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Tracsis: full steam ahead

Recent acquisitions and investment should benefit future reporting periods
Tracsis: full steam ahead

Last year, 1.7bn rail journeys were taken in the UK, while passenger numbers are set to double over the next quarter century. Meanwhile, the Department for Transport forecasts road traffic in England Wales to grow between 17 and 51 per cent from 2015 to 2050. As more people try to get from A to B, the pressure is on the companies responsible for running journey routes to become ever more efficient.

IC TIP: Buy at 670p
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points

Major five-year contract win
Strategic acquisitions driving growth
Strong cash generation with zero debt
Small but growing dividend

Bear points

Acquisition integration risk
Vulnerable to government funding cuts

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