Announcement • Jul 09
Omegro completed the acquisition of Trakm8 Holdings PLC (AIM:TRAK) from Microlise Group plc (AIM:SAAS), Edric Property & Investment Company, Richard Louis Stephenson Clarke, Edmund John Stephenson Clarke and others. Omegro reached an agreement to acquire Trakm8 Holdings PLC (AIM:TRAK) from Microlise Group plc (AIM:SAAS), Edric Property & Investment Company, Richard Louis Stephenson Clarke, Edmund John Stephenson Clarke and others for £4.75 million on May 1, 2025. Under the terms, each Trakm8 Shareholder will 9.5 pence per share in cash. The consideration will be financed through existing cash resources of CSI (parent of Omegro). Pursuant to the agreement, John Watkins will step down from his role as Trakm8's Executive Chairman and as an officer of Trakm8. As of May 21, 2025, Trakm8 Directors recommend unanimously that Trakm8's Shareholders vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting as the Trakm8 Directors have irrevocably undertaken to do in respect of their own beneficial holdings (and the beneficial holdings of their close relatives and related trusts), being, in aggregate, 11,549,793 Trakm8 Shares (representing approximately 23.11% of the existing issued ordinary share capital of Trakm8) as at April 30, 2025. As of June 19, 2025, shareholder of Trakm8 Holdings approved the acquisition.
The Transaction is subject to approvals from Trakm8 Shareholders, Court approval, Regulatory approval and Anti trust approval. The transaction is expected to become effective during the second or third quarter of the calendar year 2025. The High Court of Justice in England and Wales sanctioned the scheme of arrangement on July 7, 2025.
Vivek Bhardwaj and David Hart of Allenby Capital Limited acted as financial advisor, Wansbroughs LLP is acting as legal adviser and Neville Registrars acted as registrar to Trakm8. Angus MacPherson of Herax Partners LLP acted as financial advisor to Omegro. Fox Williams LLP is acting as legal adviser to Omegro. The aggregate fees and expenses expected to be incurred by Omegro in connection with the Acquisition (excluding any applicable VAT and other taxes) are estimated to be approximately for Financial Advice of £0.29 million, Legal Advice of £0.43 million, Accounting Advice of £0.04 million and Other Professional Services of £0.04 million. The aggregate fees and expenses expected to be incurred by Trakm8 in connection with the Acquisition are expected to be approximately for Financial Advice of £0.26 million, Legal Advice of £0.18 million, and Other Professional Services of £0.03 million.
Omegro completed the acquisition of Trakm8 Holdings PLC (AIM:TRAK) from Microlise Group plc (AIM:SAAS), Edric Property & Investment Company, Richard Louis Stephenson Clarke, Edmund John Stephenson Clarke and others on July 9, 2025. Announcement • Jul 08
Trakm8 Holdings to be Delisted from AIM Following Acquisition by Brillian UK Limited On 1 May 2025, the boards of directors of Brillian UK Limited and Trakm8 Holdings plc ("Trakm8"), announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Brillian UK for the entire issued, and to be issued, ordinary share capital of Trakm8 (the "Acquisition"). The Acquisition is being effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), full details of which were sent, or made available, toTrakm8 Shareholders in the circularsent on and dated 21 May 2025(the "Scheme Document"). On 19 June 2025, the Scheme was approved by the requisite majority of Scheme Shareholders at the Court Meeting and the Resolution relating to the implementation of the Scheme was approved by the requisite majority ofTrakm8Shareholders at the General Meeting. Sanction of the Scheme. Trakm8 announced that the High Court of Justice in England and Wales has sanctioned the Scheme pursuant to which the Acquisition is being implemented. It is anticipated that the Effective Date of the Scheme will be 9 July 2025, which is when a copy of the Court Order is expected to be delivered to the Registrar of Companies (together with a copy of the Scheme and all documents required to be annexed thereto). Next steps: The last day of dealings in, and for the registration and transfer of, and disablement in CREST of, Trakm8 Shares is expected to be 8 July 2025. The Scheme Record Time is expected to be 6.00 p.m. on 8 July 2025. An application has been made for the suspension of trading in Trakm8 Shares on AIM, and such suspension is expected to take effect at 7.30 a.m. on 9 July 2025. The cancellation of Trakm8 Shares from admission to trading on AIM has also been applied for and will, subject to the Scheme becoming Effective, take effect at 7.00 a.m. on 10 July 2025. On the Effective Date, share certificates in respect of Scheme Shares will cease to be valid documents of title and entitlements to Scheme Shares held in uncertificated form in CREST will be cancelled. New Risk • Mar 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (UK£1.37m market cap, or US$1.79m). Announcement • Mar 19
Trakm8 Holdings PLC Provides Revenue Guidance for the Full Year 2025 Trakm8 Holdings PLC provided revenue guidance for the full year 2025. As a result, the board now expects revenues for full year 2025 to be just under 10%. lower than that those reported for the financial year ended 31 March 2024, with a consequential impact on profitability. Reported Earnings • Dec 07
First half 2025 earnings released: EPS: UK£0.003 (vs UK£0.002 in 1H 2024) First half 2025 results: EPS: UK£0.003 (up from UK£0.002 in 1H 2024). Revenue: UK£8.31m (down 2.6% from 1H 2024). Net income: UK£140.0k (up 28% from 1H 2024). Profit margin: 1.7% (up from 1.3% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Aug 24
Trakm8 Holdings PLC, Annual General Meeting, Sep 19, 2024 Trakm8 Holdings PLC, Annual General Meeting, Sep 19, 2024. Location: offices at roman park, roman way, west midlands b46 1hg, coleshill United Kingdom Reported Earnings • Jul 30
