded a new contract with Howden Driving Data' with no guaranteed and / or minimum value ?

Sheer desperation

Good find and sums Trak upto a Tee.

Hopefully the mass redundancies to reduce cost with the intention of returning to profitability will blind side some inveaters into thinking this is a decent well run company.

Reality is 119 employees supporting 300k+ connections isn't sustainable.

Thanks Mac

As you say definitely afew surprises amongst those up for sale.

Mac, where did you find the list of pubs being sold off.

Cant find anything on the net ?

I agree sales have been underperforming for years however, I would also put this down too the constant churn of staff and change in strategies.

In my view the recent bout of redundancies has spooked other employees who clearly know alot more than you or I.

https://fleetworld.co.uk/targa-telematics-appoints-chris-horbowyj-as-uk-sales-director/

Seems several senior sales people have all left Trak over the last few weeks.

I applaud everyone on this board for you're optimism but I can only see this going one way.

With recent redundancies and number of employees leaving Trak on their own accord I have serious doubts Trak will be able to maintain current revenues let alone growth.

The share awards are meaningless as Trak have been dishing them out for years and yet the share price continues to drop.

Last ditch attempt by JW in my eyes

Less revenue, higher losses and more debt.

Great work JW

Buyout Prediction =10p

Had an overnight stay in Bala, Wales recently and speaking to the locals it seems Marstons are closing down their establishment on the high street.

Probably a good move as they also have a Brains establishment on the same high street which is also a hotel offering very good food.

I struggle to see how Allenby can increase their target based on forecasts.

If you listen to Trak and their forecasts they should have had 1 million connections by now ?

It's only good value if he acquires it at a premium to today's price.

So far he's managed to acquire a 30% in the business with no benefit to PI's other than keeping the lights on.

Im not sure buying 30% stake in a business is indecision.

Way I see it is Raza can buy the entire business at a premium or continue to build a larger stake at a reduced premium over a period of period of time.

The latter makes good business sense

Not sure if it simply arrogance on JW's part or if he's simply done his maths.

He's put 400k and with the help of Microlise may but them another 3 years or so.

Last time I looked JW was on £250k+ per annum , MW £150k+ then JW's wife, so £400k investment for a potential return of 1.2+ million over the next 3 years doesn't seem a bad return.