Tracsis

TRCS · AIM · Technology · mcap £94m · 315.0p 3 open situations →

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2026 1 director buying UK rail funding and procurement headwinds Tap Converter ticketing contract Mistral Data acquisition Sale of Events business

Open · 3

Insider conviction

1 director buying

£69k in 3 buys

1 Oct 2026 A director £20k
1 Oct 2026 A director £25k
1 Oct 2026 A director £24k

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Upgrade / downgrade cycle

UK rail funding and procurement headwinds

Persisting; timing of recovery uncertain

Next: CP7 funding and procurement timing remain uncertain; RCM hardware volumes weak

28 Apr 2026 Persisting; timing of recovery uncertain
25 Feb 2026 Persisting; RCM hardware volumes below historical levels
20 Nov 2025 Persisting through FY26; RCM hardware down 42%

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Project milestones

Tap Converter ticketing contract

Implementation underway; first month of revenue

Next: Full deployment, then recurring support and maintenance licence revenue

28 Apr 2026 Development revenue ongoing; delivery progressing
25 Feb 2026 Implementation underway; full deployment expected FY27
20 Nov 2025 Development ongoing

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Closed · 2

Large acquisition / reverse takeoverMistral Data acquisition Completed after CMA clearance · 29 Jul 2026 – 24 Aug 2026 Disposal of a part (break-up)Sale of Events business Sold to Connection Capital; cash received · 3 Aug 2026 – 3 Aug 2026

Company filings. Not investment advice.