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| Trafficmaster share price falls despite positive results |
| Written by Business Weekly | |
| Saturday, 01 October 2005 | |
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Trafficmaster, which supplies digital traffic information and intelligent navigation services, has flitted between dodgem and Rolls-Royce status with frustrating consequences for shareholders.
Trafficmaster, which supplies digital traffic information and intelligent navigation services, has flitted between dodgem and Rolls-Royce status with frustrating consequences for shareholders. No surprise then that as the Bedfordshire company announces revenues 16 per cent higher in its interim results for the six months ended June 30, its share price should fall further. While revenues rose to £19.7m (H1 2004: £17m), the company turned a modest profit to a loss. New chief executive Tony Eales insists the company is continuing to develop several new business opportunities and “operates in a number of high growth markets, “It is my clear intention to focus the company on capturing market share to generate a healthy return for Trafficmaster’s shareholders,” he said. “There are 20 million fleet vehicles in the US and the local fleet management market is growing strongly. We have added exciting new features such as vehicle diagnostics to our products and will continue to expand our direct sales operations to take advantage of the growing opportunities.”
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