Market's view on T42 Iot Track.
Published on April 2024
- Stock watchers are skeptical about the company’s financial position, suggesting it may be preparing for a new cash or loan raise due to insufficient profit.
- The company’s issuance of shares at no additional cost to lenders is seen as likely to lead to further share price dilution.
- Concerns are raised regarding the company’s viability due to low turnover and ongoing financial losses, questioning its ability to repay loans and avoid administration.
- The effectiveness and utility of the company’s satellite communication solutions for shipping containers are doubted, with comparisons unfavorably drawn against larger, established players like Iridium and Inmarsat.
- Skepticism is shown towards the announced collaboration with Sateliot, with comments that previous announcements have not led to significant business improvements or credible operations.
- Doubts are cast on the practicality and technical feasibility of the company’s claims about satellite-based tracking technologies in the logistical context.
- There is a general lack of confidence in the company’s board and management, highlighted by concerns over continuous poor performance and lack of significant customer engagement or contracts.