Full year 2024 earnings released: UK£0.024 loss per share (vs UK£0.016 loss in FY 2023) Full year 2024 results: UK£0.024 loss per share (further deteriorated from UK£0.016 loss in FY 2023). Revenue: UK£16.1m (down 20% from FY 2023). Net loss: UK£1.21m (loss widened 55% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Jun 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£4.00m market cap, or US$5.09m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. New Risk • Mar 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£4.50m market cap, or US$5.66m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 26
First half 2024 earnings released: EPS: UK£0.002 (vs UK£0.036 loss in 1H 2023) First half 2024 results: EPS: UK£0.002 (up from UK£0.036 loss in 1H 2023). Revenue: UK£8.54m (down 5.3% from 1H 2023). Net income: UK£109.0k (up UK£1.89m from 1H 2023). Profit margin: 1.3% (up from net loss in 1H 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Trakm8 Holdings plc Announces the Resignation of Penny Searles from the Board of Directors Trakm8 Holdings plc announced that Penny Searles has resigned from the Board of Directors with immediate effect to concentrate on her other business interests. The board will commence the process for sourcing and appointing a new non-executive director in the coming months. Announcement • Aug 25
Trakm8 Holdings PLC, Annual General Meeting, Sep 21, 2023 Trakm8 Holdings PLC, Annual General Meeting, Sep 21, 2023, at 09:00 Coordinated Universal Time. Location: Roman Park, Roman Way, Coleshill, B46 1HG West Midlands United Kingdom Announcement • Jul 06
Trakm8 Holdings plc Provides Earnings Guidance for the First Half, Second Half and for the Full Year 2024 Trakm8 Holdings PLC provided earnings guidance for the first half, second half and for the full year 2024. For the first half, the company expected to be in line with prior year but with lower operating costs. For the second half, the company expected strong second half revenues, including from a significant software contract. For the full year, the company expected to continue trend of improved performance with strong second half revenues, including from a significant software contract. Reported Earnings • Jul 04
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: UK£0.016 loss per share (down from UK£0.004 profit in FY 2022). Revenue: UK£20.2m (up 12% from FY 2022). Net loss: UK£783.0k (down UK£970.0k from profit in FY 2022). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Jun 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£7.50m market cap, or US$9.43m). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Dec 08
First half 2023 earnings released: UK£0.035 loss per share (vs UK£0.005 profit in 1H 2022) First half 2023 results: UK£0.035 loss per share (down from UK£0.005 profit in 1H 2022). Revenue: UK£9.01m (flat on 1H 2022). Net loss: UK£1.78m (down UK£2.05m from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target increased to UK£0.38 Up from UK£0.29, the current price target is provided by 1 analyst. New target price is 149% above last closing price of UK£0.15. Stock is down 44% over the past year. The company is forecast to post a net loss per share of UK£0.004 compared to earnings per share of UK£0.0037 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Penny Searles was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: UK£0.004 (vs UK£0.025 loss in FY 2021) Full year 2022 results: EPS: UK£0.004 (up from UK£0.025 loss in FY 2021). Revenue: UK£18.1m (up 14% from FY 2021). Net income: UK£187.0k (up UK£1.42m from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 17%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target increased to UK£0.56 Up from UK£0.48, the current price target is provided by 1 analyst. New target price is 220% above last closing price of UK£0.17. Stock is up 4.5% over the past year. The company posted a net loss per share of UK£0.025 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Penny Searles was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 20
First half 2022 earnings released: EPS UK£0.005 (vs UK£0.015 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£9.02m (up 23% from 1H 2021). Net income: UK£273.0k (up UK£1.01m from 1H 2021). Profit margin: 3.0% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Executive Departure • Oct 07
CFO, Group Finance Director, Company Secretary & Director Jonathan Furber has left the company On the 30th of September, Jonathan Furber's tenure as CFO, Group Finance Director, Company Secretary & Director ended. As of June 2021, Jonathan still personally held 596.50k shares (UK£98k worth at the time). Jonathan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.08 years. Reported Earnings • Jul 01
Full year 2021 earnings released: UK£0.025 loss per share (vs UK£0.022 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£16.0m (down 18% from FY 2020). Net loss: UK£1.24m (loss widened 13% from FY 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Trakm8 Holdings plc Receives Long Term Contract to Deploy over a 1,000 RH600 Integrated Telematics and Cameras Systems to the Parts Alliance Group Trakm8 Holdings plc announced that it has been awarded a long term contract to deploy over a 1,000 RH600 integrated telematics and cameras systems to The Parts Alliance Group. Trakm8 will supply the full fleet management and driver behaviour solutions based on Insight, the Group's leading analytics and data platform. Announcement • Nov 24
Trakm8 Holdings plc Provides Update on Earnings Guidance for the Fiscal Year 2021 Trakm8 Holdings plc provided update on earnings guidance for the fiscal year 2021. the company announced that due to the second lockdown there is a softening in the market and increased uncertainty that means the Group is still not able to provide guidance for the full financial year at this time.