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"Trakm8 is on course to breakeven this year...and if the company can achieve the forecast profit for 2022-23 then it could bounce back".

Where have these forecasts come from, I wonder? (The rest of the article is behind a paywall).

From memory, the company have talked about a "small profit" for this year. I'm hopeful of something more bullish on the 23rd.

News announced yesterday, but too late in the day to stop the rout.

https://news.sky.com/story/hgv-driving-tests-to-be-relaxed-to-help-lorry-driver-shortages-ahead-of-christmas-12404161

I should add: "barring any developments over the weekend"!

After all the confusion, the bottom line is that based on today's closing price of around 680p, the shares should open on Monday at around 570p xr.

Putting back restart dates is "positive"?

RNS in July said late September. Now it's 14/10/21. So a two week delay.

I've never said it's "all sunshine and roses". It's a tough game to be in, but we do at least have some of the best managers in the business. Even so, I don't for one second believe 150p will happen any time soon.

Some of what you said may well be true, but it may not tell the full story. For example, "branch managers with years of experience leaving". If they (how many, 2 or 3?) have years of experience, it must mean they were around when the company almost folded. Maybe they weren't and aren't up to the job. Who knows?

Chelsea - I wasn't only thinking about today. Today's weakness is on top of the already steep drop over the last week or so.

Sopal - on 15 March 2018, when the SP was 7p, you wrote:

"Downhill?
All I am hearing is redundancies in admin staff, holiday policy changes because the performance is always **** poor over bank holiday weeks, Tufnol's sales people being poached. Will yield small beans and won't fix the underlying problems in the business I'm afraid."

The SP is now 33p, nearly 5 times higher.

On that basis, following your latest carbon-copy post, perhaps we can now look forward to an SP of at least 150p!

Maybe you should check your sources?

Market doesn't seem to have taken kindly to a two week delay in the publication of the final results!

All the good news regarding depot expansion, which gave the shares its recent lift, is quickly forgotten it seems.

Actually, they didn't "throw in" supply chain worries, they merely reiterated something they've been flagging up all year.

So it was something about which, for example, RBC were well aware when they issued their price target of 450p in June.

The SP has already adjusted for the rights issue, which is now history. With the shares trading at 10% above the TERP of 638p, the market obviously sees the rights issue, and the update, as very positive.

The bottom line is, as I guessed it would be, as follows:

"Continue to target full year profit before tax, post-IFRS 16 adjustments, of above £75m."

With ML now above 235p, ie over £1 more than the launch price of 135p in little over a month, that must go down as one of the most mispriced IPOs in history!

Meanwhile, maybe Trak’s coming good in the nick of time and a takeover won’t be needed (from our point of view).

However, if Searles was appointed back in June, I’m not sure that has much of a bearing. There is obviously the possibility of nepotism here, but the inconsistency of her mother still not having bought any shares - though she does have a few options I seem to recall - is what stands out for me.

But if Trak really is about to turn the corner, staying independent will give us the best chance of 100p - or a lot more even.

I can’t imagine a hostile takeover. I’m no expert on the law and practice of takeovers but, as a NED, Raza is clearly in a privileged position, so I imagine there could be too many legal complications.

Re Mansfield, one possible explanation is that, as an insider, he "knows something", which would obviously preclude his buying at this time. In any case, his (400,000, from memory) share options may entitle him to a significant payout in the event of a takeover.

KBYK - We all agree I'm sure that "Trakm8 ...is an obvious (cheap) contender" for takeover. Raza clearly believes in the business.

If ML could land Trak for, say, 50p, it would be a steal for them.

Even at that historically low price, it would also be a relief for most Trak shareholders, who've had plenty of time (several long years) to average down.

What was the "periodical" tipping ML?

Stock shortages aren't new news - the market is well aware of the situation, which is why the SP has been in the doldrums since hitting 440p a couple of months ago. We'll find out this week whether the market has been unduly pessimistic - my guess is, even with stock shortages, the company's expectation of £75m PBT this year will be left intact.

Now quoting 17.8p for 25,000. That's up 15% in one week. When she moves, she moves!

It may just be coincidence that both ML and Trak are moving up in tandem, but I'd like to think there is a connection.

Won't quote for 25,000. 16.95p for 10,000. So a good 10% up from a week ago.

Trak still holding up at 15.9p to buy, but you'd expect much more if "the news" involved Trak.