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Tracsis

December 2021

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:
  • TRCS
  • Price:
  • 985p
Tracsis has reported its full year results to end July. Sales were up 4% to £50.2m. Chief executive Chris Barnes says the pandemic resulted in sales falling short of expectations by £12m at the start of the year. A shortfall, mostly due to people/traffic counting, was offset by growth in software revenues. That, alongside cost cuts of £1.8m helped EBITDA climb 24% to  £13m. Pretax profit was up £0.2m to £8.3m. Net cash stands at £25.4m before £9.5m deferred consideration to be paid.The RT&S arm, which comprises three clusters - Operations, Infrastructure and Cx - was the “swing factor” and activity levels were high. Divisionally it grew sales 13% to £26.4m ( ...

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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.

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