Anyone know why Torotrak is up 80% in the last two months.

knocker 1

Did you see SHARES 18th Jan page 47. The Chartist sees "Gains to 110p via 70p seem achievable technically". For that reason, I'm in again.

Fundamentalist has established Thread, why not join in rather than duplicate?

Sorry but it is results that count with this outfit:
Started as an offshoot of BTG, who were wise to get shot of a system that was far too complicated and (as then) unproven. SP abt. 3.60.....today we see it at a tenth of that price and even with "good news" they are using the transmission in mowers.
A while ago I suggested they should have a celebrity with a range-rover fitted and do some economy trials, (chosen so there is space to access the bits etc.) but of course this was before Rover went belly-up through misconduct by both the Unions and Management (both ignoring the consumer!).
Does TRK have a future?
I have a small loss-making holding in an ISA but I fear that even at that level it is unlikely to do better than evens - so 1 is way off.
This company rewards itsw executives with share-options and other largess (see RNS), which are never earned. Until performance is linked to pay that's to be expected...and as long as the execs can keep the dream alive they will do very nicely. Once they have production units on the road (as it were), that's when the technology is at risk...it won't provide the ecomony they shouted about - because now (after 10 years!) auto-boxes are multi-greared and programmable to maximise Official economy-tests.
I'm not suggesting the basic principle isn't sound (I don't know), but my suspicion is that it isn't otherwise we'd have seen some production before now. After all if what you have invented isn't needed (unsaleable for whatever reason) STOP spending shareholder money and do something else!
The idea of getting 2-litre performance out of a 1-litre engine (or the ecomomy of a 1-litre) is attractive and continuously variable gearing will improve passenger comfort, so it's applicable to both cars and buses.....so why don't they get on with it?
The SP tells it all, - - - IMHO, so DYOR before you jump!

I've been watching Torotrak for a while and bought in at 38p. Todays prelim results look very encouraging especially the work with Aisin (mostly owned by Toyota).

Good news today with the Xtrac transmission deal. Surprised that this one's so quiet.

Certainly does not appear to be much interest here!

I wonder how much effect the news will have over the next 7 days. The deal must point the need to take the technology seriously!

Red

Some links.

The proposed use does not include full use of the TRK IVT for the principal drive train. Its for an energy recovery system KERS.

http://www.torotrak.com/

http://www.xtrac.com/

Interesting article. Link from the iii TRK BB
F1's Brit-built future revealed
http://www.autocar.co.uk/News/NewsArticle/AllCars/225928/


Red

An announcement on fork-lift truck prototypes today. Things are beginning to happen with Torotrak, but interest still seems limited.

Asian car manufacturer ? Hopefully some form of contract to be announced by September. Jatco making IVT for Nissan ?

And now they need to raise more more for a larger dollop of jam tomorrow. Personally, I would like the company to be cash neutral first (which it has threatened so to be) before dipping my fingers into the wallet.

On the other hand, I will need to take part in this money raising exercise, if, for not other reason than to protect my holding from further dilution and to average down (yet again).

Tawdry outfit which I wish I had never heard of some 8 years ago when I bunged the first few bob at it at the BARGAIN PRICE 202P. I cannot imagine the shares reaching 100p in the foreseeable future, let alone 600p the all time high.

AGM tomorrow I think. Hopefully yet more encouraging news. I'm planning to buy in further very soon.

Steady buying continuing .... SP still not rising. Still hoping for some good news before the end of September. This could easily be a x2 or x3 rise ref The Chartist back in January. Torotrak seem to marketing themselves rather well now and the industry under pressure about fuel economy and emissions will need their type of products very soon.

I wondered why there was no representation at the Frankfurt Motor Show, and it seems that Torotrak are out in force in Yokohama, transmission conference/exhibition. News this month ?

At last some good news,
Torotrak plc is pleased to announce that it has entered into a Licence Agreement
with Tata Motors Limited of Mumbai, India, providing Tata Motors with the rights
to apply Torotrak's full-toroidal traction drive technology to a wide range of
Tata Motors' products.

Under the terms of the licence, which is subject to formal approval by the
Indian Government, Tata Motors Limited has purchased the non-exclusive rights to
develop and manufacture transmissions which contain Torotrak's technology for
incorporation and sale in TATA branded and co-branded products. The licence
covers use of the Torotrak technology in four fields of application (passenger
cars, light commercial vehicles, medium & heavy commercial vehicles, and
construction equipment) and also allows Tata Motors to manufacture and sell
transmissions to other customers of Torotrak in the Indian market.

