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TRK Torotrak

0.0705
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Torotrak LSE:TRK London Ordinary Share GB0002922382 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0705 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.051 0.09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0705 GBX

Torotrak (TRK) Latest News

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Torotrak (TRK) Discussions and Chat

Torotrak Forums and Chat

Date Time Title Posts
04/4/202416:44TRAK-TION13,803
26/1/202414:28torotrak143
27/6/202320:022004 BD All Torque and Action7,679
12/4/201315:01TRK MAJOR FORD DEAL RUMOUR - POSSIBLE 10 BAGGER!17
29/3/201113:05TORRIDTRAK - ANOTHER PIECE OF TECH SHIT111

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Torotrak (TRK) Most Recent Trades

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Torotrak (TRK) Top Chat Posts

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Posted at 04/4/2024 16:44 by bodgit
Many thanks pseudosphere for that. My sizeable TRK holding was all held in an ISA. I'm unlikely to have any significant capital gains to worry about from any of my other shareholdings. I wish! If I've heard nothing from Halifax Share Dealing Ltd by the end of April, I'll rattle their cage though it's hardly worth the effort for £16 or so. Cheers, Bodgit
Posted at 04/4/2024 15:19 by pseudosphere
I haven't received anything yet from Interactive Investor or SelfTrade. I had shares in an ISA with Selftrade that didn't get transferred to ii, probably because they had already been declared of negligible value several year prior. SelfTrade have agreed to forward any received TRK payments to ii as cash.

If you have a nominee account and your broker didn't bother to claim this final dividend on your behalf then you would have a reasonable claim against them, unless your shareholding was below the threshold for which any payment would be received. I believe that if you held 100000 shares then the payment would be £2.30 to the nearest pence. I had a total of 4500000 shares split between the 2 accounts, so if it really happens then there is probably enough there to buy a pint and a half of beer, even in London?

I also got badly burned with Esken (formerly Stobart Group) that has just gone into administration and been delisted. I received an interesting communication yesterday from ii, stating that delisted shares cannot be held in an ISA and they would transfer them to my trading account instead. I was going to register the substantial capital losses for TRK and ESKN anyway but it appears that the ones held in the ISA and normally not eligible to use for offsetting future capital gains may become so!

My own fault for not having used a stop loss and hoping for a recovery that never came. OTOH I may receive an inheritance that includes residential property, where having substantial capital losses may actually prove rather useful.
Posted at 04/4/2024 14:21 by bodgit
Has anyone here actually received a distribution from Mazars? If so, what was the (miniscule!) amount per TRK share held? Just curious as I have not yet heard from Halifax Share Dealing Ltd who held my TRK shares. Tia.
Posted at 14/2/2024 23:01 by pseudosphere
According to the following article (in paragraph 4),it states that such a distribution to an individual shareholder counts as a capital gain or loss - definitely the latter!

hxxps://library.croneri.co.uk/navigate-taxb/po-heading-id_OqN9QM9KM067x1bcpTig7w#:~:text=The%20liquidation%20distribution,-A%20distribution%20made&text=A%20distribution%20made%20during%20a,capital%20receipt%20for%20the%20shareholder.

But you can't claim a capital loss for any share held in an ISA, so it may count as income, if transferred to a trading account? However, they call it a dividend in the London Gazette so perhaps they obtained permission to do so from HMRC, given the miniscule capital return?
Posted at 14/2/2024 19:17 by martl
A document has been posted by the liquidators to the companies house page for Torotrak and also to the London Gazette.

The payment details from the document says..

"The estimated dividend will be in the region of nil-0.0023p per share,
dependent on the amount of shareholder claims agreed. For example, the Joint
Liquidators currently estimate that a member who holds 100 shares will receive
nothing, a member who owns 1,000 shares might receive 2p, a member who
owns 10,000 shares might receive 23p and a member who owns 100,000 shares
might receive £2.31"

I had shares in Selftrade and they did appear to transfer to ii, since when I spoke to them a few years ago they said that they had a record of my holdings.

When I asked them a few days ago what was happening, they replied.

"I can confirm that we have provided details to the Liquidators to claim the final liquidation payment. Once payments have been received accounts will be updated with any payments due."

Now I'm trying to figure out how to account for these payments for tax purposes.
I held them in an ISA, but the holding was transferred out to my dealing account a few years ago when the shares were suspended from Crest. anyone have a clue how this stands tax wise ?
Posted at 14/2/2024 14:49 by pseudosphere
Hi

What was the per share payout? I have lots of shares held with Interactive Investor plus some that got stuck at Selftrade (didn't get transferred to ii because the company had already been declared of negligible value). Interactive Investor said that Selftrade would pass any payment to them for distribution.

Thanks
Posted at 28/1/2024 11:36 by bodgit
FWIW, I recently have been in contact with Mazars regarding a distribution to shareholders.

By e mail, the extract below is what they have just told me. Btw, If you have not been so advised by whoever held your TRK shares when they went into liquidation, you might wish to contact them. Any distribution afaik will be miniscule though.

Extract from Mazar's e mail:-

Mr xxxxxx

I have checked our records and HSDL are on the schedule of investors.

The notice will be sent out to them on 31 January 2024 and they will have 4 weeks to submit their claim. If they do not submit a claim they will not be included in the distribution. It might be a good idea for you to contact them about your claim once the notice has been sent to them to ensure that they submit a claim in respect of your shareholding.


If they submit a claim it would be a matter for HSDL to deal with funds and distribute them accordingly.
Posted at 25/1/2024 17:22 by bodgit
FWIW, I have been in contact with Mazars.

By e mail today, this is what they have just told me. Btw, If you have not been so advised by whoever held your TRK shares when they went into liquidation, you might wish to contact them. Any distribution afaik will be miniscule though.

Extract from Mazar's e mail:-

Mr xxxxxx

I have checked our records and HSDL are on the schedule of investors.

The notice will be sent out to them on 31 January 2024 and they will have 4 weeks to submit their claim. If they do not submit a claim they will not be included in the distribution. It might be a good idea for you to contact them about your claim once the notice has been sent to them to ensure that they submit a claim in respect of your shareholding.


If they submit a claim it would be a matter for HSDL to deal with funds and distribute them accordingly.
Posted at 22/12/2022 11:07 by yorrrick
I had an exchange with Mazars in June 2021 at the end of which they said:

"For ease of reference I attach a copy of that report which indicates that there might be a small dividend to unsecured creditors, however, it is expected to be minimal at approximately 1.62p in the £. For your information and to enable you to work out any possible distribution I would advise you that the shares issued are 1p shares."

Although the final dividend may have increased to 5.06p that appears to be 5p in the pound not 5p per share. So, don't hold your breath.

y
Posted at 08/3/2022 16:45 by pseudosphere
If you had TRK shares in a Selftrade (EQI) ISA, that was part of the bulk transfer to Interactive Investor, then the following may be of interest:

I noticed that all the TRK shares held in my ISA had disappeared probably because they had been declared of negligible value prior to the transfer and before the liquidator started talking about a return of capital. I brought this to the attention of ii and eventually they confirmed that Selftrade still hold the shares as nominee and that they cannot be transferred to Interactive Investor. However, a mechanism has been agreed so that any distributed capital will be returned as cash to the owner of the shares. It is not specified whether this will be inside or outside of the ISA.

If others are in the same situation, then hopefully this process will be automatic but it might be worth getting in touch with ii just in case.
Torotrak share price data is direct from the London Stock Exchange

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