UK 12:00 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The real reason that shares in TrakM8 (TRAK) are going to crash is that whatever bull it spouts about earnings and profits it simply does not generate any meaningful free cashflow as I demonstrated yesterday HERE as I also showed what a duff deal the Monkey purchase was. But in order to give the impression of growth, companies like this always have to do lots of acqusitions so now let us look at the purchase of DCS Systems announced - with another lie - on 16th June 2015 about a month before directors dumped 1.22 million shares at just 157p.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Clarification
You mentioned in yesterdays bearcast that you had ‘sheaves of stuff’ on Trakm8 sent from an anonymous bear that is truly fascinating. Is this the extent of the ‘sheaves’?
TW: NoDrunken Sailor
Amazon reviews of Road Hawk are a bit variable:
HTTP://www.amazon.co.uk/product-reviews/B00B11WQ22/ref=cm_cr_dp_see_all_btm?ie=UTF8&showViewpoints=1&sortBy=recent
It is one of the more expensive products of its type on the market. Seems they may have some quality control issues. When it works and all the right bits come people seem quite pleased, but quite a lot seem to be coming faulty or failing after a short time. It does not look like there are any faked reviews here, unlike GBO and INTQ.
Simple Moving Avarice
From the accounts it looks like the intangible assets are “goodwill” – being the amount they paid for businesses acquired in 2007 and 2014 and being slowly written off. Since they also owe roughly that amount to Mark Nelson, one assumes that he sold the other business to DCS but they hadn’t paid him yet. Possibly it was “RoadHawk” which seems to be a separate business which is colocated with DCS.
Interesting article about DCS HERE. They started the company with £50 in 2007.
You can see all six DCS employees HERE. It seems to be basically an online shop.
Johan Cruft
People should concentrate on the products in this Company and they should realize that there are hundreds of outfits in the World producing these Telematics gizmo things, Companies in Japan, China, Europe and USA are all making this stuff. It´s just not a World beating product I´m afraid and that is why nothing special is going to happen with Trak.
Tom Winnifrith
Richard.
A) If I was short from before article 1 Id still be ahead
B) There is no borrow you cannot short this stock
c) I could not have been short at any stage
d) I always declare positions and NEVER short
e) So you are a laying smearing clueless wanker talking shite
f) you have not shown that anything in my allegations is untrue
g) do you have a position in TRAK to declare
h) why dot you fuck off as we dont want or need your custom hereand go talk shite with other dicksplashes on the LSE asylum where you will be among like minded folks
Best wishes
Tom
CLARIFICATION
Drunken Sailor just to note thatTrakm8 also have other products with better reviews. Their cheaper version the dc 2 appears to have very good reviews and similar specs.
SiddyG
Tom to learn more about Trakm8 you can watch this strategy presentation filmed at their AGM in September:
https://www.youtube.com/watch?v=SteJF0dm2i4
wildrides
Someones stuck a little “Fyffes” sticker on the back of your shirt ……………just saying ……