From a share price of around 19.5p 3 years ago TRAK has gone to 255p today.
This is a smart little telematics solution which calculates driving behaviour scores and fuel economy across the fleet or individual vehicles which can save up to 20% on fuel costs. The drivers behaviour is based on braking,cornering,acceleration, throttle usage, speeding and over revving with the Trak8 eco device which is mounted on the dashboard.
This encourages the drivers to be safer and drive with more fuel efficient practice.
The AA and Direct Line are using it. A new 25,000 unit US order for T10 BLE has been secured on 29/10/2015. The black box telematics unit allows the vehicles to be tracked and monitored.
If this can save fuel and make drivers safer then insurance premiums could be reduced as a double wammey too! No doubt there is some competition out there, but it has huge potential
Stockopedia rankes TRAK at 65 with a healthy 88 momentum ranking,however value is only 10. The 50 day MA is 19.9 & 200 day MA is 61.9. It qualifies for 2 screens, Jim Slater Zulu and William O' Neil Can Slim.
Net profit 2013 £0.16M, 2014 £0.48M,2015 £1.69M.
ROE 27.9
Sales growth 41.4%
Cash £3.41M
Operating margin has increased over 10x from 3 years ago to 9.9% now
PS It is made in Britain & Box Telimatics has over 25 years experiance in the industry.
