Tracsis (TRCS)

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610.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 695.00
  • 52 Week Low: 585.00
  • Currency: UK Pounds
  • Shares Issued: 28.79m
  • Volume: 14,338
  • Market Cap: £175.64m
  • Beta: 0.07

Tracsis' profits dip but 'much stronger' second half expected

By Duncan Ferris

Date: Wednesday 10 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Tracsis on Wednesday reported falling interim profits as rising administrative costs negated the effect of a slight climb in revenue, although the second half of the year was expected to yield a "much stronger" performance.
The transportation software provider recorded profit before tax of £2.1m for the six-month period ended 31 January, down 11% compared to the same period a year beforehand, as administrative costs climbed 16% to £9.4m, offsetting a 4% increase in revenue to £18.8m.

Tracsis had cash and cash equivalents of £18.7m at the end of the period, marginally higher than the £18.5m it registered at the same point a year beforehand, while the board proposed an interim dividend of 0.8p per share, a 14% increase.

The AIM traded company said the performance was in line with its expectations and that trading would be "much stronger" in the second half of the financial year due to the timing of traffic surveys and outdoor events taking place.

Furthermore, the second half of the year will include the impact of newly acquired systems development and data analytics company Compass Informatics Limited, which generated revenue of €4.8m and profit before tax of €0.6m in the year ended 30 September while increasing the company's Irish presence significantly.

It will also see a full contribution from Cash & Traffic Management Limited, which generated revenue of £5.5m and normalised profit before tax of £0.35m in the year ended 28 February 2018.

John McArthur, chief executive of Tracsis, said: "This was another busy period for the group and we have made good progress in delivering to our strategy of organic and acquisitive growth. We were pleased to have completed two acquisitions in the period which will benefit the second half of the financial year, and also secured a significant software contract which is strategically important for Tracsis and the wider rail industry."

Tracsis' shares were down 0.58% at 618.90p at 1220 BST.

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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 610.00p
Change Today -15.00p
% Change -2.40 %
52 Week High 695.00
52 Week Low 585.00
Volume 14,338
Shares Issued 28.79m
Market Cap £175.64m
Beta 0.07

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average
83.47% below the sector average83.47% below the sector average83.47% below the sector average83.47% below the sector average83.47% below the sector average
Price Trend
5.75% above the market average5.75% above the market average5.75% above the market average5.75% above the market average5.75% above the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Income
55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average
51.16% below the sector average51.16% below the sector average51.16% below the sector average51.16% below the sector average51.16% below the sector average
Growth
41.80% above the market average41.80% above the market average41.80% above the market average41.80% above the market average41.80% above the market average
52.14% above the sector average52.14% above the sector average52.14% above the sector average52.14% above the sector average52.14% 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 19-Nov-2019

Time Volume / Share Price
15:29 3,500 @ 615.00p
14:46 590 @ 614.50p
14:40 2 @ 605.30p
13:34 4,936 @ 615.00p
14:21 657 @ 610.66p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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