Trakm8 Holdings (AIM:TRAK) – still on track and looking good
The AIM listed telematics and data supplier reassured with its AGM statement. This one has been a terrific performer and many will be anticipating more good news around the corner to bring out the upgrades. The rating looks up with events, for now, but this one has a track record of exceeding expectations!
Trading in the first five months of the current financial year commencing 1 April 2015 has started well with new orders booked received at a rate 19% greater than the same period last year. Overall, Group revenues are considerably higher than last year (Revenue £18m) benefiting from higher order books and contributions from acquisitions, but you would expect that with the shares trading at 36x prior year earnings! Recurring revenues also continue to grow with 127,000 units now reporting to the Group’s servers, an increase of 24,000 since the last financial year end. A new customer contract with Bibby Distribution…