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Great news to finally Great news to finally see a new contract but no news regarding numbers which is frustrating as we have no idea what value this contract add to the business ?
Epsom - How do you know Trak have lost Scottish Power ?
Not going to post links as they are posts by employees who have been made redundant but looks like Account Managers !
Posts on Linked in today suggested some redundancies were taking place at Trak ?
Director Selling Shares might have spooked the market !
All being well when VAT increases we'll be back to normal trading conditions and so is the SP.
Popped in my local again last night and only one table free, lots of locals in, book club in full force, Christmas decorations up !
Positive update next week and we can get this SP back on the road !
On the topic of questions for JW, i'd be interested in knowing how the partnership with the AA and Car genie is progressing.
There was a lot riding on this at one point with tv marketing campaigns, upscaling of production facilities, regualar updates in trading statements and now radio silence ?
If this goes sub 70p I'll be buying more.
I see nothing to suggest a restricted Christmas is going to happen. Yes, cases were always going to go up over winter but the key metric is the number of hospital admissions which has remained consistent since July.
My local Marstons is thriving, put a couple of pence on a pint recently though but as a share holder this doesn't bother me as this time next year Rodders we'll be millionaires !
I'm still on the fence as to where this is going.
Arden and Trak are clearly trying to bolster confidence in the market by raising the price target to £0.56, confirming a return to profitability and significant improvement in revenue.
All sounds very good but I have some concerns -
Increase in revenue - Its very easy to put a positive spin on this when your comparing H1 21 results to a period the country was in full lock down.
Return to profitability - How much did the government led schemes i.e. furlough and the delay payments to revenue authorities (£0.7m) aid this?
Increase in connections - 1000 units. I expected more !
The more I read yesterdays results the more question's they raise.
''Due to the high level of new contract wins across the business and reduced rates of attrition in Fleet, the number of connections have increased overall by 0.8% in the past 12 months and by 0.4% in past 6 months. The number of devices sold has increased by 30% to 64,000''
Yet fleet connections over the past 6 months remain static at 70k and non fleet increased to 185k (184k H1 2020).
If attrition rates are reduced and orders are up where have the other 63000 connections gone ?
This part made me laugh.
''Our primary strategy going forward is the growth of our business through more connections, increased device sales and higher service fees.''
Seems the penny has finally dropped !
PW was Head of Sales from around 2008 to circa 2015 which seems to coincide with MW being MD.
Didn't expect PM to be stepping down so soon..... Any thoughts ?
In fairness, Paul Wilson was at the helm during a period of significant growth so this alone can only be seen as a positive.
Not sure where the share price is going today, £18m rev for the full year is still lower than pre-pandemic levels and 1000 new connections in 6 months despite testing backlogs is far from good .
That said profit is profit and if PW can organise the sales side out you'd like to think growth will follow.
Good luck all
The ship has steadied and costs are under control however, the recent increase in share prices seems more based on speculation of a TO and association with Microlise than Trak's doing so.
I'm still of the opinion unless something changes at board level nothing much is going to happen here.
Next update should provide some insight 'excuse the pun' on growth but if there isn't any sub 20p could be on its way.
I'd be very surprised if the next update provides anything more than the usual more 'Jam tomorrow'.
Hope I'm wrong but they have plenty of form.
I notice last year a trading update was provided on the 15th October. Assume one must be due soon ?
It was more tongue and cheek Knowbody
Take a chill pill !
Mansfield is on £140k a year, if he needs my feedback I'm in the wrong job !
Absolutely.
As you say maybe the footage has been edited to blur out vehicles but I can't imagine they would do this at the risk of portraying it as poor quality.
There's one with a white van running a red light which is particular bad. Not saying I'm an expert but it doesn't look like the infrared red copes very well with low light conditions or direct sunlight.
As you say if they are going to market this across their social network channels the least they could do is select better quality footage.
Yes, I've seen a few of these on linked in.
Don't mean to be negative but the quality of some of the footage is poor.
Insurers wouldn't touch this camera based on the clips I've seen as unless you can clearly make out a number plate its useless and looking at some of the footage I'm struggling to make out the vehicle types never mind registration plates.
This led me to take a look at the data sheet it does say 1080p (which surprises me given the quality of footage) but in dash cam terms this is already old tech as most camera's out their are using 1080pHD or IPC camera's.
Well I'm in for a few more. I think the market is nervous due to Covid but the share price was over £1 only a few months ago we're come on a lot from then.
I personally cannot see another lock down / further restrictions taking placed and given yesterdays news this looks primed.
Hopefully we'll see a reversal in trend over coming weeks.