Bought into this the other day on the back of the Zachs' research note and subsequent commentary and research. Does anyone here have an explanation for or an idea about why there are so many low volume / value trades here - i.e., 3 or 2 shares bought at a time - or 10?
Well they lost the business unit director in December I believe - but I think that chap was replaced, by Adam Gooch - sounds like business development managers would work under him, so either he's further building his team or he's replacing people who have moved onto what they believe are greener pastures. Could even be both of course.
Broadly, the constant turnover of staff worries me - but I don't know enough about the industry to know whether this is normal. I think I asked something about this before, so apologies if it's already been answered.
Interestingly, a new job advert appeared today for a 'product approval engineer' - in fact, all recent jobs are engineering / quality control type posts. Makes you wonder.
"Trakm8 is a market leader in the fast-growing vehicle telematics market sector. Based in Coleshill and other UK locations but with a global marketplace Trakm8 is well placed to take advantage of current market opportunities. Increased fuel costs, reduction in operating costs and numerous employment laws such as Duty of Care are all driving increased interest in our products and services. With our own on-site manufacturing facility, we can offer our customers the end-to-end service, from Production to Sale, and as such we now have an opening for an experienced Product Approvals Engineer to join our established Operations team here at our Head office in Coleshill on a full time, permanent basis."
I like the 'driving increased interest' bit.
Let's hope increasing demand for quality-controlled stock, rather than tech problems is the reason for the recruitment.
In terms of timing, I would expect it to be inline with previous years last week of April. What we got a short while ago, was a profit warning, so it was outside of the normal market update schedule, which I would expect them to stick to.
I suspect we'll get very little new information. Possibly some forward-looking guidance, but I wouldn't count on it. Now driving lessons have resumed, I'm hoping that an uptick in tests and new drivers hitting the road has an impact on our numbers. SB should also get a lift. Also hopeful that DVS has impacted positively on the business.
Depends if there's a big seller, in the background. Some people have clearly taken advantage of the rise today, to unload themselves of the burden of this share. I wouldn't get the beers out just yet...