Member Info for Pianista

Worth an RNS, surely.

If a takeover were to happen, my guess would be 240p.

Odd trades are happening too frequently for them not to be secret messages between MMs. I've no idea what they mean, though. But presumably some big movement in the SP is about to happen - hopefully not downwards!

That's about 0.5%. We'll find out who it was if, for example, it takes them above 3%.

Dc2 - the conversion of the CLN later this year at about 17p will give ML less than 30% - probably deliberately, to avoid them being forced to make an offer.

However, at around the current SP (15.85p to buy), on the face of it they wouldn't convert anyway (except that the SP for the large number of shares involved would be a lot more than 15.85p).

Hopefully, the SP will be well above 17p at the time of conversion - so much depends on TRAK's announcements over the next couple of months...

Big jump in the buy price today - from 14.9p to 15.8p. Not sure why.

Rapidly heading back to 150p

So much for all the broker buy recommendations....unless they feel a takeover is inevitable.

270p was rejected in October, apparently. So 300p looks about right.

Interesting thought about ML, but if it were them I don't think it would take this long to sign.

Dc2 - we're all thinking the same...

Also, I'm not sure why, according to Allenby, current year profit should be so dependent on a software contract that won't be signed until just before the end of the year. Surely the bulk of the profit will accrue in future years?

Smacks of a "copy and paste" from some historical piece on the Trakm8 website...unfortunately. That's not to say we won't get the long-awaited RNS...eventually.

The good news is that they’ve not RNS’d any bad news on the “significant” software sales contract, so they must still be confident of landing it in the next month or two.

Today's "further announcement" - £30k buy from the CEO - seems to have settled the market's nerves.

ML's SP was up more than 20% today, following an impressive TU. As Trak's main investor - and potential bidder? - this is good to see.

"Coral Products warns on profit – but investors shouldn't panic".

I agree. But we'll be living on our nerves until further announcements are made.

If it's just deferral of purchases by customers that's the problem, it will soon unwind - as will the market over-reaction.

However, I think the new CEO is indulging in a bit of kitchen-sinking here - which has inevitably played into the hands of the MMs.

On the plus side, Mr Burn does at least sound like he's on the ball. Let's now see if he puts his money where his mouth is...

Good find. It was only 324,000 connections at 24 November.

Yes, a merry Xmas to you too, and thanks for all your informative posts.

Let's hope 2024 is when the "jam" finally arrives....

Must be something different - according to Trak's RNS dated 30/3/23, the Iceland contract was extended till 2027.