Member Info for NickE

Factually incorrect. The Presidential Decree makes the link irrelevant. Anyone with the slightest bit of integrity would acknowledge that and apologise for a link that is irrelevant and posted to mislead. It's higher poor research or deliberately posted to mislead. If you don't understand what a presidential decree means (it's unappealable/irrevocable) then it's futile trying to clarify a straightforward fact.

Whether someone has updated a link that has been superseded by the Presidential Decree is irrelevant. Anyone with the slightest bit of integrity would acknowledge that and apologise for knowingly or otherwise attempting to mislead.

The fact that you cannot acknowledge the validity of a straightforward fact flags up that you have only posted with a desire to mislead other investors. Quite shameful but sadly not uncommon these days on anonymous internet forums.

Even more damning, it's not even 2019, it's an irrelevant and outdated 2014 article that has been superseded by the irreversible Presidential Decree.

This is an irrelevant link as the irreversible Presidential Decree giving full planning permission followed. It's disappointing to see individuals post links that mislead investors. If the poster was so intent on researching he would surely have found the mass of references to the Presidential Decree which anyone who has done the most basic of research is irreversible. MIN is on course for a breakthrough year in 2023 and it's telling there are a lot of negative and misleading posts . It's sad that some people have no scruples in order to try and damage sentiment with misleading information. Presumably it's with a desire to buy in. Each to their own but it won't impact on the fact that Minoan is set to do very well in 2023.

For balance, the drop should also be seen in the context that the AIM all-share has dropped by 30% over recent months and tech stocks, in particular, have been hit. That said, TRAC hasn't helped matters with their radio silence. They used to be regular Twitter contributors under the Starcom name but even that has gone silent.

I sold at higher levels - quite a way off the peak - a couple of months ago as I wasn't happy with the extended silence and partial rebranding. I also began to question whether the director resignation of Avi Engel was a coincidence rather than him being unhappy with a pr plan to hype without delivering substance. He was the one director who had walked the walk with Pilat Technologies and delivered great returns for shareholders.

TRAC / Starcom seem to be perpetual 'nearly men'. They produce great products such as Lokies that the likes of DHL are so impressed with, but material sales and returns from excellent products, contracts and contacts that sound impressive always seem elusive.

If they give a positive trading update and sort out the borrowings with funding from a higher share price base then the investor returns will be impressive. For me, however, the absence of updates, the outstanding loans including the breach, the mystery distributors, the respected director departure and the legacy Starcom website failing to be rebranded are too many red flags for me.

I don't like the risk/reward balance at present but a positive trading update changes everything and then those like myself will probably regret selling. It's certainly the type of lowly market cap, illiquid share that can double on decent news. So good luck to those brave enough to stay in given the extended silence from the Company and borrowings that need addressing. I assume riddler sold out or perhaps he just no longer posts on here.

Latest score: Minoan 1.3p Arsenil 0

Still all to play for? Not really. Looks game over as Arsenal just can't shoot on target and are prone to own goals. Minoan's new Greek signing has come on and is already showing his value. He's already set-up centre forward Big Wil for his hat-trick. Minoan playing at home in Greece with the influential Greek crowd right behind them. Greece giving vouchers to encourage ticket sales and season tickets likely to be extended to 99 years.

Predicted score after the home leg in a couple of months' time: Minoan 6 p Arsenal nil with a points deduction for foul play for Arsenal.

Minoan's squad assets are valued at £47m by experts but the transfer market is on the rise in Greece and agents are finally likely to release a potentially significant higher valuation. Pundits reckon that Middle East and global interest in a takeover of the Club at a significant premium looks highly likely this year.

"We have succeeded in securing additional supplies of microchips which should enable a very strong performance in 2022 with an expected return to positive EBITDA and further growth in succeeding years."

That's a very bullish outlook for the year and the market tends to look forwards. There should be a significant valuation uplift as and when:-

1) Confirmation that the new distributor contracts are reaping rewards.

2) Further and more significant orders come in from DHL

3) Additional contracts/distributorships in the smart container sector are announced for territories such as the Far East and Europe.

News in line with 1) & 2) in particular would be transformational for the current valuation. That's what I am holding for and expectant of.

Terrific post HM, I also like to make contact with management and do so on some other shares but haven't with TRAC. Many thanks for sharing. I'll copy your post to the other board 'across the road' if you don't mind. I agree, the reply is a very strong indication that there are going to be some significant updates on DHL. No small-cap is without risk, but TRAC is a good a contender as any for being the small-cap share of the year. It might not even be a small-cap in a couple of years time if even half of the top end projections are realised. If a further contract with DHL is thrown into the mis then some might even say t42 is on trac to be a star performer!

