gerihatric
27 Nov 2017
not a whimper Even after what appears to me to be reasonable interims. And even more confused by the irregularit of the SP as noted on this site. The same applies to other stock prices as well
pendil
24 Oct 2017
Re: Price Rise Yes, trading statement confirmed they are back on trak. 24% growth in core revenues means they are still good value at this level. (p.e. ratio of 12.8 and PEG ratio of 0.43 according to stockopedia). I don't think we'll see 400p again anytime soon, but the price should increase from here as confidence rebuilds. 200p this time next year looks very achievable.
Professor Fang
24 Oct 2017
Re: Price Rise Errr...trading statement?
SlickNeeson
24 Oct 2017
Price Rise Thoughts on why the big rise yesterday?
DarwenLad
31 Aug 2017
Change of FD Not sure what to make of the boardroom changes at Trak. James Hedges, the outgoing FD, is the second biggest individual shareholder after John Watkins, the chairman. Was he pushed or did he walk? What will happen to his 6.3% stake? My biggest concern about Trak is the lack of Institutional investors. Quartix, its smaller but much more highly rated competitor, has three sizeable institutions on its share register - Blackrock (9.9%), Liontrust (5.4%) and Miton (4.7%) - and a chief executive and finance director who together own over 40% of the business. contrast, Trak's website discloses just one reasonably well known institution on its register - Hargreave Hale (3.0%). If Trak has such potential why has it not attracted the interest of more professional investors as opposed to retail investors?. In addition, I would be happier if Trak followed Quartix's example and recruited an outside non-exec chairman. The fact that John Watkins, who owns 17.3% of the equity, is executive chairman and Mark Watkins, his son, is chief operating officer is far too cosy. Admittedly, David Bridge, Quartix's FD who owns 5.5% of the company, has announced he is leaving next year but the transition has been flagged up a long time in advance rather than the rather abrupt way that Trak has announced the change of its FD. Trak may turn out to be a great company but it could do with the appointment of a strong outside chairman not afraid to ask a few pointed questions of Trak's executive team of which the most pressing is why its main quoted competitor (Quartix), which operates in similar markets, is so much more profitable.
II Editor
07 Jun 2017
NEW ARTICLE: Trakm8's big win keeps recovery intact "Keeping the faith is sometimes difficult to do, and LSE:TRAK:Trakm8 will have been a frustrating holding for some investors. It's long been an Interactive Investor and City favourite, but has been a source of frustration in recent months.Having ..."[link]
II Editor
30 May 2017
NEW ARTICLE: Stockwatch: An AIM share reasserting growth credentials? "Is LSE:TRAK:Trakm8 (TRAK) re-asserting growth credentials after a brief but messy period of warnings? Does its stock also reflect trend-following on the less-liquid AIM market?This telematics and data supplier (e.g. for lorry fleets) soared from ..."[link]
DarwenLad
04 Apr 2017
Re: New deputy chairman The boardroom setup at Trak has always looked a bit odd. Instead of a non-executive chairman and a separate chief executive, we have had the company's biggest shareholder, John Watkins, holding the title of executive chairman and his son, Mark Watkins, as chief operating officer. The appointment of Keith Evans as deputy chairman makes some sense. But the fact that it takes place "with immediate effect" at the exact end of the company's financial year, rather than be announced at the time of the company's AGM makes me a tad nervous that everything is not running smoothly under Trak's bonnet. Perhaps the appointment just reflects normal growing pains of a relatively small high tech company. Evans is an ex-PwC partner and has a CV packed with advisory work. Not clear whether he has ever had any chairman's experience. That said he did invest £100,000 in the recent share placing.
claude reins
04 Apr 2017
Contract renewal Contract renewals are very welcomwe, as they express confideence on the product ongoing. On the other hand, this company needs new contracts, and soon, to get back to somewhere near its growth rating.
claude reins
04 Apr 2017
Re: New deputy chairman Had a chat with someone. The indication was that there needs to be more hands-on management un building the business commerciallyand profitably rather than just the focus on the technology. I guess the geeks can take over the train and forget that the rest of the business has to make money from the technology.Weak buy at the moment.
claude reins
31 Mar 2017
New deputy chairman Now just what change is implied following the appointment of a non-exec director to the postt of nn-exec Deputy Chairman? It would help if the Exec Chairman could indicate whatj is the signficance of this move.
claude reins
10 Mar 2017
Re: Capital raising The management are very much involved in both the company and in the recent capital raising. It gives me some confidence tthat the 'jam tomorrow' forecast wil come to pass. I would have to give thwm a weak buy at least on this basis. I have put the figures below, but the format is not friendly. You can see them better in the RNS section today in News.Director ShareholdingsThe following Directors participated in the Capital Raising: On AdmissionName Number of New Ordinary Sharessubscribed for in the Capital Raising Number of Ordinary Shares held % Enlarged Voting RightsJohn Watkins* 338,461 6,177,859 17.31%James Hedges* 107,692 2,250,318 6.30%Tim Cowley 92,307 1,949,945 5.46%Matt Cowley 153,846 1,744,203 4.89%Bill Duffy 100,000 140,000 0.39%Keith Evans 153,846 153,846 0.43%
claude reins
03 Mar 2017
Re: Capital raising I may be being a bit naieve but I can see another side to it. They see the need to borrow a bit in the market. It reduces their debt to a position they are comfortable with the. The sneior management are all to a man buying into the placing at 65p - recently you would have been lucky to have got 61p in the market for a sale. They are effectively coughing up 50% of the total. It could be argued that this process is buying just the amount of time/finance the senior management team believe they need to get the new products to market and plug the gap left by the profit loss from freeing up manufacturing space too soon formerly used for third party products. So the portential take-out form this move is that the management have confidence that their issue is one of timing and this is what they need. Just another point of view IMHO. DYOR of course but would be interested in the thoughts of others on the BB.
shovelier
03 Mar 2017
Re: Capital raising Agree. It all seems a bit nebulous, not on offer to private investors and doesn't pay off all the debt by a long shot so a bit half baked.The market's not impressed either.TBH I'm not too bothered as I, fortuitously, top sliced a while back and so my modest holding is all profit anyway.I'll hold on for further developments in the future. (Hopefully)
David123456
03 Mar 2017
Capital raising [link] dubious about the merits of this placing and wonder if it's just creating an opportunistic entry point for the directors/insiders to supplement their share options.Will it raise enough cash to make any meaningful difference?Use of proceeds - to reduce debt and strengthen working capital position is so vague as to send a shiver down my spine.and any indication of what commission is being paid? (I couldn't see reference to that in this morning's announcement). That's always a good indication as to the quality of the incoming funds.
