Energeticbacker
- 26 Jun 2012 09:57
The developer, supplier and aggregator of resource optimisation, data capture and reporting technologies to the transport industries has provided more detail to its previous announcement of 1st June 2012, with results for the year ending 31st July 2012 now expected to significantly exceed current market expectations.
http://www.investorschampion.com/research/company/tracsis-plc
dreamcatcher
- 03 Dec 2015 21:28
- 26 of 29
Broker Forecast - Investec issues a broker note on Tracsis PLC
Investec today reaffirms its buy investment rating on Tracsis PLC (LON:TRCS) and raised its price target to 530p (from 506p). Story provided by StockMarketWire.com
07:48 02/12/2015
Tracsis acquires Ontrac Ltd and Ontrac Technology Ltd
Tracsis has acquired the entire issued share capital of Ontrac Limited and Ontrac Technology Limited, these companies together known as Ontrac. As a result of this acquisition, it is expected that the Group will exceed current market forecasts for the year ending 31 July 2016. The acquisition...
07:12 02/12/2015
FLASH: Tracsis acquires Ontrac Ltd and Ontrac Technology Ltd
Story provided by StockMarketWire.com
dreamcatcher
- 30 Dec 2015 19:47
- 27 of 29
How-have-Questors-share-tips-for-2015-fared.
Tracsis +29pc
Tracsis [LON:TRCS] was our riskier smallcap play and we liked it because we think it has developed technology which the UK needs. The company provides computer systems that ensure the efficient running of transport networks. The growth opportunity looks good as UK rail and road networks strain under increasing pressure.
The company announced a number of small deals this year including snapping up SEP Events, which manages traffic control for events such as the Silverstone Grand Prix, for up to £2.6m. The company reported adjusted pre-tax profits up 16pc, to £5.8m, for the 12 months to the end of July.
The shares gained 29pc this year, and are now trading on 24 times the forecast earnings per share of 17.8p.
dreamcatcher
- 12 Nov 2016 20:32
- 28 of 29
Final results Thurs 17 Nov
dreamcatcher
- 17 Nov 2016 15:43
- 29 of 29
Final Results
RNS
RNS Number : 3979P
Tracsis PLC
17 November 2016
Date:
17 November 2016
On behalf of:
Tracsis plc
Embargoed until 0700hrs
Tracsis plc
('Tracsis', 'the Company' or 'the Group')
Audited results for the year ended 31 July 2016
Tracsis plc (AIM: TRCS), a leading provider of software and services for the traffic data and transportation industry, is pleased to announce its audited results for the year ended 31 July 2016.
Financial Highlights:
· A further period of solid trading across the Group
· Revenue increased 29% to £32.6m (2015: £25.4m), which is ahead of original market expectations
· Adjusted EBITDA increased 17% to £7.6m (2015: £6.5m)
· Adjusted Pre-tax Profit1 increased 18% to £6.9m (2015: £5.8m)
· Fully diluted adjusted2 Earnings Per Share increased 22% to 22.37p (2015: 18.32p)
· Cash balances at 31 July of £11.4m (2015: £13.3m) following acquisitions and investments - highly cash generative with operating cash generation of £7.0m and the Group continues to be debt free
· Final dividend of 0.7p per share proposed. Full year dividend increased 20% to 1.2p per share (2015: 1.0p)
Strategic and Operational Highlights:
· Acquired businesses bedding in well and provided a positive contribution to Group revenues in the period
o Acquisition of event traffic management specialists SEP Limited ('SEP') completed September 2015, which delivered a record year of trading, bolstered by a busy summer calendar and several intra-Group technology initiatives
o Acquisition of software development and hosting business Ontrac Limited ('Ontrac') completed December 2015, which secured several major orders secured for its software products, hosting and bespoke development work
· Strategic investments made:
o Mobile analytics firm Citi Logik Limited ('Citi Logik') made September 2015
o Mobile applications business Nutshell Software Limited ('Nutshell') made July 2016
· First sales achieved following investment in new software products TRACS Enterprise and Bugle Day One, provides opportunity to roll out to current clients
Post period end highlights:
· Significant order secured with a North American Class 1 railroad operator for Remote Condition Monitoring (RCM) hardware and software, illustrating that Tracsis has the capability and product set to address this large overseas market opportunity
John McArthur, Chief Executive Officer, commented:
"Having put in place solid foundations at the beginning of the year with the Group's transactions and investments, the focus in the second half has been one of delivery. As a result the Group has achieved another set of positive results with strong growth in revenue and profitability. These results include our most active transactional period to date with the acquisitions of SEP and Ontrac, both of which are trading well and have further bolstered our positive performance, and a further two investments completed. The result of these acquisitions made during the period, combined with good progress on new software development, has led to the Tracsis offering being significantly enhanced in terms of breadth and depth."
1 Profit before tax, plus amortisation, share based payments and exceptional items
2 Adjusted for amortisation, share based payments and exceptional items
Both the above metrics are used in research coverage on Tracsis and included for clarity for the benefit of shareholders.