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Trackwise Designs Plc (TWD)
Trackwise Designs Plc (TWD) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Trackwise Designs Plc	LSE:TWD	London	Ordinary Share	GB00BFYT9999	ORD 0.1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	0.425	207	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
0.40		0.45	0.425	0.425	0.425

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Printed Circuit Boards	8.01	-1.65	-5.50	-	0.13

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
08:02:56	O	207	0.40	GBX

Related Shares
Keywords Studios (KWS), Gamma Communications (GAMA), Rosslyn Data Technologies (RDT), Nanosynth (NNN)

Trackwise Designs (TWD) Latest News

Trackwise Designs News

Date	Time	Source	Headline
09/5/2023	12:37	ALNC	Trackwise extends cash runway amid contract delay from customer
09/5/2023	07:00	UKREG	Trackwise Designs PLC UK EV OEM Contract Update
03/5/2023	14:23	ALNC	IN BRIEF: Trackwise Designs puts Stevenage Circuits arm up for sale
03/5/2023	07:00	UKREG	Trackwise Designs PLC Stevenage Circuits Sale Process
21/4/2023	07:00	RNSNON	Trackwise Designs PLC Trackwise awarded King's Award for Enterprise
30/3/2023	14:05	UKREG	Trackwise Designs PLC Second Price Monitoring Extn
30/3/2023	14:00	UKREG	Trackwise Designs PLC Price Monitoring Extension
30/3/2023	10:57	ALNC	Trackwise expects loss to widen, revenue to fall; updates on order
30/3/2023	07:00	UKREG	Trackwise Designs PLC Contract and Trading Update
01/2/2023	07:00	UKREG	Trackwise Designs PLC Confirmation of Board Change

More Trackwise Designs News

Trackwise Designs Investors Trackwise Designs Takeover Rumours

Trackwise Designs (TWD) Discussions and Chat

Trackwise Designs Forums and Chat

Date	Time	Title	Posts
08/6/2023	12:17	Trackwise Designs Plc (with charts)	1,740
30/3/2023	08:23	Trade Winds Ventures, Gold Explorer on TSX	8
02/10/2007	15:12	Trade Winds Ventures and Associated Co's	10
28/12/2001	00:09	TDWaterhouse-down	1

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Trackwise Designs (TWD) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
07:02:57	0.40	207	0.83	O
2023-06-07 14:09:56	0.40	60,000	240.00	O

