Member Info for Pianista

"Trakm8 Holdings concerned about effect of Ukraine war" is, predictably, the headline on MarketWatch - i.e. the main takeaway from the update for a stock market which struggles to understand the company at the best of times.

The update was going so well.....and then: "We continue to be concerned about the impact on costs and business sentiment due to the ongoing war in Ukraine." "Continue" to be concerned? Maybe I missed it, but I don't recall them ever expressing concern in the first place!

Unfortunately, the market may interpret this as "getting in their excuses upfront", in which case the SP may continue to tread water until the publication of final results around the end of June. In the meantime, let's see what , if anything, Allenby have to say.

As we're probably only days away from an important update, which is likely to be very positive (for a change!), I'd be surprised if it drifted down much further. It's 18.66p to buy 20k at the moment.

"TUI adding 1.1m extra routes" (for 2024) is a bit of a gamble given the macroeconomic uncertainties. Mind you, it's only an increase of about 5%.

I'm not in buying mode - I'm already overweight in Trak. I did my last buy at 14p I think.

They're not giving quotes for 50,000, but it's 19.96p for 30,000.

"Nice trade to end the day so you now have to pay over 20p"

You still have to pay a smidgen under 20p. It's unlikely to move much until the next big update, which could even be next week (last year it was on 26 April).

Right now, the dominant factor in the travel industry is pent-up demand. When that subsides, there will be no protection from the effects of the looming recession - to say nothing of the ever-present threat of wars, pandemics, natural disasters, increasing tourist taxes....the list goes on.

No wonder - apart from the rampers on this board - investors remain cautious.

KBYK - today is just the beginning - there’s much more to come hopefully over the next few months. I’ll be happy if the mid-price holds today above 20p.

There's no stopping it. It's now 20.7p to buy 20k on Barclays.

It's going crazy. 10k bought for 20p just now. Impossible to buy on Barclays.

To be honest, it is faintly ridiculous to sign posts on an anonymous board, when your username is already shown on the left.

Uncharacteristically bullish RNS. This should reverse the recent SP decline and see it back in the 2's.

...to buy 20,000.

20p not far off....

ports – yeah, still around, still a holder. Just away a lot these days. Mind you, at the moment, following DX is like watching paint dry, but this could change all of a sudden for good or ill, without warning, as it is wont to do, especially on AIM. For example, it would be interesting to see what Lloyd does next, i.e. his strategy for extracting the maximum from his considerable investment in DX. He can’t sell them all in one go, clearly - the only way he could do that would be through a takeover, which would no doubt suit him - to say nothing of others - especially if paper-for-paper. In the meantime, even if he doesn’t need to, he may want to liquidate at least part of his holding. The problem is, any material sale by him will hit the SP, at least in the short term, and hence hit the value of the balance of his holding by possibly even more than the amount realised! Moreover, it would be unfortunate for the current directors - but not for PIs - if he did this just when the SP was about to be tested for share scheme purposes…

I think at the moment it's just taking time for the company to regain the trust it lost during its year-long share suspension. Mind you, even before the suspension, the market was loathe to give the company the benefit of the doubt.

Gatemore will be fuming: as far as they're concerned, the SP should ALREADY be well north of 40p!

As long as the company meets market expectations this year, 40p is almost a foregone conclusion.

From the last trading update RNS:

"Halfords is today announcing a Capital Markets Day on 30 March 2023.

Graham Stapleton and members of the senior management team will present the Group’s vision alongside the strategic and financial ambition over the next phase of its transformation. The event will showcase the planned evolution of our Services and B2B business, our loyalty platform and Avayler, and how the Group operating margin will evolve over the medium to long term through continued investment in high margin, high returning initiatives. The day will be a mix of presentations as well as physical site tours."

Their website now shows this as taking place on 18 April 2023.

Presumably the presentations will be available on the website for all to see.

From the recording:

Q: Can you explain the business rationale for your investment in Trakm8 and your long-term ambitions for what does not seem to be a very profitable investment?

A: I can’t talk too much about Trakm8, because I’m a non-exec on that board as well, but the key things to point out are that, although people often think we are competitors we’re not, we actually operate in different markets, and there are synergies and benefits that we can see both from the hardware manufacturing and also other collaborations that we are doing that are of benefit to both companies.

What happens longer term, you’ll just have to see what happens on that, it’s not something I can comment on at this point in time.

Actually, on reflection I think my original paraphrase was fairly accurate!

Re dilution, if by that time the SP has recovered to, say, 50p+, that wouldn’t be a major concern for LTHs.

KBYK - I wouldn’t read too much into “at this stage”. Unfortunately I was distracted when the question was asked, so I’ve had to paraphrase his response from the impression I got from limited amount I heard. I will listen back later when the recording is available.