Previously writing on Trackwise Designs (TWD), with the shares below 90p I questioned recent fundraising “provision of growth working capital”… or keep-the-lights on funds? – concluding I suggest trading and funding challenges mean this currently still a bargepole / sell. Today a “Fundraising and Open Offer” and the shares down in response – but to a current around 300p, so what’s happened here? Should Tom sack me this weekend?
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...
Trackwise Designs (TWD) “is pleased to announce that it has conditionally acquired Stevenage Circuits Ltd for a total consideration of up to £2.457m… is also pleased to announce that it has conditionally raised approximately £5.87m”. Hmmm…
Following 21st Century Technology (C21) noted earlier, printed circuit technology products company Trackwise Designs (TWD) has also announced the appointment of a new nominated adviser and broker – this following half-year results last month…
On 26th June “Trackwise Designs Plc (TWD), a leading provider of specialist products using printed circuit technology” updated including it “is currently trading in line with market expectations” and emphasising “operational progress and continued growth in customer numbers”. Its today-announced results for the first half of 2019 should be decent enough then – and indeed the company “is pleased to announce” them, with the statement including “Trackwise has made solid progress against its strategic objectives in the first half of the year” and “we continue to manage the resources of the business prudently”…
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