Research, Charts & Company Announcements
Research Tree offers TRAKM8 HOLDINGS PLC research coverage from 2 professional analysts, and we have 23 reports on our platform.
Our simple but effective charting function allows for a quick scan of TRAKM8 HOLDINGS PLC's performance over multiple time horizons.
|14/09/2016 13:45:24||London Stock Exchange||Director/PDMR Shareholding|
|07/09/2016 12:10:02||London Stock Exchange||Result of AGM|
|07/09/2016 07:00:08||London Stock Exchange||AGM Statement & Trading Update|
|12/08/2016 07:00:08||London Stock Exchange||Notice of AGM|
|05/08/2016 08:54:11||London Stock Exchange||Issue of Equity and Total Voting Rights|
|26/07/2016 15:49:04||London Stock Exchange||Issue of Equity|
|19/07/2016 14:20:23||London Stock Exchange||Director/PDMR Shareholding|
Frequency of research reports
Research reports on TRAKM8 HOLDINGS PLC
Providers covering TRAKM8 HOLDINGS PLC
Exciting order growth but FX hit anticipated
07 Sep 16
The AGM trading update has revealed exceptional order growth in H1; 27% YoY organic growth and including acquisitions a remarkable 37% YoY overall growth in the order book, continuing a trend for rapid growth over recent years and leaving the group on track to meet revenue growth forecasts. The frustrating delay between orders received and revenue booked (on full deployment of the telematics with customers’ fleets) will lead to the traditional H2 weighting. In fact H1 PBT will be lower YoY as unit costs are upfront and become more profitable the longer they are deployed. There has is also an inevitable Brexit impact from the sharp fall in GBP v USD, adding an estimated £0.5m to the component cost of the devices in FY 2017. Management hopes to mitigate the impact, but we are adjusting our CoS and earnings forecasts for the full amount to be prudent. Such factors are outside the company’s control and, that aside, this is a good first five months, with a further 18,000 units deployed (a 12% increase); 7,000 in the Fleet business and 11,000 in Insurance, growing to 169,000 now reporting to its servers overall.
Excellent prelims deliver cash and dividend
05 Jul 16
As expected, the UK-based international developer and supplier of telematics solutions has delivered an excellent set of results, and importantly delivered significant cash flow. Boosted by the acquisition of DCS dashcam business and a quarter of Route Monkey (RML), FY 2016 revenue is up 44% to £25.6m, in line with expectations. Underlying organic growth was also strong at 28% for the core operation, with orders up 29% YoY and 150,000 units reporting to servers up 48% between fleet and insurance. The strong underlying earnings growth was also as expected; an 85% increase in adj. EBITDA, and adj. PBT more than doubling to £3.8m. There was £0.8m of SBP and exceptional costs from acquisition. An unexpected £0.3m tax benefit lifted adj. EPS to 12.6p, beating our forecast by 10%. Furthermore, refuting the recent cash flow criticism, good cash conversion in H2 saw £1.9m of FCF – even after an extra £1m of capitalised R&D this year – which helped to fund the £7.7m spent on the acquisitions, along with £5.9m raised from equity, leaving net debt of £1.1m as previously flagged. This should be paid down rapidly over the next year. This cash flow has encouraged the Board to declare a maiden dividend of 2p, as anticipated, offering a yield of 0.8%. The outlook is positive, with a successful start in line with expectations, caveated by the uncertainty over Brexit but boosted by two contract wins from Allianz Global, including a launch order for 5,000 units to supply to China.
04 Jul 16
Trakm8*: Excellent prelims deliver cash and dividend (CORP) | OneView Commerce*: Strong results set OneView up for AIM success (CORP) | RM Group: Reassuring interims (BUY) | Gemfields*: New debt facilities (CORP) | Premaitha Health*: Litigation update (CORP) | 600 Group*: Property disposal and Brexit impact (CORP)
Research on related companies
View the latest research on other companies in the sector, published by expert analysts across the city, at some of the best quality Banks, Brokers, and Independent Providers in the market.
Upgrade on lower costs, pipeline strong
24 Oct 16
Fusionex’s year-end trading update indicates that revenues will be in line with market expectations (we estimate 16% revenue growth in FY16) and that a strong pipeline for GIANT 2016 should drive further momentum in FY17. The planned increase in sales, marketing and other investment to support adoption of GIANT has been more moderate than we forecast, meaning that EBITDA is expected to be significantly above consensus. We upgrade our FY16 EBITDA by MYR3.2m (83% but from a compressed level) to reflect this, while leaving our estimates for FY17 and FY18 unchanged.
N+1 Singer - NCC Group - Strong revenue but margins weaker in H1
20 Oct 16
NCC’s trading update for the four months to September shows continued strong revenue growth, but margin pressures in the first half mean that profit for the year will be more second half weighted than usual. Group revenue increased 36% in the period (+21% organic) with Assurance and Escrow both growing well (+25% and +4% respectively). The Assurance division has seen three unrelated large contract cancellations however, as well as some difficulties with some managed services renewals. We are not making any changes to our forecasts at this stage but now expect a significant second half weighting to profits. We remain supportive of the story but with the shares priced for perfection, we downgrade to Hold, with a target price of 353p (from 384p).
N+1 Singer - Earthport - Traction continuing to build
26 Oct 16
Earthport has reported an in-line set of results for the full year to June’16. The group has delivered 89% growth in the number of transactions, resulting in payment volumes through the platform increasing to $11.8 billion. A FY’16 adj. EBITDA loss of £7.5m represents a strong HoH trajectory (H1 loss £5.3m, H2 loss £2.2m) and the group has reaffirmed its commitment to becoming cash generative in Q4’17. Earthport has proved that it can scale new customers quickly as well as extracting significant volume increases from existing customers. With multiple catalysts on the horizon and a strong start to the year already achieved, we believe the group is very well-placed to gain a significant share of the vast cross-border payments market.
N+1 Singer - Morning Song 24-10-2016
24 Oct 16
Sigma has announced that a major £39m regeneration scheme near Liverpool Lime Street has been launched with funding from a new partner, Curlew. The scheme will include retail/leisure space, a 101 bedroom hotel pre-let to Premier Inn and a 412 student accommodation building. Construction will begin by the end of 2016. Sigma continues to pursue regeneration opportunities which reinforce delivery capabilities and are complementary to core PRS activities. We make no changes to our forecasts as a result of this launch. We continue to follow Sigma’s delivery of both managed and self-funded PRS housing, leveraging the new HCA facility secured in September.