Trakm8 PLC is an AIM listed company providing market leading Fleet Management Solutions, Engineering Services and Telematics Hardware to organisations worldwide. Our customers range from corporate fleets to small businesses that all benefit from improved operational efficiency, driver safety and fuel economy from utilising our products and services.

Trakm8 are the cutting edge of the Telematics industry, integrating bespoke hardware, firmware and server solutions with ASPs, Developers and Integrators globally. The products and services we offer are all developed from our commitment to exploiting Big Data to improve driver behavior both for fuel economy and risk reductions, as well as driving service and repair quality commitments for a wide range of industries, including Insurance, Construction, Government Organisations and Utilities sectors.

Trakm8 have an in house development team dedicated to using statistical techniques to analyse Big Data to improve the accuracy of assumptions that are driven by traditional profiling. All solutions are designed, developed and manufactured within the United Kingdom, with the majority being produced in house at Trakm8 facilities. This gives customers a flexible, reliable and cost effective service to complement their fleet operations, as well as allowing Trakm8 to remain competitive in a rapidly growing market.

http://www.trakm8.com/

4 Sep finnCap 90.00 Corporate

Trakm8 signs deal with SAGAsystem

RNS


RNS Number : 4600R

Trakm8 Holdings PLC

12 September 2014






12 September 2014

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 extends reach into a new territory with SAGAsystem AS contract win



Trakm8, the AIM listed telematics and data supplier to global markets, is pleased to announce that it has signed a contract with Norwegian company SAGAsystem AS ("SAGA") to distribute the T8 tracking units and real time driver behaviour feedback product, ecoN throughout its network in Scandinavia, representing a new territory for Trakm8.

The initial order for the UK manufactured hardware is worth over £270,000, which will be followed with ongoing monthly service charges for each unit, providing a solid recurring revenue base for the Group. The initial order is expected to be delivered to SAGA by the end of 2014.

John Watkins, Executive Chairman of the Trakm8 Group commented: "We are delighted to have partnered with SAGA in the distribution of our products throughout Scandinavia, which marks a new territory for sales of ecoN. SAGA is well respected throughout the industry and we are confident that they will be successful with distributing our products to their customer base."

-ends-

Interim Results


· Revenues increased by 230%. Like for like revenues up 66%

· EBITDA increased by 367%

· Profit before tax increased 30 fold to £0.72m (2013: £0.02m)

· Like for like new orders received increased by 53%

· Underlying annualised recurring revenues increased by 130% to £5.3m

(2013: £2.3m)

· Strong cash balance maintained

· Direct Line contract shipments commenced

· New contract awards with Kubota, CE Downton & SAGA Systems

· Significantly improved banking facilities agreed post period end




http://www.moneyam.com/action/news/showArticle?id=4933032

1 Dec finnCap 100.00 Corporate

Significant Hardware Order

RNS


RNS Number : 7151Y

Trakm8 Holdings PLC

04 December 2014







4 December 2014


TRAKM8 HOLDINGS PLC



("Trakm8" or the "Group")



Trakm8 receives significant hardware order to upgrade Saint-Gobain fleet telematics





Trakm8, the AIM-listedtelematics and data provider to the global market place,is pleased to announce it has been awarded a significant hardware order from its well-established customer Saint-Gobain. This order is an expansion of the business the companies are already committed to, and will upgrade the entire installed [UK] fleet of vehicles to the Trakm8 ecoN fuel saving fleet management solution.



The contract awarded will total £1.0 million in hardware and service revenues over a two year period, with the fleet expected to be fully upgraded by March 2015.



Trakm8 has built a strong relationship with Saint-Gobain, having supplied the Swift fleet management solution to the company since 2009. The upgrade to the driver behaviour device ecoN requires some existing installed fleet hardware to be replaced along with the new addition of a real-time in-cab display. The Saint-Gobain management team is working closely with Trakm8's Applications Engineers to change driver behaviour to reduce the amount of fuel used and improve the accident risk.



In addition to the ecoN upgrade those vehicles with digital tachographs will upgrade to transmit the tachograph data via the telematics devices.





John Watkins, Executive Chairman of Trakm8 commented:

"This significant order from Saint-Gobain is testament to the quality of Trakm8 solutions and the good working relationships we have built over many years with a highly valued customer. Trakm8 invests a significant amount of its revenue into the development of future products to facilitate these good working relationships and we look forward to working closely with Saint-Gobain over the next few years to see them benefit from the ecoN driver behaviour device."