View all Trackwise Designs trades in real-time

Trackwise Designs (TWD) Top Chat Posts

Top Posts
Posted at 08/6/2023 11:50 by ales dange Yes Bagpuss67, I did see that too, plus the fact there is no new RNS updating us all, one can only assume it isn't good news! TWD must be running out of cash soon, and with no news on the fire sale of the Stevenage site (it's gone very quiet), the future is sadly looking very bleak! One can only question the BOD for allowing it to get this far. If Stevenage site was losing money, why let it go on for so long? The EV customer appears to have kept their investors informed and stated over a year ago that production was delayed! What have TWD & the Stevenage site been doing for over a year!!! Read Full Thread Follow Reply
Posted at 01/6/2023 19:38 by ales dange SclGoffer, I totally get your frustration, but looking at the accounts of SCL over years prior to TWD buying you, your wage bill has increased significantly and that surely can only be down to TWD investing in you, the people. Maybe I stand corrected unless the management have taken big wage increases, which does happen, I would say that what has happened by way of putting Stevenage up for sale is down to poor performance and monies being lost, rather than TWD not investing? Read Full Thread Follow Reply
Posted at 31/5/2023 15:13 by ales dange Weliveliketrumpatstonehouse:- you are correct, I am sure the wage scenario hasn't helped, I believe Stevenage also pays it's 2 people at the top a similar amount, which again doesn't help! Pink Foot is correct, SCL have a company loan hanging over their heads which TWD have stated will be forsaken, but even if this is removed it's still in a precarious state and so maybe the blame should lye with the new MD and his team at Stevenage rather than just blaming TWD. Just saying as it's not always the fault of others when these scenarios happen! I invested thinking it was a good bet to earn some extra money, likewise I am sure TWD did too when buying Stevenage, sadly they have not and so we are where we are. Hopefully you and the rest of the people will be able to ride the storm :-) Read Full Thread Follow Reply
Posted at 31/5/2023 14:47 by ales dange Weliveliketrumpatstonehouse: Looking at the accounts of both TWD & Stevenage, it appears both have historical issues, and the management teams at both sites is questionable to say the least. Stevenage has been losing money and appears to continue losing money and as for TWD, they have never appeared to make any money, that's if the accounts on companies house are to be believed! What is questionable is 1, who wants a company that is losing money and is in an industry that has competition in the UK that is better, and 2, who wants a company that isn't making anything, attempting to sell a service in a market that is dominated by offshore manufacturing. Sadly I see both going to wall and in truth, they have themselves to blame. Read Full Thread Follow Reply
Posted at 04/5/2023 17:36 by sclgoffer Sorry but you’re wrong about the loan was from TWD to SCL…the payment was sent from SCL to TWD! I have seen the figures. This is a typical smokescreen by TWD, just to get new investors to sign up in the hope that TWD can get some sort of orders to come out of Stonehenge. Read Full Thread Follow Reply
Posted at 04/5/2023 05:35 by sclgoffer We at SCL we where at the time the only ones making money for the group, because TWD we’re still trying to build the Stonehenge site.We gave them 6+million one year, but at a company meeting they told us TWD had given us the 6+million. We have never trusted the company or the board at TWD. Read Full Thread Follow Reply
Posted at 10/1/2023 09:59 by ifaze I can't see the share price going much below 1p Campomar for the simple reason that now the majority of shares were bought by investors who were happy to fill their boots at that price. I will accept that all those new shares also came with warrants, but anyone who thinks that the warrants are worth anything at all (given the exercise price is 6p) has got to be a buyer of the share at 1p. Read Full Thread Follow Reply
Posted at 07/1/2023 01:48 by timbo003 ……… The meeting to approve the recent fund raise and to change the articles of association took place on Friday (Jan 7th 2023) at the Company’s HQ at Tewksbury. I was the only retail shareholder attending (which came as no surprise), there were three directors present (Philip Johnston, Paul Cook and Charles Cattaneo) and two other directors joined via video link (Ian Griffiths and Susan McErlain), there was also a representative from Equiniti and an assistant taking minutes. Charles Cattaneo chaired the meeting. The formal part of the meeting to vote on the resolutions took about 10 minutes. All resolutions were passed with approximately 21m votes in favour and 2.4m against for all the resolutions except resolution 3, where the votes were approximately 18.2M in favour and 4m against. https://wp-trackwise-2022.s3.eu-west-2.amazonaws.com/media/2023/01/Proxy-votes-for-GM-06-01-2023.pdf The Q&As session that followed lasted for about 40 minutes during which time just about all of my questions (listed below in no particular order) were answered: What circumstances lead to the placing being offered at just 1 pence and please explain how you can reconcile not obtaining a higher price than 1p/share with the recent RNS announcing that there was “exceptional demand” (at 1 pence/share)? The BOD explained that the funding road show commenced in September and it was an extensive process, the initial rounds involved obtaining expressions of interest from potential investors without any detailed discussions of pricing, this initial process indicated a likely short fall in the amount required and it was only later in the process when the size of the likely discount became apparent, it was in effect the last substantial investor to commit which dictated the price and ensured that sufficient funds could be raised, this investor had held the shares previously, but had now sold out (note: