Tracsis (TRCS)

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FTSE AIM All-Share

 790.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 799.40
  • 52 Week Low: 585.00
  • Currency: UK Pounds
  • Shares Issued: 28.82m
  • Volume: 2,252
  • Market Cap: £227.68m

Tracsis wins 'significant' multi-million pound contract

By Michele Maatouk

Date: Wednesday 19 Jul 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed software and services provider Tracsis has been awarded a "significant" multi-million pound contract for the provision of its key software planning products with "a major" UK rail operator.
The contract, which includes the renewal of some existing systems already licenced by the customer, will be delivered over four years. Tracsis said that while it is significant for the company and helps to underpin its confidence for the future, the contract will not have a financial impact in the current financial year.

The award follows a comprehensive procurement process during which Tracsis was able to successfully demonstrate the functionality and value of existing software products and new innovations. Assuming the contract is fulfilled on time and to the customer's satisfaction, there should be a high degree of recurring revenue beyond the four-year period.

Tracsis said the size and materiality of the contract represents a step change in its ability to tender for and win major technology projects and should pave the way for similar sales in the future with other transport operators both within the UK and abroad.

Chief executive officer John McArthur said: "We are absolutely delighted to have secured this major contract with a long standing rail customer and look forward to delivering this project in the coming months. The size and scale of the project is significant for Tracsis and represents the wholescale change that UK transport is going through in adapting to the growing operational demands placed upon the network. This win is testament to our team and our product suite and we believe successful delivery of this project will lead to our Enterprise systems being adopted elsewhere in the fullness of time. "

At 1000 BST, the shares were up 16% to 402.73p.

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Tracsis Market Data

Currency UK Pounds
Share Price 790.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 799.40
52 Week Low 585.00
Volume 2,252
Shares Issued 28.82m
Market Cap £227.68m

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average
91.23% below the sector average91.23% below the sector average91.23% below the sector average91.23% below the sector average91.23% below the sector average
Price Trend
79.02% above the market average79.02% above the market average79.02% above the market average79.02% above the market average79.02% above the market average
73.77% above the sector average73.77% above the sector average73.77% above the sector average73.77% above the sector average73.77% above the sector average
Income
92.53% below the market average92.53% below the market average92.53% below the market average92.53% below the market average92.53% below the market average
78.05% below the sector average78.05% below the sector average78.05% below the sector average78.05% below the sector average78.05% below the sector average
Growth
45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tracsis Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Jan-20 25-Apr-19
Paid 14-Feb-20 03-May-19
Amount 1.00p 0.80p

Trades for 17-Feb-2020

Time Volume / Share Price
13:27 730 @ 799.40p
11:10 250 @ 789.00p
11:00 22 @ 780.00p
10:37 1,000 @ 780.00p
09:34 1 @ 799.40p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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