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Trakm8

October 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:
  • 200p
Trakm8 has said trading in the first five months is consistent with its expectations for the year as a whole. Recurring revenues are growing with 169,000 units now reporting to its servers, a 12% increase since the year end. New orders are running 37% ahead of last year (27% organic). However, the phasing in of new orders means there is a delay between orders booked and revenue received so H1 results will now fall short. At the same time, the sharp fall in the £/US$ means there will be a £0.5m increase in component costs. Finncap has reduced forecasts by 7% to £5.9m pretax profit/eps of 15.7p. Speculative buy but getting close to the stoploss.    ...

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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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