TrakM8 AGM REPORT 2017

It is a tad unusual for a company to hold its AGM in a public car park. But TrakM8 (TRAK), which provides telematic solutions to the transport and insurance industries, followed up its AGM in the car park of Coventry’s Ricoh Arena with a technology roadshow in a bid to convince investors and customers that it is a high-tech company with a future, and not just a chequered past.

TRAK, a one-time AIM growth stock, has struggled over the last 18 months as its earnings slumped, its revenue growth slowed, and its free cash flow dried up. Its shares, which had risen more than fivefold in a year to nearly £4 in late 2015, had…

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