Tracsis (TRCS)

Sector:

Support

Index:

FTSE AIM 100

420.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 945.00p
  • 52 Week Low: 300.00p
  • Currency: UK Pounds
  • Shares Issued: 30.23m
  • Volume: 189,345
  • Market Cap: £126.98m
  • Beta: 0.02

ScotRail expanding use of Tracsis Tap&Pay smart ticketing app

By Josh White

Date: Wednesday 29 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Tracsis announced on Wednesday that ScotRail is expanding the availability of its Tap&Pay smart ticketing app following the successful completion of a six-month pilot.
The AIM-traded company said the pay-as-you-go app, which it developed, allows customers to travel without purchasing tickets in advance by automatically calculating and charging the best available fare.

It said the app, now available for download, would initially cover the Strathclyde area and routes between Strathclyde and Edinburgh.

If successful, it said ScotRail intended to roll it out more widely across its network.

The Tap&Pay system operates through Tracsis' 'Hopsta' platform, which uses location mapping to determine journey details, generates single-use barcodes for ticket validation, and ensures passengers never pay more than the cost of a weekly season ticket when making multiple trips on the same route.

Tracsis said its pay-as-you-go ticketing technology had been deployed with multiple train operators across the UK, with more than 30 million customer journeys processed to date through smartcard and contactless bankcard transactions.

The Hopsta platform was developed through Tracsis' research and development investment, and enabled customers to access best-value fares directly.

Tracsis said it earns a commission on each ticket sold via the Tap&Pay app, though it did not expect the move to make a material contribution to revenue in the current financial year as the technology moved through its early adoption phase.

"We are delighted to be working in partnership with ScotRail to expand the availability of its pay-as-you-go ticketing app which will deliver greater consumer choice and a best price guarantee without the need to pre-purchase a ticket," said chief executive officer Chris Barnes.

"Tracsis has a long track record of working with the rail industry to deliver innovative technology solutions and this is reflected in the recent nomination of the Tap&Pay app for 'Ticketing Technology of the Year' at Transport Ticketing Global 2025."

At 1016 GMT, shares in Tracsis were down 2.78% at 367.5p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tracsis Market Data

Currency UK Pounds
Share Price 420.00p
Change Today -15.00p
% Change -3.45 %
52 Week High 945.00p
52 Week Low 300.00p
Volume 189,345
Shares Issued 30.23m
Market Cap £126.98m
Beta 0.02

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.24% below the market average74.24% below the market average74.24% below the market average74.24% below the market average74.24% below the market average
82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average
Price Trend
83.84% below the market average83.84% below the market average83.84% below the market average83.84% below the market average83.84% below the market average
89.69% below the sector average89.69% below the sector average89.69% below the sector average89.69% below the sector average89.69% below the sector average
Income
94.28% below the market average94.28% below the market average94.28% below the market average94.28% below the market average94.28% below the market average
89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average
Growth
45.65% below the market average45.65% below the market average45.65% below the market average45.65% below the market average45.65% below the market average
30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tracsis Dividends

  Latest Previous
  Interim Final
Ex-Div 08-May-25 23-Jan-25
Paid 23-May-25 07-Feb-25
Amount 1.20p 1.30p

Trades for 16-May-2025

Time Volume / Share Price
16:11 46,215 @ 420.00p
16:11 46,215 @ 420.00p
16:42 5,000 @ 437.50p
14:39 7,000 @ 432.00p
14:39 7,000 @ 432.00p

Tracsis Key Personnel

CEO Christopher Matthew Barnes
CFO Andrew Kelly

Top of Page