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!
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