
NEWSFLOW
Tracsis (#TRCS) – H1 growth “in line with the board's expectations”, though cash down to c.£17m
- 2023-02-23 07:58:16
Provider of technology and services to the rail, traffic data and wider transport industries Tracsis (TRCS) states that it is “pleased to provide” a trading update for its year ended 31st July 2022, with “group revenue is expected to have increased to c.£69.0m (2021: £50.2m)… expects adjusted EBITDA to be ahead of market expectations”. So what of a current approaching 4% higher share price response to 1050p?
Tracsis (TRCS) states that it is “pleased to provide” a trading update for its year ended 31st July 2021, and it includes “a strong end of year recovery” and “anticipate further recovery in activity levels through Q1 of FY 21/22, supported by the recently announced Government-backed insurance scheme for the live events sector”. So why are the shares currently slightly lower in response, at 1020p?...
Previously writing on transport industries technology provider Tracsis (TRCS), in August as the shares rose to 640p I concluded that I continued to consider the valuation high at that juncture, based on the suggested numbers and continuing uncertainty, and thus still avoided. The shares previously closed at 658p, before today a trading update...
Transport industries technology provider Tracsis (TRCS) “is pleased to provide… trading update for the year ended 31 July 2020” – and the shares have currently responded to 640p, more than 11% higher...