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Quartix - Investment in French field sales causes lift off

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • QTX
  • Price:
  • 180p
During the month, I caught up with Andy Walters, who came out of retirement in Dorset last September, sacked the chief executive of Quartix and once again took the helm of the telematics business that he had co-founded 25 years earlier.  Quartix manufactures vehicle tracking and fleet management products. With a small black box that can be hardwired behind the dashboard of any vehicle in 30 minutes, its units identify and transmit a vehicle’s location, speed and acceleration data in real-time. The group rents this internally-developed tracking and telematics data analysis solution, incorporating hardware, software and databases, to commercial vehicle fleet owners in the UK, France, Spain and the US.   By renting out the sys ...

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