Member Info for Pianista

"My 'gamble' is on the contract being won and announced in the next month or so".

I can make it happen (by throwing in the towel and selling up at the bottom!).

I've just tried to buy 50k, but was quoted 8.75p.

And another 4k today. Though (very) small beer, the significance I think is that it indicates he's not in the mood to sell any of his 7.3% holding any time soon.

SP now responding I see...

At last, another purchase by an insider. She must have seen my earlier post!

"Sales volumes in the first four months of 2024 are up 12% from a year earlier". Shares up 20%.

I wonder if CRU were over-cautious with their profit warning...

The 5* reviews tend to be for the larger accounts, the 1* for the smaller ones - so it's the right way round!

However, based on a much greater number of reviews, Quartix's TrustScore is much better than Trak's. Not that it's done much for Quartix's SP, 70% down since 2021!

Good point - it could be related. Surely we won't have to wait another 11 1/2 months to find out.

Fantastic endorsement from Iceland. If only it were reflected in the SP, now only 9.4p to buy! So frustrating...

Yes, it could be high staff turnover, but is that due to getting rid of the dead wood, or after the rats have left the proverbial?

“Join the @Trakm8 team! We're on the lookout for passionate individuals to fill key roles within our company. If you're ready to embark on an exciting journey in the world of technology and innovation, then look no further.”

They still intend to pay a dividend for this year, they said.

They said they were "expecting pipeline orders to begin to recover, starting from February 2024", and the CEO obviously believed that, with his purchase at nearly 14p.

They'd know by now whether sales have indeed recovered, but haven't informed the market presumably because they are too busy running the business!

Meanwhile, with its pitifully low share turnover, it only takes a few nervous investors to knock the SP for six. But at sub 10p, it surely can't go much lower, so I would say it's a great opportunity for anyone not already heavily into this share.

I hope you're right, a 100k purchase would be a much-needed steer.

Whatever the trading performance has been since the profit warning, the SP has certainly deteriorated. The CEO's lost about 30% on his own purchase, his colleagues much more. But they won't be too concerned, as long as they expect the next update to confirm that the company is back on track.

In the meantime, as we are in a close period, there won't be any more directors' share purchases to settle the market's nerves, so as you say Mr BB, we'll just have to be patient.

If his next pronouncement is anything like his first, then I agree.

In his favour, though, he did at least have the decency to dip his hand in his pocket and make a substantial purchase.

What I mean is, I'm pinning my hopes for a recovery in the SP on the contract rather than a takeover - though I still don't think the language ML have used necessarily makes a takeover unlikely, because I think when ML talk about M&A, Trak being already an associated company is regarded as a special case, not to be lumped in with the various other companies they are targeting.

From Ml's final results today:

"The Company remains alert to further acquisition opportunities, particularly internationally, both in markets in which we already operate as well as new geographies.

"M&A remains a core part of our strategy and we continue to see a robust pipeline of opportunities. We continue to assess further acquisition opportunities, with a current focus on international business, both in new geographies and in those in which we already operate, and will act appropriately should they align with our immediate and long-term strategic focus."

Personally, as regards the possibility of Trak becoming a target, I'm setting more store by that elusive software contract than anything else....I just hope we're not kept waiting again till the end of the financial year!

...after a profit warning, is the problem here.

"The company is expanding rapidly...". Sounds good (except if they've always been saying that!).