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Trackwise Designs – 2019 results; recent fundraising “provision of growth working capital”… or keep-the-lights on funds?...

By Steve Moore | Tuesday 23 June 2020


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.


Previously writing on self-styled “a leading provider of specialist products using printed circuit technology” Trackwise Designs (TWD), in March I concluded I note the “supported by existing and new institutional shareholders” at 80p per share; also comparing to even a last-close 88.5p. “The provision of growth working capital” or keep-the-lights on funds with the attempted cover of an acquisition? The 2019 results statement will be interesting. Certainly at this juncture, my stance remains bargepole/sell. Now the 2019 results statement...

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