Member Info for Pianista

Agreed. Next stop 20p?

I suppose if you are intent on diversity, the pool of female talent in this industry from which to select a NED is rather limited, which could explain why PS has been appointed despite, on the face of it, not having a scintillating track record, e.g. Smart Driver Club was heavily loss-making before she left.
But to be fair, SDC was just a start-up, and it’s not unusual to rack up early losses as a new business finds its feet. And the business was promising enough at the end of the day to be taken on by its main creditor, and now appears to trade successfully.
Anyway, at least she’s well-known to Trak, as supplier to SDC, so Trak know the inside story, and presumably enough not to lay SDC’s early difficulties at her door. On the contrary, they presumably recognise that she’ll have gained a lot of valuable experience from her time at the “sharp end”.

Jonathan Wragg, with an in-depth experience of working with Local Authorities and Waste Contractors, joins as Sales Development Team Member. Per Coral website, 15/7/20.

Just the man to increase the uptake of the Multi Box Recycling System by LAs?

May get RNSs re PDMR buying, major holdings, contracts, takeover (unlikely).
Also news on Smart Breakdown from the AA early August.
Without news, SP has tended to drift down, but now that things are generally looking up for the company, SP may well stay above 20p (based on actual quotes from Barclays, mid price is about 20.6p currently). With turnover again at rock bottom though, it doesn't take much to move her.

But it's not a Trakm8 tracker, is it?

"Commentary here is neg neg neg".

Really? I would say it's the opposite.

I wouldn’t be too surprised if the facility, having been designed to knock out 4,000 units per day, is looking pretty forlorn at the moment, especially with extensive furloughing of staff (63 in total, presumably many of them in manufacturing).
But as dc2 says, they can’t win.
The problem is, Trak’s fortunes are mainly tied to large customers like the AA.
Trak could sub-contract production, but that risks overstocking and having to write off unsold stock.
By having its own facility, it can at least react quickly to sudden increases in demand.
In either case, it’s a gamble, but a calculated one that may still come off, with cars now getting back on the road as Covid-19 subsides (hopefully).
If it doesn’t come off, it will just take longer to get to £1+, but there is no reason to think the company will not survive in the meantime.

justaquickone - to be fair, JW said it was an "ambition" - I think that was the word he used - to have 1m connected units by 2021, stressing that it was not a forecast.

Even if we get half way there, it'll be a shot in the arm.

By the way, love the word you invented ("pubically")!

My two penn’orth on the RNS….
Of course, Trak and the customer have some sort of handle on the numbers, but Trak is constrained in what it could, and what it would be wise to, announce to the world.
It’s walking a tightrope. It needs to balance the desire/imperative:
- to keep the market informed
- not to divulge too much market sensitive information to the competition
- not to upset the customer (it doesn’t even mention its name)
- to comply with any wording of the contract that may place limits on disclosure by the parties (for Trak’s protection as much as much as that of the customer).
So even if Trak knows enough to make a meaningful statement of likely revenues and profits, it must despite its excitement at landing the contract, not get carried away, and on balance, I think the wording of the RNS was well-judged.
To partner with a major food company is a feather in its cap, and the RNS is telling the world “we’ve arrived, we’re being taken seriously as a major player in the large fleet market”. For me, that’s the main message from the RNS.
So I think the RNS went far enough to inform and reassure the market, without going too far.
Personally, I would not want to be tempting fate either, and come out with some amazing numbers for revenues/profits. Numbers will be forthcoming soon enough in the form of - with Covid-19 behind us hopefully - a forecast for the year, when the half year accounts are presented.

Net debt is not an issue for TRAK, unless all its contracts dry up of course, as for any company.

Even with a 50% reduction in free cash flow, its amended loan covenants would still be met.

Its recent accounts contain no "going concern qualification" by the auditors. If there were one, that would be a red flag.

I just hope that TRAK is doing its own due diligence and not selling to anyone with mountains of debt - hold on, there's the AA, with its £2,700,000,000 of debt!!

This is a SAGA plc discussion board, not a UK plc discussion board.

Nothing is free in this world.... except furlough money from the govt. You don't have to pay back furlough money.

"QTX appear to spend a lot of money on client acquisition and this appears to be working".

Presumably, "client acquisition" is the new trendy name for Sales & Marketing.

TRAK have 80 Sales & Marketing employees - which must cost £4 or £5m pa I would think - compared to QTX's 60.

So no shortage of this resource within Trak.

Blue Veiner, you’re not thinking clearly. You can furlough staff with taking govt money, or furlough staff without taking govt money. To do the latter when you are in debt is MISMANAGEMENT.

Why on earth would they not accept govt money? If this is true, this is gross mismanagement.

Insurance division hasn't used furlough, apparently. But perhaps that's because everyone has continued to work, albeit mostly from home.

Illogical, like quarantining people arriving from safer countries!

This govt has gone mad. And the wallies at PHE need sacking.

...is the general lack of M&A at the moment.

I've never been in a share where I thought the prospect of a takeover was more likely than it must now be for Saga.

Given time, it would come good - but it won't be given that time, before the corporate raiders pounce.

Food vouchers in August....is not because people don't have any money, it's because people are afraid to eat out, and need to be bribed. Our idiotic leaders overdid Project Fear Mk II.

"Carnival added that it has introduced a series of health & safety measures which include the completion of digital health questionnaires prior to the cruise, temperature measurements before check-in for guests and crew, and physical distancing guidelines. Other measures include increased cleaning & disinfection measures and the provision of 24/7 medical care onboard".

Meanwhile, from good old Saga.....deafening SILENCE!