readers should be able to work out who they are from that). The warrants were introduced as a result of another (different) investor’s insistence. Was the open offer oversubscribed/undersubscribed? It was undersubscribed with around 34% uptake, so excess application will be met in full. The CFO commented that the OO funds were not considered essential to execute the plan, but they would provide a contingency cushion should it be needed. Can you add a bit of colour to the circumstances that lead to the share suspension? The BOD or Finncap did not request the suspension and it was entirely down to the LSE. The BOD believes the suspension during this fund raise could have deterred many shareholders participating in the open offer as they may have been spooked (suspensions in the UK are unusual and are generally not good news for shareholders). I opined that in some jurisdictions (for example Australia) listed shares are automatically suspended during a fund raiser and investors had become accustomed to this and perhaps it wouldn’t be a bad thing if the same procedure was followed here in the UK, no one appeared to disagree. What impact would there be on Trackwise’s future if the UK EV OEM who has just made the £3.99m cash advance as part payment for the battery connector contract was unable to pay the balance outstanding once the contract has been fulfilled? It would not be good news, although the company have had assurances from the UK EV OEM that it will have sufficient cash (without needing to raise further funds) to pay the balance in the agreed timeline. PJ added that has been checking the share price and SEC announcements of the OEM on a daily basis. (EV OEM share price and SEC filings available here: https://uk.advfn.com/p.php?pid=quote&;symbol=N%5EARVL ) What other methods of funding did you explore instead of the discounted placing, for example selling Stevenage Circuits, attracting a strategic investor/partner etc.? We had some forthright discussions with the UK EV OEM as their problems had been the main reason for our financial stress and we ended up with the revised terms for the contract, we argued for more but the OEM was itself constrained financially, We also look at other funding solutions, including getting a strategic investor on board, but it was difficult to get traction, exacerbated by the volatile political and currency situation at the time. Selling the Stevenage Circuits business would not have produced sufficient funds, so was not considered an option. Has there been any pressure from new investors for PJ to step down as CEO? Pressure is probably not the right word, there have been discussions around succession planning (PJ is approaching 60 years old so will not be around forever) and the two new directors joining the BOD will most likely play a part in that. What sort of investors participated in the placing, were they generally new investors or existing investors, would you describe them as long term or short term? Did any VCTs participate? There should be a number of TR1 announcements with familiar names, no VCTs or EIS funds participated in this round as the company has reached the ceiling for funds available under the EIS/VCT scheme. How close are you to fully commissioning the facility at Stonegate and do you have the capacity to produce all the material you would like to sell through winning the pipeline contracts outlined in the offer document (offer document: https://wp-trackwise-2022.s3.eu-west-2.amazonaws.com/media/2022/12/264931-Project-Estuary-Circular-WEB.pdf ) The Stonegate facility is not yet fully commissioned, but it will have the capacity to fulfil the order from the UK EV OEM to the agreed timings (July 2023). It will achieve this running just a single shift. Capacity could easily be increased 3X with very little extra Capex by increasing to three shifts/day. Furthermore, there is spare space in the facility to install additional plant to double capacity for each shift but needless to say, this would require additional investment. In the offer document you talk about re-incentivising directors and employees with revised share option and share save schemes when are you planning to do this? Yes, this is in hand and it was considered an important requirement by one of the major investors in the placing. Given that IHT technology is proprietary and protected by certain IP, where are the numerous EV OEMs listed in the offer document expecting to source there battery connectors if it is not from Trackwise? The battery connectors that are of interest to the various EV OEMs listed in the offer document are not reliant on the IP described in the IHT patents from 2012, but do employ other IP such as knowhow and trade secrets, so it is unlikely that Trackwise will be sending any cease and desist letters to competitors who supply EV OEM with battery connectors. They have however sent such letters to competitors who they suspect are infringing Trackwise patents when supplying IHT type products to the aerospace industry. There is a big number for intangibles in the accounts which the auditors question from time to time, but in our view it is justified on the basis of the extensive IP and knowhow. Are you still planning to hold a Capital Market day for shareholders and investors sometime this year? Yes, the intention is to run an event later in the year at the new facility at Stonegate. ……… Read Full Thread Follow Reply
Posted at 14/12/2022 09:12 by 2magpies "Trackwise Designs (AIM: TWD), a LEADING MANUFACTURER (emphasis added) of specialist products using printed circuit technology..." "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...." i.e. approx 90% discount to the prevailing share price Just makes you wonder what the placing price would have been if they had NOT been a 'LEADING MANUFACTURER' !! It's not even funny. Read Full Thread Follow Reply
Posted at 14/12/2022 07:06 by tomboyb 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. Read Full Thread Follow Reply

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