I am sure t42 would meet the international standards rating for all their products including Lockies now, interestingly, named Smart Lock.

For Uri Hartman's linked-in talking about the Company's software and hardware products: " the only system in the world to include all the certifications for all the leading and important standards in the world."

It might be wishful thinking, but I wonder if they have renamed Lockies 'Smart Lock' because it is quite generic and therefore a suitable non branded name for integration with larger companies (such as DHL) offerings.

Interesting projected figures. Were TRAC to get anywhere close to that $10m SaaS revenues per annum then the Company should attract a 15 x SaaS revenues multiple for its sector. That's the median for U.S listed SaaS companies over a certain revenue amount and I think $10n is cited, That equates to $150m m/cap or £111m . Allowing for a little dilution that would be about 200p a share.

"As of June 30, the median valuation multiple for public B2B SaaS companies in the SCI remains near the middle of that range at 15.5x ARR. " https://www.saas-capital.com/blog-posts/private-saas-company-valuations-q2-2021-update/

Notes: this s for publicly listed companies in the U.S. and some attract much higher multiples and a case could be made that were TRAC to reach $10m SaaS revenues the growth would be exponential and should therefore attract a higher multiple than the median. I couldn't find figures for the UK but probably the U.S. companies get U.S. listed tech companies do tend to get assigned higher valuations but, regardless, TRAC should get a very substantive re-rating over the coming year or so.

If TRAC wins another contract that is of the same magnitude and continues to indicate more are under negotiation, then I predict this will justify a minimum £50m m/cap or around 100p a share. We know the profit margins are good and, crucially, it's recurring SaaS revenue as well. We also know they have flagged up further potential contracts in both Latin America and the U.S. Exciting times for shareholders.

Nothing is certain and there can be unforeseen hiccups but, if one or two more contracts of the same level come in, then I do believe TRAC will hit 100p a share next year based on exponential growth and extrapolated fundamentals. They may even become a takeover target, but my hope is they can progress and grow over time as this really could become one of the more memorable and highly rewarding AIM success stories.

The valuation as this Latin American contract progresses and other contracts are signed could be more than interesting.

SaaS companies have quite a defined means of valuation. This link looks at valuations from a buyers perspective. If a company has hit £10m annual recurring revenues (ARR) then the valuation ranges tend to be 10/15 x ARR.

Apologies if it sounds a bit 'rampy' but I think it's a reasonable and logical conclusion that the; numbers t42 are looking at, just from this single contract,I s going to mean a valuation that is multiples of the current m/cap. This link suggests a multiple of 10 to 15 ARR (annual recurring revenues) should be applied to a company bringing in SaaS revenues in excess of £10m

https://www.kalungi.com/blog/saas-valuations

The market may want to see those revenues delivered before a full re-rating is given but there should be plenty more upside to factor prior to formal revenue recognition and the prospect of more contracts significant to come. All being well, another year hold or so could see a multiple of the current valuation. Ultimately I can see the Company being sold for £100m plus.

I'm not sure ARM was the best example of poor leadership or a UK company failing to reach its potential as it was sold for $40 billion. I'd be happy with 100th of that with KMK. I'm normally a long-term holder of small caps but, because I am not convinced by the management here, I just trade its range. It's due some updates and there's a chance of a decent move up from these levels.

It could be so much more and if half of what the analyst Paul Hill suggests comes to fruition then there will be a substantial re-rating. For now though KMK need to start delivering . An update on the bio-terrorism detector project would be a good start.

The share price drop is an odd anomaly. I wouldn't bet against one or two holders not doing the sums correctly for the shareholder consolidation and selling based on a miscalculation. It sounds a bit patronising but I would never rule out basic stupidity.

The leading brokers such as iii and HL are not allowing trading in STAR and hopefully once the share price will correct to and beyond pre-consolidation levels. I do think the advisors have been remiss in not ensuring that investors are aware of the precise timescales for STAR to become TRAC and tradable across all platforms.

I think this share price weakness is just a temporary technical blip and once TRAC is tradable the anomaly will be corrected. There is a lot to look forward to here . STAR has aways looked under-valued against peers and now that TRAC will be firmly pitched in the IOT and SAAS tech sectors, then that under-value is likely be snapped up by savvy small cap investors. Contract news should help as well!

It's a 2016 article with Starcom and Maersk mentioned but not necessarily linked. It does show, however, how long Starcom have been preparing for this transformation in shipping containers.

https://www.thefreelibrary.com/Thinking+inside+the+box-a0452586255

A couple of stats that stood out and which smart containers / Starcom products can address included:

Around $50 billion in goods are stolen each year from various points along the supply chain.

