Trackwise Designs Share Discussion Threads

[manual dexterity] 21/10/2022 15:13

Smashed it

[bagpuss67] 21/10/2022 15:09

Phew. Let's hope they can deliver..

[jombaston] 21/10/2022 15:05

Net assets are £28m+, net tangible assets are £17.8m so it probably was priced for liquidation (or worse!). But the advance payment has bought some time to tie up a strategic partnership which would lead to more orders. So the shares are an option on that.

[firestorm911] 21/10/2022 15:00

Volume is low, punters still disgesting. Could be a delayed reaction.

Most likely it will boom now...

[firestorm911] 21/10/2022 14:59

Thanks Liam1om

[bandflex] 21/10/2022 14:57

We recognise that the scale of such a pipeline is likely to be beyond the balance sheet of Trackwise alone and we are therefore actively exploring longer term strategic investment partnerships with larger global businesses - who can, together with Trackwise, leverage our IHT patent and manufacturing know-how to meet this global demand.

Well they are definitely thinking big.

[liam1om] 21/10/2022 14:53

That's just the upfront payment firestorm. Initial payment is worth more than 12p alone. Considering this is priced to go bust, its a bit of a game changer. I'm not fully up to speed with the company specifics, but from a quick look this looks pretty big news.

[bandflex] 21/10/2022 14:52

The length-agnostic manufacturing process that we have developed and continue to develop, is of particular relevance for cell-to-pack application and Trackwise is actively bidding into a very large EV CCS sales pipeline (in excess of GBP1bn).

Sounds interesting.

[dave4545] 21/10/2022 14:51

shanew48 will turn up any moment :-))

[firestorm911] 21/10/2022 14:51

Payment bigger than Mcap?

The new agreement ("New Commercial Order") has been entered into for a fixed quantity of flexible printed circuit boards which are due to be delivered through to July 2023. The New Commercial Order provides for a GBP3.99 million advanced payment in 2022, with the balance of the contract value satisfied by standard payments on delivery of the products.

[manual dexterity] 21/10/2022 14:49

Year high in excess of £2.

[farrugia] 21/10/2022 14:46

it was priced to go bust. what's the fair price now?

[manual dexterity] 21/10/2022 14:22

good contract!

[albert arthur] 21/10/2022 14:21

Nice contract...

[shieldbug] 21/10/2022 08:08

There has to be a question now as to whether Arrival will renege on their supply arrangement with Trackwise. In any case closing Bicester signals further production delays.

[vprt] 20/10/2022 16:09

Bad news from Arrival:
LUXEMBOURG, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), inventor of a unique new method of design and production of electric vehicles (EVs) by local Microfactories, today announced a proposal that would see the company refocus its resources on the US market while further advancing its enabling technologies.

Arrival has achieved critical milestones this year including Bus and Van certification in Q2 and produced the first production verification L Van in the Bicester Microfactory in Q3 which proves a vehicle can be assembled in a microfactory.

In August, the Company announced plans to use existing cash on hand of $513M plus funds available through a $300M At the Market (ATM) Platform to deliver the first vehicles to UK customers this year, invest in hard tooling and launch the Charlotte microfactory next year. At the end of Q3, the Company had existing funds of approximately $330M cash on hand and due to the current share price and daily trading volumes, has not found the ATM to be a reliable source of capital. Scaling production in the Bicester microfactory requires significant further investment in hard tooling and working capital and the Company has determined that the benefits of such an investment would be best directed to the US market.

As a result, today the Company announced a plan to restructure its business to focus resources on a family of Van products for the US market as well as its enabling technologies - including core components, composite materials, mobile robotics, and software-defined factories.

The Company will continue to produce a small number of Vans in Bicester to optimize microfactory processes and support trials with customers.

The major factors in the Company’s decision to shift focus to developing its US business included the tax credit recently announced as part of the Inflation Reduction Act - expected to offer between $7,500 to $40,000 for commercial vehicles, the large addressable market size, and substantially better margins.

The business plans to raise capital to fund the commercialization of these vehicle programs in the US and is exploring all funding and strategic opportunities needed to bring the Vans designed for the US into production at the company’s second Microfactory in Charlotte, North Carolina.

In order to extend the company’s cash runway, Arrival plans to further right-size the organization and cut cash intensive activities while continuing to advance its core technologies. The result of these proposals is expected to have a sizable impact on the Company’s global workforce, predominantly in the UK.

A business review will be provided during Arrival’s third quarter 2022 financial results webinar on November 8, 2022.

About Arrival
Arrival's mission is to master a radically more efficient New Method to design, produce, sell and service best ever electric vehicles, because we want a world where cities are free from fossil fuel vehicles. Our in-house technologies enable a unique approach to produce vehicles using rapidly-scalable, local Microfactories. Arrival (NASDAQ: ARVL) is a joint stock company governed by Luxembourg law.

[stalker_boy] 07/10/2022 11:09

Ine comments from a poster who was pumping this day and night a few months back

[mr macgregor] 02/10/2022 14:26

In the annual report published in July:
“The Group is also in advanced discussions with its bankers for the provision of a trade facility of £1.9M which is expected to be in place by the end of August 2022.“

Also one of the major assumptions of the going concern statement base case scenario was:
• a trade finance facility of £1.9M is completed no later than 30 September 2022.

So we know the base case wasn’t met but the company simply rewrote the base case in the interims. That suggests the AR going concern statement was worthless and gives the impression of a board with collective heads in the sand.

If you look through the annual reports concentration of customers was repeatedly identified as a risk but never more than amber, and as recently as July this year! Amber, even though it has potentially broken the company for equity investors. I don’t buy the sympathy for the CEO. He’s involved in the mismanagement as much as the others.

[viking24] 30/9/2022 10:19

Arrival Produces First Production Verification Van in Micro-factory:London, UK (30th September, 2022) – Arrival (NASDAQ: ARVL) today announced that it has produced the first production verification vehicle from its Bicester Microfactory.Arrival produced the first Van in a Microfactory using in-house technologies, including composite materials, autonomous mobile robots, in-house components and a software defined factory.The milestone is a big stepping stone towards at-scale production and delivering vehicles to its customers."Today is an important day for Arrival. This is the first time a vehicle has ever been built in our Microfactory, using a new method that does not use a traditional assembly line. Although we have not yet achieved serial production, we are focused on making it happen. We will continue to produce vehicles in our Microfactory in order to master at-scale production," said Denis Sverdlov, Founder and CEO at Arrival.

[74tom] 30/9/2022 10:04

I actually feel very sorry for the CEO, he's invested years and years and developed some fantastic technology and it's been annihilated by an incompetent senior management team, the greed of UK brokers / II's & a disastrous decision to put all of their chips on Arrival scaling to plan. It's impossible to buy at this stage, however I'm hoping for the positive news as this has all the ingredients for a turnaround from these levels...

[tomboyb] 30/9/2022 09:58

Jotoha -

I think you may be right -

Equity is required -

I hope they can get a placing away -

[pinkfoot2] 30/9/2022 09:27

Difficult to disagree-needs major cash injection clearly

[jotoha2] 30/9/2022 09:10

Dreadful results , company of this size is unable to compete with the far east suppliers , the product is just not unique to have a decent profit margin , as it stands the company is in a bad place and could go under quite easily , if they get new funding then it will be around 2p , ouch.