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Trakm8

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TRAK
  • Price:
  • 208.5p
Trakm8’s full year results were as good as had been expected. Boosted by the acquisition of DCS (distribution of dashboard cams) and three months from Route Monkey (software), sales were up 44% to £25.6m. Including £0.9m from the two deals, pretax profit was up from £1.8m to £3.8m. An unexpected £0.3m tax benefit pushed up eps from 5.9p to 12.6p.We included a full write up last month so there isn’t too much new news to report suffice to say that the number of telematics devices now connected to its servers is up 48% to 151,000 with detail of the split now given as fleet (58,522 up from 57,563) and insurance (up from 44,400 to 94,400 – demonstrating that almost all of the growth is in ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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