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Share Name Share Symbol Market Type Share ISIN Share Description
Trackwise Designs Plc LSE:TWD London Ordinary Share GB00BFYT9999 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -1.43% 34.50 30,290 14:54:03
Bid Price Offer Price High Price Low Price Open Price
33.00 36.00 35.00 34.50 35.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 6.07 0.41 5.96 5.8 10
Last Trade Time Trade Type Trade Size Trade Price Currency
15:31:57 O 1,500 33.10 GBX

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Date Time Title Posts
12/8/202219:02Trackwise Designs Plc (with charts)988
02/10/200715:12Trade Winds Ventures and Associated Co's10
17/1/200722:02Trade Winds Ventures, Gold Explorer on TSX7

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Trackwise Designs Daily Update: Trackwise Designs Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TWD. The last closing price for Trackwise Designs was 35p.
Trackwise Designs Plc has a 4 week average price of 33.50p and a 12 week average price of 33.50p.
The 1 year high share price is 265p while the 1 year low share price is currently 33.50p.
There are currently 30,179,014 shares in issue and the average daily traded volume is 83,378 shares. The market capitalisation of Trackwise Designs Plc is £10,411,759.83.
rivaldo: Not a holder, but a long-time watcher. TWD was - and is - extremely promising, and I liked the management having met them, but it was overvalued imo for a long time and was then unfortunately stymied by the pandemic and everything else recently. I note Arrival's bad news overnight as per jimbo's post above, but most importantly for TWD they've slashed their production target for electric vans for this year to just 20 (from 400). Surely not good news? Https://
74tom: Glad you've finally seen the light amt, the old FD has utterly screwed TWD and this is uninvestable barring materially positive news flow. Post the Arrival deal an ambitious and competent company with a market cap of ~£45m (£2 a share) would have raised ~£25m in order to execute a 3 year scale up plan. I'll never understand what on earth they were doing raising the bare minimum at a 45% discount. To make it even worse we were at the height of a decade long bull market in November 2020, Arrival listed and saw their shares leap 300% in a month... incompetent doesn't come close here.
amt: They missed a great opportunity when the share price was 3 quid or so to raise sufficient cash. Instead they didn't give exiting shareholders a good enough opportunity to increase holdings.
ifaze: 74tom I agree partly with you but I think the fact that the fund raise was at a huge discount to the £3.70 share price is a red herring. The price of £3.70 was completely artificial chased up by low volumes of PIs - certainly no institutional buying. (Luckily I sold some at over £3 - not enough!) Some PIs might have paid less for new shares but clearly the institutions were the ones with sufficient dosh. I'm sure management were keen to keep their dilution to a minimum. As always - you can take wording of announcements of CFOs with a pinch of salt.
shieldbug: Slicethepie - have to agree that MH has to be responsible for the last capital raise which destroyed the share price. This mornings RNS is beyond belief. 6 months to fail to deliver final results, then blame it on Covid? Shambles. This was how his resignation was announced in Sept last year "Mark Hodgkins has indicated his intention to step down from the Board at the next AGM. Mark, 64, would like to reduce his full-time work commitment and pursue a portfolio career."
74tom: There have been multiple own goals here. From a high of £3.70 on 19th November 2020 they have managed to decimate the share price despite being in possession of what appears to be very exciting, patented technology and a contract with Arrival that has huge potential. To raise at a discount of 45% to the closing mid price and then need to raise further funds 12 months later (again done at a 45% discount to the closing share price) is just staggering incompetence. It's worth comparing the manner in which TWD has been managed with Saietta Group (SED). On a high level they are very similar companies, both British manufacturers with patented technology that can add value to products, although SED is specifically transport focused whereas TWD is more versatile. The difference is SED have a CEO that can market their product and can passionately explain it's benefits. They managed to raise £37.5m in an IPO last summer that should see them to profitability. The contrast to here couldn't be more stark, I honestly think if you had the SED CEO in charge this would be trading at £5-10.
slicethepie: I must admit I think he was useless here and his mishandling of the finance function is the reason the share price is where it is . I see it as positive that he has gone. Equally amazed that ensilica recruited him!
mdchand: That's a good question. Celink website gives some info but I don't think they can match TWD'S ability to produce harnesses of any length. TWD's tech seems to have far wider usage (based on their webaite) compared to Celink's singular focus on cars and batteries. It just needs one ground breaking RNS in the fields of oil & gas or aerospace for this to be bounce back. Worth going on the TWD website as it has some very useful info:
mdchand: Interesting to note the share price is now at a level below the previous Arrival announcement which means the stock market is essentially valuing that contract as being worthless or even loss making for TWD. Sad to note that no RNSs have been issued re IHT contracts in the aerospace / medical arena. Final results were released June 21, so will wait and see if there are any material updates but my gut instinct here is that TWD is worth a nibble at these prices.
mcfly79: It's only a 23% dilution.They had 28.75m shares in issue prior to the raise.They are only issuing another 8.75m shares in total, leading to a new total of 37.5m shares.So the new shares will be 23% of the new total.The market cap before the placing announcing was £41m (at a £1.45 share price), and that was after a large drop due to liquidity concerns. Imo, the market cap should be at least £41m after the placing, which equals a £1.10 share price.
Trackwise Designs share price data is direct from the London Stock Exchange
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