Tracsis’s (TRCS) shares were marked up by around 6 per cent on the back of a reassuring trading update. For the year to July 2019, the group – a software and hardware provider for the rail, traffic data and other transport industries – anticipates that revenues, cash profits and adjusted operating profits will be in line with market expectations. It cites such expectations as £46.7m, £10.4m and £9.6m, respectively.
IC TIP:
Buy
at
630p
While trading for the 12 months was positive overall, the second half was particularly strong. Year-end cash balances sat at around £24m – up from £22.3m – even after channelling funds towards three acquisitions and the payment of contingent consideration. The group has no debt.
