Member Info for LTbeliever

U r right, Etot, tnx for pointing out; hopefully, he/she knows something and was not just speculating :))))

MM absorbed 4.6mln SELL w/o killing the rise off - impressive! Well, the FDA has been approving stuff almost daily, even during the holidays, so there is always the possibility of the orphan designation hitting the FDA website at any time; only unknown is what heads-up (time wise) will Dan/NFX get from the FDA.

Seems they left for the day in Israel and forgot the post-AGM RNS :))))

A Happy New Year to all holders!

Yes, rock bottom SP in 2025, taking off in 2026! GLA, Best Wishes for the New Year.

I guess we'll know in an hour or so, when the AGM statement is issued; but, still good things to come in Q1 IMO.

Happy New Year everyone!

Thanks Nig1954;

IMO, connection to Ewave Group (1000 employees), owned by publicly listed Comp. Direct Group ($500mln cap) is a plus for T42 ; https://pitchbook.com/profiles/company/165527-20#overview

It may be a 3rd party but it's a debtor, client and reliant on T42's tech/services so it has a vested interest in T42 doing well enough to keep growing and repaying its debt. The August RNS also stated that "The order reflects only part of the growth in demand expected from Contguard, whose operational performance has led to a marked increase in order volumes", implying more orders in 2026 and beyond, IMO.

@Nig1954,

Thanks for your post, I agree with it except this comment "t42 doesn't hold surplus cash so its scope is limited..."; Co raised cash in 2023 (1mln+ in GBP), took 2 years to burn through, then raised again almost 1 year ago (262k) - IMO, this indicates that cash burn has dwindled, 2023-2024 were the difficult transition years and as Aug 2025 RNSs showed, the cash situation is now stable and improving, given that:

1. Both CLoans extended to eo2027;

2. One is being repaid in full by then, in payments of 25-75k per month (as per Notes in last Interims), showing repayment capacity, hence positive cash flow;

3. Contguard paying the Co in advance of orders, hence a CFlow of 2.5mln between Sept2025-Dec2026 - IMO, this is the game changer re Cash Flow requirements (i.e. surplus);

All the Market needs now is the 2025 Trading Update, to show - IMO - a Net Profit and positive CFlow. DYOR & GLA!

Speculation??

SP7, any link pls?

the numbers (next Q) and the news (in 2 days??) will do the "talking", although if new investors join the ride, we will all benefit.

JF92, what do u mean 500k debt to be w/off? It's intra-group debt, owed to Gordon; I think it'll just be split between Adien and TED, and the 1ml cash will be again split between the 2 so that they have sufficient W/Cap for expansion.

Low volumes make the SP susceptible to small sells, whereas buyers are put off by the huge spread; still, FWIW, buying at this SP on a 2-3 year horizon is a no-brainer IMO, as the upside is much more than any downside. GLA, and best Wishes for the New Year.

Seems like the MM is a bit edgy? Volumes don't justify this big rise, maybe the MM knows something is on in 2 days? Just speculating...DYOR

After a horrid 2025, but with steady improvements, IMO 2026 is shaping up to be a great year for TRAC; irrespective of what could be announced (or more probably NOT) at the AGM in 2 days, the progress since August should feed through to the SP in H1 2026; we had 4mln REV in 2024, heading for 5mln in 2025 and a small Profit thanks to the August Contguard agreement, with more to come in 2026; looking at 7-8mln REV in 2026 (just adding the 2mln from Contg.), with higher margins as SaaS mix of sales increases Vs the lower margin Hardware; another positive signal is the 500-600k+ of the CLoan repayments (cap+int) due to be repaid in 2026 (implying IMO that the Co expects additional - to 2025 - Sales of at least 1.5mln, so the extra cashflow will go towards repayments).

GLA, just a few weeks left to a March trading update re 2025. And a Happy New year!

Re website, there was some sort of update in September; I know because I was checking, it was "ancient history", then they added the Team, the products to buy, how to buy etc; now it's just "medieval history" :)

Re placing, yes, this will continue to be a worry until the AFS are released, as the report - by definition - needs to include a "going concern" statement i.e. explaining how cash will suffice 12m hence. But as Hchris said, it'd be for a small amount Vs the Mkt cap so, easily raised and minor, dilution-wise; once the AFS and no (or, a) placing are out of the way there'd be nothing left to hold the SP back - IMO.

Signaling is also important; the Market will probably take a closer look at the whole business (what's left) and recognise the potential of Adien and TED; TED is now selling equipment globally, thanks to Unirail's reach. Yes, there is a lot of debt owed to the Main Shareholder but 1-2 profitable years will start making a big dent to the debt amount. It's a waiting game now IMO.

Disappointing that the (probably?) same auditors messed up gain, 2 times in a row; but, rest of update is positive and IMO creates a buying opportunity; barring a placing, which is still unlikely in my opinion as cash receipts from operations are not far off, and the suspension of 4-6 weeks (based on past record) the SP has more upside than downside. GLA and best Wishes for Xmas - plus, 2026 will be a great year for IRON investors :)

3.25p now paid. Yes Laura, plenty of opportunities for patient PIs.

Utsi bought in 2021 for 600k in cash + a few shares; now sold at +2x Sales, meaning that the rest of PIP, with Revenues of +4mln for current year should be worth? 7-8mln?? Extremely undervalued - this sale will wake the market up, hopefully, to the great potential of PIP.

Best Xmas Wishes to all!

Spending/investing a lot in business development and improving production workflows, which are bound to increase both Sales and margins in 2026.

Absolute bottom IMO.

Clarification - "Each warrant entitles the holder to subscribe for one additional Ordinary Share at an exercise price of 1.5p (representing a 100% premium to the Placing Price), exercisable for a period of 2 years from the date of Admission (the "Investor Warrants")."

So, SP has to double by Xmas 2027, for Warrants to be exercisable; so the SP must go over and stay at well over 1.5p for Warrants to be worth exercising - the other "plus" is, if the SP is say 2p in 2 years i.e. a mkt cap of 8.8mln (442 mln shares), the Co will receive 2mln cash (133mln @1.5) against a further dilution of "just" 23% (133/575 mln shares).

In any case, if the SP goes to 2p in 2 years that'd make a 200% return on the current SP. Conclusion - the damage to current holders is NOW, we will just have to swallow the bitter pill today.

GLA, not the Xmas gift I was expecting from MET but do enjoy the Xmas Holidays!