Member Info for Pianista

A question was asked about the rationale for ML’s investment in "loss-making Trakm8". Nadeem Raza talked about “hardware manufacturing and other collaborations that we are doing”, but as to as to the future of the relationship, “no comment at this stage”.

Still below 30% - just. The time to make a bid would have been when Trak were crying out for funding. Having missed that boat, I think ML will be happy enough with having built up a decent stake on the cheap in a business which could even overtake them in terms of profitability.

Could be of interest to Trakkies.

Microlise have the option to convert their £1m loan to Trak shares at 17p odd in due course. I'm sure they're confident that the Trak SP will be way above that level when they do.

At 9.30am on Investor Meet Company platform (details in 20/3/23 RNS).

Yup, latest trade 15.9p, so moving back into the high teens. It's only a start - I need at least three times that...

KBYK - last time I looked, the AA had stopped offering SB to new members. It still supports existing members who already have it. It may relaunch it I suppose, once the cost of living crisis is behind us...

It’s coming together nicely: bit by bit, the company is laying the foundations for a game-changing performance in 23/24.

The SP is not reacting as one might expect, because the company is an “acquired taste”, but it’s worth hanging in there, because one day in the not-too-distant future the market will sit up and take notice.

After years of disappointment, the market just needs to be convinced by hard numbers. That’s why I still think we may have to wait till the autumn, and the results for the first half of 23/24, before reaping a decent reward for our seemingly endless patience.

Looks like a lot of holders are moving their CRU shares into ISAs today, which would explain the anomalous share price movement. Things should settle back down again in April.

It’s not asking much for the recent drift down from high teens to be reversed - especially as we are about to enter a “transformative year” for Trak in which the full benefit of the headcount reduction will come through.

I agree. We also need more than high teens!

We can breathe again! Let's see if the SP retraces to high teens...

The announcement – though of uncertain import - is reassuring because it means they aren’t about to issue a PW (unless they get a kick out of playing mind games…).

The absence of any update is frustrating - I'd like to think they are too busy to worry about the current SP - but I agree that they "simply must have hit guidance". If so, following an eerie silence on the share dealing front, the SP is set to explode (yet again). This time, it should hold....depending on what Allenby have to say about 23/24.

"He didn’t buy when it was 80p, so that’s a pipe dream I’m afraid".

You're ignoring the fact that at 80p, his room for manoeuvre was restricted by his 30/3/22 purchase at 237p.
In a week’s time, that purchase becomes totally irrelevant, i.e. he’ll be free to offer less than 237p.
If we see 80p again, he'll be offering much less than 237p - more like 100p.

Even if it doesn't drop further, the danger is a full bid by billionaire RDH for a song, leaving PIs high and dry.

If this really is crazy cheap, he'd be crazy not to.

Just returned from holiday to find the SP back at nearly rock bottom again. That could all change next week with the right RNSs. Fingers crossed....

I don’t know, but I’m glad I got out at 350p. However, I don’t claim any particular skill for having done that. It’s just that I felt the company were profoundly wrong to suck up to the government and impose medical apartheid (compulsory vaccination). However, in retrospect they did me a favour.

It should be obvious to them by now that the government were only interested in scaring the s**t out of people. However, I believe they are still operating medical apartheid, even now, years down the line. They’re not helping themselves, are they?

To be honest, this is not telling us very much: after a prolonged ban on cruising, you're bound to get record breaking demand - for a limited time.

What is more relevant is, once this pent up demand is satisfied, what will be the new level of SUSTAINABLE demand. The market appears to be bracing itself for bad news on that front.

Someone moving shares into an ISA? (taking advantage of depressed SP).

I suppose the market is now waiting to see what, if anything, the interim results on 27/2 will reveal on this issue.

They may well include a provision for the costs of settling/disposing of the Tuffnell's claim, but I doubt if it would be material enough to show up.

So if the interim results are very good, the SP may well resume its journey up through the low 30s, despite the continuing drag on the SP due to this pending litigation, which could take many months to resolve.

But after last year, DX holders are well-used to being kept waiting...