Trakm8 Holding (AIM:TRAK) – very much on track

The other (check out Quartix as well) high flying AIM listed telematics and data supplier has announced an agreement to supply a major USA based data company with its T10 BLE (Bluetooth™ Low Energy) devices.

The Trakm8 T10 BLE communicates with mobile phones via Bluetooth relaying real-time journey data to the registered device.

This new client is expected to purchase over 25,000 devices during the first two years of the contract agreement and is a further sign of the small group’s growing global presence.

There is no change to forecasts with the house broker forecasting pre-tax profit of £3.4m and adjusted eps of 11p for the year ending March 2016. This suggests a fairly rich 22x current year multiple, falling to approx. 16x for March 2017, however, this little business continues to impress