Turftrax Share Discussion Threads

[pre] 16/7/2008 16:24

contract news...yum yum...would be nice:-))

[saddays] 16/7/2008 16:20

pre the intellectual property rights they bought for 1 mill will now be used for commercial and industrial sector.news of a contract possibly.

[saddays] 16/7/2008 16:11

mm,s had too make a market pre ,looking very like a good purchase by yourselve.well done if no after hours seller it should rise fairly quickly.no sellers from what i see over the last few weeks.good luck

[pre] 16/7/2008 16:08

what's interesting is if there is no big seller and someone picks up a sizeable chunk we could see this one climb back rapidly...5p?

[saddays] 16/7/2008 16:06

mkt cap 500k looks very cheap.if there is not a big seller after hours.looks like mm,s are creating a new market for this one.they still have oversea,s revenues for the betting side.could be a snip.watching

[pre] 16/7/2008 16:04

cheers saddays....looks like there is still some value to be had here, although the fall does look overdone...i assume its reflective of the general market downturn affecting stock values disproportionately....

[saddays] 16/7/2008 16:01

had a quick look they bought sagentia intellectual property rights for over 1 mill by issuing [e-mail] that looks like that alone is worth 2.5p.mm,s could be taking advantage of the betting rns with the bhb.but they have already said they will move into other markets.hmm

[saddays] 16/7/2008 15:50

now 1.25 too buy

[saddays] 16/7/2008 15:49

well at least there is buyers pre,that was another buy.

[pre] 16/7/2008 15:48

why a trap?? looks like the fall is seriously overdone in the last week imo, unless there is a big seller....anyway...up she goes as i said earlier, dyor etc to anyone considering investing here:-))

[saddays] 16/7/2008 15:46

can still buy at .85.sell 5k.MM TRAP

[pre] 16/7/2008 15:33

saddays..not concerned for a small punt with profits made elsewhere...worth the gamble for me:-)))

[pre] 16/7/2008 15:30

no ramp ...tempted to pick up a few more....and curious why this has fallen so significantly over the last week..no news from the co...

[saddays] 16/7/2008 15:30

pre your 140 quid is 100 quid now.50 quid shortly.1v4

[saddays] 16/7/2008 15:24

max sell 60 quid.plop

[saddays] 16/7/2008 15:24

ramper.going bust more like.

[pre] 16/7/2008 15:22

move up coming.....

[saddays] 16/7/2008 15:22

scap on .1

[pre] 16/7/2008 15:17

looking back at the trades for the last few days, these were selling at 5p a week ago and since then there has been less than 100K shares sold....very odd movements....

[pre] 16/7/2008 15:15

blimey...severe over-reaction here??...these were selling for over 2p a couple of days ago.....

[jdhurry] 15/7/2008 07:48

On a different note, if I'm right they'd have to call an EGM if the net assets have fallen below £2.2 million.

[jdhurry] 15/7/2008 07:46

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...

[pomp circumstance] 15/7/2008 05:56

Another disgracful AIM flotation.

[jonwig] 14/7/2008 16:46

CW - turf technology applied to agriculture, and tracking applied to military personnel I understand - but nothing has actually been developed afaik.

If there had been any potential here, investors also familiar with horseracing would have been buying at some points on the way down. The fact that there have been no significant 'up' days since IPO suggests there's nothing to go for.