Last night I was just thinking about buying into traffic master...what happens I wake up to find they soured yet again on yet another contract win with mitsubishi...enough convincing of an old time Stock market favourite i say...!

I decided it's now or never and piled in...My own opinion is Traffic Master will have soared much further by the year end, especially after the 3 recent contract wins with major Car manufacturers, there will be a number of institutions following now, even more so i expect... correct me wrong one day, (my own thoughtss only...) but i trust TFC will soar past 1.00 mark down the line, do your own research as this was a classic growth stock success story, and one I think is back on track..

Do your own research as I spent the night thinking over Traffic master, this morning I convinced myself...I think i've found the one...lol..

(still bitter after missing Gresham however...sigh....)

may a nice day...jules.

how do you arrive at that? it just looks like it is trading sideways to me.

sportbilly1976 - 24 Apr 2007 10:15 - 63 of 64...Totally agree never seen Bollinger Bands so tightly squeezed. Predict breakout to the upside with price target of 90p min following long term trendline.

Colombo, it is trading sideways somewhat.

However you'll notice from September onwards it creates higher lows each time it falls, forming a trianglur pattern.

Triangles are know for breaking out spectacularly as they approach their apex.

The tight bollinger bands and declining volume (another sign of a concluding consolidation pattern) indicate that the breakout should be very soon.

AndyH78
Thanks for explaining that, won't we need an update to spark the breakout?

Dunno, charts often breakout before news, whether its insider dealing, leakage, or people just buying in the hope of news I don't know, but it doesn't surprise me anymore how often charts make big breaks before news.

Quite significant for a company with an operating margin of 11 million
LONDON (Thomson Financial) - Trafficmaster PLC said it has won a 3 mln stg contract to supply journey time data to the UK Department for Transport over three and a half years, effective July 3.

The company said the six month transition from the existing supplier will be complete by end 2007.

Trafficmaster will supply a combination of real road speed data and journey time and traffic flow data.

Trafficmaster slips - MoneyAM

Trafficmaster said this morning that its pretax profit narrowed to 1.67 million pounds versus 1.8 million pounds last year.

The company said it is confident the business will continue to grow profitably, particularly in the business services division in the current financial year.

It said the growth will be supported by demand for its proven fuel saving capabilities and the good progress of company's partner programmes.

The company said it has delivered robust performance in the first half as the group capitalised on the opportunities generated by the tougher economic climate. Chairman Colin Walsh said: 'Business customers in particular are recognising that our Fleet Director product solutions are delivering real savings on running costs and this is translating into profitable growth for Trafficmaster.'

Revenues for the period ended June 30th 2008 rose 13% to 26.8 million pounds while gross profit jumped 11% to 15.7 million pounds.

The company has not proposed any dividend.

Trafficmaster slips - MoneyAM

Trafficmaster said this morning that its pretax profit narrowed to 1.67 million pounds versus 1.8 million pounds last year.

The company said it is confident the business will continue to grow profitably, particularly in the business services division in the current financial year.

It said the growth will be supported by demand for its proven fuel saving capabilities and the good progress of company's partner programmes.

The company said it has delivered robust performance in the first half as the group capitalised on the opportunities generated by the tougher economic climate. Chairman Colin Walsh said: 'Business customers in particular are recognising that our Fleet Director product solutions are delivering real savings on running costs and this is translating into profitable growth for Trafficmaster.'

Revenues for the period ended June 30th 2008 rose 13% to 26.8 million pounds while gross profit jumped 11% to 15.7 million pounds.

The company has not proposed any dividend.