Ian Berril, Director to Transport, Saint-Gobain commented:

"We have worked with Trakm8 for many years and are pleased to upgrade our fleet to the latest technology. We anticipate a quick payback on our investment."



-ends-

Wrong thread.

Contract Announcement
RNS
RNS Number : 6934E
Trakm8 Holdings PLC
12 February 2015



12 February 2015


TRAKM8 HOLDINGS PLC



("Trakm8" or the "Group")



Marmalade signs partnership with Trakm8





Trakm8, the AIM-listed telematics and data provider to the global market place,is pleased to announce it has been awarded a contract by Marmalade, the specialist provider of cars and insurance for young drivers. The initial contract order is valued at £1 million which will be realised within the next financial year.



Established in 2006 and with over 50,000 customers, Marmalade will be provided with Trakm8's recently launched T10 hardware as well as its telematics data services. The contract will support Marmalade's New Driver Insurance product, a telematics-based insurance scheme for young drivers aged between 17 and 25. New Driver Insurance is also used for Marmalade's Fuel & Go, a scheme that offers young drivers from the age of 17 a brand new car with 12 months' free insurance from as little as £175 per month.



This is another significant insurance company to choose Trakm8 for telematics devices and data services.



John Watkins, Executive Chairman of Trakm8 commented:

"We are delighted to have Marmalade as a new insurance customer. To have another insurance company selecting Trakm8 as a telematics partner is a validation of our insurance solution offering, and reflects the extensive research and development programme Trakm8 have undertaken to be the best partner in the industry."



Nick Moger, Chairman of Marmalade commented:

"Following a thorough analysis of the possible suppliers, I am confident we have created a platform to provide even better service options for our customers using Trakm8's superior telematics offering. We are particularly pleased as Trakm8 offers British manufacturing facilities, which is an important factor for our business as we gear up for further growth in the coming year."





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/////////////////////////////////////////////////////////////////////////////////////////////////


12 Feb finnCap 100.00 Corporate

Trakm8 Holdings PLC (TRAK:LSE) set a new 52-week high during today's trading session when it reached 107.32. Over this period, the share price is up 98.74%.

Simon T of IC -My fair value target price is 120p, or the equivalent of 15 times fisical 2016 earnings estimates.

Trakm8 achieves service & manufacturing milestones
RNS
RNS Number : 3383H
Trakm8 Holdings PLC
13 March 2015

13 March 2015


TRAKM8 HOLDINGS PLC



("Trakm8" or the "Group")



Trakm8 achieves milestones in service and manufacturing capabilities





Trakm8, the AIM-listedtelematics and data provider to the global market place,is pleased to announce it reached over 100,000 units reporting to its servers for the first time in the Group's history, since formation in 2001.



Reaching this service milestone is an important step for the Group as it builds its network of customers across the UK and internationally. During this financial year Trakm8 is anticipated to manufacture and ship over 95,000 units, another record achievement for the Group, which will be facilitated via its West Midlands factory, BOX Telematics ("BOX") acquired 18 months ago.



In response to this landmark achievement and rapidly increasing demand from insurance, fleet management and integrator customers, Trakm8 has made a circa £300,000 investmentto extend the Group's existing facilities at BOX. The investment into a new surface mount assembly line, which will be installed in the next few weeks, will provide the Group with a solid base from which it can service the significant increase in volumes expected during the course of the next year and beyond.



John Watkins, Executive Chairman of Trakm8 comments:

"This marks a significant milestone in Trakm8's history and reflects the growing demand from our fleet, insurance and integrator customers. Furthermore, this investment represents the next stage of our development of the BOX manufacturing facilities in order to meet our customers' expectations for efficient delivery of high quality telematics products.



"Trakm8 has been focused on increasing the number of units reporting to the servers as part of its strategy to increase service revenues, and I am pleased to see the Group is building on this solid financial platform."



-ends-

13 Mar finnCap 115.00 Corporate

Trading Statement
RNS
RNS Number : 0479L
Trakm8 Holdings PLC
23 April 2015



23 April 2015

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Year End Trading Update

Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to provide a positive update on trading for its financial year ended 31st March 2015.

