Member Info for Sholder

Where will the value come from?

I’m in the same situation. The answer is yes these are now worthless. If they manage to break even selling Stevenage I will be surprised. As for selling of assets it would appear they don’t own a great deal and with the exception of one or two production machines the second hand market really isn’t that lucrative. No point crying over this milk that’s how the game works, what looked like a promising buy and a promising company has been derailed by the amateur way it was run.

I look forward to them

Sorry to hear the news TWD staff it appears your BOD have run the pot dry. My suspicion that Trackwise were not actually producing anything while putting all their efforts into fighting long gone EV customers for settlement was obviously correct. The lack of acknowledgement of new contracts led me to believe that they were running on the settlement they gained in December and probably the final cash flow from Stevenage. Sad times for the staff that haven’t left this sinking ship already. Best of luck. It is my opinion that this Board and the previous one should face investigation. Huge amounts of money spent here and what do they actually have as assets. A large number of very disgruntled Shareholders.

What that means is that TWD are no longer investing in Stevenage so no more spending is required there.

The weekend news is not good for UK production manufacturers and especially companies like Trackwise Design who are trying to break the Automotive industry. With India pulling the reigns in on China forcing car manufacturers there to commit to completion of manufacturing within their borders, meaning China will sell their products nationally at a shortened profit due to new tax bailouts for consumers buying EV’s. UK supplies to China will dry up faster than new submersible projects. JLR production in the UK which had all but promised Herefordshire and Somerset some long term commitment will be the biggest casualties. No doubt TWD were knocking on the door for this trade. With what looks like the inevitable from Arrival costing TWD the lifeline they needed and so far no product to show from TWD either in the EV market does anyone know what else they have in store for their ITH products. Are there any other applications for this and are TWD actually producing any product. Can this company really be operating with only the dashed hope of a final payment from Arrival which going by their share price (down £30.000 this year) is gone. Can the BOD advise it’s shareholders what the future of manufacture here is? Yes they have finally let the lame dog (Stevenage) die it’s natural death but will this be enough to tide over TWD until the secretive BOD announce any news as to the mystery of what TWD are actually producing.

Karlvon, Ipman, IHTfriend, whichever ones of you are currently employed at Trackwise Designs can you give us a heads up? Is there any work being done? Are there any orders being accepted? Can Trackwise actually build any of these products yet? Thank you

I admire your optimism. After 2 minutes of research I can see that the wife resigned from her position in 2018 I imagine her investment is is negligible. Also sales under a mil probably won't touch the sides of their running costs. Shortlisted not confirmed and no information on the timescale.

Good luck with your next investment hopefully it's better than this dog.

Karl if this company isn't being forced already then they are preparing for it. They are millions in the hole without any real expectations of orders and I can't imagine anyone with serious money would loan to this company again.

Best of luck Karl. I assume you were an employee at Trackwise. Hope it works out for you.

I would say you are 100% correct. My opinion is this suspension is to give Trackwise the opportunity to appoint an Administrator and avoid a 'wind up' this will get them a better value for what remains of their assets and allow some debt to be paid off.

Like so many others lured in at £1.50 this showed promise of £4.00. I have watched this dog from wagging tail to whimper. Lately it appears they have relied on one customer which has failed them. Stevenage bought and now looking to be sold to fund this disaster. Stonehouse bought but clearly not producing any profit probably down to lack of orders. If this is a specialist industry then just how specialist is the equipment in this factory, is this a one trick pony with no purpose in other manufacturing sectors?! They are now three sites that we know of none of which is making money. Costs will be escalating and it is easy to see why they are chasing for payment from customers. 4 mil raised to the end of last year and 5 mil only months later and a delay on figures now. At this rate of spending and overheads they must be running on fumes by now. What assets do they have left? Finding out the true value of this company will no doubt solve the riddle of how much longer they will be in business. I should have bailed out at £0.89, these shares aren't even worth selling now. A shame but that is the gamble in this game.