Trackwise Designs Share Discussion Threads

[john henry] 14/12/2022 07:47

Bagpuss67 just work out your average.
i do not hold.

[adorling] 14/12/2022 07:47

The beginning of the end - utterly disgraceful for the Board to have got the Company in this position.

[bagpuss67] 14/12/2022 07:41

Sorry for being slow.. So if you fully subscribe you get 4 shares for each one you have? And the warrants thrown in? But all things being equal you would need c10 shares to avoid dilution.

Can anybody estimate what the market cap would need to get to so that someone in future got thier money back compared to the preopen price today?assuming they excercised their warrants..

[the mugger] 14/12/2022 07:41

-90% open?

[andyview] 14/12/2022 07:32

Wtaf 😱

[farrugia] 14/12/2022 07:30

i thought there were only 33 million shares so diluted out of existence seems to be a good narrative of what's happening here?

[tomboyb] 14/12/2022 07:25

Information on the Fundraising and terms of the Placing Agreement
The Company proposes to raise GBP3.65 million (before expenses) through the issue of the Placing Shares and Subscription Shares at the Issue Price. The Issue Price represents a discount of 92.09 per cent. to the closing mid-market price of an Ordinary Share of 12.65 pence on 13 December 2022, being the Business Day prior to the announcement of the Fundraising.

[bloomberg2] 14/12/2022 07:11

https://twitter.com/doit4thetwins/status/1602922269516390404?s=46&t=2POuk8SzWKwy_N9I8NQoAA

[amt] 14/12/2022 07:11

Diluted out of existence.

[bloomberg2] 14/12/2022 07:08

I'm buying at 1p

[tomboyb] 14/12/2022 07:07

If you are low on cash in this market you are screwed - !

[tomboyb] 14/12/2022 07:06

TRACKWISE DESIGNS PLC

("Trackwise", the "Company" or the "Group")

Placing via Accelerated Bookbuild, Subscription and Open Offer

Issue of Warrants and Capital Reorganisation

Board Changes

and

Notice of General Meeting

Trackwise Designs (AIM: TWD), a leading manufacturer of specialist products using printed circuit technology, is pleased to announce a proposed conditional placing to raise gross proceeds of GBP3.65 million by way of the issue of an aggregate of up to 364,524,700 New Ordinary Shares pursuant to a Placing of up to 364,224,700 New Ordinary Shares and a Subscription of 300,000 New Ordinary Shares at an Issue Price of 1 pence per New Ordinary Share.

finnCap is acting as sole Bookrunner in connection with the Placing. The Placing will be conducted by way of an accelerated Bookbuild, which will be launched immediately following this Announcement, in accordance with the terms and conditions set out in the Appendix to this Announcement.

In addition, the Company proposes to raise up to a further approximately GBP1.5 million by the issue of up to 149,999,860 New Ordinary Shares pursuant to an Open Offer to Qualifying Shareholders, on the basis of 1 Open Offer Share for every 0.250054 Existing Ordinary Shares held on the Record Date, also at the Issue Price (the Placing, Subscription and Open Offer, together the "Fundraising").

The Company also proposes to issue Warrants to subscribers in the Placing, Subscription and Open Offer granting rights to subscribe for 1 additional Ordinary Share for each Warrant held in the ratio of 1 Warrant for every 2 New Ordinary Shares issued to those subscribers (the "Warrants"). The Warrants are exercisable at a price of 6 pence per Ordinary Share during the three year Warrant Exercise Period.

[tomboyb] 14/12/2022 07:06

Placing at 1p per share!!!

[viking24] 01/12/2022 00:06

Chinese electric vehicle makers saw a massive upswing, led by a 47% surge in XPeng (XPEV), which soared in the wake of its latest quarterly report. The sector also received a boost amid hope for the Chinese economy.

[pinkfoot2] 15/11/2022 16:46

Yes-sorry I meant Arrival.They have already said they need to do another big raise

[fillspectre] 15/11/2022 13:10

Difficult to say which way this is going save to say they need fresh customers to order and some form of strategic partnership. Either that or Stevenage Circuits to generate some free cash flow. It seems difficult to think the combination of the three facilities TWD own are only worth £7 million. All this talk of nations needing to improve self reliance as well.Fils.

[cheese666] 15/11/2022 10:32

They both need to raise.
A key step for TWD is their next placing. Maybe they could sell some and lease back some property and raise a smaller amount. No need to own your own building at this stage of their development.

[amt] 15/11/2022 09:45

I think he means Arrival

[fillspectre] 14/11/2022 22:00

Hi Pinkfoot2
Presume you are talking about Trackwise Designs in your last post when you refer to `raising more cash' not Arrival - just the way it reads. Fils.

[pinkfoot2] 13/11/2022 20:21

I’ve read the public statements about Arrival and it’s not pretty.They will probably survive by raising more cash but it’s clear their SOP has moved into the future

[cheese666] 09/11/2022 14:55

Pimkfoot - Do you have a view you'd like to share as to whether you think TWD is a decent buy at these levels?

I am a holder but can't quite decide if this represents another great buying opportunity or if there's still too much uncertainty ahead for TWD and their biggest customer.

[pinkfoot2] 08/11/2022 20:42

Worse news tonight

[monster500] 08/11/2022 10:27

Old news, deramper Lol