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Twitter: @blondeamon

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A private investor with a keen interest to uncover hidden opportunities in the market. Strongly believe in collaboration and research sharing among informed PIs as the goal to successful investing.

Blondeamon's Latest Blogs

Since the Group's trading update announced in September 2018 it has become clear that the improved H2 financial performance, driven by continued growth in the telematics business, will not materialise as the Group anticipated. Continuing delays in decisions by customers is preventing the return to the usual levels of success in Fleet and Optimisation, a move to a rental model in the automotive space, and…

Trakm8 Holdings (LON:TRAK) reported its full year results today and as expected it was a year of medium progress as they rebuilt the business into one consolidated unit, invested heavily in new Sales & Marketing resources as well as R&D..both of which they have plenty to show for. Oh and SaaS impact is finally over, 2018/2019 will enjoy the cash benefits of all the contracts…

Biggest contract win in company's historyTrakm8 Holdings (LON:TRAK) today announced its biggest contract to this day, providing Intelematics Australia with data, automotive diagnostics services and 4G devices (first 4G type in Australia) in the amount of 40,000 devices.Intelematics Australia is also a majority shareholder in Intelematics Europe, a Joint Venture of the biggest road clubs in Europe. So within 1 year Trakm8 has become the…

Trakm8 Holdings (LON:TRAK) released their year-end update on a Friday, missed their £32m revenue estimates and did not mention a profit. Whoever writes their RNS should clearly be benched as this was a spectacular fail on all fronts and I have emailed the CEO to complain again, as I did in the past, but it has become my belief that they truly do not care…

This is a follow up to my previous article, covering new developments with £TRAK's progress. This morning the company updated the market with an unexpected Trading Update, which I can only assume is the mark of the new CFO's (Jon Furber) way of running things from now on. The traditional September update was confined to a few words on progress without any numbers and the…

Blondeamon's Latest Comments

Nice cover above, Microlise seems like a hell of a strategic partner and it's their own CEO who joins the board of TRAK as a NED, which is very encouraging.

The company needs to advice the market on whether any covenants have been breached or not or if it's in danger of doing so. If not, the shares could jump fast and the market can be reassured. If they are, then an expedited equity placing or similar will be needed. In any case, they must inform the market sooner than later. To try and be…

Sanctions is a tricky thing, you don't want to get caught on the US list of naughty companies. It is utterly insane that all of the EU is doing business with Iran but Trump threatens retaliation for any company that goes ahead. C'est la vie.

Thank you all for the comments today, glad to see it kicked off a nice discussion.Trakm8 Holdings (LON:TRAK) is definitely not a safe bet, far from it. But I think it has not been clear that the reason they are in this mess is because they take all the financial hit to pre-make all products for their customers before the demand is there. That is…

Thanks for your comment Gromley. I doubt Lexis Nexis, one of the biggest private intelligence companies in the world is a unprofitable contract. The same for BT Fleet/EE with their B2B offering or Intelematics in Australia. These are quite significant contracts with big potential for scale. I don't doubt some contracts might be close to break even, when you build scale you get to have…

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