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I think this one new....
"Trakm8, a leading telematics and data insight provider, is proud to announce a new 3 year partnership with Commercial Associates LTD, trading as CA Cars, “The Driving Instructor Specialist.”
"Following an unsatisfactory trial with a previous telematics provider, CA Cars sought a more comprehensive solution and turned to Trakm8. CA Cars now employs Trakm8’s C430 devices"
https://www.trakm8.com/news/trakm8-partners-with-commercial-associates-cars
Good find.
Yes, not heard of this one.
Good that the deals are rolling in.
Cue the large sell order...
Just a 30k - bit took the price down. I noticed lots of LinkedIn peeps celebrating their new jobs at Trak - either high staff turnover or growth - take your pick
I did wonder with the small sells whether something was coming.
Should have known with yesterday's news.
Not sure whether to dare buy anymore.
Sure is a strange one this. Perhaps whoever is selling has lost faith that the contract will be signed. Even without it, however, this company has to be worth more than £3.75m, surely?
Hard to be objective when you are a long suffering share holder but yes, we used to think this was priced for failure when it was in double digits - what is it priced for now. At this price it could easily be snapped up by Microlise (assuming JW will sell) - if it goes down, Microlise would have egg on their faces being so invested - so I doubt they would allow it.
As a shareholder - I think it will recover somewhat - that contract signing was a stupid thing to go public with - without it no one would be saying it isn't going to get signed etc. And would have been a great surprise is a contract did get signed. I still reckon the negotiations are continuing - there will be an RNS either way.
I don't have the cash (I bought 12k the other day at 8p) - hoping this is the bottom
Just grabbed a few more - for better or for worse!
This must be the bottom or close to it - surely!
Lol, close to zero so very close to a bottom. Come on Trakm8 - give us some great news
Can't help wondering whether good news would even attract a bunch of buyers - quite a number will be needed to push this upward.
*if it goes down, Microlise would have egg on their faces being so invested - so I doubt they would allow it.*
Can't get my head around what Micro are doing with this investment. Feels very indecisive. I wouldn't be suprised if they've offered JFW et al, something for the Co and it wasn't accepted.
Much be showing quite a loss on their books by now?
Not long to wait for an update, in any case.
They should report in the next couple of weeks.
I suspect they're going to say that they expect the contract to be signed, early H2.
Yep, nothing surprises me about how this is managed. I used to think it was ok as they had a company to run, but surely recovering the share price requires some attention to get things back on track.
Slightly amusing that every time the BOD and Micro buy, the share price falls. Unfortunately, it takes our own money down with it.
I was reflecting whilst out this afternoon
Few positives.reassuring things for me:
HSBC, have faith that their £3.5m is not in danger - so much so that they're happy to only have interest paid for several months. (I do wonder whether JFW has provided some personal guarantees for the loan). Banks are normally unforgiving so they must have seen strong evidence of jam tomorrow. They really have been paying this loan back forever....
New deals (and renewals) of decent length continue to materialise.
No RNS re the contract, so one can assume that's still in the water and will likely get over the line in some form or another.
Cash gen and debt reduction are improving:
"operational cash flow is expected to be £5.4m (FY23: £4.3m), cash on hand is £1.4m (FY23: £1.1m), net debt of £4.9m (FY23: £5.6m)"
Allenby's projections FY25 look strong, if (and it's a big if) insurance capacity has indeed returned and continues to strengthen.
Adj PBT: £1.6m FY25 (one must assume that this includes the contract signed)
No way a £3.75m business can be making that kind of profit and remain at the same value... IF they actually manage this, then this should be what - 20p?
Others might want to add their own positives and then we can wheel these out when we're feeling glum about watching the share price decrease straight after our purchases....
At this moment I have nothing to add except to agree with your points.
Watkins' shares were once worth around £25-30m - now worth around £600k. £250k a year salary doesn't make up for that kind of loss - even if on paper. Must hurt - and watching his son's wealth (once a few million) evaporate. Assuming these individuals aren't psychopaths ...they must be as disheartened as the rest of the long suffering shareholders (almost/kind of).
Yep, quite a fall. Assuming Microlise want to play ball then a good offer from them may be accepted in order to crytalise MWs inheritance.
My concern about the whole thing is they keep going cap in hand for more money, so what happens when that dries up. Obviously, actually making that elusive profit would change things....but as you said, no visibility of this share so where will the buyers be.
“(I do wonder whether JFW has provided some personal guarantees for the loan)”
If he has, it would need to be disclosed in the accounts, which it hasn’t. So I agree that HSBC must have good reason to be relaxed. Also the faith shown by ML should provide some comfort (as it does for us PIs).
Good point.
Thanks.
Not sure whether the 2 small sells this morning as enough to constitute a vote of confidence in the award... but the day is yet young.
Is a 25k sell enough to satisify you that the news was good - lol
Daily selling is a concern I have to say. The price won't hold up to 25k sells going through for long.
Yep, they keep coming out of the woodwork - I guess the main thing is they are in no better position to judge what is going on than we are (other than to know their own actions e.g. how many they are selling) - obviously it would matter if they were a large holder trickling out but let's not get too worried about it. News soon - let's hope it is good.
Well, yes - unless it's staff (not PDMRs). But could be for a myriad of reasons and the list of reassurance, still stands.
It's a closed period now before results. If anything material had taken place, the market should have been informed between now and the last update (April 2nd). I think they will report in the first opportunity after 3 months from that date, so that they can advise on how P1 has gone. April was supposed to see insurance make up some ground, so we'll hear about that - and then there's May and June ...and the holy grail: the contract.
Could be a blockbuster update (maybe).
Based on little evidence, the staff seem happy - one guy have recently returned after 18 months (according to a comment in his LinkedIn celebrating it) - said he was glad to be back. Lot's of new employment happening (ok, maybe high staff turnover) - but seems vibrant.
Yep, not long to wait.....as said before - I always get my hopes up for this update and it never delivers and I have to wait until September (for more disappointment) - fingers crossed for a change