Member Info for Pianista

Expect they were burning the midnight oil. So it looks like Monday for the RNS (though it's not unheard of for RNSs to be issued over the weekend).

RNS tomorrow re completion? Including details of how value will be returned to shareholders?

No mention of HSBC, probably because in their eyes it's a non-issue. However, by saying nothing, they've arguably missed an opportunity to include in the RNS something else of interest to investors.

The thread title is misleading and has led to negative comments. The RNS didn't say "New Client", it said "Contract Award", which it is. It may well be with an existing client, but that's very positive: an existing client has chosen to stay with Trak and not defect to a competitor.

All in all, I think it's a reasonably reassuring update: Trak lives to fight another day (or year!).

We'd all like more detail, but they are limited in what they can/should divulge. Let's hope we hear of more contract awards - and PDMR buying - in the near future.

At the moment, delivery companies generally seem to be suffering (eg RMG, OCDO) as the market anticipates the end of lockdown. However, DX's ambitious expansion plans will also no doubt have anticipated the ending of lockdown over the next few months. Hopefully, there'll be some reassuring comments on this in the March update.

Excellent, very well-written article - from a company that certainly doesn't look like it's preoccupied with mere survival!

I think self-employed couriers working for MyHermes is a very good example of a "grey fleet". But it's also where employees use their own vehicles for business purposes.

I agree Chelsea, very positive. As they say, it underpins their growth ambitions. It should also underpin the SP, barring short-term fluctuations.

https://petition.parliament.uk/petitions/332067

"Drivers who give up their cars will be offered £3,000 in 'credit' to spend on public transport, electric scooters and taxis under new green plans" - today's Mail.

...will reduce the £ cost of HFD's $250-$300m purchases p.a. by maybe £5-£10m p.a., which is not immaterial.

This is probably the main reason for the SP's relative strength against the general market at the moment.

I haven't. I keep an eye on the AA website though.

Just about sums it up!

At least, though, the AA seem to be ramping up their TV and radio advertising, which should be indirectly helpful to Trak.

"We currently intend to issue a pre-close statement during March 2021," they said at the last update.

...except it would be advisable to assume that HMRC will be aware, sooner or later, of all your share transactions.

"My Trade account is my ‘problem’." Yep, sounds like you've got your work cut out, m8!

Basically, you will need to compute the gain or loss on each type of share that you've held. So you accumulate the purchase costs of Co X shares, and if you sold them all before the end of the tax year, you deduct the total cost from the net proceeds to give a gain or loss. If you sold part of the holding, you reduce the cost deducted pro rata. (It gets a bit more complicated if you sell Co X shares and buy back Co X shares within 30 days).

You will then have to aggregate all the gains and losses on each type of share to come up with your net gain or loss for the tax year on your shares.

Cash transferred to/from your trading a/c is irrelevant to your tax position.

That's probably enough for now...

TRAK didn't qualify for a CBILS because HSBC said they weren't cash-strapped enough! So it would be bizarre if HSBC now played hard ball on the rollover, unless circumstances have radically changed for the worse. However, if that were the case, TRAK could reapply for a CBILS of up to £5m by 31/3/21.

All resolutions passed, so it's full steam ahead for disposal to complete on 26 Feb.

General Meeting about to begin at 12 noon.

"Unprecedented parcel volumes" in Q3 (to 31.12.20). Shares up around 5%.

After a week or two of SP weakness, DX is today basking in the reflected glory of RMG's success. Shares up around 4%.

Saga's offering is different from Norwegian's. All over 50s, all vaccinated, industry-leading protocols, state-of-the-art ships (with maybe limited ports-of-call). So there is no reason whatsoever to treat them like the generality of the holiday or cruise industry. But we do live in crazy times...