Tracsis PLC (TRCS)

See 9 October blog for Tracsis.


End of year results (July 2013), released a week ago. Share price down from £2.10 to £1.88. Why did its share price drop? Tracsis’s net profit was down from 34% last year to 23% this year. However, within the 23% was the purchase of Sky High in April 2013 – an Australian data capture company – for just over £3 million.

Tracsis, however, have increased sales to just over £10 million a year, and, after the purchase of Sky High, Tracsis remain debt free. Sky High provide a more prominent presence in Australia, and Tracsis have recently increased sales in New Zealand.

The Chairman and a director of Tracsis have stood down to allow ‘new faces to take them through the next phase of growth’ – the Director mentioned above remains with Tracsis part-time. The points mentioned in early October still stand and with the recent drop in share price Tracsis is possibly an even better buy opportunity but don’t delay!

Published by Day Trader

I flew fast jets for 30 years of my life. I've traded full-time, more or less, for the last ten years, initially from fundamentals and over the last few years as a dedicated day trader. I live on the North Norfolk coast.

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