The financial consideration payable by Tata Motors in relation to the licence is
in line with the agreements contained in the Memorandum of Understanding which
we reported in our 2007 Preliminary Results Announcement on May 15th this year,
and is at a level where Indian Government approval is required. It is normal for
this process to take a number of months to complete at which point Torotrak will
provide further details of the financial terms of the licence.

Plenty of good news within the past couple of weeks, and the figures look encouraging for the future. Hopefully a very bullish outlook. More news in November ?

I've noticed that yesterday afternoon Tata stated to the press that they've a tie up for auto trans with Fiat. This could be what we've been waiting for. Hopefully some more good news to come very soon.

Interims should be due soon. About time there was further news on Carraro (they also have some tie up with Mahindra & Mahindra which may prove relevant) and updates about Tata. Hoping that this one will be good !

The buying trend's continuing, but only a marginal move in the SP. Hopefully Torotrak are building up news for good interims.

There seems to be a lot of room for exitement - what with a TATA-Fiat tie up - - - - er, just how does this affect TRK?

Fiat are well-known for small cars ( and relaunched the Fiat500, recently). er, and TATA is well established in India - where small cars would appear to be required by the masses - so that seems to me to be the reason for co-operation.
Now, where does this say "TRK" - and even if it said "we are developing a cheap small car with IVT, by TRK" -( ...which no-one has found so far...)

And, just how much would you expect TRK to earn from the deal ( if it existed)..?
- 1 per vehicle - that would mean 1m if they made a million cars - but that won't happen in yr1 - - - more like 100k - - - and what income does TRK need to support Directors and their renegotiated Options......probably a lot more.

Let's be realistic - this isn't the deal ( yet) - and whatever deal TRK gets it is unlikely to result in shareholders getting a dividend.

Furthermore, the longer "no-deal" appears the greater the risk that cars developinto Electric-hybrids - where there is little need for rollers, torroids, or other mechanical gismos - all of which add considerabley to need for care and precision - OK for an executive motor - but a real killer for something cheap.

Furthermore, for cheap motoring in Indian cities ( with pollution worries) - I suspect an electric-vehicle would be attractive, and would allow buyers to charge their car overnight ( when Electric generation is under-utilised)....kinda Win-Win.

I rest my case.

The Interims are set for Tuesday 27/11, and announced too late for Shares Mag this week. Watch out for good news (I hope). I'm expecting to see positive news on Tata and Carraro, and updates on F1. I don't believe that Aisin AW are out of the picture yet either with a IVT for a big car still under investigation I believe, and maybe scope for a hybrid.

With lots of potential business on the horizon, it's time for Dick Elsy to roll out the good news in the Interims ! A quick look through the news of the past few days has revealed that Aisin (for Toyota) still looks very much in the picture. I also understand that Tata wanted a partner for IVT before proceeding, so I guess that there's another player too, and there's clearly an 'auto trans' link up in India with Fiat .... so just maybe.

Disapointing Interims today, with a reasonable sell off and drop in SP as a result. The main issues seem to be the slow progress at Infinitrak and the lack of anything positive at Aisin AW. One new F1 team signed up and that's all ! With a bit of luck the Tata side will be approved by the Indian government soon so there'll be more news on the actual deal.

New Licence Agreement and Engineering Development Agreement with a Major
European Truck and Bus Manufacturer


Following the statement contained in Torotrak's Half-Yearly Results, published
on 27th November 2007, that the Company had entered into a Memorandum of
Understanding with a major European truck and bus manufacturer, Torotrak plc is
pleased to announce that it has now entered into a Licence Agreement and an
Engineering Development Agreement relating to the use of Torotrak's
full-toroidal traction drive technology in this client's commercial vehicle
range.

The total value of the Licence Fee and subsequent payments relating to the
Engineering Development Agreement is in excess of 7.0m, with more than half of
this sum being payable during this financial year. Under the terms of the
Licence Agreement the client has secured the right to use Torotrak's technology
to develop and manufacture transmissions for worldwide sales in their vehicle
range together with a period of exclusivity to develop Torotrak's technology for
use in the field of heavy commercial vehicles.

Full details at:

Torotrak - New Licence Agreement

New Delhi motor show on Jan 9 ..... Tata to unveil new cars. Maybe DE's on a roll !

