Tracsis (TRCS)

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792.50p
   
  • Change Today:
      15.00p
  • 52 Week High: 830.00
  • 52 Week Low: 585.00
  • Currency: UK Pounds
  • Shares Issued: 28.82m
  • Volume: 27,210
  • Market Cap: £228.40m

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 792.50p
Change Today 15.00p
% Change 1.93 %
52 Week High 830.00
52 Week Low 585.00
Volume 27,210
Shares Issued 28.82m
Market Cap £228.40m

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.12% below the market average98.12% below the market average98.12% below the market average98.12% below the market average98.12% below the market average
94.69% below the sector average94.69% below the sector average94.69% below the sector average94.69% below the sector average94.69% below the sector average
Price Trend
87.60% above the market average87.60% above the market average87.60% above the market average87.60% above the market average87.60% above the market average
85.12% above the sector average85.12% above the sector average85.12% above the sector average85.12% above the sector average85.12% 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
75.31% below the sector average75.31% below the sector average75.31% below the sector average75.31% below the sector average75.31% below the sector average
Growth
46.40% above the market average46.40% above the market average46.40% above the market average46.40% above the market average46.40% above the market average
38.18% above the sector average38.18% above the sector average38.18% above the sector average38.18% above the sector average38.18% 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 27-Feb-2020

Time Volume / Share Price
16:37 4,000 @ 766.50p
16:26 500 @ 795.00p
16:25 384 @ 793.75p
16:19 810 @ 776.00p
16:00 1,000 @ 785.00p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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