Highlights

· Group revenues up c.95% year on year

· Annualised recurring revenue up 60% to £7.3m

· Trakm8 orders received up 38% year on year (like for like basis)

· Trakm8 revenues up 73% year on year (like for like basis)

· Strong traction in new contract wins announced in recent months

Trading

Trading for the year ended 31 March 2015 has been in line with the Board's expectations, with strong growth in revenues and profits compared to the prior year. Revenue for the new financial year ending 31 March 2016 is now expected to be ahead of previous management expectations, with profits comfortably ahead of previous management expectations.

Like for like orders (not including BOX business as this was owned for just five months of last year) received during the period were 38% higher than the previous year. Revenues on a like for like basis were 73% higher than last year.

The result at BOX was positively impacted by the integration of £1.8m manufacturing build of telematics devices for Trakm8. This followed the introduction of the T10 and the increased capacity at BOX with a new surface mount pcb line.

When we announced the half year results in December 2014, we reported a strong pipeline of opportunities under trial. It is pleasing to note that we have secured a number of these, which have been announced in recent months. We continue to maintain a strong stream of new opportunities some of which we would expect to convert over the coming months.

We achieved the landmark figure of exceeding 100,000 units reporting to our servers during the year and just over 96,000 units were built and shipped in the financial year as a whole. As a result the recurring revenues increased strongly with annualised March figures 60% up on the previous year at £7.3m

The Group has continued to expand its internal resources in most functions but particularly in design, development and data analysis. Sales and marketing has been strengthened along with the customer support team. Manufacturing investment for increased capacity and quality has been continuing. Net cash at 31 March 2015 stood at £0.6m.

Outlook

The outlook for the new financial year continues to be positive. Recent contract wins and the continuous increase in devices reporting to our servers means that the Group expects to achieve another strong trading performance in the new financial year. The Board now expect revenue for the new financial year ending 31 March 2016 to be ahead of its previous expectations, with profits also comfortably ahead of previous expectations.

Notice of Results

The Group expects to announce its final results for the year ended 31 March 2015 in early July 2015.

John Watkins, Executive Chairman of Trakm8 commented:

"Trakm8 has started to deliver on its potential, with excellent products and solutions, a very strong growth in the installed base, and a widening of the customer base achieved during the last financial year. The investment in resources to capitalise on the opportunities in the M2M and Big Data space is paying off and we expect to be able to continue the improvement in shareholder value."



- ends-

23 Apr finnCap 120.00 Corporate

TrakM8 set to beat expectations

By Jonathan Jones

April 23 2015, 10:51am
Trakm8’s monitoring and tracking services allows companies to track deliveries and their vehicles.



Trakm8 (LON:TRAK) almost doubled sales last year and looks set to smash expectations for this year.

In a very bullish update, the telematics and data provider said comparable revenues were 73% higher in the year to March with recurring revenue rising to £7.3mln, 60% higher than last year.

The company also now expects results to be ahead of expectations in the current financial year.

Trakm8’s monitoring and tracking services allows companies to track deliveries and their vehicles.

John Watkins, executive chairman said: “Trakm8 has started to deliver on its potential, with excellent products and solutions, a very strong growth in the installed base, and a widening of the customer base achieved during the last financial year.”

Broker finnCap said the company had delivered “an excellent trading update” citing recent contract wins and growing monthly revenue as reasons for optimism.

“We are therefore upgrading both our revenue and earnings forecasts for 2016 and lifting our target price to 120p” the broker said.

The news will delight patient shareholders who have seen the share price dip as low as 10p since its listing on AIM in 2005.

Its share price has been creeping back up since 2013 and is now higher than its listing price.

Shares jumped almost 20% today to 115p.

ST of IC today -In the circumstances, I have raised my target price from 120p to 135p, the all-time high dating back to May 2006, and a price level I feel would be warranted if Tramkm8 manages to post EPS of around 10p in the current financial year, or 10 per cent above finnCap's estimates. I would not bet against that possibility given the strong order momentum, high recurring revenue stream and scope for the pipeline to be converted into further contracted orders. My advice is to use the minor pull-back from last week's intra-day high of 125p to the current bid-offer spread of 115p to 117p as a buying opportunity.

ST of IC today - In fact, I believe the odds are firmly skewed to the company reporting yet another positive trading update alongside full-year results in early July, and analysts being forced to upgrade their numbers yet again. For instance, a modest 3 per cent revenue upgrade to Mr Daniel’s current year sales forecast would lead to a profit upgrade three times greater due to the operational gearing of Trakm8’s business to deliver EPS around 10p. In the circumstances I would run your bumper 44 per cent paper profits and await further news of contracts wins and possible earnings upgrades. Run profits.