The rabbit's in the hat ..... curtain call for the magician !
Torotrak look to be going places fast in the 1st qtr '08. No recent mention in Shares, so I hope they've just missed this one. The Tata deal looks like potentially bigger than most people have estimated, and we could have out maiden profit very soon. Hybrid developments just about all look like going CVT/IVT, and we've clearly not seen the big players show their hands yet.

I didn't know about the Delhi Motor Show - thanks cj. Certainly could be promising.

Looking around the comments boards it appears that an important announcement is due, and hopefully by the month end. This should reveal the details of the already announced Tata deal, which has been to the PAB in India and should be approved any time. Hoping for a good Feb and March with potential for a doubling of the SP.

Having watched one of my holding SEO start to take off, I'm surprised that TRK is so quiet, especially with the news expected to be announced this month about the Tata deal, and plently of others in the pipeline. A good time to get in now ?

The SP is low, but looking for that bit of blue sky that's been forcast for a while. Time to top up ?

A good positive Interim Statement today. Hopefully this will will start to generate lots of interest in the run up to Prelims in May.

Really?
- - - a run of 2000 units will create a small income that will barely pay one Director's salary. This company is a serial rubbish stock, that really should never have been foisted on investors those 15 years ago (was it?)...and I suspect their original Patents are starting to fade.
Their mistake was to try to flog this to Manufacturers, rather than get the demand from the customer.

The past has gone and Torotrak are moving forward. You'd better check all the latest data, but I believe that the Prelims will reveal a bit more, with even more good news to come aloing this year. Infinitrak now in production, the Tata deal plus Bus + Truck info to hopefully come quite soon. Forklift truck and other car deals in the pipeline. Not forgetting KERS. Trains on the horizon ? Mr Elsey has set the stage.

Buying on the increase .... good news to be confirmed soon ?
Could be some really big money to be made here !

CJ-WELL DONE

cjblues - all you say may be true, but it's no different from the words heard in the past. D.E. has been at the helm for so long he's managed to wear out a whole cow (in leather shoes) - by standing perfectly still.
The sp has risen recently on such News as Tata Nano, Tata Buses and KERS, but we saw small increases every time anything looked possible.
TRK will need to generate a lot of Dosh to pay early investors anything....and the same (probably) for recent investors. IMHO the busness model of "Licencing" just fails to deliver for shareholders UNLESS the business is already running and there is reasonable visability, as to future earnings.

If anything is remarkable; - it's that this Co is still here.

something stirs? Modest accumulation taking place.

Chart shows upwards at last .... results in May and with a bit of luck a few announcements beforehand.

Results due on May 25 ..... things appear to be looking up. Much good news and this one could fly. At 23p I believe it's well undervalued and worth a top up.

The results were almost depressing. Maybe deliberate. Have management got something else up their sleeves ?

Very strange buying today, as reported here...DYOR 180k buys against a handful of sales =1k3 shares sold after hours - no wonder the sp has reacted....yet no Co Ann....thought they'd need to...?
Oh well, it'll fall back - always does on no-news.
EDIT(22Jy10)- cjblues, if as you suppose there is something "up" then the Company must tell the Market...otherwise large trades will be down to knowledge not available in the Market, generally (some may say).DYOR. The problem comes when a Co wants to use their AGM as a "platform" for some good news - frankly I don't think they should, as it means the News is being manipulated (= delayed).

AGM on July 29, maybe something's in the wind. The buying's continuing today and there are rumours that someone has been accumalating shares for a while now..

Currently UP 13.6% today. This one could suddenly fly big time.

Still on the rise. AGM this week. Possible news from Jaguar/Land Rover or Tata, and maybe even Carraro very soon. One to watch ?

I've been holding on and off for years. So far it has always been a jam later share with more downs than ups. They're in a very difficult market with far too many vested interests in the exising technology and especially now, little appetite to switch with the capital investment entailed. Still optimistic though :-)

Tech talk tonight, and AGM tomorrow.
Lots going on so will be interesting.

Bit of movement today - is this the reason? http://www.torotrak.com/pdfs/pr/FHSPV-press-release-150910.pdf

Interims on November 23, 2010. What news to come ? Lots of stuff talked about, but what will actually happen ?

Could TRK go big this week ? Watch out from tomorrow.

