Member Info for justaquickone

As I understand it every JCB that comes off the production line has a Microlise unit fitted as standard.

On that basis this contract is not only a renewal on existing hardware but also a continuation of their partnership meaning a lot more more hardware sales & SAAS.

Quick google and in 2018 JCB were manufacturing 500 machines a day !

I believe the difference is the market have lost confidence in Trak where as Microlise have been growing organically year on year.

Surprisingly Barclays

Managed to buy a few myself this morning

I think it would be good for both businesses.

When you look at the competition their minnows in comparison.

Tom Tom - Bridgestone
Masternaut - Michelin
Visontrak - Market Study
Geo-Tab
Verizon
Samara

These are the companies Trak and ML are up against so combining their efforts makes total sense

Interesting valuation

Turnover 50 million and making a profit, though be it not huge but its a profit.

QTX are obviously doing something right considering their revenue and overall profit

I'd take 30p, 40p would be a bonus.

Interesting talk from Raza about the float https://www.proactiveinvestors.co.uk/PRIVATE-UK:MCL/Microlise-Group-Ltd/

I'm not convinced Microlise & Trakm8 want to work together.

I think the RNS was a way of Watkins putting a positive spin on what must have been a huge body blow to his ego having sold part of the business to a ML.

As I now see it ML bailed Trak out of a hole, orchestrated by the banks on the basis Trak would continue to trade and worst case ML get Trak on the cheap.

Trak on the other hand unwillingly took ML's money (best option on the table) and thought they could turn things round?

Either way its a Win win situation for ML.

Do I think ML will acquire Trak? Yes.....but not sure it will be at a price us PI's want to see.

Be interesting to see what happens over the coming days & weeks.

https://www.tech-capital.com/companies/news/955339/microlise-group-hauls-in-62mln-ahead-of-aim-float-955339.html

Seems Raza has held on to his shares as well so must be optimistic.

I touched on this last week.

Look back over the last 5 years.

Revenue down from £25m to £16m
Share Price down £2.30 to 16p

Yet MW's salary almost doubled and and for all JW's hard work and contribution towards the share price, he decided to award himself a £73k increase.

Great work if you can get it.

If anything MW dug the hole their in.

5 Years ago the group was turning over £25million and MW's salary was £80k, today the business turns over £16million and MW's salary is £145k.

It begs believe how Watkins has got away with it for so long.

Considering the share price has gone from £4.00 - 0.15p, anyone else would have been sacked years ago.

What is concerning is how much consolidation there's been in this market over the past 2 years and yet no interest in Trak.

Can't see any positives in JF leaving, especially given the number of shares and options he has.

Hostile takeover is what this company needs

Your absolutely right but this is what I'm led to believe and its apparnetly quite common for Trak to do this ?

https://www.cesuk.com/news/3-5-million-investment-in-gsf-van-fleet-gets-underway/

Maybe beacuse it wasn't a great deal.....if you go back 4-5 years ago when the share price was £2+ Trak always mentioned the monitory value of contracts but stopped doing this as the share price slumped. Only two reasons I can see for doing this -

1) They dont want to give commercially sensitive information to competitors anymore
2) Recent deals aren't as lucrative as they would like the market to think

Given the last few years trading I'd think its most likely the latter.

Loose tongues....most of which seem to reside over on another forum but I have confirmed myself CES were already an existing Road hawk customer so I have no reason to doubt other aspects of the deal. Its does beg the qustion as to why Trak are claiming its a new customer contract win as this is clearly misleading .

Apologies meant CES UK not ECP

Smoke and Mirrors as usual with Trak claiming an existing customer is a New Client. ECP have been a long standing Roadhawk DC2 customer for many years (circa 1000 vehicles) and this is simply an uypgrade with Trak purchasing back all existing hardware and offsetting it against new. Not as lucrative a deal as one might think.