Fluctuations in temperature mean that large quantities of pharmaceuticals, and around 25% of perishable food products, in shipping containers are damaged each year.

Couple more links:-

https://www.imbema.com/en/transport-and-logistics/container-42-sbs-container-lock-helps-with-digital-transformation/

https://www.xyht.com/spatial-itgis/container-42-so-smart-it-knows-all-the-answers/

Looks like it was a two year journey / trial for data collection commencing in May 2019 so quite possibly it’s ready for ‘launch’ now.

"The hyper-smart Container 42 will be leaving the port of Rotterdam today for the first leg of a two-year data-collecting"

https://www.portofrotterdam.com/en/news-and-press-releases/rotterdam-sends-hyper-smart-container-trip-around-world

Further coverage of this very clever container:-

https://www.shippingandfreightresource.com/container-42-smartest-container-on-the-planet/

There are two possibilities:- Either Starcom management are complete nutters for randomly naming the Company t42 IOT Tracking Solutions plc or, alternatively, they are getting involved with Intel, Cisco and IBM for what could / should be transformational shipping container business.

I hope and believe it's the second of the two possibilities.

A bit of digging reveals some exciting prospects:-

It's worth noting this link on the former cement works / quarry in Weardale which was previously planned to be a green energy village.

hTTps://www.thenorthernecho.co.uk/news/15470612.owner-working-solution-weardale-cement-works-site-believes-eco-village-never-likely-happen/

The largest shareholder in Weardale Lithium, Mark Tellwright, happens to own this quarry works and surrounding land. See link below.

hTTps://suite.endole.co.uk/insight/company/09466908-weardale-quarry-limited?page=people-contacts

I suspect after the £100m green energy / eco village plans around the former quarry didn't materialise for the local community that there will be plenty of grants available for WLL to accelerate sourcing lithium as a resource to supply green energy to the nearby car / battery plants. Here's the link for the previous plans for the cement works.

hTTps://www.thenorthernecho.co.uk/news/15461279.15-years-millions-spent-nothing-show---frustration-weardale-marks-15th-anniversary-cement-works-closure/

It also looks like Dr David Manning, with funds from Newcastle University, has been involved in exploration in Weardale way back in 2004.

hTTps://jgs.lyellcollection.org/content/164/2/371

It looks like WLL and of course MAC with their 8.7% holding are sitting on an exploration area that was going to be a £100m green energy site.

Yes, it's inevitable that there would be profit takers and traders bringing the over-stretched rsi down a bit. Also, I've never seen a placing where at least some participants didn't take there 10% and move on. That said, the cumulative volume since the placing suggests most, if not all, will have exited now. I'd also suggest by the small number of posts on this board and its competitor that the bullish story unfolding isn't widely known. Either that or investors are cautious and awaiting contracts even if they have to pay a substantive premium for that certainty.

As several others have pointed out the thing that will drive the share price will be contracts, revenues, partners , patents, product innovation and last but not least profits. Share consolidation is fairly irrelevant other than it presents a break from the Starcom era and represents a new start - almost creating the excitement of an IPO if, as I expect, contract news accompanies it.

If I could be bothered to do a extensive research (which I can't) I suspect I would find as many shares priced at 10p going to 100p as 1.5p priced stocks going to 15p. I've no wish to be too harsh on the poster, but the series of posts qualify for Private Eye's 'Great Bores of Today' column . They are just an irrelevance and distract from the fact that t42 are seemingly on the cusp of achieving several transformational contracts. Now that's what will genuinely impact on the share price / market cap.

Whether Lokies will be one of the initial substantive contract remains to be seen but from the chairman's results statement on August 27th the trial to "ascertain Lokies's fit for DHL's monitoring of its fleets operation, is expected to be completed in the next couple of months." So the timing would fit for this month.

Regardless, I hope and expect that the timing for the name change GM on the Nov 19th is likely to coincide with contract news or follow news. They will want to launch the new name/branding with some positive vibes and, also, I don't think they would announce such a quirky name (t42) without being able to talk to the press etc about the reasoning behind it once the change is voted through. As discussed on here it looks almost nailed on to relate to the exciting Container 42 project.

The Aug 27th statement gives some context to the later announcements highlighting the prospect of contracts:-

"Marketing and business development efforts continued, and the pipeline of potential future deals is now at an all time high, although timing of conversions into revenues is still uncertain with some of these prospects. In particular, there has been increased interest and sales of our Lokies product from several sources.

Further to the previous announcement regarding the cooperation with DHL, we can now update that DHL's proof of concept ("POC"), intended to ascertain Lokies's fit for DHL's monitoring of its fleets operation, is expected to be completed in the next couple of months."