Trackwise Designs Share Discussion Threads

[ales dange] 07/7/2023 08:59

Welive, it certainly does seem that way, the last RNS makes no mention of it. Cannot help but think we’ve been sold a story here to keep us interested in investing. I sure do hope there’s no rogue trading going on here as stand to lose a chunk of my pension fund in this investment!!!!

[weliveliketrumpatstonehouse] 05/7/2023 15:44

Will arrival bail on the deal is the question. That's 4 or 5 million. Ouch

[bagpuss67] 05/7/2023 09:05

Arival SPAC deal gone away... Things looking super bleak..

[castleford tiger] 05/7/2023 08:56

new facility set up costs of GBP2.845m

thats the line that got me

tiger

[jonny_wright] 05/7/2023 08:50

Good luck with your investment, I hope you didn't lose your shirt with trackwise

[jonny_wright] 03/7/2023 09:37

Agreed, anyone that held can wave goodbye to that money

[terminator101] 03/7/2023 08:33

I doubt if this loss making pile of pish will be back from suspension.

[weliveliketrumpatstonehouse] 30/6/2023 16:49

5 million. Wow. Where do you guys buy from?????

[smcl] 30/6/2023 16:28

Well done MN100- hope you're right.

[32campomar] 30/6/2023 16:25

Not so long ago this was being ramped to high heaven at the 1p placing level. An 80% loss. With 10 million of debt the only way this can possibly survive is through monumental dilution & huge share consolidation. Anyone buying now are bonkers.

[mn100mobile] 30/6/2023 16:19

I'm buying 5m before close. Can see this coming back from suspension a lot higher.

[jonny_wright] 30/6/2023 16:05

25mins now for people to escape

[ales dange] 30/6/2023 13:32

Mr Johnson is also an experienced and technically gifted individual, spent many years in the industry looking at the research I have found. But weirdly and which is really odd considering it is a technical product they make, the MD of the Stevenage business has no previous PCB board experience. This seems very odd and only my opinion, but it may explain why the business appears to have collapsed since TWD took them over! Maybe someone who works in the industry can explain if this is the case, but I have never heard of a managing director running a business they know nothing about!

[weliveliketrumpatstonehouse] 30/6/2023 13:08

You remember very well Sir. The good old days.

[ohdearohdearohdear] 30/6/2023 12:23

My memory is very hazy now, but I seem to remember that Tru-lon and Labtech (whose MD, Dave Latham I also met) were two of very few companies in Europe that could manufacture microwave (as in RF) circuit boards during the 1990's. I know that they both took huge advantage of that fact!

[ales dange] 30/6/2023 11:46

Welive & Ohdear, Have to say I do not know either company that well, only learning about what they do from snippets on here and a bit of research on line. Stevenage appear to have the longer history (formed 1972 I believe) and Mr Brown and his son must have run a successful company to have survived for that amount of time, especially during the late 70's, 80's and challenges that the 90's held for us. Maybe they could come back in and save this portion of the TWD group! Who knows, maybe the management there now have run it's course and destroyed what must have been a good company, something isn't right here as TWD wouldn't be selling a profitable company with potential, especially after the news that has been released today in the RNS! If I was on the BOD I would be asking serious questions of the management team there as to how it has gone from making a profit to losing money!!!!

[weliveliketrumpatstonehouse] 30/6/2023 10:57

Oh dear.

Totally agree. Stevenage has had it's time. John Brown was top fella. Treated staff well. He retired and his son Rob Brown took the reigns. Very knowledgeable guy in the industry. Trackwise brought it and there it ended really. Sad sad story

[ohdearohdearohdear] 30/6/2023 10:48

Let's be honest....I don't see anything too special about either company. Certainly not Stevenage.....lots of companies can do what they do (in many cases much better, much faster and much cheaper). Days of charging a premium for the manufacture of flexible circuits or RF circuits is long gone. Have to admit that I don't know too much about the TWD IPR. Maybe they can flog that off along with Stevenage. BTW, I knew the owner of Tru Lon (John Brown). "Interesting" chap. Very surprised that the Company is still around...

[ales dange] 30/6/2023 10:33

32campomar, I agree, suspension on Monday and then what comes next isn't looking great. Seen this before where suspension happens then the business gets broken up! Could end up with all locations closing and many job losses. How can a company with so much promise, deliver so little! There's no news on the Stevenage sale either, one can only assume that that isn't going well either! +51m shares traded so far, is there any left out there!!!!

[32campomar] 30/6/2023 10:17

Yes market makers will not want any stock on their books before suspension on Monday for fear this won't come back. They get a lot of stick at times but who would want to have to make a market on days like this !

[jonny_wright] 30/6/2023 10:00

Spread here is absolutely humongous - the mm clearly don't want to be bagholding this

[jotoha2] 30/6/2023 09:35

What a mess , 95% drop from here most likely.

[glavey] 30/6/2023 09:26

Oh Lord, not another 'buying opportunity' !