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Tracsis – argues positive trading, but still precious little room for even minor disappointment?

By Steve Moore | Wednesday 24 August 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Provider of technology and services to the rail, traffic data and wider transport industries Tracsis (TRCS) states that it is “pleased to provide” a trading update for its year ended 31st July 2022, with “group revenue is expected to have increased to c.£69.0m (2021: £50.2m)… expects adjusted EBITDA to be ahead of market expectations”. So what of a current approaching 4% higher share price response to 1050p?

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