Another jam tomorrow set of results I'm afraid. The heady days of a decade back when TRK were going to revolutionise volume car auto transmissions have been swopped for buses and lawnmowers and volume production/take up by Tier 1 manufacturers is still just around the corner. The KERS type system sans batteries is promising, the superchargers less so. As the cash burn enables a few more years for breakthrough I'll keep my current small holding but more in hope than expectation.

So-so companies wantr to keep well clear of production, since this provides investors with real figures and either Profits or Losses (Grief they must have racked many up by now!). So any opportunity to "promote" the technology, Patents and other ballyhoo will allow the Execs to jet here and thither. Another signing (what?) and the merry-go-round gains a little speed, putting off the dawning of the Production day.

What's surprising is that anyone is still prepared to listen to these fools and wasters.
If they can't sell it to Lawnmowers, then F1 is "bargepoles" IMHO - the mechanical risks of failure being far too high . . . . and it will become World news, flashed across the World's TV . . . and TRK never to be seen again.....Yet Execs really want to smell the rubber and hear the sounds . . . and might give them a good day out...

Their loose connection with rural busses is about as good as it gets IMHO - run a few and compare fuel with existing busses over the day - I suspect in hilly regions passengers will prefer the IVT bus....for comfort - and so will the bus operator . . . ah, but that might bring Production issues to the fore....and Execs don't like that at all.
I hold a few, about double the current sp.

Good RNS today and a sharp move north as a result. The transmissions ability to rotate wheels independently will raise a few eyebrows - though what Reginald Molehusband will make of it....

This rotation of wheels - it makes parking in tight spaces easier, although front-wheel "life" may suffer if they won't be rotating. Odd isn't it that most mass-cars are FWD as this saves space, lowers-cost, etc...here we have a cheapo-motor that isn't !
- or, could it be rear-engined?, since the Indians hardly need a heater!
FWIW I didn't think India thought much about "parking" - aren't they on the go, all-day?

TRK's sp
IMHO the rise in SP is based on zero-sales as yet, and I suspect the 1st Tata-models will not be IVT since there will always be a cost-advantage in having a gear-box, since you need reverse and humans are cheaper than computers (to set the ratios, etc.). Also, I suspect farming communities will distrust IVT although it might be a winner for those used to bicycles, if they don't need to pass a full-test (say). I suspect also overheating of transmission oil could spell disaster, when the local blacksmith gets hold of the thing.

What's really worrying, incidently, is the additional CO2 that all these "sales" will create, not just In Use - manufacture as well.

"Reverse,"
EDIT: (May 2012) Sorry to take so long in replying---You need the mechanical "lever" to put the IVT into reverse (although it could be a switch?), so the floorpan has to have a hole, gaiter, etc. - hence they could just as easily make a manual g'box option for cheapness (to attract the Indian Moped buyer). I still think IVT has its uses but not in a budget motor, although bulk mfr will lower cost, there is still the complexity and mech tolerance to contend with. So much more sense in buses, where the improved fuel consumption and smooth ride as seen as worth higher initial costs....and the Depot has the right tools/experience.
TRK does not need bad customer reaction to using chip-oil fouling the mech.

Me no understand this post - IVT is a gearbox and it has reverse. The front wheels do of course rotate. See http://www.greencarreports.com/blog/1056516_video-tata-pixel-concepts-spin-on-the-spot-parking for a demo. TRK already sell into agriculture/horticulture markets. TATA is not a Co serving peasants in India (e.g. Jaguar/Land Rover) and I'm sure I'm not alone in finding the racist overtones unpleasant.

Heading north slowly but surely :-)

Heading north rapidly now. About 20% in 2 days. By the lack of posts here I guess interest is low.

Now a 2X bagger for me and more to come :-)

It's taken a bit longer than I'd hoped, but 'double bubble' for me now ! There's a lot still to go on this one, with big news due about the Allison Transmission deal any time (expected between now and early April 2011).

Yes and I think the Rotrex 50/50 joint venture also has huge potential.

Ploughing a lone furrow here it seems but the latest deal with Allison seems to assure TRK reaching he big time. Still time to buy in imho.

gearing up for another drive forward this year. Volume well up today.

On board with Volvo now :-)

Still edging up, and now promoted to the FTSE Small Cap & All Share.

Looks like a lot more to come, and with the AGM at the end of July there's interesting times ahead.

I'd given up on this a long time ago - amazing to see it blast ahead at last. As usual, I was too impatient and didn't hold on.
Thanks for drawing attention to it again k+cjb.

The chart looks fantastic.

Could be more good news soon, but lots of secrecy too !

