Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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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Comments
alcira16247
Another good call, Steve!
Torotrak promises are worth Sweet Fanny Adams, successful commercialisation of its much self vaunted KERS systems, despite years of attempts have all manifestly failed and this ‘new’ three year strategy looks to have been felled at the first fence……. so no change there! . In its whole miserable existence the company has only one achievement, of note………. that of diluting its poor suffering shareholders into oblivion!
Incredibly back in September 2000 these were trading at over £5.30 …………