Member Info for ticker20000

Stay in I reckon, these guys still have a monopoly in the pets market, not to mention all those vets practices which make loads of cash. KKR is just realising profit on its investment which it was always going to do sometime or another. Meanwhile this will gradually move back up. Collect a 3p dividend in December, stil yields nearly 4% at this price All the best

Captain hindsight in full force

I hope you reported him for sharing insider information Redrichmond? Anyway what a load of b0ll0cks that turned out to be, last year 550 now around 650....

Do you know the details of the transfer Mike? Where are the shares being transferred from / to and what are the implications? The info on the RNS is a bit sparse Cheers, John

Morning M1k3y IAG went ex-div on 30/06/2016 with the dividend paid on 04/07/2016 I received £0.0770 per share, I'd noted somewhere previously that the div was 10 Euro cents Hope that helps!

Agree. Only share that's showing green out of my entire portfolio today!

Indeed, small PIs are the people losing out here by being spooked, I think the rationale goes something like: 1. TW's associates initiate large short positions, this starts a slide in the SP when the shares are sold 2. TW release the podcast to coincide with this 3. Individual PIs are concerned the rumours are true and sell out or trim back positions which adds to the SP slide Remember this share can move a lot on low volumes, large spread and no selling of shares by management which hold ~30-40% - precisely the reason why this share is a good target for shorters! Last time TW did this it took a while for the SP to rise again, this is party due to Trak's policy of staying silent on comments etc. Not a bad policy but it just means we will have to wait until an RNS is issued or the results come out for the SP to rise again.... a remain vote will also help turn round Trak's sp and shares in general I think

I think I largely agree with the ‘JPMorgan – main market listing’ angle that you, Beamer21 and Knowbody mention and I think that would be great. More stability, a bit more liquidity in this share and would also protect it a bit more from short attacks such as the one I believe TW has orchestrated. Instigating a dividend adds weight to that theory as well I think.

Just some extra detail on the dividend: Dividend of 2p per share with 32.26 million shares in issue this roughly equates to a return of cash to shareholders of £645,200 I can't imagine that Trak would seek to raise funds from shareholders only to return cash of 2 pence per ordinary share subject to shareholder approval at the Company's AGM in September.... Shareholders would completely lose faith, why would you raise cash to then pay a dividend, would be nonsensical Any thoughts / comments most welcome!

My thoughts / questions in response to 1 to 7 of TW points are: 1. Yep - 4th July 2. The comments from Traks year end trading update state: "Strong cash generation during the second half of the year resulted in year end net debt of £0.97m, being £1.3m better than expectations" 3. Trak state JPM are to help with their knowledge of the telematics market 4. The share price slide, which started in earnest on Friday morning seems to be as a result of the TW podcast. I see no evidence that "the market" is anticipating poor results 5. I think the latest results we can see are the accounts for 2015, can anyone provide an assessment of the position then? I'd also reiterate the point a couple of others have made on here that it doesn't make a lot of sense to announce a dividend and then ask shareholders for cash 6. Unable to verify this myself 7. Agree, and I guess we will have to wait and see

Hi all. I've finally got around to listening to the above and thought it might be useful for discussions and for those who haven't heard the podcast to provide a summary of the points Tom Winnifrith (TW) makes as below: 1. Results coming up 2. TW believes results will show Trak not very cash generative – results will show red ink (relating to “dodgy” acquisitions) 3. Appointment of JP Morgan TW believes is to help them raise cash, TRAK doesn’t generate meaningful cash and burns cash 4. Thinks share price slide is ahead of likely issue of new equity (market anticipating) 5. Reiterates doesn’t generate much cash and growth is driven by acquisitions 6. The “Market capped free operating cashflow basis” valuation is preposterous – is starting to be reflected in sp 7. TW finishes by saying if they need to raise fresh equity that will prove his point I'll follow this with my thoughts on each of the points TW makes. I would be interested to see input on any of the points I or TW have made, and if anyone can fill in any of the gaps or add any new points that would be useful.

Mike, 214 is a great entry point. If I had any spare cash whatsoever I would have definitely gone for a top up as well this morning.

398 / 1,353.15m which is the total shares in issue is 27.9p Current price £13.80 gives percentage return of 2.022% My working look ok there?

Any idea what this looks like on a return per share basis?

Get a few bottles in - Opened at 308 this morning! Anyone know the reason why?

Agree, all good news here and a great share this. We just need a couple of the factors you mention to align and we could start to see a significant upward trend and a gathering of momentum. Gonna make for a good xmas if this continues the way it is! ATB

One more day! The AGM is tomorrow Wed the 9th Sept. ATB

Party poppers at the ready....

Does anyone know anything about the dividend? I can't seem to find any information anywhere. Thanks in advance

And thanks to Investec for lowering the entry point for us last Thurs!