Id noticed its been hitting new 52 week highs.

Fanciful talk of Dividends on another site. Typically Abaper is putting a damper on things with his mantra of oil running out. Would like to see profits generated through royalty revenue rather than the lure of different jams.

Profits are needed for dividends :-)
However if any one of the lines of development reaches volume manufacture then money starts to roll in. Given the imperative to save the planet it is easy to see TRK beginning to rake it in. Still a longish lead time though but breakthrough has to be a given imho. A multi bagger in the making

New Scientist reports that the Ricardo Kinergy system (which has TRK content) is being tested in Airport Buses from this week.

Lots of developments so well worth keeping a watch.

The SP is holding up nicely, and with more good news anticipated by many, how high can this one go in the near future ?

Given the news represents potential more than actual - a pause/retracement?

Good luck with these - they have never quite made it.





Powered by IST's

Check out the late trades every day recently. Quite significant.

Significant investment (9%) by Allison Transmission Inc., with whom they're working in the US, announced earlier this month. I doubt they would be lobbing in funds if they didn't have some faith in a positive outcome.

I got back in these a few days ago and will stick with it for a while.

Remember the AGM's soon, at the end of July. Hopefully more will be revealled soon !

Sp rising in the past few days: good progress reported at the Low Carbon Vehicle exhibition 7-8 September. Click on link below for more info:

Flybus to start testing first flywheel hybrid buses

Thanks for this Toya. TRK are onw of the few stars in my SIPP and I see plenty of upside still.

I reckon so too, Kernow. They seem to have the right technology and a strong management team in place now. It'll take time but I feel it will be worth the wait.

Frankfurt Motor Show starts tomorrow, any news will hopefully build on the sucessful LCV2011 Cenex event of last week. A good time to be in Torotrak I think.

New Delhi Motor Show starts tomorrow.

Is there a big announcement by Tata pending ?

Wow, look at that chart! Wouldn't it be nice, cjblues? I could do with cheering up...

The recent IMS was very positive, and suggesting news following the results cut off at the end of March 2012.

TRK has been quite volatile the last year or so, and a big jump in the SP could now be on the cards.

Yipee, the Allison deal is in the bag. A fast ride for all holders over the next few months!

I've been on board for too many years to get excited but this jam tomorrow stock might now be about to use some of the accumulated KERS.

Allison Transmission is too big a deal to be disregarded as 'jam tomorrow'. TRK is finally going to come good.

The deal with Flybrid (20% holding), plus the recent aquistion of MCL, and being part of Tata's 'Proving Factory' add considerably too.

I'm staying in for sure. Good luck to all those private investors who've stuck with this one.

I thought these were long dead and gone!

The initial feedback from the TRK to Shareholder presentations is very encouraging.

Looks like lots more to come.

Good news today from Volvo Cars confirming that the TRK KERS system delivers up to 25% saving on fuel, and adds 80HP to the power output. Also Ricardo exhibiting their KERS system at Bauma looks promising. The shares look a snip at under 30p. Very big upside soon?????

Final Results tomorrow. Hopefully good with maybe further news of new licencees etc..

The results look very positive, but no upside to the SP as yet.

Hopefully more to come at or before the AGM in July.

A quiet time currently in the run up to the AGM on July 25. I wonder if the location of the AGM at the Heritage Motor Centre has any significance. With the slight recent drop in the SP, TRK looks a good buy to me. Lots of thing happening in the background, and it'll only take one big announcenent to see the SP move upwards.

AGM tomorrow. Should be full of confidence. Good news to come?

Ah well - more jam tomorrow, or sometime, maybe.

Very upbeat news on the half year report - never seen this level of interest in the TRK products before. Jam now on the horizon I think supported by the continuing failure of electric hybrid products to gain market share and confidence. Continuing to hold but now with more expectation than ever.

Just bought in.. 22.44 gone long

Think this could do with a new updated thread.

Good time to buy is it? Leopards, spots etc... this has never been a good stock, unless like J you are given ~£150k-worth ( DYOR) - thankfully they've not been sold, but maybe soon -as sp rises, making MUGS of the rest of us.
Is KERS any good - well it's another attempt by the Motor-makers and EU to give us things we don't need, or want. Like dual-mass flywheels which soon costa lot to fix.
Bringing down the weight of cars always helps and even that rather disturbing switching-off the engine whenever you stop.... Ah, but then you get a BigBill when the starter-motor fails and the battery replacement messes up the engine-management, possibility of both on a Motorway and you can be looking at so large a Bill you'd be better off going by train. . . . . so there!

