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Tuesday 23 October 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


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Torotrak – you were warned, requires fire sale miracle or it’s administration ahoy

2017-12-01 07:44:47

Previously writing on Torotrak (TRK) in July I noted hopefully warnings heeded – it’s cash crunch ahoy!. The crunch was noted earlier this week (see HERE) - and now a further financial position update from the company…

Torotrak: 8.09am Financial Update - Uh-Oh, Admin beckons

2017-11-28 02:02:01

Main market listed Torotrak (TRK) has issued an emergency update RNS this morning, issued at 8.09am. In short, it is in trouble.

Torotrak – Full-year results, hopefully warnings heeded – it’s cash crunch ahoy!

2017-07-28 01:05:06

Last writing on Torotrak (TRK) at the end of May, I concluded hopefully the warnings here have been heeded. This stock remains firmly on the bargepole list. The shares are now slumping further on the back of results for its year ended 31st March…

Torotrak – value destruction-enforced General Meeting held. Reckons “no further action” necessary. Hmmm…

2017-05-31 06:40:43

“S656 General Meeting Update” from Torotrak (TRK). But it doesn’t seem to have released the results for its year ended 31st March 2017 as yet?…

Torotrak – you couldn’t make it up, value destruction so bad that now a General Meeting is required!

2017-05-04 04:10:50

An announcement from Torotrak (TRK) entitled “Section 656 of the Companies Act 2006”. Hmmm, given the record here, I guessed this wasn’t good news… It ain’t…

Torotrak – from “significant increase in interest” to a now ‘materially reduced’ opportunity…

2017-01-30 04:28:59

Previously writing on Torotrak (TRK), I concluded that the shares were a sell at 5p on the back of “Trading Statement” announcement which was actually a ‘commercialisation delay’. I now write with the shares, on the back of a “Strategic Update, Group Refocus” announcement, currently circa 45% lower today, at around 1p!...

Torotrak – “Trading Statement” announcement is actually ‘commercialisation delay’

2016-04-21 03:59:30

Emissions reduction and fuel efficiency technology company Torotrak (TRK) has released a “Trading Statement” commencing that “the group has made good progress in executing the three year strategy to commercialise its technologies… During the last 12 months there has been a significant increase in interest from potential licensees and OEM customers in gaining access to the group's KERS technology in off-highway and V-Charge in passenger cars”. The shares are though currently more than 6.5% lower, at 5p, in response. Hmmm…

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