Trakm8, the telematics and data provider to the global market place, will be announcing its final results for the year ended 31 March 2015 on Monday, 6 July 2015.

Acquisition and Directorate Change
RNS
RNS Number : 2379Q
Trakm8 Holdings PLC
16 June 2015

16 June 2015


TRAKM8 HOLDINGS PLC



("Trakm8" or the "Group")



Camera Product and Technology Acquisition

and

Directorate Change



Trakm8, the AIM-listedtelematics and data provider to the global market place,is pleased to announce it has acquired the business and assets of DCS Systems Ltd ("DCS") for a cash consideration of £3.3 million (the "Acquisition").



Acquisition

DCS specialises in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. DCS trades under three main brands: RoadHawk, Dogcam and Lawmate.



The Acquisition is in line with Trakm8's strategy of augmenting its organic growth with selective acquisitions that expand its telematics offering to both insurance and fleet customers. Cameras are being increasingly used in a wide range of applications, including a significant demand for forward facing vehicle cameras to record driving incidents and to mitigate the risk from 'crash for cash' accidents. Trakm8 has an existing relationship with DCS, supplying some Trakm8 customers with its RoadHawk cameras.



DCS's last unaudited accounts for its financial year ending 30 April 2015 reported revenues of £2.8 million and profit before tax of £0.6 million. Trakm8 funded the Acquisition from its existing cash and bank facilities. Trakm8 has also obtained a further debt facility from HSBC Bank of an additional £2 million taking the total debt facility to £5.7 million, of which £3.7 million is now drawn down following the Acquisition. DCS will continue to be based in Bodmin, Cornwall and has six staff.



The Acquisition is expected to be immediately earnings enhancing.



Directorate change



Reflecting the strong growth of the Group, Trakm8 is also pleased to announce a strengthening of the Board of Directors with three new appointments. These are expected to enhance its corporate governance and ensure it has the management team to implement its growth plans and integrate acquisitions successfully.



Bill Duffy is joining the Board as an additional independent Non-Executive Director. Bill has considerable commercial experience having been CEO of Andrew Page, Halfords Autocentres and a number of other leading automotive aftermarket companies. He has also been a consultant to the Board over the past 12 months.



In addition Trakm8 is appointing two executives to be Directors of the Group: Sean Morris, as Group Engineering Director and Mark Watkins as Group Operations Director. Sean joined the Group six months ago following senior engineering positions at Continental UK, RAC and Aston Martin. Mark joined the Group 15 months ago as the Managing Director of BOX Telematics following a successful career in IT and operations at Continental UK and Ford Motor Co.



John Watkins, Executive Chairman of Trakm8 comments:

"The acquisition of DCS marks another significant milestone in Trakm8's growth strategy and reflects the growing demand from our fleet and insurance customers for camera applications. We plan to deepen the integration of the camera technology into our telematics solutions for both our fleet and insurance clients.



"Video data is increasingly used to monitor behaviour and to replay outcomes. The increase in the richness of the data generated by our telematics solutions will continue the trend of the increasing value for money in our propositions."





The following information regarding William Kenneth Duffy's (aged 56) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:
Within the last five years:

Econnect Cars Limited

Pangburn Consultants Limited


Andrew Page Limited

Camberley Auto Factors Limited

Halfords Autocentres Limited

Halfords Autocentres Acquisitions Limited

Halfords Autocentres Developments Limited

Halfords Autocentres Funding Limited

Halfords Autocentres Holdings Limited

NW Autocentres Limited

Oldco 1 Limited

Parts Direct Limited

Stop n'Steer Limited




Mr Duffy owns 20,000 Ordinary Shares in the capital of Trakm8.



The following information regarding Sean Anthony Morris' (aged 50) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:
Within the last five years:

n/a


n/a


Mr Morris does not own any Ordinary Shares in the capital of Trakm8.



The following information regarding Mark Richard Watkins' (aged 34) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:
Within the last five years:

Box Telematics Ltd


Watnets


Mr Watkins owns 250,128 Ordinary Shares in the capital of Trakm8.

There are no further disclosures to be made under Schedule 2g of the AIM Rules for Companies.



-Ends-

16 Jun finnCap 185.00 Corporate