As there is likely to be an NDA with NISMO (and I would be amazed if there were not) then TRK will presumably be bound not to reveal anything without explicit approval from the other party(ies). From memory, Tata were reported to have slapped TRK on the wrist for some seeming breach of their NDA. The integrity of Torotrak and how that is viewed by other current and potential license holders is very important for them and us.

I am confident that if there is good news and if TRK can share it with us then they most certainly will. In the meantime, I assume there is nothing they can tell us. Patience - and let us hope that NISMO Flybrid KERS does what is needed and gets to Le Mans and wins. Now that would be good publicity! Good luck all.

Just what is happening at Torotrak? The Company's gone into some kind of news 'black out' and cancelled the February 2015 statement.

Someone must know. Good or bad ? If good the SP could just take off.

Flybrid KERS-equipped bus completes road testing with Arriva and starts carrying passengers in Kent

Torotrak (LSE: TRK), a leading developer and supplier of variable drive transmission, engine boosting and energy recovery systems for vehicles that increase fuel efficiency and reduce CO2 emissions in vehicles, is pleased to announce that the first of the Flybrid KERS (Kinetic Energy Recovery System) fitted Arriva StreetLite buses has gone into passenger carrying service in Gillingham, Kent.

The KERS-equipped Wrightbus StreetLite has passed stringent flywheel safety and roadworthiness testing, and has been approved for drivability by both customer Wrightbus and operator Arriva. The operational performance of the system will be monitored over the coming weeks with in-service data and driver feedback being collected.

Wrights Group Engineering Director, Brian Maybin, said, "We're pleased with the progress of this project, and the Torotrak engineers have been very supportive in getting the bus ready for service. Hopefully this will be the first of many, and we look forward to working with Torotrak in moving this technology towards production."

Steve Hughes, Torotrak's Chief Operating Officer said: "We have been pleased with our extensive testing and the performance of Flybrid KERS, delivered early this year to Arriva. Entering trials in public service marks an important milestone, where driver feedback will help our engineers optimise the system ahead of start of production".

At last the first bus fitted with Torotraks Flybrid KERS system has arrived.

With news on several other projects due in or before May, the next couiple of months will be interesting.

I was in London a month ago and many of their buses already have a stop/start system which seems to operate on KERS, so there are already competitors out there which are up and running with their product. Seems TRK are late to the market.

Just to clarify that stop/start systems are not what Flybrid KERS is all about, although it can be a spin off benefit.

'Flybrid' KERS (kinetic energy recovery system) captures energy from braking, stores this in a carbon flywheel, and then releases this energy when it's most beneficial, usually when the vehicle is pulling away from a stop.

The first bus is being successfully run at Gillingham, Kent by Arriva, with more planned soon. Torotrak always seem to run late though !!

At just 10p, this share could prove to be the bargain of the year, but still a big gamble.

HARRYCAT - did you discover what system the London Busses were using - or is it a big button marked "Eco-Bus" which Boris has fitted in view of press photographers. . .we learn that Oxford Street is the most polluted in the World ( mainly NOX from diesels, where else?), so the greatest fix for this is not more "kit" - rather a sweeping destruction of the Bus-fleet that burns diesel.


March"15. - a Bargain of the year?
-Well by June/Jy"15, TRK suggests it has money only to continue until Sept ( DYOR-see Co Release ~30June2015.).
Furthermore to fix this they are continuing their reorganisation and devaluing existing shares in a 1+9p split ( I read it)- so it's not quite a CONsolidation, but their prospectus is far from clear, to me.
Add-in the raft of new shares at 7p and I suspect we shall see further Investor misery.

-It's not as though this company has a good track record, is it?

EDIT (21July2016)- Oh dear 4p and Execs are awarding themselves Options- DYOR - it's about time this Co. made one gearbox and sold it on EB - then the Public might know if it really existed . . . . This business has been putting out platitudes for 20-years after it was ditched by BTG - DYOR. What a waste of effort all round - except for Execs, who'd be unemployed elsewhere . . . . Grr!

Not done any more research, but spotted this yesterday:

StockMarketWire.com
Torotrak has substantially widened its H1 pretax loss to GBP9.8m, from GBP3.8m. Revenue was down to GBP1.2m, from GBP1.6m. The results included a GBP6.0m charge for exceptional items, from GBP93,000.

