Tracsis (TRCS)

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785.00p
   
  • Change Today:
    -45.00p
  • 52 Week High: 835.00
  • 52 Week Low: 585.00
  • Currency: UK Pounds
  • Shares Issued: 28.82m
  • Volume: 20,943
  • Market Cap: £226.24m

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Tracsis trades in line with expectations in first half

By Josh White

Date: Monday 04 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Traffic data and transportation software and services provider Tracsis updated the market on its trading for the six months ended 31 January on Monday, reporting that group trading for the half-year was in line with management expectations.
The AIM-traded firm said group revenues were expected to be ahead of the previous year at around £19m, compared to £18.1m, while EBITDA and adjusted profit were also expected to be higher.

It said it was pleased to have completed the acquisitions of both Compass Informatics and Cash & Traffic Management in January, with the full six-month impact coming in the second half of the financial year.

The directors said they believed both acquisitions were "highly complementary" to its traffic and data services division, with "good potential" for further growth in the coming years.

As at 31 January, group cash balances remained "strong" at £18.7m, up from £18.5m year-on-year, which the board said reflected continued "excellent" cash generation.

"This is after the cash outflow in respect of acquisitions made and the final contingent consideration in respect of the Ontrac acquisition from 2016," the Tracsis board said in its statement.

"General trading across the group remained busy throughout the first half.

"In January, the group announced a significant five-year framework agreement with a major train owning group for its TRACS Enterprise product."

Tracsis said that roll out was well underway, with revenues from the contract expected to be realised in the second half of the financial year and beyond.

It said its RCM offering experienced "positive" trading conditions, with Ontrac securing a multi-year software deal at Crossrail and TCS awarded a new multi-year contract for its delay repay offering.

"Our traffic and data services division traded in line with expectations and will benefit significantly from the Compass and CTM acquisitions in the second half and beyond.

"In line with our product road map, the group continues to invest in our technology stack and is making excellent progress developing the next generation of planning products for the transport industry.

"The group's pipeline of acquisition opportunities remains strong."

As it had previously announced, Chris Barnes - chief executive officer designate - joined Tracsis on 4 February, with the board saying the transitioning process from John McArthur was "well underway", and proceeding to plan.

Tracsis said its interim results would be announced on 10 April.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tracsis Market Data

Currency UK Pounds
Share Price 785.00p
Change Today -45.00p
% Change -5.42 %
52 Week High 835.00
52 Week Low 585.00
Volume 20,943
Shares Issued 28.82m
Market Cap £226.24m

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.19% below the market average97.19% below the market average97.19% below the market average97.19% below the market average97.19% 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
78.93% above the market average78.93% above the market average78.93% above the market average78.93% above the market average78.93% above the market average
75.41% above the sector average75.41% above the sector average75.41% above the sector average75.41% above the sector average75.41% above the sector average
Income
92.55% below the market average92.55% below the market average92.55% below the market average92.55% below the market average92.55% 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
46.22% above the market average46.22% above the market average46.22% above the market average46.22% above the market average46.22% 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 24-Feb-2020

Time Volume / Share Price
14:55 2,775 @ 785.00p
14:52 287 @ 771.50p
14:45 252 @ 792.00p
14:11 714 @ 771.50p
14:09 207 @ 771.50p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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