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TTX Turftrax

0.45
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Turftrax LSE:TTX London Ordinary Share GB00B29VTJ93 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.45 GBX

Turftrax (TTX) Latest News

Real-Time news about Turftrax (London Stock Exchange): 0 recent articles

Turftrax (TTX) Discussions and Chat

Turftrax Forums and Chat

Date Time Title Posts
25/4/201121:40TURFTRAX :::::::::::::: A Sporting Bet?314

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Turftrax (TTX) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Turftrax (TTX) Top Chat Posts

Top Posts
Posted at 11/7/2009 15:30 by parvo
clocktower - with a 1:500 consolidation, it's going to be very difficult to get any meaningful return here; above £55/share to see any return - some hope!
Posted at 22/7/2008 09:28 by dealy
Nobody has lost money just because the market makers are playing games. If I put in an order now to buy 1m shares the market makers would raise the offer to 2p.

If somebody puts in an offer to buy the company for more than 1.25p then nobody who bought yesterday would have lost money.

Do not confuse the price for a few shares with either a) the price for all of the shares or b) the actual value of the shares
Posted at 21/7/2008 19:56 by lord santafe
In that case you where not following a rise, since you did not just copy, so you are sitting on a large well respected profit.

I agree that I should of done research over the weekend, and on every evening and before the market opens, like I used to do. However since I do not have the funds to trade, there is no point me reasearching. The prices and spreads are too dreadful for me to sell the stocks I hold to get out of, to be able to buy into something like this. It is possible for me to buy a share once a month from my monthly profits, and then I would either average down on my own shares, or look out for a share that lost most its price in no time at all.
Posted at 20/7/2008 10:38 by jonwig
dealy - can't comment on situation re administration of subsidiary company.

JRVS is not a good comparison; the balance sheet explains: gearing of 2300% is scary enough for the market at any time, let alone the present.

TTX went to market on the promise of its tracker device. This unravelled quicker than usually happens with innovative products which fail.

Worth a punt? I wouldn't, as there's nothing left with the potential for a major recovery.
Posted at 18/7/2008 13:05 by jdhurry
I have to admit although I think TTX are a load of tosh 280k mkt cap seems ridiculous as it stands. Including the £310k they got this week I cannot see how they could have less than 1.5p cash per share.
Posted at 15/7/2008 07:46 by jdhurry
TTX floated on 30 January at 40p with a market cap of £17.59 million. They opened at 43.75p (over £19 million) and closed at 40p. Within days the share price was in freefall on minimal volume, and on 7 February they issued a no-known-reason-for-fall statement. The MM's knew differently, for they'd seen the figures. The last interims to 30 Sep 07 booked total assets of £2.65m, most of it intangible (my estimate £1.75m). They raised £2.73m net from the float, of which £1.3m was used up instantly to pay off the bank. So they had £900k tangible assets and £1.43m cash, giving an overall NAV of around £4m including intangibles - alot less than £17.59 million! That explains the first drop to a 22.25p close at the end of February.

Then on 4 March 808700 shares were traded, and on 12 March another 336200. Apart from Arlington, the only major holders who weren't locked in were Nick Gold (2,002,500 or 4.52%) and Mr.J.Singh (1,381,722 or 3.12%) but since they're still listed as major holders it wasn't them dumping. Whatever, those big trades knocked another 5p off the price. Then between 21 May and 23 May Arlington dumped 2.5m shares at a 40% discount to market. These trades explain the second drop to an 11p close at the end of May.

Then on 1 July the price fell from 9.12p to 5.22p on little volume. Presume the MM's got advance notice of the 2 July Trading Update!

Why yesterday's big drop who knows? But here are some past FY figures:

31/3/05 £625,000 turnover (£2,637,000 loss after tax)
31/5/06 £855,000 turnover (£3,074,000 loss after tax)
31/3/07 £1,162,000 turnover (£3,021,000 loss after tax)

And the last interims:

30/9/07 £644,000 turnover (£924,000 loss after tax)

Seems to me this lot have been flogging a dead horse...
Posted at 14/7/2008 16:38 by c1ty whispers
Sagentia, which originally developed the TurfTrax tracking system, said it will receive an upfront cash payment of 100,000 stg for the transfer of the remaining IP rights, additional shares in TurfTrax valued at 100,000 stg at the placing price, and an ongoing 50 pct revenue share on all commercial activities outside the field of sport.
..............................

What else can thier systems be applied to.Any company forcasts or personal ideas?

Sangentia still made sure thier feet were firmly in the door of potential.

Just looking in.No position as of yet if at all.
Posted at 02/6/2008 11:35 by jonwig
SureThing ...

" ... Turftrax who have an almost identical speed sensing system in place on a large number of tracks."

A large number of tracks - that's a big statement. I thought a big part of their problem was rolling their system out.

But competition would be worldwide here, and Trakus is in the frame.

I might sound as though I have a downer on this share, but the Admission Document is very thin, and newsflow since float equally so. Let alone the share price.
Posted at 23/5/2008 16:44 by surething1
Clearly awful for such a big drop in the share price. However, for anyone who believes in it, not only can they pick it up far cheaper now than they could last week but with all the different buys that seem to be going through, I reckon it will be a bit more liquid. It is not a good market for a stock to be held so tightly by only Pre-IPO/IPO holders and only a handful of aftermarket buyers. Atleast, £2000 orders wont be moving the price 5% now!

PHrealestate, may I ask which firm had been advising you out of interest? What were they saying about it?
Posted at 06/2/2008 22:05 by tsmith2
TurfTrax Plc ("Turftrax" or the "Company"): Share Price Movement


LONDON, February 6 /PRNewswire/ -- The board of TurfTrax (LSE: TTX) has noted the recent decline in the Company's share price and can confirm that there has been no change in the Company's current position and reaffirms their confidence in its prospects, as detailed in the Admission Document dated 8 January 2008, and knows of no reason for the decline.


For further information:

Nicky Green TurfTrax Plc +44-1722-434-000
Liam Murray (Nomad) City Financial Associates Ltd +44-207-492-4777
Stephen Goschalk Newland Stockbroker Ltd +44-207-290-2414
Andrew Tan Hansard Group +44-207-245-1100


Distributed by PR Newswire on behalf of TurfTrax Plc
Turftrax share price data is direct from the London Stock Exchange

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