Chairman Nick Barter said:
"The main bus and off-highway KERS programmes remain on track to meet the technical and commercial targets required to achieve commercial launch in collaboration with our Tier 1 partner.

"On V-Charge, the initial results from on-engine testing conducted by the University of Bath confirm the simulated improvements in fuel efficiency and performance. Discussions with potential Tier 1 licensees across our technology portfolio continue to move forward.

"Overall we are on track to deliver our plans as laid out in the Prospectus issued in June 2015."

Low Cost Mechanical Bus KERS en route to production in mid 2016
Torotrak, a leading developer and supplier of emissions reduction and fuel efficiency technology for vehicles, and Wrightbus confirm the completion of the in-service trial of a Wrightbus StreetLite midi bus fitted with Torotrak's Flybrid mechanical kinetic energy recovery system (KERS). The trial was made possible by, and conducted with, Arriva, one of the largest bus operators in the UK.

The trial was conducted on a standard bus route in Gillingham, Kent from March 2015. It successfully demonstrated the performance of the Flybrid KERS under real-world operating conditions including the capture, storage and release of energy from the brakes and the drivability of the system. The learnings from the trial have already proven invaluable in selecting the operating strategy for the volume production system, which will be a second generation design.

Already undergoing detailed testing on rigs and in a new Euro VI StreetLite bus, this new KERS design is intended to further improve bus fuel efficiency and reduces the KERS weight and cost, helping to improve the bus operator payback. The new design has reduced parts count and system weight by 30% and 80kg respectively and incorporates a simpler 2x2x2 clutched flywheel transmission system reducing 'coast down' losses and improving efficiency during torque transfer.

In collaboration with its global Tier 1 manufacturing partner, Torotrak is on track to commence production of bus KERS systems from mid 2016 onwards. Tier 2 suppliers across the UK and other parts of the EU have been nominated and the manufacture of production tooling is currently underway.

Adam Robson, Torotrak Group CEO, said: "This is a very exciting time for the Group with the bus KERS project that started in 2012 going into commercial production from the middle of this year. I am delighted with the progress we have made and we look forward to delivering our first systems to Wrightbus during Q3 2016."

HARRYCAT - repect yr knowledgw on these things - but is there any sign that TRK will ever be a good investment - they've pootled about since Otto had his Big Idea and TRN has done little except bandwagon-jumping since.
The sp is 3p now - and no-doubt about to pass round the Bagging-Bowl further diluting LT investors..... you'd think if this CVT ( I'm very sceptical over KERS btw.)...saves about 20% fuel CVT would be a no-brainer for stop-start busses. A modestly constructed unit could be retro-fitted and either controlled by an experienced driver -or under computer control as so much is in Car technology nowadays. A fleet of two should do the trick - so how-come they never seem to get anywhere?
The 2015/6 KERS/Kent experiment may be good-but the sp says otherwise...?
Their big-deal with US-supplier (years ago) strikes me it came to nowt - so I suspect it was a face-saving deal where both parties were "doing something" - and then forgotten . . . . I don't think I've never seen a commercial application to become mainstream in the 20-years they've been blowing smoke over investors - Give me a short ans, will do. Regards
EDIT-16Dec2016)- sp ~2.5p tell us it's begging-bowl time; as a deal is pushed as far as 2018 ( News -DYOR)..... Oh deary . . . I suppose the only time we'll see any mechanical thing owned by TRK, is when the OffReceiver piles it, ready for auction.
It's quite evident there is nothing TRK that works . . otherwise why don't we see it? That being the case, it's not possible it's being kept "secret" for commercial reasons - it's being kept quiet . . . . because no-one is interested.
Meanwhile fuel-based engines are being phased-out in favour of Electric, since this is so green, you can paint your livery with it..... Grr.
EDIT (22May2017)- sp below 1p and Leyland site staff have been sacked (DYOR).... so Co is holding a GM at far away Leyland, where Dirs will cry that it's not their fault, sob, sob. Clearly the writing has been on the wall far too long - these Dir have no-idea what to do to make this a stable profitable business.... Shame that they are in charge of their Salary+Pensions . . . as I doubt they are worth even half of it.
EDIT (6Dec2017-sp0.07p down 36% looks like there are maybe just 12-day of TRK.
Totally mismanaged and far too much shilly-shally Should have been selling 20 years ago. Such a shame for those that invested at £5 (briefly).