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Research Tree offers TRAKM8 HOLDINGS PLC research coverage from 2 professional analysts, and we have 23 reports on our platform.

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Date Source Announcement
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
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Latest Content

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.