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TrakM8 (TRAK) – 3 Years of Outstanding Growth
This is TrakM8’s third year of outstanding growth. Three years which have seen the share price rise from 20p at the end of 2013 to Fridays closing price of 266p.
Todays interim results for the 6 months to the end of September show another strong period of growth and are again, ahead of expectations. Adjusted profit before tax has risen by 89% on revenue up by 38% and EBITDA is up by 70%.
TRAK is a leader in the provision of Fleet Management and Vehicle Tracking Systems and claims to be at the cutting edge of the Telematics Industry.
Results for the year to 31st March 2015 were excellent with revenue rising by 95% and profit before tax more than quadrupling to £1.7m.
At the end of 2014 the share price stood at 89p, having more than quadrupled in the year. This year it has tripled.
The company will need to be on its toes to maintain this sort of growth. The market response this week will give a good indication as to its view. A good sign is that the order pipeline is still strong.
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